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HUNG SHENG Construction Co (TPE:2534) Cyclically Adjusted Book per Share : NT$32.80 (As of Mar. 2025)


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What is HUNG SHENG Construction Co Cyclically Adjusted Book per Share?

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.

HUNG SHENG Construction Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$31.876. 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$32.80 for the trailing ten years ended in Mar. 2025.

During the past 12 months, HUNG SHENG Construction Co's average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.40% 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 HUNG SHENG Construction Co was 6.10% per year. The lowest was 4.60% per year. And the median was 5.30% per year.

As of today (2025-06-28), HUNG SHENG Construction Co's current stock price is NT$25.30. HUNG SHENG Construction Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$32.80. HUNG SHENG Construction Co's Cyclically Adjusted PB Ratio of today is 0.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of HUNG SHENG Construction Co was 1.92. The lowest was 0.58. And the median was 0.83.


HUNG SHENG Construction Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for HUNG SHENG Construction 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.

* Premium members only.

HUNG SHENG Construction Co Cyclically Adjusted Book per Share Chart

HUNG SHENG Construction Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.88 27.74 29.51 30.88 32.23

HUNG SHENG Construction Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 31.53 31.84 32.07 32.23 32.80

Competitive Comparison of HUNG SHENG Construction Co's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, HUNG SHENG Construction 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.


HUNG SHENG Construction Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, HUNG SHENG Construction Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where HUNG SHENG Construction Co's Cyclically Adjusted PB Ratio falls into.


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HUNG SHENG Construction 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, HUNG SHENG Construction Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=31.876/134.9266*134.9266
=31.876

Current CPI (Mar. 2025) = 134.9266.

HUNG SHENG Construction Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 19.944 100.684 26.727
201509 19.603 100.392 26.347
201512 19.773 99.792 26.735
201603 19.698 100.470 26.453
201606 19.698 101.688 26.137
201609 19.804 101.861 26.233
201612 21.136 101.863 27.997
201703 22.791 102.862 29.895
201706 23.310 103.349 30.432
201709 23.805 104.136 30.844
201712 25.893 104.011 33.589
201803 29.577 105.290 37.902
201806 28.857 106.317 36.622
201809 29.386 106.507 37.227
201812 29.868 105.998 38.020
201903 30.414 107.251 38.262
201906 31.181 108.070 38.930
201909 32.080 108.329 39.956
201912 29.548 108.420 36.772
202003 29.799 108.902 36.920
202006 29.232 108.767 36.263
202009 33.631 109.815 41.322
202012 27.534 109.897 33.805
202103 27.930 111.754 33.721
202106 28.242 114.631 33.242
202109 27.812 115.734 32.424
202112 28.456 117.630 32.640
202203 29.534 121.301 32.852
202206 28.746 125.017 31.025
202209 29.285 125.227 31.553
202212 31.557 125.222 34.003
202303 32.379 127.348 34.306
202306 30.569 128.729 32.041
202309 30.797 129.860 31.999
202312 31.047 129.419 32.368
202403 31.224 131.776 31.970
202406 30.162 132.554 30.702
202409 30.126 133.029 30.556
202412 30.835 133.157 31.245
202503 31.876 134.927 31.876

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


HUNG SHENG Construction Co  (TPE:2534) 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.

HUNG SHENG Construction Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=25.30/32.80
=0.77

* 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 HUNG SHENG Construction Co was 1.92. The lowest was 0.58. And the median was 0.83.


Be Aware

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


HUNG SHENG Construction Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of HUNG SHENG Construction Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


HUNG SHENG Construction Co Business Description

Traded in Other Exchanges
N/A
Address
19 floor-5, Number.156, Sec. 3, Minsheng E. Road, Taipei, TWN
HUNG SHENG Construction Co Ltd is a Taiwan-based real estate company that focuses on the development, distribution, and leasing of residential and commercial properties. The company's property portfolio comprises office buildings and premium residential communities, which are located in the central areas of Taipei with easy access to public transportation and facilities. Hung Sheng Construction's buildings are designed by architecture teams both locally and overseas, and the company's projects are constructed by independent constructors.

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