Kozo Keikaku Engineering Holdings (TSE:208A) Cyclically Adjusted PB Ratio: 4.52 (As of Aug. 20, 2026) — 31% Above Median

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TSE:208A Kozo Keikaku Engineering Holdings Inc TSE:208A
87 GF Score
Price 円3,005.00
GF Value 円2,910.21
Valuation Fairly Valued
! 1 Warning Sign
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What is Kozo Keikaku Engineering Holdings Cyclically Adjusted PB Ratio?

Kozo Keikaku Engineering Holdings TSE:208A -1.15% 87 Cyclically Adjusted PB Ratio is 4.52 as of Aug. 20, 2026, which is 31% above its 10-year median of 3.46. GuruFocus rates TSE:208A with a GF Score™ of 87/100 and a GF Value™ of 円2,910.21 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,292 Construction companies, Kozo Keikaku Engineering Holdings ranks worse than 88.85% on this metric.

As of today (2026-08-20), Kozo Keikaku Engineering Holdings's current share price is 円3005.00. Kozo Keikaku Engineering Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円664.10. Kozo Keikaku Engineering Holdings's Cyclically Adjusted PB Ratio for today is 4.52.

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

TSE:208A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.8   Med: 3.46   Max: 5.67
Current: 4.52

During the past years, Kozo Keikaku Engineering Holdings's highest Cyclically Adjusted PB Ratio was 5.67. The lowest was 2.80. And the median was 3.46.

TSE:208A's Cyclically Adjusted PB Ratio is ranked worse than
88.85% of 1292 companies
in the Construction industry
Industry Median: 1.13 vs TSE:208A: 4.52

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.

Kozo Keikaku Engineering Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,010.667. 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664.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kozo Keikaku Engineering Holdings  (TSE:208A) 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.


Kozo Keikaku Engineering Holdings Cyclically Adjusted PB Ratio Related Terms


Kozo Keikaku Engineering Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kozo Keikaku Engineering 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.

Kozo Keikaku Engineering Holdings Cyclically Adjusted PB Ratio Chart

Kozo Keikaku Engineering Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.50 2.84 3.36 4.04 0.00

Kozo Keikaku Engineering Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 4.04 5.36 4.72 4.37 0.00

TSE:208A vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Kozo Keikaku Engineering 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.


Kozo Keikaku Engineering Holdings Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Kozo Keikaku Engineering Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kozo Keikaku Engineering Holdings's Cyclically Adjusted PB Ratio falls into.


TSE:208A
87GF Score
Kozo Keikaku Engineering Holdings Inc TSE:208A
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kozo Keikaku Engineering 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.

Kozo Keikaku Engineering Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3005.00/664.10
=4.52

* 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.

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

For example, Kozo Keikaku Engineering Holdings'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)
=1010.667/112.7000*112.7000
=1,010.667

Current CPI (Mar. 2026) = 112.7000.

Kozo Keikaku Engineering Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201512 302.358 98.100 347.357
201603 363.461 97.900 418.407
201606 363.586 98.100 417.698
201609 319.215 98.000 367.097
201612 280.334 98.400 321.074
201703 355.656 98.100 408.587
201706 409.412 98.500 468.434
201709 363.778 98.800 414.957
201712 336.763 99.400 381.823
201803 400.709 99.200 455.241
201806 488.023 99.200 554.437
201809 514.474 99.900 580.393
201812 517.595 99.700 585.085
201903 561.848 99.700 635.108
201906 535.938 99.800 605.213
201909 526.505 100.100 592.778
201912 504.161 100.500 565.363
202003 524.631 100.300 589.491
202006 607.354 99.900 685.173
202009 558.244 99.900 629.771
202012 571.159 99.300 648.234
202103 618.669 99.900 697.938
202106 689.574 99.500 781.055
202109 645.039 100.100 726.233
202112 638.199 100.100 718.532
202203 644.659 101.100 718.626
202206 747.985 101.800 828.074
202209 702.519 103.100 767.933
202212 686.189 104.100 742.877
202303 728.911 104.400 786.861
202306 881.427 105.200 944.266
202309 822.250 106.200 872.576
202312 815.848 106.800 860.918
202403 874.225 107.200 919.078
202412 805.775 110.700 820.333
202503 849.841 111.100 862.080
202506 955.828 111.700 964.385
202509 915.141 112.000 920.861
202512 951.581 113.000 949.055
202603 1,010.667 112.700 1,010.667

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 4.52 mean?
Kozo Keikaku Engineering Holdings (TSE:208A) has a Cyclically Adjusted PB Ratio of 4.52 as of Aug. 20, 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 Kozo Keikaku Engineering Holdings and its competitors. This is 31% above median its historical median of 3.46. Over the past decade, Kozo Keikaku Engineering Holdings' Cyclically Adjusted PB Ratio has ranged from 2.80 to 5.67. According to the industry distribution chart, Kozo Keikaku Engineering Holdings ranks #1148 out of 1292 companies in the Construction industry, placing it in the top 88.9%.
Is Kozo Keikaku Engineering Holdings' Cyclically Adjusted PB Ratio too high?
Kozo Keikaku Engineering Holdings' current Cyclically Adjusted PB Ratio of 4.52 is 31% above median its 10-year median of 3.46. Over the past 10 years, this metric has ranged from a low of 2.80 to a high of 5.67. The Construction industry median Cyclically Adjusted PB Ratio is 1.13. Kozo Keikaku Engineering Holdings' value of 4.52 is 300% above this industry median. Based on the distribution chart, Kozo Keikaku Engineering Holdings ranks #1148 out of 1292 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Kozo Keikaku Engineering Holdings has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kozo Keikaku Engineering Holdings' Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Kozo Keikaku Engineering Holdings ranks #1148 out of 1292 companies for Cyclically Adjusted PB Ratio. This places Kozo Keikaku Engineering Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.13. Kozo Keikaku Engineering Holdings' value of 4.52 is 300% above this benchmark. Historically, Kozo Keikaku Engineering Holdings' own Cyclically Adjusted PB Ratio has ranged from 2.80 to 5.67 over the past decade. While the company's 10-year median is 3.46 vs. the industry median of 1.13, Kozo Keikaku Engineering Holdings 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 1.13, based on 1,292 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. Kozo Keikaku Engineering Holdings's current Cyclically Adjusted PB Ratio of 4.52 is 300% 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 Kozo Keikaku Engineering Holdings and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kozo Keikaku Engineering Holdings's current Cyclically Adjusted PB Ratio is 4.52, which is 31% above median its own 10-year median of 3.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kozo Keikaku Engineering Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kozo Keikaku Engineering Holdings (TSE:208A) is currently considered Fairly Valued. The stock's GF Value™ is 円2,910.21, compared to a current price of 円3,005.00 — trading 3.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.52, which is 31% above median its 10-year median of 3.46 and 300% above the Construction industry median of 1.13. Kozo Keikaku Engineering Holdings' overall GF Score™ is 87/100 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 Kozo Keikaku Engineering Holdings (TSE:208A), the current Cyclically Adjusted PB Ratio is 4.52 as of Aug. 20, 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 Kozo Keikaku Engineering Holdings (TSE:208A) Overvalued in 2026?

Based on GuruFocus' analysis, Kozo Keikaku Engineering Holdings stock appears to be overvalued. The current stock price of 円3,005.00 is trading 3.3% above its estimated GF Value™ of 円2,910.21. GuruFocus considers Kozo Keikaku Engineering Holdings to be Fairly Valued.

Key valuation signals for TSE:208A:

  • Cyclically Adjusted PB Ratio: 4.52 (31% above median its 10-year median of 3.46)
  • GF Value™: 円2,910.21 vs. price of 円3,005.00 (3.3% above fair value)
  • GF Score™: 87/100 with 1 warning sign
  • Industry Position: 300% above the Construction median (#1148 of 1292)

No single metric tells the full story. See the TSE:208A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kozo Keikaku Engineering Holdings Business Description

Address Japan Holstein Hall, 4-38-13 Honmachi, Nakano-ku, Tokyo, JPN, 164-0012
Kozo Keikaku Engineering Holdings Inc is a technical consulting firm that utilizes engineering knowledge to tackle various social problems.
87GF Score

Get the complete analysis for TSE:208A

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

円3,005.00
Price
円2,910.21
GF Value