MUGEN ESTATE Co (TSE:3299) Cyclically Adjusted PB Ratio: 1.80 (As of Aug. 03, 2026) — Near Median

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TSE:3299 MUGEN ESTATE Co Ltd TSE:3299
71 GF Score
Price 円1,907.00
GF Value 円2,060.27
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is MUGEN ESTATE Co Cyclically Adjusted PB Ratio?

MUGEN ESTATE Co TSE:3299 -1.80% 71 Cyclically Adjusted PB Ratio is 1.80 as of Aug. 03, 2026, which is 4% below its 10-year median of 1.87. GuruFocus rates TSE:3299 with a GF Score™ of 71/100 and a GF Value™ of 円2,060.27 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,414 Real Estate companies, MUGEN ESTATE Co ranks worse than 83.17% on this metric.

As of today (2026-08-03), MUGEN ESTATE Co's current share price is 円1907.00. MUGEN ESTATE Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円1,058.11. MUGEN ESTATE Co's Cyclically Adjusted PB Ratio for today is 1.80.

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

TSE:3299' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.19   Med: 1.87   Max: 2.48
Current: 1.86

During the past years, MUGEN ESTATE Co's highest Cyclically Adjusted PB Ratio was 2.48. The lowest was 1.19. And the median was 1.87.

TSE:3299's Cyclically Adjusted PB Ratio is ranked worse than
83.17% of 1414 companies
in the Real Estate industry
Industry Median: 0.69 vs TSE:3299: 1.86

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.

MUGEN ESTATE Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円1,524.420. 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1,058.11 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


MUGEN ESTATE Co  (TSE:3299) 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.


MUGEN ESTATE Co Cyclically Adjusted PB Ratio Related Terms


MUGEN ESTATE Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MUGEN ESTATE 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.

MUGEN ESTATE Co Cyclically Adjusted PB Ratio Chart

MUGEN ESTATE 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 1.25 1.97 1.76

MUGEN ESTATE 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 2.36 2.00 2.10 1.76 0.00

MUGEN ESTATE Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, MUGEN ESTATE 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.


MUGEN ESTATE Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TSE:3299
71GF Score
MUGEN ESTATE Co Ltd TSE:3299
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MUGEN ESTATE 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1907.00/1058.11
=1.80

* 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.

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

For example, MUGEN ESTATE 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)
=1524.42/113.0000*113.0000
=1,524.420

Current CPI (Dec. 2025) = 113.0000.

MUGEN ESTATE Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 500.407 98.100 576.412
201603 550.286 97.900 635.162
201606 590.918 98.100 680.670
201609 630.649 98.000 727.177
201612 638.760 98.400 733.535
201703 661.162 98.100 761.583
201706 709.959 98.500 814.471
201709 759.481 98.800 868.637
201712 794.046 99.400 902.688
201803 803.285 99.200 915.032
201806 827.593 99.200 942.722
201809 852.592 99.900 964.393
201812 907.393 99.700 1,028.439
201903 893.067 99.700 1,012.202
201906 914.659 99.800 1,035.636
201909 939.493 100.100 1,060.567
201912 948.544 100.500 1,066.522
202003 929.605 100.300 1,047.312
202006 931.565 99.900 1,053.722
202009 916.260 99.900 1,036.410
202012 942.616 99.300 1,072.665
202103 947.162 99.900 1,071.364
202106 963.635 99.500 1,094.379
202109 977.564 100.100 1,103.544
202112 990.326 100.100 1,117.950
202203 986.116 101.100 1,102.187
202206 1,006.904 101.800 1,117.683
202209 1,025.230 103.100 1,123.676
202212 1,048.542 104.100 1,138.187
202303 1,064.567 104.400 1,152.261
202306 1,113.152 105.200 1,195.686
202309 1,160.757 106.200 1,235.080
202312 1,181.641 106.800 1,250.238
202403 1,146.289 107.200 1,208.308
202406 1,250.127 108.200 1,305.585
202412 1,378.443 110.700 1,407.083
202503 1,351.884 111.100 1,375.004
202506 1,421.899 111.700 1,438.448
202509 1,414.542 112.000 1,427.172
202512 1,524.420 113.000 1,524.420

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 1.80 mean?
MUGEN ESTATE Co (TSE:3299) has a Cyclically Adjusted PB Ratio of 1.80 as of Aug. 03, 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 MUGEN ESTATE Co and its competitors. This is near median its historical median of 1.87. Over the past decade, MUGEN ESTATE Co's Cyclically Adjusted PB Ratio has ranged from 1.19 to 2.48. According to the industry distribution chart, MUGEN ESTATE Co ranks #1176 out of 1414 companies in the Real Estate industry, placing it in the top 83.2%.
Is MUGEN ESTATE Co's Cyclically Adjusted PB Ratio too high?
MUGEN ESTATE Co's current Cyclically Adjusted PB Ratio of 1.80 is near median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 2.48. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. MUGEN ESTATE Co's value of 1.80 is 160.9% above this industry median. Based on the distribution chart, MUGEN ESTATE Co ranks #1176 out of 1414 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, MUGEN ESTATE Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MUGEN ESTATE Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, MUGEN ESTATE Co ranks #1176 out of 1414 companies for Cyclically Adjusted PB Ratio. This places MUGEN ESTATE Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. MUGEN ESTATE Co's value of 1.80 is 160.9% above this benchmark. Historically, MUGEN ESTATE Co's own Cyclically Adjusted PB Ratio has ranged from 1.19 to 2.48 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 0.69, MUGEN ESTATE 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 0.69, based on 1,414 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. MUGEN ESTATE Co's current Cyclically Adjusted PB Ratio of 1.80 is 160.9% 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 MUGEN ESTATE Co 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. MUGEN ESTATE Co's current Cyclically Adjusted PB Ratio is 1.80, which is near median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MUGEN ESTATE Co stock overvalued right now?
Based on GuruFocus' analysis, MUGEN ESTATE Co (TSE:3299) is currently considered Fairly Valued. The stock's GF Value™ is 円2,060.27, compared to a current price of 円1,907.00 — trading 7.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.80, which is near median its 10-year median of 1.87 and 160.9% above the Real Estate industry median of 0.69. MUGEN ESTATE Co's overall GF Score™ is 71/100 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 MUGEN ESTATE Co (TSE:3299), the current Cyclically Adjusted PB Ratio is 1.80 as of Aug. 03, 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 MUGEN ESTATE Co (TSE:3299) Overvalued in 2026?

Based on GuruFocus' analysis, MUGEN ESTATE Co stock appears to be undervalued. The current stock price of 円1,907.00 is trading 7.4% below its estimated GF Value™ of 円2,060.27. GuruFocus considers MUGEN ESTATE Co to be Fairly Valued.

Key valuation signals for TSE:3299:

  • Cyclically Adjusted PB Ratio: 1.80 (near median its 10-year median of 1.87)
  • GF Value™: 円2,060.27 vs. price of 円1,907.00 (7.4% below fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 160.9% above the Real Estate median (#1176 of 1414)

No single metric tells the full story. See the TSE:3299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MUGEN ESTATE Co Business Description

Address No. 19 No. 3, Mugen Nihonbashi Building, Hamamatsu-cho Sanchome 19, Tokyo, JPN, 103-0007
MUGEN ESTATE Co Ltd is a Japanese real estate company. The company offers a diverse portfolio of versatile properties including residential-type owned condominiums, investment-type condominiums and office buildings. The company is involved in buying and selling of properties, leasing business, brokerage business, property management business, and interior and exterior refurbishment business.
71GF Score

Get the complete analysis for TSE:3299

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

円1,907.00
Price
円2,060.27
GF Value