Tong Hsing Electronic Industries (TPE:6271) Cyclically Adjusted PS Ratio: 3.27 (As of Sep. 16, 2026) — 33% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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:6271 Tong Hsing Electronic Industries Ltd TPE:6271
76 GF Score
Price NT$221.00
GF Value NT$139.60
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Tong Hsing Electronic Industries Cyclically Adjusted PS Ratio?

Tong Hsing Electronic Industries TPE:6271 +0.45% 76 Cyclically Adjusted PS Ratio is 3.27 as of Sep. 16, 2026, which is 33% above its 10-year median of 2.45. GuruFocus rates TPE:6271 with a GF Score™ of 76/100 and a GF Value™ of NT$139.60 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 736 Semiconductors companies, Tong Hsing Electronic Industries ranks worse than 52.17% on this metric.

As of today (2026-09-16), Tong Hsing Electronic Industries's current share price is NT$221.00. Tong Hsing Electronic Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$67.58. Tong Hsing Electronic Industries's Cyclically Adjusted PS Ratio for today is 3.27.

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

TPE:6271' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.45   Max: 4.47
Current: 3.36

During the past years, Tong Hsing Electronic Industries's highest Cyclically Adjusted PS Ratio was 4.47. The lowest was 1.46. And the median was 2.45.

TPE:6271's Cyclically Adjusted PS Ratio is ranked worse than
52.17% of 736 companies
in the Semiconductors industry
Industry Median: 3.15 vs TPE:6271: 3.36

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.

Tong Hsing Electronic Industries's adjusted revenue per share data for the three months ended in Jun. 2026 was NT$15.066. 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$67.58 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tong Hsing Electronic Industries  (TPE:6271) 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.


Tong Hsing Electronic Industries Cyclically Adjusted PS Ratio Related Terms


Tong Hsing Electronic Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tong Hsing Electronic Industries'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.

Tong Hsing Electronic Industries Cyclically Adjusted PS Ratio Chart

Tong Hsing Electronic Industries 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 4.28 2.33 2.48 2.18 2.08

Tong Hsing Electronic Industries 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 1.60 1.74 2.01 2.09 3.95

TPE:6271 vs LRCX, AMAT, KLAC: Cyclically Adjusted PS Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Tong Hsing Electronic Industries'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.


Tong Hsing Electronic Industries Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Tong Hsing Electronic Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tong Hsing Electronic Industries's Cyclically Adjusted PS Ratio falls into.


TPE:6271
76GF Score
Tong Hsing Electronic Industries Ltd TPE:6271
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tong Hsing Electronic Industries 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.

Tong Hsing Electronic Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=221.00/67.578
=3.27

* 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.

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

For example, Tong Hsing Electronic Industries'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)
=15.066/333.9520*333.9520
=15.066

Current CPI (Jun. 2026) = 333.9520.

Tong Hsing Electronic Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 13.095 241.428 18.113
201612 12.879 241.432 17.814
201703 11.632 243.801 15.933
201706 12.301 244.955 16.770
201709 14.311 246.819 19.363
201712 13.512 246.524 18.304
201803 11.746 249.554 15.718
201806 12.014 251.989 15.922
201809 13.703 252.439 18.128
201812 13.037 251.233 17.329
201903 10.998 254.202 14.448
201906 12.445 256.143 16.225
201909 13.012 256.759 16.924
201912 14.231 256.974 18.494
202003 13.294 258.115 17.200
202006 13.317 257.797 17.251
202009 13.733 260.280 17.620
202012 15.745 260.474 20.187
202103 14.982 264.877 18.889
202106 16.400 271.696 20.158
202109 18.011 274.310 21.927
202112 16.657 278.802 19.952
202203 16.499 287.504 19.165
202206 17.173 296.311 19.355
202209 17.627 296.808 19.833
202212 15.584 296.797 17.535
202303 13.784 301.836 15.251
202306 13.584 305.109 14.868
202309 12.731 307.789 13.813
202312 15.111 306.746 16.451
202403 14.174 312.332 15.155
202406 14.652 314.175 15.574
202409 14.627 315.301 15.492
202412 14.177 315.605 15.001
202503 13.854 319.799 14.467
202506 14.165 322.561 14.665
202509 13.596 324.800 13.979
202512 13.421 324.054 13.831
202603 13.454 330.213 13.606
202606 15.066 333.952 15.066

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 3.27 mean?
Tong Hsing Electronic Industries (TPE:6271) has a Cyclically Adjusted PS Ratio of 3.27 as of Sep. 16, 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 Tong Hsing Electronic Industries and its competitors. This is 33% above median its historical median of 2.45. Over the past decade, Tong Hsing Electronic Industries' Cyclically Adjusted PS Ratio has ranged from 1.46 to 4.47. According to the industry distribution chart, Tong Hsing Electronic Industries ranks #384 out of 736 companies in the Semiconductors industry, placing it in the top 52.2%.
Is Tong Hsing Electronic Industries' Cyclically Adjusted PS Ratio too high?
Tong Hsing Electronic Industries' current Cyclically Adjusted PS Ratio of 3.27 is 33% above median its 10-year median of 2.45. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 4.47. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.15. Tong Hsing Electronic Industries' value of 3.27 is 3.8% above this industry median. Based on the distribution chart, Tong Hsing Electronic Industries ranks #384 out of 736 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Tong Hsing Electronic Industries has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tong Hsing Electronic Industries' Cyclically Adjusted PS Ratio compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Tong Hsing Electronic Industries ranks #384 out of 736 companies for Cyclically Adjusted PS Ratio. This places Tong Hsing Electronic Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.15. Tong Hsing Electronic Industries' value of 3.27 is 3.8% above this benchmark. Historically, Tong Hsing Electronic Industries' own Cyclically Adjusted PS Ratio has ranged from 1.46 to 4.47 over the past decade. While the company's 10-year median is 2.45 vs. the industry median of 3.15, Tong Hsing Electronic Industries 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 Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.15, based on 736 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. Tong Hsing Electronic Industries's current Cyclically Adjusted PS Ratio of 3.27 is 3.8% 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 Tong Hsing Electronic Industries and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Hsing Electronic Industries's current Cyclically Adjusted PS Ratio is 3.27, which is 33% above median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Hsing Electronic Industries stock overvalued right now?
Based on GuruFocus' analysis, Tong Hsing Electronic Industries (TPE:6271) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$139.60, compared to a current price of NT$221.00 — trading 58.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.27, which is 33% above median its 10-year median of 2.45 and 3.8% above the Semiconductors industry median of 3.15. Tong Hsing Electronic Industries' overall GF Score™ is 76/100 with 3 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 Tong Hsing Electronic Industries (TPE:6271), the current Cyclically Adjusted PS Ratio is 3.27 as of Sep. 16, 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 Tong Hsing Electronic Industries (TPE:6271) Overvalued in 2026?

Based on GuruFocus' analysis, Tong Hsing Electronic Industries stock appears to be overvalued. The current stock price of NT$221.00 is trading 58.3% above its estimated GF Value™ of NT$139.60. GuruFocus considers Tong Hsing Electronic Industries to be Significantly Overvalued.

Key valuation signals for TPE:6271:

  • Cyclically Adjusted PS Ratio: 3.27 (33% above median its 10-year median of 2.45)
  • GF Value™: NT$139.60 vs. price of NT$221.00 (58.3% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 3.8% above the Semiconductors median (#384 of 736)

No single metric tells the full story. See the TPE:6271 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tong Hsing Electronic Industries Business Description

Address No. 88, Lane 1125, Heping Road, Bade District, Taoyuan, TWN
Tong Hsing Electronic Industries Ltd is a Taiwan-based company principally engaged in the manufacture and sale of RF modules, ceramic metalized substrate, hybrid modules & specialty packaging, and image products. The company generates the majority of its revenue from overseas markets, including Japan, Singapore, Malaysia, the United States, Switzerland, China, and Others. Its core product offerings include Image products, Hybrid modules and specialty packaging, Ceramic metalized substrate, RF module, and others.
76GF Score

Get the complete analysis for TPE:6271

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

NT$221.00
Price
NT$139.60
GF Value