Tonlin Department Store Co (TPE:2910) Cyclically Adjusted PS Ratio: 6.81 (As of Jul. 30, 2026) — Near Median

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TPE:2910 Tonlin Department Store Co Ltd TPE:2910
73 GF Score
Price NT$26.00
GF Value NT$19.87
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Tonlin Department Store Co Cyclically Adjusted PS Ratio?

Tonlin Department Store Co TPE:2910 +7.44% 73 Cyclically Adjusted PS Ratio is 6.81 as of Jul. 30, 2026, which is 3% above its 10-year median of 6.64. GuruFocus rates TPE:2910 with a GF Score™ of 73/100 and a GF Value™ of NT$19.87 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 792 Retail - Cyclical companies, Tonlin Department Store Co ranks worse than 96.21% on this metric.

As of today (2026-07-30), Tonlin Department Store Co's current share price is NT$26.00. Tonlin Department Store Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$3.82. Tonlin Department Store Co's Cyclically Adjusted PS Ratio for today is 6.81.

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

TPE:2910' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.13   Med: 6.64   Max: 11.09
Current: 6.34

During the past years, Tonlin Department Store Co's highest Cyclically Adjusted PS Ratio was 11.09. The lowest was 4.13. And the median was 6.64.

TPE:2910's Cyclically Adjusted PS Ratio is ranked worse than
96.21% of 792 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs TPE:2910: 6.34

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.

Tonlin Department Store Co's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$0.764. 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$3.82 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tonlin Department Store Co  (TPE:2910) 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.


Tonlin Department Store Co Cyclically Adjusted PS Ratio Related Terms


Tonlin Department Store Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tonlin Department Store 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.

Tonlin Department Store Co Cyclically Adjusted PS Ratio Chart

Tonlin Department Store 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 10.01 7.29 6.72 5.80 5.45

Tonlin Department Store Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.92 5.64 5.41 5.45 5.50

TPE:2910 vs DDS, M: Cyclically Adjusted PS Ratio Comparison

For the Department Stores subindustry, Tonlin Department Store 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.


Tonlin Department Store Co Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tonlin Department Store Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tonlin Department Store Co's Cyclically Adjusted PS Ratio falls into.


TPE:2910
73GF Score
Tonlin Department Store Co Ltd TPE:2910
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tonlin Department Store 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.

Tonlin Department Store Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.00/3.82
=6.81

* 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.

Tonlin Department Store Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tonlin Department Store Co's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.764/330.2130*330.2130
=0.764

Current CPI (Mar. 2026) = 330.2130.

Tonlin Department Store Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.015 241.018 1.391
201609 0.752 241.428 1.029
201612 1.223 241.432 1.673
201703 0.614 243.801 0.832
201706 0.368 244.955 0.496
201709 0.293 246.819 0.392
201712 0.327 246.524 0.438
201803 0.693 249.554 0.917
201806 0.560 251.989 0.734
201809 0.447 252.439 0.585
201812 0.908 251.233 1.193
201903 0.680 254.202 0.883
201906 0.947 256.143 1.221
201909 0.755 256.759 0.971
201912 1.227 256.974 1.577
202003 0.710 258.115 0.908
202006 0.591 257.797 0.757
202009 0.760 260.280 0.964
202012 1.107 260.474 1.403
202103 1.165 264.877 1.452
202106 0.546 271.696 0.664
202109 0.687 274.310 0.827
202112 0.645 278.802 0.764
202203 1.076 287.504 1.236
202206 0.639 296.311 0.712
202209 1.196 296.808 1.331
202212 1.105 296.797 1.229
202303 0.651 301.836 0.712
202306 1.081 305.109 1.170
202309 0.692 307.789 0.742
202312 1.495 306.746 1.609
202403 0.745 312.332 0.788
202406 1.145 314.175 1.203
202409 0.718 315.301 0.752
202412 0.843 315.605 0.882
202503 0.733 319.799 0.757
202506 0.697 322.561 0.714
202509 0.757 324.800 0.770
202512 0.740 324.054 0.754
202603 0.764 330.213 0.764

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 6.81 mean?
Tonlin Department Store Co (TPE:2910) has a Cyclically Adjusted PS Ratio of 6.81 as of Jul. 30, 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 Tonlin Department Store Co and its competitors. This is near median its historical median of 6.64. Over the past decade, Tonlin Department Store Co's Cyclically Adjusted PS Ratio has ranged from 4.13 to 11.09. According to the industry distribution chart, Tonlin Department Store Co ranks #762 out of 792 companies in the Retail - Cyclical industry, placing it in the top 96.2%.
Is Tonlin Department Store Co's Cyclically Adjusted PS Ratio too high?
Tonlin Department Store Co's current Cyclically Adjusted PS Ratio of 6.81 is near median its 10-year median of 6.64. Over the past 10 years, this metric has ranged from a low of 4.13 to a high of 11.09. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. Tonlin Department Store Co's value of 6.81 is 1289.8% above this industry median. Based on the distribution chart, Tonlin Department Store Co ranks #762 out of 792 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Tonlin Department Store 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 Tonlin Department Store Co's Cyclically Adjusted PS Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Tonlin Department Store Co ranks #762 out of 792 companies for Cyclically Adjusted PS Ratio. This places Tonlin Department Store Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.49. Tonlin Department Store Co's value of 6.81 is 1289.8% above this benchmark. Historically, Tonlin Department Store Co's own Cyclically Adjusted PS Ratio has ranged from 4.13 to 11.09 over the past decade. While the company's 10-year median is 6.64 vs. the industry median of 0.49, Tonlin Department Store 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.49, based on 792 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. Tonlin Department Store Co's current Cyclically Adjusted PS Ratio of 6.81 is 1289.8% 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 Tonlin Department Store Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tonlin Department Store Co's current Cyclically Adjusted PS Ratio is 6.81, which is near median its own 10-year median of 6.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tonlin Department Store Co stock overvalued right now?
Based on GuruFocus' analysis, Tonlin Department Store Co (TPE:2910) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$19.87, compared to a current price of NT$26.00 — trading 30.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.81, which is near median its 10-year median of 6.64 and 1289.8% above the Retail - Cyclical industry median of 0.49. Tonlin Department Store Co's overall GF Score™ is 73/100 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 Tonlin Department Store Co (TPE:2910), the current Cyclically Adjusted PS Ratio is 6.81 as of Jul. 30, 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 Tonlin Department Store Co (TPE:2910) Overvalued in 2026?

Based on GuruFocus' analysis, Tonlin Department Store Co stock appears to be overvalued. The current stock price of NT$26.00 is trading 30.9% above its estimated GF Value™ of NT$19.87. GuruFocus considers Tonlin Department Store Co to be Significantly Overvalued.

Key valuation signals for TPE:2910:

  • Cyclically Adjusted PS Ratio: 6.81 (near median its 10-year median of 6.64)
  • GF Value™: NT$19.87 vs. price of NT$26.00 (30.9% above fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 1289.8% above the Retail - Cyclical median (#762 of 792)

No single metric tells the full story. See the TPE:2910 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tonlin Department Store Co Business Description

Address Zhongxiao East Road, 10th Floor-6, No.197, Section 4, Taipei, TWN
Tonlin Department Store Co Ltd operates department stores offering men's and women's apparel and accessories, food, gifts, and general merchandise, among others. The reporting segments for the company are: Department store and Construction segment. Maximum revenue is generated from the Department store segment.
73GF Score

Get the complete analysis for TPE:2910

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

NT$26.00
Price
NT$19.87
GF Value