HSHZY (Hoshizaki) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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.
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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.

HSHZY Hoshizaki Corp HSHZY
93 GF Score
Price $8.99
GF Value $10.53
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Hoshizaki Cyclically Adjusted PB Ratio?

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 2.96 2.45 2.27 2.82 2.11

Hoshizaki 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 2.28 2.37 2.14 2.12 2.00

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
93GF Score
Hoshizaki Corp HSHZY
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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hoshizaki's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.68/113.6000*113.6000
=4.680

Current CPI (Jun. 2026) = 113.6000.

Hoshizaki Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.061 98.000 3.548
201612 2.770 98.400 3.198
201703 2.901 98.100 3.359
201706 2.996 98.500 3.455
201709 3.129 98.800 3.598
201712 3.170 99.400 3.623
201803 3.320 99.200 3.802
201806 3.323 99.200 3.805
201809 3.394 99.900 3.859
201812 3.516 99.700 4.006
201903 3.511 99.700 4.000
201906 3.661 99.800 4.167
201909 3.764 100.100 4.272
201912 3.844 100.500 4.345
202003 3.804 100.300 4.308
202006 3.797 99.900 4.318
202009 3.922 99.900 4.460
202012 4.007 99.300 4.584
202103 3.826 99.900 4.351
202106 3.885 99.500 4.436
202109 3.953 100.100 4.486
202112 3.895 100.100 4.420
202203 3.802 101.100 4.272
202206 3.731 101.800 4.163
202209 3.635 103.100 4.005
202212 3.826 104.100 4.175
202303 3.889 104.400 4.232
202306 3.873 105.200 4.182
202309 3.903 106.200 4.175
202312 4.075 106.800 4.334
202403 4.022 107.200 4.262
202406 4.129 108.200 4.335
202409 4.326 108.900 4.513
202412 4.281 110.700 4.393
202503 4.347 111.100 4.445
202506 4.598 111.700 4.676
202509 4.654 112.000 4.720
202512 4.662 113.000 4.687
202603 4.656 112.700 4.693
202606 4.680 113.600 4.680

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.

Is Hoshizaki (HSHZY) Overvalued in 2026?

Based on GuruFocus' analysis, Hoshizaki stock appears to be undervalued. The current stock price of $8.99 is trading 14.7% below its estimated GF Value™ of $10.53. GuruFocus considers Hoshizaki to be Modestly Undervalued.

Key valuation signals for HSHZY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $10.53 vs. price of $8.99 (14.7% below fair value)
  • GF Score™: 93/100 with 2 warning signs

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.
93GF 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.

$8.99
Price
$10.53
GF Value