Shin Ruenn Development Co (ROCO:6186) Cyclically Adjusted Revenue per Share: NT$28.16 (As of Mar. 2026)

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.

ROCO:6186 Shin Ruenn Development Co Ltd ROCO:6186
68 GF Score
Price NT$35.40
GF Value NT$89.48
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Shin Ruenn Development Co Cyclically Adjusted Revenue per Share?

Shin Ruenn Development Co ROCO:6186 -1.53% 68 Cyclically Adjusted Revenue per Share is NT$28.16 as of Mar. 2026. GuruFocus rates ROCO:6186 with a GF Score™ of 68/100 and a GF Value™ of NT$89.48 (Significantly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Shin Ruenn Development Co's adjusted revenue per share for the three months ended in Mar. 2026 was NT$17.039. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is NT$28.16 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Shin Ruenn Development Co's average Cyclically Adjusted Revenue Growth Rate was 17.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Shin Ruenn Development Co was 15.70% per year. The lowest was 6.30% per year. And the median was 7.85% per year.

As of today (2026-08-11), Shin Ruenn Development Co's current stock price is NT$35.40. Shin Ruenn Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$28.16. Shin Ruenn Development Co's Cyclically Adjusted PS Ratio of today is 1.26.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Shin Ruenn Development Co was 4.40. The lowest was 0.97. And the median was 1.53.


Shin Ruenn Development Co  (ROCO:6186) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Shin Ruenn Development Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=35.40/28.16
=1.26

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Shin Ruenn Development Co was 4.40. The lowest was 0.97. And the median was 1.53.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Shin Ruenn Development Co Cyclically Adjusted Revenue per Share Related Terms


Shin Ruenn Development Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Shin Ruenn Development Co's Cyclically Adjusted Revenue per Share 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.

Shin Ruenn Development Co Cyclically Adjusted Revenue per Share Chart

Shin Ruenn Development Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.18 21.23 19.83 23.01 26.26

Shin Ruenn Development 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 Revenue per Share 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 23.99 25.94 27.75 26.26 28.16

Shin Ruenn Development Co Cyclically Adjusted Revenue per Share Competitor Comparison

For the Real Estate - Development subindustry, Shin Ruenn 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.


Shin Ruenn Development Co Cyclically Adjusted PS Ratio vs Real Estate Industry

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

* The bar in red indicates where Shin Ruenn Development Co's Cyclically Adjusted PS Ratio falls into.


ROCO:6186
68GF Score
Shin Ruenn Development Co Ltd ROCO:6186
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shin Ruenn Development Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Shin Ruenn Development 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)
=17.039/330.2130*330.2130
=17.039

Current CPI (Mar. 2026) = 330.2130.

Shin Ruenn Development Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.001 241.018 2.742
201609 11.128 241.428 15.220
201612 6.183 241.432 8.457
201703 2.887 243.801 3.910
201706 2.188 244.955 2.950
201709 0.985 246.819 1.318
201712 5.104 246.524 6.837
201803 1.263 249.554 1.671
201806 0.746 251.989 0.978
201809 2.417 252.439 3.162
201812 5.472 251.233 7.192
201903 1.057 254.202 1.373
201906 1.258 256.143 1.622
201909 0.289 256.759 0.372
201912 17.686 256.974 22.727
202003 8.035 258.115 10.279
202006 1.955 257.797 2.504
202009 0.608 260.280 0.771
202012 8.563 260.474 10.856
202103 10.905 264.877 13.595
202106 10.875 271.696 13.217
202109 0.426 274.310 0.513
202112 0.019 278.802 0.023
202203 0.008 287.504 0.009
202206 0.006 296.311 0.007
202209 0.094 296.808 0.105
202212 12.388 296.797 13.783
202303 1.594 301.836 1.744
202306 1.088 305.109 1.178
202309 2.645 307.789 2.838
202312 13.312 306.746 14.330
202403 4.954 312.332 5.238
202406 12.066 314.175 12.682
202409 6.750 315.301 7.069
202412 22.807 315.605 23.863
202503 11.484 319.799 11.858
202506 18.764 322.561 19.209
202509 16.439 324.800 16.713
202512 1.604 324.054 1.634
202603 17.039 330.213 17.039

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of NT$28.16 mean?
Shin Ruenn Development Co (ROCO:6186) has a Cyclically Adjusted Revenue per Share of NT$28.16 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Shin Ruenn Development Co and its competitors.
Is Shin Ruenn Development Co's Cyclically Adjusted Revenue per Share too high?
Shin Ruenn Development Co's current Cyclically Adjusted Revenue per Share is NT$28.16. Overall, Shin Ruenn Development Co has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin Ruenn Development Co's Cyclically Adjusted Revenue per Share compare to competitors?
Shin Ruenn Development Co's Cyclically Adjusted Revenue per Share of NT$28.16 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Real Estate company?
A good Cyclically Adjusted Revenue per Share depends on the Real Estate industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Shin Ruenn Development Co and its competitors. Shin Ruenn Development Co's current Cyclically Adjusted Revenue per Share is NT$28.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Ruenn Development Co stock overvalued right now?
Based on GuruFocus' analysis, Shin Ruenn Development Co (ROCO:6186) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$89.48, compared to a current price of NT$35.40 — trading 60.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$28.16. Shin Ruenn Development Co's overall GF Score™ is 68/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Shin Ruenn Development Co (ROCO:6186), the current Cyclically Adjusted Revenue per Share is NT$28.16 as of Mar. 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 Shin Ruenn Development Co (ROCO:6186) Overvalued in 2026?

Based on GuruFocus' analysis, Shin Ruenn Development Co stock appears to be undervalued. The current stock price of NT$35.40 is trading 60.4% below its estimated GF Value™ of NT$89.48. GuruFocus considers Shin Ruenn Development Co to be Significantly Undervalued.

Key valuation signals for ROCO:6186:

  • Cyclically Adjusted Revenue per Share: NT$28.16
  • GF Value™: NT$89.48 vs. price of NT$35.40 (60.4% below fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the ROCO:6186 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin Ruenn Development Co Business Description

Address No. 109, Section 3, Minsheng East Road, 8th Floor, Songshan District, Taiepi, TWN, 105
Shin Ruenn Development Co Ltd is engaged in the housing and building development and rental, real estate business, and real estate leasing.
68GF Score

Get the complete analysis for ROCO:6186

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

NT$35.40
Price
NT$89.48
GF Value