Hua Hsuan Real Estate Co (ROCO:2740) Cyclically Adjusted Book per Share: NT$23.76 (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.

ROCO:2740 Hua Hsuan Real Estate Co Ltd ROCO:2740
53 GF Score
Price NT$33.85
GF Value NT$22.98
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Hua Hsuan Real Estate Co Cyclically Adjusted Book per Share?

Hua Hsuan Real Estate Co ROCO:2740 -0.15% 53 Cyclically Adjusted Book per Share is NT$23.76 as of Dec. 2025. GuruFocus rates ROCO:2740 with a GF Score™ of 53/100 and a GF Value™ of NT$22.98 (Significantly Overvalued). The stock has 3 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Hua Hsuan Real Estate Co's adjusted book value per share for the three months ended in Dec. 2025 was NT$5.606. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is NT$23.76 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Hua Hsuan Real Estate Co's average Cyclically Adjusted Book Growth Rate was -18.70% 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 Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2026-07-27), Hua Hsuan Real Estate Co's current stock price is NT$33.85. Hua Hsuan Real Estate Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$23.76. Hua Hsuan Real Estate Co's Cyclically Adjusted PB Ratio of today is 1.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hua Hsuan Real Estate Co was 2.43. The lowest was 0.83. And the median was 1.66.


Hua Hsuan Real Estate Co  (ROCO:2740) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB 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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Hua Hsuan Real Estate Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=33.85/23.76
=1.42

* 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 PB Ratio of Hua Hsuan Real Estate Co was 2.43. The lowest was 0.83. And the median was 1.66.


Be Aware

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


Hua Hsuan Real Estate Co Cyclically Adjusted Book per Share Related Terms


Hua Hsuan Real Estate Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Hua Hsuan Real Estate Co's Cyclically Adjusted Book 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.

Hua Hsuan Real Estate Co Cyclically Adjusted Book per Share Chart

Hua Hsuan Real Estate Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 31.46 29.22 23.76

Hua Hsuan Real Estate 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 Book 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 29.22 28.11 27.05 25.84 23.76

ROCO:2740 vs MCD, SBUX, YUM: Cyclically Adjusted Book per Share Comparison

For the Restaurants subindustry, Hua Hsuan Real Estate Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Hua Hsuan Real Estate Co Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Hua Hsuan Real Estate Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hua Hsuan Real Estate Co's Cyclically Adjusted PB Ratio falls into.


ROCO:2740
53GF Score
Hua Hsuan Real Estate Co Ltd ROCO:2740
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hua Hsuan Real Estate Co Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value 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 Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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, Hua Hsuan Real Estate Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book= Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=5.606/324.0540*324.0540
=5.606

Current CPI (Dec. 2025) = 324.0540.

Hua Hsuan Real Estate Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 61.223 238.132 83.313
201606 54.521 241.018 73.305
201609 52.882 241.428 70.980
201612 48.560 241.432 65.178
201703 41.876 243.801 55.660
201706 38.809 244.955 51.341
201709 37.243 246.819 48.897
201712 34.397 246.524 45.215
201803 33.203 249.554 43.115
201806 30.793 251.989 39.599
201809 30.485 252.439 39.133
201812 23.538 251.233 30.361
201903 19.619 254.202 25.010
201906 15.758 256.143 19.936
201909 11.447 256.759 14.447
201912 9.169 256.974 11.562
202003 9.240 258.115 11.600
202006 10.001 257.797 12.571
202009 9.072 260.280 11.295
202012 7.643 260.474 9.509
202103 6.506 264.877 7.960
202106 5.550 271.696 6.620
202109 3.950 274.310 4.666
202112 3.128 278.802 3.636
202203 1.957 287.504 2.206
202206 12.940 296.311 14.152
202209 17.170 296.808 18.746
202212 15.383 296.797 16.796
202303 14.667 301.836 15.747
202306 14.008 305.109 14.878
202309 13.081 307.789 13.772
202312 11.441 306.746 12.087
202403 9.619 312.332 9.980
202406 8.430 314.175 8.695
202409 7.745 315.301 7.960
202412 6.802 315.605 6.984
202503 5.729 319.799 5.805
202506 6.299 322.561 6.328
202509 5.860 324.800 5.847
202512 5.606 324.054 5.606

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of NT$23.76 mean?
Hua Hsuan Real Estate Co (ROCO:2740) has a Cyclically Adjusted Book per Share of NT$23.76 as of Dec. 2025. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Hua Hsuan Real Estate Co and its competitors.
Is Hua Hsuan Real Estate Co's Cyclically Adjusted Book per Share too high?
Hua Hsuan Real Estate Co's current Cyclically Adjusted Book per Share is NT$23.76. Overall, Hua Hsuan Real Estate Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hua Hsuan Real Estate Co's Cyclically Adjusted Book per Share compare to MCD and SBUX?
Hua Hsuan Real Estate Co's Cyclically Adjusted Book per Share of NT$23.76 can be compared against companies in the Restaurants 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 Book per Share for a Restaurants company?
A good Cyclically Adjusted Book per Share depends on the Restaurants industry context. However, Cyclically Adjusted Book 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 Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Hua Hsuan Real Estate Co and its competitors. Hua Hsuan Real Estate Co's current Cyclically Adjusted Book per Share is NT$23.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hua Hsuan Real Estate Co stock overvalued right now?
Based on GuruFocus' analysis, Hua Hsuan Real Estate Co (ROCO:2740) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$22.98, compared to a current price of NT$33.85 — trading 47.3% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$23.76. Hua Hsuan Real Estate Co's overall GF Score™ is 53/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Hua Hsuan Real Estate Co (ROCO:2740), the current Cyclically Adjusted Book per Share is NT$23.76 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 Hua Hsuan Real Estate Co (ROCO:2740) Overvalued in 2026?

Based on GuruFocus' analysis, Hua Hsuan Real Estate Co stock appears to be overvalued. The current stock price of NT$33.85 is trading 47.3% above its estimated GF Value™ of NT$22.98. GuruFocus considers Hua Hsuan Real Estate Co to be Significantly Overvalued.

Key valuation signals for ROCO:2740:

  • Cyclically Adjusted Book per Share: NT$23.76
  • GF Value™: NT$22.98 vs. price of NT$33.85 (47.3% above fair value)
  • GF Score™: 53/100 with 3 warning signs

No single metric tells the full story. See the ROCO:2740 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hua Hsuan Real Estate Co Business Description

Address No. 159, Gongyuan Road, Linkou District 244, Taipei, TWN
Hua Hsuan Real Estate Co Ltd, formerly Mr Onion Corp is a Taiwan-based company engaged in using Italian cuisine as the base and combining the theme of European and American cuisine to prepare meals that suit the taste of the East.
53GF Score

Get the complete analysis for ROCO:2740

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

NT$33.85
Price
NT$22.98
GF Value