Global (TSE:3271) Cyclically Adjusted PB Ratio: 3.10 (As of Jul. 30, 2026) — 377% Above Median

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TSE:3271 Global Ltd TSE:3271
54 GF Score
Price 円1,270.00
GF Value 円819.30
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Global Cyclically Adjusted PB Ratio?

Global TSE:3271 54 Cyclically Adjusted PB Ratio is 3.10 as of Jul. 30, 2026, which is 377% above its 10-year median of 0.65. GuruFocus rates TSE:3271 with a GF Score™ of 54/100 and a GF Value™ of 円819.30 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,418 Real Estate companies, Global ranks worse than 90.55% on this metric.

As of today (2026-07-30), Global's current share price is 円1270.00. Global's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円409.58. Global's Cyclically Adjusted PB Ratio for today is 3.10.

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

TSE:3271' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.65   Max: 3.12
Current: 3.1

During the past years, Global's highest Cyclically Adjusted PB Ratio was 3.12. The lowest was 0.33. And the median was 0.65.

TSE:3271's Cyclically Adjusted PB Ratio is ranked worse than
90.55% of 1418 companies
in the Real Estate industry
Industry Median: 0.69 vs TSE:3271: 3.10

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.

Global's adjusted book value per share data for the three months ended in Dec. 2025 was 円369.144. 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409.58 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Global  (TSE:3271) 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.


Global Cyclically Adjusted PB Ratio Related Terms


Global Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Global'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.

Global Cyclically Adjusted PB Ratio Chart

Global Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.34 0.61 1.18 2.52

Global 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 2.18 2.52 2.71 2.25 0.00

Global Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Global'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.


Global Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Global's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3271
54GF Score
Global Ltd TSE:3271
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Global 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.

Global's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1270.00/409.58
=3.10

* 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.

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

For example, Global'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)
=369.144/113.0000*113.0000
=369.144

Current CPI (Dec. 2025) = 113.0000.

Global Quarterly Data

Book Value per Share CPI Adj_Book
201512 483.182 98.100 556.570
201603 493.716 97.900 569.866
201606 503.764 98.100 580.279
201609 482.082 98.000 555.870
201612 489.332 98.400 561.936
201703 493.349 98.100 568.282
201706 557.707 98.500 639.806
201709 518.794 98.800 593.358
201712 515.233 99.400 585.728
201803 489.894 99.200 558.045
201806 689.503 99.200 785.422
201809 629.698 99.900 712.271
201812 584.705 99.700 662.705
201903 568.639 99.700 644.496
201906 707.317 99.800 800.870
201909 604.960 100.100 682.922
201912 554.555 100.500 623.530
202003 452.207 100.300 509.466
202006 323.813 99.900 366.275
202009 308.909 99.900 349.417
202012 225.789 99.300 256.940
202103 175.796 99.900 198.848
202106 115.832 99.500 131.548
202109 118.303 100.100 133.549
202112 119.808 100.100 135.248
202203 126.391 101.100 141.268
202206 127.075 101.800 141.056
202209 129.838 103.100 142.305
202212 132.385 104.100 143.703
202303 129.025 104.400 139.653
202306 186.964 105.200 200.826
202309 200.064 106.200 212.874
202312 219.218 106.800 231.944
202403 241.969 107.200 255.061
202406 281.114 108.200 293.585
202412 302.817 110.700 309.109
202503 292.006 111.100 297.000
202506 383.425 111.700 387.887
202509 351.339 112.000 354.476
202512 369.144 113.000 369.144

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 3.10 mean?
Global (TSE:3271) has a Cyclically Adjusted PB Ratio of 3.10 as of Jul. 30, 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 Global and its competitors. This is 377% above median its historical median of 0.65. Over the past decade, Global's Cyclically Adjusted PB Ratio has ranged from 0.33 to 3.12. According to the industry distribution chart, Global ranks #1284 out of 1418 companies in the Real Estate industry, placing it in the top 90.6%.
Is Global's Cyclically Adjusted PB Ratio too high?
Global's current Cyclically Adjusted PB Ratio of 3.10 is 377% above median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 3.12. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Global's value of 3.10 is 349.3% above this industry median. Based on the distribution chart, Global ranks #1284 out of 1418 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Global has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Global's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Global ranks #1284 out of 1418 companies for Cyclically Adjusted PB Ratio. This places Global in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Global's value of 3.10 is 349.3% above this benchmark. Historically, Global's own Cyclically Adjusted PB Ratio has ranged from 0.33 to 3.12 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.69, Global 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,418 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. Global's current Cyclically Adjusted PB Ratio of 3.10 is 349.3% 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 Global and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global's current Cyclically Adjusted PB Ratio is 3.10, which is 377% above median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global stock overvalued right now?
Based on GuruFocus' analysis, Global (TSE:3271) is currently considered Significantly Overvalued. The stock's GF Value™ is 円819.30, compared to a current price of 円1,270.00 — trading 55% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.10, which is 377% above median its 10-year median of 0.65 and 349.3% above the Real Estate industry median of 0.69. Global's overall GF Score™ is 54/100 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 Global (TSE:3271), the current Cyclically Adjusted PB Ratio is 3.10 as of Jul. 30, 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 Global (TSE:3271) Overvalued in 2026?

Based on GuruFocus' analysis, Global stock appears to be overvalued. The current stock price of 円1,270.00 is trading 55% above its estimated GF Value™ of 円819.30. GuruFocus considers Global to be Significantly Overvalued.

Key valuation signals for TSE:3271:

  • Cyclically Adjusted PB Ratio: 3.10 (377% above median its 10-year median of 0.65)
  • GF Value™: 円819.30 vs. price of 円1,270.00 (55% above fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 349.3% above the Real Estate median (#1284 of 1418)

No single metric tells the full story. See the TSE:3271 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Global Business Description

Address 2-4-1 Nishi-Shinjuku, Floor 18, Shinjuku-NS building, Shinjuku-ku, Tokyo, JPN, 163-0818
Global Ltd is a Japan-based company engaged in the real estate business based in the metropolitan area, including the development and sale of condominiums and profitable properties.
54GF Score

Get the complete analysis for TSE:3271

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

円1,270.00
Price
円819.30
GF Value