Kedge Construction Co (TPE:2546) Cyclically Adjusted PS Ratio: 0.84 (As of Jul. 29, 2026) — 40% Above Median

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TPE:2546 Kedge Construction Co Ltd TPE:2546
95 GF Score
Price NT$98.00
GF Value NT$110.64
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Kedge Construction Co Cyclically Adjusted PS Ratio?

Kedge Construction Co TPE:2546 +1.24% 95 Cyclically Adjusted PS Ratio is 0.84 as of Jul. 29, 2026, which is 40% above its 10-year median of 0.60. GuruFocus rates TPE:2546 with a GF Score™ of 95/100 and a GF Value™ of NT$110.64 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,357 Construction companies, Kedge Construction Co ranks worse than 55.71% on this metric.

As of today (2026-07-29), Kedge Construction Co's current share price is NT$98.00. Kedge Construction Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$116.76. Kedge Construction Co's Cyclically Adjusted PS Ratio for today is 0.84.

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

TPE:2546' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.6   Max: 1.14
Current: 0.83

During the past years, Kedge Construction Co's highest Cyclically Adjusted PS Ratio was 1.14. The lowest was 0.41. And the median was 0.60.

TPE:2546's Cyclically Adjusted PS Ratio is ranked worse than
55.71% of 1357 companies
in the Construction industry
Industry Median: 0.7 vs TPE:2546: 0.83

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.

Kedge Construction Co's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$32.543. 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$116.76 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kedge Construction Co  (TPE:2546) 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.


Kedge Construction Co Cyclically Adjusted PS Ratio Related Terms


Kedge Construction Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kedge Construction 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.

Kedge Construction Co Cyclically Adjusted PS Ratio Chart

Kedge Construction 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 0.53 0.54 0.80 0.65 0.76

Kedge Construction Co 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 0.71 0.72 0.79 0.76 0.68

TPE:2546 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Kedge Construction 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.


Kedge Construction Co Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Kedge Construction Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:2546
95GF Score
Kedge Construction Co Ltd TPE:2546
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kedge Construction 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=98.00/116.76
=0.84

* 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.

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

For example, Kedge Construction 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)
=32.543/330.2130*330.2130
=32.543

Current CPI (Mar. 2026) = 330.2130.

Kedge Construction Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 17.270 241.018 23.661
201609 16.533 241.428 22.613
201612 15.320 241.432 20.954
201703 12.514 243.801 16.949
201706 15.162 244.955 20.439
201709 17.532 246.819 23.456
201712 18.946 246.524 25.378
201803 18.566 249.554 24.567
201806 19.530 251.989 25.593
201809 26.927 252.439 35.223
201812 22.331 251.233 29.351
201903 20.890 254.202 27.136
201906 21.098 256.143 27.199
201909 21.583 256.759 27.757
201912 24.110 256.974 30.981
202003 21.204 258.115 27.127
202006 30.959 257.797 39.655
202009 26.251 260.280 33.304
202012 29.203 260.474 37.022
202103 20.129 264.877 25.094
202106 19.293 271.696 23.448
202109 17.906 274.310 21.555
202112 24.542 278.802 29.068
202203 16.808 287.504 19.305
202206 21.424 296.311 23.875
202209 29.054 296.808 32.324
202212 39.934 296.797 44.430
202303 24.806 301.836 27.138
202306 30.192 305.109 32.676
202309 22.781 307.789 24.441
202312 30.519 306.746 32.854
202403 22.848 312.332 24.156
202406 26.769 314.175 28.136
202409 26.004 315.301 27.234
202412 32.505 315.605 34.010
202503 29.989 319.799 30.966
202506 40.805 322.561 41.773
202509 49.000 324.800 49.817
202512 43.589 324.054 44.417
202603 32.543 330.213 32.543

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 0.84 mean?
Kedge Construction Co (TPE:2546) has a Cyclically Adjusted PS Ratio of 0.84 as of Jul. 29, 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 Kedge Construction Co and its competitors. This is 40% above median its historical median of 0.60. Over the past decade, Kedge Construction Co's Cyclically Adjusted PS Ratio has ranged from 0.41 to 1.14. According to the industry distribution chart, Kedge Construction Co ranks #756 out of 1357 companies in the Construction industry, placing it in the top 55.7%.
Is Kedge Construction Co's Cyclically Adjusted PS Ratio too high?
Kedge Construction Co's current Cyclically Adjusted PS Ratio of 0.84 is 40% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.14. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Kedge Construction Co's value of 0.84 is 20% above this industry median. Based on the distribution chart, Kedge Construction Co ranks #756 out of 1357 companies in the Construction industry, which is below the industry midpoint. Overall, Kedge Construction Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kedge Construction Co's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Kedge Construction Co ranks #756 out of 1357 companies for Cyclically Adjusted PS Ratio. This places Kedge Construction Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Kedge Construction Co's value of 0.84 is 20% above this benchmark. Historically, Kedge Construction Co's own Cyclically Adjusted PS Ratio has ranged from 0.41 to 1.14 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.70, Kedge Construction 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,357 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. Kedge Construction Co's current Cyclically Adjusted PS Ratio of 0.84 is 20% 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 Kedge Construction Co and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kedge Construction Co's current Cyclically Adjusted PS Ratio is 0.84, which is 40% above median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kedge Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Kedge Construction Co (TPE:2546) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$110.64, compared to a current price of NT$98.00 — trading 11.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.84, which is 40% above median its 10-year median of 0.60 and 20% above the Construction industry median of 0.70. Kedge Construction Co's overall GF Score™ is 95/100 with 5 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 Kedge Construction Co (TPE:2546), the current Cyclically Adjusted PS Ratio is 0.84 as of Jul. 29, 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 Kedge Construction Co (TPE:2546) Overvalued in 2026?

Based on GuruFocus' analysis, Kedge Construction Co stock appears to be undervalued. The current stock price of NT$98.00 is trading 11.4% below its estimated GF Value™ of NT$110.64. GuruFocus considers Kedge Construction Co to be Modestly Undervalued.

Key valuation signals for TPE:2546:

  • Cyclically Adjusted PS Ratio: 0.84 (40% above median its 10-year median of 0.60)
  • GF Value™: NT$110.64 vs. price of NT$98.00 (11.4% below fair value)
  • GF Score™: 95/100 with 5 warning signs
  • Industry Position: 20% above the Construction median (#756 of 1357)

No single metric tells the full story. See the TPE:2546 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kedge Construction Co Business Description

Address Heping E. Road, Section 3, 6th Floor, Number 131, Taipei, TWN
Kedge Construction Co Ltd operates in the contracting business of residential property and public construction. The projects of the company are in areas of Collective Housing, Department Store, Institutional School, Technology Factory Office, Biotech Medical, and Civil Engineering. The company's reportable operating segment only is the construction segment.
95GF Score

Get the complete analysis for TPE:2546

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

NT$98.00
Price
NT$110.64
GF Value