SanDi Properties Co (TPE:1438) Cyclically Adjusted PB Ratio: 1.29 (As of Aug. 10, 2026) — 48% Below Median

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TPE:1438 SanDi Properties Co Ltd TPE:1438
48 GF Score
Price NT$22.45
GF Value NT$61.51
Valuation Possible Value Trap
! 7 Warning Signs
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What is SanDi Properties Co Cyclically Adjusted PB Ratio?

SanDi Properties Co TPE:1438 +0.45% 48 Cyclically Adjusted PB Ratio is 1.29 as of Aug. 10, 2026, which is 48% below its 10-year median of 2.49. GuruFocus rates TPE:1438 with a GF Score™ of 48/100 and a GF Value™ of NT$61.51 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,412 Real Estate companies, SanDi Properties Co ranks worse than 73.37% on this metric.

As of today (2026-08-10), SanDi Properties Co's current share price is NT$22.45. SanDi Properties Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$17.47. SanDi Properties Co's Cyclically Adjusted PB Ratio for today is 1.29.

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

TPE:1438' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.28   Med: 2.49   Max: 6.1
Current: 1.28

During the past years, SanDi Properties Co's highest Cyclically Adjusted PB Ratio was 6.10. The lowest was 1.28. And the median was 2.49.

TPE:1438's Cyclically Adjusted PB Ratio is ranked worse than
73.37% of 1412 companies
in the Real Estate industry
Industry Median: 0.69 vs TPE:1438: 1.28

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.

SanDi Properties Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$26.832. 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$17.47 for the trailing ten years ended in Mar. 2026.

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 2.66 2.43 2.31 3.62 2.00

SanDi Properties 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 2.75 2.40 2.27 2.00 1.60

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
48GF 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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.45/17.47
=1.29

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

For example, SanDi Properties 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)
=26.832/330.2130*330.2130
=26.832

Current CPI (Mar. 2026) = 330.2130.

SanDi Properties Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.880 241.018 13.536
201609 9.861 241.428 13.487
201612 9.799 241.432 13.402
201703 9.771 243.801 13.234
201706 9.738 244.955 13.127
201709 9.717 246.819 13.000
201712 9.698 246.524 12.990
201803 9.668 249.554 12.793
201806 9.648 251.989 12.643
201809 9.625 252.439 12.590
201812 9.483 251.233 12.464
201903 9.504 254.202 12.346
201906 9.484 256.143 12.227
201909 9.316 256.759 11.981
201912 9.293 256.974 11.942
202003 10.150 258.115 12.985
202006 10.237 257.797 13.113
202009 10.188 260.280 12.925
202012 10.123 260.474 12.833
202103 10.067 264.877 12.550
202106 10.000 271.696 12.154
202109 10.285 274.310 12.381
202112 15.209 278.802 18.014
202203 15.225 287.504 17.487
202206 20.697 296.311 23.065
202209 20.394 296.808 22.689
202212 21.536 296.797 23.961
202303 21.762 301.836 23.808
202306 20.402 305.109 22.081
202309 20.158 307.789 21.627
202312 19.866 306.746 21.386
202403 19.758 312.332 20.889
202406 19.383 314.175 20.372
202409 18.886 315.301 19.779
202412 26.552 315.605 27.781
202503 26.184 319.799 27.037
202506 25.933 322.561 26.548
202509 25.634 324.800 26.061
202512 28.243 324.054 28.780
202603 26.832 330.213 26.832

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 1.29 mean?
SanDi Properties Co (TPE:1438) has a Cyclically Adjusted PB Ratio of 1.29 as of Aug. 10, 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 SanDi Properties Co and its competitors. This is 48% below median its historical median of 2.49. Over the past decade, SanDi Properties Co's Cyclically Adjusted PB Ratio has ranged from 1.28 to 6.10. According to the industry distribution chart, SanDi Properties Co ranks #1036 out of 1412 companies in the Real Estate industry, placing it in the top 73.4%.
Is SanDi Properties Co's Cyclically Adjusted PB Ratio too high?
SanDi Properties Co's current Cyclically Adjusted PB Ratio of 1.29 is 48% below median its 10-year median of 2.49. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 6.10. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. SanDi Properties Co's value of 1.29 is 87% above this industry median. Based on the distribution chart, SanDi Properties Co ranks #1036 out of 1412 companies in the Real Estate industry, which is below the industry midpoint. Overall, SanDi Properties Co has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SanDi Properties Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, SanDi Properties Co ranks #1036 out of 1412 companies for Cyclically Adjusted PB Ratio. This places SanDi Properties Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. SanDi Properties Co's value of 1.29 is 87% above this benchmark. Historically, SanDi Properties Co's own Cyclically Adjusted PB Ratio has ranged from 1.28 to 6.10 over the past decade. While the company's 10-year median is 2.49 vs. the industry median of 0.69, SanDi Properties 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 1,412 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. SanDi Properties Co's current Cyclically Adjusted PB Ratio of 1.29 is 87% 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 SanDi Properties 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. SanDi Properties Co's current Cyclically Adjusted PB Ratio is 1.29, which is 48% below median its own 10-year median of 2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SanDi Properties Co stock overvalued right now?
Based on GuruFocus' analysis, SanDi Properties Co (TPE:1438) is currently considered Possible Value Trap. The stock's GF Value™ is NT$61.51, compared to a current price of NT$22.45 — trading 63.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.29, which is 48% below median its 10-year median of 2.49 and 87% above the Real Estate industry median of 0.69. SanDi Properties Co's overall GF Score™ is 48/100 with 7 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 SanDi Properties Co (TPE:1438), the current Cyclically Adjusted PB Ratio is 1.29 as of Aug. 10, 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 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$22.45 is trading 63.5% below its estimated GF Value™ of NT$61.51. GuruFocus considers SanDi Properties Co to be Possible Value Trap.

Key valuation signals for TPE:1438:

  • Cyclically Adjusted PB Ratio: 1.29 (48% below median its 10-year median of 2.49)
  • GF Value™: NT$61.51 vs. price of NT$22.45 (63.5% below fair value)
  • GF Score™: 48/100 with 7 warning signs
  • Industry Position: 87% above the Real Estate median (#1036 of 1412)

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.
48GF 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$22.45
Price
NT$61.51
GF Value