Holtel Holiday Garden (TPE:2702) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:2702 Holtel Holiday Garden TPE:2702
75 GF Score
Price NT$12.45
GF Value NT$16.73
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Holtel Holiday Garden Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Holtel Holiday Garden  (TPE:2702) 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.


Holtel Holiday Garden Cyclically Adjusted PB Ratio Related Terms


Holtel Holiday Garden Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Holtel Holiday Garden'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.

Holtel Holiday Garden Cyclically Adjusted PB Ratio Chart

Holtel Holiday Garden 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 2.13 2.15 1.85 1.24 0.83

Holtel Holiday Garden Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.10 0.96 0.85 0.83 0.83

TPE:2702 vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Holtel Holiday Garden'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.


Holtel Holiday Garden Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Holtel Holiday Garden's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Holtel Holiday Garden's Cyclically Adjusted PB Ratio falls into.


TPE:2702
75GF Score
Holtel Holiday Garden TPE:2702
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Holtel Holiday Garden 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.

Holtel Holiday Garden's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Holtel Holiday Garden'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)
=20.794/330.2130*330.2130
=20.794

Current CPI (Mar. 2026) = 330.2130.

Holtel Holiday Garden Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.780 241.018 10.659
201609 7.512 241.428 10.275
201612 7.865 241.432 10.757
201703 7.240 243.801 9.806
201706 7.232 244.955 9.749
201709 7.224 246.819 9.665
201712 6.947 246.524 9.305
201803 7.914 249.554 10.472
201806 8.198 251.989 10.743
201809 8.159 252.439 10.673
201812 8.614 251.233 11.322
201903 8.678 254.202 11.273
201906 8.450 256.143 10.894
201909 8.625 256.759 11.092
201912 8.232 256.974 10.578
202003 8.266 258.115 10.575
202006 7.589 257.797 9.721
202009 7.169 260.280 9.095
202012 6.142 260.474 7.786
202103 5.899 264.877 7.354
202106 5.407 271.696 6.572
202109 5.165 274.310 6.218
202112 17.611 278.802 20.858
202203 17.192 287.504 19.746
202206 17.854 296.311 19.897
202209 18.879 296.808 21.004
202212 20.371 296.797 22.665
202303 19.844 301.836 21.710
202306 20.286 305.109 21.955
202309 21.215 307.789 22.761
202312 20.352 306.746 21.909
202403 21.057 312.332 22.263
202406 21.436 314.175 22.530
202409 20.994 315.301 21.987
202412 21.271 315.605 22.256
202503 21.607 319.799 22.311
202506 19.328 322.561 19.787
202509 20.014 324.800 20.348
202512 20.651 324.054 21.043
202603 20.794 330.213 20.794

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 Holtel Holiday Garden (TPE:2702) Overvalued in 2026?

Based on GuruFocus' analysis, Holtel Holiday Garden stock appears to be undervalued. The current stock price of NT$12.45 is trading 25.6% below its estimated GF Value™ of NT$16.73. GuruFocus considers Holtel Holiday Garden to be Modestly Undervalued.

Key valuation signals for TPE:2702:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$16.73 vs. price of NT$12.45 (25.6% below fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the TPE:2702 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Holtel Holiday Garden Business Description

Address No. 6, Siwei 3rd Road, Room B, 23rd Floor - 2, Lingya District, Kaohsiung City, TWN, 802701
Holtel Holiday Garden is engaged in hotel operations, restaurant services, and the retail of food, general merchandise, and beverages. The Group operates through two reportable segments: the Taiwan segment and the U.S. segment, with the Taiwan segment generating the majority of revenue. The Taiwan segment is mainly engaged in tourism-related operations, including travel services and restaurant operations, while the U.S. segment focuses on tourism-related hotel operations.
75GF Score

Get the complete analysis for TPE:2702

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

NT$12.45
Price
NT$16.73
GF Value