Century21 Real Estate Of Japan (TSE:8898) Cyclically Adjusted PB Ratio: 1.81 (As of Aug. 25, 2026) — 13% Below Median

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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.
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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:8898 Century21 Real Estate Of Japan Ltd TSE:8898
73 GF Score
Price 円1,138.00
GF Value 円1,259.63
Valuation Modestly Undervalued
View Full Analysis

What is Century21 Real Estate Of Japan Cyclically Adjusted PB Ratio?

Century21 Real Estate Of Japan TSE:8898 +0.26% 73 Cyclically Adjusted PB Ratio is 1.81 as of Aug. 25, 2026, which is 13% below its 10-year median of 2.07. GuruFocus rates TSE:8898 with a GF Score™ of 73/100 and a GF Value™ of 円1,259.63 (Modestly Undervalued). Among 1,352 Real Estate companies, Century21 Real Estate Of Japan ranks worse than 83.14% on this metric.

As of today (2026-08-25), Century21 Real Estate Of Japan's current share price is 円1138.00. Century21 Real Estate Of Japan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円628.88. Century21 Real Estate Of Japan's Cyclically Adjusted PB Ratio for today is 1.81.

The historical rank and industry rank for Century21 Real Estate Of Japan's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:8898' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.78   Med: 2.07   Max: 3.65
Current: 1.8

During the past years, Century21 Real Estate Of Japan's highest Cyclically Adjusted PB Ratio was 3.65. The lowest was 1.78. And the median was 2.07.

TSE:8898's Cyclically Adjusted PB Ratio is ranked worse than
83.14% of 1352 companies
in the Real Estate industry
Industry Median: 0.675 vs TSE:8898: 1.80

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.

Century21 Real Estate Of Japan's adjusted book value per share data for the three months ended in Mar. 2026 was 円678.501. 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628.88 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Century21 Real Estate Of Japan  (TSE:8898) 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.


Century21 Real Estate Of Japan Cyclically Adjusted PB Ratio Related Terms


Century21 Real Estate Of Japan Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Century21 Real Estate Of Japan'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.

Century21 Real Estate Of Japan Cyclically Adjusted PB Ratio Chart

Century21 Real Estate Of Japan 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 2.10 1.90 1.98 1.87 1.80

Century21 Real Estate Of Japan Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 1.83 1.81 1.79 1.80 0.00

TSE:8898 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Century21 Real Estate Of Japan'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.


Century21 Real Estate Of Japan Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Century21 Real Estate Of Japan's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Century21 Real Estate Of Japan's Cyclically Adjusted PB Ratio falls into.


TSE:8898
73GF Score
Century21 Real Estate Of Japan Ltd TSE:8898
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Century21 Real Estate Of Japan 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.

Century21 Real Estate Of Japan's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1138.00/628.88
=1.81

* 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.

Century21 Real Estate Of Japan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Century21 Real Estate Of Japan'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)
=678.501/112.7000*112.7000
=678.501

Current CPI (Mar. 2026) = 112.7000.

Century21 Real Estate Of Japan Quarterly Data

Book Value per Share CPI Adj_Book
201512 438.476 98.100 503.733
201603 464.127 97.900 534.291
201606 459.994 98.100 528.454
201609 485.362 98.000 558.166
201612 490.747 98.400 562.065
201703 507.527 98.100 583.061
201706 498.320 98.500 570.159
201709 518.308 98.800 591.228
201712 516.694 99.400 585.829
201803 536.893 99.200 609.958
201806 534.095 99.200 606.779
201809 555.842 99.900 627.061
201812 550.608 99.700 622.402
201903 571.430 99.700 645.939
201906 569.982 99.800 643.657
201909 595.186 100.100 670.105
201912 583.722 100.500 654.582
202003 577.839 100.300 649.277
202006 568.640 99.900 641.499
202009 576.718 99.900 650.612
202012 579.071 99.300 657.214
202103 598.526 99.900 675.214
202106 568.064 99.500 643.425
202109 590.876 100.100 665.252
202112 583.519 100.100 656.969
202203 590.134 101.100 657.845
202206 587.231 101.800 650.107
202209 600.986 103.100 656.946
202212 595.521 104.100 644.719
202303 605.656 104.400 653.807
202306 600.711 105.200 643.537
202309 616.614 106.200 654.354
202312 612.046 106.800 645.858
202403 619.454 107.200 651.236
202409 638.305 108.900 660.578
202503 644.268 111.100 653.546
202506 634.960 111.700 640.645
202509 661.924 112.000 666.061
202512 662.359 113.000 660.601
202603 678.501 112.700 678.501

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 1.81 mean?
Century21 Real Estate Of Japan (TSE:8898) has a Cyclically Adjusted PB Ratio of 1.81 as of Aug. 25, 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 Century21 Real Estate Of Japan and its competitors. This is 13% below median its historical median of 2.07. Over the past decade, Century21 Real Estate Of Japan's Cyclically Adjusted PB Ratio has ranged from 1.78 to 3.65. According to the industry distribution chart, Century21 Real Estate Of Japan ranks #1124 out of 1352 companies in the Real Estate industry, placing it in the top 83.1%.
Is Century21 Real Estate Of Japan's Cyclically Adjusted PB Ratio too high?
Century21 Real Estate Of Japan's current Cyclically Adjusted PB Ratio of 1.81 is 13% below median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 3.65. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Century21 Real Estate Of Japan's value of 1.81 is 168.1% above this industry median. Based on the distribution chart, Century21 Real Estate Of Japan ranks #1124 out of 1352 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Century21 Real Estate Of Japan has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Century21 Real Estate Of Japan's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Century21 Real Estate Of Japan ranks #1124 out of 1352 companies for Cyclically Adjusted PB Ratio. This places Century21 Real Estate Of Japan in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. Century21 Real Estate Of Japan's value of 1.81 is 168.1% above this benchmark. Historically, Century21 Real Estate Of Japan's own Cyclically Adjusted PB Ratio has ranged from 1.78 to 3.65 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 0.68, Century21 Real Estate Of Japan 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 0.68, based on 1,352 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. Century21 Real Estate Of Japan's current Cyclically Adjusted PB Ratio of 1.81 is 168.1% 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 Century21 Real Estate Of Japan and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Century21 Real Estate Of Japan's current Cyclically Adjusted PB Ratio is 1.81, which is 13% below median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Century21 Real Estate Of Japan stock overvalued right now?
Based on GuruFocus' analysis, Century21 Real Estate Of Japan (TSE:8898) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,259.63, compared to a current price of 円1,138.00 — trading 9.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.81, which is 13% below median its 10-year median of 2.07 and 168.1% above the Real Estate industry median of 0.68. Century21 Real Estate Of Japan's overall GF Score™ is 73/100. 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 Century21 Real Estate Of Japan (TSE:8898), the current Cyclically Adjusted PB Ratio is 1.81 as of Aug. 25, 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 Century21 Real Estate Of Japan (TSE:8898) Overvalued in 2026?

Based on GuruFocus' analysis, Century21 Real Estate Of Japan stock appears to be undervalued. The current stock price of 円1,138.00 is trading 9.7% below its estimated GF Value™ of 円1,259.63. GuruFocus considers Century21 Real Estate Of Japan to be Modestly Undervalued.

Key valuation signals for TSE:8898:

  • Cyclically Adjusted PB Ratio: 1.81 (13% below median its 10-year median of 2.07)
  • GF Value™: 円1,259.63 vs. price of 円1,138.00 (9.7% below fair value)
  • GF Score™: 73/100
  • Industry Position: 168.1% above the Real Estate median (#1124 of 1352)

No single metric tells the full story. See the TSE:8898 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Century21 Real Estate Of Japan Business Description

Address 2-12-16 Kita-Aoyama, Kita-Aoyama Yoshikawa Building, 7th Floor, Minato-ku, Tokyo, JPN, 107-0061
Century21 Real Estate Of Japan Ltd operates as a franchiser of residential real estate. The activities of the company include the management of merchants, mediation of financial services, as well as provision of training services to the operators, and others.
73GF Score

Get the complete analysis for TSE:8898

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

円1,138.00
Price
円1,259.63
GF Value