HKUOF (Hakuhodo DY Holdings) Cyclically Adjusted PB Ratio: 1.04 (As of Aug. 12, 2026) — 44% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKUOF Hakuhodo DY Holdings Inc HKUOF
80 GF Score
Price $7.02
GF Value $6.20
! 4 Warning Signs
View Full Analysis

What is Hakuhodo DY Holdings Cyclically Adjusted PB Ratio?

Hakuhodo DY Holdings HKUOF -1.67% 80 Cyclically Adjusted PB Ratio is 1.04 as of Aug. 12, 2026, which is 44% below its 10-year median of 1.87. GuruFocus rates HKUOF with a GF Score™ of 80/100 and a GF Value™ of $6.20. The stock has 4 warning signs investors should review. Among 697 Media - Diversified companies, Hakuhodo DY Holdings ranks worse than 58.54% on this metric.

As of today (2026-08-12), Hakuhodo DY Holdings's current share price is $7.02. Hakuhodo DY Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $6.77. Hakuhodo DY Holdings's Cyclically Adjusted PB Ratio for today is 1.04.

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

HKUOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.03   Med: 1.87   Max: 3.04
Current: 1.26

During the past years, Hakuhodo DY Holdings's highest Cyclically Adjusted PB Ratio was 3.04. The lowest was 1.03. And the median was 1.87.

HKUOF's Cyclically Adjusted PB Ratio is ranked worse than
58.54% of 697 companies
in the Media - Diversified industry
Industry Median: 0.96 vs HKUOF: 1.26

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.

Hakuhodo DY Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was $6.830. 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 $6.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hakuhodo DY Holdings  (OTCPK:HKUOF) 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.


Hakuhodo DY Holdings Cyclically Adjusted PB Ratio Related Terms


Hakuhodo DY Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hakuhodo DY 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.

Hakuhodo DY Holdings Cyclically Adjusted PB Ratio Chart

Hakuhodo DY 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 2.01 1.80 1.56 1.13 1.04

Hakuhodo DY 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 1.24 1.22 1.18 1.04 0.00

HKUOF vs APP, OMC, TTD: Cyclically Adjusted PB Ratio Comparison

For the Advertising Agencies subindustry, Hakuhodo DY 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.


Hakuhodo DY Holdings Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hakuhodo DY Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HKUOF
80GF Score
Hakuhodo DY Holdings Inc HKUOF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hakuhodo DY 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.

Hakuhodo DY Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.02/6.77
=1.04

* 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.

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

For example, Hakuhodo DY 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)
=6.83/112.7000*112.7000
=6.830

Current CPI (Mar. 2026) = 112.7000.

Hakuhodo DY Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.861 98.100 7.882
201609 7.307 98.000 8.403
201612 6.593 98.400 7.551
201703 7.248 98.100 8.327
201706 7.403 98.500 8.470
201709 7.757 98.800 8.848
201712 7.987 99.400 9.056
201803 8.689 99.200 9.871
201806 8.764 99.200 9.957
201809 6.979 99.900 7.873
201812 6.224 99.700 7.036
201903 6.813 99.700 7.701
201906 6.985 99.800 7.888
201909 6.997 100.100 7.878
201912 7.290 100.500 8.175
202003 7.202 100.300 8.092
202006 7.220 99.900 8.145
202009 7.561 99.900 8.530
202012 7.821 99.300 8.876
202103 8.145 99.900 9.189
202106 8.249 99.500 9.343
202109 8.742 100.100 9.842
202112 8.398 100.100 9.455
202203 8.082 101.100 9.009
202206 7.060 101.800 7.816
202209 6.905 103.100 7.548
202212 7.427 104.100 8.041
202303 7.382 104.400 7.969
202306 6.970 105.200 7.467
202309 6.704 106.200 7.114
202312 6.992 106.800 7.378
202403 7.003 107.200 7.362
202406 6.635 108.200 6.911
202409 7.391 108.900 7.649
202412 6.679 110.700 6.800
202503 7.129 111.100 7.232
202506 7.213 111.700 7.278
202509 7.086 112.000 7.130
202512 6.804 113.000 6.786
202603 6.830 112.700 6.830

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 1.04 mean?
Hakuhodo DY Holdings (HKUOF) has a Cyclically Adjusted PB Ratio of 1.04 as of Aug. 12, 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 Hakuhodo DY Holdings and its competitors. This is 44% below median its historical median of 1.87. Over the past decade, Hakuhodo DY Holdings' Cyclically Adjusted PB Ratio has ranged from 1.03 to 3.04. According to the industry distribution chart, Hakuhodo DY Holdings ranks #408 out of 697 companies in the Media - Diversified industry, placing it in the top 58.5%.
Is Hakuhodo DY Holdings' Cyclically Adjusted PB Ratio too high?
Hakuhodo DY Holdings' current Cyclically Adjusted PB Ratio of 1.04 is 44% below median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 3.04. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.96. Hakuhodo DY Holdings' value of 1.04 is 8.3% above this industry median. Based on the distribution chart, Hakuhodo DY Holdings ranks #408 out of 697 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Hakuhodo DY Holdings has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Hakuhodo DY Holdings' Cyclically Adjusted PB Ratio compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Hakuhodo DY Holdings ranks #408 out of 697 companies for Cyclically Adjusted PB Ratio. This places Hakuhodo DY Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.96. Hakuhodo DY Holdings' value of 1.04 is 8.3% above this benchmark. Historically, Hakuhodo DY Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.03 to 3.04 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 0.96, Hakuhodo DY 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.96, based on 697 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. Hakuhodo DY Holdings's current Cyclically Adjusted PB Ratio of 1.04 is 8.3% 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 Hakuhodo DY Holdings and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hakuhodo DY Holdings's current Cyclically Adjusted PB Ratio is 1.04, which is 44% below median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hakuhodo DY Holdings stock overvalued right now?
Hakuhodo DY Holdings (HKUOF) has a current Cyclically Adjusted PB Ratio of 1.04. The stock's GF Value™ is $6.20, compared to a current price of $7.02 — trading 13.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.04, which is 44% below median its 10-year median of 1.87 and 8.3% above the Media - Diversified industry median of 0.96. Hakuhodo DY Holdings' overall GF Score™ is 80/100 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 Hakuhodo DY Holdings (HKUOF), the current Cyclically Adjusted PB Ratio is 1.04 as of Aug. 12, 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 Hakuhodo DY Holdings (HKUOF) Overvalued in 2026?

Based on GuruFocus' analysis, Hakuhodo DY Holdings stock appears to be overvalued. The current stock price of $7.02 is trading 13.2% above its estimated GF Value™ of $6.20.

Key valuation signals for HKUOF:

  • Cyclically Adjusted PB Ratio: 1.04 (44% below median its 10-year median of 1.87)
  • GF Value™: $6.20 vs. price of $7.02 (13.2% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 8.3% above the Media - Diversified median (#408 of 697)

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


Hakuhodo DY Holdings Business Description

Other Exchanges HKUOY:USA2433:Japan
Address 5-3-1 Akasaka, Minato-ku, Tokyo, JPN, 107-6320
Hakuhodo is the second-largest advertising agency in Japan, and one of the oldest advertising agencies, founded in 1895. Over the years, Hakuhodo has acquired many international companies, and overseas revenue currently accounts for 15% of total sales.
80GF Score

Get the complete analysis for HKUOF

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

$7.02
Price
$6.20
GF Value