HUNG SHENG Construction Co (TPE:2534) Cyclically Adjusted Revenue per Share: NT$11.53 (As of Dec. 2025)

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:2534 HUNG SHENG Construction Co Ltd TPE:2534
72 GF Score
Price NT$17.40
GF Value NT$18.22
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is HUNG SHENG Construction Co Cyclically Adjusted Revenue per Share?

HUNG SHENG Construction Co TPE:2534 +0.87% 72 Cyclically Adjusted Revenue per Share is NT$11.53 as of Dec. 2025. GuruFocus rates TPE:2534 with a GF Score™ of 72/100 and a GF Value™ of NT$18.22 (Fairly Valued). The stock has 7 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.

HUNG SHENG Construction Co's adjusted revenue per share for the three months ended in Dec. 2025 was NT$0.750. 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$11.53 for the trailing ten years ended in Dec. 2025.

During the past 12 months, HUNG SHENG Construction Co's average Cyclically Adjusted Revenue Growth Rate was 7.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.80% 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 HUNG SHENG Construction Co was 16.30% per year. The lowest was 6.20% per year. And the median was 11.70% per year.

As of today (2026-07-27), HUNG SHENG Construction Co's current stock price is NT$17.40. HUNG SHENG Construction Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$11.53. HUNG SHENG Construction Co's Cyclically Adjusted PS Ratio of today is 1.51.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of HUNG SHENG Construction Co was 7.62. The lowest was 1.43. And the median was 2.80.


HUNG SHENG Construction Co  (TPE:2534) 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.

HUNG SHENG Construction Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=17.40/11.53
=1.51

* 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 HUNG SHENG Construction Co was 7.62. The lowest was 1.43. And the median was 2.80.


Be Aware

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


HUNG SHENG Construction Co Cyclically Adjusted Revenue per Share Related Terms


HUNG SHENG Construction Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for HUNG SHENG Construction 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.

HUNG SHENG Construction Co Cyclically Adjusted Revenue per Share Chart

HUNG SHENG Construction 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 7.67 9.62 10.24 10.69 11.53

HUNG SHENG Construction Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 10.69 11.16 11.44 11.57 11.53

HUNG SHENG Construction Co Cyclically Adjusted Revenue per Share Competitor Comparison

For the Real Estate - Development subindustry, HUNG SHENG 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.


HUNG SHENG Construction Co Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


TPE:2534
72GF Score
HUNG SHENG Construction Co Ltd TPE:2534
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HUNG SHENG Construction 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, HUNG SHENG Construction Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.75/324.0540*324.0540
=0.750

Current CPI (Dec. 2025) = 324.0540.

HUNG SHENG Construction Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.451 238.132 0.614
201606 2.198 241.018 2.955
201609 0.811 241.428 1.089
201612 3.622 241.432 4.862
201703 4.563 243.801 6.065
201706 3.334 244.955 4.411
201709 1.325 246.819 1.740
201712 4.984 246.524 6.551
201803 7.692 249.554 9.988
201806 5.342 251.989 6.870
201809 1.985 252.439 2.548
201812 1.900 251.233 2.451
201903 1.875 254.202 2.390
201906 2.768 256.143 3.502
201909 3.327 256.759 4.199
201912 1.136 256.974 1.433
202003 1.157 258.115 1.453
202006 0.681 257.797 0.856
202009 1.729 260.280 2.153
202012 2.356 260.474 2.931
202103 1.877 264.877 2.296
202106 1.736 271.696 2.071
202109 2.209 274.310 2.610
202112 2.394 278.802 2.783
202203 2.635 287.504 2.970
202206 2.089 296.311 2.285
202209 2.114 296.808 2.308
202212 7.887 296.797 8.611
202303 2.588 301.836 2.779
202306 0.807 305.109 0.857
202309 1.061 307.789 1.117
202312 0.923 306.746 0.975
202403 0.767 312.332 0.796
202406 0.614 314.175 0.633
202409 0.593 315.301 0.609
202412 2.402 315.605 2.466
202503 3.877 319.799 3.929
202506 4.780 322.561 4.802
202509 0.602 324.800 0.601
202512 0.750 324.054 0.750

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$11.53 mean?
HUNG SHENG Construction Co (TPE:2534) has a Cyclically Adjusted Revenue per Share of NT$11.53 as of Dec. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on HUNG SHENG Construction Co and its competitors.
Is HUNG SHENG Construction Co's Cyclically Adjusted Revenue per Share too high?
HUNG SHENG Construction Co's current Cyclically Adjusted Revenue per Share is NT$11.53. Overall, HUNG SHENG Construction Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HUNG SHENG Construction Co's Cyclically Adjusted Revenue per Share compare to competitors?
HUNG SHENG Construction Co's Cyclically Adjusted Revenue per Share of NT$11.53 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 HUNG SHENG Construction Co and its competitors. HUNG SHENG Construction Co's current Cyclically Adjusted Revenue per Share is NT$11.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HUNG SHENG Construction Co stock overvalued right now?
Based on GuruFocus' analysis, HUNG SHENG Construction Co (TPE:2534) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.22, compared to a current price of NT$17.40 — trading 4.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$11.53. HUNG SHENG Construction Co's overall GF Score™ is 72/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For HUNG SHENG Construction Co (TPE:2534), the current Cyclically Adjusted Revenue per Share is NT$11.53 as of Dec. 2025. 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 HUNG SHENG Construction Co (TPE:2534) Overvalued in 2026?

Based on GuruFocus' analysis, HUNG SHENG Construction Co stock appears to be undervalued. The current stock price of NT$17.40 is trading 4.5% below its estimated GF Value™ of NT$18.22. GuruFocus considers HUNG SHENG Construction Co to be Fairly Valued.

Key valuation signals for TPE:2534:

  • Cyclically Adjusted Revenue per Share: NT$11.53
  • GF Value™: NT$18.22 vs. price of NT$17.40 (4.5% below fair value)
  • GF Score™: 72/100 with 7 warning signs

No single metric tells the full story. See the TPE:2534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HUNG SHENG Construction Co Business Description

Address No. 168, Dunhua North Road, 14th Floor, Songshan District, Taipei, TWN
HUNG SHENG Construction Co Ltd engages in the commission of contractors to build public housing for sale and rental. The reportable segments of the consolidated company are as follows: Sale of real estate - Sales of residences and commercial buildings. Construction - Building of residences and commercial buildings. and Lease - Lease of investment property.
72GF Score

Get the complete analysis for TPE:2534

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

NT$17.40
Price
NT$18.22
GF Value