TKFOY (Tokyu Fudosan Holdings) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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TKFOY Tokyu Fudosan Holdings Corp TKFOY
65 GF Score
Price $16.61
GF Value $11.61
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Tokyu Fudosan Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokyu Fudosan Holdings  (OTCPK:TKFOY) 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.


Tokyu Fudosan Holdings Cyclically Adjusted PB Ratio Related Terms


Tokyu Fudosan Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tokyu Fudosan Holdings'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.

Tokyu Fudosan Holdings Cyclically Adjusted PB Ratio Chart

Tokyu Fudosan Holdings 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 - 0.73 0.85 0.81 0.79

Tokyu Fudosan Holdings 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 0.81 0.80 0.79 0.79 0.79

Tokyu Fudosan Holdings Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Tokyu Fudosan Holdings'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.


Tokyu Fudosan Holdings Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TKFOY
65GF Score
Tokyu Fudosan Holdings Corp TKFOY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokyu Fudosan Holdings 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.

Tokyu Fudosan Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Tokyu Fudosan Holdings'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)
=16.046/113.6000*113.6000
=16.046

Current CPI (Jun. 2026) = 113.6000.

Tokyu Fudosan Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.784 98.000 15.978
201612 12.186 98.400 14.068
201703 13.159 98.100 15.238
201706 13.079 98.500 15.084
201709 13.325 98.800 15.321
201712 13.576 99.400 15.515
201803 14.681 99.200 16.812
201806 14.065 99.200 16.107
201809 14.077 99.900 16.007
201812 14.064 99.700 16.025
201903 14.276 99.700 16.266
201906 14.677 99.800 16.706
201909 15.040 100.100 17.068
201912 14.993 100.500 16.947
202003 15.308 100.300 17.338
202006 14.794 99.900 16.823
202009 15.603 99.900 17.743
202012 16.103 99.300 18.422
202103 15.317 99.900 17.418
202106 15.383 99.500 17.563
202109 15.556 100.100 17.654
202112 15.255 100.100 17.312
202203 14.736 101.100 16.558
202206 13.549 101.800 15.120
202209 13.602 103.100 14.987
202212 15.070 104.100 16.445
202303 14.839 104.400 16.147
202306 14.030 105.200 15.150
202309 14.215 106.200 15.205
202312 15.054 106.800 16.012
202403 14.319 107.200 15.174
202406 13.804 108.200 14.493
202409 15.812 108.900 16.494
202412 13.944 110.700 14.309
202503 15.749 111.100 16.103
202506 16.496 111.700 16.777
202509 16.491 112.000 16.727
202512 15.509 113.000 15.591
202603 16.167 112.700 16.296
202606 16.046 113.600 16.046

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.

Is Tokyu Fudosan Holdings (TKFOY) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyu Fudosan Holdings stock appears to be overvalued. The current stock price of $16.61 is trading 43.1% above its estimated GF Value™ of $11.61. GuruFocus considers Tokyu Fudosan Holdings to be Significantly Overvalued.

Key valuation signals for TKFOY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $11.61 vs. price of $16.61 (43.1% above fair value)
  • GF Score™: 65/100 with 2 warning signs

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


Tokyu Fudosan Holdings Business Description

Other Exchanges TTUUF:USA3289:Japan
Address Shin-nanpeidai Tokyu Building, Dogenzaka 1-21-2, Shibuya-ku, Tokyo, JPN
Tokyu Fudosan Holdings Corp engages in the management and administration of a host of businesses. The business that compose Tokyu Fudosan Holdings operate in the following business segments: urban development, residential, wellness, innovation, property management, real estate agency, and tokyu hands. Altogether, the group develops, leases, and operates office buildings, commercial facilities, rental residences, and other properties. Tokyu's host of businesses also engage in management and operation of resort facilities, sports clubs, and senior housing. Businesses like the innovation segment serve as a complement and include overseas operations, custom homes, renovation, and landscaping.
65GF Score

Get the complete analysis for TKFOY

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

$16.61
Price
$11.61
GF Value