Hoshizaki (STU:HS0) Cyclically Adjusted PB Ratio: 2.76 (As of Aug. 17, 2026) — 17% Below 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.

STU:HS0 Hoshizaki Corp STU:HS0
83 GF Score
Price €31.00
GF Value €9,369.61
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Hoshizaki Cyclically Adjusted PB Ratio?

Hoshizaki STU:HS0 -0.64% 83 Cyclically Adjusted PB Ratio is 2.76 as of Aug. 17, 2026, which is 17% below its 10-year median of 3.32. GuruFocus rates STU:HS0 with a GF Score™ of 83/100 and a GF Value™ of €9,369.61 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,203 Industrial Products companies, Hoshizaki ranks worse than 58.97% on this metric.

As of today (2026-08-17), Hoshizaki's current share price is €31.00. Hoshizaki's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €11.24. Hoshizaki's Cyclically Adjusted PB Ratio for today is 2.76.

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

STU:HS0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.47   Med: 3.32   Max: 5.88
Current: 2.78

During the past years, Hoshizaki's highest Cyclically Adjusted PB Ratio was 5.88. The lowest was 2.47. And the median was 3.32.

STU:HS0's Cyclically Adjusted PB Ratio is ranked worse than
58.97% of 2203 companies
in the Industrial Products industry
Industry Median: 2.18 vs STU:HS0: 2.78

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.

Hoshizaki's adjusted book value per share data for the three months ended in Jun. 2026 was €15.571. 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 €11.24 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoshizaki  (STU:HS0) 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 3.26 3.13 3.14 3.42 2.61

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 2.61 2.86 2.61 2.49 2.54

STU:HS0 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.


STU:HS0
83GF Score
Hoshizaki Corp STU:HS0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.00/11.24
=2.76

* 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'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)
=15.571/113.6000*113.6000
=15.571

Current CPI (Jun. 2026) = 113.6000.

Hoshizaki Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.701 98.000 12.404
201612 10.472 98.400 12.090
201703 10.610 98.100 12.286
201706 10.706 98.500 12.347
201709 10.572 98.800 12.156
201712 10.589 99.400 12.102
201803 10.698 99.200 12.251
201806 11.368 99.200 13.018
201809 11.704 99.900 13.309
201812 12.021 99.700 13.697
201903 12.303 99.700 14.018
201906 12.845 99.800 14.621
201909 13.656 100.100 15.498
201912 13.699 100.500 15.485
202003 13.719 100.300 15.538
202006 13.439 99.900 15.282
202009 13.227 99.900 15.041
202012 13.021 99.300 14.896
202103 12.974 99.900 14.753
202106 12.906 99.500 14.735
202109 13.513 100.100 15.335
202112 13.838 100.100 15.704
202203 14.015 101.100 15.748
202206 14.194 101.800 15.839
202209 14.703 103.100 16.200
202212 13.957 104.100 15.231
202303 14.296 104.400 15.556
202306 14.438 105.200 15.591
202309 14.568 106.200 15.583
202312 14.441 106.800 15.360
202403 14.524 107.200 15.391
202406 14.888 108.200 15.631
202409 14.872 108.900 15.514
202412 15.872 110.700 16.288
202503 15.317 111.100 15.662
202506 15.140 111.700 15.398
202509 15.040 112.000 15.255
202512 15.187 113.000 15.268
202603 15.282 112.700 15.404
202606 15.571 113.600 15.571

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 2.76 mean?
Hoshizaki (STU:HS0) has a Cyclically Adjusted PB Ratio of 2.76 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 Hoshizaki and its competitors. This is 17% below median its historical median of 3.32. Over the past decade, Hoshizaki's Cyclically Adjusted PB Ratio has ranged from 2.47 to 5.88. According to the industry distribution chart, Hoshizaki ranks #1299 out of 2203 companies in the Industrial Products industry, placing it in the top 59%.
Is Hoshizaki's Cyclically Adjusted PB Ratio too high?
Hoshizaki's current Cyclically Adjusted PB Ratio of 2.76 is 17% below median its 10-year median of 3.32. Over the past 10 years, this metric has ranged from a low of 2.47 to a high of 5.88. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.18. Hoshizaki's value of 2.76 is 26.6% above this industry median. Based on the distribution chart, Hoshizaki ranks #1299 out of 2203 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Hoshizaki has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoshizaki's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Hoshizaki ranks #1299 out of 2203 companies for Cyclically Adjusted PB Ratio. This places Hoshizaki in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.18. Hoshizaki's value of 2.76 is 26.6% above this benchmark. Historically, Hoshizaki's own Cyclically Adjusted PB Ratio has ranged from 2.47 to 5.88 over the past decade. While the company's 10-year median is 3.32 vs. the industry median of 2.18, Hoshizaki 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.18, based on 2,203 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. Hoshizaki's current Cyclically Adjusted PB Ratio of 2.76 is 26.6% 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 Hoshizaki and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoshizaki's current Cyclically Adjusted PB Ratio is 2.76, which is 17% below median its own 10-year median of 3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoshizaki stock overvalued right now?
Based on GuruFocus' analysis, Hoshizaki (STU:HS0) is currently considered Significantly Undervalued. The stock's GF Value™ is €9,369.61, compared to a current price of €31.00 — trading 99.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.76, which is 17% below median its 10-year median of 3.32 and 26.6% above the Industrial Products industry median of 2.18. Hoshizaki's overall GF Score™ is 83/100 with 4 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 Hoshizaki (STU:HS0), the current Cyclically Adjusted PB Ratio is 2.76 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 Hoshizaki (STU:HS0) Overvalued in 2026?

Based on GuruFocus' analysis, Hoshizaki stock appears to be undervalued. The current stock price of €31.00 is trading 99.7% below its estimated GF Value™ of €9,369.61. GuruFocus considers Hoshizaki to be Significantly Undervalued.

Key valuation signals for STU:HS0:

  • Cyclically Adjusted PB Ratio: 2.76 (17% below median its 10-year median of 3.32)
  • GF Value™: €9,369.61 vs. price of €31.00 (99.7% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 26.6% above the Industrial Products median (#1299 of 2203)

No single metric tells the full story. See the STU:HS0 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.
83GF Score

Get the complete analysis for STU:HS0

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

€31.00
Price
€9,369.61
GF Value