Bank Of Kaohsiung (TPE:2836) Cyclically Adjusted PS Ratio: 4.00 (As of Jul. 27, 2026) — 20% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2836 Bank Of Kaohsiung Ltd TPE:2836
65 GF Score
Price NT$12.85
GF Value NT$11.66
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Bank Of Kaohsiung Cyclically Adjusted PS Ratio?

Bank Of Kaohsiung TPE:2836 65 Cyclically Adjusted PS Ratio is 4.00 as of Jul. 27, 2026, which is 20% above its 10-year median of 3.32. GuruFocus rates TPE:2836 with a GF Score™ of 65/100 and a GF Value™ of NT$11.66 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,302 Banks companies, Bank Of Kaohsiung ranks worse than 62.29% on this metric.

As of today (2026-07-27), Bank Of Kaohsiung's current share price is NT$12.85. Bank Of Kaohsiung's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$3.21. Bank Of Kaohsiung's Cyclically Adjusted PS Ratio for today is 4.00.

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

TPE:2836' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.3   Med: 3.32   Max: 4.2
Current: 4

During the past years, Bank Of Kaohsiung's highest Cyclically Adjusted PS Ratio was 4.20. The lowest was 2.30. And the median was 3.32.

TPE:2836's Cyclically Adjusted PS Ratio is ranked worse than
62.29% of 1302 companies
in the Banks industry
Industry Median: 3.41 vs TPE:2836: 4.00

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.

Bank Of Kaohsiung's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$0.691. 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$3.21 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Of Kaohsiung  (TPE:2836) 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.


Bank Of Kaohsiung Cyclically Adjusted PS Ratio Related Terms


Bank Of Kaohsiung Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bank Of Kaohsiung'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.

Bank Of Kaohsiung Cyclically Adjusted PS Ratio Chart

Bank Of Kaohsiung 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 3.34 3.37 3.36 3.41 3.83

Bank Of Kaohsiung Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 3.41 3.40 3.61 3.68 3.83

TPE:2836 vs PNC, USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Bank Of Kaohsiung'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.


Bank Of Kaohsiung Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank Of Kaohsiung's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bank Of Kaohsiung's Cyclically Adjusted PS Ratio falls into.


TPE:2836
65GF Score
Bank Of Kaohsiung Ltd TPE:2836
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank Of Kaohsiung 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.

Bank Of Kaohsiung's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.85/3.21
=4.00

* 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.

Bank Of Kaohsiung's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Bank Of Kaohsiung's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.691/324.0540*324.0540
=0.691

Current CPI (Dec. 2025) = 324.0540.

Bank Of Kaohsiung Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.802 238.132 1.091
201606 0.793 241.018 1.066
201609 0.737 241.428 0.989
201612 0.697 241.432 0.936
201703 0.705 243.801 0.937
201706 0.615 244.955 0.814
201709 0.617 246.819 0.810
201712 0.637 246.524 0.837
201803 0.683 249.554 0.887
201806 0.652 251.989 0.838
201809 0.615 252.439 0.789
201812 0.546 251.233 0.704
201903 0.688 254.202 0.877
201906 0.709 256.143 0.897
201909 0.636 256.759 0.803
201912 0.572 256.974 0.721
202003 0.732 258.115 0.919
202006 0.672 257.797 0.845
202009 0.691 260.280 0.860
202012 0.658 260.474 0.819
202103 0.813 264.877 0.995
202106 0.670 271.696 0.799
202109 0.732 274.310 0.865
202112 0.695 278.802 0.808
202203 0.744 287.504 0.839
202206 0.647 296.311 0.708
202209 0.661 296.808 0.722
202212 0.759 296.797 0.829
202303 0.666 301.836 0.715
202306 0.756 305.109 0.803
202309 0.731 307.789 0.770
202312 0.689 306.746 0.728
202403 0.658 312.332 0.683
202406 0.512 314.175 0.528
202409 0.619 315.301 0.636
202412 0.589 315.605 0.605
202503 0.626 319.799 0.634
202506 0.594 322.561 0.597
202509 0.720 324.800 0.718
202512 0.691 324.054 0.691

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 4.00 mean?
Bank Of Kaohsiung (TPE:2836) has a Cyclically Adjusted PS Ratio of 4.00 as of Jul. 27, 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 Bank Of Kaohsiung and its competitors. This is 20% above median its historical median of 3.32. Over the past decade, Bank Of Kaohsiung's Cyclically Adjusted PS Ratio has ranged from 2.30 to 4.20. According to the industry distribution chart, Bank Of Kaohsiung ranks #811 out of 1302 companies in the Banks industry, placing it in the top 62.3%.
Is Bank Of Kaohsiung's Cyclically Adjusted PS Ratio too high?
Bank Of Kaohsiung's current Cyclically Adjusted PS Ratio of 4.00 is 20% above median its 10-year median of 3.32. Over the past 10 years, this metric has ranged from a low of 2.30 to a high of 4.20. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. Bank Of Kaohsiung's value of 4.00 is 17.3% above this industry median. Based on the distribution chart, Bank Of Kaohsiung ranks #811 out of 1302 companies in the Banks industry, which is below the industry midpoint. Overall, Bank Of Kaohsiung has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank Of Kaohsiung's Cyclically Adjusted PS Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Bank Of Kaohsiung ranks #811 out of 1302 companies for Cyclically Adjusted PS Ratio. This places Bank Of Kaohsiung in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.41. Bank Of Kaohsiung's value of 4.00 is 17.3% above this benchmark. Historically, Bank Of Kaohsiung's own Cyclically Adjusted PS Ratio has ranged from 2.30 to 4.20 over the past decade. While the company's 10-year median is 3.32 vs. the industry median of 3.41, Bank Of Kaohsiung 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.41, based on 1,302 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. Bank Of Kaohsiung's current Cyclically Adjusted PS Ratio of 4.00 is 17.3% 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 Bank Of Kaohsiung and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank Of Kaohsiung's current Cyclically Adjusted PS Ratio is 4.00, which is 20% above median its own 10-year median of 3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Of Kaohsiung stock overvalued right now?
Based on GuruFocus' analysis, Bank Of Kaohsiung (TPE:2836) is currently considered Fairly Valued. The stock's GF Value™ is NT$11.66, compared to a current price of NT$12.85 — trading 10.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.00, which is 20% above median its 10-year median of 3.32 and 17.3% above the Banks industry median of 3.41. Bank Of Kaohsiung's overall GF Score™ is 65/100 with 5 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 Bank Of Kaohsiung (TPE:2836), the current Cyclically Adjusted PS Ratio is 4.00 as of Jul. 27, 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 Bank Of Kaohsiung (TPE:2836) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Of Kaohsiung stock appears to be overvalued. The current stock price of NT$12.85 is trading 10.2% above its estimated GF Value™ of NT$11.66. GuruFocus considers Bank Of Kaohsiung to be Fairly Valued.

Key valuation signals for TPE:2836:

  • Cyclically Adjusted PS Ratio: 4.00 (20% above median its 10-year median of 3.32)
  • GF Value™: NT$11.66 vs. price of NT$12.85 (10.2% above fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 17.3% above the Banks median (#811 of 1302)

No single metric tells the full story. See the TPE:2836 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank Of Kaohsiung Business Description

Other Exchanges 2836A.PFD:Taiwan
Address No.168, Po Ai 2nd Road, Zuoying District, Kaohsiung, TWN
Bank Of Kaohsiung Ltd operates as a commercial bank. Its business activities are Agent for the Kaohsiung City Treasury; Management of Kaohsiung Municipal Bond; Other relevant commercial bank businesses authorized under the Banking Act; Savings and trust operations; and Other relevant businesses authorized by the Government authorities. Its segments include DBU, which engages in deposit taking and underwriting of loans in the domestic market; OBU& Finance Administration Department, which engages in the investment and trading of securities and offshore deposits and loans; and Other segments, which engages in public treasury, trust and insurance agency businesses. It derives the majority of the revenue from the DBU segment.
65GF Score

Get the complete analysis for TPE:2836

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

NT$12.85
Price
NT$11.66
GF Value