Cheer Time Enterprise Co (TPE:3229) Cyclically Adjusted Revenue per Share: NT$21.89 (As of Dec. 2025)

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TPE:3229 Cheer Time Enterprise Co Ltd TPE:3229
56 GF Score
Price NT$40.85
GF Value NT$15.05
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Cheer Time Enterprise Co Cyclically Adjusted Revenue per Share?

Cheer Time Enterprise Co TPE:3229 +8.50% 56 Cyclically Adjusted Revenue per Share is NT$21.89 as of Dec. 2025. GuruFocus rates TPE:3229 with a GF Score™ of 56/100 and a GF Value™ of NT$15.05 (Significantly Overvalued). The stock has 1 warning sign 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.

Cheer Time Enterprise Co's adjusted revenue per share for the three months ended in Dec. 2025 was NT$4.771. 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$21.89 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Cheer Time Enterprise Co's average Cyclically Adjusted Revenue Growth Rate was -4.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -4.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.20% 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 Cheer Time Enterprise Co was 0.70% per year. The lowest was -5.00% per year. And the median was -2.20% per year.

As of today (2026-07-22), Cheer Time Enterprise Co's current stock price is NT$40.85. Cheer Time Enterprise Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$21.89. Cheer Time Enterprise Co's Cyclically Adjusted PS Ratio of today is 1.87.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Cheer Time Enterprise Co was 2.26. The lowest was 0.55. And the median was 0.88.


Cheer Time Enterprise Co  (TPE:3229) 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.

Cheer Time Enterprise Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=40.85/21.89
=1.87

* 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 Cheer Time Enterprise Co was 2.26. The lowest was 0.55. And the median was 0.88.


Be Aware

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


Cheer Time Enterprise Co Cyclically Adjusted Revenue per Share Related Terms


Cheer Time Enterprise Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Cheer Time Enterprise 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.

Cheer Time Enterprise Co Cyclically Adjusted Revenue per Share Chart

Cheer Time Enterprise 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 22.35 25.34 24.05 22.80 21.89

Cheer Time Enterprise 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 22.80 22.76 22.41 22.17 21.89

TPE:3229 vs APH, GLW: Cyclically Adjusted Revenue per Share Comparison

For the Electronic Components subindustry, Cheer Time Enterprise 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.


Cheer Time Enterprise Co Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Cheer Time Enterprise Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Cheer Time Enterprise Co's Cyclically Adjusted PS Ratio falls into.


TPE:3229
56GF Score
Cheer Time Enterprise Co Ltd TPE:3229
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cheer Time Enterprise 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, Cheer Time Enterprise 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)
=4.771/324.0540*324.0540
=4.771

Current CPI (Dec. 2025) = 324.0540.

Cheer Time Enterprise Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 4.397 238.132 5.984
201606 4.548 241.018 6.115
201609 3.152 241.428 4.231
201612 3.468 241.432 4.655
201703 3.813 243.801 5.068
201706 3.802 244.955 5.030
201709 3.953 246.819 5.190
201712 3.109 246.524 4.087
201803 3.693 249.554 4.795
201806 4.354 251.989 5.599
201809 3.268 252.439 4.195
201812 3.281 251.233 4.232
201903 2.998 254.202 3.822
201906 3.894 256.143 4.926
201909 5.868 256.759 7.406
201912 4.796 256.974 6.048
202003 3.050 258.115 3.829
202006 3.743 257.797 4.705
202009 2.770 260.280 3.449
202012 2.580 260.474 3.210
202103 3.190 264.877 3.903
202106 3.533 271.696 4.214
202109 3.671 274.310 4.337
202112 3.228 278.802 3.752
202203 2.609 287.504 2.941
202206 3.539 296.311 3.870
202209 3.888 296.808 4.245
202212 44.802 296.797 48.916
202303 3.956 301.836 4.247
202306 3.455 305.109 3.670
202309 3.483 307.789 3.667
202312 3.482 306.746 3.678
202403 3.157 312.332 3.275
202406 3.865 314.175 3.987
202409 3.433 315.301 3.528
202412 3.775 315.605 3.876
202503 3.660 319.799 3.709
202506 3.756 322.561 3.773
202509 3.928 324.800 3.919
202512 4.771 324.054 4.771

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$21.89 mean?
Cheer Time Enterprise Co (TPE:3229) has a Cyclically Adjusted Revenue per Share of NT$21.89 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 Cheer Time Enterprise Co and its competitors.
Is Cheer Time Enterprise Co's Cyclically Adjusted Revenue per Share too high?
Cheer Time Enterprise Co's current Cyclically Adjusted Revenue per Share is NT$21.89. Overall, Cheer Time Enterprise Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cheer Time Enterprise Co's Cyclically Adjusted Revenue per Share compare to APH and GLW?
Cheer Time Enterprise Co's Cyclically Adjusted Revenue per Share of NT$21.89 can be compared against companies in the Hardware 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 Hardware company?
A good Cyclically Adjusted Revenue per Share depends on the Hardware 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 Cheer Time Enterprise Co and its competitors. Cheer Time Enterprise Co's current Cyclically Adjusted Revenue per Share is NT$21.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheer Time Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Cheer Time Enterprise Co (TPE:3229) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$15.05, compared to a current price of NT$40.85 — trading 171.4% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$21.89. Cheer Time Enterprise Co's overall GF Score™ is 56/100 with 1 warning sign 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 Cheer Time Enterprise Co (TPE:3229), the current Cyclically Adjusted Revenue per Share is NT$21.89 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 Cheer Time Enterprise Co (TPE:3229) Overvalued in 2026?

Based on GuruFocus' analysis, Cheer Time Enterprise Co stock appears to be overvalued. The current stock price of NT$40.85 is trading 171.4% above its estimated GF Value™ of NT$15.05. GuruFocus considers Cheer Time Enterprise Co to be Significantly Overvalued.

Key valuation signals for TPE:3229:

  • Cyclically Adjusted Revenue per Share: NT$21.89
  • GF Value™: NT$15.05 vs. price of NT$40.85 (171.4% above fair value)
  • GF Score™: 56/100 with 1 warning sign

No single metric tells the full story. See the TPE:3229 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cheer Time Enterprise Co Business Description

Address No. 2, Lane 305, South Cyonglin Road, Sinjhuang District, New Taipei, TWN, 242
Cheer Time Enterprise Co Ltd is engaged in the manufacturing, processing and sales of rigid Printed Circuit Board (PCB), as well as international trade. The company's products include HDI, Teflon, ceramic plate, ceramic plate + FR-4, Load Board PCB, Aluminum substrate, rigid-flex PCB, Special process images, PCB drilling, Phosphor bronze balls, and Electronic components. It derives the majority of revenue from Manufacturing and sales of printed circuit boards. Geographically, it derives the majority of revenue from Taiwan, Asia (excluding Taiwan), North America, Oceania, and Europe with the majority of revenue deriving from Taiwan.
56GF Score

Get the complete analysis for TPE:3229

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

NT$40.85
Price
NT$15.05
GF Value