HSHZY (Hoshizaki) Cyclically Adjusted PB Ratio: 2.71 (As of Aug. 06, 2026) — 18% Below Median

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HSHZY Hoshizaki Corp HSHZY
92 GF Score
Price $9.12
GF Value $11.84
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Hoshizaki Cyclically Adjusted PB Ratio?

Hoshizaki HSHZY 92 Cyclically Adjusted PB Ratio is 2.71 as of Aug. 06, 2026, which is 18% below its 10-year median of 3.32. GuruFocus rates HSHZY with a GF Score™ of 92/100 and a GF Value™ of $11.84 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,254 Industrial Products companies, Hoshizaki ranks worse than 60.03% on this metric.

As of today (2026-08-06), Hoshizaki's current share price is $9.12. Hoshizaki's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $3.36. Hoshizaki's Cyclically Adjusted PB Ratio for today is 2.71.

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

HSHZY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.47   Med: 3.32   Max: 5.88
Current: 2.72

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.

HSHZY's Cyclically Adjusted PB Ratio is ranked worse than
60.03% of 2254 companies
in the Industrial Products industry
Industry Median: 2.065 vs HSHZY: 2.72

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 $4.446. 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 $3.36 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoshizaki  (OTCPK:HSHZY) 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

HSHZY 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.


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

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
=9.12/3.36
=2.71

* 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)
=4.446/113.0000*113.0000
=4.446

Current CPI (Dec. 2025) = 113.0000.

Hoshizaki Quarterly Data

Book Value per Share CPI Adj_Book
201603 2.618 97.900 3.022
201606 2.808 98.100 3.234
201609 3.003 98.000 3.463
201612 2.762 98.400 3.172
201703 2.837 98.100 3.268
201706 3.007 98.500 3.450
201709 3.150 98.800 3.603
201712 3.133 99.400 3.562
201803 3.298 99.200 3.757
201806 3.320 99.200 3.782
201809 3.414 99.900 3.862
201812 3.419 99.700 3.875
201903 3.476 99.700 3.940
201906 3.629 99.800 4.109
201909 3.760 100.100 4.245
201912 3.805 100.500 4.278
202003 3.790 100.300 4.270
202006 3.784 99.900 4.280
202009 3.895 99.900 4.406
202012 3.960 99.300 4.506
202103 3.861 99.900 4.367
202106 3.887 99.500 4.414
202109 3.975 100.100 4.487
202112 3.909 100.100 4.413
202203 3.859 101.100 4.313
202206 3.751 101.800 4.164
202209 3.639 103.100 3.988
202212 3.696 104.100 4.012
202303 3.827 104.400 4.142
202306 3.910 105.200 4.200
202309 3.887 106.200 4.136
202312 3.937 106.800 4.166
202403 3.947 107.200 4.161
202406 4.006 108.200 4.184
202409 4.127 108.900 4.282
202412 4.155 110.700 4.241
202503 4.140 111.100 4.211
202506 4.365 111.700 4.416
202509 4.413 112.000 4.452
202512 4.446 113.000 4.446

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 2.71 mean?
Hoshizaki (HSHZY) has a Cyclically Adjusted PB Ratio of 2.71 as of Aug. 06, 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 18% 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 #1353 out of 2254 companies in the Industrial Products industry, placing it in the top 60%.
Is Hoshizaki's Cyclically Adjusted PB Ratio too high?
Hoshizaki's current Cyclically Adjusted PB Ratio of 2.71 is 18% 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 2.07. Hoshizaki's value of 2.71 is 31.2% above this industry median. Based on the distribution chart, Hoshizaki ranks #1353 out of 2254 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 #1353 out of 2254 companies for Cyclically Adjusted PB Ratio. This places Hoshizaki in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Hoshizaki's value of 2.71 is 31.2% 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 2.07, 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 2.07, based on 2,254 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 2.71 is 31.2% 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 2.07 — 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 2.71, which is 18% 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 (HSHZY) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.84, compared to a current price of $9.12 — trading 23% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.71, which is 18% below median its 10-year median of 3.32 and 31.2% above the Industrial Products industry median of 2.07. 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 (HSHZY), the current Cyclically Adjusted PB Ratio is 2.71 as of Aug. 06, 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 (HSHZY) Overvalued in 2026?

Based on GuruFocus' analysis, Hoshizaki stock appears to be undervalued. The current stock price of $9.12 is trading 23% below its estimated GF Value™ of $11.84. GuruFocus considers Hoshizaki to be Modestly Undervalued.

Key valuation signals for HSHZY:

  • Cyclically Adjusted PB Ratio: 2.71 (18% below median its 10-year median of 3.32)
  • GF Value™: $11.84 vs. price of $9.12 (23% below fair value)
  • GF Score™: 92/100 with 1 warning sign
  • Industry Position: 31.2% above the Industrial Products median (#1353 of 2254)

No single metric tells the full story. See the HSHZY 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 HSHZY

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

$9.12
Price
$11.84
GF Value