IBF Financial Holdings Co (TPE:2889) Cyclically Adjusted Revenue per Share: NT$57.60 (As of Dec. 2025)

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:2889 IBF Financial Holdings Co Ltd TPE:2889
62 GF Score
Price NT$15.80
GF Value NT$16.34
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is IBF Financial Holdings Co Cyclically Adjusted Revenue per Share?

IBF Financial Holdings Co TPE:2889 +0.64% 62 Cyclically Adjusted Revenue per Share is NT$57.60 as of Dec. 2025. GuruFocus rates TPE:2889 with a GF Score™ of 62/100 and a GF Value™ of NT$16.34 (Fairly Valued). The stock has 6 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.

IBF Financial Holdings Co's adjusted revenue per share for the three months ended in Dec. 2025 was NT$0.711. 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$57.60 for the trailing ten years ended in Dec. 2025.

During the past 12 months, IBF Financial Holdings Co's average Cyclically Adjusted Revenue Growth Rate was 2.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 201.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 142.10% 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 IBF Financial Holdings Co was 217.50% per year. The lowest was 8.90% per year. And the median was 201.60% per year.

As of today (2026-07-22), IBF Financial Holdings Co's current stock price is NT$15.80. IBF Financial Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$57.60. IBF Financial Holdings Co's Cyclically Adjusted PS Ratio of today is 0.27.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of IBF Financial Holdings Co was 9.00. The lowest was 0.20. And the median was 5.47.


IBF Financial Holdings Co  (TPE:2889) 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.

IBF Financial Holdings Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=15.80/57.60
=0.27

* 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 IBF Financial Holdings Co was 9.00. The lowest was 0.20. And the median was 5.47.


Be Aware

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


IBF Financial Holdings Co Cyclically Adjusted Revenue per Share Related Terms


IBF Financial Holdings Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for IBF Financial Holdings 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.

IBF Financial Holdings Co Cyclically Adjusted Revenue per Share Chart

IBF Financial Holdings 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 1.95 2.10 54.43 56.05 57.60

IBF Financial Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 56.05 56.80 57.28 57.71 57.60

TPE:2889 vs MS, GS, SCHW: Cyclically Adjusted Revenue per Share Comparison

For the Capital Markets subindustry, IBF Financial Holdings 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.


IBF Financial Holdings Co Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IBF Financial Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where IBF Financial Holdings Co's Cyclically Adjusted PS Ratio falls into.


TPE:2889
62GF Score
IBF Financial Holdings Co Ltd TPE:2889
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IBF Financial Holdings 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, IBF Financial Holdings Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.711/324.0540*324.0540
=0.711

Current CPI (Dec. 2025) = 324.0540.

IBF Financial Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.424 238.132 0.577
201606 0.355 241.018 0.477
201609 0.402 241.428 0.540
201612 0.260 241.432 0.349
201703 0.410 243.801 0.545
201706 0.394 244.955 0.521
201709 0.458 246.819 0.601
201712 0.415 246.524 0.546
201803 0.424 249.554 0.551
201806 0.457 251.989 0.588
201809 0.339 252.439 0.435
201812 0.363 251.233 0.468
201903 0.459 254.202 0.585
201906 0.489 256.143 0.619
201909 0.606 256.759 0.765
201912 0.490 256.974 0.618
202003 0.436 258.115 0.547
202006 0.674 257.797 0.847
202009 0.709 260.280 0.883
202012 0.794 260.474 0.988
202103 0.860 264.877 1.052
202106 0.676 271.696 0.806
202109 0.738 274.310 0.872
202112 0.776 278.802 0.902
202203 0.498 287.504 0.561
202206 0.461 296.311 0.504
202209 0.495 296.808 0.540
202212 0.366 296.797 0.400
202303 514.160 301.836 552.007
202306 0.503 305.109 0.534
202309 0.502 307.789 0.529
202312 0.482 306.746 0.509
202403 0.576 312.332 0.598
202406 0.580 314.175 0.598
202409 0.564 315.301 0.580
202412 0.568 315.605 0.583
202503 0.483 319.799 0.489
202506 0.411 322.561 0.413
202509 0.787 324.800 0.785
202512 0.711 324.054 0.711

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$57.60 mean?
IBF Financial Holdings Co (TPE:2889) has a Cyclically Adjusted Revenue per Share of NT$57.60 as of Dec. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on IBF Financial Holdings Co and its competitors.
Is IBF Financial Holdings Co's Cyclically Adjusted Revenue per Share too high?
IBF Financial Holdings Co's current Cyclically Adjusted Revenue per Share is NT$57.60. Overall, IBF Financial Holdings Co has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IBF Financial Holdings Co's Cyclically Adjusted Revenue per Share compare to MS and GS?
IBF Financial Holdings Co's Cyclically Adjusted Revenue per Share of NT$57.60 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Cyclically Adjusted Revenue per Share depends on the Capital Markets 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 IBF Financial Holdings Co and its competitors. IBF Financial Holdings Co's current Cyclically Adjusted Revenue per Share is NT$57.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IBF Financial Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, IBF Financial Holdings Co (TPE:2889) is currently considered Fairly Valued. The stock's GF Value™ is NT$16.34, compared to a current price of NT$15.80 — trading 3.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$57.60. IBF Financial Holdings Co's overall GF Score™ is 62/100 with 6 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 IBF Financial Holdings Co (TPE:2889), the current Cyclically Adjusted Revenue per Share is NT$57.60 as of Dec. 2025. 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 IBF Financial Holdings Co (TPE:2889) Overvalued in 2026?

Based on GuruFocus' analysis, IBF Financial Holdings Co stock appears to be undervalued. The current stock price of NT$15.80 is trading 3.3% below its estimated GF Value™ of NT$16.34. GuruFocus considers IBF Financial Holdings Co to be Fairly Valued.

Key valuation signals for TPE:2889:

  • Cyclically Adjusted Revenue per Share: NT$57.60
  • GF Value™: NT$16.34 vs. price of NT$15.80 (3.3% below fair value)
  • GF Score™: 62/100 with 6 warning signs

No single metric tells the full story. See the TPE:2889 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IBF Financial Holdings Co Business Description

Address No. 17, Lequn Third Road, 128th Floor, Zhongshan District, Taipei, TWN, 104
IBF Financial Holdings Co Ltd along with its subsidiaries is engaged in underwriting, certification as well as endorsements and guarantees of short-term bills; trading and underwriting securities such as commercial papers and bonds; consignment trading of securities; financing and short selling as well as lending and borrowing business of securities; trading as well as introducing brokerage services of futures; agency and leasing business of real estate and movables as well as venture capital business. Its operating segments are: Bills finance companies, Securities Firm, and Others.
62GF Score

Get the complete analysis for TPE:2889

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

NT$15.80
Price
NT$16.34
GF Value