Long Bon Development Co (TPE:2514) Cyclically Adjusted PB Ratio: (As of Aug. 25, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:2514 Long Bon Development Co Ltd TPE:2514
78 GF Score
Price NT$12.00
GF Value NT$17.11
Valuation Possible Value Trap
! 3 Warning Signs
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What is Long Bon Development Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Long Bon Development Co  (TPE:2514) 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.


Long Bon Development Co Cyclically Adjusted PB Ratio Related Terms


Long Bon Development Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Long Bon 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.

Long Bon Development Co Cyclically Adjusted PB Ratio Chart

Long Bon 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 0.78 0.67 0.59 0.68 0.48

Long Bon Development 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 0.54 0.48 0.48 0.42 0.00

TPE:2514 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Long Bon 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.


Long Bon Development Co Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Long Bon Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:2514
78GF Score
Long Bon Development Co Ltd TPE:2514
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Long Bon 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.

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

For example, Long Bon Development 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)
=34.058/333.9520*333.9520
=34.058

Current CPI (Jun. 2026) = 333.9520.

Long Bon Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.745 241.428 27.312
201612 20.602 241.432 28.497
201703 21.628 243.801 29.625
201706 22.813 244.955 31.101
201709 22.917 246.819 31.007
201712 23.863 246.524 32.326
201803 23.882 249.554 31.959
201806 26.407 251.989 34.996
201809 24.907 252.439 32.950
201812 22.913 251.233 30.457
201903 23.129 254.202 30.385
201906 24.888 256.143 32.448
201909 24.129 256.759 31.383
201912 22.576 256.974 29.339
202003 21.987 258.115 28.447
202006 23.171 257.797 30.016
202009 22.297 260.280 28.608
202012 26.050 260.474 33.399
202103 26.827 264.877 33.823
202106 28.860 271.696 35.473
202109 28.253 274.310 34.396
202112 28.384 278.802 33.999
202203 28.570 287.504 33.186
202206 28.895 296.311 32.566
202209 29.231 296.808 32.889
202212 29.568 296.797 33.270
202303 29.762 301.836 32.929
202306 30.500 305.109 33.383
202309 30.817 307.789 33.437
202312 30.493 306.746 33.197
202403 31.753 312.332 33.951
202406 32.322 314.175 34.357
202409 33.235 315.301 35.201
202412 33.458 315.605 35.403
202503 34.119 319.799 35.629
202506 34.514 322.561 35.733
202509 35.076 324.800 36.064
202512 35.425 324.054 36.507
202603 35.798 330.213 36.203
202606 34.058 333.952 34.058

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 Long Bon Development Co (TPE:2514) Overvalued in 2026?

Based on GuruFocus' analysis, Long Bon Development Co stock appears to be undervalued. The current stock price of NT$12.00 is trading 29.9% below its estimated GF Value™ of NT$17.11. GuruFocus considers Long Bon Development Co to be Possible Value Trap.

Key valuation signals for TPE:2514:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$17.11 vs. price of NT$12.00 (29.9% below fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the TPE:2514 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Long Bon Development Co Business Description

Address Zhongxiao West Road, 9th Floor, No. 50, Section 1, Zhongzheng District, Taipei, TWN, 100
Long Bon Development Co Ltd is a Taiwan-based company with operations in commercial property and car-park leasing, property developments, hotel management, and online shopping services. The company is also engaged in the management of the Qiaoyuan clubhouse, including guest rooms, conference rooms, and education and training rooms. Investment, Funeral, and Recreation were the group's four segments. Construction projects are the focus of the construction segment. The investment segment invests in financial instruments, while the funeral division provides funeral services and other services. Sports facilities are provided by the recreation segment. The majority of the revenue of the group is from the construction segment.
78GF Score

Get the complete analysis for TPE:2514

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

NT$12.00
Price
NT$17.11
GF Value