Shin Ruenn Development Co (ROCO:6186) Cyclically Adjusted PS Ratio: (As of Aug. 19, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

ROCO:6186 Shin Ruenn Development Co Ltd ROCO:6186
68 GF Score
Price NT$33.40
GF Value NT$50.79
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Shin Ruenn Development Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shin Ruenn Development Co  (ROCO:6186) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Shin Ruenn Development Co Cyclically Adjusted PS Ratio Related Terms


Shin Ruenn Development Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shin Ruenn Development Co's Cyclically Adjusted PS 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.

Shin Ruenn Development Co Cyclically Adjusted PS Ratio Chart

Shin Ruenn Development Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 1.33 2.30 2.46 2.14

Shin Ruenn 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 PS 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 2.05 2.29 2.14 1.36 0.00

Shin Ruenn Development Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Shin Ruenn Development Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Shin Ruenn Development Co Cyclically Adjusted PS Ratio vs Real Estate Industry

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

* The bar in red indicates where Shin Ruenn Development Co's Cyclically Adjusted PS Ratio falls into.


ROCO:6186
68GF Score
Shin Ruenn Development Co Ltd ROCO:6186
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shin Ruenn Development Co Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Shin Ruenn Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Shin Ruenn Development Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.666/333.9520*333.9520
=2.666

Current CPI (Jun. 2026) = 333.9520.

Shin Ruenn Development Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 11.128 241.428 15.393
201612 6.183 241.432 8.552
201703 2.887 243.801 3.955
201706 2.188 244.955 2.983
201709 0.985 246.819 1.333
201712 5.104 246.524 6.914
201803 1.263 249.554 1.690
201806 0.746 251.989 0.989
201809 2.417 252.439 3.197
201812 5.472 251.233 7.274
201903 1.057 254.202 1.389
201906 1.258 256.143 1.640
201909 0.289 256.759 0.376
201912 17.686 256.974 22.984
202003 8.035 258.115 10.396
202006 1.955 257.797 2.533
202009 0.608 260.280 0.780
202012 8.563 260.474 10.979
202103 10.905 264.877 13.749
202106 10.875 271.696 13.367
202109 0.426 274.310 0.519
202112 0.019 278.802 0.023
202203 0.008 287.504 0.009
202206 0.006 296.311 0.007
202209 0.094 296.808 0.106
202212 12.388 296.797 13.939
202303 1.594 301.836 1.764
202306 1.088 305.109 1.191
202309 2.645 307.789 2.870
202312 13.312 306.746 14.493
202403 4.954 312.332 5.297
202406 12.066 314.175 12.826
202409 6.750 315.301 7.149
202412 22.807 315.605 24.133
202503 11.484 319.799 11.992
202506 18.808 322.561 19.472
202509 16.439 324.800 16.902
202512 1.604 324.054 1.653
202603 17.039 330.213 17.232
202606 2.666 333.952 2.666

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 Shin Ruenn Development Co (ROCO:6186) Overvalued in 2026?

Based on GuruFocus' analysis, Shin Ruenn Development Co stock appears to be undervalued. The current stock price of NT$33.40 is trading 34.2% below its estimated GF Value™ of NT$50.79. GuruFocus considers Shin Ruenn Development Co to be Significantly Undervalued.

Key valuation signals for ROCO:6186:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$50.79 vs. price of NT$33.40 (34.2% below fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the ROCO:6186 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin Ruenn Development Co Business Description

Address No. 109, Section 3, Minsheng East Road, 8th Floor, Songshan District, Taiepi, TWN, 105
Shin Ruenn Development Co Ltd is engaged in the housing and building development and rental, real estate business, and real estate leasing.
68GF Score

Get the complete analysis for ROCO:6186

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

NT$33.40
Price
NT$50.79
GF Value