Taiwan Paiho (TPE:9938) Cyclically Adjusted Revenue per Share: NT$56.95 (As of Dec. 2025)

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TPE:9938 Taiwan Paiho Ltd TPE:9938
79 GF Score
Price NT$46.90
GF Value NT$68.68
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Taiwan Paiho Cyclically Adjusted Revenue per Share?

Taiwan Paiho TPE:9938 -0.42% 79 Cyclically Adjusted Revenue per Share is NT$56.95 as of Dec. 2025. GuruFocus rates TPE:9938 with a GF Score™ of 79/100 and a GF Value™ of NT$68.68 (Possible Value Trap). 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.

Taiwan Paiho's adjusted revenue per share for the three months ended in Dec. 2025 was NT$12.608. 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$56.95 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Taiwan Paiho's average Cyclically Adjusted Revenue Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.70% 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 Taiwan Paiho was 11.10% per year. The lowest was 4.70% per year. And the median was 9.50% per year.

As of today (2026-07-23), Taiwan Paiho's current stock price is NT$46.90. Taiwan Paiho's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$56.95. Taiwan Paiho's Cyclically Adjusted PS Ratio of today is 0.82.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Taiwan Paiho was 2.65. The lowest was 0.75. And the median was 1.33.


Taiwan Paiho  (TPE:9938) 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.

Taiwan Paiho's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=46.90/56.95
=0.82

* 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 Taiwan Paiho was 2.65. The lowest was 0.75. And the median was 1.33.


Be Aware

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


Taiwan Paiho Cyclically Adjusted Revenue per Share Related Terms


Taiwan Paiho Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Taiwan Paiho'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.

Taiwan Paiho Cyclically Adjusted Revenue per Share Chart

Taiwan Paiho 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 44.23 49.62 51.89 54.52 56.95

Taiwan Paiho 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 54.52 55.69 56.28 56.99 56.95

Taiwan Paiho Cyclically Adjusted Revenue per Share Competitor Comparison

For the Textile Manufacturing subindustry, Taiwan Paiho'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.


Taiwan Paiho Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Taiwan Paiho's Cyclically Adjusted PS Ratio falls into.


TPE:9938
79GF Score
Taiwan Paiho Ltd TPE:9938
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Paiho 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, Taiwan Paiho'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)
=12.608/324.0540*324.0540
=12.608

Current CPI (Dec. 2025) = 324.0540.

Taiwan Paiho Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 8.370 238.132 11.390
201606 8.981 241.018 12.075
201609 9.136 241.428 12.263
201612 9.137 241.432 12.264
201703 9.385 243.801 12.474
201706 9.620 244.955 12.726
201709 10.577 246.819 13.887
201712 9.823 246.524 12.912
201803 9.684 249.554 12.575
201806 10.111 251.989 13.003
201809 10.600 252.439 13.607
201812 15.659 251.233 20.198
201903 14.562 254.202 18.563
201906 11.917 256.143 15.077
201909 12.503 256.759 15.780
201912 12.371 256.974 15.600
202003 15.399 258.115 19.333
202006 10.050 257.797 12.633
202009 11.384 260.280 14.173
202012 12.230 260.474 15.215
202103 15.660 264.877 19.159
202106 20.133 271.696 24.013
202109 11.679 274.310 13.797
202112 13.811 278.802 16.053
202203 14.285 287.504 16.101
202206 16.850 296.311 18.428
202209 13.409 296.808 14.640
202212 9.922 296.797 10.833
202303 10.067 301.836 10.808
202306 9.028 305.109 9.589
202309 12.067 307.789 12.705
202312 10.580 306.746 11.177
202403 11.922 312.332 12.369
202406 12.475 314.175 12.867
202409 14.489 315.301 14.891
202412 12.931 315.605 13.277
202503 14.242 319.799 14.431
202506 11.975 322.561 12.030
202509 14.030 324.800 13.998
202512 12.608 324.054 12.608

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$56.95 mean?
Taiwan Paiho (TPE:9938) has a Cyclically Adjusted Revenue per Share of NT$56.95 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 Taiwan Paiho and its competitors.
Is Taiwan Paiho's Cyclically Adjusted Revenue per Share too high?
Taiwan Paiho's current Cyclically Adjusted Revenue per Share is NT$56.95. Overall, Taiwan Paiho has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Paiho's Cyclically Adjusted Revenue per Share compare to competitors?
Taiwan Paiho's Cyclically Adjusted Revenue per Share of NT$56.95 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 Taiwan Paiho and its competitors. Taiwan Paiho's current Cyclically Adjusted Revenue per Share is NT$56.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Paiho stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Paiho (TPE:9938) is currently considered Possible Value Trap. The stock's GF Value™ is NT$68.68, compared to a current price of NT$46.90 — trading 31.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$56.95. Taiwan Paiho's overall GF Score™ is 79/100 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 Taiwan Paiho (TPE:9938), the current Cyclically Adjusted Revenue per Share is NT$56.95 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 Taiwan Paiho (TPE:9938) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Paiho stock appears to be undervalued. The current stock price of NT$46.90 is trading 31.7% below its estimated GF Value™ of NT$68.68. GuruFocus considers Taiwan Paiho to be Possible Value Trap.

Key valuation signals for TPE:9938:

  • Cyclically Adjusted Revenue per Share: NT$56.95
  • GF Value™: NT$68.68 vs. price of NT$46.90 (31.7% below fair value)
  • GF Score™: 79/100 with 7 warning signs

No single metric tells the full story. See the TPE:9938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Paiho Business Description

Address No. 575, Hegang Road, Hemei Township, Changhua County, Changhua, TWN, 508004
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and related superficial materials, as well as residential buildings constructed by entrusted construction contractors. The Group is also engaged in the construction business, including the sale of housing, shopping centers, and office buildings constructed by entrusted construction contractors. The Group operates through two reportable segments: Production, which generates maximum revenue, and Construction. Its business mainly operates in Taiwan, China, and Vietnam, with maximum revenue generated from Vietnam.
79GF Score

Get the complete analysis for TPE:9938

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

NT$46.90
Price
NT$68.68
GF Value