Taiwan Acceptance (TPE:9941) Cyclically Adjusted PS Ratio: (As of Jul. 23, 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.
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:9941 Taiwan Acceptance Corp TPE:9941
66 GF Score
Price NT$82.00
GF Value NT$178.89
Valuation Possible Value Trap
! 5 Warning Signs
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What is Taiwan Acceptance Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Acceptance  (TPE:9941) 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 Acceptance Cyclically Adjusted PS Ratio Related Terms


Taiwan Acceptance Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Taiwan Acceptance'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 Acceptance Cyclically Adjusted PS Ratio Chart

Taiwan Acceptance 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 3.81 3.90 5.02 2.78 2.38

Taiwan Acceptance 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 2.80 2.72 2.81 2.38 0.00

TPE:9941 vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Taiwan Acceptance'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 Acceptance Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Taiwan Acceptance's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:9941
66GF Score
Taiwan Acceptance Corp TPE:9941
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

For example, Taiwan Acceptance'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)
=8.343/330.2130*330.2130
=8.343

Current CPI (Mar. 2026) = 330.2130.

Taiwan Acceptance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 7.564 241.018 10.363
201609 7.437 241.428 10.172
201612 7.705 241.432 10.538
201703 7.836 243.801 10.613
201706 8.343 244.955 11.247
201709 7.897 246.819 10.565
201712 8.582 246.524 11.495
201803 10.193 249.554 13.488
201806 9.160 251.989 12.004
201809 10.388 252.439 13.588
201812 10.811 251.233 14.210
201903 6.608 254.202 8.584
201906 6.678 256.143 8.609
201909 6.418 256.759 8.254
201912 7.010 256.974 9.008
202003 6.846 258.115 8.758
202006 6.348 257.797 8.131
202009 6.421 260.280 8.146
202012 6.677 260.474 8.465
202103 6.780 264.877 8.452
202106 5.682 271.696 6.906
202109 6.990 274.310 8.415
202112 7.167 278.802 8.489
202203 5.923 287.504 6.803
202206 6.223 296.311 6.935
202209 6.986 296.808 7.772
202212 6.950 296.797 7.732
202303 6.791 301.836 7.429
202306 7.123 305.109 7.709
202309 7.481 307.789 8.026
202312 7.816 306.746 8.414
202403 7.842 312.332 8.291
202406 7.478 314.175 7.860
202409 7.902 315.301 8.276
202412 7.617 315.605 7.970
202503 7.909 319.799 8.167
202506 8.641 322.561 8.846
202509 8.285 324.800 8.423
202512 8.593 324.054 8.756
202603 8.343 330.213 8.343

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 Acceptance (TPE:9941) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Acceptance stock appears to be undervalued. The current stock price of NT$82.00 is trading 54.2% below its estimated GF Value™ of NT$178.89. GuruFocus considers Taiwan Acceptance to be Possible Value Trap.

Key valuation signals for TPE:9941:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$178.89 vs. price of NT$82.00 (54.2% below fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the TPE:9941 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Acceptance Business Description

Other Exchanges 9941A.PFD:Taiwan
Address Section 2, Dunhua South Road, No. 2, 15th Floor, Da\'an District, Taipei, TWN
Taiwan Acceptance Corp mainly focuses on accounts receivable purchasing, installment accounts sales, and the equipment leasing business, which is related to products such as various vehicles, equipment, consumer goods, and power generation business. The Group's reportable segments are: Leasing, which generates the maximum revenue, and Financing. Geographically, it derives maximum revenue from Taiwan, followed by China, and other overseas markets.
66GF Score

Get the complete analysis for TPE:9941

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

NT$82.00
Price
NT$178.89
GF Value