Fu Yu Property Co (ROCO:4907) Cyclically Adjusted Book per Share: NT$18.03 (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:4907 Fu Yu Property Co Ltd ROCO:4907
71 GF Score
Price NT$40.65
GF Value NT$27.12
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Fu Yu Property Co Cyclically Adjusted Book per Share?

Fu Yu Property Co ROCO:4907 -0.49% 71 Cyclically Adjusted Book per Share is NT$18.03 as of Dec. 2025. GuruFocus rates ROCO:4907 with a GF Score™ of 71/100 and a GF Value™ of NT$27.12 (Significantly Overvalued). 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 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.

Fu Yu Property Co's adjusted book value per share for the three months ended in Dec. 2025 was NT$20.896. 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$18.03 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Fu Yu Property Co's average Cyclically Adjusted Book Growth Rate was 10.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.20% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Fu Yu Property Co was 20.80% per year. The lowest was 12.10% per year. And the median was 17.80% per year.

As of today (2026-07-15), Fu Yu Property Co's current stock price is NT$40.65. Fu Yu Property Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$18.03. Fu Yu Property Co's Cyclically Adjusted PB Ratio of today is 2.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fu Yu Property Co was 6.93. The lowest was 1.90. And the median was 2.70.


Fu Yu Property Co  (ROCO:4907) 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.

Fu Yu Property Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=40.65/18.03
=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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fu Yu Property Co was 6.93. The lowest was 1.90. And the median was 2.70.


Be Aware

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


Fu Yu Property Co Cyclically Adjusted Book per Share Related Terms


Fu Yu Property Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Fu Yu Property 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.

Fu Yu Property Co Cyclically Adjusted Book per Share Chart

Fu Yu Property 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 10.61 12.81 14.50 16.35 18.03

Fu Yu Property 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 16.35 16.92 17.37 17.80 18.03

Fu Yu Property Co Cyclically Adjusted Book per Share Competitor Comparison

For the Real Estate - Development subindustry, Fu Yu Property 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.


Fu Yu Property Co Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Fu Yu Property Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fu Yu Property Co's Cyclically Adjusted PB Ratio falls into.


ROCO:4907
71GF Score
Fu Yu Property Co Ltd ROCO:4907
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fu Yu Property 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, Fu Yu Property 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)
=20.896/324.0540*324.0540
=20.896

Current CPI (Dec. 2025) = 324.0540.

Fu Yu Property Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 7.085 238.132 9.641
201606 7.076 241.018 9.514
201609 7.076 241.428 9.498
201612 7.148 241.432 9.594
201703 10.274 243.801 13.656
201706 10.941 244.955 14.474
201709 13.640 246.819 17.908
201712 14.381 246.524 18.904
201803 15.304 249.554 19.873
201806 14.239 251.989 18.311
201809 16.297 252.439 20.920
201812 16.542 251.233 21.337
201903 16.581 254.202 21.137
201906 15.120 256.143 19.129
201909 15.149 256.759 19.119
201912 16.388 256.974 20.666
202003 16.654 258.115 20.908
202006 15.270 257.797 19.195
202009 15.301 260.280 19.050
202012 16.384 260.474 20.383
202103 16.811 264.877 20.567
202106 16.885 271.696 20.139
202109 15.559 274.310 18.381
202112 16.934 278.802 19.683
202203 17.048 287.504 19.215
202206 15.700 296.311 17.170
202209 15.535 296.808 16.961
202212 15.730 296.797 17.175
202303 15.447 301.836 16.584
202306 14.169 305.109 15.049
202309 14.553 307.789 15.322
202312 16.767 306.746 17.713
202403 17.032 312.332 17.671
202406 17.876 314.175 18.438
202409 21.175 315.301 21.763
202412 21.471 315.605 22.046
202503 21.771 319.799 22.061
202506 20.208 322.561 20.302
202509 21.075 324.800 21.027
202512 20.896 324.054 20.896

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$18.03 mean?
Fu Yu Property Co (ROCO:4907) has a Cyclically Adjusted Book per Share of NT$18.03 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 Fu Yu Property Co and its competitors.
Is Fu Yu Property Co's Cyclically Adjusted Book per Share too high?
Fu Yu Property Co's current Cyclically Adjusted Book per Share is NT$18.03. Overall, Fu Yu Property Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fu Yu Property Co's Cyclically Adjusted Book per Share compare to competitors?
Fu Yu Property Co's Cyclically Adjusted Book per Share of NT$18.03 can be compared against companies in the Real Estate 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 Real Estate company?
A good Cyclically Adjusted Book per Share depends on the Real Estate 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 Fu Yu Property Co and its competitors. Fu Yu Property Co's current Cyclically Adjusted Book per Share is NT$18.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fu Yu Property Co stock overvalued right now?
Based on GuruFocus' analysis, Fu Yu Property Co (ROCO:4907) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$27.12, compared to a current price of NT$40.65 — trading 49.9% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$18.03. Fu Yu Property Co's overall GF Score™ is 71/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Fu Yu Property Co (ROCO:4907), the current Cyclically Adjusted Book per Share is NT$18.03 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 Fu Yu Property Co (ROCO:4907) Overvalued in 2026?

Based on GuruFocus' analysis, Fu Yu Property Co stock appears to be overvalued. The current stock price of NT$40.65 is trading 49.9% above its estimated GF Value™ of NT$27.12. GuruFocus considers Fu Yu Property Co to be Significantly Overvalued.

Key valuation signals for ROCO:4907:

  • Cyclically Adjusted Book per Share: NT$18.03
  • GF Value™: NT$27.12 vs. price of NT$40.65 (49.9% above fair value)
  • GF Score™: 71/100 with 7 warning signs

No single metric tells the full story. See the ROCO:4907 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fu Yu Property Co Business Description

Address No.238, Shihjheng N. 2nd Road, 16th Floor-3, Situn District, Taichung, TWN, 40756
Fu Yu Property Co Ltd is a Taiwan-based real estate development company. The company leases and sells commercial buildings and public houses in Taiwan. Its properties portfolio includes Jun Pin, Yun Yue, Heart of Empire, Green Heart, and Sunny Beauty. The company only operates in a single industry, mainly engaged in real estate development and other businesses.
71GF Score

Get the complete analysis for ROCO:4907

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

NT$40.65
Price
NT$27.12
GF Value