Hua Nan Financial Holdings Co (TPE:2880) Cyclically Adjusted PS Ratio: 9.49 (As of Jul. 25, 2026) — 57% Above Median

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TPE:2880 Hua Nan Financial Holdings Co Ltd TPE:2880
73 GF Score
Price NT$40.70
GF Value NT$29.13
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Hua Nan Financial Holdings Co Cyclically Adjusted PS Ratio?

Hua Nan Financial Holdings Co TPE:2880 -1.33% 73 Cyclically Adjusted PS Ratio is 9.49 as of Jul. 25, 2026, which is 57% above its 10-year median of 6.04. GuruFocus rates TPE:2880 with a GF Score™ of 73/100 and a GF Value™ of NT$29.13 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,299 Banks companies, Hua Nan Financial Holdings Co ranks worse than 96.23% on this metric.

As of today (2026-07-25), Hua Nan Financial Holdings Co's current share price is NT$40.70. Hua Nan Financial Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$4.29. Hua Nan Financial Holdings Co's Cyclically Adjusted PS Ratio for today is 9.49.

The historical rank and industry rank for Hua Nan Financial Holdings Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:2880' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.96   Med: 6.04   Max: 9.5
Current: 9.5

During the past years, Hua Nan Financial Holdings Co's highest Cyclically Adjusted PS Ratio was 9.50. The lowest was 4.96. And the median was 6.04.

TPE:2880's Cyclically Adjusted PS Ratio is ranked worse than
96.23% of 1299 companies
in the Banks industry
Industry Median: 3.36 vs TPE:2880: 9.50

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.

Hua Nan Financial Holdings Co's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$1.250. 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$4.29 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hua Nan Financial Holdings Co  (TPE:2880) 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.


Hua Nan Financial Holdings Co Cyclically Adjusted PS Ratio Related Terms


Hua Nan Financial Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hua Nan Financial Holdings 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.

Hua Nan Financial Holdings Co Cyclically Adjusted PS Ratio Chart

Hua Nan Financial Holdings 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 6.03 6.08 5.70 6.37 7.23

Hua Nan Financial Holdings 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 6.37 6.65 6.42 6.94 7.23

Hua Nan Financial Holdings Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Hua Nan Financial Holdings 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.


Hua Nan Financial Holdings Co Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Hua Nan Financial Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hua Nan Financial Holdings Co's Cyclically Adjusted PS Ratio falls into.


TPE:2880
73GF Score
Hua Nan Financial Holdings Co Ltd TPE:2880
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hua Nan Financial Holdings 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.

Hua Nan Financial Holdings Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=40.70/4.29
=9.49

* 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.

Hua Nan Financial Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Hua Nan Financial Holdings 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)
=1.25/324.0540*324.0540
=1.250

Current CPI (Dec. 2025) = 324.0540.

Hua Nan Financial Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.738 238.132 1.004
201606 0.717 241.018 0.964
201609 0.802 241.428 1.076
201612 0.751 241.432 1.008
201703 0.681 243.801 0.905
201706 0.756 244.955 1.000
201709 0.827 246.819 1.086
201712 0.748 246.524 0.983
201803 0.787 249.554 1.022
201806 0.822 251.989 1.057
201809 0.887 252.439 1.139
201812 0.771 251.233 0.994
201903 0.876 254.202 1.117
201906 0.793 256.143 1.003
201909 0.876 256.759 1.106
201912 0.761 256.974 0.960
202003 0.420 258.115 0.527
202006 0.804 257.797 1.011
202009 0.813 260.280 1.012
202012 0.813 260.474 1.011
202103 0.886 264.877 1.084
202106 0.872 271.696 1.040
202109 1.004 274.310 1.186
202112 0.845 278.802 0.982
202203 0.894 287.504 1.008
202206 0.942 296.311 1.030
202209 1.143 296.808 1.248
202212 0.850 296.797 0.928
202303 1.022 301.836 1.097
202306 1.060 305.109 1.126
202309 1.121 307.789 1.180
202312 1.039 306.746 1.098
202403 1.169 312.332 1.213
202406 1.184 314.175 1.221
202409 1.305 315.301 1.341
202412 1.070 315.605 1.099
202503 1.194 319.799 1.210
202506 1.122 322.561 1.127
202509 1.412 324.800 1.409
202512 1.250 324.054 1.250

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 9.49 mean?
Hua Nan Financial Holdings Co (TPE:2880) has a Cyclically Adjusted PS Ratio of 9.49 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 Hua Nan Financial Holdings Co and its competitors. This is 57% above median its historical median of 6.04. Over the past decade, Hua Nan Financial Holdings Co's Cyclically Adjusted PS Ratio has ranged from 4.96 to 9.50. According to the industry distribution chart, Hua Nan Financial Holdings Co ranks #1250 out of 1299 companies in the Banks industry, placing it in the top 96.2%.
Is Hua Nan Financial Holdings Co's Cyclically Adjusted PS Ratio too high?
Hua Nan Financial Holdings Co's current Cyclically Adjusted PS Ratio of 9.49 is 57% above median its 10-year median of 6.04. Over the past 10 years, this metric has ranged from a low of 4.96 to a high of 9.50. The Banks industry median Cyclically Adjusted PS Ratio is 3.36. Hua Nan Financial Holdings Co's value of 9.49 is 182.4% above this industry median. Based on the distribution chart, Hua Nan Financial Holdings Co ranks #1250 out of 1299 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Hua Nan Financial Holdings Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hua Nan Financial Holdings Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Hua Nan Financial Holdings Co ranks #1250 out of 1299 companies for Cyclically Adjusted PS Ratio. This places Hua Nan Financial Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.36. Hua Nan Financial Holdings Co's value of 9.49 is 182.4% above this benchmark. Historically, Hua Nan Financial Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 4.96 to 9.50 over the past decade. While the company's 10-year median is 6.04 vs. the industry median of 3.36, Hua Nan Financial Holdings 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 a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.36, based on 1,299 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. Hua Nan Financial Holdings Co's current Cyclically Adjusted PS Ratio of 9.49 is 182.4% 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 Hua Nan Financial Holdings Co and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hua Nan Financial Holdings Co's current Cyclically Adjusted PS Ratio is 9.49, which is 57% above median its own 10-year median of 6.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hua Nan Financial Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Hua Nan Financial Holdings Co (TPE:2880) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$29.13, compared to a current price of NT$40.70 — trading 39.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.49, which is 57% above median its 10-year median of 6.04 and 182.4% above the Banks industry median of 3.36. Hua Nan Financial Holdings Co's overall GF Score™ is 73/100 with 8 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 Hua Nan Financial Holdings Co (TPE:2880), the current Cyclically Adjusted PS Ratio is 9.49 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 Hua Nan Financial Holdings Co (TPE:2880) Overvalued in 2026?

Based on GuruFocus' analysis, Hua Nan Financial Holdings Co stock appears to be overvalued. The current stock price of NT$40.70 is trading 39.7% above its estimated GF Value™ of NT$29.13. GuruFocus considers Hua Nan Financial Holdings Co to be Significantly Overvalued.

Key valuation signals for TPE:2880:

  • Cyclically Adjusted PS Ratio: 9.49 (57% above median its 10-year median of 6.04)
  • GF Value™: NT$29.13 vs. price of NT$40.70 (39.7% above fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 182.4% above the Banks median (#1250 of 1299)

No single metric tells the full story. See the TPE:2880 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hua Nan Financial Holdings Co Business Description

Address No. 123, Songren Road, Xinyi District, Taipei, TWN, 110
Hua Nan Financial Holdings Co Ltd is a financial services group in Taiwan. The company has multiple subsidiaries that operate in financial businesses such as banking, trading, insurance, investments & trusts, asset management, and venture capital. Its segments include: Bank Division; Securities Division; Insurance Division; and Other Divisions. Geographically, the company operates in Taiwan; and Others, of which it derives maximum revenue from Taiwan.
73GF Score

Get the complete analysis for TPE:2880

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

NT$40.70
Price
NT$29.13
GF Value