Meiho Enterprise Co (TSE:8927) Cyclically Adjusted Book per Share: 円215.73 (As of Jan. 2026)

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TSE:8927 Meiho Enterprise Co Ltd TSE:8927
86 GF Score
Price 円476.00
GF Value 円556.06
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Meiho Enterprise Co Cyclically Adjusted Book per Share?

Meiho Enterprise Co TSE:8927 -0.63% 86 Cyclically Adjusted Book per Share is 円215.73 as of Jan. 2026. GuruFocus rates TSE:8927 with a GF Score™ of 86/100 and a GF Value™ of 円556.06 (Modestly Undervalued). The stock has 3 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.

Meiho Enterprise Co's adjusted book value per share for the three months ended in Jan. 2026 was 円349.515. 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215.73 for the trailing ten years ended in Jan. 2026.

During the past 12 months, Meiho Enterprise Co's average Cyclically Adjusted Book Growth Rate was 14.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.40% 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 Meiho Enterprise Co was 19.30% per year. The lowest was -7.00% per year. And the median was 14.20% per year.

As of today (2026-08-25), Meiho Enterprise Co's current stock price is 円476.00. Meiho Enterprise Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2026 was 円215.73. Meiho Enterprise Co's Cyclically Adjusted PB Ratio of today is 2.21.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Meiho Enterprise Co was 4.84. The lowest was 1.24. And the median was 2.05.


Meiho Enterprise Co  (TSE:8927) 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.

Meiho Enterprise Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=476.00/215.73
=2.21

* 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 Meiho Enterprise Co was 4.84. The lowest was 1.24. And the median was 2.05.


Be Aware

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


Meiho Enterprise Co Cyclically Adjusted Book per Share Related Terms


Meiho Enterprise Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Meiho Enterprise 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.

Meiho Enterprise Co Cyclically Adjusted Book per Share Chart

Meiho Enterprise Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 106.06 135.26 156.26 179.30 201.20

Meiho Enterprise Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 194.49 201.20 208.95 215.73 0.00

Meiho Enterprise Co Cyclically Adjusted Book per Share Competitor Comparison

For the Real Estate - Diversified subindustry, Meiho Enterprise 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.


Meiho Enterprise Co Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Meiho Enterprise Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:8927
86GF Score
Meiho Enterprise Co Ltd TSE:8927
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meiho Enterprise 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, Meiho Enterprise Co's adjusted Book Value per Share data for the three months ended in Jan. 2026 was:

Adj_Book= Book Value per Share /CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=349.515/112.9000*112.9000
=349.515

Current CPI (Jan. 2026) = 112.9000.

Meiho Enterprise Co Quarterly Data

Book Value per Share CPI Adj_Book
201601 71.517 97.700 82.643
201604 88.335 98.100 101.662
201607 92.278 97.900 106.417
201610 93.803 98.600 107.407
201701 100.254 98.200 115.261
201704 105.354 98.500 120.756
201707 122.961 98.300 141.224
201710 151.414 98.800 173.023
201801 149.442 99.500 169.568
201804 185.177 99.100 210.964
201807 179.752 99.200 204.577
201810 169.649 100.200 191.151
201901 167.471 99.700 189.644
201904 172.349 100.000 194.582
201907 176.978 99.800 200.209
201910 165.593 100.400 186.210
202001 176.203 100.500 197.943
202004 181.189 100.200 204.154
202007 184.684 100.000 208.508
202010 182.543 99.800 206.504
202101 186.183 99.800 210.622
202104 207.095 99.100 235.934
202107 214.752 99.700 243.185
202110 209.073 99.900 236.280
202201 205.044 100.300 230.802
202204 213.739 101.500 237.745
202207 234.192 102.300 258.458
202210 227.275 103.700 247.438
202301 214.332 104.700 231.118
202304 230.635 105.100 247.752
202307 237.551 105.700 253.732
202310 237.713 107.100 250.586
202401 256.893 106.900 271.312
202404 272.573 107.700 285.733
202407 270.924 108.600 281.651
202501 279.861 111.200 284.139
202504 294.322 111.500 298.018
202507 323.012 111.900 325.899
202510 336.729 112.800 337.028
202601 349.515 112.900 349.515

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215.73 mean?
Meiho Enterprise Co (TSE:8927) has a Cyclically Adjusted Book per Share of 円215.73 as of Jan. 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 Meiho Enterprise Co and its competitors.
Is Meiho Enterprise Co's Cyclically Adjusted Book per Share too high?
Meiho Enterprise Co's current Cyclically Adjusted Book per Share is 円215.73. Overall, Meiho Enterprise Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Meiho Enterprise Co's Cyclically Adjusted Book per Share compare to competitors?
Meiho Enterprise Co's Cyclically Adjusted Book per Share of 円215.73 can be compared against companies in the Real Estate 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 Real Estate company?
A good Cyclically Adjusted Book per Share depends on the Real Estate 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 Meiho Enterprise Co and its competitors. Meiho Enterprise Co's current Cyclically Adjusted Book per Share is 円215.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiho Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Meiho Enterprise Co (TSE:8927) is currently considered Modestly Undervalued. The stock's GF Value™ is 円556.06, compared to a current price of 円476.00 — trading 14.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円215.73. Meiho Enterprise Co's overall GF Score™ is 86/100 with 3 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 Meiho Enterprise Co (TSE:8927), the current Cyclically Adjusted Book per Share is 円215.73 as of Jan. 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 Meiho Enterprise Co (TSE:8927) Overvalued in 2026?

Based on GuruFocus' analysis, Meiho Enterprise Co stock appears to be undervalued. The current stock price of 円476.00 is trading 14.4% below its estimated GF Value™ of 円556.06. GuruFocus considers Meiho Enterprise Co to be Modestly Undervalued.

Key valuation signals for TSE:8927:

  • Cyclically Adjusted Book per Share: 円215.73
  • GF Value™: 円556.06 vs. price of 円476.00 (14.4% below fair value)
  • GF Score™: 86/100 with 3 warning signs

No single metric tells the full story. See the TSE:8927 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meiho Enterprise Co Business Description

Address 2-10-11 Meguro, Meguro-ku, 5th Floor Meguro Yamate Place, Tokyo, JPN, 153-0063
Meiho Enterprise Co Ltd is a real estate company engaged in the sale of residential properties. Its business is divided into Real estate development/sales business; Real estate leasing business; and Real estate brokerage business.
86GF Score

Get the complete analysis for TSE:8927

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

円476.00
Price
円556.06
GF Value