Migalo Holdings (TSE:5535) 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
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:5535 Migalo Holdings Inc TSE:5535
53 GF Score
Price 円291.00
GF Value 円434.37
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Migalo Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Migalo Holdings  (TSE:5535) 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.


Migalo Holdings Cyclically Adjusted PB Ratio Related Terms


Migalo Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Migalo Holdings'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.

Migalo Holdings Cyclically Adjusted PB Ratio Chart

Migalo Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 2.81 9.99 2.22

Migalo Holdings 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 7.62 4.83 2.94 2.24 1.78

TSE:5535 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Migalo Holdings'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.


Migalo Holdings Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TSE:5535
53GF Score
Migalo Holdings Inc TSE:5535
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Migalo Holdings 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.

Migalo Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=241.582/113.6000*113.6000
=241.582

Current CPI (Jun. 2026) = 113.6000.

Migalo Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 60.764 98.000 70.437
201612 60.634 98.400 70.000
201703 61.486 98.100 71.201
201706 61.805 98.500 71.280
201709 63.259 98.800 72.735
201712 64.614 99.400 73.845
201803 74.216 99.200 84.989
201806 71.076 99.200 81.393
201809 74.202 99.900 84.378
201812 85.330 99.700 97.227
201903 91.178 99.700 103.890
201906 91.531 99.800 104.188
201909 105.102 100.100 119.277
201912 106.362 100.500 120.226
202003 105.326 100.300 119.292
202006 107.703 99.900 122.473
202009 108.123 99.900 122.951
202012 109.194 99.300 124.919
202103 122.827 99.900 139.671
202106 127.432 99.500 145.490
202109 129.190 100.100 146.613
202112 135.601 100.100 153.889
202203 140.628 101.100 158.015
202206 144.362 101.800 161.096
202209 157.414 103.100 173.445
202212 159.030 104.100 173.543
202303 164.589 104.400 179.093
202306 181.261 105.200 195.734
202309 184.165 106.200 196.998
202312 184.203 106.800 195.931
202403 179.124 107.200 189.818
202406 180.461 108.200 189.467
202409 190.359 108.900 198.575
202412 190.696 110.700 195.692
202503 192.646 111.100 196.981
202506 197.063 111.700 200.415
202509 209.239 112.000 212.228
202512 235.281 113.000 236.530
202603 238.827 112.700 240.734
202606 241.582 113.600 241.582

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 Migalo Holdings (TSE:5535) Overvalued in 2026?

Based on GuruFocus' analysis, Migalo Holdings stock appears to be undervalued. The current stock price of 円291.00 is trading 33% below its estimated GF Value™ of 円434.37. GuruFocus considers Migalo Holdings to be Significantly Undervalued.

Key valuation signals for TSE:5535:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円434.37 vs. price of 円291.00 (33% below fair value)
  • GF Score™: 53/100 with 6 warning signs

No single metric tells the full story. See the TSE:5535 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Migalo Holdings Business Description

Address Shinjuku Island Tower, 6-5-1 Nishi-Shinjuku,41st floor, Shinjuku-ku, Tokyo, JPN, 163-1341
Migalo Holdings Inc is engaged in real estate development, sales, leasing, renting, etc., and related operations. It is also engaged in the Management and administration of group companies engaged in face recognition platform services, cloud integration services, contracted system development, etc. The group has two reportable segments, DX Promotion Business and DX Real Estate Business..
53GF Score

Get the complete analysis for TSE:5535

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

円291.00
Price
円434.37
GF Value