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Tokyu ReitTSE:8957 +1.03%72 Cyclically Adjusted PB Ratio is 1.41 as of Aug. 08, 2026, which is at its 10-year median of 1.41. GuruFocus rates TSE:8957 with a GF Score™ of 72/100 and a GF Value™ of 円184,587.66 (Fairly Valued). The stock has 10 warning signs investors should review. Among 554 REITs companies, Tokyu Reit ranks worse than 80.69% on this metric.
The historical rank and industry rank for Tokyu Reit's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:8957'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.76 Med: 1.41 Max: 1.78
Current: 1.48
During the past 13 years, Tokyu Reit's highest Cyclically Adjusted PB Ratio was 1.78. The lowest was 0.76. And the median was 1.41.
TSE:8957's Cyclically Adjusted PB Ratio is ranked worse than 80.69% of 554
companies
in the REITs industry
Industry Median: 0.81
vs TSE:8957: 1.48
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.
Tokyu Reit's adjusted book value per share data of for the fiscal year that ended in Jul25 was 円128,623.125. 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131,692.58 for the trailing ten years ended in Jul25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tokyu Reit (TSE:8957) 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.
Tokyu Reit Cyclically Adjusted PB Ratio Related Terms
Tokyu Reit Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Tokyu Reit'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.
TSE:8957 vs VICI, WPC: Cyclically Adjusted PB Ratio Comparison
For the REIT - Diversified subindustry, Tokyu Reit'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.
Tokyu Reit Cyclically Adjusted PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Tokyu Reit's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Tokyu Reit's Cyclically Adjusted PB Ratio falls into.
Tokyu Reit 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.
Tokyu Reit'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 1.41 mean?
Tokyu Reit (TSE:8957) has a Cyclically Adjusted PB Ratio of 1.41 as of Aug. 08, 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 Tokyu Reit and its competitors. This is near median its historical median of 1.41. Over the past decade, Tokyu Reit's Cyclically Adjusted PB Ratio has ranged from 0.76 to 1.78. According to the industry distribution chart, Tokyu Reit ranks #447 out of 554 companies in the REITs industry, placing it in the top 80.7%.
Is Tokyu Reit's Cyclically Adjusted PB Ratio too high?
Tokyu Reit's current Cyclically Adjusted PB Ratio of 1.41 is near median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 1.78. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Tokyu Reit's value of 1.41 is 74.1% above this industry median. Based on the distribution chart, Tokyu Reit ranks #447 out of 554 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Tokyu Reit has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tokyu Reit's Cyclically Adjusted PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Tokyu Reit ranks #447 out of 554 companies for Cyclically Adjusted PB Ratio. This places Tokyu Reit in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.81. Tokyu Reit's value of 1.41 is 74.1% above this benchmark. Historically, Tokyu Reit's own Cyclically Adjusted PB Ratio has ranged from 0.76 to 1.78 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 0.81, Tokyu Reit 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.81, based on 554 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. Tokyu Reit's current Cyclically Adjusted PB Ratio of 1.41 is 74.1% 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 Tokyu Reit and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyu Reit's current Cyclically Adjusted PB Ratio is 1.41, which is near median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyu Reit stock overvalued right now?
Based on GuruFocus' analysis, Tokyu Reit (TSE:8957) is currently considered Fairly Valued. The stock's GF Value™ is 円184,587.66, compared to a current price of 円185,900.00 — trading 0.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.41, which is near median its 10-year median of 1.41 and 74.1% above the REITs industry median of 0.81. Tokyu Reit's overall GF Score™ is 72/100 with 10 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 Tokyu Reit (TSE:8957), the current Cyclically Adjusted PB Ratio is 1.41 as of Aug. 08, 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 Tokyu Reit (TSE:8957) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyu Reit stock appears to be overvalued.
The current stock price of 円185,900.00 is trading 0.7% above its estimated GF Value™ of 円184,587.66.
GuruFocus considers Tokyu Reit to be Fairly Valued.
Key valuation signals for TSE:8957:
Cyclically Adjusted PB Ratio: 1.41 (near median its 10-year median of 1.41)
GF Value™: 円184,587.66 vs. price of 円185,900.00 (0.7% above fair value)
Industry Position: 74.1% above the REITs median (#447 of 554)
No single metric tells the full story. See the TSE:8957 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyu Reit Inc is a Japanese real estate company. It is engaged in asset investment and management based on principles of growth, stability, and transparency. The company invests predominantly in retail and office properties located in Chiyoda, Chuo, Minato, Shinjuku and Shibuya wards.
72GF Score
Get the complete analysis for TSE:8957
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