Kuoyang Development Co (TPE:2505) Cyclically Adjusted PB Ratio: 0.61 (As of Aug. 08, 2026) — 27% Below 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.

TPE:2505 Kuoyang Development Co Ltd TPE:2505
60 GF Score
Price NT$18.00
GF Value NT$76.49
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Kuoyang Development Co Cyclically Adjusted PB Ratio?

Kuoyang Development Co TPE:2505 +1.69% 60 Cyclically Adjusted PB Ratio is 0.61 as of Aug. 08, 2026, which is 27% below its 10-year median of 0.84. GuruFocus rates TPE:2505 with a GF Score™ of 60/100 and a GF Value™ of NT$76.49 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,412 Real Estate companies, Kuoyang Development Co ranks better than 54.6% on this metric.

As of today (2026-08-08), Kuoyang Development Co's current share price is NT$18.00. Kuoyang Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$29.55. Kuoyang Development Co's Cyclically Adjusted PB Ratio for today is 0.61.

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

TPE:2505' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.84   Max: 2.49
Current: 0.61

During the past years, Kuoyang Development Co's highest Cyclically Adjusted PB Ratio was 2.49. The lowest was 0.59. And the median was 0.84.

TPE:2505's Cyclically Adjusted PB Ratio is ranked better than
54.6% of 1412 companies
in the Real Estate industry
Industry Median: 0.68 vs TPE:2505: 0.61

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.

Kuoyang Development Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$27.985. 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$29.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kuoyang Development Co  (TPE:2505) 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.


Kuoyang Development Co Cyclically Adjusted PB Ratio Related Terms


Kuoyang Development Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kuoyang 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.

Kuoyang Development Co Cyclically Adjusted PB Ratio Chart

Kuoyang 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 0.96 0.66 0.83 0.80 0.69

Kuoyang 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 0.73 0.69 0.65 0.69 0.64

Kuoyang Development Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Kuoyang 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.


Kuoyang Development Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TPE:2505
60GF Score
Kuoyang Development Co Ltd TPE:2505
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kuoyang 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.00/29.55
=0.61

* 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.

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

For example, Kuoyang 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)
=27.985/330.2130*330.2130
=27.985

Current CPI (Mar. 2026) = 330.2130.

Kuoyang Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 22.076 241.018 30.246
201609 21.822 241.428 29.847
201612 22.235 241.432 30.411
201703 22.434 243.801 30.385
201706 23.085 244.955 31.120
201709 22.894 246.819 30.629
201712 22.699 246.524 30.405
201803 22.760 249.554 30.116
201806 22.103 251.989 28.964
201809 21.994 252.439 28.770
201812 22.157 251.233 29.122
201903 22.117 254.202 28.730
201906 21.391 256.143 27.577
201909 21.343 256.759 27.449
201912 21.556 256.974 27.700
202003 21.443 258.115 27.433
202006 34.101 257.797 43.680
202009 31.555 260.280 40.033
202012 24.360 260.474 30.882
202103 25.054 264.877 31.234
202106 25.375 271.696 30.840
202109 24.124 274.310 29.040
202112 24.288 278.802 28.767
202203 24.935 287.504 28.639
202206 24.955 296.311 27.810
202209 25.070 296.808 27.892
202212 25.025 296.797 27.843
202303 25.583 301.836 27.988
202306 26.014 305.109 28.154
202309 25.841 307.789 27.724
202312 26.578 306.746 28.611
202403 26.466 312.332 27.981
202406 26.896 314.175 28.269
202409 26.800 315.301 28.067
202412 26.728 315.605 27.965
202503 27.205 319.799 28.091
202506 27.202 322.561 27.847
202509 27.901 324.800 28.366
202512 28.671 324.054 29.216
202603 27.985 330.213 27.985

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 0.61 mean?
Kuoyang Development Co (TPE:2505) has a Cyclically Adjusted PB Ratio of 0.61 as of Aug. 08, 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 Kuoyang Development Co and its competitors. This is 27% below median its historical median of 0.84. Over the past decade, Kuoyang Development Co's Cyclically Adjusted PB Ratio has ranged from 0.59 to 2.49. According to the industry distribution chart, Kuoyang Development Co ranks #641 out of 1412 companies in the Real Estate industry, placing it in the top 45.4%.
Is Kuoyang Development Co's Cyclically Adjusted PB Ratio too high?
Kuoyang Development Co's current Cyclically Adjusted PB Ratio of 0.61 is 27% below median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.49. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Kuoyang Development Co's value of 0.61 is 10.3% below this industry median. Based on the distribution chart, Kuoyang Development Co ranks #641 out of 1412 companies in the Real Estate industry, which is above the industry midpoint. Overall, Kuoyang Development Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kuoyang Development Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Kuoyang Development Co ranks #641 out of 1412 companies for Cyclically Adjusted PB Ratio. This puts Kuoyang Development Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. Kuoyang Development Co's value of 0.61 is 10.3% below this benchmark. Historically, Kuoyang Development Co's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 2.49 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 0.68, Kuoyang Development Co has consistently been below 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 0.68, 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. Kuoyang Development Co's current Cyclically Adjusted PB Ratio of 0.61 is 10.3% below 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 Kuoyang Development Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuoyang Development Co's current Cyclically Adjusted PB Ratio is 0.61, which is 27% below median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuoyang Development Co stock overvalued right now?
Based on GuruFocus' analysis, Kuoyang Development Co (TPE:2505) is currently considered Possible Value Trap. The stock's GF Value™ is NT$76.49, compared to a current price of NT$18.00 — trading 76.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.61, which is 27% below median its 10-year median of 0.84 and 10.3% below the Real Estate industry median of 0.68. Kuoyang Development Co's overall GF Score™ is 60/100 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 Kuoyang Development Co (TPE:2505), the current Cyclically Adjusted PB Ratio is 0.61 as of Aug. 08, 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 Kuoyang Development Co (TPE:2505) Overvalued in 2026?

Based on GuruFocus' analysis, Kuoyang Development Co stock appears to be undervalued. The current stock price of NT$18.00 is trading 76.5% below its estimated GF Value™ of NT$76.49. GuruFocus considers Kuoyang Development Co to be Possible Value Trap.

Key valuation signals for TPE:2505:

  • Cyclically Adjusted PB Ratio: 0.61 (27% below median its 10-year median of 0.84)
  • GF Value™: NT$76.49 vs. price of NT$18.00 (76.5% below fair value)
  • GF Score™: 60/100 with 6 warning signs
  • Industry Position: 10.3% below the Real Estate median (#641 of 1412)

No single metric tells the full story. See the TPE:2505 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kuoyang Development Co Business Description

Address No. 170, Jingmao 1st Road, 11th Floor-8, Nangang District, Taipei City, TWN
Kuoyang Development Co Ltd are engaged in the construction of public housing and the lease and sales of commercial residential buildings, industrial plants, and commercial buildings. It has four segments The Company; L1 companies; L2 companies; and Other. The company generates majority of revenue from The Company's main businesses are the construction of public housing and the lease and sales of commercial residential buildings, industrial plants, and commercial buildings. The company's project are All construction projects, Hot-selling residential projects, Hot-selling building project (factory office), Historical construction projects (high-rise buildings), and Historical Construction Projects (Villas).
60GF Score

Get the complete analysis for TPE:2505

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

NT$18.00
Price
NT$76.49
GF Value