Sinyi Realty (TPE:9940) PB Ratio: 1.14 (As of Jul. 19, 2026) — 42% Below Median

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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.
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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$19.95
GF Value NT$24.04
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Sinyi Realty PB Ratio?

Sinyi Realty TPE:9940 -1.72% 77 PB Ratio is 1.14 as of Jul. 19, 2026, which is 42% below its 10-year median of 1.97. GuruFocus rates TPE:9940 with a GF Score™ of 77/100 and a GF Value™ of NT$24.04 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,716 Real Estate companies, Sinyi Realty ranks worse than 64.86% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-19), Sinyi Realty's share price is NT$19.95. Sinyi Realty's Book Value per Share for the quarter that ended in Dec. 2025 was NT$17.52. Hence, Sinyi Realty's PB Ratio of today is 1.14.

Good Sign:

Sinyi Realty Inc stock PB Ratio (=1.14) is close to 10-year low of 1.04.

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

TPE:9940' s PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 1.97   Max: 2.6
Current: 1.14

During the past 13 years, Sinyi Realty's highest PB Ratio was 2.60. The lowest was 1.04. And the median was 1.97.

TPE:9940's PB Ratio is ranked worse than
64.86% of 1716 companies
in the Real Estate industry
Industry Median: 0.815 vs TPE:9940: 1.14

During the past 12 months, Sinyi Realty's average Book Value Per Share Growth Rate was -6.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 3.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 3.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sinyi Realty was 16.80% per year. The lowest was -0.80% per year. And the median was 6.00% per year.

Back to Basics: PB Ratio


Sinyi Realty  (TPE:9940) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Sinyi Realty PB Ratio Related Terms


Sinyi Realty PB Ratio Historical Data

* Premium members only.

The historical data trend for Sinyi Realty's PB 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 PB Ratio Chart

Sinyi Realty Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.08 1.68 1.78 1.53 1.30

Sinyi Realty Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
PB 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 1.53 1.50 1.60 1.46 1.30

TPE:9940 vs CBRE, BEKE, JLL: PB Ratio Comparison

For the Real Estate Services subindustry, Sinyi Realty's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Sinyi Realty's PB Ratio falls into.


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

Sinyi Realty PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Sinyi Realty's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=19.95/17.523
=1.14

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.14 mean?
Sinyi Realty (TPE:9940) has a PB Ratio of 1.14 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sinyi Realty and its competitors. This is 42% below median its historical median of 1.97. Over the past decade, Sinyi Realty's PB Ratio has ranged from 1.04 to 2.60. According to the industry distribution chart, Sinyi Realty ranks #1113 out of 1716 companies in the Real Estate industry, placing it in the top 64.9%.
Is Sinyi Realty's PB Ratio too high?
Sinyi Realty's current PB Ratio of 1.14 is 42% below median its 10-year median of 1.97. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 2.60. The Real Estate industry median PB Ratio is 0.82. Sinyi Realty's value of 1.14 is 39.9% above this industry median. Based on the distribution chart, Sinyi Realty ranks #1113 out of 1716 companies in the Real Estate industry, which is below 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 PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Sinyi Realty ranks #1113 out of 1716 companies for PB Ratio. This places Sinyi Realty in the lower half of its industry. The industry median PB Ratio is 0.82. Sinyi Realty's value of 1.14 is 39.9% above this benchmark. Historically, Sinyi Realty's own PB Ratio has ranged from 1.04 to 2.60 over the past decade. While the company's 10-year median is 1.97 vs. the industry median of 0.82, Sinyi Realty 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 PB Ratio for a Real Estate company?
The median PB Ratio among Real Estate companies is 0.82, based on 1,716 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sinyi Realty's current PB Ratio of 1.14 is 39.9% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sinyi Realty and its competitors. For the Real Estate industry, the median PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sinyi Realty's current PB Ratio is 1.14, which is 42% below median its own 10-year median of 1.97. 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$24.04, compared to a current price of NT$19.95 — trading 17% below its estimated fair value. The current PB Ratio is 1.14, which is 42% below median its 10-year median of 1.97 and 39.9% above the Real Estate industry median of 0.82. Sinyi Realty's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Sinyi Realty (TPE:9940), the current PB Ratio is 1.14 as of Jul. 19, 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$19.95 is trading 17% below its estimated GF Value™ of NT$24.04. GuruFocus considers Sinyi Realty to be Modestly Undervalued.

Key valuation signals for TPE:9940:

  • PB Ratio: 1.14 (42% below median its 10-year median of 1.97)
  • GF Value™: NT$24.04 vs. price of NT$19.95 (17% below fair value)
  • GF Score™: 77/100 with 9 warning signs
  • Industry Position: 39.9% above the Real Estate median (#1113 of 1716)

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

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

NT$19.95
Price
NT$24.04
GF Value