Merida Industry Co (TPE:9914) Cyclically Adjusted Revenue per Share: NT$109.78 (As of Mar. 2026)

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TPE:9914 Merida Industry Co Ltd TPE:9914
71 GF Score
Price NT$78.90
GF Value NT$130.78
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Merida Industry Co Cyclically Adjusted Revenue per Share?

Merida Industry Co TPE:9914 +1.02% 71 Cyclically Adjusted Revenue per Share is NT$109.78 as of Mar. 2026. GuruFocus rates TPE:9914 with a GF Score™ of 71/100 and a GF Value™ of NT$130.78 (Significantly Undervalued). 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.

Merida Industry Co's adjusted revenue per share for the three months ended in Mar. 2026 was NT$17.715. 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$109.78 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Merida Industry Co's average Cyclically Adjusted Revenue Growth Rate was -0.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 0.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.60% 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 Merida Industry Co was 6.90% per year. The lowest was 0.60% per year. And the median was 5.20% per year.

As of today (2026-07-26), Merida Industry Co's current stock price is NT$78.90. Merida Industry Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$109.78. Merida Industry Co's Cyclically Adjusted PS Ratio of today is 0.72.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Merida Industry Co was 3.80. The lowest was 0.51. And the median was 1.93.


Merida Industry Co  (TPE:9914) 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.

Merida Industry Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=78.90/109.78
=0.72

* 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 Merida Industry Co was 3.80. The lowest was 0.51. And the median was 1.93.


Be Aware

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


Merida Industry Co Cyclically Adjusted Revenue per Share Related Terms


Merida Industry Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Merida Industry 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.

Merida Industry Co Cyclically Adjusted Revenue per Share Chart

Merida Industry 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 98.36 106.67 108.32 109.32 108.46

Merida Industry Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 110.51 110.65 109.95 108.46 109.78

TPE:9914 vs AS, HAS, LTH: Cyclically Adjusted Revenue per Share Comparison

For the Leisure subindustry, Merida Industry 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.


Merida Industry Co Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Merida Industry Co's Cyclically Adjusted PS Ratio falls into.


TPE:9914
71GF Score
Merida Industry Co Ltd TPE:9914
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merida Industry 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, Merida Industry Co's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=17.715/330.2130*330.2130
=17.715

Current CPI (Mar. 2026) = 330.2130.

Merida Industry Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 18.743 241.018 25.679
201609 21.148 241.428 28.925
201612 18.280 241.432 25.002
201703 15.973 243.801 21.634
201706 17.666 244.955 23.815
201709 21.983 246.819 29.411
201712 19.179 246.524 25.690
201803 19.220 249.554 25.432
201806 23.642 251.989 30.981
201809 23.599 252.439 30.870
201812 19.739 251.233 25.944
201903 18.578 254.202 24.133
201906 25.111 256.143 32.372
201909 26.134 256.759 33.610
201912 24.382 256.974 31.331
202003 17.525 258.115 22.420
202006 25.302 257.797 32.409
202009 24.161 260.280 30.653
202012 23.009 260.474 29.169
202103 26.770 264.877 33.373
202106 24.287 271.696 29.518
202109 25.037 274.310 30.139
202112 21.840 278.802 25.867
202203 27.120 287.504 31.149
202206 29.394 296.311 32.757
202209 31.409 296.808 34.944
202212 35.198 296.797 39.161
202303 27.872 301.836 30.492
202306 24.873 305.109 26.920
202309 22.316 307.789 23.942
202312 15.789 306.746 16.997
202403 19.502 312.332 20.618
202406 31.145 314.175 32.735
202409 28.873 315.301 30.239
202412 19.401 315.605 20.299
202503 25.292 319.799 26.116
202506 23.466 322.561 24.023
202509 24.045 324.800 24.446
202512 16.525 324.054 16.839
202603 17.715 330.213 17.715

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$109.78 mean?
Merida Industry Co (TPE:9914) has a Cyclically Adjusted Revenue per Share of NT$109.78 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Merida Industry Co and its competitors.
Is Merida Industry Co's Cyclically Adjusted Revenue per Share too high?
Merida Industry Co's current Cyclically Adjusted Revenue per Share is NT$109.78. Overall, Merida Industry Co has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merida Industry Co's Cyclically Adjusted Revenue per Share compare to AS and HAS?
Merida Industry Co's Cyclically Adjusted Revenue per Share of NT$109.78 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Cyclically Adjusted Revenue per Share depends on the Travel & Leisure 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 Merida Industry Co and its competitors. Merida Industry Co's current Cyclically Adjusted Revenue per Share is NT$109.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merida Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Merida Industry Co (TPE:9914) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$130.78, compared to a current price of NT$78.90 — trading 39.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$109.78. Merida Industry Co's overall GF Score™ is 71/100 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 Merida Industry Co (TPE:9914), the current Cyclically Adjusted Revenue per Share is NT$109.78 as of Mar. 2026. 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 Merida Industry Co (TPE:9914) Overvalued in 2026?

Based on GuruFocus' analysis, Merida Industry Co stock appears to be undervalued. The current stock price of NT$78.90 is trading 39.7% below its estimated GF Value™ of NT$130.78. GuruFocus considers Merida Industry Co to be Significantly Undervalued.

Key valuation signals for TPE:9914:

  • Cyclically Adjusted Revenue per Share: NT$109.78
  • GF Value™: NT$130.78 vs. price of NT$78.90 (39.7% below fair value)
  • GF Score™: 71/100 with 5 warning signs

No single metric tells the full story. See the TPE:9914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Merida Industry Co Business Description

Address No. 116, Meigang Road, Dacun Township, Changhua County, Yuanlin, TWN
Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. It distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.
71GF Score

Get the complete analysis for TPE:9914

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

NT$78.90
Price
NT$130.78
GF Value