Carnival Industrial (TPE:1417) Cyclically Adjusted Revenue per Share: NT$8.50 (As of Mar. 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:1417 Carnival Industrial Corp TPE:1417
50 GF Score
Price NT$8.18
GF Value NT$4.06
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Carnival Industrial Cyclically Adjusted Revenue per Share?

Carnival Industrial TPE:1417 -1.21% 50 Cyclically Adjusted Revenue per Share is NT$8.50 as of Mar. 2026. GuruFocus rates TPE:1417 with a GF Score™ of 50/100 and a GF Value™ of NT$4.06 (Significantly Overvalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Carnival Industrial's adjusted revenue per share for the three months ended in Mar. 2026 was NT$0.384. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is NT$8.50 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Carnival Industrial's average Cyclically Adjusted Revenue Growth Rate was -19.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -13.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -8.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Carnival Industrial was -2.60% per year. The lowest was -13.10% per year. And the median was -5.90% per year.

As of today (2026-07-31), Carnival Industrial's current stock price is NT$8.18. Carnival Industrial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$8.50. Carnival Industrial's Cyclically Adjusted PS Ratio of today is 0.96.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Carnival Industrial was 1.16. The lowest was 0.51. And the median was 0.92.


Carnival Industrial  (TPE:1417) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Carnival Industrial's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8.18/8.50
=0.96

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Carnival Industrial was 1.16. The lowest was 0.51. And the median was 0.92.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Carnival Industrial Cyclically Adjusted Revenue per Share Related Terms


Carnival Industrial Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Carnival Industrial's Cyclically Adjusted Revenue per Share 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.

Carnival Industrial Cyclically Adjusted Revenue per Share Chart

Carnival Industrial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.17 13.63 12.61 10.99 8.94

Carnival Industrial Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 10.50 10.05 9.54 8.94 8.50

TPE:1417 vs TJX, ROST, BURL: Cyclically Adjusted Revenue per Share Comparison

For the Apparel Retail subindustry, Carnival Industrial'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.


Carnival Industrial Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Carnival Industrial's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:1417
50GF Score
Carnival Industrial Corp TPE:1417
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carnival Industrial Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Carnival Industrial'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)
=0.384/330.2130*330.2130
=0.384

Current CPI (Mar. 2026) = 330.2130.

Carnival Industrial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.611 241.018 4.947
201609 3.677 241.428 5.029
201612 3.594 241.432 4.916
201703 3.321 243.801 4.498
201706 2.519 244.955 3.396
201709 2.425 246.819 3.244
201712 2.457 246.524 3.291
201803 2.412 249.554 3.192
201806 1.784 251.989 2.338
201809 1.543 252.439 2.018
201812 2.247 251.233 2.953
201903 1.379 254.202 1.791
201906 1.360 256.143 1.753
201909 1.606 256.759 2.065
201912 1.437 256.974 1.847
202003 1.422 258.115 1.819
202006 1.118 257.797 1.432
202009 1.373 260.280 1.742
202012 1.518 260.474 1.924
202103 1.677 264.877 2.091
202106 1.586 271.696 1.928
202109 1.324 274.310 1.594
202112 2.398 278.802 2.840
202203 2.123 287.504 2.438
202206 1.234 296.311 1.375
202209 1.903 296.808 2.117
202212 2.025 296.797 2.253
202303 2.287 301.836 2.502
202306 1.711 305.109 1.852
202309 1.332 307.789 1.429
202312 2.238 306.746 2.409
202403 1.252 312.332 1.324
202406 0.725 314.175 0.762
202409 0.597 315.301 0.625
202412 0.599 315.605 0.627
202503 0.314 319.799 0.324
202506 0.469 322.561 0.480
202509 0.523 324.800 0.532
202512 0.874 324.054 0.891
202603 0.384 330.213 0.384

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of NT$8.50 mean?
Carnival Industrial (TPE:1417) has a Cyclically Adjusted Revenue per Share of NT$8.50 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Carnival Industrial and its competitors.
Is Carnival Industrial's Cyclically Adjusted Revenue per Share too high?
Carnival Industrial's current Cyclically Adjusted Revenue per Share is NT$8.50. Overall, Carnival Industrial has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carnival Industrial's Cyclically Adjusted Revenue per Share compare to TJX and ROST?
Carnival Industrial's Cyclically Adjusted Revenue per Share of NT$8.50 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Retail - Cyclical company?
A good Cyclically Adjusted Revenue per Share depends on the Retail - Cyclical industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Carnival Industrial and its competitors. Carnival Industrial's current Cyclically Adjusted Revenue per Share is NT$8.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carnival Industrial stock overvalued right now?
Based on GuruFocus' analysis, Carnival Industrial (TPE:1417) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$4.06, compared to a current price of NT$8.18 — trading 101.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$8.50. Carnival Industrial's overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Carnival Industrial (TPE:1417), the current Cyclically Adjusted Revenue per Share is NT$8.50 as of Mar. 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 Carnival Industrial (TPE:1417) Overvalued in 2026?

Based on GuruFocus' analysis, Carnival Industrial stock appears to be overvalued. The current stock price of NT$8.18 is trading 101.5% above its estimated GF Value™ of NT$4.06. GuruFocus considers Carnival Industrial to be Significantly Overvalued.

Key valuation signals for TPE:1417:

  • Cyclically Adjusted Revenue per Share: NT$8.50
  • GF Value™: NT$4.06 vs. price of NT$8.18 (101.5% above fair value)
  • GF Score™: 50/100 with 3 warning signs

No single metric tells the full story. See the TPE:1417 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carnival Industrial Business Description

Address No. 25, Sector 4, Ren’ai road, 7th Floor, Da’an Dist, Taipei, TWN
Carnival Industrial Corp is a Taiwan-based Apparel manufacturer. It manufactures and trades apparel and group uniforms, men's and women's garments, including trousers, pants, skirts, fancy dresses, jackets, and apparel accessories under the brand name CARNIVAL. The Group operates in a single line of business in apparel sales. The majority of its revenue comes from the Apparel sales department.
50GF Score

Get the complete analysis for TPE:1417

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

NT$8.18
Price
NT$4.06
GF Value