Evergreen Marine (Taiwan) (TPE:2603) Cyclically Adjusted Revenue per Share: NT$174.74 (As of Mar. 2026)

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TPE:2603 Evergreen Marine Corp (Taiwan) Ltd TPE:2603
89 GF Score
Price NT$201.00
GF Value NT$173.66
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Evergreen Marine (Taiwan) Cyclically Adjusted Revenue per Share?

Evergreen Marine (Taiwan) TPE:2603 -0.25% 89 Cyclically Adjusted Revenue per Share is NT$174.74 as of Mar. 2026. GuruFocus rates TPE:2603 with a GF Score™ of 89/100 and a GF Value™ of NT$173.66 (Modestly Overvalued). The stock has 9 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.

Evergreen Marine (Taiwan)'s adjusted revenue per share for the three months ended in Mar. 2026 was NT$39.947. 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$174.74 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Evergreen Marine (Taiwan)'s average Cyclically Adjusted Revenue Growth Rate was 6.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.40% 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 Evergreen Marine (Taiwan) was 13.40% per year. The lowest was 6.30% per year. And the median was 9.40% per year.

As of today (2026-07-30), Evergreen Marine (Taiwan)'s current stock price is NT$201.00. Evergreen Marine (Taiwan)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$174.74. Evergreen Marine (Taiwan)'s Cyclically Adjusted PS Ratio of today is 1.15.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Evergreen Marine (Taiwan) was 4.55. The lowest was 0.23. And the median was 1.11.


Evergreen Marine (Taiwan)  (TPE:2603) 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.

Evergreen Marine (Taiwan)'s Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=201.00/174.74
=1.15

* 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 Evergreen Marine (Taiwan) was 4.55. The lowest was 0.23. And the median was 1.11.


Be Aware

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


Evergreen Marine (Taiwan) Cyclically Adjusted Revenue per Share Related Terms


Evergreen Marine (Taiwan) Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Evergreen Marine (Taiwan)'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.

Evergreen Marine (Taiwan) Cyclically Adjusted Revenue per Share Chart

Evergreen Marine (Taiwan) 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 122.44 141.44 146.86 160.14 170.13

Evergreen Marine (Taiwan) 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 164.18 166.73 169.36 170.13 174.74

Evergreen Marine (Taiwan) Cyclically Adjusted Revenue per Share Competitor Comparison

For the Marine Shipping subindustry, Evergreen Marine (Taiwan)'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.


Evergreen Marine (Taiwan) Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Evergreen Marine (Taiwan)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Evergreen Marine (Taiwan)'s Cyclically Adjusted PS Ratio falls into.


TPE:2603
89GF Score
Evergreen Marine Corp (Taiwan) Ltd TPE:2603
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Evergreen Marine (Taiwan) 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, Evergreen Marine (Taiwan)'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)
=39.947/330.2130*330.2130
=39.947

Current CPI (Mar. 2026) = 330.2130.

Evergreen Marine (Taiwan) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 19.876 241.018 27.232
201609 21.334 241.428 29.180
201612 23.877 241.432 32.657
201703 22.705 243.801 30.752
201706 25.309 244.955 34.118
201709 27.761 246.819 37.141
201712 24.361 246.524 32.631
201803 22.791 249.554 30.157
201806 23.675 251.989 31.024
201809 26.749 252.439 34.990
201812 29.043 251.233 38.173
201903 25.313 254.202 32.882
201906 26.559 256.143 34.239
201909 27.579 256.759 35.469
201912 25.999 256.974 33.409
202003 22.582 258.115 28.890
202006 22.675 257.797 29.044
202009 28.579 260.280 36.258
202012 31.049 260.474 39.362
202103 43.690 264.877 54.467
202106 47.181 271.696 57.343
202109 67.797 274.310 81.614
202112 72.749 278.802 86.164
202203 31.941 287.504 36.686
202206 82.686 296.311 92.146
202209 62.369 296.808 69.388
202212 52.460 296.797 58.366
202303 31.182 301.836 34.114
202306 31.229 305.109 33.798
202309 33.633 307.789 36.083
202312 32.828 306.746 35.339
202403 41.246 312.332 43.607
202406 49.124 314.175 51.632
202409 70.604 315.301 73.943
202412 53.581 315.605 56.061
202503 50.782 319.799 52.436
202506 39.936 322.561 40.883
202509 44.747 324.800 45.493
202512 39.482 324.054 40.232
202603 39.947 330.213 39.947

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$174.74 mean?
Evergreen Marine (Taiwan) (TPE:2603) has a Cyclically Adjusted Revenue per Share of NT$174.74 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 Evergreen Marine (Taiwan) and its competitors.
Is Evergreen Marine (Taiwan)'s Cyclically Adjusted Revenue per Share too high?
Evergreen Marine (Taiwan)'s current Cyclically Adjusted Revenue per Share is NT$174.74. Overall, Evergreen Marine (Taiwan) has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evergreen Marine (Taiwan)'s Cyclically Adjusted Revenue per Share compare to competitors?
Evergreen Marine (Taiwan)'s Cyclically Adjusted Revenue per Share of NT$174.74 can be compared against companies in the Transportation 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 Transportation company?
A good Cyclically Adjusted Revenue per Share depends on the Transportation 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 Evergreen Marine (Taiwan) and its competitors. Evergreen Marine (Taiwan)'s current Cyclically Adjusted Revenue per Share is NT$174.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evergreen Marine (Taiwan) stock overvalued right now?
Based on GuruFocus' analysis, Evergreen Marine (Taiwan) (TPE:2603) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$173.66, compared to a current price of NT$201.00 — trading 15.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$174.74. Evergreen Marine (Taiwan)'s overall GF Score™ is 89/100 with 9 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 Evergreen Marine (Taiwan) (TPE:2603), the current Cyclically Adjusted Revenue per Share is NT$174.74 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 Evergreen Marine (Taiwan) (TPE:2603) Overvalued in 2026?

Based on GuruFocus' analysis, Evergreen Marine (Taiwan) stock appears to be overvalued. The current stock price of NT$201.00 is trading 15.7% above its estimated GF Value™ of NT$173.66. GuruFocus considers Evergreen Marine (Taiwan) to be Modestly Overvalued.

Key valuation signals for TPE:2603:

  • Cyclically Adjusted Revenue per Share: NT$174.74
  • GF Value™: NT$173.66 vs. price of NT$201.00 (15.7% above fair value)
  • GF Score™: 89/100 with 9 warning signs

No single metric tells the full story. See the TPE:2603 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Evergreen Marine (Taiwan) Business Description

Address No. 166, Minsheng East Road, 1st - 4th Floor, Section 2, Zhongshan District, Taipei, TWN, 104473
Evergreen Marine Corp (Taiwan) Ltd is mainly engaged in domestic and international marine transportation, shipping agency services, commercial port area ship repair services, and the distribution of containers. Along with its subsidiaries, it operates in the following reportable segments: Transportation Department, which derives maximum revenue, and Other Departments. Geographically, the group generates maximum revenue from Asia (excluding Taiwan), followed by Taiwan, America, Europe, and other regions.
89GF Score

Get the complete analysis for TPE:2603

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

NT$201.00
Price
NT$173.66
GF Value