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First Hotel CoTPE:2706 +0.80%87 Cyclically Adjusted PS Ratio is 16.15 as of Sep. 01, 2026, which is 14% below its 10-year median of 18.72. GuruFocus rates TPE:2706 with a GF Score™ of 87/100 and a GF Value™ of NT$15.78 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,364 Real Estate companies, First Hotel Co ranks worse than 95.67% on this metric.
The historical rank and industry rank for First Hotel Co's Cyclically Adjusted PS Ratio or its related term are showing as below:
TPE:2706'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 15.52 Med: 18.72 Max: 23.97
Current: 16.13
During the past years, First Hotel Co's highest Cyclically Adjusted PS Ratio was 23.97. The lowest was 15.52. And the median was 18.72.
TPE:2706's Cyclically Adjusted PS Ratio is ranked worse than 95.67% of 1364
companies
in the Real Estate industry
Industry Median: 1.77
vs TPE:2706: 16.13
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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
First Hotel Co's adjusted revenue per share data for the three months ended in Jun. 2026 was NT$0.173. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is NT$0.78 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
First Hotel Co (TPE:2706) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
First Hotel Co Cyclically Adjusted PS Ratio Related Terms
First Hotel Co Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for First Hotel Co's Cyclically Adjusted PS 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.
TPE:2706 vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison
For the Real Estate Services subindustry, First Hotel Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.
First Hotel Co Cyclically Adjusted PS Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, First Hotel Co's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where First Hotel Co's Cyclically Adjusted PS Ratio falls into.
First Hotel Co Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
First Hotel Co's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 PS Ratio of 16.15 mean?
First Hotel Co (TPE:2706) has a Cyclically Adjusted PS Ratio of 16.15 as of Sep. 01, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on First Hotel Co and its competitors. This is 14% below median its historical median of 18.72. Over the past decade, First Hotel Co's Cyclically Adjusted PS Ratio has ranged from 15.52 to 23.97. According to the industry distribution chart, First Hotel Co ranks #1305 out of 1364 companies in the Real Estate industry, placing it in the top 95.7%.
Is First Hotel Co's Cyclically Adjusted PS Ratio too high?
First Hotel Co's current Cyclically Adjusted PS Ratio of 16.15 is 14% below median its 10-year median of 18.72. Over the past 10 years, this metric has ranged from a low of 15.52 to a high of 23.97. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.77. First Hotel Co's value of 16.15 is 812.4% above this industry median. Based on the distribution chart, First Hotel Co ranks #1305 out of 1364 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, First Hotel Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Hotel Co's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, First Hotel Co ranks #1305 out of 1364 companies for Cyclically Adjusted PS Ratio. This places First Hotel Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.77. First Hotel Co's value of 16.15 is 812.4% above this benchmark. Historically, First Hotel Co's own Cyclically Adjusted PS Ratio has ranged from 15.52 to 23.97 over the past decade. While the company's 10-year median is 18.72 vs. the industry median of 1.77, First Hotel Co has consistently been above 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 PS Ratio for a Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.77, based on 1,364 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Hotel Co's current Cyclically Adjusted PS Ratio of 16.15 is 812.4% above 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on First Hotel Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Hotel Co's current Cyclically Adjusted PS Ratio is 16.15, which is 14% below median its own 10-year median of 18.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Hotel Co stock overvalued right now?
Based on GuruFocus' analysis, First Hotel Co (TPE:2706) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.78, compared to a current price of NT$12.60 — trading 20.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 16.15, which is 14% below median its 10-year median of 18.72 and 812.4% above the Real Estate industry median of 1.77. First Hotel Co's overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For First Hotel Co (TPE:2706), the current Cyclically Adjusted PS Ratio is 16.15 as of Sep. 01, 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 First Hotel Co (TPE:2706) Overvalued in 2026?
Based on GuruFocus' analysis, First Hotel Co stock appears to be undervalued.
The current stock price of NT$12.60 is trading 20.2% below its estimated GF Value™ of NT$15.78.
GuruFocus considers First Hotel Co to be Modestly Undervalued.
Key valuation signals for TPE:2706:
Cyclically Adjusted PS Ratio: 16.15 (14% below median its 10-year median of 18.72)
GF Value™: NT$15.78 vs. price of NT$12.60 (20.2% below fair value)
Industry Position: 812.4% above the Real Estate median (#1305 of 1364)
No single metric tells the full story. See the TPE:2706 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Hotel Co Ltd is a Taiwan-based company, that engages in the operation and management of hotels. The reportable segments of the company are the Travel service segment which include tourist hotel service, and the Leasing segment which generates key revenue and includes Rent out commercial buildings. The company operates tourism hotels, which provide spaces for accommodation, catering, parties, fitness centers, and meeting rooms. Its leasing of commercial buildings business mainly includes the leasing of shopping malls. It also provides services like dining halls, restaurants, and online booking services.
87GF Score
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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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