Taiwan Hon Chuan Enterprise Co (TPE:9939) Cyclically Adjusted PS Ratio: 1.41 (As of Jul. 27, 2026) — 27% Above Median

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TPE:9939 Taiwan Hon Chuan Enterprise Co Ltd TPE:9939
89 GF Score
Price NT$129.50
GF Value NT$145.40
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Taiwan Hon Chuan Enterprise Co Cyclically Adjusted PS Ratio?

Taiwan Hon Chuan Enterprise Co TPE:9939 -0.38% 89 Cyclically Adjusted PS Ratio is 1.41 as of Jul. 27, 2026, which is 27% above its 10-year median of 1.11. GuruFocus rates TPE:9939 with a GF Score™ of 89/100 and a GF Value™ of NT$145.40 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 319 Packaging & Containers companies, Taiwan Hon Chuan Enterprise Co ranks worse than 71.79% on this metric.

As of today (2026-07-27), Taiwan Hon Chuan Enterprise Co's current share price is NT$129.50. Taiwan Hon Chuan Enterprise Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$91.63. Taiwan Hon Chuan Enterprise Co's Cyclically Adjusted PS Ratio for today is 1.41.

The historical rank and industry rank for Taiwan Hon Chuan Enterprise Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:9939' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.11   Max: 2.11
Current: 1.41

During the past years, Taiwan Hon Chuan Enterprise Co's highest Cyclically Adjusted PS Ratio was 2.11. The lowest was 0.68. And the median was 1.11.

TPE:9939's Cyclically Adjusted PS Ratio is ranked worse than
71.79% of 319 companies
in the Packaging & Containers industry
Industry Median: 0.7 vs TPE:9939: 1.41

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.

Taiwan Hon Chuan Enterprise Co's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$23.157. 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$91.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Hon Chuan Enterprise Co  (TPE:9939) 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 Hon Chuan Enterprise Co Cyclically Adjusted PS Ratio Related Terms


Taiwan Hon Chuan Enterprise Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Taiwan Hon Chuan Enterprise 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.

Taiwan Hon Chuan Enterprise Co Cyclically Adjusted PS Ratio Chart

Taiwan Hon Chuan Enterprise Co 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 1.00 1.12 1.53 1.74 1.35

Taiwan Hon Chuan Enterprise Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.70 1.80 1.43 1.35 1.26

TPE:9939 vs SW, PKG, IP: Cyclically Adjusted PS Ratio Comparison

For the Packaging & Containers subindustry, Taiwan Hon Chuan Enterprise 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.


Taiwan Hon Chuan Enterprise Co Cyclically Adjusted PS Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Taiwan Hon Chuan Enterprise Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Taiwan Hon Chuan Enterprise Co's Cyclically Adjusted PS Ratio falls into.


TPE:9939
89GF Score
Taiwan Hon Chuan Enterprise Co Ltd TPE:9939
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Hon Chuan Enterprise 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.

Taiwan Hon Chuan Enterprise Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=129.50/91.63
=1.41

* 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 Hon Chuan Enterprise Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Taiwan Hon Chuan Enterprise Co's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=23.157/330.2130*330.2130
=23.157

Current CPI (Mar. 2026) = 330.2130.

Taiwan Hon Chuan Enterprise Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 15.752 241.018 21.581
201609 15.782 241.428 21.586
201612 11.050 241.432 15.113
201703 14.529 243.801 19.679
201706 16.007 244.955 21.578
201709 17.156 246.819 22.953
201712 11.756 246.524 15.747
201803 15.770 249.554 20.867
201806 19.270 251.989 25.252
201809 19.091 252.439 24.973
201812 13.560 251.233 17.823
201903 16.858 254.202 21.899
201906 21.039 256.143 27.123
201909 20.248 256.759 26.041
201912 14.901 256.974 19.148
202003 14.992 258.115 19.180
202006 18.257 257.797 23.385
202009 19.311 260.280 24.500
202012 13.924 260.474 17.652
202103 17.700 264.877 22.066
202106 20.486 271.696 24.898
202109 18.968 274.310 22.834
202112 16.651 278.802 19.721
202203 19.387 287.504 22.267
202206 22.730 296.311 25.331
202209 24.764 296.808 27.551
202212 18.424 296.797 20.498
202303 20.965 301.836 22.936
202306 24.961 305.109 27.015
202309 25.501 307.789 27.359
202312 20.183 306.746 21.727
202403 22.455 312.332 23.741
202406 26.055 314.175 27.385
202409 27.419 315.301 28.716
202412 22.228 315.605 23.257
202503 24.583 319.799 25.384
202506 25.954 322.561 26.570
202509 26.774 324.800 27.220
202512 20.158 324.054 20.541
202603 23.157 330.213 23.157

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 1.41 mean?
Taiwan Hon Chuan Enterprise Co (TPE:9939) has a Cyclically Adjusted PS Ratio of 1.41 as of Jul. 27, 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 Taiwan Hon Chuan Enterprise Co and its competitors. This is 27% above median its historical median of 1.11. Over the past decade, Taiwan Hon Chuan Enterprise Co's Cyclically Adjusted PS Ratio has ranged from 0.68 to 2.11. According to the industry distribution chart, Taiwan Hon Chuan Enterprise Co ranks #229 out of 319 companies in the Packaging & Containers industry, placing it in the top 71.8%.
Is Taiwan Hon Chuan Enterprise Co's Cyclically Adjusted PS Ratio too high?
Taiwan Hon Chuan Enterprise Co's current Cyclically Adjusted PS Ratio of 1.41 is 27% above median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 2.11. The Packaging & Containers industry median Cyclically Adjusted PS Ratio is 0.70. Taiwan Hon Chuan Enterprise Co's value of 1.41 is 101.4% above this industry median. Based on the distribution chart, Taiwan Hon Chuan Enterprise Co ranks #229 out of 319 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Taiwan Hon Chuan Enterprise Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Hon Chuan Enterprise Co's Cyclically Adjusted PS Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Taiwan Hon Chuan Enterprise Co ranks #229 out of 319 companies for Cyclically Adjusted PS Ratio. This places Taiwan Hon Chuan Enterprise Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Taiwan Hon Chuan Enterprise Co's value of 1.41 is 101.4% above this benchmark. Historically, Taiwan Hon Chuan Enterprise Co's own Cyclically Adjusted PS Ratio has ranged from 0.68 to 2.11 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 0.70, Taiwan Hon Chuan Enterprise Co 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 Packaging & Containers company?
The median Cyclically Adjusted PS Ratio among Packaging & Containers companies is 0.70, based on 319 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. Taiwan Hon Chuan Enterprise Co's current Cyclically Adjusted PS Ratio of 1.41 is 101.4% 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 Taiwan Hon Chuan Enterprise Co and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Hon Chuan Enterprise Co's current Cyclically Adjusted PS Ratio is 1.41, which is 27% above median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Hon Chuan Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Hon Chuan Enterprise Co (TPE:9939) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$145.40, compared to a current price of NT$129.50 — trading 10.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.41, which is 27% above median its 10-year median of 1.11 and 101.4% above the Packaging & Containers industry median of 0.70. Taiwan Hon Chuan Enterprise Co's overall GF Score™ is 89/100 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 Taiwan Hon Chuan Enterprise Co (TPE:9939), the current Cyclically Adjusted PS Ratio is 1.41 as of Jul. 27, 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 Taiwan Hon Chuan Enterprise Co (TPE:9939) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Hon Chuan Enterprise Co stock appears to be undervalued. The current stock price of NT$129.50 is trading 10.9% below its estimated GF Value™ of NT$145.40. GuruFocus considers Taiwan Hon Chuan Enterprise Co to be Modestly Undervalued.

Key valuation signals for TPE:9939:

  • Cyclically Adjusted PS Ratio: 1.41 (27% above median its 10-year median of 1.11)
  • GF Value™: NT$145.40 vs. price of NT$129.50 (10.9% below fair value)
  • GF Score™: 89/100 with 4 warning signs
  • Industry Position: 101.4% above the Packaging & Containers median (#229 of 319)

No single metric tells the full story. See the TPE:9939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Hon Chuan Enterprise Co Business Description

Address 2nd Road, No. 6, Industrial Park, Xitun District, Taichung, TWN
Taiwan Hon Chuan Enterprise Co Ltd manufactures and sells a variety of packaging products. Its primary product categories include plastic and aluminum caps used for beverages and can liners, polyethylene terephthalate bottles used to produce water bottles, and labels for consumer products. The Group also sells tobacco and liquor packaging, as well as cigarette filters and paper. In addition, Taiwan Hon Chuan sells packaging equipment used to produce caps, bottles, labels, and fill bottles. Its reportable segments are: Foreign Subsidiaries, which generate the maximum revenue, and Domestic. Geographically, the Group generates maximum revenue from its customers in Taiwan, followed by China, Southeast Asia, and other regions.
89GF Score

Get the complete analysis for TPE:9939

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

NT$129.50
Price
NT$145.40
GF Value