Polaris Holdings Co (TSE:3010) Cyclically Adjusted PB Ratio: 3.04 (As of Aug. 13, 2026) — 204% Above Median

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TSE:3010 Polaris Holdings Co Ltd TSE:3010
71 GF Score
Price 円195.00
GF Value 円257.42
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Polaris Holdings Co Cyclically Adjusted PB Ratio?

Polaris Holdings Co TSE:3010 71 Cyclically Adjusted PB Ratio is 3.04 as of Aug. 13, 2026, which is 204% above its 10-year median of 1.00. GuruFocus rates TSE:3010 with a GF Score™ of 71/100 and a GF Value™ of 円257.42 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 641 Travel & Leisure companies, Polaris Holdings Co ranks worse than 77.07% on this metric.

As of today (2026-08-13), Polaris Holdings Co's current share price is 円195.00. Polaris Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円64.22. Polaris Holdings Co's Cyclically Adjusted PB Ratio for today is 3.04.

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

TSE:3010' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 1   Max: 4.35
Current: 3.02

During the past years, Polaris Holdings Co's highest Cyclically Adjusted PB Ratio was 4.35. The lowest was 0.43. And the median was 1.00.

TSE:3010's Cyclically Adjusted PB Ratio is ranked worse than
77.07% of 641 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs TSE:3010: 3.02

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.

Polaris Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円137.468. 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64.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polaris Holdings Co  (TSE:3010) 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.


Polaris Holdings Co Cyclically Adjusted PB Ratio Related Terms


Polaris Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Polaris 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.

Polaris Holdings Co Cyclically Adjusted PB Ratio Chart

Polaris Holdings Co 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 0.96 1.43 4.02 2.99 2.76

Polaris 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 2.99 3.27 3.24 2.95 2.76

TSE:3010 vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Polaris 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.


Polaris Holdings Co Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Polaris Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3010
71GF Score
Polaris Holdings Co Ltd TSE:3010
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Polaris 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=195.00/64.22
=3.04

* 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.

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

For example, Polaris Holdings Co'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)
=137.468/112.7000*112.7000
=137.468

Current CPI (Mar. 2026) = 112.7000.

Polaris Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 130.087 98.100 149.448
201609 141.555 98.000 162.788
201612 125.956 98.400 144.261
201703 124.009 98.100 142.465
201706 116.677 98.500 133.497
201709 115.473 98.800 131.719
201712 90.956 99.400 103.126
201803 93.220 99.200 105.906
201806 89.537 99.200 101.722
201809 89.091 99.900 100.506
201812 95.587 99.700 108.051
201903 15.706 99.700 17.754
201906 16.742 99.800 18.906
201909 18.460 100.100 20.784
201912 18.805 100.500 21.088
202003 12.141 100.300 13.642
202006 1.120 99.900 1.264
202009 -2.060 99.900 -2.324
202012 -2.557 99.300 -2.902
202103 -13.292 99.900 -14.995
202106 -21.098 99.500 -23.897
202109 -26.719 100.100 -30.082
202112 7.361 100.100 8.288
202203 2.103 101.100 2.344
202206 9.531 101.800 10.552
202209 19.376 103.100 21.180
202212 19.140 104.100 20.721
202303 24.883 104.400 26.861
202306 28.179 105.200 30.188
202309 51.163 106.200 54.294
202312 52.781 106.800 55.697
202403 55.463 107.200 58.309
202406 0.000 108.200 0.000
202409 65.071 108.900 67.342
202412 114.176 110.700 116.239
202503 121.194 111.100 122.939
202506 120.031 111.700 121.106
202509 122.253 112.000 123.017
202512 125.783 113.000 125.449
202603 137.468 112.700 137.468

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 3.04 mean?
Polaris Holdings Co (TSE:3010) has a Cyclically Adjusted PB Ratio of 3.04 as of Aug. 13, 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 Polaris Holdings Co and its competitors. This is 204% above median its historical median of 1.00. Over the past decade, Polaris Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.43 to 4.35. According to the industry distribution chart, Polaris Holdings Co ranks #494 out of 641 companies in the Travel & Leisure industry, placing it in the top 77.1%.
Is Polaris Holdings Co's Cyclically Adjusted PB Ratio too high?
Polaris Holdings Co's current Cyclically Adjusted PB Ratio of 3.04 is 204% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 4.35. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Polaris Holdings Co's value of 3.04 is 153.3% above this industry median. Based on the distribution chart, Polaris Holdings Co ranks #494 out of 641 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Polaris Holdings Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polaris Holdings Co's Cyclically Adjusted PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Polaris Holdings Co ranks #494 out of 641 companies for Cyclically Adjusted PB Ratio. This places Polaris Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Polaris Holdings Co's value of 3.04 is 153.3% above this benchmark. Historically, Polaris Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.43 to 4.35 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 1.20, Polaris 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 641 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. Polaris Holdings Co's current Cyclically Adjusted PB Ratio of 3.04 is 153.3% 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 Polaris Holdings Co and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polaris Holdings Co's current Cyclically Adjusted PB Ratio is 3.04, which is 204% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polaris Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Polaris Holdings Co (TSE:3010) is currently considered Modestly Undervalued. The stock's GF Value™ is 円257.42, compared to a current price of 円195.00 — trading 24.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.04, which is 204% above median its 10-year median of 1.00 and 153.3% above the Travel & Leisure industry median of 1.20. Polaris Holdings Co's overall GF Score™ is 71/100 with 7 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 Polaris Holdings Co (TSE:3010), the current Cyclically Adjusted PB Ratio is 3.04 as of Aug. 13, 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 Polaris Holdings Co (TSE:3010) Overvalued in 2026?

Based on GuruFocus' analysis, Polaris Holdings Co stock appears to be undervalued. The current stock price of 円195.00 is trading 24.2% below its estimated GF Value™ of 円257.42. GuruFocus considers Polaris Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:3010:

  • Cyclically Adjusted PB Ratio: 3.04 (204% above median its 10-year median of 1.00)
  • GF Value™: 円257.42 vs. price of 円195.00 (24.2% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 153.3% above the Travel & Leisure median (#494 of 641)

No single metric tells the full story. See the TSE:3010 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Polaris Holdings Co Business Description

Address 1-12-3 Iwamoto-cho, Yamazaki Kyodo Building, Chiyoda-ku, Tokyo, JPN, 101-0032
Polaris Holdings Co Ltd is a Japan-based company. It has two business segments. The Real Estate segment is involved in the leasing, buying, selling, and development of real estate; The Hotel segment deals with hotel management, consulting, and franchising. Some of its hotels include Best Western Hotels, Value The Hotel, Kinuura Grand Hotel, and KOKO Hotels.
71GF Score

Get the complete analysis for TSE:3010

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

円195.00
Price
円257.42
GF Value