Continental Holdings (TPE:3703) Cyclically Adjusted Book per Share: NT$35.34 (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.

TPE:3703 Continental Holdings Corp TPE:3703
76 GF Score
Price NT$20.80
GF Value NT$31.08
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Continental Holdings Cyclically Adjusted Book per Share?

Continental Holdings TPE:3703 +0.97% 76 Cyclically Adjusted Book per Share is NT$35.34 as of Mar. 2026. GuruFocus rates TPE:3703 with a GF Score™ of 76/100 and a GF Value™ of NT$31.08 (Possible Value Trap). The stock has 6 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Continental Holdings's adjusted book value per share for the three months ended in Mar. 2026 was NT$33.170. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is NT$35.34 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Continental Holdings's average Cyclically Adjusted Book Growth Rate was 3.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.00% 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 Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Continental Holdings was 7.70% per year. The lowest was 4.00% per year. And the median was 6.60% per year.

As of today (2026-07-26), Continental Holdings's current stock price is NT$20.80. Continental Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$35.34. Continental Holdings's Cyclically Adjusted PB Ratio of today is 0.59.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Continental Holdings was 1.20. The lowest was 0.38. And the median was 0.85.


Continental Holdings  (TPE:3703) Cyclically Adjusted Book per Share Explanation

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

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB 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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Continental Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.80/35.34
=0.59

* 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 PB Ratio of Continental Holdings was 1.20. The lowest was 0.38. And the median was 0.85.


Be Aware

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


Continental Holdings Cyclically Adjusted Book per Share Related Terms


Continental Holdings Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Continental Holdings's Cyclically Adjusted Book 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.

Continental Holdings Cyclically Adjusted Book per Share Chart

Continental Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.36 30.88 32.35 33.83 34.75

Continental Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book 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 34.32 34.59 34.83 34.75 35.34

TPE:3703 vs PWR, FIX, EME: Cyclically Adjusted Book per Share Comparison

For the Engineering & Construction subindustry, Continental Holdings's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


Continental Holdings Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Continental Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Continental Holdings's Cyclically Adjusted PB Ratio falls into.


TPE:3703
76GF Score
Continental Holdings Corp TPE:3703
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Continental Holdings Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

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

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value 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 Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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, Continental Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=33.17/330.2130*330.2130
=33.170

Current CPI (Mar. 2026) = 330.2130.

Continental Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 24.942 241.018 34.172
201609 26.003 241.428 35.566
201612 26.797 241.432 36.651
201703 27.044 243.801 36.629
201706 27.101 244.955 36.534
201709 27.083 246.819 36.234
201712 26.875 246.524 35.998
201803 27.312 249.554 36.140
201806 27.291 251.989 35.763
201809 28.439 252.439 37.201
201812 28.732 251.233 37.764
201903 29.519 254.202 38.346
201906 28.823 256.143 37.158
201909 28.204 256.759 36.273
201912 27.465 256.974 35.293
202003 27.720 258.115 35.463
202006 27.844 257.797 35.665
202009 28.393 260.280 36.022
202012 28.838 260.474 36.559
202103 28.482 264.877 35.508
202106 29.056 271.696 35.314
202109 28.675 274.310 34.519
202112 29.851 278.802 35.356
202203 30.010 287.504 34.468
202206 31.235 296.311 34.809
202209 31.838 296.808 35.421
202212 31.976 296.797 35.576
202303 29.833 301.836 32.638
202306 31.008 305.109 33.559
202309 31.885 307.789 34.208
202312 33.226 306.746 35.768
202403 32.667 312.332 34.537
202406 33.977 314.175 35.711
202409 33.852 315.301 35.453
202412 33.083 315.605 34.614
202503 32.120 319.799 33.166
202506 31.688 322.561 32.440
202509 32.750 324.800 33.296
202512 33.813 324.054 34.456
202603 33.170 330.213 33.170

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of NT$35.34 mean?
Continental Holdings (TPE:3703) has a Cyclically Adjusted Book per Share of NT$35.34 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Continental Holdings and its competitors.
Is Continental Holdings' Cyclically Adjusted Book per Share too high?
Continental Holdings' current Cyclically Adjusted Book per Share is NT$35.34. Overall, Continental Holdings has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Continental Holdings' Cyclically Adjusted Book per Share compare to PWR and FIX?
Continental Holdings' Cyclically Adjusted Book per Share of NT$35.34 can be compared against companies in the Construction 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 Book per Share for a Construction company?
A good Cyclically Adjusted Book per Share depends on the Construction industry context. However, Cyclically Adjusted Book 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 Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Continental Holdings and its competitors. Continental Holdings's current Cyclically Adjusted Book per Share is NT$35.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Continental Holdings stock overvalued right now?
Based on GuruFocus' analysis, Continental Holdings (TPE:3703) is currently considered Possible Value Trap. The stock's GF Value™ is NT$31.08, compared to a current price of NT$20.80 — trading 33.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$35.34. Continental Holdings' overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Continental Holdings (TPE:3703), the current Cyclically Adjusted Book per Share is NT$35.34 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 Continental Holdings (TPE:3703) Overvalued in 2026?

Based on GuruFocus' analysis, Continental Holdings stock appears to be undervalued. The current stock price of NT$20.80 is trading 33.1% below its estimated GF Value™ of NT$31.08. GuruFocus considers Continental Holdings to be Possible Value Trap.

Key valuation signals for TPE:3703:

  • Cyclically Adjusted Book per Share: NT$35.34
  • GF Value™: NT$31.08 vs. price of NT$20.80 (33.1% below fair value)
  • GF Score™: 76/100 with 6 warning signs

No single metric tells the full story. See the TPE:3703 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Continental Holdings Business Description

Address No. 95, Dun-Hua South Road, Section 2, 23rd Floor, Da\'an District, Taipei, TWN, 106
Continental Holdings Corp has an investment portfolio covers three business sectors: Construction Engineering, Real Estate Development, and Environmental Project Development & Water Treatment businesses. Its segments include Construction Engineering: civil construction and building construction; Real Estate Development: real estate development and lease; Environmental Project Development & Water Treatment: expertise in processing sewage, industrial wastewater, solid waste, etc; Investment: to supervise and monitor each operating segment's operation, and control and allocate each operating segment's operating resources. The majority of the revenue is derived from the Construction Engineering segment.
76GF Score

Get the complete analysis for TPE:3703

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

NT$20.80
Price
NT$31.08
GF Value