Tokyu (FRA:01T) Cyclically Adjusted PB Ratio: 1.31 (As of Jul. 28, 2026) — 17% Below Median

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FRA:01T Tokyu Corp FRA:01T
62 GF Score
Price €9.30
GF Value €10.44
! 2 Warning Signs
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What is Tokyu Cyclically Adjusted PB Ratio?

Tokyu FRA:01T +2.20% 62 Cyclically Adjusted PB Ratio is 1.31 as of Jul. 28, 2026, which is 17% below its 10-year median of 1.57. GuruFocus rates FRA:01T with a GF Score™ of 62/100 and a GF Value™ of €10.44. The stock has 2 warning signs investors should review. Among 808 Retail - Cyclical companies, Tokyu ranks worse than 51.61% on this metric.

As of today (2026-07-28), Tokyu's current share price is €9.30. Tokyu's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was €7.09. Tokyu's Cyclically Adjusted PB Ratio for today is 1.31.

The historical rank and industry rank for Tokyu's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:01T' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.19   Med: 1.57   Max: 2.53
Current: 1.31

During the past years, Tokyu's highest Cyclically Adjusted PB Ratio was 2.53. The lowest was 1.19. And the median was 1.57.

FRA:01T's Cyclically Adjusted PB Ratio is ranked worse than
51.61% of 808 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs FRA:01T: 1.31

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.

Tokyu's adjusted book value per share data for the three months ended in Dec. 2025 was €8.408. 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 €7.09 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokyu  (FRA:01T) 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.


Tokyu Cyclically Adjusted PB Ratio Related Terms


Tokyu Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tokyu'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.

Tokyu Cyclically Adjusted PB Ratio Chart

Tokyu Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 1.57 1.54 1.32 0.00

Tokyu Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.32 1.32 1.37 1.37 0.00

FRA:01T vs DDS, M: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Tokyu'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.


Tokyu Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


FRA:01T
62GF Score
Tokyu Corp FRA:01T
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyu 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.

Tokyu's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.30/7.09
=1.31

* 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.

Tokyu's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Tokyu's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=8.408/113.0000*113.0000
=8.408

Current CPI (Dec. 2025) = 113.0000.

Tokyu Quarterly Data

Book Value per Share CPI Adj_Book
201603 7.479 97.900 8.633
201606 8.085 98.100 9.313
201609 8.540 98.000 9.847
201612 8.191 98.400 9.406
201703 8.568 98.100 9.869
201706 8.506 98.500 9.758
201709 8.246 98.800 9.431
201712 8.440 99.400 9.595
201803 8.857 99.200 10.089
201806 9.091 99.200 10.356
201809 9.232 99.900 10.443
201812 9.513 99.700 10.782
201903 9.761 99.700 11.063
201906 10.187 99.800 11.534
201909 10.745 100.100 12.130
201912 10.538 100.500 11.849
202003 10.535 100.300 11.869
202006 9.969 99.900 11.276
202009 9.663 99.900 10.930
202012 9.471 99.300 10.778
202103 8.985 99.900 10.163
202106 8.781 99.500 9.972
202109 9.196 100.100 10.381
202112 9.255 100.100 10.448
202203 8.937 101.100 9.989
202206 8.332 101.800 9.249
202209 8.536 103.100 9.356
202212 8.552 104.100 9.283
202303 8.420 104.400 9.114
202306 7.934 105.200 8.522
202309 7.958 106.200 8.468
202312 8.135 106.800 8.607
202403 8.102 107.200 8.540
202406 0.000 108.200 0.000
202409 8.839 108.900 9.172
202412 8.685 110.700 8.865
202503 8.942 111.100 9.095
202506 8.780 111.700 8.882
202509 8.688 112.000 8.766
202512 8.408 113.000 8.408

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.

What does a Cyclically Adjusted PB Ratio of 1.31 mean?
Tokyu (FRA:01T) has a Cyclically Adjusted PB Ratio of 1.31 as of Jul. 28, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Tokyu and its competitors. This is 17% below median its historical median of 1.57. Over the past decade, Tokyu's Cyclically Adjusted PB Ratio has ranged from 1.19 to 2.53. According to the industry distribution chart, Tokyu ranks #417 out of 808 companies in the Retail - Cyclical industry, placing it in the top 51.6%.
Is Tokyu's Cyclically Adjusted PB Ratio too high?
Tokyu's current Cyclically Adjusted PB Ratio of 1.31 is 17% below median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 2.53. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Tokyu's value of 1.31 is 5.6% above this industry median. Based on the distribution chart, Tokyu ranks #417 out of 808 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Tokyu has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Tokyu's Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Tokyu ranks #417 out of 808 companies for Cyclically Adjusted PB Ratio. This places Tokyu in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Tokyu's value of 1.31 is 5.6% above this benchmark. Historically, Tokyu's own Cyclically Adjusted PB Ratio has ranged from 1.19 to 2.53 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 1.24, Tokyu 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 PB Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 808 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tokyu's current Cyclically Adjusted PB Ratio of 1.31 is 5.6% 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 PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Tokyu and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyu's current Cyclically Adjusted PB Ratio is 1.31, which is 17% below median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyu stock overvalued right now?
Tokyu (FRA:01T) has a current Cyclically Adjusted PB Ratio of 1.31. The stock's GF Value™ is €10.44, compared to a current price of €9.30 — trading 10.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.31, which is 17% below median its 10-year median of 1.57 and 5.6% above the Retail - Cyclical industry median of 1.24. Tokyu's overall GF Score™ is 62/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Tokyu (FRA:01T), the current Cyclically Adjusted PB Ratio is 1.31 as of Jul. 28, 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 Tokyu (FRA:01T) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyu stock appears to be undervalued. The current stock price of €9.30 is trading 10.9% below its estimated GF Value™ of €10.44.

Key valuation signals for FRA:01T:

  • Cyclically Adjusted PB Ratio: 1.31 (17% below median its 10-year median of 1.57)
  • GF Value™: €10.44 vs. price of €9.30 (10.9% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 5.6% above the Retail - Cyclical median (#417 of 808)

No single metric tells the full story. See the FRA:01T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyu Business Description

Other Exchanges TOKUY:USA9005:Japan
Address 5-6 Nanpeidaicho, Shibuya-ku, Tokyo, JPN, 150-8511
Tokyu Corp is a Japan-based industry conglomerate mainly engaged in the transportation, real estate, leisure services, and hotel and resort businesses. The segments in which the group operates include Transportation, Real estate, Life service, and Hotel & Resort Business. Through its subsidiaries, it offers leisure-related services such as travel agents, theaters, golf, and car rental agents. It derives the majority of revenue from the Life service segment, which is engaged in Department store business, chain store business, shopping center business, Cable TV business, advertising business, and video business.
62GF Score

Get the complete analysis for FRA:01T

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

€9.30
Price
€10.44
GF Value