Kuwazawa Holdings (TSE:8104) Cyclically Adjusted PB Ratio: 0.69 (As of Aug. 13, 2026) — 11% Above Median

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TSE:8104 Kuwazawa Holdings Corp TSE:8104
72 GF Score
Price 円692.00
GF Value 円621.92
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Kuwazawa Holdings Cyclically Adjusted PB Ratio?

Kuwazawa Holdings TSE:8104 +0.58% 72 Cyclically Adjusted PB Ratio is 0.69 as of Aug. 13, 2026, which is 11% above its 10-year median of 0.62. GuruFocus rates TSE:8104 with a GF Score™ of 72/100 and a GF Value™ of 円621.92 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 308 Building Materials companies, Kuwazawa Holdings ranks better than 65.26% on this metric.

As of today (2026-08-13), Kuwazawa Holdings's current share price is 円692.00. Kuwazawa Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円997.31. Kuwazawa Holdings's Cyclically Adjusted PB Ratio for today is 0.69.

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

TSE:8104' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.62   Max: 1.23
Current: 0.68

During the past years, Kuwazawa Holdings's highest Cyclically Adjusted PB Ratio was 1.23. The lowest was 0.49. And the median was 0.62.

TSE:8104's Cyclically Adjusted PB Ratio is ranked better than
65.26% of 308 companies
in the Building Materials industry
Industry Median: 1 vs TSE:8104: 0.68

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.

Kuwazawa Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,160.617. 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997.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kuwazawa Holdings  (TSE:8104) 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.


Kuwazawa Holdings Cyclically Adjusted PB Ratio Related Terms


Kuwazawa Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kuwazawa 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.

Kuwazawa Holdings Cyclically Adjusted PB Ratio Chart

Kuwazawa 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 0.57 1.04 0.60 0.57

Kuwazawa Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.60 0.54 0.59 0.65 0.57

TSE:8104 vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Kuwazawa 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.


Kuwazawa Holdings Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Kuwazawa Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:8104
72GF Score
Kuwazawa Holdings Corp TSE:8104
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kuwazawa 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=692.00/997.31
=0.69

* 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.

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

For example, Kuwazawa 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)
=1160.617/112.7000*112.7000
=1,160.617

Current CPI (Mar. 2026) = 112.7000.

Kuwazawa Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201603 715.257 97.900 823.386
201606 697.229 98.100 800.996
201609 725.962 98.000 834.856
201612 751.503 98.400 860.715
201703 791.584 98.100 909.394
201706 737.756 98.500 844.113
201709 786.531 98.800 897.187
201712 817.444 99.400 926.820
201803 815.835 99.200 926.861
201806 800.319 99.200 909.233
201809 821.424 99.900 926.672
201812 838.789 99.700 948.160
201903 857.618 99.700 969.444
201906 834.586 99.800 942.463
201909 869.528 100.100 978.979
201912 892.748 100.500 1,001.121
202003 900.725 100.300 1,012.081
202006 889.148 99.900 1,003.073
202009 909.974 99.900 1,026.567
202012 937.853 99.300 1,064.411
202103 914.964 99.900 1,032.197
202106 898.530 99.500 1,017.732
202109 918.158 100.100 1,033.730
202112 941.580 100.100 1,060.101
202203 941.447 101.100 1,049.467
202206 930.534 101.800 1,030.169
202209 952.026 103.100 1,040.672
202212 979.174 104.100 1,060.066
202303 971.256 104.400 1,048.473
202306 962.539 105.200 1,031.161
202309 984.630 106.200 1,044.895
202312 1,011.904 106.800 1,067.805
202403 1,031.788 107.200 1,084.725
202406 1,017.341 108.200 1,059.652
202409 1,051.873 108.900 1,088.577
202503 1,067.201 111.100 1,082.570
202506 1,051.837 111.700 1,061.254
202509 1,104.880 112.000 1,111.786
202512 1,123.205 113.000 1,120.223
202603 1,160.617 112.700 1,160.617

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 0.69 mean?
Kuwazawa Holdings (TSE:8104) has a Cyclically Adjusted PB Ratio of 0.69 as of Aug. 13, 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 Kuwazawa Holdings and its competitors. This is 11% above median its historical median of 0.62. Over the past decade, Kuwazawa Holdings' Cyclically Adjusted PB Ratio has ranged from 0.49 to 1.23. According to the industry distribution chart, Kuwazawa Holdings ranks #107 out of 308 companies in the Building Materials industry, placing it in the top 34.7%.
Is Kuwazawa Holdings' Cyclically Adjusted PB Ratio too high?
Kuwazawa Holdings' current Cyclically Adjusted PB Ratio of 0.69 is 11% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.23. The Building Materials industry median Cyclically Adjusted PB Ratio is 1.00. Kuwazawa Holdings' value of 0.69 is 31% below this industry median. Based on the distribution chart, Kuwazawa Holdings ranks #107 out of 308 companies in the Building Materials industry, which is above the industry midpoint. Overall, Kuwazawa Holdings has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kuwazawa Holdings' Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Kuwazawa Holdings ranks #107 out of 308 companies for Cyclically Adjusted PB Ratio. This puts Kuwazawa Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. Kuwazawa Holdings' value of 0.69 is 31% below this benchmark. Historically, Kuwazawa Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.49 to 1.23 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 1.00, Kuwazawa 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 Building Materials company?
The median Cyclically Adjusted PB Ratio among Building Materials companies is 1.00, based on 308 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. Kuwazawa Holdings's current Cyclically Adjusted PB Ratio of 0.69 is 31% 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 Kuwazawa Holdings and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuwazawa Holdings's current Cyclically Adjusted PB Ratio is 0.69, which is 11% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuwazawa Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kuwazawa Holdings (TSE:8104) is currently considered Modestly Overvalued. The stock's GF Value™ is 円621.92, compared to a current price of 円692.00 — trading 11.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.69, which is 11% above median its 10-year median of 0.62 and 31% below the Building Materials industry median of 1.00. Kuwazawa Holdings' overall GF Score™ is 72/100 with 4 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 Kuwazawa Holdings (TSE:8104), the current Cyclically Adjusted PB Ratio is 0.69 as of Aug. 13, 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 Kuwazawa Holdings (TSE:8104) Overvalued in 2026?

Based on GuruFocus' analysis, Kuwazawa Holdings stock appears to be overvalued. The current stock price of 円692.00 is trading 11.3% above its estimated GF Value™ of 円621.92. GuruFocus considers Kuwazawa Holdings to be Modestly Overvalued.

Key valuation signals for TSE:8104:

  • Cyclically Adjusted PB Ratio: 0.69 (11% above median its 10-year median of 0.62)
  • GF Value™: 円621.92 vs. price of 円692.00 (11.3% above fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 31% below the Building Materials median (#107 of 308)

No single metric tells the full story. See the TSE:8104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kuwazawa Holdings Business Description

Address 7-1-1, Chuo 2-7, Shiroishi-ku, Hokkaido Kuwazawa Group Headquarters Building, Sapporo, JPN, 003-8560
Kuwazawa Holdings Corp operates in the construction industry. The company is engaged in the sale of construction materials, such as cement, concrete, pile, concrete products, concrete admixture, shelf, water materials, general steel products, and others. It also has a leasing business.
72GF Score

Get the complete analysis for TSE:8104

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

円692.00
Price
円621.92
GF Value