Business One Holdings (FSE:4827) Cyclically Adjusted PB Ratio: 0.85 (As of Aug. 08, 2026) — 20% Below Median

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FSE:4827 Business One Holdings Inc FSE:4827
73 GF Score
Price 円822.00
GF Value 円922.91
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Business One Holdings Cyclically Adjusted PB Ratio?

Business One Holdings FSE:4827 +1.36% 73 Cyclically Adjusted PB Ratio is 0.85 as of Aug. 08, 2026, which is 20% below its 10-year median of 1.06. GuruFocus rates FSE:4827 with a GF Score™ of 73/100 and a GF Value™ of 円922.91 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,412 Real Estate companies, Business One Holdings ranks worse than 59.07% on this metric.

As of today (2026-08-08), Business One Holdings's current share price is 円822.00. Business One Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円963.14. Business One Holdings's Cyclically Adjusted PB Ratio for today is 0.85.

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

FSE:4827' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.06   Max: 1.4
Current: 0.86

During the past years, Business One Holdings's highest Cyclically Adjusted PB Ratio was 1.40. The lowest was 0.82. And the median was 1.06.

FSE:4827's Cyclically Adjusted PB Ratio is ranked worse than
59.07% of 1412 companies
in the Real Estate industry
Industry Median: 0.68 vs FSE:4827: 0.86

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.

Business One Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,610.050. 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963.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Business One Holdings  (FSE:4827) 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.


Business One Holdings Cyclically Adjusted PB Ratio Related Terms


Business One Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Business One 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.

Business One Holdings Cyclically Adjusted PB Ratio Chart

Business One Holdings 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 1.01 1.04 1.05 0.88 0.86

Business One Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.88 0.00 0.00 0.00 0.86

FSE:4827 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Business One 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.


Business One Holdings Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Business One Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FSE:4827
73GF Score
Business One Holdings Inc FSE:4827
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Business One 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.

Business One Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=822.00/963.14
=0.85

* 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.

Business One Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Business One Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1610.05/112.7000*112.7000
=1,610.050

Current CPI (Mar. 2026) = 112.7000.

Business One Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201603 306.162 97.900 352.446
201606 318.423 98.100 365.813
201609 372.287 98.000 428.130
201612 373.052 98.400 427.266
201703 382.333 98.100 439.235
201706 424.459 98.500 485.650
201709 441.352 98.800 503.445
201712 452.233 99.400 512.743
201803 467.216 99.200 530.799
201806 501.382 99.200 569.614
201809 542.860 99.900 612.416
201812 555.080 99.700 627.458
201903 563.423 99.700 636.888
201906 588.511 99.800 664.581
201909 614.576 100.100 691.935
201912 647.667 100.500 726.289
202003 660.570 100.300 742.236
202006 655.217 99.900 739.169
202009 702.307 99.900 792.292
202012 732.448 99.300 831.288
202103 767.795 99.900 866.171
202106 824.655 99.500 934.056
202109 862.690 100.100 971.280
202112 882.219 100.100 993.268
202203 887.041 101.100 988.818
202206 993.989 101.800 1,100.418
202209 1,034.081 103.100 1,130.368
202212 1,060.642 104.100 1,148.265
202303 1,037.582 104.400 1,120.072
202306 1,140.855 105.200 1,222.190
202309 1,171.810 106.200 1,243.531
202312 1,200.949 106.800 1,267.294
202403 1,211.363 107.200 1,273.513
202406 1,265.798 108.200 1,318.442
202409 1,298.025 108.900 1,343.319
202503 1,403.449 111.100 1,423.661
202506 1,444.387 111.700 1,457.318
202509 1,525.317 112.000 1,534.850
202512 1,550.455 113.000 1,546.339
202603 1,610.050 112.700 1,610.050

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 0.85 mean?
Business One Holdings (FSE:4827) has a Cyclically Adjusted PB Ratio of 0.85 as of Aug. 08, 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 Business One Holdings and its competitors. This is 20% below median its historical median of 1.06. Over the past decade, Business One Holdings' Cyclically Adjusted PB Ratio has ranged from 0.82 to 1.40. According to the industry distribution chart, Business One Holdings ranks #834 out of 1412 companies in the Real Estate industry, placing it in the top 59.1%.
Is Business One Holdings' Cyclically Adjusted PB Ratio too high?
Business One Holdings' current Cyclically Adjusted PB Ratio of 0.85 is 20% below median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 1.40. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Business One Holdings' value of 0.85 is 25% above this industry median. Based on the distribution chart, Business One Holdings ranks #834 out of 1412 companies in the Real Estate industry, which is below the industry midpoint. Overall, Business One Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Business One Holdings' Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Business One Holdings ranks #834 out of 1412 companies for Cyclically Adjusted PB Ratio. This places Business One Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. Business One Holdings' value of 0.85 is 25% above this benchmark. Historically, Business One Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.82 to 1.40 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 0.68, Business One Holdings 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.68, based on 1,412 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. Business One Holdings's current Cyclically Adjusted PB Ratio of 0.85 is 25% 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 Business One Holdings and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Business One Holdings's current Cyclically Adjusted PB Ratio is 0.85, which is 20% below median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Business One Holdings stock overvalued right now?
Based on GuruFocus' analysis, Business One Holdings (FSE:4827) is currently considered Modestly Undervalued. The stock's GF Value™ is 円922.91, compared to a current price of 円822.00 — trading 10.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.85, which is 20% below median its 10-year median of 1.06 and 25% above the Real Estate industry median of 0.68. Business One Holdings' overall GF Score™ is 73/100 with 4 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 Business One Holdings (FSE:4827), the current Cyclically Adjusted PB Ratio is 0.85 as of Aug. 08, 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 Business One Holdings (FSE:4827) Overvalued in 2026?

Based on GuruFocus' analysis, Business One Holdings stock appears to be undervalued. The current stock price of 円822.00 is trading 10.9% below its estimated GF Value™ of 円922.91. GuruFocus considers Business One Holdings to be Modestly Undervalued.

Key valuation signals for FSE:4827:

  • Cyclically Adjusted PB Ratio: 0.85 (20% below median its 10-year median of 1.06)
  • GF Value™: 円922.91 vs. price of 円822.00 (10.9% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 25% above the Real Estate median (#834 of 1412)

No single metric tells the full story. See the FSE:4827 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Business One Holdings Business Description

Address 3-16-27 Yakuin Chuo-ku, Chuo-ku Chuo Ward, 3rd floor, Fukuoka city, JPN, 810-0022
Business One Holdings Inc provides real estate management services for condominiums. The company purchases and sells real estate properties; and develops and sells software products. It also has leasing management business, finance business, software business, health business. It develops and sells evaluation software for plumbing and electrical contractors.
73GF Score

Get the complete analysis for FSE:4827

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

円822.00
Price
円922.91
GF Value