Kabuki-Za Co (TSE:9661) Cyclically Adjusted Book per Share: 円1,033.62 (As of Feb. 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:9661 Kabuki-Za Co Ltd TSE:9661
78 GF Score
Price 円4,180.00
GF Value 円5,890.98
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Kabuki-Za Co Cyclically Adjusted Book per Share?

Kabuki-Za Co TSE:9661 -0.12% 78 Cyclically Adjusted Book per Share is 円1,033.62 as of Feb. 2026. GuruFocus rates TSE:9661 with a GF Score™ of 78/100 and a GF Value™ of 円5,890.98 (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.

Kabuki-Za Co's adjusted book value per share for the three months ended in Feb. 2026 was 円937.966. 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1,033.62 for the trailing ten years ended in Feb. 2026.

During the past 12 months, Kabuki-Za Co's average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.40% 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 Kabuki-Za Co was 3.90% per year. The lowest was 2.40% per year. And the median was 3.05% per year.

As of today (2026-09-17), Kabuki-Za Co's current stock price is 円4180.00. Kabuki-Za Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円1,033.62. Kabuki-Za Co's Cyclically Adjusted PB Ratio of today is 4.04.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kabuki-Za Co was 7.37. The lowest was 4.05. And the median was 5.22.


Kabuki-Za Co  (TSE:9661) 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.

Kabuki-Za Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4180.00/1033.617
=4.04

* 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 Kabuki-Za Co was 7.37. The lowest was 4.05. And the median was 5.22.


Be Aware

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


Kabuki-Za Co Cyclically Adjusted Book per Share Related Terms


Kabuki-Za Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Kabuki-Za 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.

Kabuki-Za Co Cyclically Adjusted Book per Share Chart

Kabuki-Za Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 914.84 950.35 979.56 1,012.95 1,025.50

Kabuki-Za Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 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 1,028.47 1,033.32 1,042.89 1,033.62 1,043.78

TSE:9661 vs CBRE, BEKE, JLL: Cyclically Adjusted Book per Share Comparison

For the Real Estate Services subindustry, Kabuki-Za 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.


Kabuki-Za Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Kabuki-Za Co's Cyclically Adjusted PB Ratio falls into.


TSE:9661
78GF Score
Kabuki-Za Co Ltd TSE:9661
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kabuki-Za 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, Kabuki-Za 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)
=937.966/112.2000*112.2000
=937.966

Current CPI (Feb. 2026) = 112.2000.

Kabuki-Za Co Quarterly Data

Book Value per Share CPI Adj_Book
201602 819.759 97.800 940.460
201605 855.010 98.200 976.906
201608 866.451 97.900 993.011
201611 910.685 98.600 1,036.297
201702 933.705 98.100 1,067.907
201705 953.900 98.600 1,085.472
201708 1,018.452 98.500 1,160.105
201711 1,105.304 99.100 1,251.414
201802 1,018.310 99.500 1,148.285
201805 1,028.532 99.300 1,162.148
201808 984.014 99.800 1,106.276
201811 942.775 100.000 1,057.794
201902 932.972 99.700 1,049.944
201905 970.310 100.000 1,088.688
201908 963.152 100.000 1,080.657
201911 1,070.676 100.500 1,195.322
202002 951.033 100.300 1,063.867
202005 1,006.210 100.100 1,127.840
202008 1,000.919 100.100 1,121.909
202011 962.629 99.500 1,085.497
202102 1,037.218 99.800 1,166.091
202105 945.327 99.400 1,067.059
202108 916.549 99.700 1,031.462
202111 889.884 100.100 997.452
202202 914.108 100.700 1,018.500
202205 950.315 101.800 1,047.400
202208 913.633 102.700 998.146
202211 902.279 103.900 974.357
202302 876.646 104.000 945.766
202305 896.224 105.100 956.768
202308 881.449 105.900 933.886
202311 838.481 106.900 880.052
202402 869.974 106.900 913.106
202405 853.194 108.100 885.554
202408 871.675 109.100 896.443
202502 931.798 110.800 943.572
202505 978.890 111.800 982.392
202508 1,012.874 112.100 1,013.778
202511 988.331 113.200 979.600
202602 937.966 112.200 937.966

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1,033.62 mean?
Kabuki-Za Co (TSE:9661) has a Cyclically Adjusted Book per Share of 円1,033.62 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 Kabuki-Za Co and its competitors.
Is Kabuki-Za Co's Cyclically Adjusted Book per Share too high?
Kabuki-Za Co's current Cyclically Adjusted Book per Share is 円1,033.62. Overall, Kabuki-Za Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kabuki-Za Co's Cyclically Adjusted Book per Share compare to CBRE and BEKE?
Kabuki-Za Co's Cyclically Adjusted Book per Share of 円1,033.62 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 Kabuki-Za Co and its competitors. Kabuki-Za Co's current Cyclically Adjusted Book per Share is 円1,033.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kabuki-Za Co stock overvalued right now?
Based on GuruFocus' analysis, Kabuki-Za Co (TSE:9661) is currently considered Modestly Undervalued. The stock's GF Value™ is 円5,890.98, compared to a current price of 円4,180.00 — trading 29% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円1,033.62. Kabuki-Za Co's overall GF Score™ is 78/100 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 Kabuki-Za Co (TSE:9661), the current Cyclically Adjusted Book per Share is 円1,033.62 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 Kabuki-Za Co (TSE:9661) Overvalued in 2026?

Based on GuruFocus' analysis, Kabuki-Za Co stock appears to be undervalued. The current stock price of 円4,180.00 is trading 29% below its estimated GF Value™ of 円5,890.98. GuruFocus considers Kabuki-Za Co to be Modestly Undervalued.

Key valuation signals for TSE:9661:

  • Cyclically Adjusted Book per Share: 円1,033.62
  • GF Value™: 円5,890.98 vs. price of 円4,180.00 (29% below fair value)
  • GF Score™: 78/100 with 2 warning signs

No single metric tells the full story. See the TSE:9661 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kabuki-Za Co Business Description

Address 4-12-15 Ginza, Chuo-ku, Tokyo, JPN, 104-0061
Kabuki-Za Co Ltd is a Japan-based company with its main business in the leasing of real estate, the operation of restaurants and shops, the producing and screening of movies, and live theater. The company operates in three business segments: real estate leasing, which operates in the leasing of theaters, buildings, and parking lots; restaurant and food service, which focuses on the operation of restaurants inside and outside of the theaters under the group; and the shop segment, which is involved in the retail business of Kabuki-related products inside the theaters.
78GF Score

Get the complete analysis for TSE:9661

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

円4,180.00
Price
円5,890.98
GF Value