Higashi Holdings Co (TSE:9029) Cyclically Adjusted PB Ratio: 2.46 (As of Aug. 12, 2026) — 107% Above Median

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TSE:9029 Higashi Holdings Co Ltd TSE:9029
95 GF Score
Price 円1,955.00
GF Value 円1,888.17
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Higashi Holdings Co Cyclically Adjusted PB Ratio?

Higashi Holdings Co TSE:9029 -0.15% 95 Cyclically Adjusted PB Ratio is 2.46 as of Aug. 12, 2026, which is 107% above its 10-year median of 1.19. GuruFocus rates TSE:9029 with a GF Score™ of 95/100 and a GF Value™ of 円1,888.17 (Fairly Valued). The stock has 2 warning signs investors should review. Among 728 Transportation companies, Higashi Holdings Co ranks worse than 76.1% on this metric.

As of today (2026-08-12), Higashi Holdings Co's current share price is 円1955.00. Higashi Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円794.79. Higashi Holdings Co's Cyclically Adjusted PB Ratio for today is 2.46.

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

TSE:9029' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.19   Max: 2.46
Current: 2.46

During the past years, Higashi Holdings Co's highest Cyclically Adjusted PB Ratio was 2.46. The lowest was 0.69. And the median was 1.19.

TSE:9029's Cyclically Adjusted PB Ratio is ranked worse than
76.1% of 728 companies
in the Transportation industry
Industry Median: 1.3 vs TSE:9029: 2.46

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.

Higashi Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,232.417. 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794.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Higashi Holdings Co  (TSE:9029) 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.


Higashi Holdings Co Cyclically Adjusted PB Ratio Related Terms


Higashi Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Higashi 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.

Higashi Holdings Co Cyclically Adjusted PB Ratio Chart

Higashi Holdings 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 1.06 1.51 1.89 1.66 2.35

Higashi Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 2.19 2.17 2.38 2.35 0.00

TSE:9029 vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Higashi 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.


Higashi Holdings Co Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Higashi Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:9029
95GF Score
Higashi Holdings Co Ltd TSE:9029
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Higashi 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1955.00/794.79
=2.46

* 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.

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

For example, Higashi Holdings Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1232.417/112.7000*112.7000
=1,232.417

Current CPI (Mar. 2026) = 112.7000.

Higashi Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 531.175 98.100 610.229
201603 512.277 97.900 589.720
201606 516.472 98.100 593.337
201609 527.209 98.000 606.290
201612 534.514 98.400 612.192
201703 546.122 98.100 627.400
201706 547.847 98.500 626.826
201709 554.318 98.800 632.304
201712 567.476 99.400 643.406
201803 578.352 99.200 657.059
201806 582.596 99.200 661.881
201809 588.117 99.900 663.471
201812 598.326 99.700 676.342
201903 612.057 99.700 691.864
201906 611.680 99.800 690.745
201909 631.393 100.100 710.869
201912 647.233 100.500 725.803
202003 648.223 100.300 728.362
202006 641.035 99.900 723.170
202009 661.177 99.900 745.892
202012 672.661 99.300 763.433
202103 685.163 99.900 772.952
202106 693.175 99.500 785.134
202109 711.632 100.100 801.208
202112 730.909 100.100 822.912
202203 755.415 101.100 842.090
202206 753.338 101.800 834.000
202209 778.678 103.100 851.183
202212 805.123 104.100 871.637
202303 828.518 104.400 894.387
202306 830.446 105.200 889.651
202309 864.152 106.200 917.043
202312 895.078 106.800 944.525
202403 934.560 107.200 982.509
202409 949.661 108.900 982.799
202503 1,037.147 111.100 1,052.083
202506 1,042.510 111.700 1,051.843
202509 1,103.363 112.000 1,110.259
202512 1,175.517 113.000 1,172.396
202603 1,232.417 112.700 1,232.417

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 2.46 mean?
Higashi Holdings Co (TSE:9029) has a Cyclically Adjusted PB Ratio of 2.46 as of Aug. 12, 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 Higashi Holdings Co and its competitors. This is 107% above median its historical median of 1.19. Over the past decade, Higashi Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.69 to 2.46. According to the industry distribution chart, Higashi Holdings Co ranks #554 out of 728 companies in the Transportation industry, placing it in the top 76.1%.
Is Higashi Holdings Co's Cyclically Adjusted PB Ratio too high?
Higashi Holdings Co's current Cyclically Adjusted PB Ratio of 2.46 is 107% above median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 2.46. The Transportation industry median Cyclically Adjusted PB Ratio is 1.30. Higashi Holdings Co's value of 2.46 is 89.2% above this industry median. Based on the distribution chart, Higashi Holdings Co ranks #554 out of 728 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Higashi Holdings Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Higashi Holdings Co's Cyclically Adjusted PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, Higashi Holdings Co ranks #554 out of 728 companies for Cyclically Adjusted PB Ratio. This places Higashi Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.30. Higashi Holdings Co's value of 2.46 is 89.2% above this benchmark. Historically, Higashi Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.69 to 2.46 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 1.30, Higashi 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.30, based on 728 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. Higashi Holdings Co's current Cyclically Adjusted PB Ratio of 2.46 is 89.2% 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 Higashi Holdings Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Higashi Holdings Co's current Cyclically Adjusted PB Ratio is 2.46, which is 107% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Higashi Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Higashi Holdings Co (TSE:9029) is currently considered Fairly Valued. The stock's GF Value™ is 円1,888.17, compared to a current price of 円1,955.00 — trading 3.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.46, which is 107% above median its 10-year median of 1.19 and 89.2% above the Transportation industry median of 1.30. Higashi Holdings Co's overall GF Score™ is 95/100 with 2 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 Higashi Holdings Co (TSE:9029), the current Cyclically Adjusted PB Ratio is 2.46 as of Aug. 12, 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 Higashi Holdings Co (TSE:9029) Overvalued in 2026?

Based on GuruFocus' analysis, Higashi Holdings Co stock appears to be overvalued. The current stock price of 円1,955.00 is trading 3.5% above its estimated GF Value™ of 円1,888.17. GuruFocus considers Higashi Holdings Co to be Fairly Valued.

Key valuation signals for TSE:9029:

  • Cyclically Adjusted PB Ratio: 2.46 (107% above median its 10-year median of 1.19)
  • GF Value™: 円1,888.17 vs. price of 円1,955.00 (3.5% above fair value)
  • GF Score™: 95/100 with 2 warning signs
  • Industry Position: 89.2% above the Transportation median (#554 of 728)

No single metric tells the full story. See the TSE:9029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Higashi Holdings Co Business Description

Address 3-1-9 Uchikubojicho, Chuo-Ku, Osaka, JPN, 540-0013
Higashi Holdings Co Ltd is a Japan-based company that engages in the business of logistics services. Its operations are carried out through the following business division:3PL Services, Comprehensive logistics services, General affairs logistics and BPO solutions, Office relocation services, In-house logistics services, PC kitting and IT-related services, Nursing care equipment rental and sales service, and Other Solutions.
95GF Score

Get the complete analysis for TSE:9029

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

円1,955.00
Price
円1,888.17
GF Value