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Tah hsin Industrial (TPE:1315) Cyclically Adjusted PS Ratio : 2.25 (As of Jun. 01, 2024)


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What is Tah hsin Industrial Cyclically Adjusted PS Ratio?

As of today (2024-06-01), Tah hsin Industrial's current share price is NT$72.20. Tah hsin Industrial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$32.16. Tah hsin Industrial's Cyclically Adjusted PS Ratio for today is 2.25.

The historical rank and industry rank for Tah hsin Industrial's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:1315' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.9   Med: 2.58   Max: 3.46
Current: 2.21

During the past years, Tah hsin Industrial's highest Cyclically Adjusted PS Ratio was 3.46. The lowest was 1.90. And the median was 2.58.

TPE:1315's Cyclically Adjusted PS Ratio is ranked worse than
82.69% of 861 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.64 vs TPE:1315: 2.21

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.

Tah hsin Industrial's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$4.767. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is NT$32.16 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tah hsin Industrial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tah hsin Industrial's Cyclically Adjusted PS Ratio 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.

* Premium members only.

Tah hsin Industrial Cyclically Adjusted PS Ratio Chart

Tah hsin Industrial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.82 3.16 2.65 2.14 2.28

Tah hsin Industrial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio 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 2.15 2.14 2.22 2.28 2.25

Competitive Comparison of Tah hsin Industrial's Cyclically Adjusted PS Ratio

For the Apparel Manufacturing subindustry, Tah hsin Industrial'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.


Tah hsin Industrial's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Tah hsin Industrial's Cyclically Adjusted PS Ratio falls into.



Tah hsin Industrial Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Tah hsin Industrial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=72.20/32.16
=2.25

* 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.

Tah hsin Industrial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Tah hsin Industrial's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=4.767/131.7762*131.7762
=4.767

Current CPI (Mar. 2024) = 131.7762.

Tah hsin Industrial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.043 100.560 9.229
201409 8.404 100.428 11.027
201412 7.915 99.070 10.528
201503 6.684 99.621 8.841
201506 7.373 100.684 9.650
201509 7.846 100.392 10.299
201512 6.842 99.792 9.035
201603 7.440 100.470 9.758
201606 6.977 101.688 9.041
201609 9.009 101.861 11.655
201612 6.883 101.863 8.904
201703 7.278 102.862 9.324
201706 6.825 103.349 8.702
201709 7.410 104.136 9.377
201712 6.043 104.011 7.656
201803 6.003 105.290 7.513
201806 6.676 106.317 8.275
201809 7.611 106.507 9.417
201812 6.716 105.998 8.349
201903 5.344 107.251 6.566
201906 6.346 108.070 7.738
201909 7.957 108.329 9.679
201912 5.798 108.420 7.047
202003 3.821 108.902 4.624
202006 5.036 108.767 6.101
202009 5.313 109.815 6.376
202012 6.331 109.897 7.591
202103 5.630 111.754 6.639
202106 5.676 114.631 6.525
202109 9.985 115.734 11.369
202112 6.443 117.630 7.218
202203 6.423 121.301 6.978
202206 7.232 125.017 7.623
202209 7.845 125.227 8.255
202212 6.437 125.222 6.774
202303 5.662 127.348 5.859
202306 6.561 128.729 6.716
202309 5.503 129.860 5.584
202312 4.856 129.419 4.944
202403 4.767 131.776 4.767

Add all the adjusted revenue per share together and divide 10 will get our 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.


Tah hsin Industrial  (TPE:1315) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Tah hsin Industrial Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Tah hsin Industrial's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Tah hsin Industrial (TPE:1315) Business Description

Traded in Other Exchanges
N/A
Address
No. 51, 35th Road, Taichung Industrial Park, Xitun District, Taichung, TWN
Tah hsin Industrial Corp is engaged in the manufacturing and trading of a variety of plastic raincoats, nylon raincoats, overalls, wardrobes, nylon jackets, PP corrugated boards, TC ready-to-wear garments, leather goods, handbags, file folders, plastic film, carrier bags, laminating machines, and others. Its operating segment includes Tahsin in Taiwan, Tahsin Shoji Co., Ltd, United States T.H. USA; Fujian Putian DAFU Plastic Industry Co., Ltd; Tah Viet Co., Ltd; Myanmar Tahsin; Tah Fa Investment Co., Ltd, and others. The company generates maximum revenue from the Tahsin Taiwan segment.

Tah hsin Industrial (TPE:1315) Headlines

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