Hoya Resort Hotel Group (ROCO:2736) Cyclically Adjusted PB Ratio: (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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ROCO:2736 Hoya Resort Hotel Group ROCO:2736
54 GF Score
Price NT$12.10
GF Value NT$15.90
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Hoya Resort Hotel Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoya Resort Hotel Group  (ROCO:2736) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Hoya Resort Hotel Group Cyclically Adjusted PB Ratio Related Terms


Hoya Resort Hotel Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hoya Resort Hotel Group's Cyclically Adjusted 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.

Hoya Resort Hotel Group Cyclically Adjusted PB Ratio Chart

Hoya Resort Hotel Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.79 1.01 0.72 0.52

Hoya Resort Hotel Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted 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 0.61 0.54 0.52 0.45 0.00

ROCO:2736 vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Hoya Resort Hotel Group'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.


Hoya Resort Hotel Group Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Hoya Resort Hotel Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hoya Resort Hotel Group's Cyclically Adjusted PB Ratio falls into.


ROCO:2736
54GF Score
Hoya Resort Hotel Group ROCO:2736
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoya Resort Hotel Group Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Hoya Resort Hotel Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hoya Resort Hotel Group's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=16.949/333.9520*333.9520
=16.949

Current CPI (Jun. 2026) = 333.9520.

Hoya Resort Hotel Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.709 241.428 35.562
201612 25.564 241.432 35.360
201703 25.971 243.801 35.574
201706 25.346 244.955 34.555
201709 25.248 246.819 34.161
201712 25.076 246.524 33.969
201803 24.978 249.554 33.425
201806 24.812 251.989 32.882
201809 24.507 252.439 32.420
201812 24.616 251.233 32.721
201903 24.649 254.202 32.382
201906 24.133 256.143 31.464
201909 23.949 256.759 31.149
201912 24.091 256.974 31.308
202003 23.901 258.115 30.923
202006 23.033 257.797 29.837
202009 23.927 260.280 30.700
202012 24.256 260.474 31.098
202103 24.287 264.877 30.621
202106 23.166 271.696 28.474
202109 21.440 274.310 26.102
202112 22.213 278.802 26.607
202203 22.797 287.504 26.480
202206 22.118 296.311 24.928
202209 22.380 296.808 25.181
202212 22.325 296.797 25.120
202303 23.036 301.836 25.487
202306 22.886 305.109 25.049
202309 22.537 307.789 24.453
202312 21.944 306.746 23.890
202403 21.961 312.332 23.481
202406 21.582 314.175 22.941
202409 20.592 315.301 21.810
202412 20.971 315.605 22.190
202503 20.862 319.799 21.785
202506 18.530 322.561 19.184
202509 17.814 324.800 18.316
202512 17.684 324.054 18.224
202603 17.627 330.213 17.827
202606 16.949 333.952 16.949

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

Is Hoya Resort Hotel Group (ROCO:2736) Overvalued in 2026?

Based on GuruFocus' analysis, Hoya Resort Hotel Group stock appears to be undervalued. The current stock price of NT$12.10 is trading 23.9% below its estimated GF Value™ of NT$15.90. GuruFocus considers Hoya Resort Hotel Group to be Modestly Undervalued.

Key valuation signals for ROCO:2736:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$15.90 vs. price of NT$12.10 (23.9% below fair value)
  • GF Score™: 54/100 with 6 warning signs

No single metric tells the full story. See the ROCO:2736 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hoya Resort Hotel Group Business Description

Address No. 38, Fuxing Road, 6th Floor, Taitung, TWN, 954
Hoya Resort Hotel Group operates hotels and resorts in Taiwan. Some of the Hotels of the company include Hoya Hot Springs Resort & Spa, Goya Hot Springs Hotel & Spa, Hoya Resort Hotel Wuling, Hoya Resort Hotel Hualien and Hoya Resort Hotel Taitung.
54GF Score

Get the complete analysis for ROCO:2736

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

NT$12.10
Price
NT$15.90
GF Value