Ruentex Development Co (TPE:9945) Cyclically Adjusted PB Ratio: 0.94 (As of Aug. 22, 2026) — 33% Below Median

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TPE:9945 Ruentex Development Co Ltd TPE:9945
74 GF Score
Price NT$29.40
GF Value NT$54.88
Valuation Possible Value Trap
! 5 Warning Signs
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What is Ruentex Development Co Cyclically Adjusted PB Ratio?

Ruentex Development Co TPE:9945 -1.51% 74 Cyclically Adjusted PB Ratio is 0.94 as of Aug. 22, 2026, which is 33% below its 10-year median of 1.41. GuruFocus rates TPE:9945 with a GF Score™ of 74/100 and a GF Value™ of NT$54.88 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,284 Construction companies, Ruentex Development Co ranks better than 57.87% on this metric.

As of today (2026-08-22), Ruentex Development Co's current share price is NT$29.40. Ruentex Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$31.27. Ruentex Development Co's Cyclically Adjusted PB Ratio for today is 0.94.

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

TPE:9945' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.41   Max: 2.71
Current: 0.94

During the past years, Ruentex Development Co's highest Cyclically Adjusted PB Ratio was 2.71. The lowest was 0.74. And the median was 1.41.

TPE:9945's Cyclically Adjusted PB Ratio is ranked better than
57.87% of 1284 companies
in the Construction industry
Industry Median: 1.13 vs TPE:9945: 0.94

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.

Ruentex Development Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$40.134. 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$31.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ruentex Development Co  (TPE:9945) 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.


Ruentex Development Co Cyclically Adjusted PB Ratio Related Terms


Ruentex Development Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ruentex 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.

Ruentex Development Co Cyclically Adjusted PB Ratio Chart

Ruentex 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 2.24 2.09 1.50 1.57 0.99

Ruentex 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 1.25 1.03 1.00 0.99 0.79

TPE:9945 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Ruentex 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.


Ruentex Development Co Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Ruentex Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:9945
74GF Score
Ruentex Development Co Ltd TPE:9945
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ruentex 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.40/31.27
=0.94

* 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.

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

For example, Ruentex 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)
=40.134/330.2130*330.2130
=40.134

Current CPI (Mar. 2026) = 330.2130.

Ruentex Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.673 241.018 15.993
201609 12.306 241.428 16.832
201612 11.416 241.432 15.614
201703 11.798 243.801 15.980
201706 13.287 244.955 17.912
201709 14.864 246.819 19.886
201712 17.102 246.524 22.908
201803 20.303 249.554 26.865
201806 19.633 251.989 25.728
201809 15.911 252.439 20.813
201812 10.900 251.233 14.327
201903 19.639 254.202 25.511
201906 24.285 256.143 31.308
201909 29.024 256.759 37.327
201912 28.539 256.974 36.673
202003 21.736 258.115 27.807
202006 31.933 257.797 40.903
202009 33.888 260.280 42.993
202012 47.054 260.474 59.652
202103 33.177 264.877 41.361
202106 38.106 271.696 46.313
202109 37.423 274.310 45.050
202112 48.300 278.802 57.207
202203 25.151 287.504 28.887
202206 9.910 296.311 11.044
202209 7.416 296.808 8.251
202212 27.800 296.797 30.930
202303 30.373 301.836 33.229
202306 32.463 305.109 35.134
202309 29.999 307.789 32.185
202312 33.320 306.746 35.869
202403 36.375 312.332 38.457
202406 36.532 314.175 38.397
202409 37.296 315.301 39.060
202412 35.745 315.605 37.399
202503 34.299 319.799 35.416
202506 29.554 322.561 30.255
202509 34.374 324.800 34.947
202512 35.733 324.054 36.412
202603 40.134 330.213 40.134

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 0.94 mean?
Ruentex Development Co (TPE:9945) has a Cyclically Adjusted PB Ratio of 0.94 as of Aug. 22, 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 Ruentex Development Co and its competitors. This is 33% below median its historical median of 1.41. Over the past decade, Ruentex Development Co's Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.71. According to the industry distribution chart, Ruentex Development Co ranks #541 out of 1284 companies in the Construction industry, placing it in the top 42.1%.
Is Ruentex Development Co's Cyclically Adjusted PB Ratio too high?
Ruentex Development Co's current Cyclically Adjusted PB Ratio of 0.94 is 33% below median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 2.71. The Construction industry median Cyclically Adjusted PB Ratio is 1.13. Ruentex Development Co's value of 0.94 is 16.8% below this industry median. Based on the distribution chart, Ruentex Development Co ranks #541 out of 1284 companies in the Construction industry, which is above the industry midpoint. Overall, Ruentex Development Co has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ruentex Development Co's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Ruentex Development Co ranks #541 out of 1284 companies for Cyclically Adjusted PB Ratio. This puts Ruentex Development Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.13. Ruentex Development Co's value of 0.94 is 16.8% below this benchmark. Historically, Ruentex Development Co's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.71 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.13, Ruentex Development Co has consistently been below 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.13, based on 1,284 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. Ruentex Development Co's current Cyclically Adjusted PB Ratio of 0.94 is 16.8% below 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 Ruentex Development Co and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ruentex Development Co's current Cyclically Adjusted PB Ratio is 0.94, which is 33% below median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ruentex Development Co stock overvalued right now?
Based on GuruFocus' analysis, Ruentex Development Co (TPE:9945) is currently considered Possible Value Trap. The stock's GF Value™ is NT$54.88, compared to a current price of NT$29.40 — trading 46.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.94, which is 33% below median its 10-year median of 1.41 and 16.8% below the Construction industry median of 1.13. Ruentex Development Co's overall GF Score™ is 74/100 with 5 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 Ruentex Development Co (TPE:9945), the current Cyclically Adjusted PB Ratio is 0.94 as of Aug. 22, 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 Ruentex Development Co (TPE:9945) Overvalued in 2026?

Based on GuruFocus' analysis, Ruentex Development Co stock appears to be undervalued. The current stock price of NT$29.40 is trading 46.4% below its estimated GF Value™ of NT$54.88. GuruFocus considers Ruentex Development Co to be Possible Value Trap.

Key valuation signals for TPE:9945:

  • Cyclically Adjusted PB Ratio: 0.94 (33% below median its 10-year median of 1.41)
  • GF Value™: NT$54.88 vs. price of NT$29.40 (46.4% below fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 16.8% below the Construction median (#541 of 1284)

No single metric tells the full story. See the TPE:9945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ruentex Development Co Business Description

Address No. 308, Bade Road, 11th floor-1st floor, Section 2, Zhongshan District, Taipei, TWN, 104
Ruentex Development Co Ltd is a Taiwan-based company involved in the construction business. The company's reportable segments include Construction Business Department, Commercial Real Estate, Building Materials, and Other operating Departments. It generates maximum revenue from the Construction segment. Geographically, it derives a majority of its revenue from Taiwan.
74GF Score

Get the complete analysis for TPE:9945

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

NT$29.40
Price
NT$54.88
GF Value