Lihtai Construction & Development Co (ROCO:5520) Cyclically Adjusted PB Ratio: 2.11 (As of Aug. 23, 2026) — 19% Above Median

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ROCO:5520 Lihtai Construction & Development Co Ltd ROCO:5520
90 GF Score
Price NT$82.80
GF Value NT$86.34
Valuation Fairly Valued
! 2 Warning Signs
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What is Lihtai Construction & Development Co Cyclically Adjusted PB Ratio?

Lihtai Construction & Development Co ROCO:5520 90 Cyclically Adjusted PB Ratio is 2.11 as of Aug. 23, 2026, which is 19% above its 10-year median of 1.77. GuruFocus rates ROCO:5520 with a GF Score™ of 90/100 and a GF Value™ of NT$86.34 (Fairly Valued). The stock has 2 warning signs investors should review. Among 296 Building Materials companies, Lihtai Construction & Development Co ranks worse than 73.99% on this metric.

As of today (2026-08-23), Lihtai Construction & Development Co's current share price is NT$82.80. Lihtai Construction & Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$39.32. Lihtai Construction & Development Co's Cyclically Adjusted PB Ratio for today is 2.11.

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

ROCO:5520' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.02   Med: 1.77   Max: 2.58
Current: 2.11

During the past years, Lihtai Construction & Development Co's highest Cyclically Adjusted PB Ratio was 2.58. The lowest was 1.02. And the median was 1.77.

ROCO:5520's Cyclically Adjusted PB Ratio is ranked worse than
73.99% of 296 companies
in the Building Materials industry
Industry Median: 0.98 vs ROCO:5520: 2.11

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.

Lihtai Construction & Development Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$46.351. 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$39.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lihtai Construction & Development Co  (ROCO:5520) 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.


Lihtai Construction & Development Co Cyclically Adjusted PB Ratio Related Terms


Lihtai Construction & Development Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lihtai Construction & 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.

Lihtai Construction & Development Co Cyclically Adjusted PB Ratio Chart

Lihtai Construction & 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 1.70 1.66 2.22 2.26 2.33

Lihtai Construction & 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 2.20 2.11 2.40 2.33 2.11

ROCO:5520 vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Lihtai Construction & 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.


Lihtai Construction & Development Co Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Lihtai Construction & Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Lihtai Construction & Development Co's Cyclically Adjusted PB Ratio falls into.


ROCO:5520
90GF Score
Lihtai Construction & Development Co Ltd ROCO:5520
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lihtai Construction & 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.

Lihtai Construction & Development Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=82.80/39.32
=2.11

* 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.

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

For example, Lihtai Construction & 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)
=46.351/330.2130*330.2130
=46.351

Current CPI (Mar. 2026) = 330.2130.

Lihtai Construction & Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 25.479 241.018 34.908
201609 26.022 241.428 35.592
201612 26.371 241.432 36.068
201703 26.926 243.801 36.470
201706 25.505 244.955 34.382
201709 25.839 246.819 34.569
201712 25.966 246.524 34.781
201803 26.186 249.554 34.650
201806 25.172 251.989 32.986
201809 28.082 252.439 36.734
201812 28.407 251.233 37.337
201903 28.599 254.202 37.151
201906 27.925 256.143 36.000
201909 28.463 256.759 36.606
201912 29.336 256.974 37.697
202003 30.256 258.115 38.707
202006 29.522 257.797 37.815
202009 30.826 260.280 39.108
202012 32.189 260.474 40.807
202103 33.539 264.877 41.812
202106 31.345 271.696 38.096
202109 32.958 274.310 39.675
202112 34.307 278.802 40.633
202203 32.093 287.504 36.860
202206 33.169 296.311 36.964
202209 34.958 296.808 38.892
202212 36.192 296.797 40.267
202303 33.975 301.836 37.169
202306 35.780 305.109 38.724
202309 38.049 307.789 40.821
202312 40.032 306.746 43.095
202403 37.439 312.332 39.582
202406 40.373 314.175 42.434
202409 42.758 315.301 44.780
202412 44.947 315.605 47.027
202503 41.473 319.799 42.824
202506 44.422 322.561 45.476
202509 47.177 324.800 47.963
202512 50.070 324.054 51.022
202603 46.351 330.213 46.351

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 2.11 mean?
Lihtai Construction & Development Co (ROCO:5520) has a Cyclically Adjusted PB Ratio of 2.11 as of Aug. 23, 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 Lihtai Construction & Development Co and its competitors. This is 19% above median its historical median of 1.77. Over the past decade, Lihtai Construction & Development Co's Cyclically Adjusted PB Ratio has ranged from 1.02 to 2.58. According to the industry distribution chart, Lihtai Construction & Development Co ranks #219 out of 296 companies in the Building Materials industry, placing it in the top 74%.
Is Lihtai Construction & Development Co's Cyclically Adjusted PB Ratio too high?
Lihtai Construction & Development Co's current Cyclically Adjusted PB Ratio of 2.11 is 19% above median its 10-year median of 1.77. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 2.58. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.98. Lihtai Construction & Development Co's value of 2.11 is 115.3% above this industry median. Based on the distribution chart, Lihtai Construction & Development Co ranks #219 out of 296 companies in the Building Materials industry, which is below the industry midpoint. Overall, Lihtai Construction & Development Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lihtai Construction & Development Co's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Lihtai Construction & Development Co ranks #219 out of 296 companies for Cyclically Adjusted PB Ratio. This places Lihtai Construction & Development Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.98. Lihtai Construction & Development Co's value of 2.11 is 115.3% above this benchmark. Historically, Lihtai Construction & Development Co's own Cyclically Adjusted PB Ratio has ranged from 1.02 to 2.58 over the past decade. While the company's 10-year median is 1.77 vs. the industry median of 0.98, Lihtai Construction & 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 Building Materials company?
The median Cyclically Adjusted PB Ratio among Building Materials companies is 0.98, based on 296 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. Lihtai Construction & Development Co's current Cyclically Adjusted PB Ratio of 2.11 is 115.3% 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 Lihtai Construction & Development Co and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lihtai Construction & Development Co's current Cyclically Adjusted PB Ratio is 2.11, which is 19% above median its own 10-year median of 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lihtai Construction & Development Co stock overvalued right now?
Based on GuruFocus' analysis, Lihtai Construction & Development Co (ROCO:5520) is currently considered Fairly Valued. The stock's GF Value™ is NT$86.34, compared to a current price of NT$82.80 — trading 4.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.11, which is 19% above median its 10-year median of 1.77 and 115.3% above the Building Materials industry median of 0.98. Lihtai Construction & Development Co's overall GF Score™ is 90/100 with 2 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 Lihtai Construction & Development Co (ROCO:5520), the current Cyclically Adjusted PB Ratio is 2.11 as of Aug. 23, 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 Lihtai Construction & Development Co (ROCO:5520) Overvalued in 2026?

Based on GuruFocus' analysis, Lihtai Construction & Development Co stock appears to be undervalued. The current stock price of NT$82.80 is trading 4.1% below its estimated GF Value™ of NT$86.34. GuruFocus considers Lihtai Construction & Development Co to be Fairly Valued.

Key valuation signals for ROCO:5520:

  • Cyclically Adjusted PB Ratio: 2.11 (19% above median its 10-year median of 1.77)
  • GF Value™: NT$86.34 vs. price of NT$82.80 (4.1% below fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 115.3% above the Building Materials median (#219 of 296)

No single metric tells the full story. See the ROCO:5520 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lihtai Construction & Development Co Business Description

Address No. 7, Section 7, Yanping North Road, Shilin District, Taipei, TWN
Lihtai Construction & Development Co Ltd is engaged in the manufacture and distribution of pre-mix concrete and other concrete products in Taiwan. Its products are used for various properties, roads, bridges, and other construction projects.
90GF Score

Get the complete analysis for ROCO:5520

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

NT$82.80
Price
NT$86.34
GF Value