HOIEF (Hosiden) Cyclically Adjusted PB Ratio: 1.62 (As of Jul. 19, 2026) — 76% Above 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.

HOIEF Hosiden Corp HOIEF
82 GF Score
Price $17.43
GF Value $17.34
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Hosiden Cyclically Adjusted PB Ratio?

Hosiden HOIEF 82 Cyclically Adjusted PB Ratio is 1.62 as of Jul. 19, 2026, which is 76% above its 10-year median of 0.92. GuruFocus rates HOIEF with a GF Score™ of 82/100 and a GF Value™ of $17.34 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,286 Industrial Products companies, Hosiden ranks better than 68.24% on this metric.

As of today (2026-07-19), Hosiden's current share price is $17.43. Hosiden's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $10.73. Hosiden's Cyclically Adjusted PB Ratio for today is 1.62.

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

HOIEF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.92   Max: 1.43
Current: 1.24

During the past years, Hosiden's highest Cyclically Adjusted PB Ratio was 1.43. The lowest was 0.45. And the median was 0.92.

HOIEF's Cyclically Adjusted PB Ratio is ranked better than
68.24% of 2286 companies
in the Industrial Products industry
Industry Median: 2.115 vs HOIEF: 1.24

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.

Hosiden's adjusted book value per share data for the three months ended in Mar. 2026 was $19.231. 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 $10.73 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hosiden  (OTCPK:HOIEF) 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.


Hosiden Cyclically Adjusted PB Ratio Related Terms


Hosiden Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hosiden'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.

Hosiden Cyclically Adjusted PB Ratio Chart

Hosiden 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 0.73 0.94 1.05 0.98 1.16

Hosiden 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 0.98 1.07 1.12 1.15 1.16

HOIEF vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Hosiden'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.


Hosiden Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hosiden's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HOIEF
82GF Score
Hosiden Corp HOIEF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hosiden 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.

Hosiden's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.43/10.73
=1.62

* 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.

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

For example, Hosiden'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)
=19.231/112.7000*112.7000
=19.231

Current CPI (Mar. 2026) = 112.7000.

Hosiden Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.177 98.100 12.840
201609 11.496 98.000 13.220
201612 10.857 98.400 12.435
201703 11.418 98.100 13.117
201706 12.301 98.500 14.074
201709 12.936 98.800 14.756
201712 13.388 99.400 15.179
201803 13.796 99.200 15.673
201806 13.589 99.200 15.438
201809 13.893 99.900 15.673
201812 13.901 99.700 15.714
201903 14.485 99.700 16.374
201906 14.802 99.800 16.715
201909 15.407 100.100 17.346
201912 15.798 100.500 17.716
202003 16.010 100.300 17.989
202006 16.072 99.900 18.131
202009 16.832 99.900 18.989
202012 17.887 99.300 20.301
202103 17.802 99.900 20.083
202106 18.939 99.500 21.452
202109 19.521 100.100 21.978
202112 19.335 100.100 21.769
202203 18.343 101.100 20.448
202206 16.936 101.800 18.749
202209 16.394 103.100 17.921
202212 17.558 104.100 19.009
202303 17.798 104.400 19.213
202306 17.325 105.200 18.560
202309 17.220 106.200 18.274
202312 17.971 106.800 18.964
202403 17.415 107.200 18.308
202406 0.000 108.200 0.000
202409 18.727 108.900 19.380
202412 17.582 110.700 17.900
202503 18.499 111.100 18.765
202506 18.889 111.700 19.058
202509 18.981 112.000 19.100
202512 19.078 113.000 19.027
202603 19.231 112.700 19.231

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 1.62 mean?
Hosiden (HOIEF) has a Cyclically Adjusted PB Ratio of 1.62 as of Jul. 19, 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 Hosiden and its competitors. This is 76% above median its historical median of 0.92. Over the past decade, Hosiden's Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.43. According to the industry distribution chart, Hosiden ranks #726 out of 2286 companies in the Industrial Products industry, placing it in the top 31.8%.
Is Hosiden's Cyclically Adjusted PB Ratio too high?
Hosiden's current Cyclically Adjusted PB Ratio of 1.62 is 76% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.43. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Hosiden's value of 1.62 is 23.4% below this industry median. Based on the distribution chart, Hosiden ranks #726 out of 2286 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Hosiden has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hosiden's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hosiden ranks #726 out of 2286 companies for Cyclically Adjusted PB Ratio. This puts Hosiden in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Hosiden's value of 1.62 is 23.4% below this benchmark. Historically, Hosiden's own Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.43 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 2.12, Hosiden has consistently been below 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.12, based on 2,286 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. Hosiden's current Cyclically Adjusted PB Ratio of 1.62 is 23.4% below 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 Hosiden and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hosiden's current Cyclically Adjusted PB Ratio is 1.62, which is 76% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hosiden stock overvalued right now?
Based on GuruFocus' analysis, Hosiden (HOIEF) is currently considered Fairly Valued. The stock's GF Value™ is $17.34, compared to a current price of $17.43 — trading 0.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.62, which is 76% above median its 10-year median of 0.92 and 23.4% below the Industrial Products industry median of 2.12. Hosiden's overall GF Score™ is 82/100 with 3 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 Hosiden (HOIEF), the current Cyclically Adjusted PB Ratio is 1.62 as of Jul. 19, 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 Hosiden (HOIEF) Overvalued in 2026?

Based on GuruFocus' analysis, Hosiden stock appears to be overvalued. The current stock price of $17.43 is trading 0.5% above its estimated GF Value™ of $17.34. GuruFocus considers Hosiden to be Fairly Valued.

Key valuation signals for HOIEF:

  • Cyclically Adjusted PB Ratio: 1.62 (76% above median its 10-year median of 0.92)
  • GF Value™: $17.34 vs. price of $17.43 (0.5% above fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 23.4% below the Industrial Products median (#726 of 2286)

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


Hosiden Business Description

Other Exchanges 6804:JapanHOD:Germany
Address 4-33, Kitakyuhoji 1-Chome, Yao-City, Osaka, JPN, 581-0071
Hosiden Corp is a Japanese electronic parts and equipment manufacturer. The company offers its product through four segments, Electromechanical Components, Acoustic Components, Display Components, and Allied Equipment and Others. Its product portfolio includes connector, switch, acoustic parts, and touch panel that are also used in various electronic devices. It derives the majority of its revenues from its Electromechanical Components segment which mainly includes electrical parts.
82GF Score

Get the complete analysis for HOIEF

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

$17.43
Price
$17.34
GF Value