Sinyi Realty (TPE:9940) Cyclically Adjusted PS Ratio: 0.92 (As of Jul. 28, 2026) — 41% 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:9940 Sinyi Realty Inc TPE:9940
77 GF Score
Price NT$20.40
GF Value NT$25.97
Valuation Modestly Undervalued
! 11 Warning Signs
View Full Analysis

What is Sinyi Realty Cyclically Adjusted PS Ratio?

Sinyi Realty TPE:9940 +0.74% 77 Cyclically Adjusted PS Ratio is 0.92 as of Jul. 28, 2026, which is 41% below its 10-year median of 1.57. GuruFocus rates TPE:9940 with a GF Score™ of 77/100 and a GF Value™ of NT$25.97 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 1,358 Real Estate companies, Sinyi Realty ranks better than 67.16% on this metric.

As of today (2026-07-28), Sinyi Realty's current share price is NT$20.40. Sinyi Realty's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$22.19. Sinyi Realty's Cyclically Adjusted PS Ratio for today is 0.92.

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

TPE:9940' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.57   Max: 2.22
Current: 0.91

During the past years, Sinyi Realty's highest Cyclically Adjusted PS Ratio was 2.22. The lowest was 0.82. And the median was 1.57.

TPE:9940's Cyclically Adjusted PS Ratio is ranked better than
67.16% of 1358 companies
in the Real Estate industry
Industry Median: 1.78 vs TPE:9940: 0.91

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.

Sinyi Realty's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$3.903. 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$22.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sinyi Realty  (TPE:9940) 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.


Sinyi Realty Cyclically Adjusted PS Ratio Related Terms


Sinyi Realty Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sinyi Realty'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.

Sinyi Realty Cyclically Adjusted PS Ratio Chart

Sinyi Realty 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 1.94 1.37 1.48 1.37 1.05

Sinyi Realty 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 1.36 1.18 1.12 1.05 0.90

TPE:9940 vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Sinyi Realty'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.


Sinyi Realty Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


TPE:9940
77GF Score
Sinyi Realty Inc TPE:9940
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sinyi Realty 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.

Sinyi Realty's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=20.40/22.19
=0.92

* 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.

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

For example, Sinyi Realty'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)
=3.903/330.2130*330.2130
=3.903

Current CPI (Mar. 2026) = 330.2130.

Sinyi Realty Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.879 241.018 3.944
201609 2.746 241.428 3.756
201612 2.628 241.432 3.594
201703 2.368 243.801 3.207
201706 10.226 244.955 13.785
201709 7.117 246.819 9.522
201712 4.473 246.524 5.991
201803 3.341 249.554 4.421
201806 3.549 251.989 4.651
201809 3.286 252.439 4.298
201812 7.293 251.233 9.586
201903 4.255 254.202 5.527
201906 4.545 256.143 5.859
201909 3.928 256.759 5.052
201912 4.247 256.974 5.457
202003 2.969 258.115 3.798
202006 4.169 257.797 5.340
202009 4.978 260.280 6.316
202012 5.584 260.474 7.079
202103 4.912 264.877 6.124
202106 5.600 271.696 6.806
202109 7.254 274.310 8.732
202112 7.714 278.802 9.136
202203 5.127 287.504 5.889
202206 4.504 296.311 5.019
202209 4.046 296.808 4.501
202212 4.993 296.797 5.555
202303 5.869 301.836 6.421
202306 4.705 305.109 5.092
202309 4.030 307.789 4.324
202312 4.603 306.746 4.955
202403 4.257 312.332 4.501
202406 5.811 314.175 6.108
202409 4.013 315.301 4.203
202412 3.250 315.605 3.400
202503 3.001 319.799 3.099
202506 3.179 322.561 3.254
202509 3.190 324.800 3.243
202512 6.304 324.054 6.424
202603 3.903 330.213 3.903

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 0.92 mean?
Sinyi Realty (TPE:9940) has a Cyclically Adjusted PS Ratio of 0.92 as of Jul. 28, 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 Sinyi Realty and its competitors. This is 41% below median its historical median of 1.57. Over the past decade, Sinyi Realty's Cyclically Adjusted PS Ratio has ranged from 0.82 to 2.22. According to the industry distribution chart, Sinyi Realty ranks #446 out of 1358 companies in the Real Estate industry, placing it in the top 32.8%.
Is Sinyi Realty's Cyclically Adjusted PS Ratio too high?
Sinyi Realty's current Cyclically Adjusted PS Ratio of 0.92 is 41% below median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 2.22. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. Sinyi Realty's value of 0.92 is 48.3% below this industry median. Based on the distribution chart, Sinyi Realty ranks #446 out of 1358 companies in the Real Estate industry, which is above the industry midpoint. Overall, Sinyi Realty has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sinyi Realty's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Sinyi Realty ranks #446 out of 1358 companies for Cyclically Adjusted PS Ratio. This puts Sinyi Realty in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. Sinyi Realty's value of 0.92 is 48.3% below this benchmark. Historically, Sinyi Realty's own Cyclically Adjusted PS Ratio has ranged from 0.82 to 2.22 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 1.78, Sinyi Realty 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 1,358 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. Sinyi Realty's current Cyclically Adjusted PS Ratio of 0.92 is 48.3% 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 Sinyi Realty 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. Sinyi Realty's current Cyclically Adjusted PS Ratio is 0.92, which is 41% below median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinyi Realty stock overvalued right now?
Based on GuruFocus' analysis, Sinyi Realty (TPE:9940) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$25.97, compared to a current price of NT$20.40 — trading 21.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.92, which is 41% below median its 10-year median of 1.57 and 48.3% below the Real Estate industry median of 1.78. Sinyi Realty's overall GF Score™ is 77/100 with 11 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 Sinyi Realty (TPE:9940), the current Cyclically Adjusted PS Ratio is 0.92 as of Jul. 28, 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 Sinyi Realty (TPE:9940) Overvalued in 2026?

Based on GuruFocus' analysis, Sinyi Realty stock appears to be undervalued. The current stock price of NT$20.40 is trading 21.4% below its estimated GF Value™ of NT$25.97. GuruFocus considers Sinyi Realty to be Modestly Undervalued.

Key valuation signals for TPE:9940:

  • Cyclically Adjusted PS Ratio: 0.92 (41% below median its 10-year median of 1.57)
  • GF Value™: NT$25.97 vs. price of NT$20.40 (21.4% below fair value)
  • GF Score™: 77/100 with 11 warning signs
  • Industry Position: 48.3% below the Real Estate median (#446 of 1358)

No single metric tells the full story. See the TPE:9940 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sinyi Realty Business Description

Address No. 100, Section 5, Xinyi Road, Xinyi District, Taipei, TWN, 110
Sinyi Realty Inc is engaged in the operation of a full-service real estate brokerage business. The Company provides real estate brokerage and agency sale services and recognizes revenue from rendering of services related to real estate brokerage and agency sale business. It also conducts related activities through subsidiaries involved in real estate brokerage, real estate management, management consulting, development, construction, rental, and sale of residential buildings and factories.
77GF Score

Get the complete analysis for TPE:9940

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

NT$20.40
Price
NT$25.97
GF Value