Musashino Kogyo Co (FSE:9635) Cyclically Adjusted PB Ratio: (As of Sep. 13, 2026)

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FSE:9635 Musashino Kogyo Co Ltd FSE:9635
62 GF Score
Price 円2,551.00
GF Value 円2,087.44
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Musashino Kogyo Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Musashino Kogyo Co  (FSE:9635) 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.


Musashino Kogyo Co Cyclically Adjusted PB Ratio Related Terms


Musashino Kogyo Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Musashino Kogyo Co'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.

Musashino Kogyo Co Cyclically Adjusted PB Ratio Chart

Musashino Kogyo Co 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 0.63 0.57 0.57 0.56 0.66

Musashino Kogyo Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 0.56 0.60 0.59 0.66 0.00

FSE:9635 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Musashino Kogyo 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.


Musashino Kogyo Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


FSE:9635
62GF Score
Musashino Kogyo Co Ltd FSE:9635
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Musashino Kogyo Co 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.

Musashino Kogyo Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Musashino Kogyo Co'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)
=3802.485/330.2130*330.2130
=3,802.485

Current CPI (Mar. 2026) = 330.2130.

Musashino Kogyo Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 3,208.775 236.525 4,479.777
201603 3,295.552 238.132 4,569.878
201606 3,313.587 241.018 4,539.866
201609 3,322.438 241.428 4,544.263
201612 3,339.959 241.432 4,568.151
201703 3,370.640 243.801 4,565.318
201706 3,396.664 244.955 4,578.892
201709 3,386.631 246.819 4,530.889
201712 3,419.053 246.524 4,579.740
201803 3,471.766 249.554 4,593.885
201806 3,595.485 251.989 4,711.618
201809 3,587.486 252.439 4,692.756
201812 3,594.870 251.233 4,724.988
201903 3,588.563 254.202 4,661.608
201906 3,607.739 256.143 4,651.005
201909 3,608.825 256.759 4,641.243
201912 3,600.948 256.974 4,627.238
202003 3,538.347 258.115 4,526.696
202006 3,525.073 257.797 4,515.277
202009 3,540.788 260.280 4,492.140
202012 3,555.213 260.474 4,507.082
202103 3,332.365 264.877 4,154.344
202106 3,338.141 271.696 4,057.099
202109 3,341.784 274.310 4,022.823
202112 3,342.911 278.802 3,959.343
202203 3,380.044 287.504 3,882.153
202206 3,374.698 296.311 3,760.809
202209 3,358.694 296.808 3,736.707
202212 3,351.693 296.797 3,729.056
202303 3,419.160 301.836 3,740.611
202306 3,415.044 305.109 3,696.030
202309 3,406.854 307.789 3,655.061
202312 3,416.204 306.746 3,677.554
202403 3,424.816 312.332 3,620.887
202409 3,443.175 315.301 3,606.018
202503 3,456.305 319.799 3,568.857
202506 3,467.393 322.561 3,549.649
202509 3,769.858 324.800 3,832.685
202512 3,769.543 324.054 3,841.187
202603 3,802.485 330.213 3,802.485

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 Musashino Kogyo Co (FSE:9635) Overvalued in 2026?

Based on GuruFocus' analysis, Musashino Kogyo Co stock appears to be overvalued. The current stock price of 円2,551.00 is trading 22.2% above its estimated GF Value™ of 円2,087.44. GuruFocus considers Musashino Kogyo Co to be Modestly Overvalued.

Key valuation signals for FSE:9635:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円2,087.44 vs. price of 円2,551.00 (22.2% above fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the FSE:9635 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Musashino Kogyo Co Business Description

Other Exchanges 9635:Japan
Address 3-36-6 Shinjuku, Shinjuku-ku, Tokyo, JPN
Musashino Kogyo Co Ltd is a real estate company which manages land and buildings. The company invests in real estate properties. In addition, the company is engaged in the distribution and operation of cinema kiosks. The reportable segments are the four divisions consisting of Automobile Training Business, Automobile Training Business, and Trading Business.
62GF Score

Get the complete analysis for FSE:9635

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

円2,551.00
Price
円2,087.44
GF Value