HULCF (Hulic Co) Cyclically Adjusted PB Ratio: 1.74 (As of Jul. 24, 2026) — 10% Below Median

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HULCF Hulic Co Ltd HULCF
76 GF Score
Price $9.17
GF Value $13.50
Valuation Possible Value Trap
! 3 Warning Signs
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What is Hulic Co Cyclically Adjusted PB Ratio?

Hulic Co HULCF 76 Cyclically Adjusted PB Ratio is 1.74 as of Jul. 24, 2026, which is 10% below its 10-year median of 1.94. GuruFocus rates HULCF with a GF Score™ of 76/100 and a GF Value™ of $13.50 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,431 Real Estate companies, Hulic Co ranks worse than 85.53% on this metric.

As of today (2026-07-24), Hulic Co's current share price is $9.166. Hulic Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $5.28. Hulic Co's Cyclically Adjusted PB Ratio for today is 1.74.

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

HULCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.38   Med: 1.94   Max: 2.65
Current: 2.12

During the past years, Hulic Co's highest Cyclically Adjusted PB Ratio was 2.65. The lowest was 1.38. And the median was 1.94.

HULCF's Cyclically Adjusted PB Ratio is ranked worse than
85.53% of 1431 companies
in the Real Estate industry
Industry Median: 0.7 vs HULCF: 2.12

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.

Hulic Co's adjusted book value per share data for the three months ended in Dec. 2025 was $7.715. 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 $5.28 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hulic Co  (OTCPK:HULCF) 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.


Hulic Co Cyclically Adjusted PB Ratio Related Terms


Hulic Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hulic Co'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.

Hulic Co Cyclically Adjusted PB Ratio Chart

Hulic Co 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 2.07 1.76 2.20 1.79 2.03

Hulic Co 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 1.83 1.81 1.97 2.03 0.00

HULCF vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Hulic Co'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.


Hulic Co Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hulic Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HULCF
76GF Score
Hulic Co Ltd HULCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hulic Co 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.

Hulic Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.166/5.28
=1.74

* 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.

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

For example, Hulic Co'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)
=7.715/113.0000*113.0000
=7.715

Current CPI (Dec. 2025) = 113.0000.

Hulic Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 4.179 97.900 4.824
201606 4.535 98.100 5.224
201609 4.788 98.000 5.521
201612 4.411 98.400 5.065
201703 4.547 98.100 5.238
201706 4.856 98.500 5.571
201709 4.882 98.800 5.584
201712 5.047 99.400 5.738
201803 5.330 99.200 6.071
201806 5.397 99.200 6.148
201809 5.279 99.900 5.971
201812 5.423 99.700 6.146
201903 5.448 99.700 6.175
201906 5.854 99.800 6.628
201909 5.997 100.100 6.770
201912 6.297 100.500 7.080
202003 6.131 100.300 6.907
202006 6.386 99.900 7.223
202009 6.378 99.900 7.214
202012 7.017 99.300 7.985
202103 6.808 99.900 7.701
202106 7.035 99.500 7.989
202109 6.987 100.100 7.887
202112 7.352 100.100 8.299
202203 7.059 101.100 7.890
202206 6.446 101.800 7.155
202209 6.006 103.100 6.583
202212 6.679 104.100 7.250
202303 6.791 104.400 7.350
202306 6.763 105.200 7.264
202309 6.485 106.200 6.900
202312 6.988 106.800 7.394
202403 6.769 107.200 7.135
202406 6.636 108.200 6.930
202409 7.168 108.900 7.438
202412 7.112 110.700 7.260
202503 7.293 111.100 7.418
202506 7.732 111.700 7.822
202509 7.587 112.000 7.655
202512 7.715 113.000 7.715

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 1.74 mean?
Hulic Co (HULCF) has a Cyclically Adjusted PB Ratio of 1.74 as of Jul. 24, 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 Hulic Co and its competitors. This is 10% below median its historical median of 1.94. Over the past decade, Hulic Co's Cyclically Adjusted PB Ratio has ranged from 1.38 to 2.65. According to the industry distribution chart, Hulic Co ranks #1224 out of 1431 companies in the Real Estate industry, placing it in the top 85.5%.
Is Hulic Co's Cyclically Adjusted PB Ratio too high?
Hulic Co's current Cyclically Adjusted PB Ratio of 1.74 is 10% below median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 2.65. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.70. Hulic Co's value of 1.74 is 148.6% above this industry median. Based on the distribution chart, Hulic Co ranks #1224 out of 1431 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Hulic Co has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hulic Co's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hulic Co ranks #1224 out of 1431 companies for Cyclically Adjusted PB Ratio. This places Hulic Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.70. Hulic Co's value of 1.74 is 148.6% above this benchmark. Historically, Hulic Co's own Cyclically Adjusted PB Ratio has ranged from 1.38 to 2.65 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 0.70, Hulic Co 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.70, based on 1,431 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. Hulic Co's current Cyclically Adjusted PB Ratio of 1.74 is 148.6% 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 Hulic Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hulic Co's current Cyclically Adjusted PB Ratio is 1.74, which is 10% below median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hulic Co stock overvalued right now?
Based on GuruFocus' analysis, Hulic Co (HULCF) is currently considered Possible Value Trap. The stock's GF Value™ is $13.50, compared to a current price of $9.17 — trading 32.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.74, which is 10% below median its 10-year median of 1.94 and 148.6% above the Real Estate industry median of 0.70. Hulic Co's overall GF Score™ is 76/100 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 Hulic Co (HULCF), the current Cyclically Adjusted PB Ratio is 1.74 as of Jul. 24, 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 Hulic Co (HULCF) Overvalued in 2026?

Based on GuruFocus' analysis, Hulic Co stock appears to be undervalued. The current stock price of $9.17 is trading 32.1% below its estimated GF Value™ of $13.50. GuruFocus considers Hulic Co to be Possible Value Trap.

Key valuation signals for HULCF:

  • Cyclically Adjusted PB Ratio: 1.74 (10% below median its 10-year median of 1.94)
  • GF Value™: $13.50 vs. price of $9.17 (32.1% below fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 148.6% above the Real Estate median (#1224 of 1431)

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


Hulic Co Business Description

Other Exchanges 3003:Japan87W:Germany
Address 7-3 Nihonbashi Odenmacho, Chuo-ku, Tokyo, JPN, 103-0011
Hulic Co Ltd is a real estate developer with its core operations in real estate business such as development, reconstruction, and investment. The company operates a real estate leasing business based on ownership of numerous properties located in Tokyo 23 wards.
76GF Score

Get the complete analysis for HULCF

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

$9.17
Price
$13.50
GF Value