Sinyi Realty (TPE:9940) Cyclically Adjusted PB Ratio: 1.05 (As of Sep. 17, 2026) — 44% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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TPE:9940 Sinyi Realty Inc TPE:9940
80 GF Score
Price NT$19.85
GF Value NT$27.72
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Sinyi Realty Cyclically Adjusted PB Ratio?

Sinyi Realty TPE:9940 80 Cyclically Adjusted PB Ratio is 1.05 as of Sep. 17, 2026, which is 44% below its 10-year median of 1.87. GuruFocus rates TPE:9940 with a GF Score™ of 80/100 and a GF Value™ of NT$27.72 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,300 Real Estate companies, Sinyi Realty ranks worse than 67.77% on this metric.

As of today (2026-09-17), Sinyi Realty's current share price is NT$19.85. Sinyi Realty's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$18.84. Sinyi Realty's Cyclically Adjusted PB Ratio for today is 1.05.

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

TPE:9940' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.99   Med: 1.87   Max: 2.71
Current: 1.07

During the past years, Sinyi Realty's highest Cyclically Adjusted PB Ratio was 2.71. The lowest was 0.99. And the median was 1.87.

TPE:9940's Cyclically Adjusted PB Ratio is ranked worse than
67.77% of 1300 companies
in the Real Estate industry
Industry Median: 0.66 vs TPE:9940: 1.07

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.

Sinyi Realty's adjusted book value per share data for the three months ended in Jun. 2026 was NT$18.182. 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$18.84 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sinyi Realty  (TPE:9940) 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.


Sinyi Realty Cyclically Adjusted PB Ratio Related Terms


Sinyi Realty Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sinyi Realty'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.

Sinyi Realty Cyclically Adjusted PB Ratio Chart

Sinyi Realty 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 2.23 1.58 1.70 1.57 1.21

Sinyi Realty Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.38 1.32 1.24 1.07 1.02

TPE:9940 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Sinyi Realty'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.


Sinyi Realty Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Sinyi Realty's Cyclically Adjusted PB Ratio falls into.


TPE:9940
80GF Score
Sinyi Realty Inc TPE:9940
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sinyi Realty 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.

Sinyi Realty's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.85/18.839
=1.05

* 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.

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

For example, Sinyi Realty'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)
=18.182/333.9520*333.9520
=18.182

Current CPI (Jun. 2026) = 333.9520.

Sinyi Realty Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.960 241.018 16.572
201609 12.081 241.428 16.711
201612 12.741 241.432 17.624
201703 12.372 243.801 16.947
201706 13.254 244.955 18.069
201709 14.780 246.819 19.998
201712 15.512 246.524 21.013
201803 16.341 249.554 21.867
201806 14.144 251.989 18.745
201809 13.875 252.439 18.355
201812 15.016 251.233 19.960
201903 16.047 254.202 21.081
201906 15.175 256.143 19.785
201909 14.708 256.759 19.130
201912 14.912 256.974 19.379
202003 14.337 258.115 18.549
202006 13.400 257.797 17.358
202009 14.428 260.280 18.512
202012 15.817 260.474 20.279
202103 16.206 264.877 20.432
202106 14.977 271.696 18.409
202109 15.953 274.310 19.422
202112 17.053 278.802 20.426
202203 18.375 287.504 21.344
202206 15.664 296.311 17.654
202209 16.005 296.808 18.008
202212 16.212 296.797 18.242
202303 16.900 301.836 18.698
202306 15.949 305.109 17.457
202309 17.053 307.789 18.503
202312 17.008 306.746 18.516
202403 18.121 312.332 19.375
202406 17.641 314.175 18.751
202409 18.697 315.301 19.803
202503 19.390 319.799 20.248
202506 15.831 322.561 16.390
202509 16.627 324.800 17.096
202512 17.700 324.054 18.241
202603 18.206 330.213 18.412
202606 18.182 333.952 18.182

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 1.05 mean?
Sinyi Realty (TPE:9940) has a Cyclically Adjusted PB Ratio of 1.05 as of Sep. 17, 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 Sinyi Realty and its competitors. This is 44% below median its historical median of 1.87. Over the past decade, Sinyi Realty's Cyclically Adjusted PB Ratio has ranged from 0.99 to 2.71. According to the industry distribution chart, Sinyi Realty ranks #881 out of 1300 companies in the Real Estate industry, placing it in the top 67.8%.
Is Sinyi Realty's Cyclically Adjusted PB Ratio too high?
Sinyi Realty's current Cyclically Adjusted PB Ratio of 1.05 is 44% below median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 2.71. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.66. Sinyi Realty's value of 1.05 is 59.1% above this industry median. Based on the distribution chart, Sinyi Realty ranks #881 out of 1300 companies in the Real Estate industry, which is below the industry midpoint. Overall, Sinyi Realty has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sinyi Realty's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Sinyi Realty ranks #881 out of 1300 companies for Cyclically Adjusted PB Ratio. This places Sinyi Realty in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.66. Sinyi Realty's value of 1.05 is 59.1% above this benchmark. Historically, Sinyi Realty's own Cyclically Adjusted PB Ratio has ranged from 0.99 to 2.71 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 0.66, Sinyi Realty 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 0.66, based on 1,300 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. Sinyi Realty's current Cyclically Adjusted PB Ratio of 1.05 is 59.1% 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 Sinyi Realty and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sinyi Realty's current Cyclically Adjusted PB Ratio is 1.05, which is 44% below median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinyi Realty stock overvalued right now?
Based on GuruFocus' analysis, Sinyi Realty (TPE:9940) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$27.72, compared to a current price of NT$19.85 — trading 28.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is 44% below median its 10-year median of 1.87 and 59.1% above the Real Estate industry median of 0.66. Sinyi Realty's overall GF Score™ is 80/100 with 9 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 Sinyi Realty (TPE:9940), the current Cyclically Adjusted PB Ratio is 1.05 as of Sep. 17, 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 Sinyi Realty (TPE:9940) Overvalued in 2026?

Based on GuruFocus' analysis, Sinyi Realty stock appears to be undervalued. The current stock price of NT$19.85 is trading 28.4% below its estimated GF Value™ of NT$27.72. GuruFocus considers Sinyi Realty to be Modestly Undervalued.

Key valuation signals for TPE:9940:

  • Cyclically Adjusted PB Ratio: 1.05 (44% below median its 10-year median of 1.87)
  • GF Value™: NT$27.72 vs. price of NT$19.85 (28.4% below fair value)
  • GF Score™: 80/100 with 9 warning signs
  • Industry Position: 59.1% above the Real Estate median (#881 of 1300)

No single metric tells the full story. See the TPE:9940 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sinyi Realty Business Description

Address No. 100, Section 5, Xinyi Road, Xinyi District, Taipei, TWN, 110
Sinyi Realty Inc is engaged in the operation of a full-service real estate brokerage business. The Company provides real estate brokerage and agency sale services and recognizes revenue from rendering of services related to real estate brokerage and agency sale business. It also conducts related activities through subsidiaries involved in real estate brokerage, real estate management, management consulting, development, construction, rental, and sale of residential buildings and factories.
80GF Score

Get the complete analysis for TPE:9940

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

NT$19.85
Price
NT$27.72
GF Value