Ascent Development Co (TPE:1439) Cyclically Adjusted PS Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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
47 GF Score
Price NT$27.45
GF Value NT$51.01
Valuation Possible Value Trap
! 7 Warning Signs
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What is Ascent Development Co Cyclically Adjusted PS Ratio?

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
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Mar26
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 9.03 8.74 8.30 7.61 0.00

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
47GF Score
Ascent Development Co Ltd TPE:1439
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.825/330.2130*330.2130
=0.825

Current CPI (Mar. 2026) = 330.2130.

Ascent Development Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 1.148 238.132 1.592
201606 0.705 241.018 0.966
201609 0.769 241.428 1.052
201612 1.058 241.432 1.447
201703 0.834 243.801 1.130
201706 0.679 244.955 0.915
201709 0.631 246.819 0.844
201712 0.803 246.524 1.076
201803 0.707 249.554 0.936
201806 0.852 251.989 1.116
201809 0.689 252.439 0.901
201812 0.607 251.233 0.798
201903 0.603 254.202 0.783
201906 0.552 256.143 0.712
201909 0.381 256.759 0.490
201912 0.375 256.974 0.482
202003 0.541 258.115 0.692
202006 0.222 257.797 0.284
202009 0.213 260.280 0.270
202012 0.256 260.474 0.325
202103 0.245 264.877 0.305
202106 0.196 271.696 0.238
202109 1.381 274.310 1.662
202112 1.281 278.802 1.517
202203 1.094 287.504 1.257
202206 2.964 296.311 3.303
202209 1.796 296.808 1.998
202212 1.247 296.797 1.387
202303 0.979 301.836 1.071
202306 0.222 305.109 0.240
202309 0.395 307.789 0.424
202312 0.561 306.746 0.604
202403 0.360 312.332 0.381
202406 0.346 314.175 0.364
202409 0.153 315.301 0.160
202412 0.217 315.605 0.227
202503 1.482 319.799 1.530
202506 1.051 322.561 1.076
202509 3.066 324.800 3.117
202603 0.825 330.213 0.825

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 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$27.45 is trading 46.2% below its estimated GF Value™ of NT$51.01. GuruFocus considers Ascent Development Co to be Possible Value Trap.

Key valuation signals for TPE:1439:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$51.01 vs. price of NT$27.45 (46.2% below fair value)
  • GF Score™: 47/100 with 7 warning signs

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.
47GF 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$27.45
Price
NT$51.01
GF Value