Shui-Mu International Co (TPE:8443) Cyclically Adjusted Revenue per Share: NT$25.10 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:8443 Shui-Mu International Co Ltd TPE:8443
68 GF Score
Price NT$11.40
GF Value NT$11.15
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Shui-Mu International Co Cyclically Adjusted Revenue per Share?

Shui-Mu International Co TPE:8443 +0.44% 68 Cyclically Adjusted Revenue per Share is NT$25.10 as of Dec. 2025. GuruFocus rates TPE:8443 with a GF Score™ of 68/100 and a GF Value™ of NT$11.15 (Fairly Valued). The stock has 4 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.

Shui-Mu International Co's adjusted revenue per share for the three months ended in Dec. 2025 was NT$4.399. 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$25.10 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Shui-Mu International Co's average Cyclically Adjusted Revenue Growth Rate was -7.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -9.90% 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 Shui-Mu International Co was -9.90% per year. The lowest was -9.90% per year. And the median was -9.90% per year.

As of today (2026-07-26), Shui-Mu International Co's current stock price is NT$11.40. Shui-Mu International Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$25.10. Shui-Mu International Co's Cyclically Adjusted PS Ratio of today is 0.45.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Shui-Mu International Co was 0.48. The lowest was 0.31. And the median was 0.41.


Shui-Mu International Co  (TPE:8443) 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.

Shui-Mu International Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=11.40/25.10
=0.45

* 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 Shui-Mu International Co was 0.48. The lowest was 0.31. And the median was 0.41.


Be Aware

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


Shui-Mu International Co Cyclically Adjusted Revenue per Share Related Terms


Shui-Mu International Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Shui-Mu International 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.

Shui-Mu International Co Cyclically Adjusted Revenue per Share Chart

Shui-Mu International 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 0.00 34.35 30.33 27.25 25.10

Shui-Mu International 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 27.25 26.89 26.41 25.94 25.10

TPE:8443 vs NKE, DECK, ONON: Cyclically Adjusted Revenue per Share Comparison

For the Footwear & Accessories subindustry, Shui-Mu International 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.


Shui-Mu International Co Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shui-Mu International Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shui-Mu International Co's Cyclically Adjusted PS Ratio falls into.


TPE:8443
68GF Score
Shui-Mu International Co Ltd TPE:8443
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shui-Mu International 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, Shui-Mu International 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)
=4.399/324.0540*324.0540
=4.399

Current CPI (Dec. 2025) = 324.0540.

Shui-Mu International Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 7.600 238.132 10.342
201606 8.141 241.018 10.946
201609 6.864 241.428 9.213
201612 6.838 241.432 9.178
201703 6.354 243.801 8.446
201706 5.566 244.955 7.363
201709 5.398 246.819 7.087
201712 6.796 246.524 8.933
201803 6.552 249.554 8.508
201806 5.790 251.989 7.446
201809 5.637 252.439 7.236
201812 6.080 251.233 7.842
201903 6.107 254.202 7.785
201906 5.406 256.143 6.839
201909 5.452 256.759 6.881
201912 6.602 256.974 8.325
202003 4.757 258.115 5.972
202006 4.720 257.797 5.933
202009 5.115 260.280 6.368
202012 5.922 260.474 7.368
202103 4.604 264.877 5.633
202106 3.125 271.696 3.727
202109 3.394 274.310 4.009
202112 5.105 278.802 5.934
202203 5.244 287.504 5.911
202206 4.232 296.311 4.628
202209 4.370 296.808 4.771
202212 4.724 296.797 5.158
202303 4.485 301.836 4.815
202306 4.727 305.109 5.021
202309 4.263 307.789 4.488
202312 4.345 306.746 4.590
202403 4.554 312.332 4.725
202406 3.626 314.175 3.740
202409 3.998 315.301 4.109
202412 4.784 315.605 4.912
202503 4.494 319.799 4.554
202506 3.987 322.561 4.005
202509 3.840 324.800 3.831
202512 4.399 324.054 4.399

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$25.10 mean?
Shui-Mu International Co (TPE:8443) has a Cyclically Adjusted Revenue per Share of NT$25.10 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 Shui-Mu International Co and its competitors.
Is Shui-Mu International Co's Cyclically Adjusted Revenue per Share too high?
Shui-Mu International Co's current Cyclically Adjusted Revenue per Share is NT$25.10. Overall, Shui-Mu International Co has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shui-Mu International Co's Cyclically Adjusted Revenue per Share compare to NKE and DECK?
Shui-Mu International Co's Cyclically Adjusted Revenue per Share of NT$25.10 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Revenue per Share depends on the Manufacturing - Apparel & Accessories 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 Shui-Mu International Co and its competitors. Shui-Mu International Co's current Cyclically Adjusted Revenue per Share is NT$25.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shui-Mu International Co stock overvalued right now?
Based on GuruFocus' analysis, Shui-Mu International Co (TPE:8443) is currently considered Fairly Valued. The stock's GF Value™ is NT$11.15, compared to a current price of NT$11.40 — trading 2.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$25.10. Shui-Mu International Co's overall GF Score™ is 68/100 with 4 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 Shui-Mu International Co (TPE:8443), the current Cyclically Adjusted Revenue per Share is NT$25.10 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 Shui-Mu International Co (TPE:8443) Overvalued in 2026?

Based on GuruFocus' analysis, Shui-Mu International Co stock appears to be overvalued. The current stock price of NT$11.40 is trading 2.2% above its estimated GF Value™ of NT$11.15. GuruFocus considers Shui-Mu International Co to be Fairly Valued.

Key valuation signals for TPE:8443:

  • Cyclically Adjusted Revenue per Share: NT$25.10
  • GF Value™: NT$11.15 vs. price of NT$11.40 (2.2% above fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the TPE:8443 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shui-Mu International Co Business Description

Address Songjiang Road, 6th Floor, No.168, Zhongshan District, Taipei, TWN
Shui-Mu International Co Ltd is a Taiwan-based shoe retailing company, engaged in the wholesale and retail of shoes and bags. Its primary geographic market is Taiwan.
68GF Score

Get the complete analysis for TPE:8443

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

NT$11.40
Price
NT$11.15
GF Value