Mega International Development Co (ROCO:5529) Cyclically Adjusted PB Ratio: 1.24 (As of Aug. 16, 2026) — Near Median

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:5529 Mega International Development Co Ltd ROCO:5529
54 GF Score
Price NT$21.10
GF Value NT$200.33
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Mega International Development Co Cyclically Adjusted PB Ratio?

Mega International Development Co ROCO:5529 -1.17% 54 Cyclically Adjusted PB Ratio is 1.24 as of Aug. 16, 2026, which is 7% above its 10-year median of 1.16. GuruFocus rates ROCO:5529 with a GF Score™ of 54/100 and a GF Value™ of NT$200.33 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,400 Real Estate companies, Mega International Development Co ranks worse than 72% on this metric.

As of today (2026-08-16), Mega International Development Co's current share price is NT$21.10. Mega International Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$17.02. Mega International Development Co's Cyclically Adjusted PB Ratio for today is 1.24.

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

ROCO:5529' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1.16   Max: 1.83
Current: 1.24

During the past years, Mega International Development Co's highest Cyclically Adjusted PB Ratio was 1.83. The lowest was 0.44. And the median was 1.16.

ROCO:5529's Cyclically Adjusted PB Ratio is ranked worse than
72% of 1400 companies
in the Real Estate industry
Industry Median: 0.69 vs ROCO:5529: 1.24

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.

Mega International Development Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$14.656. 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$17.02 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mega International Development Co  (ROCO:5529) 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.


Mega International Development Co Cyclically Adjusted PB Ratio Related Terms


Mega International Development Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mega International 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.

Mega International Development Co Cyclically Adjusted PB Ratio Chart

Mega International 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 1.30 0.95 0.88 1.47 1.69

Mega International 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 1.51 1.62 1.48 1.69 1.42

ROCO:5529 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Mega International 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.


Mega International Development Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


ROCO:5529
54GF Score
Mega International Development Co Ltd ROCO:5529
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mega International 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.

Mega International Development Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.10/17.02
=1.24

* 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.

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

For example, Mega International 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)
=14.656/330.2130*330.2130
=14.656

Current CPI (Mar. 2026) = 330.2130.

Mega International Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 23.464 241.018 32.147
201609 22.781 241.428 31.159
201612 21.721 241.432 29.708
201703 20.430 243.801 27.671
201706 19.676 244.955 26.524
201709 18.771 246.819 25.113
201712 18.267 246.524 24.468
201803 17.768 249.554 23.511
201806 16.864 251.989 22.099
201809 16.138 252.439 21.110
201812 15.382 251.233 20.218
201903 13.896 254.202 18.051
201906 12.960 256.143 16.708
201909 12.840 256.759 16.513
201912 12.433 256.974 15.976
202003 12.326 258.115 15.769
202006 12.033 257.797 15.413
202009 10.273 260.280 13.033
202012 9.959 260.474 12.625
202103 9.816 264.877 12.237
202106 13.490 271.696 16.395
202109 13.216 274.310 15.909
202112 12.692 278.802 15.032
202203 12.427 287.504 14.273
202206 12.051 296.311 13.430
202209 11.753 296.808 13.076
202212 11.531 296.797 12.829
202303 11.274 301.836 12.334
202306 11.063 305.109 11.973
202309 10.868 307.789 11.660
202312 10.638 306.746 11.452
202403 11.308 312.332 11.955
202406 11.135 314.175 11.703
202409 10.818 315.301 11.330
202412 12.073 315.605 12.632
202503 11.829 319.799 12.214
202506 11.595 322.561 11.870
202509 11.375 324.800 11.565
202512 14.010 324.054 14.276
202603 14.656 330.213 14.656

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 1.24 mean?
Mega International Development Co (ROCO:5529) has a Cyclically Adjusted PB Ratio of 1.24 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 Mega International Development Co and its competitors. This is near median its historical median of 1.16. Over the past decade, Mega International Development Co's Cyclically Adjusted PB Ratio has ranged from 0.44 to 1.83. According to the industry distribution chart, Mega International Development Co ranks #1008 out of 1400 companies in the Real Estate industry, placing it in the top 72%.
Is Mega International Development Co's Cyclically Adjusted PB Ratio too high?
Mega International Development Co's current Cyclically Adjusted PB Ratio of 1.24 is near median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.83. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Mega International Development Co's value of 1.24 is 79.7% above this industry median. Based on the distribution chart, Mega International Development Co ranks #1008 out of 1400 companies in the Real Estate industry, which is below the industry midpoint. Overall, Mega International Development Co has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mega International Development Co's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Mega International Development Co ranks #1008 out of 1400 companies for Cyclically Adjusted PB Ratio. This places Mega International Development Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Mega International Development Co's value of 1.24 is 79.7% above this benchmark. Historically, Mega International Development Co's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 1.83 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 0.69, Mega International 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. Mega International Development Co's current Cyclically Adjusted PB Ratio of 1.24 is 79.7% 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 Mega International 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. Mega International Development Co's current Cyclically Adjusted PB Ratio is 1.24, which is near median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mega International Development Co stock overvalued right now?
Based on GuruFocus' analysis, Mega International Development Co (ROCO:5529) is currently considered Possible Value Trap. The stock's GF Value™ is NT$200.33, compared to a current price of NT$21.10 — trading 89.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.24, which is near median its 10-year median of 1.16 and 79.7% above the Real Estate industry median of 0.69. Mega International Development Co's overall GF Score™ is 54/100 with 6 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 Mega International Development Co (ROCO:5529), the current Cyclically Adjusted PB Ratio is 1.24 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 Mega International Development Co (ROCO:5529) Overvalued in 2026?

Based on GuruFocus' analysis, Mega International Development Co stock appears to be undervalued. The current stock price of NT$21.10 is trading 89.5% below its estimated GF Value™ of NT$200.33. GuruFocus considers Mega International Development Co to be Possible Value Trap.

Key valuation signals for ROCO:5529:

  • Cyclically Adjusted PB Ratio: 1.24 (near median its 10-year median of 1.16)
  • GF Value™: NT$200.33 vs. price of NT$21.10 (89.5% below fair value)
  • GF Score™: 54/100 with 6 warning signs
  • Industry Position: 79.7% above the Real Estate median (#1008 of 1400)

No single metric tells the full story. See the ROCO:5529 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mega International Development Co Business Description

Address No. 72, Songjiang Road, 9th Floor, Zhongshan District, Taipei, TWN, 10457
Mega International Development Co Ltd is a Taiwan-based company mainly engaged in the construction and distribution of commercial and residential buildings, and involved in the short and long-term leasing of offices and business accommodations. The main business of the Company is the development and sale of residential buildings.
54GF Score

Get the complete analysis for ROCO:5529

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

NT$21.10
Price
NT$200.33
GF Value