AZoom Co (TSE:3496) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:3496 AZoom Co Ltd TSE:3496
97 GF Score
Price 円4,900.00
GF Value 円5,647.30
Valuation Modestly Undervalued
! 2 Warning Signs
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What is AZoom Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


AZoom Co  (TSE:3496) 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.


AZoom Co Cyclically Adjusted PB Ratio Related Terms


AZoom Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AZoom 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.

AZoom Co Cyclically Adjusted PB Ratio Chart

AZoom Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 30.97

AZoom Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 - 30.97 31.96 26.57 24.87

TSE:3496 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, AZoom 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.


AZoom Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TSE:3496
97GF Score
AZoom Co Ltd TSE:3496
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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AZoom 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.

AZoom Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 is calculated as:

For example, AZoom Co's adjusted Book Value per Share data for the fiscal year that ended in Sep25 was:

Adj_Book=Book Value per Share/CPI of Sep25 (Change)*Current CPI (Sep25)
=556.643/112.0000*112.0000
=556.643

Current CPI (Sep25) = 112.0000.

AZoom Co Annual Data

Book Value per Share CPI Adj_Book
201609 -8.830 98.000 -10.091
201709 2.950 98.800 3.344
201809 71.768 99.900 80.461
201909 76.438 100.100 85.525
202009 82.845 99.900 92.879
202109 111.240 100.100 124.464
202209 150.277 103.100 163.250
202309 218.289 106.200 230.211
202409 317.278 108.900 326.310
202509 556.643 112.000 556.643

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 AZoom Co (TSE:3496) Overvalued in 2026?

Based on GuruFocus' analysis, AZoom Co stock appears to be undervalued. The current stock price of 円4,900.00 is trading 13.2% below its estimated GF Value™ of 円5,647.30. GuruFocus considers AZoom Co to be Modestly Undervalued.

Key valuation signals for TSE:3496:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円5,647.30 vs. price of 円4,900.00 (13.2% below fair value)
  • GF Score™: 97/100 with 2 warning signs

No single metric tells the full story. See the TSE:3496 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AZoom Co Business Description

Address 2-1-1, Yoyogi, 16th Floor, Shinjuku Mines Tower, Shibuya-Ku, Tokyo, JPN, 151-0053
AZoom Co Ltd offers commercial services. It engages in buying and selling, mediation, management, and leasing of real estate. The company mainly provides outsourced parking lot operations for property owners. It is also involved in business development through the Internet; Internet media development and operation, and management of parking lots.
97GF Score

Get the complete analysis for TSE:3496

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

円4,900.00
Price
円5,647.30
GF Value