Pou Chen (TPE:9904) Cyclically Adjusted PS Ratio: 0.23 (As of Jul. 24, 2026) — 26% Below Median

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TPE:9904 Pou Chen Corp TPE:9904
85 GF Score
Price NT$24.40
GF Value NT$30.89
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Pou Chen Cyclically Adjusted PS Ratio?

Pou Chen TPE:9904 +0.62% 85 Cyclically Adjusted PS Ratio is 0.23 as of Jul. 24, 2026, which is 26% below its 10-year median of 0.31. GuruFocus rates TPE:9904 with a GF Score™ of 85/100 and a GF Value™ of NT$30.89 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 883 Manufacturing - Apparel & Accessories companies, Pou Chen ranks better than 78.03% on this metric.

As of today (2026-07-24), Pou Chen's current share price is NT$24.40. Pou Chen's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$107.48. Pou Chen's Cyclically Adjusted PS Ratio for today is 0.23.

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

TPE:9904' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.31   Max: 0.45
Current: 0.23

During the past years, Pou Chen's highest Cyclically Adjusted PS Ratio was 0.45. The lowest was 0.23. And the median was 0.31.

TPE:9904's Cyclically Adjusted PS Ratio is ranked better than
78.03% of 883 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.64 vs TPE:9904: 0.23

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.

Pou Chen's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$21.201. 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$107.48 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pou Chen  (TPE:9904) 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.


Pou Chen Cyclically Adjusted PS Ratio Related Terms


Pou Chen Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pou Chen'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.

Pou Chen Cyclically Adjusted PS Ratio Chart

Pou Chen 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 0.33 0.33 0.29 0.34 0.28

Pou Chen Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.34 0.32 0.28 0.27 0.28

TPE:9904 vs NKE, DECK, ONON: Cyclically Adjusted PS Ratio Comparison

For the Footwear & Accessories subindustry, Pou Chen'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.


Pou Chen Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pou Chen's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:9904
85GF Score
Pou Chen Corp TPE:9904
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pou Chen 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.

Pou Chen's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.40/107.48
=0.23

* 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.

Pou Chen's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Pou Chen's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=21.201/324.0540*324.0540
=21.201

Current CPI (Dec. 2025) = 324.0540.

Pou Chen Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 22.225 238.132 30.244
201606 24.045 241.018 32.329
201609 21.223 241.428 28.486
201612 22.973 241.432 30.835
201703 21.586 243.801 28.692
201706 23.311 244.955 30.838
201709 22.801 246.819 29.936
201712 24.643 246.524 32.393
201803 22.806 249.554 29.614
201806 25.206 251.989 32.415
201809 24.800 252.439 31.836
201812 26.584 251.233 34.289
201903 25.979 254.202 33.118
201906 27.473 256.143 34.757
201909 25.833 256.759 32.604
201912 26.771 256.974 33.759
202003 20.155 258.115 25.304
202006 21.700 257.797 27.277
202009 20.161 260.280 25.101
202012 23.034 260.474 28.656
202103 24.027 264.877 29.395
202106 21.958 271.696 26.189
202109 15.532 274.310 18.349
202112 19.772 278.802 22.981
202203 22.795 287.504 25.693
202206 23.091 296.311 25.253
202209 23.359 296.808 25.503
202212 21.331 296.797 23.290
202303 21.828 301.836 23.435
202306 21.231 305.109 22.549
202309 19.741 307.789 20.784
202312 20.613 306.746 21.776
202403 21.453 312.332 22.258
202406 22.009 314.175 22.701
202409 22.628 315.301 23.256
202412 23.119 315.605 23.738
202503 22.721 319.799 23.023
202506 21.040 322.561 21.137
202509 19.875 324.800 19.829
202512 21.201 324.054 21.201

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 0.23 mean?
Pou Chen (TPE:9904) has a Cyclically Adjusted PS Ratio of 0.23 as of Jul. 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 Pou Chen and its competitors. This is 26% below median its historical median of 0.31. Over the past decade, Pou Chen's Cyclically Adjusted PS Ratio has ranged from 0.23 to 0.45. According to the industry distribution chart, Pou Chen ranks #194 out of 883 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 22%.
Is Pou Chen's Cyclically Adjusted PS Ratio too high?
Pou Chen's current Cyclically Adjusted PS Ratio of 0.23 is 26% below median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.45. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PS Ratio is 0.64. Pou Chen's value of 0.23 is 64.1% below this industry median. Based on the distribution chart, Pou Chen ranks #194 out of 883 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Pou Chen has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pou Chen's Cyclically Adjusted PS Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Pou Chen ranks #194 out of 883 companies for Cyclically Adjusted PS Ratio. This places Pou Chen in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.64. Pou Chen's value of 0.23 is 64.1% below this benchmark. Historically, Pou Chen's own Cyclically Adjusted PS Ratio has ranged from 0.23 to 0.45 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.64, Pou Chen 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PS Ratio among Manufacturing - Apparel & Accessories companies is 0.64, based on 883 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. Pou Chen's current Cyclically Adjusted PS Ratio of 0.23 is 64.1% 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 Pou Chen and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PS Ratio is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pou Chen's current Cyclically Adjusted PS Ratio is 0.23, which is 26% below median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pou Chen stock overvalued right now?
Based on GuruFocus' analysis, Pou Chen (TPE:9904) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$30.89, compared to a current price of NT$24.40 — trading 21% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.23, which is 26% below median its 10-year median of 0.31 and 64.1% below the Manufacturing - Apparel & Accessories industry median of 0.64. Pou Chen's overall GF Score™ is 85/100 with 4 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 Pou Chen (TPE:9904), the current Cyclically Adjusted PS Ratio is 0.23 as of Jul. 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 Pou Chen (TPE:9904) Overvalued in 2026?

Based on GuruFocus' analysis, Pou Chen stock appears to be undervalued. The current stock price of NT$24.40 is trading 21% below its estimated GF Value™ of NT$30.89. GuruFocus considers Pou Chen to be Modestly Undervalued.

Key valuation signals for TPE:9904:

  • Cyclically Adjusted PS Ratio: 0.23 (26% below median its 10-year median of 0.31)
  • GF Value™: NT$30.89 vs. price of NT$24.40 (21% below fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 64.1% below the Manufacturing - Apparel & Accessories median (#194 of 883)

No single metric tells the full story. See the TPE:9904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pou Chen Business Description

Address No. 600, Section 4, Taiwan Boulevard, Xitun District, Taichung, TWN, 40764
Pou Chen Corp the manufacture and sale of various kinds of shoes and the import and export of related products and materials. The company invests in and other footwear-related companies.
85GF Score

Get the complete analysis for TPE:9904

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

NT$24.40
Price
NT$30.89
GF Value