JSL Construction & Development Co (TPE:2540) Cyclically Adjusted PS Ratio: 7.66 (As of Jul. 27, 2026) — 10% Above Median

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TPE:2540 JSL Construction & Development Co Ltd TPE:2540
85 GF Score
Price NT$54.30
GF Value NT$61.06
Valuation Modestly Undervalued
! 15 Warning Signs
View Full Analysis

What is JSL Construction & Development Co Cyclically Adjusted PS Ratio?

JSL Construction & Development Co TPE:2540 +1.69% 85 Cyclically Adjusted PS Ratio is 7.66 as of Jul. 27, 2026, which is 10% above its 10-year median of 6.98. GuruFocus rates TPE:2540 with a GF Score™ of 85/100 and a GF Value™ of NT$61.06 (Modestly Undervalued). The stock has 15 warning signs investors should review. Among 1,358 Real Estate companies, JSL Construction & Development Co ranks worse than 85.57% on this metric.

As of today (2026-07-27), JSL Construction & Development Co's current share price is NT$54.30. JSL Construction & Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$7.09. JSL Construction & Development Co's Cyclically Adjusted PS Ratio for today is 7.66.

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

TPE:2540' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.93   Med: 6.98   Max: 19.04
Current: 7.53

During the past years, JSL Construction & Development Co's highest Cyclically Adjusted PS Ratio was 19.04. The lowest was 1.93. And the median was 6.98.

TPE:2540's Cyclically Adjusted PS Ratio is ranked worse than
85.57% of 1358 companies
in the Real Estate industry
Industry Median: 1.78 vs TPE:2540: 7.53

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.

JSL Construction & Development Co's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$1.959. 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$7.09 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


JSL Construction & Development Co  (TPE:2540) 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.


JSL Construction & Development Co Cyclically Adjusted PS Ratio Related Terms


JSL Construction & Development Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JSL Construction & 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.

JSL Construction & Development Co Cyclically Adjusted PS Ratio Chart

JSL Construction & 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 4.84 6.50 8.44 11.24 7.01

JSL Construction & Development 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 11.24 9.68 8.47 8.16 7.01

TPE:2540 vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, JSL Construction & 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.


JSL Construction & Development Co Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


TPE:2540
85GF Score
JSL Construction & Development Co Ltd TPE:2540
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JSL Construction & 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.

JSL Construction & Development Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=54.30/7.09
=7.66

* 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.

JSL Construction & Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, JSL Construction & Development 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)
=1.959/324.0540*324.0540
=1.959

Current CPI (Dec. 2025) = 324.0540.

JSL Construction & Development Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.135 238.132 0.184
201606 0.228 241.018 0.307
201609 0.581 241.428 0.780
201612 0.495 241.432 0.664
201703 0.192 243.801 0.255
201706 0.362 244.955 0.479
201709 0.235 246.819 0.309
201712 0.464 246.524 0.610
201803 0.467 249.554 0.606
201806 0.419 251.989 0.539
201809 0.815 252.439 1.046
201812 0.616 251.233 0.795
201903 0.398 254.202 0.507
201906 0.832 256.143 1.053
201909 0.669 256.759 0.844
201912 0.855 256.974 1.078
202003 1.004 258.115 1.260
202006 0.999 257.797 1.256
202009 1.844 260.280 2.296
202012 2.744 260.474 3.414
202103 1.499 264.877 1.834
202106 1.328 271.696 1.584
202109 1.413 274.310 1.669
202112 4.254 278.802 4.944
202203 1.462 287.504 1.648
202206 1.314 296.311 1.437
202209 1.422 296.808 1.553
202212 1.799 296.797 1.964
202303 1.878 301.836 2.016
202306 2.363 305.109 2.510
202309 2.355 307.789 2.479
202312 3.246 306.746 3.429
202403 2.766 312.332 2.870
202406 3.003 314.175 3.097
202409 2.927 315.301 3.008
202412 4.174 315.605 4.286
202503 2.410 319.799 2.442
202506 4.862 322.561 4.885
202509 2.999 324.800 2.992
202512 1.959 324.054 1.959

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 7.66 mean?
JSL Construction & Development Co (TPE:2540) has a Cyclically Adjusted PS Ratio of 7.66 as of Jul. 27, 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 JSL Construction & Development Co and its competitors. This is 10% above median its historical median of 6.98. Over the past decade, JSL Construction & Development Co's Cyclically Adjusted PS Ratio has ranged from 1.93 to 19.04. According to the industry distribution chart, JSL Construction & Development Co ranks #1162 out of 1358 companies in the Real Estate industry, placing it in the top 85.6%.
Is JSL Construction & Development Co's Cyclically Adjusted PS Ratio too high?
JSL Construction & Development Co's current Cyclically Adjusted PS Ratio of 7.66 is 10% above median its 10-year median of 6.98. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 19.04. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. JSL Construction & Development Co's value of 7.66 is 330.3% above this industry median. Based on the distribution chart, JSL Construction & Development Co ranks #1162 out of 1358 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, JSL Construction & Development Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JSL Construction & Development Co's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, JSL Construction & Development Co ranks #1162 out of 1358 companies for Cyclically Adjusted PS Ratio. This places JSL Construction & Development Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. JSL Construction & Development Co's value of 7.66 is 330.3% above this benchmark. Historically, JSL Construction & Development Co's own Cyclically Adjusted PS Ratio has ranged from 1.93 to 19.04 over the past decade. While the company's 10-year median is 6.98 vs. the industry median of 1.78, JSL Construction & 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 1,358 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. JSL Construction & Development Co's current Cyclically Adjusted PS Ratio of 7.66 is 330.3% 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 JSL Construction & 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. JSL Construction & Development Co's current Cyclically Adjusted PS Ratio is 7.66, which is 10% above median its own 10-year median of 6.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSL Construction & Development Co stock overvalued right now?
Based on GuruFocus' analysis, JSL Construction & Development Co (TPE:2540) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$61.06, compared to a current price of NT$54.30 — trading 11.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.66, which is 10% above median its 10-year median of 6.98 and 330.3% above the Real Estate industry median of 1.78. JSL Construction & Development Co's overall GF Score™ is 85/100 with 15 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 JSL Construction & Development Co (TPE:2540), the current Cyclically Adjusted PS Ratio is 7.66 as of Jul. 27, 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 JSL Construction & Development Co (TPE:2540) Overvalued in 2026?

Based on GuruFocus' analysis, JSL Construction & Development Co stock appears to be undervalued. The current stock price of NT$54.30 is trading 11.1% below its estimated GF Value™ of NT$61.06. GuruFocus considers JSL Construction & Development Co to be Modestly Undervalued.

Key valuation signals for TPE:2540:

  • Cyclically Adjusted PS Ratio: 7.66 (10% above median its 10-year median of 6.98)
  • GF Value™: NT$61.06 vs. price of NT$54.30 (11.1% below fair value)
  • GF Score™: 85/100 with 15 warning signs
  • Industry Position: 330.3% above the Real Estate median (#1162 of 1358)

No single metric tells the full story. See the TPE:2540 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JSL Construction & Development Co Business Description

Address No.128 Langjiang Road, 2nd floor, Zhongshan District, Taipei, TWN, 104
JSL Construction & Development Co Ltd operates as real estate agents and sellers, to commission construction companies for the construction of national housing, commercial buildings for rental leases and sales, trading of building materials, operation of interior decoration, IT software, third-party payment services, integrated construction, property management and wholesale of food and goods. It has three segments: Real estate selling agency, Construction, and Development. The Real estate selling agency is engaged in real estate selling operation; the Construction segment is engaged in the construction of public housing, commercial building development, rental, and sales, real estate sales, and other business; the Development segment undertakes civil construction engineering projects.
85GF Score

Get the complete analysis for TPE:2540

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

NT$54.30
Price
NT$61.06
GF Value