Sakura Development Co (TPE:2539) Cyclically Adjusted PB Ratio: 4.85 (As of Aug. 21, 2026) — 62% Above Median

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TPE:2539 Sakura Development Co Ltd TPE:2539
85 GF Score
Price NT$36.10
GF Value NT$53.97
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Sakura Development Co Cyclically Adjusted PB Ratio?

Sakura Development Co TPE:2539 +1.69% 85 Cyclically Adjusted PB Ratio is 4.85 as of Aug. 21, 2026, which is 62% above its 10-year median of 2.99. GuruFocus rates TPE:2539 with a GF Score™ of 85/100 and a GF Value™ of NT$53.97 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,371 Real Estate companies, Sakura Development Co ranks worse than 94.09% on this metric.

As of today (2026-08-21), Sakura Development Co's current share price is NT$36.10. Sakura Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$7.45. Sakura Development Co's Cyclically Adjusted PB Ratio for today is 4.85.

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

TPE:2539' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.37   Med: 2.99   Max: 6.79
Current: 4.77

During the past years, Sakura Development Co's highest Cyclically Adjusted PB Ratio was 6.79. The lowest was 2.37. And the median was 2.99.

TPE:2539's Cyclically Adjusted PB Ratio is ranked worse than
94.09% of 1371 companies
in the Real Estate industry
Industry Median: 0.68 vs TPE:2539: 4.77

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.

Sakura Development Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$12.864. 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$7.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sakura Development Co  (TPE:2539) 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.


Sakura Development Co Cyclically Adjusted PB Ratio Related Terms


Sakura Development Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sakura 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.

Sakura Development Co Cyclically Adjusted PB Ratio Chart

Sakura 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 3.26 3.26 5.05 5.75 5.58

Sakura 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 6.57 6.73 5.71 5.58 5.27

Sakura Development Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Sakura 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.


Sakura Development Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TPE:2539
85GF Score
Sakura Development Co Ltd TPE:2539
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sakura 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.10/7.45
=4.85

* 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.

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

For example, Sakura 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)
=12.864/330.2130*330.2130
=12.864

Current CPI (Mar. 2026) = 330.2130.

Sakura Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.627 241.018 4.969
201609 3.629 241.428 4.964
201612 4.321 241.432 5.910
201703 4.508 243.801 6.106
201706 4.145 244.955 5.588
201709 4.335 246.819 5.800
201712 4.669 246.524 6.254
201803 4.723 249.554 6.250
201806 4.284 251.989 5.614
201809 4.321 252.439 5.652
201812 4.590 251.233 6.033
201903 4.578 254.202 5.947
201906 4.761 256.143 6.138
201909 4.417 256.759 5.681
201912 5.128 256.974 6.590
202003 5.208 258.115 6.663
202006 5.021 257.797 6.431
202009 5.079 260.280 6.444
202012 5.427 260.474 6.880
202103 5.407 264.877 6.741
202106 5.378 271.696 6.536
202109 5.606 274.310 6.748
202112 5.899 278.802 6.987
202203 5.920 287.504 6.799
202206 6.372 296.311 7.101
202209 6.899 296.808 7.675
202212 6.884 296.797 7.659
202303 7.223 301.836 7.902
202306 7.097 305.109 7.681
202309 7.501 307.789 8.047
202312 8.103 306.746 8.723
202403 8.379 312.332 8.859
202406 8.190 314.175 8.608
202409 8.094 315.301 8.477
202412 9.812 315.605 10.266
202503 10.884 319.799 11.238
202506 10.792 322.561 11.048
202509 11.387 324.800 11.577
202512 12.305 324.054 12.539
202603 12.864 330.213 12.864

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 4.85 mean?
Sakura Development Co (TPE:2539) has a Cyclically Adjusted PB Ratio of 4.85 as of Aug. 21, 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 Sakura Development Co and its competitors. This is 62% above median its historical median of 2.99. Over the past decade, Sakura Development Co's Cyclically Adjusted PB Ratio has ranged from 2.37 to 6.79. According to the industry distribution chart, Sakura Development Co ranks #1290 out of 1371 companies in the Real Estate industry, placing it in the top 94.1%.
Is Sakura Development Co's Cyclically Adjusted PB Ratio too high?
Sakura Development Co's current Cyclically Adjusted PB Ratio of 4.85 is 62% above median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 6.79. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Sakura Development Co's value of 4.85 is 613.2% above this industry median. Based on the distribution chart, Sakura Development Co ranks #1290 out of 1371 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Sakura Development Co has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sakura Development Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Sakura Development Co ranks #1290 out of 1371 companies for Cyclically Adjusted PB Ratio. This places Sakura Development Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. Sakura Development Co's value of 4.85 is 613.2% above this benchmark. Historically, Sakura Development Co's own Cyclically Adjusted PB Ratio has ranged from 2.37 to 6.79 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 0.68, Sakura Development 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 0.68, based on 1,371 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. Sakura Development Co's current Cyclically Adjusted PB Ratio of 4.85 is 613.2% 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 Sakura 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. Sakura Development Co's current Cyclically Adjusted PB Ratio is 4.85, which is 62% above median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sakura Development Co stock overvalued right now?
Based on GuruFocus' analysis, Sakura Development Co (TPE:2539) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$53.97, compared to a current price of NT$36.10 — trading 33.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.85, which is 62% above median its 10-year median of 2.99 and 613.2% above the Real Estate industry median of 0.68. Sakura Development Co's overall GF Score™ is 85/100 with 2 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 Sakura Development Co (TPE:2539), the current Cyclically Adjusted PB Ratio is 4.85 as of Aug. 21, 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 Sakura Development Co (TPE:2539) Overvalued in 2026?

Based on GuruFocus' analysis, Sakura Development Co stock appears to be undervalued. The current stock price of NT$36.10 is trading 33.1% below its estimated GF Value™ of NT$53.97. GuruFocus considers Sakura Development Co to be Significantly Undervalued.

Key valuation signals for TPE:2539:

  • Cyclically Adjusted PB Ratio: 4.85 (62% above median its 10-year median of 2.99)
  • GF Value™: NT$53.97 vs. price of NT$36.10 (33.1% below fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 613.2% above the Real Estate median (#1290 of 1371)

No single metric tells the full story. See the TPE:2539 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sakura Development Co Business Description

Address Taiwan Boulevard, 4th Floor, No. 239, Section 2, West District, Taichung, TWN, 403
Sakura Development Co Ltd engages in the business of construction of public housing, selling and leasing of residential and commercial buildings, gardening and consulting of real estate investment. Its is into two reportable operating segments: Development Segment: Engaging construction contractors to build commercial buildings and residential properties for rental and sale purposes. Construction Segment: Engaging in the contracting of civil and architectural construction projects. Majority revenue is generated from Development Segment.
85GF Score

Get the complete analysis for TPE:2539

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

NT$36.10
Price
NT$53.97
GF Value