Taiwan Cogeneration (TPE:8926) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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.
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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:8926 Taiwan Cogeneration Corp TPE:8926
72 GF Score
Price NT$59.80
GF Value NT$198.95
Valuation Possible Value Trap
! 5 Warning Signs
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What is Taiwan Cogeneration Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Cogeneration  (TPE:8926) 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.


Taiwan Cogeneration Cyclically Adjusted PS Ratio Related Terms


Taiwan Cogeneration Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Taiwan Cogeneration'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.

Taiwan Cogeneration Cyclically Adjusted PS Ratio Chart

Taiwan Cogeneration 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 5.27 4.21 5.45 4.90 4.32

Taiwan Cogeneration 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 4.86 5.11 4.30 3.84 5.46

TPE:8926 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Taiwan Cogeneration'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.


Taiwan Cogeneration Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Taiwan Cogeneration's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:8926
72GF Score
Taiwan Cogeneration Corp TPE:8926
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Cogeneration 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.

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

For example, Taiwan Cogeneration'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)
=26.788/333.9520*333.9520
=26.788

Current CPI (Jun. 2026) = 333.9520.

Taiwan Cogeneration Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.495 241.428 0.685
201612 0.363 241.432 0.502
201703 0.312 243.801 0.427
201706 0.450 244.955 0.613
201709 0.562 246.819 0.760
201712 0.511 246.524 0.692
201803 1.156 249.554 1.547
201806 1.510 251.989 2.001
201809 2.231 252.439 2.951
201812 0.790 251.233 1.050
201903 0.811 254.202 1.065
201906 1.840 256.143 2.399
201909 2.858 256.759 3.717
201912 5.144 256.974 6.685
202003 3.870 258.115 5.007
202006 3.416 257.797 4.425
202009 3.073 260.280 3.943
202012 3.456 260.474 4.431
202103 2.959 264.877 3.731
202106 1.901 271.696 2.337
202109 2.241 274.310 2.728
202112 2.419 278.802 2.898
202203 1.320 287.504 1.533
202206 1.443 296.311 1.626
202209 1.110 296.808 1.249
202212 3.051 296.797 3.433
202303 1.610 301.836 1.781
202306 2.020 305.109 2.211
202309 1.778 307.789 1.929
202312 1.744 306.746 1.899
202403 2.684 312.332 2.870
202406 3.193 314.175 3.394
202409 2.850 315.301 3.019
202412 3.436 315.605 3.636
202503 2.617 319.799 2.733
202506 3.038 322.561 3.145
202509 1.869 324.800 1.922
202512 2.627 324.054 2.707
202603 19.166 330.213 19.383
202606 26.788 333.952 26.788

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 Taiwan Cogeneration (TPE:8926) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Cogeneration stock appears to be undervalued. The current stock price of NT$59.80 is trading 69.9% below its estimated GF Value™ of NT$198.95. GuruFocus considers Taiwan Cogeneration to be Possible Value Trap.

Key valuation signals for TPE:8926:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$198.95 vs. price of NT$59.80 (69.9% below fair value)
  • GF Score™: 72/100 with 5 warning signs

No single metric tells the full story. See the TPE:8926 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Cogeneration Business Description

Address No. 392, Ruiguang Road, 6th Floor, Neihu District, Taipei, TWN, 11492
Taiwan Cogeneration Corp is engaged in engineering, planning, design, procurement, installation, construction and financial planning of cogeneration systems, environmental protection and fuel procurement for cogeneration systems and related businesses. The Corporation also operates and manages cogeneration plants, provides research and development, technical and consultation services related to cogeneration, and manufactures, assembles, sells, leases, installs and repairs cogeneration equipment. In addition, it invests in cogeneration plants, trades related equipment, engages in power generation businesses other than utility, and performs electric equipment installation. Its revenues are generated from sales from cogeneration plants and revenue from consulting and construction services.
72GF Score

Get the complete analysis for TPE:8926

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

NT$59.80
Price
NT$198.95
GF Value