Holtel Holiday Garden (TPE:2702) Cyclically Adjusted PB Ratio: 0.82 (As of Sep. 13, 2026) — 49% Below Median

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TPE:2702 Holtel Holiday Garden TPE:2702
77 GF Score
Price NT$12.70
GF Value NT$16.46
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Holtel Holiday Garden Cyclically Adjusted PB Ratio?

Holtel Holiday Garden TPE:2702 77 Cyclically Adjusted PB Ratio is 0.82 as of Sep. 13, 2026, which is 49% below its 10-year median of 1.62. GuruFocus rates TPE:2702 with a GF Score™ of 77/100 and a GF Value™ of NT$16.46 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 600 Travel & Leisure companies, Holtel Holiday Garden ranks better than 63.67% on this metric.

As of today (2026-09-13), Holtel Holiday Garden's current share price is NT$12.70. Holtel Holiday Garden's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$15.45. Holtel Holiday Garden's Cyclically Adjusted PB Ratio for today is 0.82.

The historical rank and industry rank for Holtel Holiday Garden's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:2702' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.62   Max: 2.91
Current: 0.82

During the past years, Holtel Holiday Garden's highest Cyclically Adjusted PB Ratio was 2.91. The lowest was 0.77. And the median was 1.62.

TPE:2702's Cyclically Adjusted PB Ratio is ranked better than
63.67% of 600 companies
in the Travel & Leisure industry
Industry Median: 1.14 vs TPE:2702: 0.82

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.

Holtel Holiday Garden's adjusted book value per share data for the three months ended in Jun. 2026 was NT$21.112. 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$15.45 for the trailing ten years ended in Jun. 2026.

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
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 0.96 0.85 0.83 0.83 0.81

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
77GF 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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.70/15.45
=0.82

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

For example, Holtel Holiday Garden'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)
=21.112/333.9520*333.9520
=21.112

Current CPI (Jun. 2026) = 333.9520.

Holtel Holiday Garden Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.512 241.428 10.391
201612 7.865 241.432 10.879
201703 7.240 243.801 9.917
201706 7.232 244.955 9.860
201709 7.224 246.819 9.774
201712 6.947 246.524 9.411
201803 7.914 249.554 10.590
201806 8.198 251.989 10.865
201809 8.159 252.439 10.794
201812 8.614 251.233 11.450
201903 8.678 254.202 11.401
201906 8.450 256.143 11.017
201909 8.625 256.759 11.218
201912 8.232 256.974 10.698
202003 8.266 258.115 10.695
202006 7.589 257.797 9.831
202009 7.169 260.280 9.198
202012 6.142 260.474 7.875
202103 5.899 264.877 7.437
202106 5.407 271.696 6.646
202109 5.165 274.310 6.288
202112 17.611 278.802 21.095
202203 17.192 287.504 19.969
202206 17.854 296.311 20.122
202209 18.879 296.808 21.242
202212 20.371 296.797 22.921
202303 19.844 301.836 21.955
202306 20.286 305.109 22.204
202309 21.215 307.789 23.018
202312 20.352 306.746 22.157
202403 21.057 312.332 22.515
202406 21.436 314.175 22.785
202409 20.994 315.301 22.236
202412 21.271 315.605 22.508
202503 21.607 319.799 22.563
202506 19.328 322.561 20.011
202509 20.014 324.800 20.578
202512 20.651 324.054 21.282
202603 21.059 330.213 21.297
202606 21.112 333.952 21.112

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.

What does a Cyclically Adjusted PB Ratio of 0.82 mean?
Holtel Holiday Garden (TPE:2702) has a Cyclically Adjusted PB Ratio of 0.82 as of Sep. 13, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Holtel Holiday Garden and its competitors. This is 49% below median its historical median of 1.62. Over the past decade, Holtel Holiday Garden's Cyclically Adjusted PB Ratio has ranged from 0.77 to 2.91. According to the industry distribution chart, Holtel Holiday Garden ranks #218 out of 600 companies in the Travel & Leisure industry, placing it in the top 36.3%.
Is Holtel Holiday Garden's Cyclically Adjusted PB Ratio too high?
Holtel Holiday Garden's current Cyclically Adjusted PB Ratio of 0.82 is 49% below median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 2.91. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.14. Holtel Holiday Garden's value of 0.82 is 28.1% below this industry median. Based on the distribution chart, Holtel Holiday Garden ranks #218 out of 600 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Holtel Holiday Garden has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Holtel Holiday Garden's Cyclically Adjusted PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Holtel Holiday Garden ranks #218 out of 600 companies for Cyclically Adjusted PB Ratio. This puts Holtel Holiday Garden in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Holtel Holiday Garden's value of 0.82 is 28.1% below this benchmark. Historically, Holtel Holiday Garden's own Cyclically Adjusted PB Ratio has ranged from 0.77 to 2.91 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 1.14, Holtel Holiday Garden has consistently been below 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 Cyclically Adjusted PB Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.14, based on 600 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Holtel Holiday Garden's current Cyclically Adjusted PB Ratio of 0.82 is 28.1% below 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 Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Holtel Holiday Garden and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Holtel Holiday Garden's current Cyclically Adjusted PB Ratio is 0.82, which is 49% below median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Holtel Holiday Garden stock overvalued right now?
Based on GuruFocus' analysis, Holtel Holiday Garden (TPE:2702) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$16.46, compared to a current price of NT$12.70 — trading 22.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.82, which is 49% below median its 10-year median of 1.62 and 28.1% below the Travel & Leisure industry median of 1.14. Holtel Holiday Garden's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Holtel Holiday Garden (TPE:2702), the current Cyclically Adjusted PB Ratio is 0.82 as of Sep. 13, 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 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$12.70 is trading 22.8% below its estimated GF Value™ of NT$16.46. GuruFocus considers Holtel Holiday Garden to be Modestly Undervalued.

Key valuation signals for TPE:2702:

  • Cyclically Adjusted PB Ratio: 0.82 (49% below median its 10-year median of 1.62)
  • GF Value™: NT$16.46 vs. price of NT$12.70 (22.8% below fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 28.1% below the Travel & Leisure median (#218 of 600)

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.
77GF 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$12.70
Price
NT$16.46
GF Value