Migalo Holdings (TSE:5535) Cyclically Adjusted PB Ratio: 0.36 (As of Aug. 07, 2026) — 38% Below Median

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TSE:5535 Migalo Holdings Inc TSE:5535
53 GF Score
Price 円268.00
GF Value 円447.56
Valuation Significantly Undervalued
! 7 Warning Signs
View Full Analysis

What is Migalo Holdings Cyclically Adjusted PB Ratio?

Migalo Holdings TSE:5535 -2.90% 53 Cyclically Adjusted PB Ratio is 0.36 as of Aug. 07, 2026, which is 38% below its 10-year median of 0.58. GuruFocus rates TSE:5535 with a GF Score™ of 53/100 and a GF Value™ of 円447.56 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,412 Real Estate companies, Migalo Holdings ranks better than 69.05% on this metric.

As of today (2026-08-07), Migalo Holdings's current share price is 円268.00. Migalo Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円738.65. Migalo Holdings's Cyclically Adjusted PB Ratio for today is 0.36.

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

TSE:5535' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.58   Max: 2.13
Current: 0.38

During the past years, Migalo Holdings's highest Cyclically Adjusted PB Ratio was 2.13. The lowest was 0.33. And the median was 0.58.

TSE:5535's Cyclically Adjusted PB Ratio is ranked better than
69.05% of 1412 companies
in the Real Estate industry
Industry Median: 0.68 vs TSE:5535: 0.38

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.

Migalo Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円235.472. 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738.65 for the trailing ten years ended in Mar. 2026.

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 0.00 0.00 0.41 1.62 0.43

Migalo Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.62 0.00 0.00 0.00 0.43

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=268.00/738.65
=0.36

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=235.472/112.7000*112.7000
=235.472

Current CPI (Mar. 2026) = 112.7000.

Migalo Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201603 407.498 97.900 469.101
201606 450.453 98.100 517.493
201609 486.094 98.000 559.008
201612 486.455 98.400 557.149
201703 491.850 98.100 565.051
201706 494.637 98.500 565.945
201709 506.085 98.800 577.285
201712 517.169 99.400 586.368
201803 593.741 99.200 674.542
201806 571.404 99.200 649.166
201809 593.608 99.900 669.666
201812 683.101 99.700 772.171
201903 729.472 99.700 824.589
201906 733.950 99.800 828.819
201909 840.840 100.100 946.680
201912 850.916 100.500 954.211
202003 842.665 100.300 946.843
202006 861.799 99.900 972.220
202009 864.929 99.900 975.751
202012 875.013 99.300 993.091
202103 982.602 99.900 1,108.501
202106 1,019.815 99.500 1,155.107
202109 1,033.512 100.100 1,163.604
202112 1,085.766 100.100 1,222.436
202203 1,114.787 101.100 1,242.695
202206 1,143.983 101.800 1,266.472
202209 1,244.756 103.100 1,360.660
202212 1,257.866 104.100 1,361.782
202303 1,303.747 104.400 1,407.397
202306 1,436.697 105.200 1,539.123
202312 1,459.845 106.800 1,540.492
202403 177.426 107.200 186.529
202406 178.798 108.200 186.234
202409 188.712 108.900 195.297
202412 189.115 110.700 192.532
202503 192.090 111.100 194.856
202506 196.533 111.700 198.292
202509 206.180 112.000 207.469
202512 255.109 113.000 254.432
202603 235.472 112.700 235.472

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 0.36 mean?
Migalo Holdings (TSE:5535) has a Cyclically Adjusted PB Ratio of 0.36 as of Aug. 07, 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 Migalo Holdings and its competitors. This is 38% below median its historical median of 0.58. Over the past decade, Migalo Holdings' Cyclically Adjusted PB Ratio has ranged from 0.33 to 2.13. According to the industry distribution chart, Migalo Holdings ranks #437 out of 1412 companies in the Real Estate industry, placing it in the top 30.9%.
Is Migalo Holdings' Cyclically Adjusted PB Ratio too high?
Migalo Holdings' current Cyclically Adjusted PB Ratio of 0.36 is 38% below median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 2.13. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Migalo Holdings' value of 0.36 is 47.1% below this industry median. Based on the distribution chart, Migalo Holdings ranks #437 out of 1412 companies in the Real Estate industry, which is above the industry midpoint. Overall, Migalo Holdings has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Migalo Holdings' Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Migalo Holdings ranks #437 out of 1412 companies for Cyclically Adjusted PB Ratio. This puts Migalo Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. Migalo Holdings' value of 0.36 is 47.1% below this benchmark. Historically, Migalo Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.33 to 2.13 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 0.68, Migalo Holdings 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 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. Migalo Holdings's current Cyclically Adjusted PB Ratio of 0.36 is 47.1% 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 Migalo Holdings 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. Migalo Holdings's current Cyclically Adjusted PB Ratio is 0.36, which is 38% below median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Migalo Holdings stock overvalued right now?
Based on GuruFocus' analysis, Migalo Holdings (TSE:5535) is currently considered Significantly Undervalued. The stock's GF Value™ is 円447.56, compared to a current price of 円268.00 — trading 40.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.36, which is 38% below median its 10-year median of 0.58 and 47.1% below the Real Estate industry median of 0.68. Migalo Holdings' overall GF Score™ is 53/100 with 7 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 Migalo Holdings (TSE:5535), the current Cyclically Adjusted PB Ratio is 0.36 as of Aug. 07, 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 Migalo Holdings (TSE:5535) Overvalued in 2026?

Based on GuruFocus' analysis, Migalo Holdings stock appears to be undervalued. The current stock price of 円268.00 is trading 40.1% below its estimated GF Value™ of 円447.56. GuruFocus considers Migalo Holdings to be Significantly Undervalued.

Key valuation signals for TSE:5535:

  • Cyclically Adjusted PB Ratio: 0.36 (38% below median its 10-year median of 0.58)
  • GF Value™: 円447.56 vs. price of 円268.00 (40.1% below fair value)
  • GF Score™: 53/100 with 7 warning signs
  • Industry Position: 47.1% below the Real Estate median (#437 of 1412)

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268.00
Price
円447.56
GF Value