Hamakyorex Co (TSE:9037) Cyclically Adjusted PB Ratio: 1.88 (As of Sep. 07, 2026) — 30% Above Median

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TSE:9037 Hamakyorex Co Ltd TSE:9037
91 GF Score
Price 円1,837.00
GF Value 円1,417.87
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Hamakyorex Co Cyclically Adjusted PB Ratio?

Hamakyorex Co TSE:9037 +0.11% 91 Cyclically Adjusted PB Ratio is 1.88 as of Sep. 07, 2026, which is 30% above its 10-year median of 1.45. GuruFocus rates TSE:9037 with a GF Score™ of 91/100 and a GF Value™ of 円1,417.87 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 700 Transportation companies, Hamakyorex Co ranks worse than 66.86% on this metric.

As of today (2026-09-07), Hamakyorex Co's current share price is 円1837.00. Hamakyorex Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円977.23. Hamakyorex Co's Cyclically Adjusted PB Ratio for today is 1.88.

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

TSE:9037' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.05   Med: 1.45   Max: 2.35
Current: 1.88

During the past years, Hamakyorex Co's highest Cyclically Adjusted PB Ratio was 2.35. The lowest was 1.05. And the median was 1.45.

TSE:9037's Cyclically Adjusted PB Ratio is ranked worse than
66.86% of 700 companies
in the Transportation industry
Industry Median: 1.28 vs TSE:9037: 1.88

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.

Hamakyorex Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,323.121. 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977.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hamakyorex Co  (TSE:9037) 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.


Hamakyorex Co Cyclically Adjusted PB Ratio Related Terms


Hamakyorex Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hamakyorex 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.

Hamakyorex Co Cyclically Adjusted PB Ratio Chart

Hamakyorex 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 1.11 1.11 1.20 1.44 1.81

Hamakyorex Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 1.48 1.67 1.84 1.81 0.00

TSE:9037 vs UPS, FDX, EXPD: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Hamakyorex 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.


Hamakyorex Co Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


TSE:9037
91GF Score
Hamakyorex Co Ltd TSE:9037
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hamakyorex 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1837.00/977.23
=1.88

* 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.

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

For example, Hamakyorex 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)
=1323.121/112.7000*112.7000
=1,323.121

Current CPI (Mar. 2026) = 112.7000.

Hamakyorex Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 567.341 98.100 651.777
201609 583.284 98.000 670.777
201612 599.897 98.400 687.077
201703 615.427 98.100 707.020
201706 628.055 98.500 718.597
201709 644.432 98.800 735.096
201712 661.387 99.400 749.882
201803 679.290 99.200 771.734
201806 693.181 99.200 787.515
201809 712.057 99.900 803.292
201812 727.539 99.700 822.404
201903 743.479 99.700 840.422
201906 754.134 99.800 851.612
201909 774.299 100.100 871.763
201912 789.926 100.500 885.818
202003 807.066 100.300 906.843
202006 819.477 99.900 924.475
202009 841.397 99.900 949.204
202012 859.707 99.300 975.720
202103 878.668 99.900 991.250
202106 890.857 99.500 1,009.041
202109 913.133 100.100 1,028.073
202112 928.808 100.100 1,045.721
202203 952.202 101.100 1,061.456
202206 967.212 101.800 1,070.774
202209 989.581 103.100 1,081.724
202212 1,007.745 104.100 1,090.998
202303 1,029.661 104.400 1,111.521
202306 1,043.846 105.200 1,118.265
202309 1,067.785 106.200 1,133.139
202312 1,087.919 106.800 1,148.019
202403 1,118.716 107.200 1,176.113
202406 0.000 108.200 0.000
202409 1,160.510 108.900 1,201.005
202412 1,179.828 110.700 1,201.144
202503 1,210.112 111.100 1,227.539
202506 1,226.448 111.700 1,237.428
202509 1,259.944 112.000 1,267.819
202512 1,280.387 113.000 1,276.988
202603 1,323.121 112.700 1,323.121

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 1.88 mean?
Hamakyorex Co (TSE:9037) has a Cyclically Adjusted PB Ratio of 1.88 as of Sep. 07, 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 Hamakyorex Co and its competitors. This is 30% above median its historical median of 1.45. Over the past decade, Hamakyorex Co's Cyclically Adjusted PB Ratio has ranged from 1.05 to 2.35. According to the industry distribution chart, Hamakyorex Co ranks #468 out of 700 companies in the Transportation industry, placing it in the top 66.9%.
Is Hamakyorex Co's Cyclically Adjusted PB Ratio too high?
Hamakyorex Co's current Cyclically Adjusted PB Ratio of 1.88 is 30% above median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 2.35. The Transportation industry median Cyclically Adjusted PB Ratio is 1.28. Hamakyorex Co's value of 1.88 is 46.9% above this industry median. Based on the distribution chart, Hamakyorex Co ranks #468 out of 700 companies in the Transportation industry, which is below the industry midpoint. Overall, Hamakyorex Co has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hamakyorex Co's Cyclically Adjusted PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, Hamakyorex Co ranks #468 out of 700 companies for Cyclically Adjusted PB Ratio. This places Hamakyorex Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Hamakyorex Co's value of 1.88 is 46.9% above this benchmark. Historically, Hamakyorex Co's own Cyclically Adjusted PB Ratio has ranged from 1.05 to 2.35 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 1.28, Hamakyorex 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 1.28, based on 700 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. Hamakyorex Co's current Cyclically Adjusted PB Ratio of 1.88 is 46.9% 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 Hamakyorex Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hamakyorex Co's current Cyclically Adjusted PB Ratio is 1.88, which is 30% above median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamakyorex Co stock overvalued right now?
Based on GuruFocus' analysis, Hamakyorex Co (TSE:9037) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,417.87, compared to a current price of 円1,837.00 — trading 29.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.88, which is 30% above median its 10-year median of 1.45 and 46.9% above the Transportation industry median of 1.28. Hamakyorex Co's overall GF Score™ is 91/100 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 Hamakyorex Co (TSE:9037), the current Cyclically Adjusted PB Ratio is 1.88 as of Sep. 07, 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 Hamakyorex Co (TSE:9037) Overvalued in 2026?

Based on GuruFocus' analysis, Hamakyorex Co stock appears to be overvalued. The current stock price of 円1,837.00 is trading 29.6% above its estimated GF Value™ of 円1,417.87. GuruFocus considers Hamakyorex Co to be Modestly Overvalued.

Key valuation signals for TSE:9037:

  • Cyclically Adjusted PB Ratio: 1.88 (30% above median its 10-year median of 1.45)
  • GF Value™: 円1,417.87 vs. price of 円1,837.00 (29.6% above fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 46.9% above the Transportation median (#468 of 700)

No single metric tells the full story. See the TSE:9037 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hamakyorex Co Business Description

Address 1701-1 Terawaki-cho, Minami-ku, Shizuoka, Hamamatsu-shi, JPN, 430 0841
Hamakyorex Co Ltd is a Japan based company engaged in the provision of logistics services. Its business activities include apparel physical distribution, medical equipment logistics, cosmetic logistics, bedding logistics, EC logistics, food distribution, miscellaneous goods distribution and other related activities.
91GF Score

Get the complete analysis for TSE:9037

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

円1,837.00
Price
円1,417.87
GF Value