Yang Ming Marine Transport (TPE:2609) Cyclically Adjusted Revenue per Share: NT$79.07 (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:2609 Yang Ming Marine Transport Corp TPE:2609
70 GF Score
Price NT$50.50
GF Value NT$53.57
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Yang Ming Marine Transport Cyclically Adjusted Revenue per Share?

Yang Ming Marine Transport TPE:2609 +0.20% 70 Cyclically Adjusted Revenue per Share is NT$79.07 as of Mar. 2026. GuruFocus rates TPE:2609 with a GF Score™ of 70/100 and a GF Value™ of NT$53.57 (Fairly Valued). The stock has 7 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.

Yang Ming Marine Transport's adjusted revenue per share for the three months ended in Mar. 2026 was NT$11.068. 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$79.07 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Yang Ming Marine Transport's average Cyclically Adjusted Revenue Growth Rate was -4.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -3.50% 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 Yang Ming Marine Transport was 2.70% per year. The lowest was -3.50% per year. And the median was 0.00% per year.

As of today (2026-08-08), Yang Ming Marine Transport's current stock price is NT$50.50. Yang Ming Marine Transport's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$79.07. Yang Ming Marine Transport's Cyclically Adjusted PS Ratio of today is 0.64.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Yang Ming Marine Transport was 2.43. The lowest was 0.06. And the median was 0.68.


Yang Ming Marine Transport  (TPE:2609) 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.

Yang Ming Marine Transport's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=50.50/79.07
=0.64

* 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 Yang Ming Marine Transport was 2.43. The lowest was 0.06. And the median was 0.68.


Be Aware

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


Yang Ming Marine Transport Cyclically Adjusted Revenue per Share Related Terms


Yang Ming Marine Transport Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Yang Ming Marine Transport'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.

Yang Ming Marine Transport Cyclically Adjusted Revenue per Share Chart

Yang Ming Marine Transport 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 82.78 87.63 84.89 82.73 78.75

Yang Ming Marine Transport 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 82.50 81.23 80.36 78.75 79.07

Yang Ming Marine Transport Cyclically Adjusted Revenue per Share Competitor Comparison

For the Marine Shipping subindustry, Yang Ming Marine Transport'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.


Yang Ming Marine Transport Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Yang Ming Marine Transport's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Yang Ming Marine Transport's Cyclically Adjusted PS Ratio falls into.


TPE:2609
70GF Score
Yang Ming Marine Transport Corp TPE:2609
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yang Ming Marine Transport 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, Yang Ming Marine Transport'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)
=11.068/330.2130*330.2130
=11.068

Current CPI (Mar. 2026) = 330.2130.

Yang Ming Marine Transport Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 16.856 241.018 23.094
201609 17.928 241.428 24.521
201612 19.480 241.432 26.643
201703 17.776 243.801 24.076
201706 18.664 244.955 25.160
201709 19.813 246.819 26.507
201712 14.547 246.524 19.485
201803 11.930 249.554 15.786
201806 12.947 251.989 16.966
201809 14.899 252.439 19.489
201812 14.794 251.233 19.445
201903 13.484 254.202 17.516
201906 15.647 256.143 20.172
201909 14.541 256.759 18.701
201912 13.809 256.974 17.745
202003 13.317 258.115 17.037
202006 14.105 257.797 18.067
202009 12.210 260.280 15.491
202012 13.781 260.474 17.471
202103 18.640 264.877 23.238
202106 21.959 271.696 26.688
202109 27.457 274.310 33.053
202112 29.118 278.802 34.487
202203 30.390 287.504 34.904
202206 31.179 296.311 34.746
202209 28.310 296.808 31.496
202212 16.979 296.797 18.891
202303 10.501 301.836 11.488
202306 10.755 305.109 11.640
202309 10.234 307.789 10.980
202312 9.371 306.746 10.088
202403 12.528 312.332 13.245
202406 15.034 314.175 15.801
202409 20.798 315.301 21.782
202412 15.252 315.605 15.958
202503 12.996 319.799 13.419
202506 10.989 322.561 11.250
202509 12.039 324.800 12.240
202512 10.668 324.054 10.871
202603 11.068 330.213 11.068

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$79.07 mean?
Yang Ming Marine Transport (TPE:2609) has a Cyclically Adjusted Revenue per Share of NT$79.07 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 Yang Ming Marine Transport and its competitors.
Is Yang Ming Marine Transport's Cyclically Adjusted Revenue per Share too high?
Yang Ming Marine Transport's current Cyclically Adjusted Revenue per Share is NT$79.07. Overall, Yang Ming Marine Transport has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yang Ming Marine Transport's Cyclically Adjusted Revenue per Share compare to competitors?
Yang Ming Marine Transport's Cyclically Adjusted Revenue per Share of NT$79.07 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 Yang Ming Marine Transport and its competitors. Yang Ming Marine Transport's current Cyclically Adjusted Revenue per Share is NT$79.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yang Ming Marine Transport stock overvalued right now?
Based on GuruFocus' analysis, Yang Ming Marine Transport (TPE:2609) is currently considered Fairly Valued. The stock's GF Value™ is NT$53.57, compared to a current price of NT$50.50 — trading 5.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$79.07. Yang Ming Marine Transport's overall GF Score™ is 70/100 with 7 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 Yang Ming Marine Transport (TPE:2609), the current Cyclically Adjusted Revenue per Share is NT$79.07 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 Yang Ming Marine Transport (TPE:2609) Overvalued in 2026?

Based on GuruFocus' analysis, Yang Ming Marine Transport stock appears to be undervalued. The current stock price of NT$50.50 is trading 5.7% below its estimated GF Value™ of NT$53.57. GuruFocus considers Yang Ming Marine Transport to be Fairly Valued.

Key valuation signals for TPE:2609:

  • Cyclically Adjusted Revenue per Share: NT$79.07
  • GF Value™: NT$53.57 vs. price of NT$50.50 (5.7% below fair value)
  • GF Score™: 70/100 with 7 warning signs

No single metric tells the full story. See the TPE:2609 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yang Ming Marine Transport Business Description

Address Ming De 1st Road, No. 271, Qidu District, Keelung, TWN, 206006
Yang Ming Marine Transport Corp mainly engages in the shipping, repair, chartering, and sale and purchase of ships, containers, and chassis. Additionally, it operates as a shipping agency. The Group's reportable operating segments are: Containership, which generates maximum revenue, Bulk Shipping, and Other. These segments have been aggregated into a single operating segment. Geographically, the Group generates maximum revenue from Europe, followed by Asia, America, and its domestic market.
70GF Score

Get the complete analysis for TPE:2609

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

NT$50.50
Price
NT$53.57
GF Value