AMG Holdings Co (TSE:8891) Cyclically Adjusted PB Ratio: 0.93 (As of Aug. 11, 2026) — 14% Below Median

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:8891 AMG Holdings Co Ltd TSE:8891
76 GF Score
Price 円2,068.00
GF Value 円2,381.47
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is AMG Holdings Co Cyclically Adjusted PB Ratio?

AMG Holdings Co TSE:8891 +0.68% 76 Cyclically Adjusted PB Ratio is 0.93 as of Aug. 11, 2026, which is 14% below its 10-year median of 1.08. GuruFocus rates TSE:8891 with a GF Score™ of 76/100 and a GF Value™ of 円2,381.47 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,412 Real Estate companies, AMG Holdings Co ranks worse than 61.05% on this metric.

As of today (2026-08-11), AMG Holdings Co's current share price is 円2068.00. AMG Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,234.98. AMG Holdings Co's Cyclically Adjusted PB Ratio for today is 0.93.

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

TSE:8891' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 1.08   Max: 2.13
Current: 0.92

During the past years, AMG Holdings Co's highest Cyclically Adjusted PB Ratio was 2.13. The lowest was 0.52. And the median was 1.08.

TSE:8891's Cyclically Adjusted PB Ratio is ranked worse than
61.05% of 1412 companies
in the Real Estate industry
Industry Median: 0.69 vs TSE:8891: 0.92

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.

AMG Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円4,278.994. 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2,234.98 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AMG Holdings Co  (TSE:8891) 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.


AMG Holdings Co Cyclically Adjusted PB Ratio Related Terms


AMG Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AMG Holdings 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.

AMG Holdings Co Cyclically Adjusted PB Ratio Chart

AMG Holdings 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 0.96 1.39 1.51 1.02 1.06

AMG Holdings 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 1.02 1.05 1.07 1.02 1.06

TSE:8891 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, AMG Holdings 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.


AMG Holdings Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TSE:8891
76GF Score
AMG Holdings Co Ltd TSE:8891
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AMG Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2068.00/2234.98
=0.93

* 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.

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

For example, AMG Holdings 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)
=4278.994/112.7000*112.7000
=4,278.994

Current CPI (Mar. 2026) = 112.7000.

AMG Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 578.866 97.900 666.376
201606 548.811 98.100 630.489
201609 595.105 98.000 684.371
201612 586.684 98.400 671.944
201703 720.937 98.100 828.232
201706 773.721 98.500 885.263
201709 856.056 98.800 976.493
201712 862.581 99.400 977.997
201803 899.612 99.200 1,022.039
201806 857.289 99.200 973.956
201809 999.585 99.900 1,127.660
201812 956.359 99.700 1,081.060
201903 1,130.705 99.700 1,278.139
201906 1,196.404 99.800 1,351.049
201909 1,300.568 100.100 1,464.276
201912 1,289.271 100.500 1,445.780
202003 1,359.332 100.300 1,527.385
202006 1,314.877 99.900 1,483.350
202009 1,705.306 99.900 1,923.804
202012 1,703.493 99.300 1,933.370
202103 1,984.604 99.900 2,238.888
202106 2,014.270 99.500 2,281.490
202109 2,044.838 100.100 2,302.230
202112 2,088.133 100.100 2,350.975
202203 2,275.204 101.100 2,536.256
202206 2,331.148 101.800 2,580.750
202209 2,371.080 103.100 2,591.860
202212 3,105.741 104.100 3,362.315
202303 3,266.774 104.400 3,526.489
202306 3,289.211 105.200 3,523.708
202309 3,354.467 106.200 3,559.778
202312 3,406.050 106.800 3,594.212
202403 3,582.305 107.200 3,766.099
202406 3,645.356 108.200 3,796.965
202409 3,767.742 108.900 3,899.215
202503 3,920.937 111.100 3,977.404
202506 3,979.462 111.700 4,015.088
202509 4,060.193 112.000 4,085.569
202512 4,209.122 113.000 4,197.947
202603 4,278.994 112.700 4,278.994

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 0.93 mean?
AMG Holdings Co (TSE:8891) has a Cyclically Adjusted PB Ratio of 0.93 as of Aug. 11, 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 AMG Holdings Co and its competitors. This is 14% below median its historical median of 1.08. Over the past decade, AMG Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.52 to 2.13. According to the industry distribution chart, AMG Holdings Co ranks #862 out of 1412 companies in the Real Estate industry, placing it in the top 61%.
Is AMG Holdings Co's Cyclically Adjusted PB Ratio too high?
AMG Holdings Co's current Cyclically Adjusted PB Ratio of 0.93 is 14% below median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 2.13. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. AMG Holdings Co's value of 0.93 is 34.8% above this industry median. Based on the distribution chart, AMG Holdings Co ranks #862 out of 1412 companies in the Real Estate industry, which is below the industry midpoint. Overall, AMG Holdings Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AMG Holdings Co's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, AMG Holdings Co ranks #862 out of 1412 companies for Cyclically Adjusted PB Ratio. This places AMG Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. AMG Holdings Co's value of 0.93 is 34.8% above this benchmark. Historically, AMG Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.52 to 2.13 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 0.69, AMG Holdings 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. AMG Holdings Co's current Cyclically Adjusted PB Ratio of 0.93 is 34.8% 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 AMG Holdings 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. AMG Holdings Co's current Cyclically Adjusted PB Ratio is 0.93, which is 14% below median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMG Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, AMG Holdings Co (TSE:8891) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,381.47, compared to a current price of 円2,068.00 — trading 13.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is 14% below median its 10-year median of 1.08 and 34.8% above the Real Estate industry median of 0.69. AMG Holdings Co's overall GF Score™ is 76/100 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 AMG Holdings Co (TSE:8891), the current Cyclically Adjusted PB Ratio is 0.93 as of Aug. 11, 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 AMG Holdings Co (TSE:8891) Overvalued in 2026?

Based on GuruFocus' analysis, AMG Holdings Co stock appears to be undervalued. The current stock price of 円2,068.00 is trading 13.2% below its estimated GF Value™ of 円2,381.47. GuruFocus considers AMG Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:8891:

  • Cyclically Adjusted PB Ratio: 0.93 (14% below median its 10-year median of 1.08)
  • GF Value™: 円2,381.47 vs. price of 円2,068.00 (13.2% below fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 34.8% above the Real Estate median (#862 of 1412)

No single metric tells the full story. See the TSE:8891 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AMG Holdings Co Business Description

Address No. 32, Nishikushi 3 - chome, 5th floor of Sakae VT Building, No. 10, No. 32, Nagoya, JPN, 460-0003
AMG Holdings Co Ltd formerly MG Home Co Ltd is engaged in the planning and sale of condominiums. The other service offered by the company include consultation on rental management, remodeling, and free assessment of residence.
76GF Score

Get the complete analysis for TSE:8891

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

円2,068.00
Price
円2,381.47
GF Value