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FJ Next Holdings CoTSE:8935 +2.12%92 Cyclically Adjusted PB Ratio is 1.14 as of Aug. 15, 2026, which is 27% above its 10-year median of 0.90. GuruFocus rates TSE:8935 with a GF Score™ of 92/100 and a GF Value™ of 円1,853.59 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,401 Real Estate companies, FJ Next Holdings Co ranks worse than 67.52% on this metric.
The historical rank and industry rank for FJ Next Holdings Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:8935'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65 Med: 0.9 Max: 1.42
Current: 1.09
During the past years, FJ Next Holdings Co's highest Cyclically Adjusted PB Ratio was 1.42. The lowest was 0.65. And the median was 0.90.
TSE:8935's Cyclically Adjusted PB Ratio is ranked worse than 67.52% of 1401
companies
in the Real Estate industry
Industry Median: 0.69
vs TSE:8935: 1.09
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.
FJ Next Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,476.948. 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1,771.09 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
FJ Next Holdings Co (TSE:8935) 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.
FJ Next Holdings Co Cyclically Adjusted PB Ratio Related Terms
FJ Next Holdings Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for FJ Next 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.
FJ Next Holdings Co Cyclically Adjusted PB Ratio Chart
FJ Next Holdings Co Cyclically Adjusted PB Ratio Competitor Comparison
For the Real Estate - Diversified subindustry, FJ Next 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.
FJ Next Holdings Co Cyclically Adjusted PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, FJ Next Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where FJ Next Holdings Co's Cyclically Adjusted PB Ratio falls into.
FJ Next 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.
FJ Next Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.14 mean?
FJ Next Holdings Co (TSE:8935) has a Cyclically Adjusted PB Ratio of 1.14 as of Aug. 15, 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 FJ Next Holdings Co and its competitors. This is 27% above median its historical median of 0.90. Over the past decade, FJ Next Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.65 to 1.42. According to the industry distribution chart, FJ Next Holdings Co ranks #946 out of 1401 companies in the Real Estate industry, placing it in the top 67.5%.
Is FJ Next Holdings Co's Cyclically Adjusted PB Ratio too high?
FJ Next Holdings Co's current Cyclically Adjusted PB Ratio of 1.14 is 27% above median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 1.42. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. FJ Next Holdings Co's value of 1.14 is 65.2% above this industry median. Based on the distribution chart, FJ Next Holdings Co ranks #946 out of 1401 companies in the Real Estate industry, which is below the industry midpoint. Overall, FJ Next Holdings Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FJ Next Holdings Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, FJ Next Holdings Co ranks #946 out of 1401 companies for Cyclically Adjusted PB Ratio. This places FJ Next Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. FJ Next Holdings Co's value of 1.14 is 65.2% above this benchmark. Historically, FJ Next Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.65 to 1.42 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 0.69, FJ Next 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 1,401 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. FJ Next Holdings Co's current Cyclically Adjusted PB Ratio of 1.14 is 65.2% 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 FJ Next 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. FJ Next Holdings Co's current Cyclically Adjusted PB Ratio is 1.14, which is 27% above median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FJ Next Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, FJ Next Holdings Co (TSE:8935) is currently considered Fairly Valued. The stock's GF Value™ is 円1,853.59, compared to a current price of 円2,024.00 — trading 9.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.14, which is 27% above median its 10-year median of 0.90 and 65.2% above the Real Estate industry median of 0.69. FJ Next Holdings Co's overall GF Score™ is 92/100 with 3 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 FJ Next Holdings Co (TSE:8935), the current Cyclically Adjusted PB Ratio is 1.14 as of Aug. 15, 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 FJ Next Holdings Co (TSE:8935) Overvalued in 2026?
Based on GuruFocus' analysis, FJ Next Holdings Co stock appears to be overvalued.
The current stock price of 円2,024.00 is trading 9.2% above its estimated GF Value™ of 円1,853.59.
GuruFocus considers FJ Next Holdings Co to be Fairly Valued.
Key valuation signals for TSE:8935:
Cyclically Adjusted PB Ratio: 1.14 (27% above median its 10-year median of 0.90)
GF Value™: 円1,853.59 vs. price of 円2,024.00 (9.2% above fair value)
Industry Position: 65.2% above the Real Estate median (#946 of 1401)
No single metric tells the full story. See the TSE:8935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FJ Next Holdings Co Ltd operates in the real estate sector in Japan. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Development, Real Estate Management, Construction, Hotel, and others. The majority of its revenue is generated from the Real Estate Development business, which is engaged in the development, sales, and marketing of studio apartments, resort properties, and family apartments (Gala Mansion Series and Gala Residencies) mainly in the Tokyo metropolitan area. In addition, this segment also offers rental recruitment and real estate brokerage services.
92GF Score
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