Toubujyuhan Co (TSE:3297) Cyclically Adjusted PB Ratio: 0.93 (As of Aug. 20, 2026) — Near 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:3297 Toubujyuhan Co Ltd TSE:3297
70 GF Score
Price 円1,184.00
GF Value 円1,261.64
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Toubujyuhan Co Cyclically Adjusted PB Ratio?

Toubujyuhan Co TSE:3297 -0.25% 70 Cyclically Adjusted PB Ratio is 0.93 as of Aug. 20, 2026, which is 6% below its 10-year median of 0.99. GuruFocus rates TSE:3297 with a GF Score™ of 70/100 and a GF Value™ of 円1,261.64 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,385 Real Estate companies, Toubujyuhan Co ranks worse than 61.37% on this metric.

As of today (2026-08-20), Toubujyuhan Co's current share price is 円1184.00. Toubujyuhan Co's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2025 was 円1,266.48. Toubujyuhan Co's Cyclically Adjusted PB Ratio for today is 0.93.

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

TSE:3297' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 0.99   Max: 1.15
Current: 0.93

During the past years, Toubujyuhan Co's highest Cyclically Adjusted PB Ratio was 1.15. The lowest was 0.87. And the median was 0.99.

TSE:3297's Cyclically Adjusted PB Ratio is ranked worse than
61.37% of 1385 companies
in the Real Estate industry
Industry Median: 0.68 vs TSE:3297: 0.93

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.

Toubujyuhan Co's adjusted book value per share data for the three months ended in Nov. 2025 was 円1,642.032. 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1,266.48 for the trailing ten years ended in Nov. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toubujyuhan Co  (TSE:3297) 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.


Toubujyuhan Co Cyclically Adjusted PB Ratio Related Terms


Toubujyuhan Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Toubujyuhan 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.

Toubujyuhan Co Cyclically Adjusted PB Ratio Chart

Toubujyuhan Co Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.98 0.94

Toubujyuhan Co Quarterly Data
Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Nov25 Feb26
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 0.98 0.89 0.94 0.90 0.00

TSE:3297 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Toubujyuhan 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.


Toubujyuhan Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TSE:3297
70GF Score
Toubujyuhan Co Ltd TSE:3297
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toubujyuhan 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1184.00/1266.48
=0.93

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Nov. 2025 (Change)*Current CPI (Nov. 2025)
=1642.032/113.2000*113.2000
=1,642.032

Current CPI (Nov. 2025) = 113.2000.

Toubujyuhan Co Quarterly Data

Book Value per Share CPI Adj_Book
201505 614.825 98.700 705.149
201508 627.047 98.400 721.359
201511 666.192 98.100 768.735
201602 691.093 97.800 799.915
201605 725.680 98.200 836.527
201608 737.524 97.900 852.786
201611 781.937 98.600 897.721
201702 794.472 98.100 916.761
201705 843.479 98.600 968.375
201708 863.593 98.500 992.474
201711 906.829 99.100 1,035.853
201802 938.074 99.500 1,067.236
201805 966.289 99.300 1,101.550
201808 984.819 99.800 1,117.049
201811 1,031.731 100.000 1,167.919
201902 1,054.169 99.700 1,196.910
201905 1,094.882 100.000 1,239.406
201908 1,080.331 100.000 1,222.935
201911 1,116.369 100.500 1,257.442
202002 1,127.490 100.300 1,272.501
202005 1,172.343 100.100 1,325.767
202008 1,178.491 100.100 1,332.719
202011 1,234.213 99.500 1,404.150
202102 1,246.337 99.800 1,413.681
202105 1,285.169 99.400 1,463.593
202108 1,285.279 99.700 1,459.314
202111 1,329.509 100.100 1,503.501
202202 1,335.337 100.700 1,501.094
202205 1,398.548 101.800 1,555.163
202208 1,393.391 102.700 1,535.851
202211 1,445.821 103.900 1,575.235
202302 1,450.885 104.000 1,579.233
202305 1,502.870 105.100 1,618.695
202308 1,475.781 105.900 1,577.511
202311 1,488.207 106.900 1,575.912
202402 1,497.646 106.900 1,585.908
202405 1,546.657 108.100 1,619.626
202411 1,552.013 110.000 1,597.162
202505 1,633.956 111.800 1,654.417
202511 1,642.032 113.200 1,642.032

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 0.93 mean?
Toubujyuhan Co (TSE:3297) has a Cyclically Adjusted PB Ratio of 0.93 as of Aug. 20, 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 Toubujyuhan Co and its competitors. This is near median its historical median of 0.99. Over the past decade, Toubujyuhan Co's Cyclically Adjusted PB Ratio has ranged from 0.87 to 1.15. According to the industry distribution chart, Toubujyuhan Co ranks #850 out of 1385 companies in the Real Estate industry, placing it in the top 61.4%.
Is Toubujyuhan Co's Cyclically Adjusted PB Ratio too high?
Toubujyuhan Co's current Cyclically Adjusted PB Ratio of 0.93 is near median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 1.15. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Toubujyuhan Co's value of 0.93 is 36.8% above this industry median. Based on the distribution chart, Toubujyuhan Co ranks #850 out of 1385 companies in the Real Estate industry, which is below the industry midpoint. Overall, Toubujyuhan Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toubujyuhan Co's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Toubujyuhan Co ranks #850 out of 1385 companies for Cyclically Adjusted PB Ratio. This places Toubujyuhan Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. Toubujyuhan Co's value of 0.93 is 36.8% above this benchmark. Historically, Toubujyuhan Co's own Cyclically Adjusted PB Ratio has ranged from 0.87 to 1.15 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.68, Toubujyuhan 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.68, based on 1,385 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. Toubujyuhan Co's current Cyclically Adjusted PB Ratio of 0.93 is 36.8% 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 Toubujyuhan Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toubujyuhan Co's current Cyclically Adjusted PB Ratio is 0.93, which is near median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toubujyuhan Co stock overvalued right now?
Based on GuruFocus' analysis, Toubujyuhan Co (TSE:3297) is currently considered Fairly Valued. The stock's GF Value™ is 円1,261.64, compared to a current price of 円1,184.00 — trading 6.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is near median its 10-year median of 0.99 and 36.8% above the Real Estate industry median of 0.68. Toubujyuhan Co's overall GF Score™ is 70/100 with 5 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 Toubujyuhan Co (TSE:3297), the current Cyclically Adjusted PB Ratio is 0.93 as of Aug. 20, 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 Toubujyuhan Co (TSE:3297) Overvalued in 2026?

Based on GuruFocus' analysis, Toubujyuhan Co stock appears to be undervalued. The current stock price of 円1,184.00 is trading 6.2% below its estimated GF Value™ of 円1,261.64. GuruFocus considers Toubujyuhan Co to be Fairly Valued.

Key valuation signals for TSE:3297:

  • Cyclically Adjusted PB Ratio: 0.93 (near median its 10-year median of 0.99)
  • GF Value™: 円1,261.64 vs. price of 円1,184.00 (6.2% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 36.8% above the Real Estate median (#850 of 1385)

No single metric tells the full story. See the TSE:3297 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toubujyuhan Co Business Description

Address 11-46 Misakimachi, Yamaguchi Prefecture, Shimonoseki, JPN, 750-0014
Toubujyuhan Co Ltd is engaged in real estate services including real estate leasing, buying and selling of real estate, selling of real estate-related products, and others.
70GF Score

Get the complete analysis for TSE:3297

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

円1,184.00
Price
円1,261.64
GF Value