Tokyu Fudosan Holdings (TSE:3289) Cyclically Adjusted PB Ratio: 1.35 (As of Aug. 09, 2026) — 27% Above Median

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TSE:3289 Tokyu Fudosan Holdings Corp TSE:3289
67 GF Score
Price 円1,312.50
GF Value 円1,168.88
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Tokyu Fudosan Holdings Cyclically Adjusted PB Ratio?

Tokyu Fudosan Holdings TSE:3289 +1.70% 67 Cyclically Adjusted PB Ratio is 1.35 as of Aug. 09, 2026, which is 27% above its 10-year median of 1.06. GuruFocus rates TSE:3289 with a GF Score™ of 67/100 and a GF Value™ of 円1,168.88 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,412 Real Estate companies, Tokyu Fudosan Holdings ranks worse than 75.07% on this metric.

As of today (2026-08-09), Tokyu Fudosan Holdings's current share price is 円1312.50. Tokyu Fudosan Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円975.52. Tokyu Fudosan Holdings's Cyclically Adjusted PB Ratio for today is 1.35.

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

TSE:3289' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.06   Max: 1.63
Current: 1.35

During the past years, Tokyu Fudosan Holdings's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.64. And the median was 1.06.

TSE:3289's Cyclically Adjusted PB Ratio is ranked worse than
75.07% of 1412 companies
in the Real Estate industry
Industry Median: 0.69 vs TSE:3289: 1.35

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.

Tokyu Fudosan Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,260.051. 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975.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokyu Fudosan Holdings  (TSE:3289) 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.


Tokyu Fudosan Holdings Cyclically Adjusted PB Ratio Related Terms


Tokyu Fudosan Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tokyu Fudosan 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.

Tokyu Fudosan Holdings Cyclically Adjusted PB Ratio Chart

Tokyu Fudosan 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 0.94 0.81 1.47 1.09 1.36

Tokyu Fudosan 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 1.09 1.10 1.29 1.48 1.36

Tokyu Fudosan Holdings Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Tokyu Fudosan 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.


Tokyu Fudosan Holdings Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TSE:3289
67GF Score
Tokyu Fudosan Holdings Corp TSE:3289
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyu Fudosan 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1312.50/975.52
=1.35

* 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.

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

For example, Tokyu Fudosan 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)
=1260.051/112.7000*112.7000
=1,260.051

Current CPI (Mar. 2026) = 112.7000.

Tokyu Fudosan Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 681.249 98.100 782.638
201609 691.493 98.000 795.217
201612 704.278 98.400 806.627
201703 726.586 98.100 834.722
201706 728.276 98.500 833.266
201709 742.902 98.800 847.420
201712 757.465 99.400 858.816
201803 768.848 99.200 873.480
201806 767.258 99.200 871.673
201809 788.203 99.900 889.194
201812 760.377 99.700 859.523
201903 780.783 99.700 882.590
201906 779.541 99.800 880.303
201909 799.819 100.100 900.496
201912 800.585 100.500 897.770
202003 811.037 100.300 911.305
202006 782.917 99.900 883.231
202009 805.503 99.900 908.711
202012 809.374 99.300 918.595
202103 829.496 99.900 935.778
202106 836.305 99.500 947.252
202109 850.864 100.100 957.966
202112 861.518 100.100 969.961
202203 878.325 101.100 979.102
202206 904.115 101.800 1,000.921
202209 951.391 103.100 1,039.978
202212 960.682 104.100 1,040.047
202303 964.780 104.400 1,041.482
202306 991.832 105.200 1,062.542
202309 1,036.391 106.200 1,099.824
202312 1,034.655 106.800 1,091.813
202403 1,053.052 107.200 1,107.080
202406 1,079.212 108.200 1,124.096
202409 1,099.071 108.900 1,137.422
202412 1,067.312 110.700 1,086.595
202503 1,150.274 111.100 1,166.840
202506 1,155.304 111.700 1,165.647
202509 1,183.991 112.000 1,191.391
202512 1,182.518 113.000 1,179.379
202603 1,260.051 112.700 1,260.051

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 1.35 mean?
Tokyu Fudosan Holdings (TSE:3289) has a Cyclically Adjusted PB Ratio of 1.35 as of Aug. 09, 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 Tokyu Fudosan Holdings and its competitors. This is 27% above median its historical median of 1.06. Over the past decade, Tokyu Fudosan Holdings' Cyclically Adjusted PB Ratio has ranged from 0.64 to 1.63. According to the industry distribution chart, Tokyu Fudosan Holdings ranks #1060 out of 1412 companies in the Real Estate industry, placing it in the top 75.1%.
Is Tokyu Fudosan Holdings' Cyclically Adjusted PB Ratio too high?
Tokyu Fudosan Holdings' current Cyclically Adjusted PB Ratio of 1.35 is 27% above median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.63. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Tokyu Fudosan Holdings' value of 1.35 is 95.7% above this industry median. Based on the distribution chart, Tokyu Fudosan Holdings ranks #1060 out of 1412 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Tokyu Fudosan Holdings has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyu Fudosan Holdings' Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Tokyu Fudosan Holdings ranks #1060 out of 1412 companies for Cyclically Adjusted PB Ratio. This places Tokyu Fudosan Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Tokyu Fudosan Holdings' value of 1.35 is 95.7% above this benchmark. Historically, Tokyu Fudosan Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.64 to 1.63 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 0.69, Tokyu Fudosan 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,412 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. Tokyu Fudosan Holdings's current Cyclically Adjusted PB Ratio of 1.35 is 95.7% 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 Tokyu Fudosan Holdings 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. Tokyu Fudosan Holdings's current Cyclically Adjusted PB Ratio is 1.35, which is 27% above 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 Tokyu Fudosan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tokyu Fudosan Holdings (TSE:3289) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,168.88, compared to a current price of 円1,312.50 — trading 12.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.35, which is 27% above median its 10-year median of 1.06 and 95.7% above the Real Estate industry median of 0.69. Tokyu Fudosan Holdings' overall GF Score™ is 67/100 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 Tokyu Fudosan Holdings (TSE:3289), the current Cyclically Adjusted PB Ratio is 1.35 as of Aug. 09, 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 Tokyu Fudosan Holdings (TSE:3289) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyu Fudosan Holdings stock appears to be overvalued. The current stock price of 円1,312.50 is trading 12.3% above its estimated GF Value™ of 円1,168.88. GuruFocus considers Tokyu Fudosan Holdings to be Modestly Overvalued.

Key valuation signals for TSE:3289:

  • Cyclically Adjusted PB Ratio: 1.35 (27% above median its 10-year median of 1.06)
  • GF Value™: 円1,168.88 vs. price of 円1,312.50 (12.3% above fair value)
  • GF Score™: 67/100 with 2 warning signs
  • Industry Position: 95.7% above the Real Estate median (#1060 of 1412)

No single metric tells the full story. See the TSE:3289 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyu Fudosan Holdings Business Description

Other Exchanges TTUUF:USA
Address Shin-nanpeidai Tokyu Building, Dogenzaka 1-21-2, Shibuya-ku, Tokyo, JPN
Tokyu Fudosan Holdings Corp engages in the management and administration of a host of businesses. The business that compose Tokyu Fudosan Holdings operate in the following business segments: urban development, residential, wellness, innovation, property management, real estate agency, and tokyu hands. Altogether, the group develops, leases, and operates office buildings, commercial facilities, rental residences, and other properties. Tokyu's host of businesses also engage in management and operation of resort facilities, sports clubs, and senior housing. Businesses like the innovation segment serve as a complement and include overseas operations, custom homes, renovation, and landscaping.
67GF Score

Get the complete analysis for TSE:3289

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

円1,312.50
Price
円1,168.88
GF Value