Tonlin Department Store Co (TPE:2910) Cyclically Adjusted Revenue per Share: NT$3.79 (As of Dec. 2025)

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TPE:2910 Tonlin Department Store Co Ltd TPE:2910
73 GF Score
Price NT$23.55
GF Value NT$19.40
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Tonlin Department Store Co Cyclically Adjusted Revenue per Share?

Tonlin Department Store Co TPE:2910 -1.87% 73 Cyclically Adjusted Revenue per Share is NT$3.79 as of Dec. 2025. GuruFocus rates TPE:2910 with a GF Score™ of 73/100 and a GF Value™ of NT$19.40 (Modestly Overvalued). 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.

Tonlin Department Store Co's adjusted revenue per share for the three months ended in Dec. 2025 was NT$0.740. 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$3.79 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Tonlin Department Store 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 -3.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -3.40% 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 Tonlin Department Store Co was -0.80% per year. The lowest was -10.30% per year. And the median was -3.65% per year.

As of today (2026-07-26), Tonlin Department Store Co's current stock price is NT$23.55. Tonlin Department Store Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$3.79. Tonlin Department Store Co's Cyclically Adjusted PS Ratio of today is 6.21.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tonlin Department Store Co was 11.09. The lowest was 4.13. And the median was 6.60.


Tonlin Department Store Co  (TPE:2910) 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.

Tonlin Department Store Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=23.55/3.79
=6.21

* 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 Tonlin Department Store Co was 11.09. The lowest was 4.13. And the median was 6.60.


Be Aware

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


Tonlin Department Store Co Cyclically Adjusted Revenue per Share Related Terms


Tonlin Department Store Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Tonlin Department Store 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.

Tonlin Department Store Co Cyclically Adjusted Revenue per Share Chart

Tonlin Department Store 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 3.99 4.15 4.18 3.90 3.79

Tonlin Department Store 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 3.90 3.92 3.88 3.88 3.79

TPE:2910 vs DDS, M: Cyclically Adjusted Revenue per Share Comparison

For the Department Stores subindustry, Tonlin Department Store 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.


Tonlin Department Store Co Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tonlin Department Store Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tonlin Department Store Co's Cyclically Adjusted PS Ratio falls into.


TPE:2910
73GF Score
Tonlin Department Store Co Ltd TPE:2910
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tonlin Department Store 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, Tonlin Department Store 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)
=0.74/324.0540*324.0540
=0.740

Current CPI (Dec. 2025) = 324.0540.

Tonlin Department Store Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.827 238.132 1.125
201606 1.015 241.018 1.365
201609 0.752 241.428 1.009
201612 1.223 241.432 1.642
201703 0.614 243.801 0.816
201706 0.368 244.955 0.487
201709 0.293 246.819 0.385
201712 0.327 246.524 0.430
201803 0.693 249.554 0.900
201806 0.560 251.989 0.720
201809 0.447 252.439 0.574
201812 0.908 251.233 1.171
201903 0.680 254.202 0.867
201906 0.947 256.143 1.198
201909 0.755 256.759 0.953
201912 1.227 256.974 1.547
202003 0.710 258.115 0.891
202006 0.591 257.797 0.743
202009 0.760 260.280 0.946
202012 1.107 260.474 1.377
202103 1.165 264.877 1.425
202106 0.546 271.696 0.651
202109 0.687 274.310 0.812
202112 0.645 278.802 0.750
202203 1.076 287.504 1.213
202206 0.639 296.311 0.699
202209 1.196 296.808 1.306
202212 1.105 296.797 1.206
202303 0.651 301.836 0.699
202306 1.081 305.109 1.148
202309 0.692 307.789 0.729
202312 1.495 306.746 1.579
202403 0.745 312.332 0.773
202406 1.145 314.175 1.181
202409 0.718 315.301 0.738
202412 0.843 315.605 0.866
202503 0.725 319.799 0.735
202506 0.697 322.561 0.700
202509 0.757 324.800 0.755
202512 0.740 324.054 0.740

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$3.79 mean?
Tonlin Department Store Co (TPE:2910) has a Cyclically Adjusted Revenue per Share of NT$3.79 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 Tonlin Department Store Co and its competitors.
Is Tonlin Department Store Co's Cyclically Adjusted Revenue per Share too high?
Tonlin Department Store Co's current Cyclically Adjusted Revenue per Share is NT$3.79. Overall, Tonlin Department Store Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tonlin Department Store Co's Cyclically Adjusted Revenue per Share compare to DDS and M?
Tonlin Department Store Co's Cyclically Adjusted Revenue per Share of NT$3.79 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Cyclically Adjusted Revenue per Share depends on the Retail - Cyclical 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 Tonlin Department Store Co and its competitors. Tonlin Department Store Co's current Cyclically Adjusted Revenue per Share is NT$3.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tonlin Department Store Co stock overvalued right now?
Based on GuruFocus' analysis, Tonlin Department Store Co (TPE:2910) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$19.40, compared to a current price of NT$23.55 — trading 21.4% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$3.79. Tonlin Department Store Co's overall GF Score™ is 73/100 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 Tonlin Department Store Co (TPE:2910), the current Cyclically Adjusted Revenue per Share is NT$3.79 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 Tonlin Department Store Co (TPE:2910) Overvalued in 2026?

Based on GuruFocus' analysis, Tonlin Department Store Co stock appears to be overvalued. The current stock price of NT$23.55 is trading 21.4% above its estimated GF Value™ of NT$19.40. GuruFocus considers Tonlin Department Store Co to be Modestly Overvalued.

Key valuation signals for TPE:2910:

  • Cyclically Adjusted Revenue per Share: NT$3.79
  • GF Value™: NT$19.40 vs. price of NT$23.55 (21.4% above fair value)
  • GF Score™: 73/100 with 7 warning signs

No single metric tells the full story. See the TPE:2910 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tonlin Department Store Co Business Description

Address Zhongxiao East Road, 10th Floor-6, No.197, Section 4, Taipei, TWN
Tonlin Department Store Co Ltd operates department stores offering men's and women's apparel and accessories, food, gifts, and general merchandise, among others. The reporting segments for the company are: Department store and Construction segment. Maximum revenue is generated from the Department store segment.
73GF Score

Get the complete analysis for TPE:2910

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

NT$23.55
Price
NT$19.40
GF Value