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CTBC Financial Holding Co (TPE:2891) Cyclically Adjusted PS Ratio : 2.96 (As of May. 25, 2025)


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What is CTBC Financial Holding Co Cyclically Adjusted PS Ratio?

As of today (2025-05-25), CTBC Financial Holding Co's current share price is NT$42.80. CTBC Financial Holding Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was NT$14.48. CTBC Financial Holding Co's Cyclically Adjusted PS Ratio for today is 2.96.

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

TPE:2891' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.37   Med: 1.83   Max: 2.96
Current: 2.95

During the past years, CTBC Financial Holding Co's highest Cyclically Adjusted PS Ratio was 2.96. The lowest was 1.37. And the median was 1.83.

TPE:2891's Cyclically Adjusted PS Ratio is ranked worse than
55.59% of 1243 companies
in the Banks industry
Industry Median: 2.7 vs TPE:2891: 2.95

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.

CTBC Financial Holding Co's adjusted revenue per share data for the three months ended in Mar. 2025 was NT$3.370. 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$14.48 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


CTBC Financial Holding Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CTBC Financial Holding 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.

* Premium members only.

CTBC Financial Holding Co Cyclically Adjusted PS Ratio Chart

CTBC Financial Holding Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.63 1.94 1.55 1.96 2.72

CTBC Financial Holding Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.22 2.59 2.37 2.72 2.72

Competitive Comparison of CTBC Financial Holding Co's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, CTBC Financial Holding 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.


CTBC Financial Holding Co's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where CTBC Financial Holding Co's Cyclically Adjusted PS Ratio falls into.


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CTBC Financial Holding 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.

CTBC Financial Holding Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=42.80/14.48
=2.96

* 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.

CTBC Financial Holding Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, CTBC Financial Holding Co's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.37/134.9266*134.9266
=3.370

Current CPI (Mar. 2025) = 134.9266.

CTBC Financial Holding Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 2.579 100.684 3.456
201509 2.491 100.392 3.348
201512 3.479 99.792 4.704
201603 3.878 100.470 5.208
201606 3.897 101.688 5.171
201609 4.310 101.861 5.709
201612 4.324 101.863 5.728
201703 4.818 102.862 6.320
201706 3.877 103.349 5.062
201709 4.563 104.136 5.912
201712 4.642 104.011 6.022
201803 3.891 105.290 4.986
201806 3.549 106.317 4.504
201809 4.341 106.507 5.499
201812 4.326 105.998 5.507
201903 4.094 107.251 5.150
201906 2.260 108.070 2.822
201909 3.531 108.329 4.398
201912 3.380 108.420 4.206
202003 3.234 108.902 4.007
202006 1.984 108.767 2.461
202009 2.579 109.815 3.169
202012 1.780 109.897 2.185
202103 2.443 111.754 2.950
202106 1.892 114.631 2.227
202109 2.390 115.734 2.786
202112 2.542 117.630 2.916
202203 3.259 121.301 3.625
202206 2.004 125.017 2.163
202209 2.177 125.227 2.346
202212 -0.014 125.222 -0.015
202303 1.238 127.348 1.312
202306 2.029 128.729 2.127
202309 2.170 129.860 2.255
202312 1.236 129.419 1.289
202403 2.734 131.776 2.799
202406 2.091 132.554 2.128
202409 2.553 133.029 2.589
202412 2.412 133.157 2.444
202503 3.370 134.927 3.370

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.


CTBC Financial Holding Co  (TPE:2891) 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.


CTBC Financial Holding Co Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of CTBC Financial Holding Co's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


CTBC Financial Holding Co Business Description

Traded in Other Exchanges
Address
No. 168, Jingmao 2nd Road, 27th and 29th Floor, Nangang District, Taipei, TWN, 115
CTBC Financial Holding Co Ltd is a diversified financial services holding company. The company's segment includes Institutional banking, Retail banking, Life insurance, and others. It generates maximum revenue from the Institutional banking segment. The operating activities of Institutional Banking are commercial banking and capital market activities, which provide clients with flexible and tailor-made financing services and the design, supply, and proprietary trading of various financial products. Geographically, it derives a majority of its revenue from Taiwan.

CTBC Financial Holding Co Headlines

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