Excelsior Medical Co (TPE:4104) Cyclically Adjusted PS Ratio: 1.38 (As of Aug. 03, 2026) — Near Median

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TPE:4104 Excelsior Medical Co Ltd TPE:4104
87 GF Score
Price NT$70.00
GF Value NT$87.68
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Excelsior Medical Co Cyclically Adjusted PS Ratio?

Excelsior Medical Co TPE:4104 -1.13% 87 Cyclically Adjusted PS Ratio is 1.38 as of Aug. 03, 2026, which is 1% above its 10-year median of 1.37. GuruFocus rates TPE:4104 with a GF Score™ of 87/100 and a GF Value™ of NT$87.68 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 88 Medical Distribution companies, Excelsior Medical Co ranks worse than 85.23% on this metric.

As of today (2026-08-03), Excelsior Medical Co's current share price is NT$70.00. Excelsior Medical Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$50.60. Excelsior Medical Co's Cyclically Adjusted PS Ratio for today is 1.38.

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

TPE:4104' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.9   Med: 1.37   Max: 1.8
Current: 1.4

During the past years, Excelsior Medical Co's highest Cyclically Adjusted PS Ratio was 1.80. The lowest was 0.90. And the median was 1.37.

TPE:4104's Cyclically Adjusted PS Ratio is ranked worse than
85.23% of 88 companies
in the Medical Distribution industry
Industry Median: 0.34 vs TPE:4104: 1.40

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.

Excelsior Medical Co's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$12.749. 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$50.60 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Excelsior Medical Co  (TPE:4104) 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.


Excelsior Medical Co Cyclically Adjusted PS Ratio Related Terms


Excelsior Medical Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Excelsior Medical 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.

Excelsior Medical Co Cyclically Adjusted PS Ratio Chart

Excelsior Medical 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 1.03 1.22 1.64 1.64 1.62

Excelsior Medical 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 1.66 1.59 1.69 1.62 1.52

TPE:4104 vs MCK, COR, CAH: Cyclically Adjusted PS Ratio Comparison

For the Medical Distribution subindustry, Excelsior Medical 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.


Excelsior Medical Co Cyclically Adjusted PS Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Excelsior Medical Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:4104
87GF Score
Excelsior Medical Co Ltd TPE:4104
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Excelsior Medical 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.

Excelsior Medical Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=70.00/50.60
=1.38

* 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.

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

For example, Excelsior Medical 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)
=12.749/330.2130*330.2130
=12.749

Current CPI (Mar. 2026) = 330.2130.

Excelsior Medical Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 9.687 241.018 13.272
201609 9.675 241.428 13.233
201612 9.983 241.432 13.654
201703 9.237 243.801 12.511
201706 9.476 244.955 12.774
201709 9.440 246.819 12.630
201712 9.751 246.524 13.061
201803 9.645 249.554 12.762
201806 9.792 251.989 12.832
201809 9.909 252.439 12.962
201812 10.606 251.233 13.940
201903 10.035 254.202 13.036
201906 9.766 256.143 12.590
201909 10.120 256.759 13.015
201912 10.678 256.974 13.721
202003 10.033 258.115 12.835
202006 9.144 257.797 11.713
202009 9.644 260.280 12.235
202012 9.501 260.474 12.045
202103 9.298 264.877 11.591
202106 8.999 271.696 10.937
202109 9.012 274.310 10.849
202112 12.551 278.802 14.865
202203 9.749 287.504 11.197
202206 9.539 296.311 10.630
202209 10.508 296.808 11.691
202212 11.181 296.797 12.440
202303 11.457 301.836 12.534
202306 11.570 305.109 12.522
202309 11.559 307.789 12.401
202312 12.452 306.746 13.405
202403 11.669 312.332 12.337
202406 12.391 314.175 13.024
202409 11.786 315.301 12.343
202412 12.980 315.605 13.581
202503 12.894 319.799 13.314
202506 12.456 322.561 12.751
202509 12.570 324.800 12.779
202512 12.986 324.054 13.233
202603 12.749 330.213 12.749

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 1.38 mean?
Excelsior Medical Co (TPE:4104) has a Cyclically Adjusted PS Ratio of 1.38 as of Aug. 03, 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 Excelsior Medical Co and its competitors. This is near median its historical median of 1.37. Over the past decade, Excelsior Medical Co's Cyclically Adjusted PS Ratio has ranged from 0.90 to 1.80. According to the industry distribution chart, Excelsior Medical Co ranks #75 out of 88 companies in the Medical Distribution industry, placing it in the top 85.2%.
Is Excelsior Medical Co's Cyclically Adjusted PS Ratio too high?
Excelsior Medical Co's current Cyclically Adjusted PS Ratio of 1.38 is near median its 10-year median of 1.37. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 1.80. The Medical Distribution industry median Cyclically Adjusted PS Ratio is 0.34. Excelsior Medical Co's value of 1.38 is 305.9% above this industry median. Based on the distribution chart, Excelsior Medical Co ranks #75 out of 88 companies in the Medical Distribution industry, which is in the bottom quartile relative to peers. Overall, Excelsior Medical Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Excelsior Medical Co's Cyclically Adjusted PS Ratio compare to MCK and COR?
According to the Medical Distribution industry distribution chart, Excelsior Medical Co ranks #75 out of 88 companies for Cyclically Adjusted PS Ratio. This places Excelsior Medical Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.34. Excelsior Medical Co's value of 1.38 is 305.9% above this benchmark. Historically, Excelsior Medical Co's own Cyclically Adjusted PS Ratio has ranged from 0.90 to 1.80 over the past decade. While the company's 10-year median is 1.37 vs. the industry median of 0.34, Excelsior Medical 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 Medical Distribution company?
The median Cyclically Adjusted PS Ratio among Medical Distribution companies is 0.34, based on 88 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. Excelsior Medical Co's current Cyclically Adjusted PS Ratio of 1.38 is 305.9% 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 Excelsior Medical Co and its competitors. For the Medical Distribution industry, the median Cyclically Adjusted PS Ratio is 0.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Excelsior Medical Co's current Cyclically Adjusted PS Ratio is 1.38, which is near median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excelsior Medical Co stock overvalued right now?
Based on GuruFocus' analysis, Excelsior Medical Co (TPE:4104) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$87.68, compared to a current price of NT$70.00 — trading 20.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.38, which is near median its 10-year median of 1.37 and 305.9% above the Medical Distribution industry median of 0.34. Excelsior Medical Co's overall GF Score™ is 87/100 with 5 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 Excelsior Medical Co (TPE:4104), the current Cyclically Adjusted PS Ratio is 1.38 as of Aug. 03, 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 Excelsior Medical Co (TPE:4104) Overvalued in 2026?

Based on GuruFocus' analysis, Excelsior Medical Co stock appears to be undervalued. The current stock price of NT$70.00 is trading 20.2% below its estimated GF Value™ of NT$87.68. GuruFocus considers Excelsior Medical Co to be Modestly Undervalued.

Key valuation signals for TPE:4104:

  • Cyclically Adjusted PS Ratio: 1.38 (near median its 10-year median of 1.37)
  • GF Value™: NT$87.68 vs. price of NT$70.00 (20.2% below fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 305.9% above the Medical Distribution median (#75 of 88)

No single metric tells the full story. See the TPE:4104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Excelsior Medical Co Business Description

Address Zhongzheng Road, No. 880, 17th Floor, Zhonghe District, New Taipei City, TWN, 235
Excelsior Medical Co Ltd is engaged in the sale of medical supplies and medicines, home medical devices, and medical equipment with brand names of local and foreign manufacturers. Its product offerings include Fasflo hollow fiber dialyzer, Renabio sodium chloride injection, acid concentrates, Sunder blood purification tubing set, JMS blood bags, etc. The Group's reportable segments include Excelsior, Dynamic, Arich, and Others. Maximum revenue is generated from the Excelsior segment. Geographically, it derives key revenue from Taiwan and also has a presence in Hong Kong, China, the Philippines, Malaysia, and Indonesia.
87GF Score

Get the complete analysis for TPE:4104

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

NT$70.00
Price
NT$87.68
GF Value