First Financial Holding Co (TPE:2892) Cyclically Adjusted Revenue per Share: NT$5.04 (As of Dec. 2025)

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TPE:2892 First Financial Holding Co Ltd TPE:2892
78 GF Score
Price NT$34.80
GF Value NT$30.32
Valuation Modestly Overvalued
! 8 Warning Signs
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What is First Financial Holding Co Cyclically Adjusted Revenue per Share?

First Financial Holding Co TPE:2892 78 Cyclically Adjusted Revenue per Share is NT$5.04 as of Dec. 2025. GuruFocus rates TPE:2892 with a GF Score™ of 78/100 and a GF Value™ of NT$30.32 (Modestly Overvalued). The stock has 8 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.

First Financial Holding Co's adjusted revenue per share for the three months ended in Dec. 2025 was NT$1.403. 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$5.04 for the trailing ten years ended in Dec. 2025.

During the past 12 months, First Financial Holding Co's average Cyclically Adjusted Revenue Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.10% 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 First Financial Holding Co was 8.50% per year. The lowest was 5.50% per year. And the median was 7.00% per year.

As of today (2026-07-30), First Financial Holding Co's current stock price is NT$34.80. First Financial Holding Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$5.04. First Financial Holding Co's Cyclically Adjusted PS Ratio of today is 6.90.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of First Financial Holding Co was 6.81. The lowest was 4.89. And the median was 5.77.


First Financial Holding Co  (TPE:2892) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=34.80/5.04
=6.90

* 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 First Financial Holding Co was 6.81. The lowest was 4.89. And the median was 5.77.


Be Aware

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


First Financial Holding Co Cyclically Adjusted Revenue per Share Related Terms


First Financial Holding Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for First 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.

First Financial Holding Co Cyclically Adjusted Revenue per Share Chart

First 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 3.93 4.29 4.53 4.81 5.04

First 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 4.81 4.90 4.95 5.02 5.04

First Financial Holding Co Cyclically Adjusted Revenue per Share Competitor Comparison

For the Banks - Regional subindustry, First 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.


First Financial Holding Co Cyclically Adjusted PS Ratio vs Banks Industry

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

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


TPE:2892
78GF Score
First Financial Holding Co Ltd TPE:2892
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First 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, First 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)
=1.403/324.0540*324.0540
=1.403

Current CPI (Dec. 2025) = 324.0540.

First Financial Holding Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.788 238.132 1.072
201606 0.726 241.018 0.976
201609 0.811 241.428 1.089
201612 0.782 241.432 1.050
201703 0.837 243.801 1.113
201706 0.856 244.955 1.132
201709 0.898 246.819 1.179
201712 0.920 246.524 1.209
201803 1.048 249.554 1.361
201806 1.123 251.989 1.444
201809 1.049 252.439 1.347
201812 0.951 251.233 1.227
201903 1.083 254.202 1.381
201906 1.049 256.143 1.327
201909 1.121 256.759 1.415
201912 1.059 256.974 1.335
202003 0.946 258.115 1.188
202006 0.987 257.797 1.241
202009 1.078 260.280 1.342
202012 1.131 260.474 1.407
202103 1.098 264.877 1.343
202106 1.017 271.696 1.213
202109 1.097 274.310 1.296
202112 1.104 278.802 1.283
202203 1.068 287.504 1.204
202206 1.121 296.311 1.226
202209 1.368 296.808 1.494
202212 1.078 296.797 1.177
202303 1.206 301.836 1.295
202306 1.166 305.109 1.238
202309 1.154 307.789 1.215
202312 1.072 306.746 1.132
202403 1.275 312.332 1.323
202406 1.187 314.175 1.224
202409 1.328 315.301 1.365
202412 1.168 315.605 1.199
202503 1.255 319.799 1.272
202506 1.196 322.561 1.202
202509 1.496 324.800 1.493
202512 1.403 324.054 1.403

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$5.04 mean?
First Financial Holding Co (TPE:2892) has a Cyclically Adjusted Revenue per Share of NT$5.04 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 First Financial Holding Co and its competitors.
Is First Financial Holding Co's Cyclically Adjusted Revenue per Share too high?
First Financial Holding Co's current Cyclically Adjusted Revenue per Share is NT$5.04. Overall, First Financial Holding Co has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Financial Holding Co's Cyclically Adjusted Revenue per Share compare to competitors?
First Financial Holding Co's Cyclically Adjusted Revenue per Share of NT$5.04 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 First Financial Holding Co and its competitors. First Financial Holding Co's current Cyclically Adjusted Revenue per Share is NT$5.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Financial Holding Co stock overvalued right now?
Based on GuruFocus' analysis, First Financial Holding Co (TPE:2892) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$30.32, compared to a current price of NT$34.80 — trading 14.8% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$5.04. First Financial Holding Co's overall GF Score™ is 78/100 with 8 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 First Financial Holding Co (TPE:2892), the current Cyclically Adjusted Revenue per Share is NT$5.04 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 First Financial Holding Co (TPE:2892) Overvalued in 2026?

Based on GuruFocus' analysis, First Financial Holding Co stock appears to be overvalued. The current stock price of NT$34.80 is trading 14.8% above its estimated GF Value™ of NT$30.32. GuruFocus considers First Financial Holding Co to be Modestly Overvalued.

Key valuation signals for TPE:2892:

  • Cyclically Adjusted Revenue per Share: NT$5.04
  • GF Value™: NT$30.32 vs. price of NT$34.80 (14.8% above fair value)
  • GF Score™: 78/100 with 8 warning signs

No single metric tells the full story. See the TPE:2892 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Financial Holding Co Business Description

Address 30, Chung King South Road, Sector 1, Taipei, TWN, 100
First Financial Holding Co Ltd is a financial services holding company that consists of various subsidiaries. The majority of the group's activities are overwhelmingly concentrated in Taiwan. Its key revenue contributing subsidiary, First Bank, derives its net revenue from net interest income through the provision of banking and other financial services. The Group operates globally in three business segments: Banking business, Securities business, Investment trust business and Insurance business. Maximum revenue is generated from the Banking business, which provides various banking and financial services such as corporate and personal banking, internet banking, remittance services, investment products, etc. Geographically, it derives key revenue from Taiwan.
78GF Score

Get the complete analysis for TPE:2892

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

NT$34.80
Price
NT$30.32
GF Value