Shinkong Insurance Co (TPE:2850) Cyclically Adjusted PS Ratio: 2.31 (As of Jul. 26, 2026) — 129% Above Median

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TPE:2850 Shinkong Insurance Co Ltd TPE:2850
67 GF Score
Price NT$147.50
GF Value NT$101.86
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Shinkong Insurance Co Cyclically Adjusted PS Ratio?

Shinkong Insurance Co TPE:2850 +0.34% 67 Cyclically Adjusted PS Ratio is 2.31 as of Jul. 26, 2026, which is 129% above its 10-year median of 1.01. GuruFocus rates TPE:2850 with a GF Score™ of 67/100 and a GF Value™ of NT$101.86 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 414 Insurance companies, Shinkong Insurance Co ranks worse than 76.33% on this metric.

As of today (2026-07-26), Shinkong Insurance Co's current share price is NT$147.50. Shinkong Insurance Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$63.95. Shinkong Insurance Co's Cyclically Adjusted PS Ratio for today is 2.31.

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

TPE:2850' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.01   Max: 2.32
Current: 2.31

During the past years, Shinkong Insurance Co's highest Cyclically Adjusted PS Ratio was 2.32. The lowest was 0.79. And the median was 1.01.

TPE:2850's Cyclically Adjusted PS Ratio is ranked worse than
76.33% of 414 companies
in the Insurance industry
Industry Median: 1.22 vs TPE:2850: 2.31

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.

Shinkong Insurance Co's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$17.065. 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$63.95 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shinkong Insurance Co  (TPE:2850) 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.


Shinkong Insurance Co Cyclically Adjusted PS Ratio Related Terms


Shinkong Insurance Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shinkong Insurance Co'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.

Shinkong Insurance Co Cyclically Adjusted PS Ratio Chart

Shinkong Insurance Co 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 0.99 0.92 1.19 1.76 1.84

Shinkong Insurance Co 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 1.76 1.79 1.56 1.89 1.84

TPE:2850 vs CB, PGR, TRV: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Property & Casualty subindustry, Shinkong Insurance Co'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.


Shinkong Insurance Co Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Shinkong Insurance Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shinkong Insurance Co's Cyclically Adjusted PS Ratio falls into.


TPE:2850
67GF Score
Shinkong Insurance Co Ltd TPE:2850
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinkong Insurance Co 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.

Shinkong Insurance Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=147.50/63.95
=2.31

* 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.

Shinkong Insurance Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Shinkong Insurance Co'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)
=17.065/324.0540*324.0540
=17.065

Current CPI (Dec. 2025) = 324.0540.

Shinkong Insurance Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 9.390 238.132 12.778
201606 10.561 241.018 14.199
201609 10.649 241.428 14.293
201612 9.959 241.432 13.367
201703 10.418 243.801 13.847
201706 11.053 244.955 14.622
201709 11.720 246.819 15.387
201712 10.975 246.524 14.427
201803 12.168 249.554 15.801
201806 11.338 251.989 14.580
201809 11.905 252.439 15.282
201812 11.310 251.233 14.588
201903 11.875 254.202 15.138
201906 11.877 256.143 15.026
201909 13.186 256.759 16.642
201912 12.163 256.974 15.338
202003 11.559 258.115 14.512
202006 12.921 257.797 16.242
202009 13.969 260.280 17.392
202012 13.799 260.474 17.167
202103 14.175 264.877 17.342
202106 14.433 271.696 17.214
202109 14.913 274.310 17.617
202112 14.891 278.802 17.308
202203 14.793 287.504 16.674
202206 14.428 296.311 15.779
202209 15.390 296.808 16.803
202212 15.218 296.797 16.616
202303 14.858 301.836 15.952
202306 16.066 305.109 17.064
202309 16.695 307.789 17.577
202312 15.533 306.746 16.409
202403 16.633 312.332 17.257
202406 16.043 314.175 16.547
202409 16.856 315.301 17.324
202412 16.495 315.605 16.937
202503 16.383 319.799 16.601
202506 16.722 322.561 16.799
202509 18.065 324.800 18.024
202512 17.065 324.054 17.065

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 2.31 mean?
Shinkong Insurance Co (TPE:2850) has a Cyclically Adjusted PS Ratio of 2.31 as of Jul. 26, 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 Shinkong Insurance Co and its competitors. This is 129% above median its historical median of 1.01. Over the past decade, Shinkong Insurance Co's Cyclically Adjusted PS Ratio has ranged from 0.79 to 2.32. According to the industry distribution chart, Shinkong Insurance Co ranks #316 out of 414 companies in the Insurance industry, placing it in the top 76.3%.
Is Shinkong Insurance Co's Cyclically Adjusted PS Ratio too high?
Shinkong Insurance Co's current Cyclically Adjusted PS Ratio of 2.31 is 129% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 2.32. The Insurance industry median Cyclically Adjusted PS Ratio is 1.22. Shinkong Insurance Co's value of 2.31 is 89.3% above this industry median. Based on the distribution chart, Shinkong Insurance Co ranks #316 out of 414 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Shinkong Insurance Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinkong Insurance Co's Cyclically Adjusted PS Ratio compare to CB and PGR?
According to the Insurance industry distribution chart, Shinkong Insurance Co ranks #316 out of 414 companies for Cyclically Adjusted PS Ratio. This places Shinkong Insurance Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.22. Shinkong Insurance Co's value of 2.31 is 89.3% above this benchmark. Historically, Shinkong Insurance Co's own Cyclically Adjusted PS Ratio has ranged from 0.79 to 2.32 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 1.22, Shinkong Insurance Co 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 an Insurance company?
The median Cyclically Adjusted PS Ratio among Insurance companies is 1.22, based on 414 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. Shinkong Insurance Co's current Cyclically Adjusted PS Ratio of 2.31 is 89.3% 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 Shinkong Insurance Co and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinkong Insurance Co's current Cyclically Adjusted PS Ratio is 2.31, which is 129% above median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinkong Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, Shinkong Insurance Co (TPE:2850) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$101.86, compared to a current price of NT$147.50 — trading 44.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.31, which is 129% above median its 10-year median of 1.01 and 89.3% above the Insurance industry median of 1.22. Shinkong Insurance Co's overall GF Score™ is 67/100 with 7 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 Shinkong Insurance Co (TPE:2850), the current Cyclically Adjusted PS Ratio is 2.31 as of Jul. 26, 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 Shinkong Insurance Co (TPE:2850) Overvalued in 2026?

Based on GuruFocus' analysis, Shinkong Insurance Co stock appears to be overvalued. The current stock price of NT$147.50 is trading 44.8% above its estimated GF Value™ of NT$101.86. GuruFocus considers Shinkong Insurance Co to be Significantly Overvalued.

Key valuation signals for TPE:2850:

  • Cyclically Adjusted PS Ratio: 2.31 (129% above median its 10-year median of 1.01)
  • GF Value™: NT$101.86 vs. price of NT$147.50 (44.8% above fair value)
  • GF Score™: 67/100 with 7 warning signs
  • Industry Position: 89.3% above the Insurance median (#316 of 414)

No single metric tells the full story. See the TPE:2850 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinkong Insurance Co Business Description

Address Jianguo North Road, 11th Floor, No. 15, Section 2, Taipei, TWN, 104
Shinkong Insurance Co Ltd is one of the property and casualty insurance company. The product portfolio of the company comprises accident and health insurance, liability insurance, engineering insurance, marine insurance, fire insurance, motor insurance, amd others.
67GF Score

Get the complete analysis for TPE:2850

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

NT$147.50
Price
NT$101.86
GF Value