TKP (TSE:3479) Cyclically Adjusted PB Ratio: 2.42 (As of Aug. 08, 2026) — Near Median

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TSE:3479 TKP Corp TSE:3479
72 GF Score
Price 円1,843.00
GF Value 円5,181.29
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is TKP Cyclically Adjusted PB Ratio?

TKP TSE:3479 -1.81% 72 Cyclically Adjusted PB Ratio is 2.42 as of Aug. 08, 2026, which is 6% above its 10-year median of 2.29. GuruFocus rates TSE:3479 with a GF Score™ of 72/100 and a GF Value™ of 円5,181.29 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,412 Real Estate companies, TKP ranks worse than 87.75% on this metric.

As of today (2026-08-08), TKP's current share price is 円1843.00. TKP's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円760.36. TKP's Cyclically Adjusted PB Ratio for today is 2.42.

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

TSE:3479' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2   Med: 2.29   Max: 2.56
Current: 2.38

During the past years, TKP's highest Cyclically Adjusted PB Ratio was 2.56. The lowest was 2.00. And the median was 2.29.

TSE:3479's Cyclically Adjusted PB Ratio is ranked worse than
87.75% of 1412 companies
in the Real Estate industry
Industry Median: 0.68 vs TSE:3479: 2.38

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.

TKP's adjusted book value per share data for the three months ended in Feb. 2026 was 円1,319.734. 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760.36 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TKP  (TSE:3479) 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.


TKP Cyclically Adjusted PB Ratio Related Terms


TKP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TKP'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.

TKP Cyclically Adjusted PB Ratio Chart

TKP Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.70

TKP Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.00 0.00 2.70 0.00

TSE:3479 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, TKP'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.


TKP Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TSE:3479
72GF Score
TKP Corp TSE:3479
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TKP 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.

TKP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1843.00/760.36
=2.42

* 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.

TKP's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, TKP's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=1319.734/112.2000*112.2000
=1,319.734

Current CPI (Feb. 2026) = 112.2000.

TKP Quarterly Data

Book Value per Share CPI Adj_Book
201502 73.175 97.600 84.121
201602 103.107 97.800 118.288
201611 146.617 98.600 166.840
201702 148.022 98.100 169.297
201705 244.808 98.600 278.575
201708 272.198 98.500 310.057
201711 267.352 99.100 302.693
201802 264.039 99.500 297.740
201805 290.201 99.300 327.901
201808 285.018 99.800 320.431
201811 302.806 100.000 339.748
201902 327.884 99.700 368.993
201905 335.689 100.000 376.643
201908 358.218 100.000 401.921
201911 954.246 100.500 1,065.337
202002 951.481 100.300 1,064.369
202005 914.518 100.100 1,025.064
202008 888.596 100.100 996.009
202011 874.963 99.500 986.642
202102 878.076 99.800 987.176
202105 889.442 99.400 1,003.978
202108 920.956 99.700 1,036.422
202111 911.971 100.100 1,022.209
202202 908.352 100.700 1,012.086
202205 919.452 101.800 1,013.384
202208 910.674 102.700 994.914
202211 858.758 103.900 927.359
202302 786.800 104.000 848.836
202305 901.950 105.100 962.881
202308 915.354 105.900 969.808
202311 930.292 106.900 976.415
202402 961.454 106.900 1,009.122
202405 993.165 108.100 1,030.834
202408 1,029.520 109.100 1,058.773
202411 1,042.608 110.000 1,063.460
202502 1,033.459 110.800 1,046.517
202505 1,028.407 111.800 1,032.086
202508 1,032.481 112.100 1,033.402
202511 1,073.711 113.200 1,064.226
202602 1,319.734 112.200 1,319.734

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 2.42 mean?
TKP (TSE:3479) has a Cyclically Adjusted PB Ratio of 2.42 as of Aug. 08, 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 TKP and its competitors. This is near median its historical median of 2.29. Over the past decade, TKP's Cyclically Adjusted PB Ratio has ranged from 2.00 to 2.56. According to the industry distribution chart, TKP ranks #1239 out of 1412 companies in the Real Estate industry, placing it in the top 87.7%.
Is TKP's Cyclically Adjusted PB Ratio too high?
TKP's current Cyclically Adjusted PB Ratio of 2.42 is near median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 2.56. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. TKP's value of 2.42 is 255.9% above this industry median. Based on the distribution chart, TKP ranks #1239 out of 1412 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, TKP has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TKP's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, TKP ranks #1239 out of 1412 companies for Cyclically Adjusted PB Ratio. This places TKP in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. TKP's value of 2.42 is 255.9% above this benchmark. Historically, TKP's own Cyclically Adjusted PB Ratio has ranged from 2.00 to 2.56 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 0.68, TKP 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 1,412 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. TKP's current Cyclically Adjusted PB Ratio of 2.42 is 255.9% 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 TKP 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. TKP's current Cyclically Adjusted PB Ratio is 2.42, which is near median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TKP stock overvalued right now?
Based on GuruFocus' analysis, TKP (TSE:3479) is currently considered Possible Value Trap. The stock's GF Value™ is 円5,181.29, compared to a current price of 円1,843.00 — trading 64.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.42, which is near median its 10-year median of 2.29 and 255.9% above the Real Estate industry median of 0.68. TKP's overall GF Score™ is 72/100 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 TKP (TSE:3479), the current Cyclically Adjusted PB Ratio is 2.42 as of Aug. 08, 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 TKP (TSE:3479) Overvalued in 2026?

Based on GuruFocus' analysis, TKP stock appears to be undervalued. The current stock price of 円1,843.00 is trading 64.4% below its estimated GF Value™ of 円5,181.29. GuruFocus considers TKP to be Possible Value Trap.

Key valuation signals for TSE:3479:

  • Cyclically Adjusted PB Ratio: 2.42 (near median its 10-year median of 2.29)
  • GF Value™: 円5,181.29 vs. price of 円1,843.00 (64.4% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 255.9% above the Real Estate median (#1239 of 1412)

No single metric tells the full story. See the TSE:3479 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TKP Business Description

Address 8, Ichigaya Hachiman-cho, TKP Ichigaya Building 2nd Floor, Shinjuku-ku, Tokyo, JPN, 162-0844
TKP Corp is a Japan-based real estate company. It offers conference rooms & banquet halls on a rental basis. The company is also intended to provide in-house production of services associated with conferences, such as food and beverage catering, hotels and resorts, & call centers, among other services. The group operates in three segments: The Space Regeneration & Distribution Business includes flexible offices, hotels & accommodation/training facilities, food & beverage/banquets, & event production. The Lilycolor business consists of three areas: interior business, space solutions business, & real estate investment & development business. The Novarese Escri Business consists of three areas: bridal services, restaurant-focused services, & construction- & real estate-related services.
72GF Score

Get the complete analysis for TSE:3479

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

円1,843.00
Price
円5,181.29
GF Value