Horng Shiue Holding Co (TPE:2243) Cyclically Adjusted Revenue per Share: NT$37.58 (As of Mar. 2026)

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TPE:2243 Horng Shiue Holding Co Ltd TPE:2243
54 GF Score
Price NT$43.90
GF Value NT$17.05
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Horng Shiue Holding Co Cyclically Adjusted Revenue per Share?

Horng Shiue Holding Co TPE:2243 +2.33% 54 Cyclically Adjusted Revenue per Share is NT$37.58 as of Mar. 2026. GuruFocus rates TPE:2243 with a GF Score™ of 54/100 and a GF Value™ of NT$17.05 (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.

Horng Shiue Holding Co's adjusted revenue per share for the three months ended in Mar. 2026 was NT$8.003. 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$37.58 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-09-03), Horng Shiue Holding Co's current stock price is NT$43.90. Horng Shiue Holding Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$37.58. Horng Shiue Holding Co's Cyclically Adjusted PS Ratio of today is 1.17.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of Horng Shiue Holding Co was 1.75. The lowest was 0.30. And the median was 0.63.


Horng Shiue Holding Co  (TPE:2243) 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.

Horng Shiue Holding Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=43.90/37.58
=1.17

* 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 12 years, the highest Cyclically Adjusted PS Ratio of Horng Shiue Holding Co was 1.75. The lowest was 0.30. And the median was 0.63.


Be Aware

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


Horng Shiue Holding Co Cyclically Adjusted Revenue per Share Related Terms


Horng Shiue Holding Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Horng Shiue Holding Co'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.

Horng Shiue Holding Co Cyclically Adjusted Revenue per Share Chart

Horng Shiue Holding Co 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 0.00 0.00 0.00 0.00 37.57

Horng Shiue Holding 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 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 0.00 0.00 0.00 37.57 37.58

TPE:2243 vs ORLY, AZO, GPC: Cyclically Adjusted Revenue per Share Comparison

For the Auto Parts subindustry, Horng Shiue Holding 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.


Horng Shiue Holding Co Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Horng Shiue Holding Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Horng Shiue Holding Co's Cyclically Adjusted PS Ratio falls into.


TPE:2243
54GF Score
Horng Shiue Holding Co Ltd TPE:2243
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Horng Shiue Holding Co 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, Horng Shiue Holding 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)
=8.003/116.3033*116.3033
=8.003

Current CPI (Mar. 2026) = 116.3033.

Horng Shiue Holding Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.000 100.600 0.000
201609 19.651 102.400 22.319
201612 12.100 102.600 13.716
201703 11.436 103.200 12.888
201706 14.414 103.100 16.260
201709 17.300 104.100 19.328
201712 12.224 104.500 13.605
201803 10.882 105.300 12.019
201806 13.097 104.900 14.521
201809 16.474 106.600 17.974
201812 7.599 106.500 8.298
201903 8.157 107.700 8.809
201906 6.732 107.700 7.270
201909 12.965 109.800 13.733
201912 12.539 111.200 13.114
202003 0.823 112.300 0.852
202006 8.700 110.400 9.165
202009 2.352 111.700 2.449
202012 5.052 111.500 5.270
202103 4.100 112.662 4.233
202106 6.229 111.769 6.482
202109 10.754 112.215 11.146
202112 11.377 113.108 11.698
202203 6.388 114.335 6.498
202206 11.363 114.558 11.536
202209 8.896 115.339 8.970
202212 8.201 115.116 8.286
202303 5.301 115.116 5.356
202306 3.207 114.558 3.256
202309 6.851 115.339 6.908
202312 10.014 114.781 10.147
202403 2.557 115.227 2.581
202406 8.716 114.781 8.832
202409 5.623 115.785 5.648
202412 9.751 114.893 9.871
202503 2.898 115.116 2.928
202506 7.794 114.907 7.889
202509 5.308 115.471 5.346
202512 9.127 115.832 9.164
202603 8.003 116.303 8.003

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$37.58 mean?
Horng Shiue Holding Co (TPE:2243) has a Cyclically Adjusted Revenue per Share of NT$37.58 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 Horng Shiue Holding Co and its competitors.
Is Horng Shiue Holding Co's Cyclically Adjusted Revenue per Share too high?
Horng Shiue Holding Co's current Cyclically Adjusted Revenue per Share is NT$37.58. Overall, Horng Shiue Holding Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horng Shiue Holding Co's Cyclically Adjusted Revenue per Share compare to ORLY and AZO?
Horng Shiue Holding Co's Cyclically Adjusted Revenue per Share of NT$37.58 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Cyclically Adjusted Revenue per Share depends on the Vehicles & Parts 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 Horng Shiue Holding Co and its competitors. Horng Shiue Holding Co's current Cyclically Adjusted Revenue per Share is NT$37.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horng Shiue Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Horng Shiue Holding Co (TPE:2243) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$17.05, compared to a current price of NT$43.90 — trading 157.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$37.58. Horng Shiue Holding Co's overall GF Score™ is 54/100 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 Horng Shiue Holding Co (TPE:2243), the current Cyclically Adjusted Revenue per Share is NT$37.58 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 Horng Shiue Holding Co (TPE:2243) Overvalued in 2026?

Based on GuruFocus' analysis, Horng Shiue Holding Co stock appears to be overvalued. The current stock price of NT$43.90 is trading 157.5% above its estimated GF Value™ of NT$17.05. GuruFocus considers Horng Shiue Holding Co to be Significantly Overvalued.

Key valuation signals for TPE:2243:

  • Cyclically Adjusted Revenue per Share: NT$37.58
  • GF Value™: NT$17.05 vs. price of NT$43.90 (157.5% above fair value)
  • GF Score™: 54/100 with 3 warning signs

No single metric tells the full story. See the TPE:2243 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Horng Shiue Holding Co Business Description

Address Room no:100,Rongchang Road, Chedun, Songjiang Shanghai, CHN, 201611
Horng Shiue Holding Co Ltd isengaged in the manufacture, processing and trading of automotive sheet metal stamping die and gauge and providing after sales services, such as technique consulting. The Company's revenue is derived from automotive sheet metal stamping die sold by the assembly plant and stamping factory.
54GF Score

Get the complete analysis for TPE:2243

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

NT$43.90
Price
NT$17.05
GF Value