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Hung Ching Developmentnstruction Co (TPE:2527) Cyclically Adjusted PB Ratio : 0.72 (As of Jun. 29, 2025)


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What is Hung Ching Developmentnstruction Co Cyclically Adjusted PB Ratio?

As of today (2025-06-29), Hung Ching Developmentnstruction Co's current share price is NT$27.80. Hung Ching Developmentnstruction Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$38.71. Hung Ching Developmentnstruction Co's Cyclically Adjusted PB Ratio for today is 0.72.

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: 0.81   Max: 1.57
Current: 0.72

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 0.81.

TPE:2527's Cyclically Adjusted PB Ratio is ranked better than
50.81% of 1413 companies
in the Real Estate industry
Industry Median: 0.71 vs TPE:2527: 0.72

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. 2025 was NT$47.593. 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$38.71 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hung Ching Developmentnstruction Co Cyclically Adjusted PB Ratio Historical Data

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.

* Premium members only.

Hung Ching Developmentnstruction Co Cyclically Adjusted PB Ratio Chart

Hung Ching Developmentnstruction Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 1.04 0.63 0.78 1.00

Hung Ching Developmentnstruction Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.09 1.21 0.91 1.00 0.85

Competitive Comparison of Hung Ching Developmentnstruction Co's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.


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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
=27.80/38.71
=0.72

* 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. 2025 is calculated as:

For example, Hung Ching Developmentnstruction Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=47.593/134.9266*134.9266
=47.593

Current CPI (Mar. 2025) = 134.9266.

Hung Ching Developmentnstruction Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 29.187 100.684 39.114
201509 26.829 100.392 36.058
201512 28.158 99.792 38.072
201603 28.032 100.470 37.646
201606 26.528 101.688 35.199
201609 27.332 101.861 36.204
201612 25.749 101.863 34.107
201703 28.351 102.862 37.189
201706 27.438 103.349 35.821
201709 27.232 104.136 35.284
201712 27.624 104.011 35.835
201803 28.601 105.290 36.652
201806 25.031 106.317 31.767
201809 26.636 106.507 33.743
201812 25.128 105.998 31.986
201903 26.785 107.251 33.697
201906 24.937 108.070 31.134
201909 28.472 108.329 35.462
201912 30.949 108.420 38.515
202003 26.996 108.902 33.447
202006 26.755 108.767 33.190
202009 25.962 109.815 31.899
202012 30.343 109.897 37.254
202103 35.594 111.754 42.974
202106 37.096 114.631 43.664
202109 39.069 115.734 45.548
202112 39.375 117.630 45.165
202203 39.150 121.301 43.548
202206 31.733 125.017 34.248
202209 33.462 125.227 36.054
202212 35.422 125.222 38.167
202303 38.180 127.348 40.452
202306 36.907 128.729 38.684
202309 39.377 129.860 40.913
202312 43.623 129.419 45.479
202403 48.022 131.776 49.170
202406 47.785 132.554 48.640
202409 46.124 133.029 46.782
202412 51.479 133.157 52.163
202503 47.593 134.927 47.593

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.


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

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Hung Ching Developmentnstruction Co Business Description

Traded in Other Exchanges
N/A
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 the construction of national residential and commercial buildings for rent and sale. It is also engaged in the trading of various building materials. Reporting segments of the group are divided into Real estate development, Construction; Lease and others, where Real estate is the key revenue driver for the company. Real estate development conducting sales of residential and commercial property and plant. Construction provides the building of residential and commercial property and plants. The leasing segment includes the lease of investment property. The company operates in two geographical areas, Taiwan and China. It derives maximum revenue from Taiwan.

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