&Do Holdings Co (TSE:3457) Cyclically Adjusted PB Ratio: 1.52 (As of Aug. 12, 2026) — 16% Below Median

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TSE:3457 &Do Holdings Co Ltd TSE:3457
78 GF Score
Price 円937.00
GF Value 円1,134.79
Valuation Modestly Undervalued
! 7 Warning Signs
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What is &Do Holdings Co Cyclically Adjusted PB Ratio?

&Do Holdings Co TSE:3457 +1.30% 78 Cyclically Adjusted PB Ratio is 1.52 as of Aug. 12, 2026, which is 16% below its 10-year median of 1.80. GuruFocus rates TSE:3457 with a GF Score™ of 78/100 and a GF Value™ of 円1,134.79 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,410 Real Estate companies, &Do Holdings Co ranks worse than 78.23% on this metric.

As of today (2026-08-12), &Do Holdings Co's current share price is 円937.00. &Do Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円615.54. &Do Holdings Co's Cyclically Adjusted PB Ratio for today is 1.52.

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

TSE:3457' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.5   Med: 1.8   Max: 2.51
Current: 1.5

During the past years, &Do Holdings Co's highest Cyclically Adjusted PB Ratio was 2.51. The lowest was 1.50. And the median was 1.80.

TSE:3457's Cyclically Adjusted PB Ratio is ranked worse than
78.23% of 1410 companies
in the Real Estate industry
Industry Median: 0.7 vs TSE:3457: 1.50

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.

&Do Holdings Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円883.219. 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615.54 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


&Do Holdings Co  (TSE:3457) 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.


&Do Holdings Co Cyclically Adjusted PB Ratio Related Terms


&Do Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for &Do 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.

&Do Holdings Co Cyclically Adjusted PB Ratio Chart

&Do Holdings Co 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 0.00 0.00 0.00 0.00 1.94

&Do 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 2.32 1.94 1.88 1.72 0.00

TSE:3457 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, &Do 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.


&Do Holdings Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TSE:3457
78GF Score
&Do Holdings Co Ltd TSE:3457
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

&Do 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=937.00/615.54
=1.52

* 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.

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

For example, &Do 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)
=883.219/113.0000*113.0000
=883.219

Current CPI (Dec. 2025) = 113.0000.

&Do Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 110.636 98.100 127.440
201603 119.209 97.900 137.596
201606 127.991 98.100 147.431
201609 128.483 98.000 148.149
201612 141.186 98.400 162.134
201703 150.530 98.100 173.393
201706 163.510 98.500 187.580
201709 168.544 98.800 192.768
201712 359.702 99.400 408.917
201803 374.411 99.200 426.496
201806 499.653 99.200 569.161
201809 492.938 99.900 557.578
201812 512.952 99.700 581.380
201903 540.739 99.700 612.874
201906 579.529 99.800 656.180
201909 541.811 100.100 611.635
201912 558.137 100.500 627.557
202003 574.618 100.300 647.376
202006 594.082 99.900 671.985
202009 583.713 99.900 660.256
202012 615.240 99.300 700.122
202103 614.857 99.900 695.484
202106 658.502 99.500 747.846
202109 629.565 100.100 710.698
202112 667.028 100.100 752.989
202203 668.287 101.100 746.948
202206 707.933 101.800 785.820
202209 682.290 103.100 747.806
202212 731.357 104.100 793.884
202303 755.648 104.400 817.895
202306 786.601 105.200 844.923
202309 770.526 106.200 819.863
202312 812.544 106.800 859.714
202403 817.117 107.200 861.327
202406 866.523 108.200 904.964
202412 880.287 110.700 898.577
202503 900.900 111.100 916.307
202506 925.891 111.700 936.667
202509 880.643 112.000 888.506
202512 883.219 113.000 883.219

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 1.52 mean?
&Do Holdings Co (TSE:3457) has a Cyclically Adjusted PB Ratio of 1.52 as of Aug. 12, 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 &Do Holdings Co and its competitors. This is 16% below median its historical median of 1.80. Over the past decade, &Do Holdings Co's Cyclically Adjusted PB Ratio has ranged from 1.50 to 2.51. According to the industry distribution chart, &Do Holdings Co ranks #1103 out of 1410 companies in the Real Estate industry, placing it in the top 78.2%.
Is &Do Holdings Co's Cyclically Adjusted PB Ratio too high?
&Do Holdings Co's current Cyclically Adjusted PB Ratio of 1.52 is 16% below median its 10-year median of 1.80. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 2.51. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.70. &Do Holdings Co's value of 1.52 is 117.1% above this industry median. Based on the distribution chart, &Do Holdings Co ranks #1103 out of 1410 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, &Do Holdings Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does &Do Holdings Co's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, &Do Holdings Co ranks #1103 out of 1410 companies for Cyclically Adjusted PB Ratio. This places &Do Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.70. &Do Holdings Co's value of 1.52 is 117.1% above this benchmark. Historically, &Do Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 1.50 to 2.51 over the past decade. While the company's 10-year median is 1.80 vs. the industry median of 0.70, &Do 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.70, based on 1,410 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. &Do Holdings Co's current Cyclically Adjusted PB Ratio of 1.52 is 117.1% 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 &Do Holdings Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. &Do Holdings Co's current Cyclically Adjusted PB Ratio is 1.52, which is 16% below median its own 10-year median of 1.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is &Do Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, &Do Holdings Co (TSE:3457) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,134.79, compared to a current price of 円937.00 — trading 17.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.52, which is 16% below median its 10-year median of 1.80 and 117.1% above the Real Estate industry median of 0.70. &Do Holdings Co's overall GF Score™ is 78/100 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 &Do Holdings Co (TSE:3457), the current Cyclically Adjusted PB Ratio is 1.52 as of Aug. 12, 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 &Do Holdings Co (TSE:3457) Overvalued in 2026?

Based on GuruFocus' analysis, &Do Holdings Co stock appears to be undervalued. The current stock price of 円937.00 is trading 17.4% below its estimated GF Value™ of 円1,134.79. GuruFocus considers &Do Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:3457:

  • Cyclically Adjusted PB Ratio: 1.52 (16% below median its 10-year median of 1.80)
  • GF Value™: 円1,134.79 vs. price of 円937.00 (17.4% below fair value)
  • GF Score™: 78/100 with 7 warning signs
  • Industry Position: 117.1% above the Real Estate median (#1103 of 1410)

No single metric tells the full story. See the TSE:3457 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


&Do Holdings Co Business Description

Address 670, Tearamizucho, Karasuma-dori Nishiki-koji, Nakagyo-ku, Kyoto, JPN, 604-8152
&Do Holdings Co Ltd provides various services and consulting to franchised shops for buying and selling real estate. The company is also involved in the renovation business, which includes general refurbishment, planning, design, and construction of extensions and alterations; acquisition, renovation, and resale of pre-owned housing and real estate; planning and sale of newly constructed houses; sale and development of building lots; and acquisition and sale of revenue-generating and investment real estate. In addition, it engages in the planning and management of house leases, house leasebacks, and asset leasebacks; and management of leasing on blocks of revenue-generating condominiums, buildings, classified-ownership condominiums, and detached houses.
78GF Score

Get the complete analysis for TSE:3457

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

円937.00
Price
円1,134.79
GF Value