HLOSF (Healios KK) Cyclically Adjusted PB Ratio: 1.89 (As of Jul. 18, 2026) — Near 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.

HLOSF Healios KK HLOSF
56 GF Score
Price $1.80
GF Value $0.33
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Healios KK Cyclically Adjusted PB Ratio?

Healios KK HLOSF 56 Cyclically Adjusted PB Ratio is 1.89 as of Jul. 18, 2026, which is 6% below its 10-year median of 2.00. GuruFocus rates HLOSF with a GF Score™ of 56/100 and a GF Value™ of $0.33 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 697 Biotechnology companies, Healios KK ranks better than 50.65% on this metric.

As of today (2026-07-18), Healios KK's current share price is $1.80. Healios KK's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.95. Healios KK's Cyclically Adjusted PB Ratio for today is 1.89.

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

HLOSF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 2   Max: 3.96
Current: 1.6

During the past years, Healios KK's highest Cyclically Adjusted PB Ratio was 3.96. The lowest was 0.93. And the median was 2.00.

HLOSF's Cyclically Adjusted PB Ratio is ranked better than
50.65% of 697 companies
in the Biotechnology industry
Industry Median: 1.63 vs HLOSF: 1.60

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.

Healios KK's adjusted book value per share data for the three months ended in Mar. 2026 was $0.352. 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 $0.95 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Healios KK  (OTCPK:HLOSF) 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.


Healios KK Cyclically Adjusted PB Ratio Related Terms


Healios KK Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Healios KK'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.

Healios KK Cyclically Adjusted PB Ratio Chart

Healios KK 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 0.00 0.00 0.00 0.96 1.64

Healios KK 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 1.49 2.60 3.05 1.64 2.30

HLOSF vs VRTX, REGN, ALNY: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Healios KK'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.


Healios KK Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Healios KK's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HLOSF
56GF Score
Healios KK HLOSF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Healios KK 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.

Healios KK's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.80/0.95
=1.89

* 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.

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

For example, Healios KK'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)
=0.352/112.7000*112.7000
=0.352

Current CPI (Mar. 2026) = 112.7000.

Healios KK Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.572 98.100 1.806
201609 1.517 98.000 1.745
201612 1.263 98.400 1.447
201703 1.587 98.100 1.823
201706 2.593 98.500 2.967
201709 2.575 98.800 2.937
201712 2.914 99.400 3.304
201803 3.002 99.200 3.411
201806 2.425 99.200 2.755
201809 2.279 99.900 2.571
201812 2.600 99.700 2.939
201903 1.823 99.700 2.061
201906 1.721 99.800 1.943
201909 1.873 100.100 2.109
201912 2.205 100.500 2.473
202003 2.415 100.300 2.714
202006 2.123 99.900 2.395
202009 1.744 99.900 1.967
202012 1.463 99.300 1.660
202103 1.267 99.900 1.429
202106 1.000 99.500 1.133
202109 1.737 100.100 1.956
202112 1.376 100.100 1.549
202203 1.037 101.100 1.156
202206 0.604 101.800 0.669
202209 0.542 103.100 0.592
202212 0.514 104.100 0.556
202303 0.453 104.400 0.489
202306 0.360 105.200 0.386
202309 0.508 106.200 0.539
202312 0.359 106.800 0.379
202403 0.274 107.200 0.288
202406 0.228 108.200 0.237
202409 0.133 108.900 0.138
202412 0.149 110.700 0.152
202503 0.129 111.100 0.131
202506 0.079 111.700 0.080
202509 0.172 112.000 0.173
202512 0.271 113.000 0.270
202603 0.352 112.700 0.352

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 1.89 mean?
Healios KK (HLOSF) has a Cyclically Adjusted PB Ratio of 1.89 as of Jul. 18, 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 Healios KK and its competitors. This is near median its historical median of 2.00. Over the past decade, Healios KK's Cyclically Adjusted PB Ratio has ranged from 0.93 to 3.96. According to the industry distribution chart, Healios KK ranks #344 out of 697 companies in the Biotechnology industry, placing it in the top 49.4%.
Is Healios KK's Cyclically Adjusted PB Ratio too high?
Healios KK's current Cyclically Adjusted PB Ratio of 1.89 is near median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 3.96. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.63. Healios KK's value of 1.89 is 16% above this industry median. Based on the distribution chart, Healios KK ranks #344 out of 697 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Healios KK has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Healios KK's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Healios KK ranks #344 out of 697 companies for Cyclically Adjusted PB Ratio. This puts Healios KK in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.63. Healios KK's value of 1.89 is 16% above this benchmark. Historically, Healios KK's own Cyclically Adjusted PB Ratio has ranged from 0.93 to 3.96 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 1.63, Healios KK 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 Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.63, 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. Healios KK's current Cyclically Adjusted PB Ratio of 1.89 is 16% 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 Healios KK and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Healios KK's current Cyclically Adjusted PB Ratio is 1.89, which is near median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Healios KK stock overvalued right now?
Based on GuruFocus' analysis, Healios KK (HLOSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.33, compared to a current price of $1.80 — trading 445.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.89, which is near median its 10-year median of 2.00 and 16% above the Biotechnology industry median of 1.63. Healios KK's overall GF Score™ is 56/100 with 5 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 Healios KK (HLOSF), the current Cyclically Adjusted PB Ratio is 1.89 as of Jul. 18, 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 Healios KK (HLOSF) Overvalued in 2026?

Based on GuruFocus' analysis, Healios KK stock appears to be overvalued. The current stock price of $1.80 is trading 445.5% above its estimated GF Value™ of $0.33. GuruFocus considers Healios KK to be Significantly Overvalued.

Key valuation signals for HLOSF:

  • Cyclically Adjusted PB Ratio: 1.89 (near median its 10-year median of 2.00)
  • GF Value™: $0.33 vs. price of $1.80 (445.5% above fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 16% above the Biotechnology median (#344 of 697)

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


Healios KK Business Description

Other Exchanges 4593:Japan6VX:Germany
Address 1-1-2 Yurakucho, Hibiya Mitsui Tower 12Floor, Work Styling, Chiyoda-ku, Tokyo, JPN, 100-0006
Healios KK is involved in development and sales of opthalmological surgery adjuvants and research, development and manufacture of cell therapy products and regenerative medicine products. The company is developing treatments for age-related macular degeneration and organ anlage transplantation therapy. The company develops next-generation cell therapies using a proprietary gene-edited induced pluripotent stem cell (iPSC) platform, with programs targeting immuno-oncology, ophthalmology, liver diseases, ischemic stroke, and acute respiratory distress syndrome.
56GF Score

Get the complete analysis for HLOSF

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

$1.80
Price
$0.33
GF Value