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Hwang Chang General Contractor Co (TPE:2543) Cyclically Adjusted PB Ratio : 10.21 (As of Jun. 03, 2025)


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What is Hwang Chang General Contractor Co Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Hwang Chang General Contractor Co's current share price is NT$87.40. Hwang Chang General Contractor Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$8.56. Hwang Chang General Contractor Co's Cyclically Adjusted PB Ratio for today is 10.21.

The historical rank and industry rank for Hwang Chang General Contractor Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:2543' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 0.79   Max: 13.42
Current: 10.51

During the past years, Hwang Chang General Contractor Co's highest Cyclically Adjusted PB Ratio was 13.42. The lowest was 0.63. And the median was 0.79.

TPE:2543's Cyclically Adjusted PB Ratio is ranked worse than
96.44% of 1264 companies
in the Construction industry
Industry Median: 1.095 vs TPE:2543: 10.51

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.

Hwang Chang General Contractor Co's adjusted book value per share data for the three months ended in Mar. 2025 was NT$20.591. 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$8.56 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hwang Chang General Contractor Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hwang Chang General Contractor 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.

Hwang Chang General Contractor Co Cyclically Adjusted PB Ratio Chart

Hwang Chang General Contractor 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 0.71 0.75 0.81 2.09 8.93

Hwang Chang General Contractor 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 3.55 4.41 8.09 8.93 9.62

Competitive Comparison of Hwang Chang General Contractor Co's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Hwang Chang General Contractor 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.


Hwang Chang General Contractor Co's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

* The bar in red indicates where Hwang Chang General Contractor Co's Cyclically Adjusted PB Ratio falls into.


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Hwang Chang General Contractor 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.

Hwang Chang General Contractor Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=87.40/8.56
=10.21

* 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.

Hwang Chang General Contractor Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Hwang Chang General Contractor 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)
=20.591/134.9266*134.9266
=20.591

Current CPI (Mar. 2025) = 134.9266.

Hwang Chang General Contractor Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 6.624 100.684 8.877
201509 6.758 100.392 9.083
201512 6.726 99.792 9.094
201603 6.828 100.470 9.170
201606 6.634 101.688 8.802
201609 6.672 101.861 8.838
201612 6.694 101.863 8.867
201703 6.759 102.862 8.866
201706 6.536 103.349 8.533
201709 6.519 104.136 8.447
201712 6.526 104.011 8.466
201803 6.542 105.290 8.383
201806 6.572 106.317 8.341
201809 6.378 106.507 8.080
201812 5.218 105.998 6.642
201903 5.217 107.251 6.563
201906 5.229 108.070 6.528
201909 5.218 108.329 6.499
201912 5.271 108.420 6.560
202003 5.283 108.902 6.546
202006 5.289 108.767 6.561
202009 5.324 109.815 6.541
202012 5.351 109.897 6.570
202103 5.359 111.754 6.470
202106 5.396 114.631 6.351
202109 5.464 115.734 6.370
202112 6.310 117.630 7.238
202203 6.348 121.301 7.061
202206 6.844 125.017 7.387
202209 6.834 125.227 7.363
202212 6.951 125.222 7.490
202303 7.005 127.348 7.422
202306 7.051 128.729 7.390
202309 7.491 129.860 7.783
202312 8.100 129.419 8.445
202403 8.346 131.776 8.546
202406 14.139 132.554 14.392
202409 14.656 133.029 14.865
202412 16.296 133.157 16.513
202503 20.591 134.927 20.591

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.


Hwang Chang General Contractor Co  (TPE:2543) 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.


Hwang Chang General Contractor Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Hwang Chang General Contractor Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Hwang Chang General Contractor Co Business Description

Traded in Other Exchanges
N/A
Address
Tanmei Street, No. 539, 23rd Floor, Neihu District, Taipei, TWN, 114
Hwang Chang General Contractor Co Ltd is mainly engaged in the contracting business of civil engineering projects. It undertakes projects like the construction of bridges, metro stations, parking lots, residential complexes, highways, etc. The company's reportable segments are Construction and Concrete. A majority of its revenue is generated from the Construction segment, which is mainly engaged in the contracting business of civil engineering projects. The Concrete segment is mainly engaged in the manufacturing and selling business of ready-mix concrete.

Hwang Chang General Contractor Co Headlines

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