MITEF (Mitsubishi Estate Co) Cyclically Adjusted PB Ratio: 2.40 (As of Jul. 16, 2026) — 37% Above Median

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MITEF Mitsubishi Estate Co Ltd MITEF
78 GF Score
Price $25.15
GF Value $17.58
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Mitsubishi Estate Co Cyclically Adjusted PB Ratio?

Mitsubishi Estate Co MITEF 78 Cyclically Adjusted PB Ratio is 2.40 as of Jul. 16, 2026, which is 37% above its 10-year median of 1.75. GuruFocus rates MITEF with a GF Score™ of 78/100 and a GF Value™ of $17.58 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,437 Real Estate companies, Mitsubishi Estate Co ranks worse than 87.89% on this metric.

As of today (2026-07-16), Mitsubishi Estate Co's current share price is $25.15. Mitsubishi Estate Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $10.48. Mitsubishi Estate Co's Cyclically Adjusted PB Ratio for today is 2.40.

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

MITEF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22   Med: 1.75   Max: 3.26
Current: 2.6

During the past years, Mitsubishi Estate Co's highest Cyclically Adjusted PB Ratio was 3.26. The lowest was 1.22. And the median was 1.75.

MITEF's Cyclically Adjusted PB Ratio is ranked worse than
87.89% of 1437 companies
in the Real Estate industry
Industry Median: 0.71 vs MITEF: 2.60

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.

Mitsubishi Estate Co's adjusted book value per share data for the three months ended in Mar. 2026 was $14.048. 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 $10.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsubishi Estate Co  (OTCPK:MITEF) 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.


Mitsubishi Estate Co Cyclically Adjusted PB Ratio Related Terms


Mitsubishi Estate Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mitsubishi Estate 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.

Mitsubishi Estate Co Cyclically Adjusted PB Ratio Chart

Mitsubishi Estate Co 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 1.54 1.22 1.98 1.59 2.63

Mitsubishi Estate 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 1.59 1.73 2.15 2.36 2.63

Mitsubishi Estate Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Mitsubishi Estate 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.


Mitsubishi Estate Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


MITEF
78GF Score
Mitsubishi Estate Co Ltd MITEF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsubishi Estate 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.15/10.48
=2.40

* 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.

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

For example, Mitsubishi Estate Co'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)
=14.048/112.7000*112.7000
=14.048

Current CPI (Mar. 2026) = 112.7000.

Mitsubishi Estate Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.211 98.100 11.731
201609 10.634 98.000 12.229
201612 9.572 98.400 10.963
201703 10.168 98.100 11.681
201706 10.374 98.500 11.870
201709 10.595 98.800 12.086
201712 10.703 99.400 12.135
201803 11.540 99.200 13.110
201806 11.048 99.200 12.552
201809 11.196 99.900 12.631
201812 11.147 99.700 12.600
201903 11.478 99.700 12.975
201906 11.756 99.800 13.276
201909 11.766 100.100 13.247
201912 11.699 100.500 13.119
202003 12.037 100.300 13.525
202006 11.996 99.900 13.533
202009 12.412 99.900 14.002
202012 12.861 99.300 14.597
202103 12.729 99.900 14.360
202106 12.844 99.500 14.548
202109 13.030 100.100 14.670
202112 12.613 100.100 14.201
202203 12.774 101.100 14.240
202206 11.724 101.800 12.979
202209 11.352 103.100 12.409
202212 12.254 104.100 13.266
202303 12.454 104.400 13.444
202306 11.989 105.200 12.844
202309 12.002 106.200 12.737
202312 12.424 106.800 13.110
202403 12.657 107.200 13.306
202406 12.201 108.200 12.708
202409 13.883 108.900 14.367
202412 12.478 110.700 12.703
202503 13.804 111.100 14.003
202506 14.038 111.700 14.164
202509 13.809 112.000 13.895
202512 13.405 113.000 13.369
202603 14.048 112.700 14.048

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 2.40 mean?
Mitsubishi Estate Co (MITEF) has a Cyclically Adjusted PB Ratio of 2.40 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 Mitsubishi Estate Co and its competitors. This is 37% above median its historical median of 1.75. Over the past decade, Mitsubishi Estate Co's Cyclically Adjusted PB Ratio has ranged from 1.22 to 3.26. According to the industry distribution chart, Mitsubishi Estate Co ranks #1263 out of 1437 companies in the Real Estate industry, placing it in the top 87.9%.
Is Mitsubishi Estate Co's Cyclically Adjusted PB Ratio too high?
Mitsubishi Estate Co's current Cyclically Adjusted PB Ratio of 2.40 is 37% above median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 3.26. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. Mitsubishi Estate Co's value of 2.40 is 238% above this industry median. Based on the distribution chart, Mitsubishi Estate Co ranks #1263 out of 1437 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Mitsubishi Estate Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Estate Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Mitsubishi Estate Co ranks #1263 out of 1437 companies for Cyclically Adjusted PB Ratio. This places Mitsubishi Estate Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.71. Mitsubishi Estate Co's value of 2.40 is 238% above this benchmark. Historically, Mitsubishi Estate Co's own Cyclically Adjusted PB Ratio has ranged from 1.22 to 3.26 over the past decade. While the company's 10-year median is 1.75 vs. the industry median of 0.71, Mitsubishi Estate 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 0.71, based on 1,437 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. Mitsubishi Estate Co's current Cyclically Adjusted PB Ratio of 2.40 is 238% 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 Mitsubishi Estate Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Estate Co's current Cyclically Adjusted PB Ratio is 2.40, which is 37% above median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Estate Co stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Estate Co (MITEF) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.58, compared to a current price of $25.15 — trading 43.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.40, which is 37% above median its 10-year median of 1.75 and 238% above the Real Estate industry median of 0.71. Mitsubishi Estate Co's overall GF Score™ is 78/100 with 2 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 Mitsubishi Estate Co (MITEF), the current Cyclically Adjusted PB Ratio is 2.40 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 Mitsubishi Estate Co (MITEF) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Estate Co stock appears to be overvalued. The current stock price of $25.15 is trading 43.1% above its estimated GF Value™ of $17.58. GuruFocus considers Mitsubishi Estate Co to be Significantly Overvalued.

Key valuation signals for MITEF:

  • Cyclically Adjusted PB Ratio: 2.40 (37% above median its 10-year median of 1.75)
  • GF Value™: $17.58 vs. price of $25.15 (43.1% above fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 238% above the Real Estate median (#1263 of 1437)

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


Mitsubishi Estate Co Business Description

Address 1-1, Otemachi 1-chome, Otemachi Park Building, Chiyoda-ku, Tokyo, JPN, 100-8133
Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.
78GF Score

Get the complete analysis for MITEF

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

$25.15
Price
$17.58
GF Value