Coremax (TPE:4739) Cyclically Adjusted PS Ratio: 1.16 (As of Aug. 24, 2026) — Near Median

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TPE:4739 Coremax Corp TPE:4739
65 GF Score
Price NT$84.00
GF Value NT$103.80
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Coremax Cyclically Adjusted PS Ratio?

Coremax TPE:4739 +0.84% 65 Cyclically Adjusted PS Ratio is 1.16 as of Aug. 24, 2026, which is 5% above its 10-year median of 1.10. GuruFocus rates TPE:4739 with a GF Score™ of 65/100 and a GF Value™ of NT$103.80 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,274 Chemicals companies, Coremax ranks better than 54.4% on this metric.

As of today (2026-08-24), Coremax's current share price is NT$84.00. Coremax's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$72.57. Coremax's Cyclically Adjusted PS Ratio for today is 1.16.

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

TPE:4739' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.1   Max: 2.78
Current: 1.16

During the past years, Coremax's highest Cyclically Adjusted PS Ratio was 2.78. The lowest was 0.53. And the median was 1.10.

TPE:4739's Cyclically Adjusted PS Ratio is ranked better than
54.4% of 1274 companies
in the Chemicals industry
Industry Median: 1.33 vs TPE:4739: 1.16

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.

Coremax's adjusted revenue per share data for the three months ended in Jun. 2026 was NT$22.644. 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$72.57 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coremax  (TPE:4739) 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.


Coremax Cyclically Adjusted PS Ratio Related Terms


Coremax Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Coremax'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.

Coremax Cyclically Adjusted PS Ratio Chart

Coremax 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 2.35 1.33 1.11 0.77 0.94

Coremax Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.74 0.99 0.94 1.09 1.58

TPE:4739 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Coremax'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.


Coremax Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Coremax's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:4739
65GF Score
Coremax Corp TPE:4739
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coremax 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.

Coremax's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=84.00/72.57
=1.16

* 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.

Coremax's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Coremax's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=22.644/333.9520*333.9520
=22.644

Current CPI (Jun. 2026) = 333.9520.

Coremax Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 12.376 241.428 17.119
201612 11.438 241.432 15.821
201703 14.321 243.801 19.617
201706 12.748 244.955 17.380
201709 14.768 246.819 19.981
201712 15.363 246.524 20.811
201803 18.206 249.554 24.363
201806 17.533 251.989 23.236
201809 18.637 252.439 24.655
201812 16.310 251.233 21.680
201903 16.311 254.202 21.428
201906 15.749 256.143 20.533
201909 17.804 256.759 23.157
201912 18.610 256.974 24.185
202003 14.551 258.115 18.826
202006 11.957 257.797 15.489
202009 15.514 260.280 19.905
202012 14.393 260.474 18.453
202103 17.322 264.877 21.839
202106 18.091 271.696 22.236
202109 18.810 274.310 22.900
202112 18.430 278.802 22.076
202203 21.946 287.504 25.492
202206 25.132 296.311 28.325
202209 19.791 296.808 22.268
202212 14.389 296.797 16.190
202303 14.452 301.836 15.990
202306 13.305 305.109 14.563
202309 10.770 307.789 11.685
202312 9.268 306.746 10.090
202403 8.758 312.332 9.364
202406 8.977 314.175 9.542
202409 8.068 315.301 8.545
202412 7.397 315.605 7.827
202503 8.829 319.799 9.220
202506 13.077 322.561 13.539
202509 14.147 324.800 14.546
202512 12.237 324.054 12.611
202603 17.332 330.213 17.528
202606 22.644 333.952 22.644

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 1.16 mean?
Coremax (TPE:4739) has a Cyclically Adjusted PS Ratio of 1.16 as of Aug. 24, 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 Coremax and its competitors. This is near median its historical median of 1.10. Over the past decade, Coremax's Cyclically Adjusted PS Ratio has ranged from 0.53 to 2.78. According to the industry distribution chart, Coremax ranks #581 out of 1274 companies in the Chemicals industry, placing it in the top 45.6%.
Is Coremax's Cyclically Adjusted PS Ratio too high?
Coremax's current Cyclically Adjusted PS Ratio of 1.16 is near median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 2.78. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.33. Coremax's value of 1.16 is 12.8% below this industry median. Based on the distribution chart, Coremax ranks #581 out of 1274 companies in the Chemicals industry, which is above the industry midpoint. Overall, Coremax has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Coremax's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Coremax ranks #581 out of 1274 companies for Cyclically Adjusted PS Ratio. This puts Coremax in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.33. Coremax's value of 1.16 is 12.8% below this benchmark. Historically, Coremax's own Cyclically Adjusted PS Ratio has ranged from 0.53 to 2.78 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 1.33, Coremax 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 a Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.33, based on 1,274 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. Coremax's current Cyclically Adjusted PS Ratio of 1.16 is 12.8% 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 Coremax and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coremax's current Cyclically Adjusted PS Ratio is 1.16, which is near median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coremax stock overvalued right now?
Based on GuruFocus' analysis, Coremax (TPE:4739) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$103.80, compared to a current price of NT$84.00 — trading 19.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.16, which is near median its 10-year median of 1.10 and 12.8% below the Chemicals industry median of 1.33. Coremax's overall GF Score™ is 65/100 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 Coremax (TPE:4739), the current Cyclically Adjusted PS Ratio is 1.16 as of Aug. 24, 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 Coremax (TPE:4739) Overvalued in 2026?

Based on GuruFocus' analysis, Coremax stock appears to be undervalued. The current stock price of NT$84.00 is trading 19.1% below its estimated GF Value™ of NT$103.80. GuruFocus considers Coremax to be Modestly Undervalued.

Key valuation signals for TPE:4739:

  • Cyclically Adjusted PS Ratio: 1.16 (near median its 10-year median of 1.10)
  • GF Value™: NT$103.80 vs. price of NT$84.00 (19.1% below fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 12.8% below the Chemicals median (#581 of 1274)

No single metric tells the full story. See the TPE:4739 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Coremax Business Description

Address 11 Wenhua Road, Hsinchu Industrial Park, Hsinchu County, TWN, 30352
Coremax Corp is engaged in the manufacturing, sales, import, and export of oxidation catalysts, battery materials, chemical fertilizers, and specialty chemicals. The company operates in Oxidation catalyst department; Battery material department; Chemical fertilizers department; and Specialty chemical department. Geographically, the company generates its revenue from Taiwan and the rest from China and other regions.
65GF Score

Get the complete analysis for TPE:4739

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

NT$84.00
Price
NT$103.80
GF Value