Huang Hsiang Construction (TPE:2545) Cyclically Adjusted PS Ratio: 1.64 (As of Sep. 15, 2026) — 19% 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:2545 Huang Hsiang Construction Corp TPE:2545
65 GF Score
Price NT$33.05
GF Value NT$24.02
Valuation Significantly Overvalued
! 13 Warning Signs
View Full Analysis

What is Huang Hsiang Construction Cyclically Adjusted PS Ratio?

Huang Hsiang Construction TPE:2545 -2.07% 65 Cyclically Adjusted PS Ratio is 1.64 as of Sep. 15, 2026, which is 19% below its 10-year median of 2.03. GuruFocus rates TPE:2545 with a GF Score™ of 65/100 and a GF Value™ of NT$24.02 (Significantly Overvalued). The stock has 13 warning signs investors should review. Among 1,366 Real Estate companies, Huang Hsiang Construction ranks better than 51.61% on this metric.

As of today (2026-09-15), Huang Hsiang Construction's current share price is NT$33.05. Huang Hsiang Construction's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$20.10. Huang Hsiang Construction's Cyclically Adjusted PS Ratio for today is 1.64.

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

TPE:2545' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.45   Med: 2.03   Max: 3.45
Current: 1.68

During the past years, Huang Hsiang Construction's highest Cyclically Adjusted PS Ratio was 3.45. The lowest was 1.45. And the median was 2.03.

TPE:2545's Cyclically Adjusted PS Ratio is ranked better than
51.61% of 1366 companies
in the Real Estate industry
Industry Median: 1.78 vs TPE:2545: 1.68

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.

Huang Hsiang Construction's adjusted revenue per share data for the three months ended in Jun. 2026 was NT$4.209. 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$20.10 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Huang Hsiang Construction  (TPE:2545) 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.


Huang Hsiang Construction Cyclically Adjusted PS Ratio Related Terms


Huang Hsiang Construction Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Huang Hsiang 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.

Huang Hsiang Construction Cyclically Adjusted PS Ratio Chart

Huang Hsiang 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 1.81 2.05 2.17 2.89 1.67

Huang Hsiang Construction Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 1.84 1.81 1.67 1.53 1.91

Huang Hsiang Construction Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Huang Hsiang 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.


Huang Hsiang Construction Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


TPE:2545
65GF Score
Huang Hsiang Construction Corp TPE:2545
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Huang Hsiang 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=33.05/20.10
=1.64

* 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.

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

For example, Huang Hsiang Construction'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)
=4.209/333.9520*333.9520
=4.209

Current CPI (Jun. 2026) = 333.9520.

Huang Hsiang Construction Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.738 241.428 3.787
201612 1.023 241.432 1.415
201703 2.203 243.801 3.018
201706 2.393 244.955 3.262
201709 2.492 246.819 3.372
201712 1.447 246.524 1.960
201803 1.571 249.554 2.102
201806 3.691 251.989 4.892
201809 1.707 252.439 2.258
201812 1.992 251.233 2.648
201903 1.562 254.202 2.052
201906 2.706 256.143 3.528
201909 1.517 256.759 1.973
201912 3.632 256.974 4.720
202003 3.109 258.115 4.022
202006 3.283 257.797 4.253
202009 7.449 260.280 9.557
202012 5.252 260.474 6.734
202103 3.320 264.877 4.186
202106 6.056 271.696 7.444
202109 3.550 274.310 4.322
202112 10.266 278.802 12.297
202203 6.283 287.504 7.298
202206 5.617 296.311 6.331
202209 5.310 296.808 5.975
202212 3.712 296.797 4.177
202303 1.697 301.836 1.878
202306 1.780 305.109 1.948
202309 2.513 307.789 2.727
202312 8.030 306.746 8.742
202403 7.195 312.332 7.693
202406 10.035 314.175 10.667
202409 13.569 315.301 14.372
202412 6.779 315.605 7.173
202503 4.425 319.799 4.621
202506 11.138 322.561 11.531
202509 1.504 324.800 1.546
202512 1.036 324.054 1.068
202603 5.180 330.213 5.239
202606 4.209 333.952 4.209

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 1.64 mean?
Huang Hsiang Construction (TPE:2545) has a Cyclically Adjusted PS Ratio of 1.64 as of Sep. 15, 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 Huang Hsiang Construction and its competitors. This is 19% below median its historical median of 2.03. Over the past decade, Huang Hsiang Construction's Cyclically Adjusted PS Ratio has ranged from 1.45 to 3.45. According to the industry distribution chart, Huang Hsiang Construction ranks #661 out of 1366 companies in the Real Estate industry, placing it in the top 48.4%.
Is Huang Hsiang Construction's Cyclically Adjusted PS Ratio too high?
Huang Hsiang Construction's current Cyclically Adjusted PS Ratio of 1.64 is 19% below median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 3.45. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. Huang Hsiang Construction's value of 1.64 is 7.9% below this industry median. Based on the distribution chart, Huang Hsiang Construction ranks #661 out of 1366 companies in the Real Estate industry, which is above the industry midpoint. Overall, Huang Hsiang Construction has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Huang Hsiang Construction's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Huang Hsiang Construction ranks #661 out of 1366 companies for Cyclically Adjusted PS Ratio. This puts Huang Hsiang Construction in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. Huang Hsiang Construction's value of 1.64 is 7.9% below this benchmark. Historically, Huang Hsiang Construction's own Cyclically Adjusted PS Ratio has ranged from 1.45 to 3.45 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 1.78, Huang Hsiang Construction has consistently been below 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 1,366 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. Huang Hsiang Construction's current Cyclically Adjusted PS Ratio of 1.64 is 7.9% below 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 Huang Hsiang Construction 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. Huang Hsiang Construction's current Cyclically Adjusted PS Ratio is 1.64, which is 19% below median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huang Hsiang Construction stock overvalued right now?
Based on GuruFocus' analysis, Huang Hsiang Construction (TPE:2545) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$24.02, compared to a current price of NT$33.05 — trading 37.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.64, which is 19% below median its 10-year median of 2.03 and 7.9% below the Real Estate industry median of 1.78. Huang Hsiang Construction's overall GF Score™ is 65/100 with 13 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 Huang Hsiang Construction (TPE:2545), the current Cyclically Adjusted PS Ratio is 1.64 as of Sep. 15, 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 Huang Hsiang Construction (TPE:2545) Overvalued in 2026?

Based on GuruFocus' analysis, Huang Hsiang Construction stock appears to be overvalued. The current stock price of NT$33.05 is trading 37.6% above its estimated GF Value™ of NT$24.02. GuruFocus considers Huang Hsiang Construction to be Significantly Overvalued.

Key valuation signals for TPE:2545:

  • Cyclically Adjusted PS Ratio: 1.64 (19% below median its 10-year median of 2.03)
  • GF Value™: NT$24.02 vs. price of NT$33.05 (37.6% above fair value)
  • GF Score™: 65/100 with 13 warning signs
  • Industry Position: 7.9% below the Real Estate median (#661 of 1366)

No single metric tells the full story. See the TPE:2545 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Huang Hsiang Construction Business Description

Address Bo\'ai Road, 8th Floor, Number 38, Zhongzheng District, Taipei, TWN
Huang Hsiang Construction Corp is principally engaged in the development of residential properties, the lease or sale of commercial buildings, comprehensive constructions, the development of specific districts, and hotel operations. The group has three operating segments: the Development department, which is engaged in the development of commercial and residential buildings for leasing and sales; the Construction department, which is engaged in the business of construction and civil engineering; and the Hotel department, which is engaged in the business of accommodation and catering services. The company generates the majority of its revenue from the Development segment. Geographically, the company operates in Taiwan.
65GF Score

Get the complete analysis for TPE:2545

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

NT$33.05
Price
NT$24.02
GF Value