Holiday Entertainment Co (TPE:9943) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.
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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:9943 Holiday Entertainment Co Ltd TPE:9943
89 GF Score
Price NT$50.40
GF Value NT$69.05
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Holiday Entertainment Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Holiday Entertainment Co  (TPE:9943) 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.


Holiday Entertainment Co Cyclically Adjusted PB Ratio Related Terms


Holiday Entertainment Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Holiday Entertainment Co'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.

Holiday Entertainment Co Cyclically Adjusted PB Ratio Chart

Holiday Entertainment Co 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 2.14 1.77 2.50 2.14 1.64

Holiday Entertainment Co 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 2.13 1.79 1.66 1.55 1.54

TPE:9943 vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, Holiday Entertainment Co'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.


Holiday Entertainment Co Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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


TPE:9943
89GF Score
Holiday Entertainment Co Ltd TPE:9943
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Holiday Entertainment Co 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.

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

For example, Holiday Entertainment Co'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)
=29.733/333.9520*333.9520
=29.733

Current CPI (Jun. 2026) = 333.9520.

Holiday Entertainment Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 29.217 241.428 40.414
201612 30.114 241.432 41.654
201703 31.536 243.801 43.197
201706 28.031 244.955 38.215
201709 29.498 246.819 39.911
201712 30.786 246.524 41.704
201803 32.839 249.554 43.945
201806 29.924 251.989 39.657
201809 31.489 252.439 41.657
201812 33.014 251.233 43.884
201903 35.688 254.202 46.884
201906 30.956 256.143 40.360
201909 32.302 256.759 42.013
201912 33.387 256.974 43.388
202003 35.053 258.115 45.352
202006 29.886 257.797 38.715
202009 31.235 260.280 40.076
202012 32.635 260.474 41.841
202103 34.156 264.877 43.063
202106 33.352 271.696 40.994
202109 26.633 274.310 32.424
202112 28.243 278.802 33.830
202203 29.491 287.504 34.255
202206 28.604 296.311 32.238
202209 28.226 296.808 31.758
202212 29.653 296.797 33.365
202303 28.295 301.836 31.306
202306 29.882 305.109 32.707
202309 31.519 307.789 34.198
202312 32.570 306.746 35.459
202403 29.179 312.332 31.199
202406 30.348 314.175 32.258
202409 31.255 315.301 33.104
202412 32.750 315.605 34.654
202503 29.300 319.799 30.597
202506 29.217 322.561 30.249
202509 29.984 324.800 30.829
202512 31.569 324.054 32.533
202603 29.332 330.213 29.664
202606 29.733 333.952 29.733

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 Holiday Entertainment Co (TPE:9943) Overvalued in 2026?

Based on GuruFocus' analysis, Holiday Entertainment Co stock appears to be undervalued. The current stock price of NT$50.40 is trading 27% below its estimated GF Value™ of NT$69.05. GuruFocus considers Holiday Entertainment Co to be Modestly Undervalued.

Key valuation signals for TPE:9943:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$69.05 vs. price of NT$50.40 (27% below fair value)
  • GF Score™: 89/100 with 1 warning sign

No single metric tells the full story. See the TPE:9943 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Holiday Entertainment Co Business Description

Address Section 5, Zhongxiao East Road, 4th Floor, No. 293, Xinyi District, Taipei, TWN, 293
Holiday Entertainment Co Ltd is mainly engaged in providing audio-visual and singing equipment, along with operating audiovisual and karaoke facilities and related restaurants. The company is involved in the trading of audio-visual equipment and supplies, as well as publishing audio tapes and records, and conducting performing arts activities. In addition, it undertakes advertising operations. The business operates through two reportable segments: Audiovisual and Singing Equipment, and Copy and Royalty Business, with the majority of its revenue generated from the Audiovisual and Singing Equipment segment.
89GF Score

Get the complete analysis for TPE:9943

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

NT$50.40
Price
NT$69.05
GF Value