SanDi Properties Co (TPE:1438) Cyclically Adjusted PS Ratio: 2.65 (As of Aug. 03, 2026) — 77% Below Median

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.

TPE:1438 SanDi Properties Co Ltd TPE:1438
52 GF Score
Price NT$23.30
GF Value NT$60.03
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is SanDi Properties Co Cyclically Adjusted PS Ratio?

SanDi Properties Co TPE:1438 +0.43% 52 Cyclically Adjusted PS Ratio is 2.65 as of Aug. 03, 2026, which is 77% below its 10-year median of 11.34. GuruFocus rates TPE:1438 with a GF Score™ of 52/100 and a GF Value™ of NT$60.03 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,356 Real Estate companies, SanDi Properties Co ranks worse than 59.07% on this metric.

As of today (2026-08-03), SanDi Properties Co's current share price is NT$23.30. SanDi Properties Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$8.78. SanDi Properties Co's Cyclically Adjusted PS Ratio for today is 2.65.

The historical rank and industry rank for SanDi Properties Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:1438' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.29   Med: 11.34   Max: 35.34
Current: 2.51

During the past years, SanDi Properties Co's highest Cyclically Adjusted PS Ratio was 35.34. The lowest was 2.29. And the median was 11.34.

TPE:1438's Cyclically Adjusted PS Ratio is ranked worse than
59.07% of 1356 companies
in the Real Estate industry
Industry Median: 1.83 vs TPE:1438: 2.51

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

SanDi Properties Co's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$6.848. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is NT$8.78 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


SanDi Properties Co  (TPE:1438) 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.


SanDi Properties Co Cyclically Adjusted PS Ratio Related Terms


SanDi Properties Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SanDi Properties 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.

SanDi Properties Co Cyclically Adjusted PS Ratio Chart

SanDi Properties 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 28.91 10.98 9.11 0.00 3.83

SanDi Properties Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.00 6.60 0.00 5.28 3.83

SanDi Properties Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, SanDi Properties 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.


SanDi Properties Co Cyclically Adjusted PS Ratio vs Real Estate Industry

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

* The bar in red indicates where SanDi Properties Co's Cyclically Adjusted PS Ratio falls into.


TPE:1438
52GF Score
SanDi Properties Co Ltd TPE:1438
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SanDi Properties 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.

SanDi Properties Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.30/8.78
=2.65

* 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.

SanDi Properties Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, SanDi Properties Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=6.848/324.0540*324.0540
=6.848

Current CPI (Dec. 2025) = 324.0540.

SanDi Properties Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.001 238.132 0.001
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 0.000 246.524 0.000
201803 0.000 249.554 0.000
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 0.000 251.233 0.000
201903 0.000 254.202 0.000
201906 0.000 256.143 0.000
201909 0.000 256.759 0.000
201912 0.000 256.974 0.000
202003 1.528 258.115 1.918
202006 0.240 257.797 0.302
202009 0.000 260.280 0.000
202012 0.000 260.474 0.000
202103 0.007 264.877 0.009
202106 0.000 271.696 0.000
202109 0.001 274.310 0.001
202112 0.226 278.802 0.263
202203 0.000 287.504 0.000
202206 6.242 296.311 6.826
202209 0.000 296.808 0.000
202212 1.804 296.797 1.970
202303 2.909 301.836 3.123
202306 0.000 305.109 0.000
202309 0.294 307.789 0.310
202312 0.194 306.746 0.205
202403 0.000 312.332 0.000
202406 0.018 314.175 0.019
202409 12.768 315.301 13.122
202412 0.000 315.605 0.000
202503 0.002 319.799 0.002
202506 0.000 322.561 0.000
202509 0.185 324.800 0.185
202512 6.848 324.054 6.848

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.

What does a Cyclically Adjusted PS Ratio of 2.65 mean?
SanDi Properties Co (TPE:1438) has a Cyclically Adjusted PS Ratio of 2.65 as of Aug. 03, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on SanDi Properties Co and its competitors. This is 77% below median its historical median of 11.34. Over the past decade, SanDi Properties Co's Cyclically Adjusted PS Ratio has ranged from 2.29 to 35.34. According to the industry distribution chart, SanDi Properties Co ranks #801 out of 1356 companies in the Real Estate industry, placing it in the top 59.1%.
Is SanDi Properties Co's Cyclically Adjusted PS Ratio too high?
SanDi Properties Co's current Cyclically Adjusted PS Ratio of 2.65 is 77% below median its 10-year median of 11.34. Over the past 10 years, this metric has ranged from a low of 2.29 to a high of 35.34. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.83. SanDi Properties Co's value of 2.65 is 44.8% above this industry median. Based on the distribution chart, SanDi Properties Co ranks #801 out of 1356 companies in the Real Estate industry, which is below the industry midpoint. Overall, SanDi Properties Co has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SanDi Properties Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, SanDi Properties Co ranks #801 out of 1356 companies for Cyclically Adjusted PS Ratio. This places SanDi Properties Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.83. SanDi Properties Co's value of 2.65 is 44.8% above this benchmark. Historically, SanDi Properties Co's own Cyclically Adjusted PS Ratio has ranged from 2.29 to 35.34 over the past decade. While the company's 10-year median is 11.34 vs. the industry median of 1.83, SanDi Properties 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 PS Ratio for a Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.83, based on 1,356 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SanDi Properties Co's current Cyclically Adjusted PS Ratio of 2.65 is 44.8% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on SanDi Properties Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SanDi Properties Co's current Cyclically Adjusted PS Ratio is 2.65, which is 77% below median its own 10-year median of 11.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SanDi Properties Co stock overvalued right now?
Based on GuruFocus' analysis, SanDi Properties Co (TPE:1438) is currently considered Possible Value Trap. The stock's GF Value™ is NT$60.03, compared to a current price of NT$23.30 — trading 61.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.65, which is 77% below median its 10-year median of 11.34 and 44.8% above the Real Estate industry median of 1.83. SanDi Properties Co's overall GF Score™ is 52/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For SanDi Properties Co (TPE:1438), the current Cyclically Adjusted PS Ratio is 2.65 as of Aug. 03, 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 SanDi Properties Co (TPE:1438) Overvalued in 2026?

Based on GuruFocus' analysis, SanDi Properties Co stock appears to be undervalued. The current stock price of NT$23.30 is trading 61.2% below its estimated GF Value™ of NT$60.03. GuruFocus considers SanDi Properties Co to be Possible Value Trap.

Key valuation signals for TPE:1438:

  • Cyclically Adjusted PS Ratio: 2.65 (77% below median its 10-year median of 11.34)
  • GF Value™: NT$60.03 vs. price of NT$23.30 (61.2% below fair value)
  • GF Score™: 52/100 with 9 warning signs
  • Industry Position: 44.8% above the Real Estate median (#801 of 1356)

No single metric tells the full story. See the TPE:1438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SanDi Properties Co Business Description

Address No. 175, Zhongzheng 2nd Road, 16th Floor-3, Lingya District, Kaohsiung, TWN, 802406
SanDi Properties Co Ltd, is engaged in the construction of commercial buildings, industrial buildings, residential rental and sales business, and real estate trading business. The company generates a majority of revenue from Taiwan.
52GF Score

Get the complete analysis for TPE:1438

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

NT$23.30
Price
NT$60.03
GF Value