Mercuries Life Insurance Co (TPE:2867) Cyclically Adjusted PS Ratio: 0.15 (As of Jul. 25, 2026) — 50% Above Median

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TPE:2867 Mercuries Life Insurance Co Ltd TPE:2867
55 GF Score
Price NT$9.28
GF Value NT$5.32
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Mercuries Life Insurance Co Cyclically Adjusted PS Ratio?

Mercuries Life Insurance Co TPE:2867 +1.09% 55 Cyclically Adjusted PS Ratio is 0.15 as of Jul. 25, 2026, which is 50% above its 10-year median of 0.10. GuruFocus rates TPE:2867 with a GF Score™ of 55/100 and a GF Value™ of NT$5.32 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 412 Insurance companies, Mercuries Life Insurance Co ranks better than 97.33% on this metric.

As of today (2026-07-25), Mercuries Life Insurance Co's current share price is NT$9.28. Mercuries Life Insurance Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$63.64. Mercuries Life Insurance Co's Cyclically Adjusted PS Ratio for today is 0.15.

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

TPE:2867' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.1   Max: 0.14
Current: 0.14

During the past years, Mercuries Life Insurance Co's highest Cyclically Adjusted PS Ratio was 0.14. The lowest was 0.06. And the median was 0.10.

TPE:2867's Cyclically Adjusted PS Ratio is ranked better than
97.33% of 412 companies
in the Insurance industry
Industry Median: 1.21 vs TPE:2867: 0.14

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.

Mercuries Life Insurance Co's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$6.630. 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$63.64 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mercuries Life Insurance Co  (TPE:2867) 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.


Mercuries Life Insurance Co Cyclically Adjusted PS Ratio Related Terms


Mercuries Life Insurance Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mercuries Life 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.

Mercuries Life Insurance Co Cyclically Adjusted PS Ratio Chart

Mercuries Life 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 0.11 0.07 0.07 0.09 0.13

Mercuries Life 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 0.09 0.09 0.07 0.09 0.13

TPE:2867 vs AFL, MET, PRU: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Life subindustry, Mercuries Life 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.


Mercuries Life Insurance Co Cyclically Adjusted PS Ratio vs Insurance Industry

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

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


TPE:2867
55GF Score
Mercuries Life Insurance Co Ltd TPE:2867
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercuries Life 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.28/63.64
=0.15

* 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.

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

For example, Mercuries Life 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)
=6.63/324.0540*324.0540
=6.630

Current CPI (Dec. 2025) = 324.0540.

Mercuries Life Insurance Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 21.102 238.132 28.716
201606 14.889 241.018 20.019
201609 19.451 241.428 26.108
201612 19.394 241.432 26.031
201703 21.675 243.801 28.810
201706 16.527 244.955 21.864
201709 20.721 246.819 27.205
201712 19.606 246.524 25.772
201803 20.081 249.554 26.076
201806 16.994 251.989 21.854
201809 16.648 252.439 21.371
201812 16.001 251.233 20.639
201903 19.711 254.202 25.127
201906 15.982 256.143 20.219
201909 16.560 256.759 20.900
201912 17.994 256.974 22.691
202003 13.456 258.115 16.894
202006 16.252 257.797 20.429
202009 13.951 260.280 17.369
202012 18.323 260.474 22.796
202103 16.722 264.877 20.458
202106 12.399 271.696 14.788
202109 10.960 274.310 12.948
202112 13.778 278.802 16.014
202203 11.307 287.504 12.744
202206 6.864 296.311 7.507
202209 9.738 296.808 10.632
202212 6.934 296.797 7.571
202303 7.539 301.836 8.094
202306 6.617 305.109 7.028
202309 7.392 307.789 7.783
202312 5.541 306.746 5.854
202403 7.842 312.332 8.136
202406 6.921 314.175 7.139
202409 5.482 315.301 5.634
202412 6.075 315.605 6.238
202503 5.735 319.799 5.811
202506 -2.304 322.561 -2.315
202509 6.860 324.800 6.844
202512 6.630 324.054 6.630

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 0.15 mean?
Mercuries Life Insurance Co (TPE:2867) has a Cyclically Adjusted PS Ratio of 0.15 as of Jul. 25, 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 Mercuries Life Insurance Co and its competitors. This is 50% above median its historical median of 0.10. Over the past decade, Mercuries Life Insurance Co's Cyclically Adjusted PS Ratio has ranged from 0.06 to 0.14. According to the industry distribution chart, Mercuries Life Insurance Co ranks #11 out of 412 companies in the Insurance industry, placing it in the top 2.7%.
Is Mercuries Life Insurance Co's Cyclically Adjusted PS Ratio too high?
Mercuries Life Insurance Co's current Cyclically Adjusted PS Ratio of 0.15 is 50% above median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.14. The Insurance industry median Cyclically Adjusted PS Ratio is 1.21. Mercuries Life Insurance Co's value of 0.15 is 87.6% below this industry median. Based on the distribution chart, Mercuries Life Insurance Co ranks #11 out of 412 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Mercuries Life Insurance Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercuries Life Insurance Co's Cyclically Adjusted PS Ratio compare to AFL and MET?
According to the Insurance industry distribution chart, Mercuries Life Insurance Co ranks #11 out of 412 companies for Cyclically Adjusted PS Ratio. This places Mercuries Life Insurance Co in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.21. Mercuries Life Insurance Co's value of 0.15 is 87.6% below this benchmark. Historically, Mercuries Life Insurance Co's own Cyclically Adjusted PS Ratio has ranged from 0.06 to 0.14 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 1.21, Mercuries Life Insurance Co has consistently been below 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 1.21, based on 412 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. Mercuries Life Insurance Co's current Cyclically Adjusted PS Ratio of 0.15 is 87.6% below 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 Mercuries Life Insurance Co and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercuries Life Insurance Co's current Cyclically Adjusted PS Ratio is 0.15, which is 50% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercuries Life Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, Mercuries Life Insurance Co (TPE:2867) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$5.32, compared to a current price of NT$9.28 — trading 74.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.15, which is 50% above median its 10-year median of 0.10 and 87.6% below the Insurance industry median of 1.21. Mercuries Life Insurance Co's overall GF Score™ is 55/100 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 Mercuries Life Insurance Co (TPE:2867), the current Cyclically Adjusted PS Ratio is 0.15 as of Jul. 25, 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 Mercuries Life Insurance Co (TPE:2867) Overvalued in 2026?

Based on GuruFocus' analysis, Mercuries Life Insurance Co stock appears to be overvalued. The current stock price of NT$9.28 is trading 74.4% above its estimated GF Value™ of NT$5.32. GuruFocus considers Mercuries Life Insurance Co to be Significantly Overvalued.

Key valuation signals for TPE:2867:

  • Cyclically Adjusted PS Ratio: 0.15 (50% above median its 10-year median of 0.10)
  • GF Value™: NT$5.32 vs. price of NT$9.28 (74.4% above fair value)
  • GF Score™: 55/100 with 7 warning signs
  • Industry Position: 87.6% below the Insurance median (#11 of 412)

No single metric tells the full story. See the TPE:2867 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercuries Life Insurance Co Business Description

Address Shitan Road, 1st Floor, No. 58, Neihu District, Taipei, TWN, 114
Mercuries Life Insurance Co Ltd is a Taiwanese financial services company engaged in the life insurance business.
55GF Score

Get the complete analysis for TPE:2867

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

NT$9.28
Price
NT$5.32
GF Value