Dualtap Co (TSE:3469) Cyclically Adjusted PB Ratio: (As of Aug. 07, 2026)

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:3469 Dualtap Co Ltd TSE:3469
59 GF Score
Price 円902.00
GF Value 円740.34
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Dualtap Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dualtap Co  (TSE:3469) 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.


Dualtap Co Cyclically Adjusted PB Ratio Related Terms


Dualtap Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dualtap 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.

Dualtap Co Cyclically Adjusted PB Ratio Chart

Dualtap 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 1.92 1.69

Dualtap 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 0.00 1.69 0.00 0.00 0.00

Dualtap Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Dualtap 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.


Dualtap Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TSE:3469
59GF Score
Dualtap Co Ltd TSE:3469
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dualtap 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.

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

For example, Dualtap 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)
=588.052/113.0000*113.0000
=588.052

Current CPI (Dec. 2025) = 113.0000.

Dualtap Co Quarterly Data

Book Value per Share CPI Adj_Book
0.000 0.000
201506 281.000 98.400 322.693
201606 364.705 98.100 420.099
201609 349.626 98.000 403.140
201612 358.863 98.400 412.109
201703 398.164 98.100 458.639
201706 411.436 98.500 472.003
201709 455.053 98.800 520.455
201712 509.669 99.400 579.402
201803 506.476 99.200 576.933
201806 495.426 99.200 564.346
201809 477.158 99.900 539.728
201812 459.613 99.700 520.925
201903 502.352 99.700 569.366
201906 537.626 99.800 608.735
201909 516.619 100.100 583.196
201912 525.753 100.500 591.145
202003 606.422 100.300 683.207
202006 600.406 99.900 679.138
202009 572.835 99.900 647.952
202012 566.176 99.300 644.289
202103 543.056 99.900 614.268
202106 592.902 99.500 673.346
202109 571.402 100.100 645.039
202112 542.671 100.100 612.606
202203 568.176 101.100 635.053
202206 596.383 101.800 661.997
202209 680.641 103.100 745.998
202212 663.982 104.100 720.749
202303 646.468 104.400 699.721
202306 641.101 105.200 688.635
202309 580.933 106.200 618.130
202312 531.898 106.800 562.776
202403 520.428 107.200 548.585
202406 516.289 108.200 539.193
202412 516.990 110.700 527.731
202503 527.076 111.100 536.090
202506 584.668 111.700 591.473
202509 558.860 112.000 563.850
202512 588.052 113.000 588.052

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.

Is Dualtap Co (TSE:3469) Overvalued in 2026?

Based on GuruFocus' analysis, Dualtap Co stock appears to be overvalued. The current stock price of 円902.00 is trading 21.8% above its estimated GF Value™ of 円740.34. GuruFocus considers Dualtap Co to be Modestly Overvalued.

Key valuation signals for TSE:3469:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円740.34 vs. price of 円902.00 (21.8% above fair value)
  • GF Score™: 59/100 with 6 warning signs

No single metric tells the full story. See the TSE:3469 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dualtap Co Business Description

Address 4-7 Hisamatsucho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0005
Dualtap Co Ltd is a real estate company. Along with its subsidiaries, the company operates across various business segments such as the Real estate sales business, Real estate management business, Overseas real estate business, and the Sales support business. A majority of its revenue is generated from the Real estate sales business which plans and develops asset management condominiums, called XEBEC across various wards of Tokyo. The properties developed are sold to individual investors, REITs, real estate funds, corporate corporations, etc.
59GF Score

Get the complete analysis for TSE:3469

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

円902.00
Price
円740.34
GF Value