Delpha Construction Co (TPE:2530) Cyclically Adjusted PB Ratio: (As of Aug. 18, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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TPE:2530 Delpha Construction Co Ltd TPE:2530
59 GF Score
Price NT$19.70
GF Value NT$17.89
Valuation Fairly Valued
! 7 Warning Signs
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What is Delpha Construction Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Delpha Construction Co  (TPE:2530) 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.


Delpha Construction Co Cyclically Adjusted PB Ratio Related Terms


Delpha Construction Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Delpha Construction 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.

Delpha Construction Co Cyclically Adjusted PB Ratio Chart

Delpha Construction 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 1.14 1.29 2.64 2.83 2.02

Delpha Construction 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 2.19 2.12 2.02 1.75 0.00

TPE:2530 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Delpha Construction 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.


Delpha Construction Co Cyclically Adjusted PB Ratio vs Construction Industry

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

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


TPE:2530
59GF Score
Delpha Construction Co Ltd TPE:2530
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delpha Construction 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.

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

For example, Delpha Construction 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)
=11.883/333.9520*333.9520
=11.883

Current CPI (Jun. 2026) = 333.9520.

Delpha Construction Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.372 241.428 17.113
201612 12.187 241.432 16.857
201703 12.081 243.801 16.548
201706 11.353 244.955 15.478
201709 14.077 246.819 19.047
201712 11.158 246.524 15.115
201803 11.184 249.554 14.966
201806 11.213 251.989 14.860
201809 11.325 252.439 14.982
201812 11.258 251.233 14.965
201903 11.190 254.202 14.701
201906 10.864 256.143 14.164
201909 10.823 256.759 14.077
201912 10.719 256.974 13.930
202003 10.638 258.115 13.764
202006 10.497 257.797 13.598
202009 10.419 260.280 13.368
202012 11.806 260.474 15.136
202103 11.769 264.877 14.838
202106 11.708 271.696 14.391
202109 11.677 274.310 14.216
202112 11.646 278.802 13.950
202203 11.707 287.504 13.598
202206 11.750 296.311 13.243
202209 11.797 296.808 13.273
202212 12.236 296.797 13.768
202303 11.814 301.836 13.071
202306 11.794 305.109 12.909
202309 11.769 307.789 12.769
202312 12.435 306.746 13.538
202403 12.128 312.332 12.968
202406 12.541 314.175 13.330
202409 12.610 315.301 13.356
202412 12.500 315.605 13.227
202503 12.101 319.799 12.637
202506 13.033 322.561 13.493
202509 12.746 324.800 13.105
202512 12.007 324.054 12.374
202603 11.953 330.213 12.088
202606 11.883 333.952 11.883

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 Delpha Construction Co (TPE:2530) Overvalued in 2026?

Based on GuruFocus' analysis, Delpha Construction Co stock appears to be overvalued. The current stock price of NT$19.70 is trading 10.1% above its estimated GF Value™ of NT$17.89. GuruFocus considers Delpha Construction Co to be Fairly Valued.

Key valuation signals for TPE:2530:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$17.89 vs. price of NT$19.70 (10.1% above fair value)
  • GF Score™: 59/100 with 7 warning signs

No single metric tells the full story. See the TPE:2530 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Delpha Construction Co Business Description

Address Chenggong Road, 16th Floor, No. 460, Section 5, Neihu District, Taipei, TWN, 11490
Delpha Construction Co Ltd is engaged in building commercial buildings by commissioning construction building companies, selling and leasing of public housing, development of specific professional areas, interior decoration, property rent/sale real estate agency, and the operation of and investment in related businesses. It has three reportable operating segments as follows: Construction Department, Movable and Immovable Property Investment and Development Department, and Building Department. The majority of revenue is derived from the Construction Department, which is mainly responsible for entrusting construction contractors and developing public residential housing and commercial buildings for lease or sale.
59GF Score

Get the complete analysis for TPE:2530

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

NT$19.70
Price
NT$17.89
GF Value