Katitas Co (TSE:8919) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:8919 Katitas Co Ltd TSE:8919
89 GF Score
Price 円3,535.00
GF Value 円2,862.20
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Katitas Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Katitas Co  (TSE:8919) 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.


Katitas Co Cyclically Adjusted PB Ratio Related Terms


Katitas Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Katitas 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.

Katitas Co Cyclically Adjusted PB Ratio Chart

Katitas 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 - - - 5.48 7.42

Katitas 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 6.90 7.71 8.69 7.42 7.79

TSE:8919 vs DHI, PHM, LEN: Cyclically Adjusted PB Ratio Comparison

For the Residential Construction subindustry, Katitas 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.


Katitas Co Cyclically Adjusted PB Ratio vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Katitas Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:8919
89GF Score
Katitas Co Ltd TSE:8919
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Katitas 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.

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

For example, Katitas 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)
=684.065/113.6000*113.6000
=684.065

Current CPI (Jun. 2026) = 113.6000.

Katitas Co Quarterly Data

Book Value per Share CPI Adj_Book
201104 356.096 94.700 427.165
201107 361.354 94.600 433.930
201110 360.702 94.800 432.234
201201 362.149 94.500 435.345
201204 363.621 95.200 433.901
201712 189.393 99.400 216.449
201803 205.585 99.200 235.428
201806 213.320 99.200 244.286
201809 233.068 99.900 265.030
201812 238.717 99.700 271.999
201903 254.155 99.700 289.589
201906 264.150 99.800 300.676
201909 290.118 100.100 329.245
201912 294.084 100.500 332.417
202003 296.413 100.300 335.718
202006 303.090 99.900 344.655
202009 331.471 99.900 376.928
202012 346.730 99.300 396.662
202103 366.368 99.900 416.611
202106 378.253 99.500 431.855
202109 410.560 100.100 465.930
202112 427.142 100.100 484.749
202203 423.906 101.100 476.318
202206 436.549 101.800 487.151
202209 470.992 103.100 518.959
202212 474.899 104.100 518.238
202303 460.135 104.400 500.683
202306 462.425 105.200 499.349
202309 487.326 106.200 521.283
202312 490.095 106.800 521.300
202403 517.396 107.200 548.285
202406 515.893 108.200 541.640
202409 548.515 108.900 572.188
202412 554.728 110.700 569.260
202503 584.665 111.100 597.821
202506 593.208 111.700 603.298
202509 634.292 112.000 643.353
202512 640.032 113.000 643.430
202603 678.146 112.700 683.562
202606 684.065 113.600 684.065

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 Katitas Co (TSE:8919) Overvalued in 2026?

Based on GuruFocus' analysis, Katitas Co stock appears to be overvalued. The current stock price of 円3,535.00 is trading 23.5% above its estimated GF Value™ of 円2,862.20. GuruFocus considers Katitas Co to be Modestly Overvalued.

Key valuation signals for TSE:8919:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円2,862.20 vs. price of 円3,535.00 (23.5% above fair value)
  • GF Score™: 89/100 with 3 warning signs

No single metric tells the full story. See the TSE:8919 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Katitas Co Business Description

Address 4-2 Mihara-cho, Kiryu-shi, Gunma, JPN
Katitas Co Ltd operates in the housing market in Japan. The company is engaged in the business activities of purchase, renovation, and sale of secondhand houses.
89GF Score

Get the complete analysis for TSE:8919

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

円3,535.00
Price
円2,862.20
GF Value