Honeys Holdings Co (TSE:2792) Cyclically Adjusted Book per Share: 円1,407.95 (As of Feb. 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.
Reviewed by: Charlie Tian Charlie Tian
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.

TSE:2792 Honeys Holdings Co Ltd TSE:2792
63 GF Score
Price 円1,405.00
GF Value 円1,608.80
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Honeys Holdings Co Cyclically Adjusted Book per Share?

Honeys Holdings Co TSE:2792 63 Cyclically Adjusted Book per Share is 円1,407.95 as of Feb. 2026. GuruFocus rates TSE:2792 with a GF Score™ of 63/100 and a GF Value™ of 円1,608.80 (Modestly Undervalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Honeys Holdings Co's adjusted book value per share for the three months ended in Feb. 2026 was 円1,692.198. 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 円1,407.95 for the trailing ten years ended in Feb. 2026.

During the past 12 months, Honeys Holdings Co's average Cyclically Adjusted Book Growth Rate was -100.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Honeys Holdings Co was 5.40% per year. The lowest was 2.80% per year. And the median was 4.30% per year.

As of today (2026-07-17), Honeys Holdings Co's current stock price is 円1405.00. Honeys Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円1,407.95. Honeys Holdings Co's Cyclically Adjusted PB Ratio of today is 1.00.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Honeys Holdings Co was 1.66. The lowest was 0.72. And the median was 1.06.


Honeys Holdings Co  (TSE:2792) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Honeys Holdings Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1405.00/1407.95
=1.00

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Honeys Holdings Co was 1.66. The lowest was 0.72. And the median was 1.06.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Honeys Holdings Co Cyclically Adjusted Book per Share Related Terms


Honeys Holdings Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Honeys Holdings Co's Cyclically Adjusted Book per Share 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.

Honeys Holdings Co Cyclically Adjusted Book per Share Chart

Honeys Holdings Co Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,176.33 1,241.79 1,309.48 1,378.36 0.00

Honeys Holdings Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Cyclically Adjusted Book per Share 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 1,378.36 1,388.59 1,411.65 1,407.95 0.00

TSE:2792 vs TJX, ROST, BURL: Cyclically Adjusted Book per Share Comparison

For the Apparel Retail subindustry, Honeys Holdings 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.


Honeys Holdings Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Honeys Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2792
63GF Score
Honeys Holdings Co Ltd TSE:2792
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Honeys Holdings Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Honeys Holdings Co's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book= Book Value per Share /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=1692.198/112.2000*112.2000
=1,692.198

Current CPI (Feb. 2026) = 112.2000.

Honeys Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201602 1,086.751 97.800 1,246.763
201605 1,091.510 98.200 1,247.122
201608 1,039.504 97.900 1,191.342
201611 1,098.577 98.600 1,250.105
201702 1,078.461 98.100 1,233.469
201705 1,097.516 98.600 1,248.898
201708 1,093.742 98.500 1,245.867
201711 1,120.266 99.100 1,268.354
201802 1,054.465 99.500 1,189.055
201805 1,078.388 99.300 1,218.481
201808 1,088.863 99.800 1,224.153
201811 1,120.416 100.000 1,257.107
201902 1,095.575 99.700 1,232.934
201905 1,175.427 100.000 1,318.829
201908 1,159.034 100.000 1,300.436
201911 1,235.474 100.500 1,379.305
202002 1,222.370 100.300 1,367.397
202005 1,218.418 100.100 1,365.699
202008 1,205.766 100.100 1,351.518
202011 1,235.132 99.500 1,392.782
202102 1,214.904 99.800 1,365.854
202105 1,281.501 99.400 1,446.523
202108 1,224.092 99.700 1,377.564
202111 1,262.585 100.100 1,415.205
202202 1,245.108 100.700 1,387.300
202205 1,354.806 101.800 1,493.214
202208 1,383.941 102.700 1,511.959
202211 1,407.477 103.900 1,519.913
202302 1,370.226 104.000 1,478.263
202305 1,462.585 105.100 1,561.390
202308 1,468.298 105.900 1,555.647
202311 1,489.603 106.900 1,563.456
202402 1,486.378 106.900 1,560.071
202405 1,607.742 108.100 1,668.720
202411 1,601.218 110.000 1,633.242
202502 1,581.862 110.800 1,601.849
202505 1,603.837 111.800 1,609.575
202508 1,628.442 112.100 1,629.895
202511 1,731.675 113.200 1,716.378
202602 1,692.198 112.200 1,692.198

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

What does a Cyclically Adjusted Book per Share of 円1,407.95 mean?
Honeys Holdings Co (TSE:2792) has a Cyclically Adjusted Book per Share of 円1,407.95 as of Feb. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Honeys Holdings Co and its competitors.
Is Honeys Holdings Co's Cyclically Adjusted Book per Share too high?
Honeys Holdings Co's current Cyclically Adjusted Book per Share is 円1,407.95. Overall, Honeys Holdings Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Honeys Holdings Co's Cyclically Adjusted Book per Share compare to TJX and ROST?
Honeys Holdings Co's Cyclically Adjusted Book per Share of 円1,407.95 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Retail - Cyclical company?
A good Cyclically Adjusted Book per Share depends on the Retail - Cyclical industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Honeys Holdings Co and its competitors. Honeys Holdings Co's current Cyclically Adjusted Book per Share is 円1,407.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeys Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Honeys Holdings Co (TSE:2792) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,608.80, compared to a current price of 円1,405.00 — trading 12.7% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円1,407.95. Honeys Holdings Co's overall GF Score™ is 63/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Honeys Holdings Co (TSE:2792), the current Cyclically Adjusted Book per Share is 円1,407.95 as of Feb. 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 Honeys Holdings Co (TSE:2792) Overvalued in 2026?

Based on GuruFocus' analysis, Honeys Holdings Co stock appears to be undervalued. The current stock price of 円1,405.00 is trading 12.7% below its estimated GF Value™ of 円1,608.80. GuruFocus considers Honeys Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:2792:

  • Cyclically Adjusted Book per Share: 円1,407.95
  • GF Value™: 円1,608.80 vs. price of 円1,405.00 (12.7% below fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the TSE:2792 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Honeys Holdings Co Business Description

Address Kuranaka Character 1 of 7 Natsumoto 27, Kashima cho, Fukushima Prefecture, Iwaki City, JPN, 971-8141
Honeys Holdings Co Ltd is a Japan-based company, engages in the planning, manufacturing, and selling of women's clothing and fashion accessories The company offers its products under the brands named CINEMA CLUB, GLACIER, COLZA and Comfort Basic through specialty retail stores located in suburban shopping malls and station buildings, as well as online shopping site.
63GF Score

Get the complete analysis for TSE:2792

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

円1,405.00
Price
円1,608.80
GF Value