SBDHF (SHO-BOND Holdings Co) Cyclically Adjusted PB Ratio: 2.98 (As of Aug. 06, 2026) — 22% Below Median

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SBDHF SHO-BOND Holdings Co Ltd SBDHF
83 GF Score
Price $8.65
GF Value $10.28
! 1 Warning Sign
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What is SHO-BOND Holdings Co Cyclically Adjusted PB Ratio?

SHO-BOND Holdings Co SBDHF 83 Cyclically Adjusted PB Ratio is 2.98 as of Aug. 06, 2026, which is 22% below its 10-year median of 3.83. GuruFocus rates SBDHF with a GF Score™ of 83/100 and a GF Value™ of $10.28. The stock has 1 warning sign investors should review. Among 1,346 Construction companies, SHO-BOND Holdings Co ranks worse than 78.97% on this metric.

As of today (2026-08-06), SHO-BOND Holdings Co's current share price is $8.6475. SHO-BOND Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $2.90. SHO-BOND Holdings Co's Cyclically Adjusted PB Ratio for today is 2.98.

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

SBDHF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.72   Med: 3.83   Max: 4.74
Current: 2.89

During the past years, SHO-BOND Holdings Co's highest Cyclically Adjusted PB Ratio was 4.74. The lowest was 2.72. And the median was 3.83.

SBDHF's Cyclically Adjusted PB Ratio is ranked worse than
78.97% of 1346 companies
in the Construction industry
Industry Median: 1.14 vs SBDHF: 2.89

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.

SHO-BOND Holdings Co's adjusted book value per share data for the three months ended in Dec. 2025 was $3.346. 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 $2.90 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


SHO-BOND Holdings Co  (OTCPK:SBDHF) 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.


SHO-BOND Holdings Co Cyclically Adjusted PB Ratio Related Terms


SHO-BOND Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SHO-BOND 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.

SHO-BOND Holdings Co Cyclically Adjusted PB Ratio Chart

SHO-BOND Holdings Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.74 4.44 3.89 3.62 2.74

SHO-BOND 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 2.82 2.74 2.79 2.98 0.00

SBDHF vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, SHO-BOND 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.


SHO-BOND Holdings Co Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, SHO-BOND Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SBDHF
83GF Score
SHO-BOND Holdings Co Ltd SBDHF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SHO-BOND 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.

SHO-BOND Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.6475/2.90
=2.98

* 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.

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

For example, SHO-BOND Holdings 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)
=3.346/113.0000*113.0000
=3.346

Current CPI (Dec. 2025) = 113.0000.

SHO-BOND Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 2.639 97.900 3.046
201606 2.808 98.100 3.234
201609 2.902 98.000 3.346
201612 2.664 98.400 3.059
201703 2.789 98.100 3.213
201706 2.900 98.500 3.327
201709 2.985 98.800 3.414
201712 3.040 99.400 3.456
201803 3.275 99.200 3.731
201806 3.127 99.200 3.562
201809 3.057 99.900 3.458
201812 3.108 99.700 3.523
201903 3.212 99.700 3.640
201906 3.355 99.800 3.799
201909 3.334 100.100 3.764
201912 3.426 100.500 3.852
202003 3.463 100.300 3.901
202006 3.609 99.900 4.082
202009 3.671 99.900 4.152
202012 3.892 99.300 4.429
202103 3.798 99.900 4.296
202106 3.834 99.500 4.354
202109 3.789 100.100 4.277
202112 3.773 100.100 4.259
202203 3.632 101.100 4.060
202206 3.300 101.800 3.663
202209 3.032 103.100 3.323
202212 3.297 104.100 3.579
202303 3.347 104.400 3.623
202306 3.294 105.200 3.538
202309 3.093 106.200 3.291
202312 3.300 106.800 3.492
202403 3.235 107.200 3.410
202406 3.137 108.200 3.276
202409 3.396 108.900 3.524
202412 3.269 110.700 3.337
202503 3.340 111.100 3.397
202506 3.561 111.700 3.602
202509 3.420 112.000 3.451
202512 3.346 113.000 3.346

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 2.98 mean?
SHO-BOND Holdings Co (SBDHF) has a Cyclically Adjusted PB Ratio of 2.98 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 SHO-BOND Holdings Co and its competitors. This is 22% below median its historical median of 3.83. Over the past decade, SHO-BOND Holdings Co's Cyclically Adjusted PB Ratio has ranged from 2.72 to 4.74. According to the industry distribution chart, SHO-BOND Holdings Co ranks #1063 out of 1346 companies in the Construction industry, placing it in the top 79%.
Is SHO-BOND Holdings Co's Cyclically Adjusted PB Ratio too high?
SHO-BOND Holdings Co's current Cyclically Adjusted PB Ratio of 2.98 is 22% below median its 10-year median of 3.83. Over the past 10 years, this metric has ranged from a low of 2.72 to a high of 4.74. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. SHO-BOND Holdings Co's value of 2.98 is 161.4% above this industry median. Based on the distribution chart, SHO-BOND Holdings Co ranks #1063 out of 1346 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, SHO-BOND Holdings Co has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does SHO-BOND Holdings Co's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, SHO-BOND Holdings Co ranks #1063 out of 1346 companies for Cyclically Adjusted PB Ratio. This places SHO-BOND Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. SHO-BOND Holdings Co's value of 2.98 is 161.4% above this benchmark. Historically, SHO-BOND Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 2.72 to 4.74 over the past decade. While the company's 10-year median is 3.83 vs. the industry median of 1.14, SHO-BOND 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.14, based on 1,346 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. SHO-BOND Holdings Co's current Cyclically Adjusted PB Ratio of 2.98 is 161.4% 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 SHO-BOND Holdings Co and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SHO-BOND Holdings Co's current Cyclically Adjusted PB Ratio is 2.98, which is 22% below median its own 10-year median of 3.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHO-BOND Holdings Co stock overvalued right now?
SHO-BOND Holdings Co (SBDHF) has a current Cyclically Adjusted PB Ratio of 2.98. The stock's GF Value™ is $10.28, compared to a current price of $8.65 — trading 15.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.98, which is 22% below median its 10-year median of 3.83 and 161.4% above the Construction industry median of 1.14. SHO-BOND Holdings Co's overall GF Score™ is 83/100 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 SHO-BOND Holdings Co (SBDHF), the current Cyclically Adjusted PB Ratio is 2.98 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 SHO-BOND Holdings Co (SBDHF) Overvalued in 2026?

Based on GuruFocus' analysis, SHO-BOND Holdings Co stock appears to be undervalued. The current stock price of $8.65 is trading 15.9% below its estimated GF Value™ of $10.28.

Key valuation signals for SBDHF:

  • Cyclically Adjusted PB Ratio: 2.98 (22% below median its 10-year median of 3.83)
  • GF Value™: $10.28 vs. price of $8.65 (15.9% below fair value)
  • GF Score™: 83/100 with 1 warning sign
  • Industry Position: 161.4% above the Construction median (#1063 of 1346)

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


SHO-BOND Holdings Co Business Description

Other Exchanges 1414:Japan
Address No. 7 No. 8 Nihonbashi Hakozaki-cho, Chuo-ku, Tokyo, JPN, 136-0015
SHO-BOND Holdings Co Ltd is a holding company of businesses engaged in civil engineering and construction work contracting. The group specialises in repairing and reinforcing public infrastructure, such as bridges and roads. It offers investigation and inspection services, manufactures and sells repair and reinforcement materials, and fulfils repair and reinforcement contracts. The group also manufactures and sells synthetic resin adhesives. Sho-Bond Holdings operates primarily in Japan.
83GF Score

Get the complete analysis for SBDHF

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

$8.65
Price
$10.28
GF Value