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.
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.
Healios KKTSE:4593 -2.77%51 Cyclically Adjusted PB Ratio is 1.51 as of Aug. 06, 2026, which is 21% below its 10-year median of 1.92. GuruFocus rates TSE:4593 with a GF Score™ of 51/100 and a GF Value™ of 円56.30 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 695 Biotechnology companies, Healios KK ranks better than 52.37% on this metric.
The historical rank and industry rank for Healios KK's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:4593'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93 Med: 1.92 Max: 3.96
Current: 1.47
During the past years, Healios KK's highest Cyclically Adjusted PB Ratio was 3.96. The lowest was 0.93. And the median was 1.92.
TSE:4593's Cyclically Adjusted PB Ratio is ranked better than 52.37% of 695
companies
in the Biotechnology industry
Industry Median: 1.58
vs TSE:4593: 1.47
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.
Healios KK's adjusted book value per share data for the three months ended in Mar. 2026 was 円55.903. 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162.71 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Healios KK (TSE:4593) 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.
Healios KK Cyclically Adjusted PB Ratio Related Terms
Healios KK Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Healios KK'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.
TSE:4593 vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison
For the Biotechnology subindustry, Healios KK'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.
Healios KK Cyclically Adjusted PB Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Healios KK's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Healios KK's Cyclically Adjusted PB Ratio falls into.
Healios KK 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.
Healios KK'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 1.51 mean?
Healios KK (TSE:4593) has a Cyclically Adjusted PB Ratio of 1.51 as of Aug. 06, 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 Healios KK and its competitors. This is 21% below median its historical median of 1.92. Over the past decade, Healios KK's Cyclically Adjusted PB Ratio has ranged from 0.93 to 3.96. According to the industry distribution chart, Healios KK ranks #331 out of 695 companies in the Biotechnology industry, placing it in the top 47.6%.
Is Healios KK's Cyclically Adjusted PB Ratio too high?
Healios KK's current Cyclically Adjusted PB Ratio of 1.51 is 21% below median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 3.96. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.58. Healios KK's value of 1.51 is 4.4% below this industry median. Based on the distribution chart, Healios KK ranks #331 out of 695 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Healios KK has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Healios KK's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Healios KK ranks #331 out of 695 companies for Cyclically Adjusted PB Ratio. This puts Healios KK in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.58. Healios KK's value of 1.51 is 4.4% below this benchmark. Historically, Healios KK's own Cyclically Adjusted PB Ratio has ranged from 0.93 to 3.96 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 1.58, Healios KK has consistently been below 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 Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.58, based on 695 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. Healios KK's current Cyclically Adjusted PB Ratio of 1.51 is 4.4% below 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 Healios KK and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Healios KK's current Cyclically Adjusted PB Ratio is 1.51, which is 21% below median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Healios KK stock overvalued right now?
Based on GuruFocus' analysis, Healios KK (TSE:4593) is currently considered Significantly Overvalued. The stock's GF Value™ is 円56.30, compared to a current price of 円246.00 — trading 336.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.51, which is 21% below median its 10-year median of 1.92 and 4.4% below the Biotechnology industry median of 1.58. Healios KK's overall GF Score™ is 51/100 with 5 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 Healios KK (TSE:4593), the current Cyclically Adjusted PB Ratio is 1.51 as of Aug. 06, 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 Healios KK (TSE:4593) Overvalued in 2026?
Based on GuruFocus' analysis, Healios KK stock appears to be overvalued.
The current stock price of 円246.00 is trading 336.9% above its estimated GF Value™ of 円56.30.
GuruFocus considers Healios KK to be Significantly Overvalued.
Key valuation signals for TSE:4593:
Cyclically Adjusted PB Ratio: 1.51 (21% below median its 10-year median of 1.92)
GF Value™: 円56.30 vs. price of 円246.00 (336.9% above fair value)
Industry Position: 4.4% below the Biotechnology median (#331 of 695)
No single metric tells the full story. See the TSE:4593 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Healios KK is involved in development and sales of opthalmological surgery adjuvants and research, development and manufacture of cell therapy products and regenerative medicine products. The company is developing treatments for age-related macular degeneration and organ anlage transplantation therapy. The company develops next-generation cell therapies using a proprietary gene-edited induced pluripotent stem cell (iPSC) platform, with programs targeting immuno-oncology, ophthalmology, liver diseases, ischemic stroke, and acute respiratory distress syndrome.
51GF Score
Get the complete analysis for TSE:4593
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:4593 has been successfully added to your 
