Farglory Land Development Co (TPE:5522) Cyclically Adjusted Book per Share: NT$63.30 (As of Dec. 2025)


TPE:5522 Farglory Land Development Co Ltd TPE:5522
78 GF Score
Price NT$64.00
GF Value NT$96.53
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Farglory Land Development Co Cyclically Adjusted Book per Share?

Farglory Land Development Co TPE:5522 -0.16% 78 Cyclically Adjusted Book per Share is NT$63.30 as of Dec. 2025. GuruFocus rates TPE:5522 with a GF Score™ of 78/100 and a GF Value™ of NT$96.53 (Significantly Undervalued). The stock has 5 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.

Farglory Land Development Co's adjusted book value per share for the three months ended in Dec. 2025 was NT$64.612. 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$63.30 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Farglory Land Development Co's average Cyclically Adjusted Book Growth Rate was 1.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Farglory Land Development Co was 6.60% per year. The lowest was 2.70% per year. And the median was 5.70% per year.

As of today (2026-07-08), Farglory Land Development Co's current stock price is NT$64.00. Farglory Land Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$63.30. Farglory Land Development Co's Cyclically Adjusted PB Ratio of today is 1.01.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Farglory Land Development Co was 1.51. The lowest was 0.64. And the median was 1.01.


Farglory Land Development Co  (TPE:5522) 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.

Farglory Land Development Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=64.00/63.30
=1.01

* 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 Farglory Land Development Co was 1.51. The lowest was 0.64. And the median was 1.01.


Be Aware

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


Farglory Land Development Co Cyclically Adjusted Book per Share Related Terms


Farglory Land Development Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Farglory Land Development 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.

Farglory Land Development Co Cyclically Adjusted Book per Share Chart

Farglory Land Development 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 54.47 58.43 60.83 62.48 63.30

Farglory Land Development 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 62.48 63.07 63.42 63.62 63.30

Farglory Land Development Co Cyclically Adjusted Book per Share Competitor Comparison

For the Real Estate - Development subindustry, Farglory Land Development 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.


Farglory Land Development Co Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Farglory Land Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Farglory Land Development Co's Cyclically Adjusted PB Ratio falls into.


TPE:5522
78GF Score
Farglory Land Development Co Ltd TPE:5522
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Farglory Land Development 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, Farglory Land Development 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)
=64.612/324.0540*324.0540
=64.612

Current CPI (Dec. 2025) = 324.0540.

Farglory Land Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 52.467 238.132 71.398
201606 51.895 241.018 69.774
201609 53.102 241.428 71.276
201612 52.138 241.432 69.980
201703 52.383 243.801 69.626
201706 49.149 244.955 65.020
201709 50.179 246.819 65.881
201712 50.710 246.524 66.658
201803 51.324 249.554 66.646
201806 49.423 251.989 63.557
201809 50.098 252.439 64.310
201812 50.881 251.233 65.629
201903 51.825 254.202 66.066
201906 49.169 256.143 62.205
201909 50.334 256.759 63.526
201912 51.625 256.974 65.101
202003 48.270 258.115 60.601
202006 49.414 257.797 62.114
202009 50.733 260.280 63.164
202012 53.385 260.474 66.416
202103 51.091 264.877 62.505
202106 51.966 271.696 61.980
202109 52.867 274.310 62.454
202112 56.761 278.802 65.974
202203 54.130 287.504 61.011
202206 55.466 296.311 60.659
202209 55.300 296.808 60.376
202212 57.328 296.797 62.593
202303 55.692 301.836 59.791
202306 55.767 305.109 59.230
202309 55.543 307.789 58.478
202312 58.170 306.746 61.452
202403 56.265 312.332 58.377
202406 57.659 314.175 59.472
202409 58.379 315.301 60.000
202412 59.314 315.605 60.902
202503 57.001 319.799 57.759
202506 56.588 322.561 56.850
202509 58.910 324.800 58.775
202512 64.612 324.054 64.612

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$63.30 mean?
Farglory Land Development Co (TPE:5522) has a Cyclically Adjusted Book per Share of NT$63.30 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 Farglory Land Development Co and its competitors.
Is Farglory Land Development Co's Cyclically Adjusted Book per Share too high?
Farglory Land Development Co's current Cyclically Adjusted Book per Share is NT$63.30. Overall, Farglory Land Development Co has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Farglory Land Development Co's Cyclically Adjusted Book per Share compare to competitors?
Farglory Land Development Co's Cyclically Adjusted Book per Share of NT$63.30 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 Farglory Land Development Co and its competitors. Farglory Land Development Co's current Cyclically Adjusted Book per Share is NT$63.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Farglory Land Development Co stock overvalued right now?
Based on GuruFocus' analysis, Farglory Land Development Co (TPE:5522) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$96.53, compared to a current price of NT$64.00 — trading 33.7% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$63.30. Farglory Land Development Co's overall GF Score™ is 78/100 with 5 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 Farglory Land Development Co (TPE:5522), the current Cyclically Adjusted Book per Share is NT$63.30 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 Farglory Land Development Co (TPE:5522) Overvalued in 2026?

Based on GuruFocus' analysis, Farglory Land Development Co stock appears to be undervalued. The current stock price of NT$64.00 is trading 33.7% below its estimated GF Value™ of NT$96.53. GuruFocus considers Farglory Land Development Co to be Significantly Undervalued.

Key valuation signals for TPE:5522:

  • Cyclically Adjusted Book per Share: NT$63.30
  • GF Value™: NT$96.53 vs. price of NT$64.00 (33.7% below fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the TPE:5522 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Farglory Land Development Co Business Description

Address Anhe Road, No.98, Section 2, Tainan, TWN, 709401
Farglory Land Development Co Ltd develops and sells real estate properties in Taiwan. The company is engaged in selling and leasing commercial buildings and public housing constructed by commissioned construction contractors. It develops residential, office, and factory buildings, and undertakes BOT contracts. The company mainly operates via two divisions: Land segment and Construction segment. It derives maximum revenue from Land Segment. Geographically, it operates and derives revenue from Taiwan.
78GF Score

Get the complete analysis for TPE:5522

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

NT$64.00
Price
NT$96.53
GF Value