Taiwan Acceptance (TPE:9941) Cyclically Adjusted PS Ratio: (As of Sep. 22, 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:9941 Taiwan Acceptance Corp TPE:9941
74 GF Score
Price NT$80.20
GF Value NT$98.45
Valuation Modestly Undervalued
! 3 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 2.81 2.59 3.09 1.61 1.31

Taiwan Acceptance 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 1.53 1.56 1.31 1.15 1.17

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
74GF 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 Jun. 2026 is calculated as:

For example, Taiwan Acceptance'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)
=15.679/333.9520*333.9520
=15.679

Current CPI (Jun. 2026) = 333.9520.

Taiwan Acceptance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.176 241.428 11.309
201612 8.530 241.432 11.799
201703 8.640 243.801 11.835
201706 9.200 244.955 12.543
201709 8.916 246.819 12.064
201712 9.780 246.524 13.248
201803 11.584 249.554 15.502
201806 11.571 251.989 15.335
201809 12.103 252.439 16.011
201812 12.674 251.233 16.847
201903 11.601 254.202 15.241
201906 13.795 256.143 17.986
201909 12.638 256.759 16.438
201912 14.203 256.974 18.458
202003 13.856 258.115 17.927
202006 13.803 257.797 17.881
202009 13.933 260.280 17.877
202012 13.950 260.474 17.885
202103 14.292 264.877 18.019
202106 14.765 271.696 18.148
202109 15.154 274.310 18.449
202112 15.710 278.802 18.818
202203 15.768 287.504 18.315
202206 16.932 296.311 19.083
202209 17.124 296.808 19.267
202212 16.450 296.797 18.509
202303 16.681 301.836 18.456
202306 17.601 305.109 19.265
202309 18.188 307.789 19.734
202312 18.183 306.746 19.796
202403 17.591 312.332 18.809
202406 16.690 314.175 17.741
202409 16.703 315.301 17.691
202412 17.010 315.605 17.999
202503 15.378 319.799 16.059
202506 16.159 322.561 16.730
202509 15.596 324.800 16.035
202512 15.381 324.054 15.851
202603 15.085 330.213 15.256
202606 15.679 333.952 15.679

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$80.20 is trading 18.5% below its estimated GF Value™ of NT$98.45. GuruFocus considers Taiwan Acceptance to be Modestly Undervalued.

Key valuation signals for TPE:9941:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$98.45 vs. price of NT$80.20 (18.5% below fair value)
  • GF Score™: 74/100 with 3 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.
74GF 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$80.20
Price
NT$98.45
GF Value