CTBC Financial Holding Co (TPE:2891) Cyclically Adjusted Revenue per Share: NT$14.49 (As of Dec. 2025)

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TPE:2891 CTBC Financial Holding Co Ltd TPE:2891
71 GF Score
Price NT$62.70
GF Value NT$55.05
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is CTBC Financial Holding Co Cyclically Adjusted Revenue per Share?

CTBC Financial Holding Co TPE:2891 +1.95% 71 Cyclically Adjusted Revenue per Share is NT$14.49 as of Dec. 2025. GuruFocus rates TPE:2891 with a GF Score™ of 71/100 and a GF Value™ of NT$55.05 (Modestly 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.

CTBC Financial Holding Co's adjusted revenue per share for the three months ended in Dec. 2025 was NT$4.121. 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$14.49 for the trailing ten years ended in Dec. 2025.

During the past 12 months, CTBC Financial Holding Co's average Cyclically Adjusted Revenue Growth Rate was 0.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 0.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.30% 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 CTBC Financial Holding Co was 7.80% per year. The lowest was 0.50% per year. And the median was 6.20% per year.

As of today (2026-07-22), CTBC Financial Holding Co's current stock price is NT$62.70. CTBC Financial Holding Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$14.49. CTBC Financial Holding Co's Cyclically Adjusted PS Ratio of today is 4.33.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of CTBC Financial Holding Co was 4.96. The lowest was 1.37. And the median was 1.88.


CTBC Financial Holding Co  (TPE:2891) 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.

CTBC Financial Holding Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=62.70/14.49
=4.33

* 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 CTBC Financial Holding Co was 4.96. The lowest was 1.37. And the median was 1.88.


Be Aware

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


CTBC Financial Holding Co Cyclically Adjusted Revenue per Share Related Terms


CTBC Financial Holding Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for CTBC Financial 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.

CTBC Financial Holding Co Cyclically Adjusted Revenue per Share Chart

CTBC Financial 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 13.40 14.27 14.44 14.37 14.49

CTBC Financial Holding 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 14.37 14.48 14.43 14.59 14.49

CTBC Financial Holding Co Cyclically Adjusted Revenue per Share Competitor Comparison

For the Banks - Regional subindustry, CTBC Financial 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.


CTBC Financial Holding Co Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, CTBC Financial Holding Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:2891
71GF Score
CTBC Financial Holding Co Ltd TPE:2891
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CTBC Financial 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, CTBC Financial Holding 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)
=4.121/324.0540*324.0540
=4.121

Current CPI (Dec. 2025) = 324.0540.

CTBC Financial Holding Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 3.878 238.132 5.277
201606 3.897 241.018 5.240
201609 4.310 241.428 5.785
201612 4.324 241.432 5.804
201703 4.818 243.801 6.404
201706 3.877 244.955 5.129
201709 4.563 246.819 5.991
201712 4.642 246.524 6.102
201803 3.891 249.554 5.053
201806 3.549 251.989 4.564
201809 4.341 252.439 5.573
201812 4.326 251.233 5.580
201903 4.094 254.202 5.219
201906 2.260 256.143 2.859
201909 3.531 256.759 4.456
201912 3.380 256.974 4.262
202003 3.234 258.115 4.060
202006 1.984 257.797 2.494
202009 2.579 260.280 3.211
202012 1.780 260.474 2.214
202103 2.443 264.877 2.989
202106 1.892 271.696 2.257
202109 2.390 274.310 2.823
202112 2.542 278.802 2.955
202203 3.259 287.504 3.673
202206 2.004 296.311 2.192
202209 2.177 296.808 2.377
202212 -0.014 296.797 -0.015
202303 1.238 301.836 1.329
202306 2.029 305.109 2.155
202309 2.170 307.789 2.285
202312 1.236 306.746 1.306
202403 2.735 312.332 2.838
202406 2.091 314.175 2.157
202409 2.553 315.301 2.624
202412 2.397 315.605 2.461
202503 3.359 319.799 3.404
202506 1.734 322.561 1.742
202509 3.961 324.800 3.952
202512 4.121 324.054 4.121

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$14.49 mean?
CTBC Financial Holding Co (TPE:2891) has a Cyclically Adjusted Revenue per Share of NT$14.49 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 CTBC Financial Holding Co and its competitors.
Is CTBC Financial Holding Co's Cyclically Adjusted Revenue per Share too high?
CTBC Financial Holding Co's current Cyclically Adjusted Revenue per Share is NT$14.49. Overall, CTBC Financial Holding Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CTBC Financial Holding Co's Cyclically Adjusted Revenue per Share compare to competitors?
CTBC Financial Holding Co's Cyclically Adjusted Revenue per Share of NT$14.49 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Revenue per Share depends on the Banks 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 CTBC Financial Holding Co and its competitors. CTBC Financial Holding Co's current Cyclically Adjusted Revenue per Share is NT$14.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CTBC Financial Holding Co stock overvalued right now?
Based on GuruFocus' analysis, CTBC Financial Holding Co (TPE:2891) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$55.05, compared to a current price of NT$62.70 — trading 13.9% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$14.49. CTBC Financial Holding Co's overall GF Score™ is 71/100 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 CTBC Financial Holding Co (TPE:2891), the current Cyclically Adjusted Revenue per Share is NT$14.49 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 CTBC Financial Holding Co (TPE:2891) Overvalued in 2026?

Based on GuruFocus' analysis, CTBC Financial Holding Co stock appears to be overvalued. The current stock price of NT$62.70 is trading 13.9% above its estimated GF Value™ of NT$55.05. GuruFocus considers CTBC Financial Holding Co to be Modestly Overvalued.

Key valuation signals for TPE:2891:

  • Cyclically Adjusted Revenue per Share: NT$14.49
  • GF Value™: NT$55.05 vs. price of NT$62.70 (13.9% above fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the TPE:2891 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CTBC Financial Holding Co Business Description

Address Jingmao 2nd Road, No. 168, 27th and 29th Floor, Nangang District, Taipei, TWN, 115
CTBC Financial Holding Co Ltd is a diversified financial services holding company. Along with its subsidiaries, it operates in the following segments: Life insurance, which generates maximum revenue, Institutional banking, Retail banking, and Others. The majority of the Group's revenue is derived from its Institutional and Retail banking businesses, which include commercial banking and capital market activities, financing activities, deposit products, wealth management, credit cards, secured loans, and unsecured individual loans, etc., catering to individual and institutional clients. Geographically, the Group generates maximum revenue from its business in Taiwan, followed by Asia (excluding Taiwan), and North America.
71GF Score

Get the complete analysis for TPE:2891

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

NT$62.70
Price
NT$55.05
GF Value