HSHIF (Hoshizaki) Cyclically Adjusted PB Ratio: 2.61 (As of Jul. 16, 2026) — 21% Below Median

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HSHIF Hoshizaki Corp HSHIF
92 GF Score
Price $33.13
GF Value $44.53
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Hoshizaki Cyclically Adjusted PB Ratio?

Hoshizaki HSHIF 92 Cyclically Adjusted PB Ratio is 2.61 as of Jul. 16, 2026, which is 21% below its 10-year median of 3.32. GuruFocus rates HSHIF with a GF Score™ of 92/100 and a GF Value™ of $44.53 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,291 Industrial Products companies, Hoshizaki ranks worse than 57.57% on this metric.

As of today (2026-07-16), Hoshizaki's current share price is $33.13. Hoshizaki's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $12.68. Hoshizaki's Cyclically Adjusted PB Ratio for today is 2.61.

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

HSHIF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.47   Med: 3.32   Max: 5.88
Current: 2.77

During the past years, Hoshizaki's highest Cyclically Adjusted PB Ratio was 5.88. The lowest was 2.47. And the median was 3.32.

HSHIF's Cyclically Adjusted PB Ratio is ranked worse than
57.57% of 2291 companies
in the Industrial Products industry
Industry Median: 2.21 vs HSHIF: 2.77

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.

Hoshizaki's adjusted book value per share data for the three months ended in Dec. 2025 was $17.784. 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 $12.68 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoshizaki  (OTCPK:HSHIF) 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.


Hoshizaki Cyclically Adjusted PB Ratio Related Terms


Hoshizaki Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hoshizaki'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.

Hoshizaki Cyclically Adjusted PB Ratio Chart

Hoshizaki 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 3.26 3.13 3.14 3.42 2.61

Hoshizaki 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 3.09 2.61 2.86 2.61 0.00

HSHIF vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Hoshizaki'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.


Hoshizaki Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


HSHIF
92GF Score
Hoshizaki Corp HSHIF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hoshizaki 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.13/12.68
=2.61

* 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.

Hoshizaki's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Hoshizaki's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=17.784/113.0000*113.0000
=17.784

Current CPI (Dec. 2025) = 113.0000.

Hoshizaki Quarterly Data

Book Value per Share CPI Adj_Book
201603 10.471 97.900 12.086
201606 11.230 98.100 12.936
201609 12.011 98.000 13.849
201612 11.046 98.400 12.685
201703 11.347 98.100 13.070
201706 12.029 98.500 13.800
201709 12.600 98.800 14.411
201712 12.531 99.400 14.246
201803 13.191 99.200 15.026
201806 13.281 99.200 15.129
201809 13.657 99.900 15.448
201812 13.676 99.700 15.500
201903 13.902 99.700 15.757
201906 14.515 99.800 16.435
201909 15.039 100.100 16.977
201912 15.221 100.500 17.114
202003 15.159 100.300 17.078
202006 15.134 99.900 17.119
202009 15.580 99.900 17.623
202012 15.841 99.300 18.027
202103 15.445 99.900 17.470
202106 15.550 99.500 17.660
202109 15.898 100.100 17.947
202112 15.636 100.100 17.651
202203 15.435 101.100 17.252
202206 15.005 101.800 16.656
202209 14.557 103.100 15.955
202212 14.785 104.100 16.049
202303 15.306 104.400 16.567
202306 15.642 105.200 16.802
202309 15.548 106.200 16.544
202312 15.748 106.800 16.662
202403 15.787 107.200 16.641
202406 16.025 108.200 16.736
202409 16.506 108.900 17.127
202412 16.620 110.700 16.965
202503 16.559 111.100 16.842
202506 17.462 111.700 17.665
202509 17.652 112.000 17.810
202512 17.784 113.000 17.784

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 2.61 mean?
Hoshizaki (HSHIF) has a Cyclically Adjusted PB Ratio of 2.61 as of Jul. 16, 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 Hoshizaki and its competitors. This is 21% below median its historical median of 3.32. Over the past decade, Hoshizaki's Cyclically Adjusted PB Ratio has ranged from 2.47 to 5.88. According to the industry distribution chart, Hoshizaki ranks #1319 out of 2291 companies in the Industrial Products industry, placing it in the top 57.6%.
Is Hoshizaki's Cyclically Adjusted PB Ratio too high?
Hoshizaki's current Cyclically Adjusted PB Ratio of 2.61 is 21% below median its 10-year median of 3.32. Over the past 10 years, this metric has ranged from a low of 2.47 to a high of 5.88. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.21. Hoshizaki's value of 2.61 is 18.1% above this industry median. Based on the distribution chart, Hoshizaki ranks #1319 out of 2291 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Hoshizaki has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoshizaki's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Hoshizaki ranks #1319 out of 2291 companies for Cyclically Adjusted PB Ratio. This places Hoshizaki in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.21. Hoshizaki's value of 2.61 is 18.1% above this benchmark. Historically, Hoshizaki's own Cyclically Adjusted PB Ratio has ranged from 2.47 to 5.88 over the past decade. While the company's 10-year median is 3.32 vs. the industry median of 2.21, Hoshizaki 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.21, based on 2,291 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. Hoshizaki's current Cyclically Adjusted PB Ratio of 2.61 is 18.1% 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 Hoshizaki and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoshizaki's current Cyclically Adjusted PB Ratio is 2.61, which is 21% below median its own 10-year median of 3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoshizaki stock overvalued right now?
Based on GuruFocus' analysis, Hoshizaki (HSHIF) is currently considered Modestly Undervalued. The stock's GF Value™ is $44.53, compared to a current price of $33.13 — trading 25.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.61, which is 21% below median its 10-year median of 3.32 and 18.1% above the Industrial Products industry median of 2.21. Hoshizaki's overall GF Score™ is 92/100 with 1 warning sign 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 Hoshizaki (HSHIF), the current Cyclically Adjusted PB Ratio is 2.61 as of Jul. 16, 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 Hoshizaki (HSHIF) Overvalued in 2026?

Based on GuruFocus' analysis, Hoshizaki stock appears to be undervalued. The current stock price of $33.13 is trading 25.6% below its estimated GF Value™ of $44.53. GuruFocus considers Hoshizaki to be Modestly Undervalued.

Key valuation signals for HSHIF:

  • Cyclically Adjusted PB Ratio: 2.61 (21% below median its 10-year median of 3.32)
  • GF Value™: $44.53 vs. price of $33.13 (25.6% below fair value)
  • GF Score™: 92/100 with 1 warning sign
  • Industry Position: 18.1% above the Industrial Products median (#1319 of 2291)

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


Hoshizaki Business Description

Address 3-16 Minamikan, Sakaemachi, Aichi Prefecture, Toyoake, JPN, 470-1194
Hoshizaki manufactures and sells commercial food service equipment globally. The company's main products include refrigerators, ice machines, dishwashers, beer dispensers, and hygiene control equipment. Its products are used mainly in restaurants, supermarkets, cafeterias, and the agro-fishery industry. The company was formerly known as Hoshizaki Electric and changed its name to Hoshizaki Corp. in 2016. Founded in 1947, Hoshizaki's headquarters are in Toyoake (Aichi prefecture), Japan.
92GF Score

Get the complete analysis for HSHIF

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

$33.13
Price
$44.53
GF Value