Cheng Mei Materials Technology (TPE:4960) Cyclically Adjusted Revenue per Share: NT$23.44 (As of Dec. 2025)

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TPE:4960 Cheng Mei Materials Technology Corp TPE:4960
49 GF Score
Price NT$21.00
GF Value NT$13.16
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Cheng Mei Materials Technology Cyclically Adjusted Revenue per Share?

Cheng Mei Materials Technology TPE:4960 -3.67% 49 Cyclically Adjusted Revenue per Share is NT$23.44 as of Dec. 2025. GuruFocus rates TPE:4960 with a GF Score™ of 49/100 and a GF Value™ of NT$13.16 (Significantly Overvalued). The stock has 5 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.

Cheng Mei Materials Technology's adjusted revenue per share for the three months ended in Dec. 2025 was NT$3.981. 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$23.44 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Cheng Mei Materials Technology's average Cyclically Adjusted Revenue Growth Rate was -6.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -8.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -7.80% 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 Cheng Mei Materials Technology was -7.00% per year. The lowest was -8.50% per year. And the median was -7.75% per year.

As of today (2026-07-24), Cheng Mei Materials Technology's current stock price is NT$21.00. Cheng Mei Materials Technology's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$23.44. Cheng Mei Materials Technology's Cyclically Adjusted PS Ratio of today is 0.90.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Cheng Mei Materials Technology was 1.69. The lowest was 0.13. And the median was 0.44.


Cheng Mei Materials Technology  (TPE:4960) 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.

Cheng Mei Materials Technology's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=21.00/23.44
=0.90

* 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 Cheng Mei Materials Technology was 1.69. The lowest was 0.13. And the median was 0.44.


Be Aware

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


Cheng Mei Materials Technology Cyclically Adjusted Revenue per Share Related Terms


Cheng Mei Materials Technology Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Cheng Mei Materials Technology'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.

Cheng Mei Materials Technology Cyclically Adjusted Revenue per Share Chart

Cheng Mei Materials Technology 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 32.91 30.28 27.53 25.19 23.44

Cheng Mei Materials Technology 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 25.19 24.86 24.47 24.09 23.44

TPE:4960 vs APH, GLW: Cyclically Adjusted Revenue per Share Comparison

For the Electronic Components subindustry, Cheng Mei Materials Technology'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.


Cheng Mei Materials Technology Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Cheng Mei Materials Technology's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Cheng Mei Materials Technology's Cyclically Adjusted PS Ratio falls into.


TPE:4960
49GF Score
Cheng Mei Materials Technology Corp TPE:4960
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cheng Mei Materials Technology 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, Cheng Mei Materials Technology'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)
=3.981/324.0540*324.0540
=3.981

Current CPI (Dec. 2025) = 324.0540.

Cheng Mei Materials Technology Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 5.335 238.132 7.260
201606 5.985 241.018 8.047
201609 6.141 241.428 8.243
201612 6.151 241.432 8.256
201703 6.240 243.801 8.294
201706 6.278 244.955 8.305
201709 5.375 246.819 7.057
201712 4.744 246.524 6.236
201803 4.418 249.554 5.737
201806 4.908 251.989 6.312
201809 6.440 252.439 8.267
201812 6.995 251.233 9.023
201903 7.114 254.202 9.069
201906 6.604 256.143 8.355
201909 6.055 256.759 7.642
201912 6.569 256.974 8.284
202003 3.445 258.115 4.325
202006 4.121 257.797 5.180
202009 4.224 260.280 5.259
202012 4.881 260.474 6.072
202103 4.855 264.877 5.940
202106 4.855 271.696 5.791
202109 5.006 274.310 5.914
202112 4.930 278.802 5.730
202203 4.886 287.504 5.507
202206 4.356 296.311 4.764
202209 2.859 296.808 3.121
202212 3.267 296.797 3.567
202303 2.900 301.836 3.113
202306 4.471 305.109 4.749
202309 4.224 307.789 4.447
202312 3.960 306.746 4.183
202403 3.335 312.332 3.460
202406 5.336 314.175 5.504
202409 4.078 315.301 4.191
202412 3.808 315.605 3.910
202503 3.702 319.799 3.751
202506 3.728 322.561 3.745
202509 3.841 324.800 3.832
202512 3.981 324.054 3.981

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$23.44 mean?
Cheng Mei Materials Technology (TPE:4960) has a Cyclically Adjusted Revenue per Share of NT$23.44 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 Cheng Mei Materials Technology and its competitors.
Is Cheng Mei Materials Technology's Cyclically Adjusted Revenue per Share too high?
Cheng Mei Materials Technology's current Cyclically Adjusted Revenue per Share is NT$23.44. Overall, Cheng Mei Materials Technology has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Mei Materials Technology's Cyclically Adjusted Revenue per Share compare to APH and GLW?
Cheng Mei Materials Technology's Cyclically Adjusted Revenue per Share of NT$23.44 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 Cheng Mei Materials Technology and its competitors. Cheng Mei Materials Technology's current Cyclically Adjusted Revenue per Share is NT$23.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Mei Materials Technology stock overvalued right now?
Based on GuruFocus' analysis, Cheng Mei Materials Technology (TPE:4960) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$13.16, compared to a current price of NT$21.00 — trading 59.6% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$23.44. Cheng Mei Materials Technology's overall GF Score™ is 49/100 with 5 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 Cheng Mei Materials Technology (TPE:4960), the current Cyclically Adjusted Revenue per Share is NT$23.44 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 Cheng Mei Materials Technology (TPE:4960) Overvalued in 2026?

Based on GuruFocus' analysis, Cheng Mei Materials Technology stock appears to be overvalued. The current stock price of NT$21.00 is trading 59.6% above its estimated GF Value™ of NT$13.16. GuruFocus considers Cheng Mei Materials Technology to be Significantly Overvalued.

Key valuation signals for TPE:4960:

  • Cyclically Adjusted Revenue per Share: NT$23.44
  • GF Value™: NT$13.16 vs. price of NT$21.00 (59.6% above fair value)
  • GF Score™: 49/100 with 5 warning signs

No single metric tells the full story. See the TPE:4960 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cheng Mei Materials Technology Business Description

Address No. 13, Muzhagang West Road, Shanhua District, Tainan City, TWN, 741
Cheng Mei Materials Technology Corp is engaged in manufacturing and selling optoelectronic material and components (polarizing film). The company derives the majority of its revenue from China, and the rest from Taiwan and other Asian areas.
49GF Score

Get the complete analysis for TPE:4960

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

NT$21.00
Price
NT$13.16
GF Value