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Thye Ming Industrial Co (TPE:9927) Cyclically Adjusted PS Ratio : 1.03 (As of Jun. 03, 2025)


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What is Thye Ming Industrial Co Cyclically Adjusted PS Ratio?

As of today (2025-06-03), Thye Ming Industrial Co's current share price is NT$68.40. Thye Ming Industrial Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was NT$66.56. Thye Ming Industrial Co's Cyclically Adjusted PS Ratio for today is 1.03.

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

TPE:9927' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.63   Max: 1.17
Current: 1.04

During the past years, Thye Ming Industrial Co's highest Cyclically Adjusted PS Ratio was 1.17. The lowest was 0.50. And the median was 0.63.

TPE:9927's Cyclically Adjusted PS Ratio is ranked better than
61.13% of 548 companies
in the Metals & Mining industry
Industry Median: 1.455 vs TPE:9927: 1.04

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.

Thye Ming Industrial Co's adjusted revenue per share data for the three months ended in Mar. 2025 was NT$12.388. 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$66.56 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thye Ming Industrial Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Thye Ming Industrial Co'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.

* Premium members only.

Thye Ming Industrial Co Cyclically Adjusted PS Ratio Chart

Thye Ming Industrial Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.59 0.56 1.04 0.96

Thye Ming Industrial Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.08 1.14 1.02 0.96 1.11

Competitive Comparison of Thye Ming Industrial Co's Cyclically Adjusted PS Ratio

For the Other Industrial Metals & Mining subindustry, Thye Ming Industrial Co'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.


Thye Ming Industrial Co's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Thye Ming Industrial Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Thye Ming Industrial Co's Cyclically Adjusted PS Ratio falls into.


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Thye Ming Industrial Co 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.

Thye Ming Industrial Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=68.40/66.56
=1.03

* 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.

Thye Ming Industrial Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Thye Ming Industrial Co's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=12.388/134.9266*134.9266
=12.388

Current CPI (Mar. 2025) = 134.9266.

Thye Ming Industrial Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 15.903 100.684 21.312
201509 15.396 100.392 20.692
201512 15.254 99.792 20.625
201603 11.912 100.470 15.997
201606 13.508 101.688 17.923
201609 13.987 101.861 18.527
201612 16.087 101.863 21.309
201703 16.354 102.862 21.452
201706 15.220 103.349 19.870
201709 16.479 104.136 21.352
201712 16.679 104.011 21.637
201803 15.599 105.290 19.990
201806 17.314 106.317 21.973
201809 14.245 106.507 18.046
201812 14.527 105.998 18.492
201903 12.641 107.251 15.903
201906 14.812 108.070 18.493
201909 15.786 108.329 19.662
201912 15.575 108.420 19.383
202003 13.204 108.902 16.359
202006 11.213 108.767 13.910
202009 13.331 109.815 16.379
202012 13.259 109.897 16.279
202103 12.163 111.754 14.685
202106 11.521 114.631 13.561
202109 10.316 115.734 12.027
202112 7.897 117.630 9.058
202203 14.467 121.301 16.092
202206 15.512 125.017 16.742
202209 13.216 125.227 14.240
202212 10.902 125.222 11.747
202303 12.467 127.348 13.209
202306 14.202 128.729 14.886
202309 13.849 129.860 14.389
202312 14.458 129.419 15.073
202403 12.567 131.776 12.867
202406 13.180 132.554 13.416
202409 13.035 133.029 13.221
202412 12.238 133.157 12.401
202503 12.388 134.927 12.388

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.


Thye Ming Industrial Co  (TPE:9927) 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.


Thye Ming Industrial Co Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Thye Ming Industrial Co's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Thye Ming Industrial Co Business Description

Traded in Other Exchanges
N/A
Address
No. 6, Chu Kuang 3rd Street, Tafa Industiral Area, Daliao District, Kaohsiung, TWN
Thye Ming Industrial Co Ltd manufactures and sells the following products: lead antimony alloy, lead calcium alloy, yellow and red lead. The company also provides general business waste recycling and regeneration services. The group's two reportable segments are Thye Ming, which generates maximum revenue, and Thye Ming (Vietnam). Geographically, it generates maximum revenue from its customers in Taiwan, followed by Southeast Asia (excluding Taiwan), Japan, and other regions.

Thye Ming Industrial Co Headlines

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