Eva Airways (TPE:2618) Cyclically Adjusted PS Ratio: 1.04 (As of Sep. 17, 2026) — 27% Above Median

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TPE:2618 Eva Airways Corp TPE:2618
86 GF Score
Price NT$41.30
GF Value NT$42.14
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Eva Airways Cyclically Adjusted PS Ratio?

Eva Airways TPE:2618 +0.24% 86 Cyclically Adjusted PS Ratio is 1.04 as of Sep. 17, 2026, which is 27% above its 10-year median of 0.82. GuruFocus rates TPE:2618 with a GF Score™ of 86/100 and a GF Value™ of NT$42.14 (Fairly Valued). The stock has 6 warning signs investors should review. Among 760 Transportation companies, Eva Airways ranks worse than 54.87% on this metric.

As of today (2026-09-17), Eva Airways's current share price is NT$41.30. Eva Airways's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$39.69. Eva Airways's Cyclically Adjusted PS Ratio for today is 1.04.

The historical rank and industry rank for Eva Airways's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:2618' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.82   Max: 1.3
Current: 1.09

During the past years, Eva Airways's highest Cyclically Adjusted PS Ratio was 1.30. The lowest was 0.23. And the median was 0.82.

TPE:2618's Cyclically Adjusted PS Ratio is ranked worse than
54.87% of 760 companies
in the Transportation industry
Industry Median: 0.915 vs TPE:2618: 1.09

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Eva Airways's adjusted revenue per share data for the three months ended in Jun. 2026 was NT$12.512. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is NT$39.69 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eva Airways  (TPE:2618) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Eva Airways Cyclically Adjusted PS Ratio Related Terms


Eva Airways Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Eva Airways's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Eva Airways Cyclically Adjusted PS Ratio Chart

Eva Airways Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 0.81 0.88 1.23 0.99

Eva Airways Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.04 0.99 0.96 0.87 1.13

TPE:2618 vs DAL, UAL, LUV: Cyclically Adjusted PS Ratio Comparison

For the Airlines subindustry, Eva Airways's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Eva Airways Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Eva Airways's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Eva Airways's Cyclically Adjusted PS Ratio falls into.


TPE:2618
86GF Score
Eva Airways Corp TPE:2618
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eva Airways Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Eva Airways's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=41.30/39.692
=1.04

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Eva Airways's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Eva Airways's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=12.512/333.9520*333.9520
=12.512

Current CPI (Jun. 2026) = 333.9520.

Eva Airways Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.527 241.428 11.795
201612 7.997 241.432 11.062
201703 8.358 243.801 11.449
201706 8.818 244.955 12.022
201709 9.457 246.819 12.796
201712 9.251 246.524 12.532
201803 8.466 249.554 11.329
201806 8.814 251.989 11.681
201809 9.368 252.439 12.393
201812 8.905 251.233 11.837
201903 8.434 254.202 11.080
201906 9.045 256.143 11.793
201909 8.519 256.759 11.080
201912 9.069 256.974 11.786
202003 6.229 258.115 8.059
202006 3.974 257.797 5.148
202009 3.792 260.280 4.865
202012 4.352 260.474 5.580
202103 4.030 264.877 5.081
202106 4.749 271.696 5.837
202109 4.953 274.310 6.030
202112 6.659 278.802 7.976
202203 5.620 287.504 6.528
202206 6.214 296.311 7.003
202209 6.516 296.808 7.331
202212 7.211 296.797 8.114
202303 13.258 301.836 14.669
202306 8.993 305.109 9.843
202309 9.838 307.789 10.674
202312 9.844 306.746 10.717
202403 9.556 312.332 10.217
202406 10.221 314.175 10.864
202409 10.525 315.301 11.148
202412 10.324 315.605 10.924
202503 10.103 319.799 10.550
202506 10.208 322.561 10.568
202509 9.669 324.800 9.941
202512 10.526 324.054 10.848
202603 11.130 330.213 11.256
202606 12.512 333.952 12.512

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 1.04 mean?
Eva Airways (TPE:2618) has a Cyclically Adjusted PS Ratio of 1.04 as of Sep. 17, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Eva Airways and its competitors. This is 27% above median its historical median of 0.82. Over the past decade, Eva Airways' Cyclically Adjusted PS Ratio has ranged from 0.23 to 1.30. According to the industry distribution chart, Eva Airways ranks #417 out of 760 companies in the Transportation industry, placing it in the top 54.9%.
Is Eva Airways' Cyclically Adjusted PS Ratio too high?
Eva Airways' current Cyclically Adjusted PS Ratio of 1.04 is 27% above median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.30. The Transportation industry median Cyclically Adjusted PS Ratio is 0.92. Eva Airways' value of 1.04 is 13.7% above this industry median. Based on the distribution chart, Eva Airways ranks #417 out of 760 companies in the Transportation industry, which is below the industry midpoint. Overall, Eva Airways has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eva Airways' Cyclically Adjusted PS Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Eva Airways ranks #417 out of 760 companies for Cyclically Adjusted PS Ratio. This places Eva Airways in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.92. Eva Airways' value of 1.04 is 13.7% above this benchmark. Historically, Eva Airways' own Cyclically Adjusted PS Ratio has ranged from 0.23 to 1.30 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 0.92, Eva Airways has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.92, based on 760 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eva Airways's current Cyclically Adjusted PS Ratio of 1.04 is 13.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Eva Airways and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eva Airways's current Cyclically Adjusted PS Ratio is 1.04, which is 27% above median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eva Airways stock overvalued right now?
Based on GuruFocus' analysis, Eva Airways (TPE:2618) is currently considered Fairly Valued. The stock's GF Value™ is NT$42.14, compared to a current price of NT$41.30 — trading 2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.04, which is 27% above median its 10-year median of 0.82 and 13.7% above the Transportation industry median of 0.92. Eva Airways' overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Eva Airways (TPE:2618), the current Cyclically Adjusted PS Ratio is 1.04 as of Sep. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Eva Airways (TPE:2618) Overvalued in 2026?

Based on GuruFocus' analysis, Eva Airways stock appears to be undervalued. The current stock price of NT$41.30 is trading 2% below its estimated GF Value™ of NT$42.14. GuruFocus considers Eva Airways to be Fairly Valued.

Key valuation signals for TPE:2618:

  • Cyclically Adjusted PS Ratio: 1.04 (27% above median its 10-year median of 0.82)
  • GF Value™: NT$42.14 vs. price of NT$41.30 (2% below fair value)
  • GF Score™: 86/100 with 6 warning signs
  • Industry Position: 13.7% above the Transportation median (#417 of 760)

No single metric tells the full story. See the TPE:2618 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eva Airways Business Description

Address No. 376, Hsin-Nan Road, Sector 1, Luchu District, Taoyuan, TWN
Eva Airways Corp is an aviation transportation business. Its business activities are civil aviation transportation and general aviation business; Wholesale and retail sale of medical devices; carrying out any business which is not forbidden or restricted by the applicable laws and regulations, excluding those requiring licensing. Its geographic markets are Taiwan, Asia, Europe, North America, and others. It derives maximum revenue from Taiwan. The Group has two reportable segments: Aviation transportation segment, which derives maximum revenue, is involved in aviation transportation of passengers and cargo; and the aircraft maintenance and manufacture segment is involved in maintenance, manufacture, processing and sale of aircraft, parts and engine.
86GF Score

Get the complete analysis for TPE:2618

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$41.30
Price
NT$42.14
GF Value