Hokkan Holdings (TSE:5902) Cyclically Adjusted PB Ratio: 0.56 (As of Sep. 06, 2026) — 44% Above Median

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TSE:5902 Hokkan Holdings Ltd TSE:5902
55 GF Score
Price 円2,715.00
GF Value 円1,709.02
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Hokkan Holdings Cyclically Adjusted PB Ratio?

Hokkan Holdings TSE:5902 +0.33% 55 Cyclically Adjusted PB Ratio is 0.56 as of Sep. 06, 2026, which is 44% above its 10-year median of 0.39. GuruFocus rates TSE:5902 with a GF Score™ of 55/100 and a GF Value™ of 円1,709.02 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 269 Packaging & Containers companies, Hokkan Holdings ranks better than 71.38% on this metric.

As of today (2026-09-06), Hokkan Holdings's current share price is 円2715.00. Hokkan Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円4,850.39. Hokkan Holdings's Cyclically Adjusted PB Ratio for today is 0.56.

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

TSE:5902' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.39   Max: 0.68
Current: 0.56

During the past years, Hokkan Holdings's highest Cyclically Adjusted PB Ratio was 0.68. The lowest was 0.29. And the median was 0.39.

TSE:5902's Cyclically Adjusted PB Ratio is ranked better than
71.38% of 269 companies
in the Packaging & Containers industry
Industry Median: 1.14 vs TSE:5902: 0.56

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.

Hokkan Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円4,901.900. 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4,850.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hokkan Holdings  (TSE:5902) 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.


Hokkan Holdings Cyclically Adjusted PB Ratio Related Terms


Hokkan Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hokkan 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.

Hokkan Holdings Cyclically Adjusted PB Ratio Chart

Hokkan 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 0.32 0.32 0.42 0.35 0.46

Hokkan Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.40 0.47 0.49 0.46 0.00

TSE:5902 vs SW, AMCR, PKG: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Hokkan 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.


Hokkan Holdings Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hokkan Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:5902
55GF Score
Hokkan Holdings Ltd TSE:5902
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hokkan 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.

Hokkan Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2715.00/4850.39
=0.56

* 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.

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

For example, Hokkan 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)
=4901.9/112.7000*112.7000
=4,901.900

Current CPI (Mar. 2026) = 112.7000.

Hokkan Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201603 3,389.785 97.900 3,902.235
201606 3,522.043 98.100 4,046.221
201609 3,578.842 98.000 4,115.668
201612 3,740.391 98.400 4,283.964
201703 4,054.877 98.100 4,658.355
201706 4,216.143 98.500 4,823.952
201709 4,363.711 98.800 4,977.634
201712 4,495.776 99.400 5,097.323
201803 4,397.161 99.200 4,995.565
201806 4,629.584 99.200 5,259.618
201809 4,769.546 99.900 5,380.659
201812 4,725.982 99.700 5,342.208
201903 4,461.273 99.700 5,042.984
201906 4,337.053 99.800 4,897.654
201909 4,403.404 100.100 4,957.679
201912 4,506.171 100.500 5,053.189
202003 4,281.835 100.300 4,811.194
202006 4,406.465 99.900 4,971.057
202009 4,496.964 99.900 5,073.152
202012 4,478.421 99.300 5,082.760
202103 4,412.981 99.900 4,978.408
202106 4,512.349 99.500 5,110.972
202109 4,648.724 100.100 5,233.878
202112 4,500.615 100.100 5,067.126
202203 4,340.900 101.100 4,838.966
202206 4,487.421 101.800 4,967.901
202209 4,570.433 103.100 4,996.002
202212 4,261.739 104.100 4,613.813
202303 4,137.832 104.400 4,466.798
202306 4,344.949 105.200 4,654.712
202309 4,600.654 106.200 4,882.238
202312 4,519.677 106.800 4,769.360
202403 4,575.639 107.200 4,810.397
202406 4,716.384 108.200 4,912.537
202409 4,704.448 108.900 4,868.607
202503 4,670.864 111.100 4,738.131
202506 4,671.244 111.700 4,713.064
202509 4,896.053 112.000 4,926.653
202512 4,803.719 113.000 4,790.966
202603 4,901.900 112.700 4,901.900

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 0.56 mean?
Hokkan Holdings (TSE:5902) has a Cyclically Adjusted PB Ratio of 0.56 as of Sep. 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 Hokkan Holdings and its competitors. This is 44% above median its historical median of 0.39. Over the past decade, Hokkan Holdings' Cyclically Adjusted PB Ratio has ranged from 0.29 to 0.68. According to the industry distribution chart, Hokkan Holdings ranks #77 out of 269 companies in the Packaging & Containers industry, placing it in the top 28.6%.
Is Hokkan Holdings' Cyclically Adjusted PB Ratio too high?
Hokkan Holdings' current Cyclically Adjusted PB Ratio of 0.56 is 44% above median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 0.68. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.14. Hokkan Holdings' value of 0.56 is 50.9% below this industry median. Based on the distribution chart, Hokkan Holdings ranks #77 out of 269 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Hokkan Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkan Holdings' Cyclically Adjusted PB Ratio compare to SW and AMCR?
According to the Packaging & Containers industry distribution chart, Hokkan Holdings ranks #77 out of 269 companies for Cyclically Adjusted PB Ratio. This puts Hokkan Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Hokkan Holdings' value of 0.56 is 50.9% below this benchmark. Historically, Hokkan Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.29 to 0.68 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 1.14, Hokkan 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.14, based on 269 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. Hokkan Holdings's current Cyclically Adjusted PB Ratio of 0.56 is 50.9% 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 Hokkan Holdings and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkan Holdings's current Cyclically Adjusted PB Ratio is 0.56, which is 44% above median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hokkan Holdings (TSE:5902) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,709.02, compared to a current price of 円2,715.00 — trading 58.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.56, which is 44% above median its 10-year median of 0.39 and 50.9% below the Packaging & Containers industry median of 1.14. Hokkan Holdings' overall GF Score™ is 55/100 with 6 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 Hokkan Holdings (TSE:5902), the current Cyclically Adjusted PB Ratio is 0.56 as of Sep. 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 Hokkan Holdings (TSE:5902) Overvalued in 2026?

Based on GuruFocus' analysis, Hokkan Holdings stock appears to be overvalued. The current stock price of 円2,715.00 is trading 58.9% above its estimated GF Value™ of 円1,709.02. GuruFocus considers Hokkan Holdings to be Significantly Overvalued.

Key valuation signals for TSE:5902:

  • Cyclically Adjusted PB Ratio: 0.56 (44% above median its 10-year median of 0.39)
  • GF Value™: 円1,709.02 vs. price of 円2,715.00 (58.9% above fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 50.9% below the Packaging & Containers median (#77 of 269)

No single metric tells the full story. See the TSE:5902 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hokkan Holdings Business Description

Address 2-1-1 Muromachi, Nihonbashi, Chuo-ku, 13th floor, Nihonbashi Mitsui Tower, Tokyo, JPN, 100-0005
Hokkan Holdings Ltd is engaged in the packaging and container business. The company's division includes the Container business, Filling business, Overseas business, and Others. The container business includes containers for food and beverages. The filling business consists of containers for various drinks consignment filling, and the Overseas Business, which manufactures and sells beverage packaging overseas, and manufactures beverages on a contract basis.
55GF Score

Get the complete analysis for TSE:5902

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

円2,715.00
Price
円1,709.02
GF Value