H-ONE Co (TSE:5989) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:5989 H-ONE Co Ltd TSE:5989
55 GF Score
Price 円1,503.00
GF Value 円954.62
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is H-ONE Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


H-ONE Co  (TSE:5989) 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.


H-ONE Co Cyclically Adjusted PB Ratio Related Terms


H-ONE Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for H-ONE 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.

H-ONE Co Cyclically Adjusted PB Ratio Chart

H-ONE Co 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 0.25 0.25 0.28 0.44 0.44

H-ONE Co 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 0.49 0.55 0.53 0.44 0.56

TSE:5989 vs ORLY, AZO, GPC: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, H-ONE 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.


H-ONE Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, H-ONE Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where H-ONE Co's Cyclically Adjusted PB Ratio falls into.


TSE:5989
55GF Score
H-ONE Co Ltd TSE:5989
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H-ONE 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.

H-ONE Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, H-ONE Co'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)
=3066.716/113.6000*113.6000
=3,066.716

Current CPI (Jun. 2026) = 113.6000.

H-ONE Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,989.286 98.000 2,305.948
201612 2,342.255 98.400 2,704.067
201703 2,276.293 98.100 2,635.952
201706 2,288.214 98.500 2,638.996
201709 2,471.944 98.800 2,842.235
201712 2,549.650 99.400 2,913.886
201803 2,413.328 99.200 2,763.650
201806 2,452.445 99.200 2,808.445
201809 2,527.559 99.900 2,874.181
201812 2,505.252 99.700 2,854.530
201903 2,481.172 99.700 2,827.093
201906 2,441.310 99.800 2,778.886
201909 2,420.592 100.100 2,747.045
201912 2,551.692 100.500 2,884.301
202003 2,255.339 100.300 2,554.402
202006 2,200.481 99.900 2,502.249
202009 2,250.333 99.900 2,558.937
202012 2,359.293 99.300 2,699.050
202103 2,577.001 99.900 2,930.404
202106 2,619.936 99.500 2,991.203
202109 2,549.250 100.100 2,893.055
202112 2,662.686 100.100 3,021.790
202203 2,689.364 101.100 3,021.877
202206 2,755.276 101.800 3,074.650
202209 2,819.273 103.100 3,106.396
202212 2,602.954 104.100 2,840.495
202303 2,467.651 104.400 2,685.107
202306 2,596.987 105.200 2,804.351
202309 2,714.264 106.200 2,903.394
202312 1,991.435 106.800 2,118.230
202403 1,986.287 107.200 2,104.871
202406 2,175.351 108.200 2,283.918
202409 2,147.542 108.900 2,240.227
202412 2,342.703 110.700 2,404.075
202503 2,336.217 111.100 2,388.787
202506 2,357.878 111.700 2,397.985
202509 2,525.013 112.000 2,561.085
202512 2,695.580 113.000 2,709.893
202603 2,945.913 112.700 2,969.438
202606 3,066.716 113.600 3,066.716

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 H-ONE Co (TSE:5989) Overvalued in 2026?

Based on GuruFocus' analysis, H-ONE Co stock appears to be overvalued. The current stock price of 円1,503.00 is trading 57.4% above its estimated GF Value™ of 円954.62. GuruFocus considers H-ONE Co to be Significantly Overvalued.

Key valuation signals for TSE:5989:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円954.62 vs. price of 円1,503.00 (57.4% above fair value)
  • GF Score™: 55/100 with 3 warning signs

No single metric tells the full story. See the TSE:5989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H-ONE Co Business Description

Address 11-5, Sakuragi-cho 1-chome, Omiya-ku, Saitama-shi, Saitama, JPN, 3300854
H-ONE Co Ltd is engaged in manufacturing of mold welding equipment. The company is also engaged in stamping and welding of various metals such as auto parts and motorcycle parts. The product portfolio includes - Front bulkhead comp, Front side frame comp, Rear frame comp, Rear wheel house, Pillar comp, Door beam, and other parts.
55GF Score

Get the complete analysis for TSE:5989

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

円1,503.00
Price
円954.62
GF Value