Hiroshima Electric Railway Co (TSE:9033) Cyclically Adjusted PB Ratio: 0.43 (As of Aug. 08, 2026) — 34% Below Median

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TSE:9033 Hiroshima Electric Railway Co Ltd TSE:9033
62 GF Score
Price 円624.00
GF Value 円785.49
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Hiroshima Electric Railway Co Cyclically Adjusted PB Ratio?

Hiroshima Electric Railway Co TSE:9033 62 Cyclically Adjusted PB Ratio is 0.43 as of Aug. 08, 2026, which is 34% below its 10-year median of 0.65. GuruFocus rates TSE:9033 with a GF Score™ of 62/100 and a GF Value™ of 円785.49 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 734 Transportation companies, Hiroshima Electric Railway Co ranks better than 87.87% on this metric.

As of today (2026-08-08), Hiroshima Electric Railway Co's current share price is 円624.00. Hiroshima Electric Railway Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,457.93. Hiroshima Electric Railway Co's Cyclically Adjusted PB Ratio for today is 0.43.

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

TSE:9033' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.65   Max: 1.07
Current: 0.43

During the past years, Hiroshima Electric Railway Co's highest Cyclically Adjusted PB Ratio was 1.07. The lowest was 0.41. And the median was 0.65.

TSE:9033's Cyclically Adjusted PB Ratio is ranked better than
87.87% of 734 companies
in the Transportation industry
Industry Median: 1.27 vs TSE:9033: 0.43

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.

Hiroshima Electric Railway Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,460.134. 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1,457.93 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hiroshima Electric Railway Co  (TSE:9033) 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.


Hiroshima Electric Railway Co Cyclically Adjusted PB Ratio Related Terms


Hiroshima Electric Railway Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hiroshima Electric Railway 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.

Hiroshima Electric Railway Co Cyclically Adjusted PB Ratio Chart

Hiroshima Electric Railway 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 0.65 0.60 0.56 0.42 0.42

Hiroshima Electric Railway Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.42 0.00 0.00 0.00 0.42

TSE:9033 vs UNP, CSX, NSC: Cyclically Adjusted PB Ratio Comparison

For the Railroads subindustry, Hiroshima Electric Railway 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.


Hiroshima Electric Railway Co Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


TSE:9033
62GF Score
Hiroshima Electric Railway Co Ltd TSE:9033
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hiroshima Electric Railway 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.

Hiroshima Electric Railway Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=624.00/1457.93
=0.43

* 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.

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

For example, Hiroshima Electric Railway 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)
=1460.134/112.7000*112.7000
=1,460.134

Current CPI (Mar. 2026) = 112.7000.

Hiroshima Electric Railway Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 1,297.570 97.900 1,493.730
201606 1,301.955 98.100 1,495.722
201609 1,318.837 98.000 1,516.663
201612 1,334.037 98.400 1,527.906
201703 1,340.247 98.100 1,539.713
201706 1,349.985 98.500 1,544.602
201709 1,351.952 98.800 1,542.156
201712 1,359.503 99.400 1,541.408
201803 1,361.142 99.200 1,546.378
201806 1,358.999 99.200 1,543.943
201809 1,357.977 99.900 1,531.972
201812 1,347.853 99.700 1,523.601
201903 1,354.185 99.700 1,530.759
201906 1,347.919 99.800 1,522.149
201909 1,358.603 100.100 1,529.616
201912 1,363.879 100.500 1,529.444
202003 1,355.794 100.300 1,523.410
202006 1,281.985 99.900 1,446.243
202009 1,251.360 99.900 1,411.694
202012 1,249.481 99.300 1,418.092
202103 1,265.083 99.900 1,427.176
202106 1,243.665 99.500 1,408.654
202109 1,216.185 100.100 1,369.271
202112 1,210.287 100.100 1,362.631
202203 1,245.249 101.100 1,388.126
202206 1,254.339 101.800 1,388.644
202209 1,228.783 103.100 1,343.199
202212 1,228.454 104.100 1,329.940
202303 1,263.056 104.400 1,363.471
202306 1,280.310 105.200 1,371.587
202309 1,294.402 106.200 1,373.626
202312 1,281.692 106.800 1,352.497
202403 1,338.393 107.200 1,407.061
202406 1,342.608 108.200 1,398.447
202409 1,321.427 108.900 1,367.537
202503 1,373.342 111.100 1,393.120
202506 1,368.075 111.700 1,380.323
202509 1,384.514 112.000 1,393.167
202512 1,399.289 113.000 1,395.574
202603 1,460.134 112.700 1,460.134

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 0.43 mean?
Hiroshima Electric Railway Co (TSE:9033) has a Cyclically Adjusted PB Ratio of 0.43 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 Hiroshima Electric Railway Co and its competitors. This is 34% below median its historical median of 0.65. Over the past decade, Hiroshima Electric Railway Co's Cyclically Adjusted PB Ratio has ranged from 0.41 to 1.07. According to the industry distribution chart, Hiroshima Electric Railway Co ranks #89 out of 734 companies in the Transportation industry, placing it in the top 12.1%.
Is Hiroshima Electric Railway Co's Cyclically Adjusted PB Ratio too high?
Hiroshima Electric Railway Co's current Cyclically Adjusted PB Ratio of 0.43 is 34% below median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.07. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Hiroshima Electric Railway Co's value of 0.43 is 66.1% below this industry median. Based on the distribution chart, Hiroshima Electric Railway Co ranks #89 out of 734 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Hiroshima Electric Railway Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hiroshima Electric Railway Co's Cyclically Adjusted PB Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, Hiroshima Electric Railway Co ranks #89 out of 734 companies for Cyclically Adjusted PB Ratio. This places Hiroshima Electric Railway Co in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. Hiroshima Electric Railway Co's value of 0.43 is 66.1% below this benchmark. Historically, Hiroshima Electric Railway Co's own Cyclically Adjusted PB Ratio has ranged from 0.41 to 1.07 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 1.27, Hiroshima Electric Railway Co has consistently been below 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 1.27, based on 734 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. Hiroshima Electric Railway Co's current Cyclically Adjusted PB Ratio of 0.43 is 66.1% below 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 Hiroshima Electric Railway Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiroshima Electric Railway Co's current Cyclically Adjusted PB Ratio is 0.43, which is 34% below median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiroshima Electric Railway Co stock overvalued right now?
Based on GuruFocus' analysis, Hiroshima Electric Railway Co (TSE:9033) is currently considered Modestly Undervalued. The stock's GF Value™ is 円785.49, compared to a current price of 円624.00 — trading 20.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.43, which is 34% below median its 10-year median of 0.65 and 66.1% below the Transportation industry median of 1.27. Hiroshima Electric Railway Co's overall GF Score™ is 62/100 with 4 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 Hiroshima Electric Railway Co (TSE:9033), the current Cyclically Adjusted PB Ratio is 0.43 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 Hiroshima Electric Railway Co (TSE:9033) Overvalued in 2026?

Based on GuruFocus' analysis, Hiroshima Electric Railway Co stock appears to be undervalued. The current stock price of 円624.00 is trading 20.6% below its estimated GF Value™ of 円785.49. GuruFocus considers Hiroshima Electric Railway Co to be Modestly Undervalued.

Key valuation signals for TSE:9033:

  • Cyclically Adjusted PB Ratio: 0.43 (34% below median its 10-year median of 0.65)
  • GF Value™: 円785.49 vs. price of 円624.00 (20.6% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 66.1% below the Transportation median (#89 of 734)

No single metric tells the full story. See the TSE:9033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hiroshima Electric Railway Co Business Description

Address 2-9-29 Higashi-Senda-cho, Naka-ku, Hiroshima Prefecture, Hiroshima, JPN, 730-8610
Hiroshima Electric Railway Co Ltd operates in various sectors such as Transportation which includes railway and railroad business, Bus business, ropeway, air transport agency, and hire business; Distribution business includes merchandise sales; Real estate business includes rental and sales business; Construction includes civil engineering, telecommunication construction; and Leisure business includes catering, bowling, golf and travel business.
62GF Score

Get the complete analysis for TSE:9033

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

円624.00
Price
円785.49
GF Value