Hotland Holdings Co (TSE:3196) Cyclically Adjusted PB Ratio: 4.19 (As of Aug. 02, 2026) — 26% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3196 Hotland Holdings Co Ltd TSE:3196
76 GF Score
Price 円1,644.00
GF Value 円2,790.84
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Hotland Holdings Co Cyclically Adjusted PB Ratio?

Hotland Holdings Co TSE:3196 -1.79% 76 Cyclically Adjusted PB Ratio is 4.19 as of Aug. 02, 2026, which is 26% below its 10-year median of 5.69. GuruFocus rates TSE:3196 with a GF Score™ of 76/100 and a GF Value™ of 円2,790.84 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 254 Restaurants companies, Hotland Holdings Co ranks worse than 81.1% on this metric.

As of today (2026-08-02), Hotland Holdings Co's current share price is 円1644.00. Hotland Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円392.23. Hotland Holdings Co's Cyclically Adjusted PB Ratio for today is 4.19.

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

TSE:3196' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.98   Med: 5.69   Max: 8.25
Current: 4.14

During the past years, Hotland Holdings Co's highest Cyclically Adjusted PB Ratio was 8.25. The lowest was 3.98. And the median was 5.69.

TSE:3196's Cyclically Adjusted PB Ratio is ranked worse than
81.1% of 254 companies
in the Restaurants industry
Industry Median: 1.82 vs TSE:3196: 4.14

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.

Hotland Holdings Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円533.358. 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392.23 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hotland Holdings Co  (TSE:3196) 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.


Hotland Holdings Co Cyclically Adjusted PB Ratio Related Terms


Hotland Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hotland 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.

Hotland Holdings Co Cyclically Adjusted PB Ratio Chart

Hotland Holdings Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 6.01 5.10

Hotland Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 6.00 5.48 5.37 5.10 0.00

TSE:3196 vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Hotland 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.


Hotland Holdings Co Cyclically Adjusted PB Ratio vs Restaurants Industry

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

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


TSE:3196
76GF Score
Hotland Holdings Co Ltd TSE:3196
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hotland 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1644.00/392.23
=4.19

* 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.

Hotland Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Hotland Holdings Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=533.358/113.0000*113.0000
=533.358

Current CPI (Dec. 2025) = 113.0000.

Hotland Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 251.061 98.100 289.194
201603 248.707 97.900 287.067
201606 231.243 98.100 266.366
201609 235.634 98.000 271.700
201612 204.008 98.400 234.277
201703 208.969 98.100 240.708
201706 208.034 98.500 238.658
201709 210.854 98.800 241.159
201712 223.109 99.400 253.635
201803 220.750 99.200 251.459
201806 214.317 99.200 244.131
201809 222.942 99.900 252.177
201812 184.886 99.700 209.550
201903 205.841 99.700 233.300
201906 206.021 99.800 233.270
201909 324.823 100.100 366.683
201912 346.303 100.500 389.376
202003 360.916 100.300 406.615
202006 320.879 99.900 362.956
202009 317.627 99.900 359.278
202012 283.720 99.300 322.864
202103 337.931 99.900 382.244
202106 355.728 99.500 403.993
202109 385.732 100.100 435.442
202112 402.444 100.100 454.307
202203 434.500 101.100 485.643
202206 470.166 101.800 521.893
202209 499.171 103.100 547.103
202212 470.855 104.100 511.111
202303 483.291 104.400 523.102
202306 506.634 105.200 544.198
202309 524.890 106.200 558.499
202312 484.034 106.800 512.133
202403 522.251 107.200 550.507
202406 546.390 108.200 570.629
202412 556.747 110.700 568.314
202503 547.858 111.100 557.227
202506 529.294 111.700 535.454
202509 535.005 112.000 539.782
202512 533.358 113.000 533.358

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 4.19 mean?
Hotland Holdings Co (TSE:3196) has a Cyclically Adjusted PB Ratio of 4.19 as of Aug. 02, 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 Hotland Holdings Co and its competitors. This is 26% below median its historical median of 5.69. Over the past decade, Hotland Holdings Co's Cyclically Adjusted PB Ratio has ranged from 3.98 to 8.25. According to the industry distribution chart, Hotland Holdings Co ranks #206 out of 254 companies in the Restaurants industry, placing it in the top 81.1%.
Is Hotland Holdings Co's Cyclically Adjusted PB Ratio too high?
Hotland Holdings Co's current Cyclically Adjusted PB Ratio of 4.19 is 26% below median its 10-year median of 5.69. Over the past 10 years, this metric has ranged from a low of 3.98 to a high of 8.25. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.82. Hotland Holdings Co's value of 4.19 is 130.2% above this industry median. Based on the distribution chart, Hotland Holdings Co ranks #206 out of 254 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Hotland Holdings Co has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hotland Holdings Co's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Hotland Holdings Co ranks #206 out of 254 companies for Cyclically Adjusted PB Ratio. This places Hotland Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.82. Hotland Holdings Co's value of 4.19 is 130.2% above this benchmark. Historically, Hotland Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 3.98 to 8.25 over the past decade. While the company's 10-year median is 5.69 vs. the industry median of 1.82, Hotland 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.82, based on 254 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. Hotland Holdings Co's current Cyclically Adjusted PB Ratio of 4.19 is 130.2% 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 Hotland Holdings Co and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hotland Holdings Co's current Cyclically Adjusted PB Ratio is 4.19, which is 26% below median its own 10-year median of 5.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotland Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Hotland Holdings Co (TSE:3196) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,790.84, compared to a current price of 円1,644.00 — trading 41.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.19, which is 26% below median its 10-year median of 5.69 and 130.2% above the Restaurants industry median of 1.82. Hotland Holdings Co's overall GF Score™ is 76/100 with 3 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 Hotland Holdings Co (TSE:3196), the current Cyclically Adjusted PB Ratio is 4.19 as of Aug. 02, 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 Hotland Holdings Co (TSE:3196) Overvalued in 2026?

Based on GuruFocus' analysis, Hotland Holdings Co stock appears to be undervalued. The current stock price of 円1,644.00 is trading 41.1% below its estimated GF Value™ of 円2,790.84. GuruFocus considers Hotland Holdings Co to be Significantly Undervalued.

Key valuation signals for TSE:3196:

  • Cyclically Adjusted PB Ratio: 4.19 (26% below median its 10-year median of 5.69)
  • GF Value™: 円2,790.84 vs. price of 円1,644.00 (41.1% below fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 130.2% above the Restaurants median (#206 of 254)

No single metric tells the full story. See the TSE:3196 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hotland Holdings Co Business Description

Address 1-9-6 Shintomi, The Park Rex Shintomicho, 4th and 5th floors, Chuo-ku, Tokyo, JPN, 104-0041
Hotland Holdings Co Ltd is a Japanese company engaged in operating a restaurant chain. The brands of the company include Silver Octopus, Gindaco Highball Bar, Gindaco Bar, Gindako Highball Alley, Silver bean paste, Japan Reborn Bar, and others.
76GF Score

Get the complete analysis for TSE:3196

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

円1,644.00
Price
円2,790.84
GF Value