Tokai Holdings (TSE:3167) Cyclically Adjusted PB Ratio: 2.02 (As of Aug. 07, 2026) — Near Median

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TSE:3167 Tokai Holdings Corp TSE:3167
78 GF Score
Price 円1,219.00
GF Value 円1,039.97
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Tokai Holdings Cyclically Adjusted PB Ratio?

Tokai Holdings TSE:3167 +9.43% 78 Cyclically Adjusted PB Ratio is 2.02 as of Aug. 07, 2026, which is 5% above its 10-year median of 1.93. GuruFocus rates TSE:3167 with a GF Score™ of 78/100 and a GF Value™ of 円1,039.97 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 463 Conglomerates companies, Tokai Holdings ranks worse than 70.63% on this metric.

As of today (2026-08-07), Tokai Holdings's current share price is 円1219.00. Tokai Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円604.32. Tokai Holdings's Cyclically Adjusted PB Ratio for today is 2.02.

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

TSE:3167' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.67   Med: 1.93   Max: 2.87
Current: 1.89

During the past years, Tokai Holdings's highest Cyclically Adjusted PB Ratio was 2.87. The lowest was 1.67. And the median was 1.93.

TSE:3167's Cyclically Adjusted PB Ratio is ranked worse than
70.63% of 463 companies
in the Conglomerates industry
Industry Median: 1.02 vs TSE:3167: 1.89

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.

Tokai Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円790.723. 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604.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokai Holdings  (TSE:3167) 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.


Tokai Holdings Cyclically Adjusted PB Ratio Related Terms


Tokai Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tokai 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.

Tokai Holdings Cyclically Adjusted PB Ratio Chart

Tokai 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 2.00 1.84 1.91 1.74 1.93

Tokai Holdings 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 1.74 1.73 1.78 1.81 1.93

TSE:3167 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Tokai 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.


Tokai Holdings Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tokai Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3167
78GF Score
Tokai Holdings Corp TSE:3167
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokai 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1219.00/604.32
=2.02

* 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.

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

For example, Tokai 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)
=790.723/112.7000*112.7000
=790.723

Current CPI (Mar. 2026) = 112.7000.

Tokai Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 369.302 98.100 424.264
201609 382.156 98.000 439.479
201612 406.036 98.400 465.043
201703 439.033 98.100 504.373
201706 431.318 98.500 493.498
201709 455.615 98.800 519.715
201712 442.517 99.400 501.727
201803 460.655 99.200 523.345
201806 456.722 99.200 518.877
201809 467.625 99.900 527.541
201812 445.975 99.700 504.126
201903 478.263 99.700 540.624
201906 477.927 99.800 539.703
201909 484.185 100.100 545.131
201912 490.157 100.500 549.659
202003 493.250 100.300 554.230
202006 510.186 99.900 575.555
202009 518.823 99.900 585.299
202012 529.401 99.300 600.841
202103 568.914 99.900 641.808
202106 564.054 99.500 638.883
202109 574.933 100.100 647.302
202112 565.920 100.100 637.155
202203 590.268 101.100 657.994
202206 592.328 101.800 655.750
202209 579.124 103.100 633.048
202212 584.042 104.100 632.291
202303 614.352 104.400 663.194
202306 609.040 105.200 652.460
202309 632.781 106.200 671.511
202312 633.266 106.800 668.250
202403 681.959 107.200 716.948
202406 0.000 108.200 0.000
202409 681.376 108.900 705.152
202412 689.238 110.700 701.690
202503 715.447 111.100 725.750
202506 720.078 111.700 726.525
202509 735.370 112.000 739.966
202512 751.053 113.000 749.059
202603 790.723 112.700 790.723

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 2.02 mean?
Tokai Holdings (TSE:3167) has a Cyclically Adjusted PB Ratio of 2.02 as of Aug. 07, 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 Tokai Holdings and its competitors. This is near median its historical median of 1.93. Over the past decade, Tokai Holdings' Cyclically Adjusted PB Ratio has ranged from 1.67 to 2.87. According to the industry distribution chart, Tokai Holdings ranks #327 out of 463 companies in the Conglomerates industry, placing it in the top 70.6%.
Is Tokai Holdings' Cyclically Adjusted PB Ratio too high?
Tokai Holdings' current Cyclically Adjusted PB Ratio of 2.02 is near median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 2.87. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. Tokai Holdings' value of 2.02 is 98% above this industry median. Based on the distribution chart, Tokai Holdings ranks #327 out of 463 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Tokai Holdings has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokai Holdings' Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Tokai Holdings ranks #327 out of 463 companies for Cyclically Adjusted PB Ratio. This places Tokai Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. Tokai Holdings' value of 2.02 is 98% above this benchmark. Historically, Tokai Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.67 to 2.87 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 1.02, Tokai 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.02, based on 463 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. Tokai Holdings's current Cyclically Adjusted PB Ratio of 2.02 is 98% 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 Tokai Holdings and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokai Holdings's current Cyclically Adjusted PB Ratio is 2.02, which is near median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tokai Holdings (TSE:3167) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,039.97, compared to a current price of 円1,219.00 — trading 17.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.02, which is near median its 10-year median of 1.93 and 98% above the Conglomerates industry median of 1.02. Tokai Holdings' overall GF Score™ is 78/100 with 6 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 Tokai Holdings (TSE:3167), the current Cyclically Adjusted PB Ratio is 2.02 as of Aug. 07, 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 Tokai Holdings (TSE:3167) Overvalued in 2026?

Based on GuruFocus' analysis, Tokai Holdings stock appears to be overvalued. The current stock price of 円1,219.00 is trading 17.2% above its estimated GF Value™ of 円1,039.97. GuruFocus considers Tokai Holdings to be Modestly Overvalued.

Key valuation signals for TSE:3167:

  • Cyclically Adjusted PB Ratio: 2.02 (near median its 10-year median of 1.93)
  • GF Value™: 円1,039.97 vs. price of 円1,219.00 (17.2% above fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 98% above the Conglomerates median (#327 of 463)

No single metric tells the full story. See the TSE:3167 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokai Holdings Business Description

Address 2-6-8, Tokiwa-Cho, Aoi-ku, Shizuoka Prefecture, Shizuoka, JPN, 5008828
Tokai Holdings Corp is engaged in miscellaneous business operations. The scope of its activities includes energy, residential real estate and cable television. The energy business relates to the sale of liquefied petroleum gas, liquefied natural gas, oil products, high-pressure gas such as oxygen and nitrogen. The real estate division is responsible for the construction and design of residential buildings and stores. The communication division is engaged in software development, information processing service, optical fiber leasing, data transmission, and the sale of asymmetric digital subscriber line.
78GF Score

Get the complete analysis for TSE:3167

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

円1,219.00
Price
円1,039.97
GF Value