Hung Ching Developmentnstruction Co (TPE:2527) Cyclically Adjusted PB Ratio: 1.05 (As of Aug. 15, 2026) — 35% Above Median

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TPE:2527 Hung Ching Development & Construction Co Ltd TPE:2527
69 GF Score
Price NT$44.40
GF Value NT$64.02
Valuation Possible Value Trap
! 12 Warning Signs
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What is Hung Ching Developmentnstruction Co Cyclically Adjusted PB Ratio?

Hung Ching Developmentnstruction Co TPE:2527 -3.06% 69 Cyclically Adjusted PB Ratio is 1.05 as of Aug. 15, 2026, which is 35% above its 10-year median of 0.78. GuruFocus rates TPE:2527 with a GF Score™ of 69/100 and a GF Value™ of NT$64.02 (Possible Value Trap). The stock has 12 warning signs investors should review. Among 1,401 Real Estate companies, Hung Ching Developmentnstruction Co ranks worse than 68.38% on this metric.

As of today (2026-08-15), Hung Ching Developmentnstruction Co's current share price is NT$44.40. Hung Ching Developmentnstruction Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$42.27. Hung Ching Developmentnstruction Co's Cyclically Adjusted PB Ratio for today is 1.05.

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

TPE:2527' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.78   Max: 1.57
Current: 1.11

During the past years, Hung Ching Developmentnstruction Co's highest Cyclically Adjusted PB Ratio was 1.57. The lowest was 0.60. And the median was 0.78.

TPE:2527's Cyclically Adjusted PB Ratio is ranked worse than
68.38% of 1401 companies
in the Real Estate industry
Industry Median: 0.69 vs TPE:2527: 1.11

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.

Hung Ching Developmentnstruction Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$82.208. 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$42.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hung Ching Developmentnstruction Co  (TPE:2527) 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.


Hung Ching Developmentnstruction Co Cyclically Adjusted PB Ratio Related Terms


Hung Ching Developmentnstruction Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hung Ching Developmentnstruction 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.

Hung Ching Developmentnstruction Co Cyclically Adjusted PB Ratio Chart

Hung Ching Developmentnstruction 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 1.04 0.63 0.78 1.00 0.72

Hung Ching Developmentnstruction 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 0.85 0.69 0.64 0.72 0.68

TPE:2527 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Hung Ching Developmentnstruction 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.


Hung Ching Developmentnstruction Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Hung Ching Developmentnstruction Co's Cyclically Adjusted PB Ratio falls into.


TPE:2527
69GF Score
Hung Ching Development & Construction Co Ltd TPE:2527
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hung Ching Developmentnstruction 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.

Hung Ching Developmentnstruction Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.40/42.27
=1.05

* 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.

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

For example, Hung Ching Developmentnstruction 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)
=82.208/330.2130*330.2130
=82.208

Current CPI (Mar. 2026) = 330.2130.

Hung Ching Developmentnstruction Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 26.528 241.018 36.345
201609 27.332 241.428 37.383
201612 25.749 241.432 35.218
201703 28.351 243.801 38.400
201706 27.438 244.955 36.988
201709 27.232 246.819 36.433
201712 27.624 246.524 37.002
201803 28.601 249.554 37.845
201806 25.031 251.989 32.801
201809 26.636 252.439 34.842
201812 25.128 251.233 33.027
201903 26.785 254.202 34.794
201906 24.937 256.143 32.148
201909 28.472 256.759 36.617
201912 30.949 256.974 39.770
202003 26.996 258.115 34.537
202006 26.755 257.797 34.271
202009 25.962 260.280 32.938
202012 30.343 260.474 38.467
202103 35.594 264.877 44.374
202106 37.096 271.696 45.086
202109 39.069 274.310 47.031
202112 39.375 278.802 46.636
202203 39.150 287.504 44.966
202206 31.733 296.311 35.364
202209 33.462 296.808 37.228
202212 35.422 296.797 39.410
202303 38.180 301.836 41.769
202306 36.907 305.109 39.944
202309 39.377 307.789 42.246
202312 43.623 306.746 46.960
202403 48.022 312.332 50.771
202406 47.785 314.175 50.224
202409 46.124 315.301 48.305
202412 51.479 315.605 53.862
202503 47.593 319.799 49.143
202506 46.135 322.561 47.229
202509 50.482 324.800 51.323
202512 65.521 324.054 66.766
202603 82.208 330.213 82.208

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 1.05 mean?
Hung Ching Developmentnstruction Co (TPE:2527) has a Cyclically Adjusted PB Ratio of 1.05 as of Aug. 15, 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 Hung Ching Developmentnstruction Co and its competitors. This is 35% above median its historical median of 0.78. Over the past decade, Hung Ching Developmentnstruction Co's Cyclically Adjusted PB Ratio has ranged from 0.60 to 1.57. According to the industry distribution chart, Hung Ching Developmentnstruction Co ranks #958 out of 1401 companies in the Real Estate industry, placing it in the top 68.4%.
Is Hung Ching Developmentnstruction Co's Cyclically Adjusted PB Ratio too high?
Hung Ching Developmentnstruction Co's current Cyclically Adjusted PB Ratio of 1.05 is 35% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.57. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Hung Ching Developmentnstruction Co's value of 1.05 is 52.2% above this industry median. Based on the distribution chart, Hung Ching Developmentnstruction Co ranks #958 out of 1401 companies in the Real Estate industry, which is below the industry midpoint. Overall, Hung Ching Developmentnstruction Co has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hung Ching Developmentnstruction Co's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hung Ching Developmentnstruction Co ranks #958 out of 1401 companies for Cyclically Adjusted PB Ratio. This places Hung Ching Developmentnstruction Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Hung Ching Developmentnstruction Co's value of 1.05 is 52.2% above this benchmark. Historically, Hung Ching Developmentnstruction Co's own Cyclically Adjusted PB Ratio has ranged from 0.60 to 1.57 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.69, Hung Ching Developmentnstruction 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 1,401 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. Hung Ching Developmentnstruction Co's current Cyclically Adjusted PB Ratio of 1.05 is 52.2% 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 Hung Ching Developmentnstruction 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. Hung Ching Developmentnstruction Co's current Cyclically Adjusted PB Ratio is 1.05, which is 35% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hung Ching Developmentnstruction Co stock overvalued right now?
Based on GuruFocus' analysis, Hung Ching Developmentnstruction Co (TPE:2527) is currently considered Possible Value Trap. The stock's GF Value™ is NT$64.02, compared to a current price of NT$44.40 — trading 30.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is 35% above median its 10-year median of 0.78 and 52.2% above the Real Estate industry median of 0.69. Hung Ching Developmentnstruction Co's overall GF Score™ is 69/100 with 12 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 Hung Ching Developmentnstruction Co (TPE:2527), the current Cyclically Adjusted PB Ratio is 1.05 as of Aug. 15, 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 Hung Ching Developmentnstruction Co (TPE:2527) Overvalued in 2026?

Based on GuruFocus' analysis, Hung Ching Developmentnstruction Co stock appears to be undervalued. The current stock price of NT$44.40 is trading 30.6% below its estimated GF Value™ of NT$64.02. GuruFocus considers Hung Ching Developmentnstruction Co to be Possible Value Trap.

Key valuation signals for TPE:2527:

  • Cyclically Adjusted PB Ratio: 1.05 (35% above median its 10-year median of 0.78)
  • GF Value™: NT$64.02 vs. price of NT$44.40 (30.6% below fair value)
  • GF Score™: 69/100 with 12 warning signs
  • Industry Position: 52.2% above the Real Estate median (#958 of 1401)

No single metric tells the full story. See the TPE:2527 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hung Ching Developmentnstruction Co Business Description

Address Keelung Road, 10th Floor, No. 420, Section 1, Taipei, TWN
Hung Ching Development & Construction Co Ltd is a Taiwan-based real estate company. It is engaged in appointment of contractors to build public housing developments and commercial buildings for leasing and selling and in and management and investment of other relevant business. The company's reportable segments are as follows: i) Real estate development - sales of residential and commercial property and plant, ii) Construction - building of residential and commercial property and plant, iii) Lease - lease of investment property, and iv) Others - property management and related services for investment properties. The majority of revenue is derived from the Real estate development segment. It mainly operates in two geographical areas, Taiwan and China, with key revenue generated from Taiwan.
69GF Score

Get the complete analysis for TPE:2527

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

NT$44.40
Price
NT$64.02
GF Value