Huaku Development Co (TPE:2548) Cyclically Adjusted PB Ratio: 1.51 (As of Aug. 19, 2026) — Near Median

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TPE:2548 Huaku Development Co Ltd TPE:2548
71 GF Score
Price NT$93.60
GF Value NT$174.70
Valuation Possible Value Trap
! 7 Warning Signs
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What is Huaku Development Co Cyclically Adjusted PB Ratio?

Huaku Development Co TPE:2548 +0.43% 71 Cyclically Adjusted PB Ratio is 1.51 as of Aug. 19, 2026, which is 7% below its 10-year median of 1.62. GuruFocus rates TPE:2548 with a GF Score™ of 71/100 and a GF Value™ of NT$174.70 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,385 Real Estate companies, Huaku Development Co ranks worse than 78.7% on this metric.

As of today (2026-08-19), Huaku Development Co's current share price is NT$93.60. Huaku Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$62.05. Huaku Development Co's Cyclically Adjusted PB Ratio for today is 1.51.

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

TPE:2548' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.35   Med: 1.62   Max: 2.72
Current: 1.51

During the past years, Huaku Development Co's highest Cyclically Adjusted PB Ratio was 2.72. The lowest was 1.35. And the median was 1.62.

TPE:2548's Cyclically Adjusted PB Ratio is ranked worse than
78.7% of 1385 companies
in the Real Estate industry
Industry Median: 0.68 vs TPE:2548: 1.51

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.

Huaku Development Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$62.009. 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$62.05 for the trailing ten years ended in Jun. 2026.

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
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 1.64 1.53 1.85 1.87 1.57

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
71GF Score
Huaku Development Co Ltd TPE:2548
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=93.60/62.05
=1.51

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

For example, Huaku Development 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)
=62.009/333.9520*333.9520
=62.009

Current CPI (Jun. 2026) = 333.9520.

Huaku Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 40.367 241.428 55.837
201612 44.393 241.432 61.405
201703 44.473 243.801 60.918
201706 40.639 244.955 55.404
201709 45.855 246.819 62.043
201712 46.212 246.524 62.601
201803 46.905 249.554 62.768
201806 43.583 251.989 57.759
201809 43.714 252.439 57.829
201812 44.530 251.233 59.192
201903 44.871 254.202 58.948
201906 42.106 256.143 54.897
201909 49.571 256.759 64.474
201912 49.727 256.974 64.623
202003 50.171 258.115 64.912
202006 48.850 257.797 63.281
202009 50.142 260.280 64.335
202012 51.844 260.474 66.469
202103 46.631 264.877 58.791
202106 47.605 271.696 58.513
202109 51.039 274.310 62.136
202112 54.779 278.802 65.615
202203 56.852 287.504 66.037
202206 56.802 296.311 64.018
202209 57.612 296.808 64.822
202212 57.437 296.797 64.627
202303 60.977 301.836 67.465
202306 55.683 305.109 60.947
202309 57.543 307.789 62.434
202312 61.929 306.746 67.422
202403 55.524 312.332 59.367
202406 56.439 314.175 59.992
202409 60.360 315.301 63.930
202412 62.128 315.605 65.740
202503 56.762 319.799 59.274
202506 57.824 322.561 59.866
202509 58.870 324.800 60.529
202512 66.813 324.054 68.854
202603 61.364 330.213 62.059
202606 62.009 333.952 62.009

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 1.51 mean?
Huaku Development Co (TPE:2548) has a Cyclically Adjusted PB Ratio of 1.51 as of Aug. 19, 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 Huaku Development Co and its competitors. This is near median its historical median of 1.62. Over the past decade, Huaku Development Co's Cyclically Adjusted PB Ratio has ranged from 1.35 to 2.72. According to the industry distribution chart, Huaku Development Co ranks #1090 out of 1385 companies in the Real Estate industry, placing it in the top 78.7%.
Is Huaku Development Co's Cyclically Adjusted PB Ratio too high?
Huaku Development Co's current Cyclically Adjusted PB Ratio of 1.51 is near median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 2.72. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Huaku Development Co's value of 1.51 is 122.1% above this industry median. Based on the distribution chart, Huaku Development Co ranks #1090 out of 1385 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Huaku Development Co has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Huaku Development Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Huaku Development Co ranks #1090 out of 1385 companies for Cyclically Adjusted PB Ratio. This places Huaku Development Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. Huaku Development Co's value of 1.51 is 122.1% above this benchmark. Historically, Huaku Development Co's own Cyclically Adjusted PB Ratio has ranged from 1.35 to 2.72 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 0.68, Huaku 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 1,385 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. Huaku Development Co's current Cyclically Adjusted PB Ratio of 1.51 is 122.1% 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 Huaku 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. Huaku Development Co's current Cyclically Adjusted PB Ratio is 1.51, which is near median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huaku Development Co stock overvalued right now?
Based on GuruFocus' analysis, Huaku Development Co (TPE:2548) is currently considered Possible Value Trap. The stock's GF Value™ is NT$174.70, compared to a current price of NT$93.60 — trading 46.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.51, which is near median its 10-year median of 1.62 and 122.1% above the Real Estate industry median of 0.68. Huaku Development Co's overall GF Score™ is 71/100 with 7 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 Huaku Development Co (TPE:2548), the current Cyclically Adjusted PB Ratio is 1.51 as of Aug. 19, 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 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$93.60 is trading 46.4% below its estimated GF Value™ of NT$174.70. GuruFocus considers Huaku Development Co to be Possible Value Trap.

Key valuation signals for TPE:2548:

  • Cyclically Adjusted PB Ratio: 1.51 (near median its 10-year median of 1.62)
  • GF Value™: NT$174.70 vs. price of NT$93.60 (46.4% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 122.1% above the Real Estate median (#1090 of 1385)

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.
71GF 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$93.60
Price
NT$174.70
GF Value