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The historical rank and industry rank for Hogy Medical Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:3593'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98 Med: 1.26 Max: 2.16
Current: 1.89
During the past years, Hogy Medical Co's highest Cyclically Adjusted PB Ratio was 2.16. The lowest was 0.98. And the median was 1.26.
TSE:3593's Cyclically Adjusted PB Ratio is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 1.8
vs TSE:3593: 1.89
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.
Hogy Medical Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円3,454.638. 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3,528.12 for the trailing ten years ended in Dec. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
Hogy Medical Co (TSE:3593) 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.
Hogy Medical Co Cyclically Adjusted PB Ratio Related Terms
Hogy Medical Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Hogy Medical 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.
Hogy Medical Co Cyclically Adjusted PB Ratio Chart
TSE:3593 vs ISRG, BDX, MDLN: Cyclically Adjusted PB Ratio Comparison
For the Medical Instruments & Supplies subindustry, Hogy Medical 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.
Hogy Medical Co Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Hogy Medical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Hogy Medical Co's Cyclically Adjusted PB Ratio falls into.
Hogy Medical 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.
Hogy Medical Co's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.89 mean?
Hogy Medical Co (TSE:3593) has a Cyclically Adjusted PB Ratio of 1.89 as of Sep. 22, 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 Hogy Medical Co and its competitors. This is 50% above median its historical median of 1.26. Over the past decade, Hogy Medical Co's Cyclically Adjusted PB Ratio has ranged from 0.98 to 2.16.
Is Hogy Medical Co's Cyclically Adjusted PB Ratio too high?
Hogy Medical Co's current Cyclically Adjusted PB Ratio of 1.89 is 50% above median its 10-year median of 1.26. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 2.16. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.80. Hogy Medical Co's value of 1.89 is 5% above this industry median. Overall, Hogy Medical Co has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Hogy Medical Co's Cyclically Adjusted PB Ratio compare to ISRG and BDX?
Hogy Medical Co's Cyclically Adjusted PB Ratio of 1.89 can be compared against companies in the Medical Devices & Instruments industry. The industry median Cyclically Adjusted PB Ratio is 1.80. Hogy Medical Co's value of 1.89 is 5% above this benchmark. Historically, Hogy Medical Co's own Cyclically Adjusted PB Ratio has ranged from 0.98 to 2.16 over the past decade. While the company's 10-year median is 1.26 vs. the industry median of 1.80, Hogy Medical 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.80, based on 513 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. Hogy Medical Co's current Cyclically Adjusted PB Ratio of 1.89 is 5% 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 Hogy Medical Co and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hogy Medical Co's current Cyclically Adjusted PB Ratio is 1.89, which is 50% above median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hogy Medical Co stock overvalued right now?
Hogy Medical Co (TSE:3593) has a current Cyclically Adjusted PB Ratio of 1.89. The stock's GF Value™ is 円4,421.98, compared to a current price of 円6,660.00 — trading 50.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.89, which is 50% above median its 10-year median of 1.26 and 5% above the Medical Devices & Instruments industry median of 1.80. Hogy Medical Co's overall GF Score™ is 47/100 with 10 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 Hogy Medical Co (TSE:3593), the current Cyclically Adjusted PB Ratio is 1.89 as of Sep. 22, 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 Hogy Medical Co (TSE:3593) Overvalued in 2026?
Based on GuruFocus' analysis, Hogy Medical Co stock appears to be overvalued.
The current stock price of 円6,660.00 is trading 50.6% above its estimated GF Value™ of 円4,421.98.
Key valuation signals for TSE:3593:
Cyclically Adjusted PB Ratio: 1.89 (50% above median its 10-year median of 1.26)
GF Value™: 円4,421.98 vs. price of 円6,660.00 (50.6% above fair value)
Industry Position: 5% above the Medical Devices & Instruments median
No single metric tells the full story. See the TSE:3593 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hogy Medical Co Ltd is a Japanese manufacturer of medical consumables and sterile supply products used in hospitals and other healthcare facilities. Its product range includes procedure kits containing sterilized surgical supplies tailored to specific operations, nonwoven products such as surgical gowns, caps, and equipment covers, and sterilization products, most notably the Mekkin sterilization pouch. These items are used in operating rooms, hospital wards, material rooms, and administrative areas, with surgical-use products accounting for the largest share of sales. The company also provides related systems and services that support supply management and safety in clinical settings. Hogy Medical sells primarily to hospitals, medical institutions, and distributors in Japan, which generates the vast majority of its revenue, while also pursuing overseas markets. Its revenue model centers on recurring sales of disposable medical supplies and sterilization consumables, supplemented by kit assembly and related service offerings.
47GF Score
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