Tsukada Global Holdings (FRA:TVJ) Cyclically Adjusted PB Ratio: (As of Aug. 18, 2026)

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Director of Data and Quant Analytics at GuruFocus
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FRA:TVJ Tsukada Global Holdings Inc FRA:TVJ
60 GF Score
Price €3.20
GF Value €3.26
! 3 Warning Signs
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What is Tsukada Global Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsukada Global Holdings  (FRA:TVJ) 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.


Tsukada Global Holdings Cyclically Adjusted PB Ratio Related Terms


Tsukada Global Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tsukada Global Holdings'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.

Tsukada Global Holdings Cyclically Adjusted PB Ratio Chart

Tsukada Global Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 0.57 0.59 0.66 0.83

Tsukada Global Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.84 1.02 0.83 0.90 0.00

FRA:TVJ vs ROL, SCI, HRB: Cyclically Adjusted PB Ratio Comparison

For the Personal Services subindustry, Tsukada Global Holdings'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.


Tsukada Global Holdings Cyclically Adjusted PB Ratio vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Tsukada Global Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:TVJ
60GF Score
Tsukada Global Holdings Inc FRA:TVJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tsukada Global Holdings 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.

Tsukada Global Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Tsukada Global Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.515/113.6000*113.6000
=4.515

Current CPI (Jun. 2026) = 113.6000.

Tsukada Global Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.384 98.000 6.241
201612 5.589 98.400 6.452
201703 5.497 98.100 6.366
201706 5.439 98.500 6.273
201709 5.173 98.800 5.948
201712 5.366 99.400 6.133
201803 5.279 99.200 6.045
201806 5.543 99.200 6.348
201809 5.544 99.900 6.304
201812 5.839 99.700 6.653
201903 5.871 99.700 6.690
201906 6.219 99.800 7.079
201909 6.500 100.100 7.377
201912 6.469 100.500 7.312
202003 6.047 100.300 6.849
202006 5.245 99.900 5.964
202009 4.766 99.900 5.420
202012 4.361 99.300 4.989
202103 3.855 99.900 4.384
202106 3.470 99.500 3.962
202109 3.334 100.100 3.784
202112 3.334 100.100 3.784
202203 3.086 101.100 3.468
202206 3.118 101.800 3.479
202209 3.196 103.100 3.521
202212 3.354 104.100 3.660
202303 3.288 104.400 3.578
202306 3.367 105.200 3.636
202309 3.322 106.200 3.553
202312 3.631 106.800 3.862
202403 3.621 107.200 3.837
202406 3.679 108.200 3.863
202409 3.769 108.900 3.932
202412 4.195 110.700 4.305
202503 4.130 111.100 4.223
202506 4.482 111.700 4.558
202509 4.294 112.000 4.355
202512 4.305 113.000 4.328
202603 4.322 112.700 4.357
202606 4.515 113.600 4.515

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.

Is Tsukada Global Holdings (FRA:TVJ) Overvalued in 2026?

Based on GuruFocus' analysis, Tsukada Global Holdings stock appears to be undervalued. The current stock price of €3.20 is trading 1.8% below its estimated GF Value™ of €3.26.

Key valuation signals for FRA:TVJ:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.26 vs. price of €3.20 (1.8% below fair value)
  • GF Score™: 60/100 with 3 warning signs

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


Tsukada Global Holdings Business Description

Other Exchanges 2418:Japan
Address 1-16-1 Kaigan, New Pier Takeshiba South Tower, Minato-ku, Tokyo, JPN, 105-0022
Tsukada Global Holdings Inc is engaged in the planning and development of guest houses, hotels, wedding and restaurant business in Japan. The company offers wedding attire, beauty care, wedding ceremony and reception, photography, and videography services. It operates in three segments- wedding business, Hotel Business and W&R Business. The company serves a wide array of clients looking for exceptional service in various celebratory and leisure contexts.
60GF Score

Get the complete analysis for FRA:TVJ

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

€3.20
Price
€3.26
GF Value