Honeys Holdings Co (TSE:2792) Cyclically Adjusted PB Ratio: 1.03 (As of Aug. 24, 2026) — Near Median

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TSE:2792 Honeys Holdings Co Ltd TSE:2792
64 GF Score
Price 円1,449.00
GF Value 円1,610.14
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Honeys Holdings Co Cyclically Adjusted PB Ratio?

Honeys Holdings Co TSE:2792 -0.07% 64 Cyclically Adjusted PB Ratio is 1.03 as of Aug. 24, 2026, which is 3% below its 10-year median of 1.06. GuruFocus rates TSE:2792 with a GF Score™ of 64/100 and a GF Value™ of 円1,610.14 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 780 Retail - Cyclical companies, Honeys Holdings Co ranks better than 55.51% on this metric.

As of today (2026-08-24), Honeys Holdings Co's current share price is 円1449.00. Honeys Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円1,407.95. Honeys Holdings Co's Cyclically Adjusted PB Ratio for today is 1.03.

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

TSE:2792' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.06   Max: 1.66
Current: 1.03

During the past years, Honeys Holdings Co's highest Cyclically Adjusted PB Ratio was 1.66. The lowest was 0.72. And the median was 1.06.

TSE:2792's Cyclically Adjusted PB Ratio is ranked better than
55.51% of 780 companies
in the Retail - Cyclical industry
Industry Median: 1.21 vs TSE:2792: 1.03

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.

Honeys Holdings Co's adjusted book value per share data for the three months ended in Feb. 2026 was 円1,692.198. 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1,407.95 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Honeys Holdings Co  (TSE:2792) 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.


Honeys Holdings Co Cyclically Adjusted PB Ratio Related Terms


Honeys Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Honeys 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.

Honeys Holdings Co Cyclically Adjusted PB Ratio Chart

Honeys Holdings Co Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 1.18 1.26 1.10 0.00

Honeys Holdings Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 1.10 1.09 1.08 1.10 0.00

TSE:2792 vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Honeys 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.


Honeys Holdings Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Honeys Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2792
64GF Score
Honeys Holdings Co Ltd TSE:2792
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Honeys 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1449.00/1407.95
=1.03

* 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.

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

For example, Honeys Holdings Co's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=1692.198/112.2000*112.2000
=1,692.198

Current CPI (Feb. 2026) = 112.2000.

Honeys Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201602 1,086.751 97.800 1,246.763
201605 1,091.510 98.200 1,247.122
201608 1,039.504 97.900 1,191.342
201611 1,098.577 98.600 1,250.105
201702 1,078.461 98.100 1,233.469
201705 1,097.516 98.600 1,248.898
201708 1,093.742 98.500 1,245.867
201711 1,120.266 99.100 1,268.354
201802 1,054.465 99.500 1,189.055
201805 1,078.388 99.300 1,218.481
201808 1,088.863 99.800 1,224.153
201811 1,120.416 100.000 1,257.107
201902 1,095.575 99.700 1,232.934
201905 1,175.427 100.000 1,318.829
201908 1,159.034 100.000 1,300.436
201911 1,235.474 100.500 1,379.305
202002 1,222.370 100.300 1,367.397
202005 1,218.418 100.100 1,365.699
202008 1,205.766 100.100 1,351.518
202011 1,235.132 99.500 1,392.782
202102 1,214.904 99.800 1,365.854
202105 1,281.501 99.400 1,446.523
202108 1,224.092 99.700 1,377.564
202111 1,262.585 100.100 1,415.205
202202 1,245.108 100.700 1,387.300
202205 1,354.806 101.800 1,493.214
202208 1,383.941 102.700 1,511.959
202211 1,407.477 103.900 1,519.913
202302 1,370.226 104.000 1,478.263
202305 1,462.585 105.100 1,561.390
202308 1,468.298 105.900 1,555.647
202311 1,489.603 106.900 1,563.456
202402 1,486.378 106.900 1,560.071
202405 1,607.742 108.100 1,668.720
202411 1,601.218 110.000 1,633.242
202502 1,581.862 110.800 1,601.849
202505 1,603.837 111.800 1,609.575
202508 1,628.442 112.100 1,629.895
202511 1,731.675 113.200 1,716.378
202602 1,692.198 112.200 1,692.198

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 1.03 mean?
Honeys Holdings Co (TSE:2792) has a Cyclically Adjusted PB Ratio of 1.03 as of Aug. 24, 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 Honeys Holdings Co and its competitors. This is near median its historical median of 1.06. Over the past decade, Honeys Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.72 to 1.66. According to the industry distribution chart, Honeys Holdings Co ranks #347 out of 780 companies in the Retail - Cyclical industry, placing it in the top 44.5%.
Is Honeys Holdings Co's Cyclically Adjusted PB Ratio too high?
Honeys Holdings Co's current Cyclically Adjusted PB Ratio of 1.03 is near median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.66. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.21. Honeys Holdings Co's value of 1.03 is 14.9% below this industry median. Based on the distribution chart, Honeys Holdings Co ranks #347 out of 780 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Honeys Holdings Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Honeys Holdings Co's Cyclically Adjusted PB Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Honeys Holdings Co ranks #347 out of 780 companies for Cyclically Adjusted PB Ratio. This puts Honeys Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Honeys Holdings Co's value of 1.03 is 14.9% below this benchmark. Historically, Honeys Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.72 to 1.66 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 1.21, Honeys Holdings Co has consistently been below 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.21, based on 780 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. Honeys Holdings Co's current Cyclically Adjusted PB Ratio of 1.03 is 14.9% below 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 Honeys Holdings Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeys Holdings Co's current Cyclically Adjusted PB Ratio is 1.03, which is near median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeys Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Honeys Holdings Co (TSE:2792) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,610.14, compared to a current price of 円1,449.00 — trading 10% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.03, which is near median its 10-year median of 1.06 and 14.9% below the Retail - Cyclical industry median of 1.21. Honeys Holdings Co's overall GF Score™ is 64/100 with 2 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 Honeys Holdings Co (TSE:2792), the current Cyclically Adjusted PB Ratio is 1.03 as of Aug. 24, 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 Honeys Holdings Co (TSE:2792) Overvalued in 2026?

Based on GuruFocus' analysis, Honeys Holdings Co stock appears to be undervalued. The current stock price of 円1,449.00 is trading 10% below its estimated GF Value™ of 円1,610.14. GuruFocus considers Honeys Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:2792:

  • Cyclically Adjusted PB Ratio: 1.03 (near median its 10-year median of 1.06)
  • GF Value™: 円1,610.14 vs. price of 円1,449.00 (10% below fair value)
  • GF Score™: 64/100 with 2 warning signs
  • Industry Position: 14.9% below the Retail - Cyclical median (#347 of 780)

No single metric tells the full story. See the TSE:2792 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Honeys Holdings Co Business Description

Address Kuranaka Character 1 of 7 Natsumoto 27, Kashima cho, Fukushima Prefecture, Iwaki City, JPN, 971-8141
Honeys Holdings Co Ltd is a Japan-based company, engages in the planning, manufacturing, and selling of women's clothing and fashion accessories The company offers its products under the brands named CINEMA CLUB, GLACIER, COLZA and Comfort Basic through specialty retail stores located in suburban shopping malls and station buildings, as well as online shopping site.
64GF Score

Get the complete analysis for TSE:2792

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

円1,449.00
Price
円1,610.14
GF Value