Anabuki Kosan (TSE:8928) Cyclically Adjusted PB Ratio: 0.74 (As of Aug. 04, 2026) — 27% Below Median

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TSE:8928 Anabuki Kosan Inc TSE:8928
79 GF Score
Price 円2,248.00
GF Value 円2,647.81
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Anabuki Kosan Cyclically Adjusted PB Ratio?

Anabuki Kosan TSE:8928 -1.10% 79 Cyclically Adjusted PB Ratio is 0.74 as of Aug. 04, 2026, which is 27% below its 10-year median of 1.01. GuruFocus rates TSE:8928 with a GF Score™ of 79/100 and a GF Value™ of 円2,647.81 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,414 Real Estate companies, Anabuki Kosan ranks worse than 52.48% on this metric.

As of today (2026-08-04), Anabuki Kosan's current share price is 円2248.00. Anabuki Kosan's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円3,019.71. Anabuki Kosan's Cyclically Adjusted PB Ratio for today is 0.74.

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

TSE:8928' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.01   Max: 1.49
Current: 0.74

During the past years, Anabuki Kosan's highest Cyclically Adjusted PB Ratio was 1.49. The lowest was 0.70. And the median was 1.01.

TSE:8928's Cyclically Adjusted PB Ratio is ranked worse than
52.48% of 1414 companies
in the Real Estate industry
Industry Median: 0.69 vs TSE:8928: 0.74

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.

Anabuki Kosan's adjusted book value per share data for the three months ended in Dec. 2025 was 円4,547.696. 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3,019.71 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Anabuki Kosan  (TSE:8928) 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.


Anabuki Kosan Cyclically Adjusted PB Ratio Related Terms


Anabuki Kosan Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Anabuki Kosan'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.

Anabuki Kosan Cyclically Adjusted PB Ratio Chart

Anabuki Kosan Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 1.07 0.95 0.81 0.71

Anabuki Kosan Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 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 0.79 0.71 0.75 0.73 0.00

TSE:8928 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Anabuki Kosan'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.


Anabuki Kosan Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TSE:8928
79GF Score
Anabuki Kosan Inc TSE:8928
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anabuki Kosan 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.

Anabuki Kosan's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2248.00/3019.71
=0.74

* 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.

Anabuki Kosan's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Anabuki Kosan's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=4547.696/113.0000*113.0000
=4,547.696

Current CPI (Dec. 2025) = 113.0000.

Anabuki Kosan Quarterly Data

Book Value per Share CPI Adj_Book
201512 1,684.024 98.100 1,939.803
201603 1,701.383 97.900 1,963.803
201606 1,577.766 98.100 1,817.406
201609 1,705.622 98.000 1,966.687
201612 1,770.490 98.400 2,033.185
201703 1,839.374 98.100 2,118.749
201706 1,776.952 98.500 2,038.534
201709 1,884.934 98.800 2,155.846
201712 1,883.599 99.400 2,141.315
201803 1,968.036 99.200 2,241.815
201806 2,019.128 99.200 2,300.015
201809 2,150.744 99.900 2,432.773
201812 2,132.915 99.700 2,417.446
201903 2,219.985 99.700 2,516.131
201906 2,289.221 99.800 2,592.004
201909 2,381.441 100.100 2,688.340
201912 2,396.147 100.500 2,694.175
202003 2,397.363 100.300 2,700.917
202006 2,541.347 99.900 2,874.597
202009 2,557.512 99.900 2,892.881
202012 2,653.504 99.300 3,019.597
202103 2,680.851 99.900 3,032.394
202106 2,772.977 99.500 3,149.210
202109 2,975.918 100.100 3,359.428
202112 3,101.702 100.100 3,501.422
202203 2,935.751 101.100 3,281.304
202206 3,070.773 101.800 3,408.618
202209 3,235.241 103.100 3,545.899
202212 3,363.301 104.100 3,650.845
202303 3,513.318 104.400 3,802.729
202306 3,389.836 105.200 3,641.174
202309 3,539.964 106.200 3,766.628
202312 3,592.641 106.800 3,801.203
202403 3,814.332 107.200 4,020.704
202406 3,785.250 108.200 3,953.172
202412 4,102.072 110.700 4,187.300
202503 4,046.991 111.100 4,116.201
202506 4,084.033 111.700 4,131.564
202509 4,306.273 112.000 4,344.722
202512 4,547.696 113.000 4,547.696

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 0.74 mean?
Anabuki Kosan (TSE:8928) has a Cyclically Adjusted PB Ratio of 0.74 as of Aug. 04, 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 Anabuki Kosan and its competitors. This is 27% below median its historical median of 1.01. Over the past decade, Anabuki Kosan's Cyclically Adjusted PB Ratio has ranged from 0.70 to 1.49. According to the industry distribution chart, Anabuki Kosan ranks #742 out of 1414 companies in the Real Estate industry, placing it in the top 52.5%.
Is Anabuki Kosan's Cyclically Adjusted PB Ratio too high?
Anabuki Kosan's current Cyclically Adjusted PB Ratio of 0.74 is 27% below median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 1.49. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Anabuki Kosan's value of 0.74 is 7.2% above this industry median. Based on the distribution chart, Anabuki Kosan ranks #742 out of 1414 companies in the Real Estate industry, which is below the industry midpoint. Overall, Anabuki Kosan has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Anabuki Kosan's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Anabuki Kosan ranks #742 out of 1414 companies for Cyclically Adjusted PB Ratio. This places Anabuki Kosan in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Anabuki Kosan's value of 0.74 is 7.2% above this benchmark. Historically, Anabuki Kosan's own Cyclically Adjusted PB Ratio has ranged from 0.70 to 1.49 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.69, Anabuki Kosan 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 1,414 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. Anabuki Kosan's current Cyclically Adjusted PB Ratio of 0.74 is 7.2% 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 Anabuki Kosan 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. Anabuki Kosan's current Cyclically Adjusted PB Ratio is 0.74, which is 27% below median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anabuki Kosan stock overvalued right now?
Based on GuruFocus' analysis, Anabuki Kosan (TSE:8928) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,647.81, compared to a current price of 円2,248.00 — trading 15.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.74, which is 27% below median its 10-year median of 1.01 and 7.2% above the Real Estate industry median of 0.69. Anabuki Kosan's overall GF Score™ is 79/100 with 5 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 Anabuki Kosan (TSE:8928), the current Cyclically Adjusted PB Ratio is 0.74 as of Aug. 04, 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 Anabuki Kosan (TSE:8928) Overvalued in 2026?

Based on GuruFocus' analysis, Anabuki Kosan stock appears to be undervalued. The current stock price of 円2,248.00 is trading 15.1% below its estimated GF Value™ of 円2,647.81. GuruFocus considers Anabuki Kosan to be Modestly Undervalued.

Key valuation signals for TSE:8928:

  • Cyclically Adjusted PB Ratio: 0.74 (27% below median its 10-year median of 1.01)
  • GF Value™: 円2,647.81 vs. price of 円2,248.00 (15.1% below fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 7.2% above the Real Estate median (#742 of 1414)

No single metric tells the full story. See the TSE:8928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anabuki Kosan Business Description

Address 7-12 Kajiyacho, Kagawa Prefecture, Takamatsu, JPN, 760-0028
Anabuki Kosan Inc is engaged in providing real estate services. The company is involved in the development of condominiums and other properties, as well as real estate distribution, real estate solutions, business revitalization, hotel and tenant building management, human resources outsourcing, public facility management, supermarket management, electricity supply, and on real estate development overseas.
79GF Score

Get the complete analysis for TSE:8928

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

円2,248.00
Price
円2,647.81
GF Value