Cosmos Initia Co (TSE:8844) Cyclically Adjusted PB Ratio: 1.10 (As of Aug. 12, 2026) — 45% Above Median

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TSE:8844 Cosmos Initia Co Ltd TSE:8844
79 GF Score
Price 円1,205.00
GF Value 円1,014.25
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Cosmos Initia Co Cyclically Adjusted PB Ratio?

Cosmos Initia Co TSE:8844 -0.33% 79 Cyclically Adjusted PB Ratio is 1.10 as of Aug. 12, 2026, which is 45% above its 10-year median of 0.76. GuruFocus rates TSE:8844 with a GF Score™ of 79/100 and a GF Value™ of 円1,014.25 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,412 Real Estate companies, Cosmos Initia Co ranks worse than 67.63% on this metric.

As of today (2026-08-12), Cosmos Initia Co's current share price is 円1205.00. Cosmos Initia Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,099.16. Cosmos Initia Co's Cyclically Adjusted PB Ratio for today is 1.10.

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

TSE:8844' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.76   Max: 1.92
Current: 1.1

During the past years, Cosmos Initia Co's highest Cyclically Adjusted PB Ratio was 1.92. The lowest was 0.40. And the median was 0.76.

TSE:8844's Cyclically Adjusted PB Ratio is ranked worse than
67.63% of 1412 companies
in the Real Estate industry
Industry Median: 0.69 vs TSE:8844: 1.10

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.

Cosmos Initia Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,677.180. 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1,099.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cosmos Initia Co  (TSE:8844) 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.


Cosmos Initia Co Cyclically Adjusted PB Ratio Related Terms


Cosmos Initia Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cosmos Initia 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.

Cosmos Initia Co Cyclically Adjusted PB Ratio Chart

Cosmos Initia 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 0.56 0.63 1.08 1.13 1.02

Cosmos Initia Co 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 1.13 1.32 1.32 1.09 1.02

TSE:8844 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Cosmos Initia 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.


Cosmos Initia Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Cosmos Initia Co's Cyclically Adjusted PB Ratio falls into.


TSE:8844
79GF Score
Cosmos Initia Co Ltd TSE:8844
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cosmos Initia 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.

Cosmos Initia Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1205.00/1099.16
=1.10

* 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.

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

For example, Cosmos Initia Co'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)
=1677.18/112.7000*112.7000
=1,677.180

Current CPI (Mar. 2026) = 112.7000.

Cosmos Initia Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 574.201 97.900 661.006
201606 581.810 98.100 668.399
201609 574.997 98.000 661.247
201612 587.944 98.400 673.387
201703 656.030 98.100 753.665
201706 649.158 98.500 742.742
201709 654.437 98.800 746.509
201712 691.155 99.400 783.633
201803 761.642 99.200 865.293
201806 755.331 99.200 858.123
201809 801.575 99.900 904.279
201812 813.460 99.700 919.528
201903 879.523 99.700 994.205
201906 924.118 99.800 1,043.568
201909 924.113 100.100 1,040.435
201912 908.876 100.500 1,019.207
202003 963.356 100.300 1,082.455
202006 932.144 99.900 1,051.578
202009 949.153 99.900 1,070.766
202012 922.503 99.300 1,046.990
202103 1,016.261 99.900 1,146.473
202106 992.534 99.500 1,124.207
202109 1,016.438 100.100 1,144.381
202112 978.043 100.100 1,101.153
202203 1,063.216 101.100 1,185.207
202206 1,013.550 101.800 1,122.074
202209 1,075.400 103.100 1,175.534
202212 1,053.338 104.100 1,140.357
202303 1,205.032 104.400 1,300.834
202306 1,189.294 105.200 1,274.082
202309 1,233.846 106.200 1,309.364
202312 1,240.901 106.800 1,309.453
202403 1,317.354 107.200 1,384.942
202406 1,355.333 108.200 1,411.701
202409 1,421.380 108.900 1,470.978
202503 1,455.077 111.100 1,476.032
202506 1,510.461 111.700 1,523.983
202509 1,550.537 112.000 1,560.228
202512 1,545.200 113.000 1,541.098
202603 1,677.180 112.700 1,677.180

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 1.10 mean?
Cosmos Initia Co (TSE:8844) has a Cyclically Adjusted PB Ratio of 1.10 as of Aug. 12, 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 Cosmos Initia Co and its competitors. This is 45% above median its historical median of 0.76. Over the past decade, Cosmos Initia Co's Cyclically Adjusted PB Ratio has ranged from 0.40 to 1.92. According to the industry distribution chart, Cosmos Initia Co ranks #955 out of 1412 companies in the Real Estate industry, placing it in the top 67.6%.
Is Cosmos Initia Co's Cyclically Adjusted PB Ratio too high?
Cosmos Initia Co's current Cyclically Adjusted PB Ratio of 1.10 is 45% above median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.92. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Cosmos Initia Co's value of 1.10 is 59.4% above this industry median. Based on the distribution chart, Cosmos Initia Co ranks #955 out of 1412 companies in the Real Estate industry, which is below the industry midpoint. Overall, Cosmos Initia Co has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cosmos Initia Co's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Cosmos Initia Co ranks #955 out of 1412 companies for Cyclically Adjusted PB Ratio. This places Cosmos Initia Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Cosmos Initia Co's value of 1.10 is 59.4% above this benchmark. Historically, Cosmos Initia Co's own Cyclically Adjusted PB Ratio has ranged from 0.40 to 1.92 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.69, Cosmos Initia Co has consistently been above 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 0.69, 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. Cosmos Initia Co's current Cyclically Adjusted PB Ratio of 1.10 is 59.4% above 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 Cosmos Initia Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cosmos Initia Co's current Cyclically Adjusted PB Ratio is 1.10, which is 45% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cosmos Initia Co stock overvalued right now?
Based on GuruFocus' analysis, Cosmos Initia Co (TSE:8844) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,014.25, compared to a current price of 円1,205.00 — trading 18.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.10, which is 45% above median its 10-year median of 0.76 and 59.4% above the Real Estate industry median of 0.69. Cosmos Initia Co's overall GF Score™ is 79/100 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 Cosmos Initia Co (TSE:8844), the current Cyclically Adjusted PB Ratio is 1.10 as of Aug. 12, 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 Cosmos Initia Co (TSE:8844) Overvalued in 2026?

Based on GuruFocus' analysis, Cosmos Initia Co stock appears to be overvalued. The current stock price of 円1,205.00 is trading 18.8% above its estimated GF Value™ of 円1,014.25. GuruFocus considers Cosmos Initia Co to be Modestly Overvalued.

Key valuation signals for TSE:8844:

  • Cyclically Adjusted PB Ratio: 1.10 (45% above median its 10-year median of 0.76)
  • GF Value™: 円1,014.25 vs. price of 円1,205.00 (18.8% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 59.4% above the Real Estate median (#955 of 1412)

No single metric tells the full story. See the TSE:8844 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cosmos Initia Co Business Description

Address Shiba 5-34-6, Shintamachi Building, Minato-ku, Tokyo, JPN, 108-8416
Cosmos Initia Co Ltd is a real estate company. The company is engaged in the construction, leasing, and sale of real estate. The company also offers real estate rental and real estate brokerage.
79GF Score

Get the complete analysis for TSE:8844

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

円1,205.00
Price
円1,014.25
GF Value