Ascent Development Co (TPE:1439) Cyclically Adjusted PS Ratio: 7.77 (As of Sep. 13, 2026) — 28% Above 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:1439 Ascent Development Co Ltd TPE:1439
64 GF Score
Price NT$29.30
GF Value NT$49.87
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Ascent Development Co Cyclically Adjusted PS Ratio?

Ascent Development Co TPE:1439 64 Cyclically Adjusted PS Ratio is 7.77 as of Sep. 13, 2026, which is 28% above its 10-year median of 6.05. GuruFocus rates TPE:1439 with a GF Score™ of 64/100 and a GF Value™ of NT$49.87 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,367 Real Estate companies, Ascent Development Co ranks worse than 86.32% on this metric.

As of today (2026-09-13), Ascent Development Co's current share price is NT$29.30. Ascent Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$3.77. Ascent Development Co's Cyclically Adjusted PS Ratio for today is 7.77.

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

TPE:1439' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.18   Med: 6.05   Max: 9.31
Current: 7.76

During the past years, Ascent Development Co's highest Cyclically Adjusted PS Ratio was 9.31. The lowest was 4.18. And the median was 6.05.

TPE:1439's Cyclically Adjusted PS Ratio is ranked worse than
86.32% of 1367 companies
in the Real Estate industry
Industry Median: 1.78 vs TPE:1439: 7.76

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.

Ascent Development Co's adjusted revenue per share data for the three months ended in Jun. 2026 was NT$0.424. 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$3.77 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ascent Development Co  (TPE:1439) 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.


Ascent Development Co Cyclically Adjusted PS Ratio Related Terms


Ascent Development Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ascent 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.

Ascent Development Co Cyclically Adjusted PS Ratio Chart

Ascent Development Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.22 5.47 4.91 6.15 9.03

Ascent Development Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 8.74 8.30 7.61 6.91 6.41

Ascent Development Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Ascent 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.


Ascent Development Co Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


TPE:1439
64GF Score
Ascent Development Co Ltd TPE:1439
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ascent 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.

Ascent Development Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=29.30/3.77
=7.77

* 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.

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

For example, Ascent 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)
=0.424/333.9520*333.9520
=0.424

Current CPI (Jun. 2026) = 333.9520.

Ascent Development Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.705 241.018 0.977
201609 0.769 241.428 1.064
201612 1.058 241.432 1.463
201703 0.834 243.801 1.142
201706 0.679 244.955 0.926
201709 0.631 246.819 0.854
201712 0.803 246.524 1.088
201803 0.707 249.554 0.946
201806 0.852 251.989 1.129
201809 0.689 252.439 0.911
201812 0.607 251.233 0.807
201903 0.603 254.202 0.792
201906 0.552 256.143 0.720
201909 0.381 256.759 0.496
201912 0.375 256.974 0.487
202003 0.541 258.115 0.700
202006 0.222 257.797 0.288
202009 0.213 260.280 0.273
202012 0.256 260.474 0.328
202103 0.245 264.877 0.309
202106 0.196 271.696 0.241
202109 1.381 274.310 1.681
202112 1.281 278.802 1.534
202203 1.094 287.504 1.271
202206 2.964 296.311 3.341
202209 1.796 296.808 2.021
202212 1.247 296.797 1.403
202303 0.979 301.836 1.083
202306 0.222 305.109 0.243
202309 0.395 307.789 0.429
202312 0.561 306.746 0.611
202403 0.360 312.332 0.385
202406 0.346 314.175 0.368
202409 0.153 315.301 0.162
202412 0.217 315.605 0.230
202503 1.482 319.799 1.548
202506 1.051 322.561 1.088
202509 3.066 324.800 3.152
202603 0.825 330.213 0.834
202606 0.424 333.952 0.424

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 7.77 mean?
Ascent Development Co (TPE:1439) has a Cyclically Adjusted PS Ratio of 7.77 as of Sep. 13, 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 Ascent Development Co and its competitors. This is 28% above median its historical median of 6.05. Over the past decade, Ascent Development Co's Cyclically Adjusted PS Ratio has ranged from 4.18 to 9.31. According to the industry distribution chart, Ascent Development Co ranks #1180 out of 1367 companies in the Real Estate industry, placing it in the top 86.3%.
Is Ascent Development Co's Cyclically Adjusted PS Ratio too high?
Ascent Development Co's current Cyclically Adjusted PS Ratio of 7.77 is 28% above median its 10-year median of 6.05. Over the past 10 years, this metric has ranged from a low of 4.18 to a high of 9.31. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. Ascent Development Co's value of 7.77 is 336.5% above this industry median. Based on the distribution chart, Ascent Development Co ranks #1180 out of 1367 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Ascent Development Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ascent Development Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Ascent Development Co ranks #1180 out of 1367 companies for Cyclically Adjusted PS Ratio. This places Ascent Development Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. Ascent Development Co's value of 7.77 is 336.5% above this benchmark. Historically, Ascent Development Co's own Cyclically Adjusted PS Ratio has ranged from 4.18 to 9.31 over the past decade. While the company's 10-year median is 6.05 vs. the industry median of 1.78, Ascent 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 PS Ratio for a Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.78, based on 1,367 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. Ascent Development Co's current Cyclically Adjusted PS Ratio of 7.77 is 336.5% 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 Ascent Development Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ascent Development Co's current Cyclically Adjusted PS Ratio is 7.77, which is 28% above median its own 10-year median of 6.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ascent Development Co stock overvalued right now?
Based on GuruFocus' analysis, Ascent Development Co (TPE:1439) is currently considered Possible Value Trap. The stock's GF Value™ is NT$49.87, compared to a current price of NT$29.30 — trading 41.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.77, which is 28% above median its 10-year median of 6.05 and 336.5% above the Real Estate industry median of 1.78. Ascent Development Co's overall GF Score™ is 64/100 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 Ascent Development Co (TPE:1439), the current Cyclically Adjusted PS Ratio is 7.77 as of Sep. 13, 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 Ascent Development Co (TPE:1439) Overvalued in 2026?

Based on GuruFocus' analysis, Ascent Development Co stock appears to be undervalued. The current stock price of NT$29.30 is trading 41.2% below its estimated GF Value™ of NT$49.87. GuruFocus considers Ascent Development Co to be Possible Value Trap.

Key valuation signals for TPE:1439:

  • Cyclically Adjusted PS Ratio: 7.77 (28% above median its 10-year median of 6.05)
  • GF Value™: NT$49.87 vs. price of NT$29.30 (41.2% below fair value)
  • GF Score™: 64/100 with 9 warning signs
  • Industry Position: 336.5% above the Real Estate median (#1180 of 1367)

No single metric tells the full story. See the TPE:1439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ascent Development Co Business Description

Address Jingmao 1st Road, 11th Floor, No. 170, Nangang District, Taipei, TWN, 115018
Ascent Development Co Ltd mainly engages in real estate development, lease, and sale. The Company is engaged in entrusting construction companies to build or sell buildings, and its business cycle is usually longer than one year. Its businesses include real estate investment development, construction, lease of residential properties, and building development, rental, and leasing. Its segments include construction project sales, which generate maximum revenue, service, lease, and others. The company generates revenue from Taiwan.
64GF Score

Get the complete analysis for TPE:1439

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

NT$29.30
Price
NT$49.87
GF Value