Komehyo Holdings Co (NGO:2780) Cyclically Adjusted PB Ratio: 3.53 (As of Aug. 17, 2026) — 163% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

NGO:2780 Komehyo Holdings Co Ltd NGO:2780
80 GF Score
Price 円5,800.00
GF Value 円7,734.37
! 6 Warning Signs
View Full Analysis

What is Komehyo Holdings Co Cyclically Adjusted PB Ratio?

Komehyo Holdings Co NGO:2780 80 Cyclically Adjusted PB Ratio is 3.53 as of Aug. 17, 2026, which is 163% above its 10-year median of 1.34. GuruFocus rates NGO:2780 with a GF Score™ of 80/100 and a GF Value™ of 円7,734.37. The stock has 6 warning signs investors should review. Among 1,400 Real Estate companies, Komehyo Holdings Co ranks worse than 87.43% on this metric.

As of today (2026-08-17), Komehyo Holdings Co's current share price is 円5800.00. Komehyo Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,640.88. Komehyo Holdings Co's Cyclically Adjusted PB Ratio for today is 3.53.

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

NGO:2780' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 1.34   Max: 3.4
Current: 2.32

During the past years, Komehyo Holdings Co's highest Cyclically Adjusted PB Ratio was 3.40. The lowest was 0.43. And the median was 1.34.

NGO:2780's Cyclically Adjusted PB Ratio is ranked worse than
87.43% of 1400 companies
in the Real Estate industry
Industry Median: 0.69 vs NGO:2780: 2.32

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.

Komehyo Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円3,399.282. 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 円1,640.88 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Komehyo Holdings Co  (NGO:2780) 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.


Komehyo Holdings Co Cyclically Adjusted PB Ratio Related Terms


Komehyo Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Komehyo Holdings 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.

Komehyo Holdings Co Cyclically Adjusted PB Ratio Chart

Komehyo Holdings 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 1.16 1.43 2.10 1.38 1.91

Komehyo Holdings 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 1.38 1.33 1.39 1.30 1.91

NGO:2780 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Komehyo Holdings 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.


Komehyo Holdings Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


NGO:2780
80GF Score
Komehyo Holdings Co Ltd NGO:2780
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Komehyo Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5800.00/1640.88
=3.53

* 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.

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

For example, Komehyo Holdings 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)
=3399.282/112.7000*112.7000
=3,399.282

Current CPI (Mar. 2026) = 112.7000.

Komehyo Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,635.481 98.100 1,878.886
201609 1,638.411 98.000 1,884.173
201612 1,635.309 98.400 1,872.961
201703 1,660.204 98.100 1,907.288
201706 1,654.471 98.500 1,892.984
201709 1,672.246 98.800 1,907.511
201712 1,718.812 99.400 1,948.794
201803 1,726.732 99.200 1,961.721
201806 1,733.588 99.200 1,969.510
201809 1,742.874 99.900 1,966.185
201812 1,778.024 99.700 2,009.863
201903 1,785.711 99.700 2,018.552
201906 1,773.182 99.800 2,002.381
201909 1,784.835 100.100 2,009.500
201912 1,767.945 100.500 1,982.561
202003 1,731.508 100.300 1,945.573
202006 1,608.964 99.900 1,815.118
202009 1,596.560 99.900 1,801.124
202012 1,654.208 99.300 1,877.434
202103 1,665.678 99.900 1,879.098
202106 1,694.508 99.500 1,919.307
202109 1,729.835 100.100 1,947.576
202112 1,803.832 100.100 2,030.888
202203 1,865.484 101.100 2,079.526
202206 1,908.237 101.800 2,112.557
202209 1,984.291 103.100 2,169.055
202212 2,113.049 104.100 2,287.614
202303 2,184.444 104.400 2,358.111
202306 2,263.471 105.200 2,424.840
202309 2,377.748 106.200 2,523.279
202312 2,480.935 106.800 2,617.990
202403 2,592.687 107.200 2,725.707
202406 0.000 108.200 0.000
202409 2,785.068 108.900 2,882.251
202412 2,843.059 110.700 2,894.424
202503 2,990.663 111.100 3,033.733
202506 2,930.235 111.700 2,956.468
202509 2,947.823 112.000 2,966.247
202512 3,143.719 113.000 3,135.373
202603 3,399.282 112.700 3,399.282

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 3.53 mean?
Komehyo Holdings Co (NGO:2780) has a Cyclically Adjusted PB Ratio of 3.53 as of Aug. 17, 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 Komehyo Holdings Co and its competitors. This is 163% above median its historical median of 1.34. Over the past decade, Komehyo Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.43 to 3.40. According to the industry distribution chart, Komehyo Holdings Co ranks #1224 out of 1400 companies in the Real Estate industry, placing it in the top 87.4%.
Is Komehyo Holdings Co's Cyclically Adjusted PB Ratio too high?
Komehyo Holdings Co's current Cyclically Adjusted PB Ratio of 3.53 is 163% above median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 3.40. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Komehyo Holdings Co's value of 3.53 is 411.6% above this industry median. Based on the distribution chart, Komehyo Holdings Co ranks #1224 out of 1400 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Komehyo Holdings Co has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Komehyo Holdings Co's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Komehyo Holdings Co ranks #1224 out of 1400 companies for Cyclically Adjusted PB Ratio. This places Komehyo Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Komehyo Holdings Co's value of 3.53 is 411.6% above this benchmark. Historically, Komehyo Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.43 to 3.40 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 0.69, Komehyo Holdings 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 0.69, based on 1,400 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. Komehyo Holdings Co's current Cyclically Adjusted PB Ratio of 3.53 is 411.6% 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 Komehyo Holdings Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Komehyo Holdings Co's current Cyclically Adjusted PB Ratio is 3.53, which is 163% above median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Komehyo Holdings Co stock overvalued right now?
Komehyo Holdings Co (NGO:2780) has a current Cyclically Adjusted PB Ratio of 3.53. The stock's GF Value™ is 円7,734.37, compared to a current price of 円5,800.00 — trading 25% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.53, which is 163% above median its 10-year median of 1.34 and 411.6% above the Real Estate industry median of 0.69. Komehyo Holdings Co's overall GF Score™ is 80/100 with 6 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 Komehyo Holdings Co (NGO:2780), the current Cyclically Adjusted PB Ratio is 3.53 as of Aug. 17, 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 Komehyo Holdings Co (NGO:2780) Overvalued in 2026?

Based on GuruFocus' analysis, Komehyo Holdings Co stock appears to be undervalued. The current stock price of 円5,800.00 is trading 25% below its estimated GF Value™ of 円7,734.37.

Key valuation signals for NGO:2780:

  • Cyclically Adjusted PB Ratio: 3.53 (163% above median its 10-year median of 1.34)
  • GF Value™: 円7,734.37 vs. price of 円5,800.00 (25% below fair value)
  • GF Score™: 80/100 with 6 warning signs
  • Industry Position: 411.6% above the Real Estate median (#1224 of 1400)

No single metric tells the full story. See the NGO:2780 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Komehyo Holdings Co Business Description

Other Exchanges 2780:Japan
Address Naka Ward, Osu 3-25-31, Nagoya, JPN
Komehyo Holdings Co Ltd is engaged in business planning, management, marketing and real estate business. The reportable segments are the Brand and Fashion Business; Tire and Wheel Business; and Real Estate Rental Business.
80GF Score

Get the complete analysis for NGO:2780

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

円5,800.00
Price
円7,734.37
GF Value