Sheng Yi Development Co (ROCO:5455) Cyclically Adjusted PB Ratio: 2.75 (As of Aug. 16, 2026) — 13% Below Median

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ROCO:5455 Sheng Yi Development Co Ltd ROCO:5455
72 GF Score
Price NT$28.85
GF Value NT$38.30
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Sheng Yi Development Co Cyclically Adjusted PB Ratio?

Sheng Yi Development Co ROCO:5455 72 Cyclically Adjusted PB Ratio is 2.75 as of Aug. 16, 2026, which is 13% below its 10-year median of 3.15. GuruFocus rates ROCO:5455 with a GF Score™ of 72/100 and a GF Value™ of NT$38.30 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,400 Real Estate companies, Sheng Yi Development Co ranks worse than 89.86% on this metric.

As of today (2026-08-16), Sheng Yi Development Co's current share price is NT$28.85. Sheng Yi Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$10.48. Sheng Yi Development Co's Cyclically Adjusted PB Ratio for today is 2.75.

The historical rank and industry rank for Sheng Yi Development Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:5455' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.2   Med: 3.15   Max: 12.12
Current: 2.75

During the past years, Sheng Yi Development Co's highest Cyclically Adjusted PB Ratio was 12.12. The lowest was 1.20. And the median was 3.15.

ROCO:5455's Cyclically Adjusted PB Ratio is ranked worse than
89.86% of 1400 companies
in the Real Estate industry
Industry Median: 0.69 vs ROCO:5455: 2.75

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.

Sheng Yi Development Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$20.925. 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$10.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sheng Yi Development Co  (ROCO:5455) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Sheng Yi Development Co Cyclically Adjusted PB Ratio Related Terms


Sheng Yi Development Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sheng Yi Development Co's Cyclically Adjusted PB 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.

Sheng Yi Development Co Cyclically Adjusted PB Ratio Chart

Sheng Yi Development Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.12 3.74 5.24 7.17 2.96

Sheng Yi Development Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB 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 5.58 3.70 3.27 2.96 2.27

Sheng Yi Development Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Sheng Yi 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.


Sheng Yi Development Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


ROCO:5455
72GF Score
Sheng Yi Development Co Ltd ROCO:5455
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sheng Yi Development Co Cyclically Adjusted PB Ratio Calculation

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

Sheng Yi Development Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.85/10.48
=2.75

* 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.

Sheng Yi Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Sheng Yi Development Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=20.925/330.2130*330.2130
=20.925

Current CPI (Mar. 2026) = 330.2130.

Sheng Yi Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.203 241.018 4.388
201609 3.155 241.428 4.315
201612 2.748 241.432 3.759
201703 2.589 243.801 3.507
201706 4.364 244.955 5.883
201709 4.098 246.819 5.483
201712 3.822 246.524 5.119
201803 3.685 249.554 4.876
201806 3.493 251.989 4.577
201809 3.484 252.439 4.557
201812 5.284 251.233 6.945
201903 5.119 254.202 6.650
201906 5.067 256.143 6.532
201909 8.451 256.759 10.869
201912 8.427 256.974 10.829
202003 8.353 258.115 10.686
202006 8.287 257.797 10.615
202009 8.215 260.280 10.422
202012 8.185 260.474 10.376
202103 8.153 264.877 10.164
202106 8.088 271.696 9.830
202109 8.187 274.310 9.855
202112 8.292 278.802 9.821
202203 8.826 287.504 10.137
202206 8.897 296.311 9.915
202209 9.074 296.808 10.095
202212 9.070 296.797 10.091
202303 8.963 301.836 9.806
202306 8.857 305.109 9.586
202309 8.777 307.789 9.416
202312 11.704 306.746 12.599
202403 14.504 312.332 15.334
202406 14.408 314.175 15.143
202409 14.175 315.301 14.845
202412 17.583 315.605 18.397
202503 17.564 319.799 18.136
202506 21.134 322.561 21.635
202509 21.103 324.800 21.455
202512 21.076 324.054 21.477
202603 20.925 330.213 20.925

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

What does a Cyclically Adjusted PB Ratio of 2.75 mean?
Sheng Yi Development Co (ROCO:5455) has a Cyclically Adjusted PB Ratio of 2.75 as of Aug. 16, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Sheng Yi Development Co and its competitors. This is 13% below median its historical median of 3.15. Over the past decade, Sheng Yi Development Co's Cyclically Adjusted PB Ratio has ranged from 1.20 to 12.12. According to the industry distribution chart, Sheng Yi Development Co ranks #1258 out of 1400 companies in the Real Estate industry, placing it in the top 89.9%.
Is Sheng Yi Development Co's Cyclically Adjusted PB Ratio too high?
Sheng Yi Development Co's current Cyclically Adjusted PB Ratio of 2.75 is 13% below median its 10-year median of 3.15. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 12.12. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Sheng Yi Development Co's value of 2.75 is 298.6% above this industry median. Based on the distribution chart, Sheng Yi Development Co ranks #1258 out of 1400 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Sheng Yi Development Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sheng Yi Development Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Sheng Yi Development Co ranks #1258 out of 1400 companies for Cyclically Adjusted PB Ratio. This places Sheng Yi Development Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Sheng Yi Development Co's value of 2.75 is 298.6% above this benchmark. Historically, Sheng Yi Development Co's own Cyclically Adjusted PB Ratio has ranged from 1.20 to 12.12 over the past decade. While the company's 10-year median is 3.15 vs. the industry median of 0.69, Sheng Yi Development Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,400 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sheng Yi Development Co's current Cyclically Adjusted PB Ratio of 2.75 is 298.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Sheng Yi Development Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sheng Yi Development Co's current Cyclically Adjusted PB Ratio is 2.75, which is 13% below median its own 10-year median of 3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sheng Yi Development Co stock overvalued right now?
Based on GuruFocus' analysis, Sheng Yi Development Co (ROCO:5455) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$38.30, compared to a current price of NT$28.85 — trading 24.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.75, which is 13% below median its 10-year median of 3.15 and 298.6% above the Real Estate industry median of 0.69. Sheng Yi Development Co's overall GF Score™ is 72/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Sheng Yi Development Co (ROCO:5455), the current Cyclically Adjusted PB Ratio is 2.75 as of Aug. 16, 2026. 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 Sheng Yi Development Co (ROCO:5455) Overvalued in 2026?

Based on GuruFocus' analysis, Sheng Yi Development Co stock appears to be undervalued. The current stock price of NT$28.85 is trading 24.7% below its estimated GF Value™ of NT$38.30. GuruFocus considers Sheng Yi Development Co to be Modestly Undervalued.

Key valuation signals for ROCO:5455:

  • Cyclically Adjusted PB Ratio: 2.75 (13% below median its 10-year median of 3.15)
  • GF Value™: NT$38.30 vs. price of NT$28.85 (24.7% below fair value)
  • GF Score™: 72/100 with 9 warning signs
  • Industry Position: 298.6% above the Real Estate median (#1258 of 1400)

No single metric tells the full story. See the ROCO:5455 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sheng Yi Development Co Business Description

Address No.417, Section 2, Gongdao 5th Road, 11th Floor, Hsinchu, TWN
Sheng Yi Development Co Ltd is a Taiwan-based company engaged mainly engaged in the construction, leasing, and sale of residential buildings, decorating, and sale of construction materials. Geographically, the company operates in Taiwan regions.
72GF Score

Get the complete analysis for ROCO:5455

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

NT$28.85
Price
NT$38.30
GF Value