Huaku Development Co (TPE:2548) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2548 Huaku Development Co Ltd TPE:2548
78 GF Score
Price NT$97.50
GF Value NT$149.22
Valuation Possible Value Trap
! 7 Warning Signs
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What is Huaku Development Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Huaku Development Co  (TPE:2548) 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.


Huaku Development Co Cyclically Adjusted PB Ratio Related Terms


Huaku Development Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Huaku 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.

Huaku Development Co Cyclically Adjusted PB Ratio Chart

Huaku 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 1.57 1.39 1.44 1.79 1.85

Huaku 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 1.70 1.64 1.53 1.85 0.00

Huaku Development Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Huaku 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.


Huaku Development Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TPE:2548
78GF Score
Huaku Development Co Ltd TPE:2548
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Huaku 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.

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

For example, Huaku 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)
=53.192/330.2130*330.2130
=53.192

Current CPI (Mar. 2026) = 330.2130.

Huaku Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 37.095 241.018 50.823
201609 40.367 241.428 55.212
201612 44.393 241.432 60.717
201703 44.473 243.801 60.236
201706 40.639 244.955 54.784
201709 45.855 246.819 61.348
201712 46.212 246.524 61.900
201803 46.905 249.554 62.065
201806 43.583 251.989 57.112
201809 43.714 252.439 57.182
201812 44.530 251.233 58.529
201903 44.871 254.202 58.288
201906 42.106 256.143 54.282
201909 49.571 256.759 63.752
201912 49.727 256.974 63.899
202003 50.171 258.115 64.185
202006 48.850 257.797 62.572
202009 50.142 260.280 63.614
202012 51.844 260.474 65.725
202103 46.631 264.877 58.133
202106 47.605 271.696 57.858
202109 51.039 274.310 61.440
202112 54.779 278.802 64.880
202203 56.852 287.504 65.297
202206 56.802 296.311 63.301
202209 57.612 296.808 64.096
202212 57.437 296.797 63.904
202303 60.977 301.836 66.710
202306 55.683 305.109 60.265
202309 57.543 307.789 61.735
202312 61.929 306.746 66.667
202403 55.524 312.332 58.703
202406 56.439 314.175 59.320
202409 60.360 315.301 63.215
202412 62.128 315.605 65.004
202503 56.762 319.799 58.610
202506 57.824 322.561 59.196
202509 58.870 324.800 59.851
202512 66.813 324.054 68.083
202603 53.192 330.213 53.192

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 Huaku Development Co (TPE:2548) Overvalued in 2026?

Based on GuruFocus' analysis, Huaku Development Co stock appears to be undervalued. The current stock price of NT$97.50 is trading 34.7% below its estimated GF Value™ of NT$149.22. GuruFocus considers Huaku Development Co to be Possible Value Trap.

Key valuation signals for TPE:2548:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$149.22 vs. price of NT$97.50 (34.7% below fair value)
  • GF Score™: 78/100 with 7 warning signs

No single metric tells the full story. See the TPE:2548 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Huaku Development Co Business Description

Address 7th Floor, No. 456, Section 4, Xinyi Road, Xinyi District, Taipei, TWN
Huaku Development Co Ltd is engaged in the contract construction, leasing, and sales of public housing, commercial buildings, and general-purpose plants and warehouses. The company's projects include high-tech factories, villas, apartment buildings, high-rises, and luxury residences. It derives revenue from sales of construction.
78GF Score

Get the complete analysis for TPE:2548

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

NT$97.50
Price
NT$149.22
GF Value