Highwealth Construction (TPE:2542) Cyclically Adjusted PS Ratio: 2.23 (As of Aug. 04, 2026) — 25% 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:2542 Highwealth Construction Corp TPE:2542
81 GF Score
Price NT$44.15
GF Value NT$54.57
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Highwealth Construction Cyclically Adjusted PS Ratio?

Highwealth Construction TPE:2542 +0.68% 81 Cyclically Adjusted PS Ratio is 2.23 as of Aug. 04, 2026, which is 25% above its 10-year median of 1.78. GuruFocus rates TPE:2542 with a GF Score™ of 81/100 and a GF Value™ of NT$54.57 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,356 Real Estate companies, Highwealth Construction ranks worse than 55.53% on this metric.

As of today (2026-08-04), Highwealth Construction's current share price is NT$44.15. Highwealth Construction's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$19.82. Highwealth Construction's Cyclically Adjusted PS Ratio for today is 2.23.

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

TPE:2542' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.3   Med: 1.78   Max: 2.64
Current: 2.22

During the past years, Highwealth Construction's highest Cyclically Adjusted PS Ratio was 2.64. The lowest was 1.30. And the median was 1.78.

TPE:2542's Cyclically Adjusted PS Ratio is ranked worse than
55.53% of 1356 companies
in the Real Estate industry
Industry Median: 1.83 vs TPE:2542: 2.22

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.

Highwealth Construction's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$7.661. 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$19.82 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Highwealth Construction  (TPE:2542) 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.


Highwealth Construction Cyclically Adjusted PS Ratio Related Terms


Highwealth Construction Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Highwealth Construction'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.

Highwealth Construction Cyclically Adjusted PS Ratio Chart

Highwealth Construction 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 1.77 1.59 1.69 2.06 2.07

Highwealth Construction Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 2.10 1.98 1.99 2.07 1.76

Highwealth Construction Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Highwealth Construction'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.


Highwealth Construction Cyclically Adjusted PS Ratio vs Real Estate Industry

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

* The bar in red indicates where Highwealth Construction's Cyclically Adjusted PS Ratio falls into.


TPE:2542
81GF Score
Highwealth Construction Corp TPE:2542
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Highwealth Construction 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.

Highwealth Construction's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=44.15/19.82
=2.23

* 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.

Highwealth Construction's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Highwealth Construction'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)
=7.661/330.2130*330.2130
=7.661

Current CPI (Mar. 2026) = 330.2130.

Highwealth Construction Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.562 241.018 3.510
201609 7.688 241.428 10.515
201612 4.531 241.432 6.197
201703 2.241 243.801 3.035
201706 1.731 244.955 2.333
201709 3.956 246.819 5.293
201712 2.278 246.524 3.051
201803 5.251 249.554 6.948
201806 6.938 251.989 9.092
201809 5.112 252.439 6.687
201812 5.544 251.233 7.287
201903 4.437 254.202 5.764
201906 2.643 256.143 3.407
201909 1.783 256.759 2.293
201912 3.047 256.974 3.915
202003 1.182 258.115 1.512
202006 3.872 257.797 4.960
202009 4.434 260.280 5.625
202012 3.124 260.474 3.960
202103 4.073 264.877 5.078
202106 7.443 271.696 9.046
202109 5.024 274.310 6.048
202112 4.449 278.802 5.269
202203 3.325 287.504 3.819
202206 0.797 296.311 0.888
202209 1.591 296.808 1.770
202212 6.817 296.797 7.585
202303 4.309 301.836 4.714
202306 3.609 305.109 3.906
202309 9.465 307.789 10.155
202312 3.342 306.746 3.598
202403 2.466 312.332 2.607
202406 4.706 314.175 4.946
202409 4.511 315.301 4.724
202412 5.765 315.605 6.032
202503 0.525 319.799 0.542
202506 2.276 322.561 2.330
202509 4.000 324.800 4.067
202512 7.887 324.054 8.037
202603 7.661 330.213 7.661

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 2.23 mean?
Highwealth Construction (TPE:2542) has a Cyclically Adjusted PS Ratio of 2.23 as of Aug. 04, 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 Highwealth Construction and its competitors. This is 25% above median its historical median of 1.78. Over the past decade, Highwealth Construction's Cyclically Adjusted PS Ratio has ranged from 1.30 to 2.64. According to the industry distribution chart, Highwealth Construction ranks #753 out of 1356 companies in the Real Estate industry, placing it in the top 55.5%.
Is Highwealth Construction's Cyclically Adjusted PS Ratio too high?
Highwealth Construction's current Cyclically Adjusted PS Ratio of 2.23 is 25% above median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 2.64. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.83. Highwealth Construction's value of 2.23 is 21.9% above this industry median. Based on the distribution chart, Highwealth Construction ranks #753 out of 1356 companies in the Real Estate industry, which is below the industry midpoint. Overall, Highwealth Construction has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Highwealth Construction's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Highwealth Construction ranks #753 out of 1356 companies for Cyclically Adjusted PS Ratio. This places Highwealth Construction in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.83. Highwealth Construction's value of 2.23 is 21.9% above this benchmark. Historically, Highwealth Construction's own Cyclically Adjusted PS Ratio has ranged from 1.30 to 2.64 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 1.83, Highwealth Construction 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. Highwealth Construction's current Cyclically Adjusted PS Ratio of 2.23 is 21.9% 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 Highwealth Construction 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. Highwealth Construction's current Cyclically Adjusted PS Ratio is 2.23, which is 25% above median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highwealth Construction stock overvalued right now?
Based on GuruFocus' analysis, Highwealth Construction (TPE:2542) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$54.57, compared to a current price of NT$44.15 — trading 19.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.23, which is 25% above median its 10-year median of 1.78 and 21.9% above the Real Estate industry median of 1.83. Highwealth Construction's overall GF Score™ is 81/100 with 7 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 Highwealth Construction (TPE:2542), the current Cyclically Adjusted PS Ratio is 2.23 as of Aug. 04, 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 Highwealth Construction (TPE:2542) Overvalued in 2026?

Based on GuruFocus' analysis, Highwealth Construction stock appears to be undervalued. The current stock price of NT$44.15 is trading 19.1% below its estimated GF Value™ of NT$54.57. GuruFocus considers Highwealth Construction to be Modestly Undervalued.

Key valuation signals for TPE:2542:

  • Cyclically Adjusted PS Ratio: 2.23 (25% above median its 10-year median of 1.78)
  • GF Value™: NT$54.57 vs. price of NT$44.15 (19.1% below fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 21.9% above the Real Estate median (#753 of 1356)

No single metric tells the full story. See the TPE:2542 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Highwealth Construction Business Description

Address No.267, Lequn 2nd Road, 10th Floor, Zhongshan District, Taipei, TWN, 10491
Highwealth Construction Corp is engaged in the business of construction sales, and leasing of residential and commercial buildings. Geographically the activities are carried out in Taiwan. The firm has three segments: Developing; Constructing, Hotel and other divisions. The developing segment that derives the majority of revenue is responsible for developing new construction or rental opportunities. Constructing segment is responsible for constructing buildings. Department stores and hotel segment operates hotels, catering services, and other business operations. The Groups revenues are all generated from domestic business.
81GF Score

Get the complete analysis for TPE:2542

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

NT$44.15
Price
NT$54.57
GF Value