HAZAF (HAZAMA ANDO) Cyclically Adjusted PB Ratio: 2.26 (As of Jul. 21, 2026) — 27% Above Median

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HAZAF HAZAMA ANDO Corp HAZAF
84 GF Score
Price $7.77
GF Value $6.04
! 2 Warning Signs
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What is HAZAMA ANDO Cyclically Adjusted PB Ratio?

HAZAMA ANDO HAZAF 84 Cyclically Adjusted PB Ratio is 2.26 as of Jul. 21, 2026, which is 27% above its 10-year median of 1.78. GuruFocus rates HAZAF with a GF Score™ of 84/100 and a GF Value™ of $6.04. The stock has 2 warning signs investors should review. Among 1,361 Construction companies, HAZAMA ANDO ranks worse than 68.7% on this metric.

As of today (2026-07-21), HAZAMA ANDO's current share price is $7.77. HAZAMA ANDO's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $3.44. HAZAMA ANDO's Cyclically Adjusted PB Ratio for today is 2.26.

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

HAZAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.25   Med: 1.78   Max: 2.74
Current: 2.08

During the past years, HAZAMA ANDO's highest Cyclically Adjusted PB Ratio was 2.74. The lowest was 1.25. And the median was 1.78.

HAZAF's Cyclically Adjusted PB Ratio is ranked worse than
68.7% of 1361 companies
in the Construction industry
Industry Median: 1.18 vs HAZAF: 2.08

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.

HAZAMA ANDO's adjusted book value per share data for the three months ended in Mar. 2026 was $8.366. 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 $3.44 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


HAZAMA ANDO  (OTCPK:HAZAF) 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.


HAZAMA ANDO Cyclically Adjusted PB Ratio Related Terms


HAZAMA ANDO Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for HAZAMA ANDO'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.

HAZAMA ANDO Cyclically Adjusted PB Ratio Chart

HAZAMA ANDO 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 1.67 1.40 1.73 1.76 2.26

HAZAMA ANDO 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 1.76 1.82 2.05 2.24 2.26

HAZAF vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, HAZAMA ANDO'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.


HAZAMA ANDO Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, HAZAMA ANDO's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HAZAF
84GF Score
HAZAMA ANDO Corp HAZAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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HAZAMA ANDO 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.

HAZAMA ANDO's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.77/3.44
=2.26

* 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.

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

For example, HAZAMA ANDO'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)
=8.366/112.7000*112.7000
=8.366

Current CPI (Mar. 2026) = 112.7000.

HAZAMA ANDO Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.931 98.100 4.516
201609 4.442 98.000 5.108
201612 4.329 98.400 4.958
201703 4.795 98.100 5.509
201706 4.994 98.500 5.714
201709 5.461 98.800 6.229
201712 5.540 99.400 6.281
201803 6.146 99.200 6.982
201806 5.880 99.200 6.680
201809 5.799 99.900 6.542
201812 5.740 99.700 6.488
201903 5.981 99.700 6.761
201906 6.052 99.800 6.834
201909 6.386 100.100 7.190
201912 6.361 100.500 7.133
202003 6.547 100.300 7.356
202006 6.595 99.900 7.440
202009 6.971 99.900 7.864
202012 7.190 99.300 8.160
202103 7.197 99.900 8.119
202106 7.124 99.500 8.069
202109 7.395 100.100 8.326
202112 7.128 100.100 8.025
202203 7.033 101.100 7.840
202206 6.299 101.800 6.973
202209 6.060 103.100 6.624
202212 6.409 104.100 6.938
202303 6.717 104.400 7.251
202306 6.375 105.200 6.829
202309 6.188 106.200 6.567
202312 6.268 106.800 6.614
202403 6.544 107.200 6.880
202406 0.000 108.200 0.000
202409 7.045 108.900 7.291
202412 6.752 110.700 6.874
202503 7.327 111.100 7.433
202506 7.514 111.700 7.581
202509 7.908 112.000 7.957
202512 7.676 113.000 7.656
202603 8.366 112.700 8.366

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 2.26 mean?
HAZAMA ANDO (HAZAF) has a Cyclically Adjusted PB Ratio of 2.26 as of Jul. 21, 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 HAZAMA ANDO and its competitors. This is 27% above median its historical median of 1.78. Over the past decade, HAZAMA ANDO's Cyclically Adjusted PB Ratio has ranged from 1.25 to 2.74. According to the industry distribution chart, HAZAMA ANDO ranks #935 out of 1361 companies in the Construction industry, placing it in the top 68.7%.
Is HAZAMA ANDO's Cyclically Adjusted PB Ratio too high?
HAZAMA ANDO's current Cyclically Adjusted PB Ratio of 2.26 is 27% above median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 2.74. The Construction industry median Cyclically Adjusted PB Ratio is 1.18. HAZAMA ANDO's value of 2.26 is 91.5% above this industry median. Based on the distribution chart, HAZAMA ANDO ranks #935 out of 1361 companies in the Construction industry, which is below the industry midpoint. Overall, HAZAMA ANDO has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does HAZAMA ANDO's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, HAZAMA ANDO ranks #935 out of 1361 companies for Cyclically Adjusted PB Ratio. This places HAZAMA ANDO in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. HAZAMA ANDO's value of 2.26 is 91.5% above this benchmark. Historically, HAZAMA ANDO's own Cyclically Adjusted PB Ratio has ranged from 1.25 to 2.74 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 1.18, HAZAMA ANDO 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.18, based on 1,361 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. HAZAMA ANDO's current Cyclically Adjusted PB Ratio of 2.26 is 91.5% 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 HAZAMA ANDO and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAZAMA ANDO's current Cyclically Adjusted PB Ratio is 2.26, which is 27% above median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAZAMA ANDO stock overvalued right now?
HAZAMA ANDO (HAZAF) has a current Cyclically Adjusted PB Ratio of 2.26. The stock's GF Value™ is $6.04, compared to a current price of $7.77 — trading 28.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.26, which is 27% above median its 10-year median of 1.78 and 91.5% above the Construction industry median of 1.18. HAZAMA ANDO's overall GF Score™ is 84/100 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 HAZAMA ANDO (HAZAF), the current Cyclically Adjusted PB Ratio is 2.26 as of Jul. 21, 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 HAZAMA ANDO (HAZAF) Overvalued in 2026?

Based on GuruFocus' analysis, HAZAMA ANDO stock appears to be overvalued. The current stock price of $7.77 is trading 28.6% above its estimated GF Value™ of $6.04.

Key valuation signals for HAZAF:

  • Cyclically Adjusted PB Ratio: 2.26 (27% above median its 10-year median of 1.78)
  • GF Value™: $6.04 vs. price of $7.77 (28.6% above fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 91.5% above the Construction median (#935 of 1361)

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


HAZAMA ANDO Business Description

Other Exchanges 1719:Japan2PW:Germany
Address No. 20, No. 1 Minato-ku, Akasaka 6-chome, Tokyo, JPN, 107-8658
HAZAMA ANDO Corp is a Japanese company which is mainly engaged in construction and construction-related business. The company has three reportable segments namely Civil Engineering, Building Construction and Consolidated Subsidiaries. The Civil Engineering services include surveys, measurements, planning, designing, execution, supervising, technical guidance commissioning, and consulting work. It also provides collection, handling, and disposal of waste, and consulting work relating to such business as well as an area development, urban development, and environmental improvements. The majority of the company's revenue comes from the domestic business in Japan.
84GF Score

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

$7.77
Price
$6.04
GF Value