SanDi Properties Co (TPE:1438) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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.

TPE:1438 SanDi Properties Co Ltd TPE:1438
54 GF Score
Price NT$21.95
GF Value NT$79.07
Valuation Possible Value Trap
! 8 Warning Signs
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What is SanDi Properties Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SanDi Properties Co  (TPE:1438) 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.


SanDi Properties Co Cyclically Adjusted PB Ratio Related Terms


SanDi Properties Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SanDi Properties 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.

SanDi Properties Co Cyclically Adjusted PB Ratio Chart

SanDi Properties 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 2.57 2.32 2.24 3.39 1.87

SanDi Properties Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.40 2.27 2.00 1.60 1.27

SanDi Properties Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, SanDi Properties 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.


SanDi Properties Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where SanDi Properties Co's Cyclically Adjusted PB Ratio falls into.


TPE:1438
54GF Score
SanDi Properties Co Ltd TPE:1438
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SanDi Properties 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.

SanDi Properties Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, SanDi Properties Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=26.158/333.9520*333.9520
=26.158

Current CPI (Jun. 2026) = 333.9520.

SanDi Properties Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.131 241.428 12.630
201612 9.073 241.432 12.550
201703 9.047 243.801 12.392
201706 9.017 244.955 12.293
201709 8.998 246.819 12.175
201712 8.980 246.524 12.165
201803 8.951 249.554 11.978
201806 8.933 251.989 11.839
201809 8.912 252.439 11.790
201812 8.781 251.233 11.672
201903 8.800 254.202 11.561
201906 8.782 256.143 11.450
201909 8.626 256.759 11.219
201912 8.605 256.974 11.183
202003 9.398 258.115 12.159
202006 9.478 257.797 12.278
202009 9.434 260.280 12.104
202012 9.373 260.474 12.017
202103 9.321 264.877 11.752
202106 9.259 271.696 11.381
202109 9.523 274.310 11.594
202112 14.083 278.802 16.869
202203 14.097 287.504 16.374
202206 19.164 296.311 21.598
202209 18.884 296.808 21.247
202212 19.941 296.797 22.437
202303 20.150 301.836 22.294
202306 18.891 305.109 20.677
202309 18.665 307.789 20.252
202312 18.395 306.746 20.026
202403 18.294 312.332 19.560
202406 17.948 314.175 19.078
202409 17.487 315.301 18.521
202412 24.585 315.605 26.014
202503 24.245 319.799 25.318
202506 24.012 322.561 24.860
202509 23.736 324.800 24.405
202512 26.151 324.054 26.950
202603 26.744 330.213 27.047
202606 26.158 333.952 26.158

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.

Is SanDi Properties Co (TPE:1438) Overvalued in 2026?

Based on GuruFocus' analysis, SanDi Properties Co stock appears to be undervalued. The current stock price of NT$21.95 is trading 72.2% below its estimated GF Value™ of NT$79.07. GuruFocus considers SanDi Properties Co to be Possible Value Trap.

Key valuation signals for TPE:1438:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$79.07 vs. price of NT$21.95 (72.2% below fair value)
  • GF Score™: 54/100 with 8 warning signs

No single metric tells the full story. See the TPE:1438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SanDi Properties Co Business Description

Address No. 175, Zhongzheng 2nd Road, 16th Floor-3, Lingya District, Kaohsiung, TWN, 802406
SanDi Properties Co Ltd, is engaged in the construction of commercial buildings, industrial buildings, residential rental and sales business, and real estate trading business. The company generates a majority of revenue from Taiwan.
54GF Score

Get the complete analysis for TPE:1438

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

NT$21.95
Price
NT$79.07
GF Value