Housefreedom Co (TSE:8996) Cyclically Adjusted PB Ratio: 1.50 (As of Aug. 16, 2026) — 11% Above Median

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TSE:8996 Housefreedom Co Ltd TSE:8996
78 GF Score
Price 円1,104.00
GF Value 円1,197.88
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Housefreedom Co Cyclically Adjusted PB Ratio?

Housefreedom Co TSE:8996 +0.64% 78 Cyclically Adjusted PB Ratio is 1.50 as of Aug. 16, 2026, which is 11% above its 10-year median of 1.35. GuruFocus rates TSE:8996 with a GF Score™ of 78/100 and a GF Value™ of 円1,197.88 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,400 Real Estate companies, Housefreedom Co ranks worse than 72.5% on this metric.

As of today (2026-08-16), Housefreedom Co's current share price is 円1104.00. Housefreedom Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円736.37. Housefreedom Co's Cyclically Adjusted PB Ratio for today is 1.50.

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

TSE:8996' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.19   Med: 1.35   Max: 1.62
Current: 1.26

During the past years, Housefreedom Co's highest Cyclically Adjusted PB Ratio was 1.62. The lowest was 1.19. And the median was 1.35.

TSE:8996's Cyclically Adjusted PB Ratio is ranked worse than
72.5% of 1400 companies
in the Real Estate industry
Industry Median: 0.69 vs TSE:8996: 1.26

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.

Housefreedom Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円1,006.822. 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736.37 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Housefreedom Co  (TSE:8996) 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.


Housefreedom Co Cyclically Adjusted PB Ratio Related Terms


Housefreedom Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Housefreedom 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.

Housefreedom Co Cyclically Adjusted PB Ratio Chart

Housefreedom Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.25 1.48 1.37 1.26

Housefreedom Co 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 1.35 1.32 1.30 1.26 0.00

TSE:8996 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Housefreedom 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.


Housefreedom Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TSE:8996
78GF Score
Housefreedom Co Ltd TSE:8996
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Housefreedom 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.

Housefreedom Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1104.00/736.37
=1.50

* 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.

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

For example, Housefreedom Co'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)
=1006.822/113.0000*113.0000
=1,006.822

Current CPI (Dec. 2025) = 113.0000.

Housefreedom Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 457.989 98.100 527.551
201603 416.789 97.900 481.074
201606 412.669 98.100 475.348
201609 420.927 98.000 485.355
201612 457.600 98.400 525.496
201703 459.367 98.100 529.138
201706 461.946 98.500 529.948
201709 463.343 98.800 529.937
201712 466.344 99.400 530.150
201803 457.368 99.200 520.994
201806 465.152 99.200 529.861
201809 466.564 99.900 527.745
201812 496.513 99.700 562.748
201903 504.119 99.700 571.369
201906 523.089 99.800 592.275
201909 545.663 100.100 615.983
201912 545.165 100.500 612.972
202003 546.264 100.300 615.432
202006 583.175 99.900 659.647
202009 628.684 99.900 711.124
202012 657.790 99.300 748.542
202103 625.763 99.900 707.820
202106 656.964 99.500 746.100
202109 678.069 100.100 765.453
202112 688.275 100.100 776.974
202203 658.091 101.100 735.552
202206 675.876 101.800 750.236
202209 696.172 103.100 763.021
202212 752.550 104.100 816.889
202303 722.299 104.400 781.799
202306 733.708 105.200 788.108
202309 757.054 106.200 805.528
202312 794.448 106.800 840.568
202403 732.327 107.200 771.949
202406 767.762 108.200 801.822
202412 879.380 110.700 897.651
202503 821.512 111.100 835.561
202506 848.207 111.700 858.079
202509 868.065 112.000 875.816
202512 1,006.822 113.000 1,006.822

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 1.50 mean?
Housefreedom Co (TSE:8996) has a Cyclically Adjusted PB Ratio of 1.50 as of Aug. 16, 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 Housefreedom Co and its competitors. This is 11% above median its historical median of 1.35. Over the past decade, Housefreedom Co's Cyclically Adjusted PB Ratio has ranged from 1.19 to 1.62. According to the industry distribution chart, Housefreedom Co ranks #1015 out of 1400 companies in the Real Estate industry, placing it in the top 72.5%.
Is Housefreedom Co's Cyclically Adjusted PB Ratio too high?
Housefreedom Co's current Cyclically Adjusted PB Ratio of 1.50 is 11% above median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 1.62. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Housefreedom Co's value of 1.50 is 117.4% above this industry median. Based on the distribution chart, Housefreedom Co ranks #1015 out of 1400 companies in the Real Estate industry, which is below the industry midpoint. Overall, Housefreedom Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Housefreedom Co's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Housefreedom Co ranks #1015 out of 1400 companies for Cyclically Adjusted PB Ratio. This places Housefreedom Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Housefreedom Co's value of 1.50 is 117.4% above this benchmark. Historically, Housefreedom Co's own Cyclically Adjusted PB Ratio has ranged from 1.19 to 1.62 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 0.69, Housefreedom 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 1,400 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. Housefreedom Co's current Cyclically Adjusted PB Ratio of 1.50 is 117.4% 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 Housefreedom 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. Housefreedom Co's current Cyclically Adjusted PB Ratio is 1.50, which is 11% above median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Housefreedom Co stock overvalued right now?
Based on GuruFocus' analysis, Housefreedom Co (TSE:8996) is currently considered Fairly Valued. The stock's GF Value™ is 円1,197.88, compared to a current price of 円1,104.00 — trading 7.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.50, which is 11% above median its 10-year median of 1.35 and 117.4% above the Real Estate industry median of 0.69. Housefreedom Co's overall GF Score™ is 78/100 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 Housefreedom Co (TSE:8996), the current Cyclically Adjusted PB Ratio is 1.50 as of Aug. 16, 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 Housefreedom Co (TSE:8996) Overvalued in 2026?

Based on GuruFocus' analysis, Housefreedom Co stock appears to be undervalued. The current stock price of 円1,104.00 is trading 7.8% below its estimated GF Value™ of 円1,197.88. GuruFocus considers Housefreedom Co to be Fairly Valued.

Key valuation signals for TSE:8996:

  • Cyclically Adjusted PB Ratio: 1.50 (11% above median its 10-year median of 1.35)
  • GF Value™: 円1,197.88 vs. price of 円1,104.00 (7.8% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 117.4% above the Real Estate median (#1015 of 1400)

No single metric tells the full story. See the TSE:8996 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Housefreedom Co Business Description

Address 2-13-10 Ueda, Osaka prefecture, Matsubara, JPN, 580-0016
Housefreedom Co Ltd engaged in the real estate business. The company is involved in the sale of newly built detached houses and construction contract works. Its real estate brokerage services provide advice on transactions such as sale, purchase, and replacement of the house in the position of wanting to sell and buying. It also engaged in the damage insurance agency business, real estate leasing business, and nursing care business. The reportable segments are the five business segments: Real estate brokerage business; , New house sales; Construction contracting; Non-life insurance agency; and Real Estate Rental Business.
78GF Score

Get the complete analysis for TSE:8996

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

円1,104.00
Price
円1,197.88
GF Value