Lumax International (TPE:6192) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:6192 Lumax International Corp Ltd TPE:6192
94 GF Score
Price NT$110.50
GF Value NT$112.38
Valuation Fairly Valued
! 3 Warning Signs
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What is Lumax International Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lumax International  (TPE:6192) 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.


Lumax International Cyclically Adjusted PS Ratio Related Terms


Lumax International Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Lumax International'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.

Lumax International Cyclically Adjusted PS Ratio Chart

Lumax International 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 1.25 1.00 1.28 1.60 1.47

Lumax International 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 1.32 1.38 1.45 1.51 1.59

TPE:6192 vs GWW, FAST, FERG: Cyclically Adjusted PS Ratio Comparison

For the Industrial Distribution subindustry, Lumax International'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.


Lumax International Cyclically Adjusted PS Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Lumax International's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:6192
94GF Score
Lumax International Corp Ltd TPE:6192
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Lumax International 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.

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

For example, Lumax International'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)
=21.251/333.9520*333.9520
=21.251

Current CPI (Jun. 2026) = 333.9520.

Lumax International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 12.158 241.428 16.817
201612 13.433 241.432 18.581
201703 11.695 243.801 16.019
201706 11.049 244.955 15.063
201709 11.099 246.819 15.017
201712 11.643 246.524 15.772
201803 13.220 249.554 17.691
201806 14.042 251.989 18.609
201809 15.657 252.439 20.713
201812 16.072 251.233 21.364
201903 15.126 254.202 19.871
201906 17.635 256.143 22.992
201909 17.188 256.759 22.355
201912 14.519 256.974 18.868
202003 14.182 258.115 18.349
202006 15.614 257.797 20.226
202009 15.942 260.280 20.454
202012 15.342 260.474 19.670
202103 15.073 264.877 19.004
202106 15.658 271.696 19.246
202109 16.472 274.310 20.053
202112 17.340 278.802 20.770
202203 16.490 287.504 19.154
202206 16.702 296.311 18.824
202209 16.239 296.808 18.271
202212 16.965 296.797 19.089
202303 15.575 301.836 17.232
202306 18.209 305.109 19.930
202309 17.385 307.789 18.863
202312 18.321 306.746 19.946
202403 18.502 312.332 19.783
202406 18.921 314.175 20.112
202409 20.588 315.301 21.806
202412 22.653 315.605 23.970
202503 18.629 319.799 19.453
202506 18.960 322.561 19.630
202509 17.560 324.800 18.055
202512 20.966 324.054 21.606
202603 18.514 330.213 18.724
202606 21.251 333.952 21.251

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.

Is Lumax International (TPE:6192) Overvalued in 2026?

Based on GuruFocus' analysis, Lumax International stock appears to be undervalued. The current stock price of NT$110.50 is trading 1.7% below its estimated GF Value™ of NT$112.38. GuruFocus considers Lumax International to be Fairly Valued.

Key valuation signals for TPE:6192:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$112.38 vs. price of NT$110.50 (1.7% below fair value)
  • GF Score™: 94/100 with 3 warning signs

No single metric tells the full story. See the TPE:6192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lumax International Business Description

Address Yuanyuan Street, No. 3-1, 12th Floor, NanKang Software Park, Nangang District, Taipei, TWN, 115603
Lumax International Corp Ltd is engaged in the trading of electronic components and process control equipment, the integration of process control systems, and the provision of related maintenance services. It provides goods or services in the following reportable segments: Process control instrument - department A; Process control system - department B; Telecommunication system - department C; Electronics component - department D; and Other process control - department CN. Maximum revenue is derived from the Process control division, which provides hardware products for calibration, inspection, and maintenance of control valves, switch valves, measurement instruments, analyzing instruments, etc. Geographically, it generates maximum revenue from Taiwan, followed by China, and other markets.
94GF Score

Get the complete analysis for TPE:6192

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

NT$110.50
Price
NT$112.38
GF Value