Toshin Holdings Co (TSE:9444) Cyclically Adjusted PB Ratio: 0.51 (As of Sep. 01, 2026) — 56% Below Median

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TSE:9444 Toshin Holdings Co Ltd TSE:9444
41 GF Score
Price 円290.00
GF Value 円668.02
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Toshin Holdings Co Cyclically Adjusted PB Ratio?

Toshin Holdings Co TSE:9444 +0.69% 41 Cyclically Adjusted PB Ratio is 0.51 as of Sep. 01, 2026, which is 56% below its 10-year median of 1.15. GuruFocus rates TSE:9444 with a GF Score™ of 41/100 and a GF Value™ of 円668.02 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 756 Retail - Cyclical companies, Toshin Holdings Co ranks better than 76.72% on this metric.

As of today (2026-09-01), Toshin Holdings Co's current share price is 円290.00. Toshin Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was 円567.67. Toshin Holdings Co's Cyclically Adjusted PB Ratio for today is 0.51.

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

TSE:9444' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 1.15   Max: 1.34
Current: 0.51

During the past years, Toshin Holdings Co's highest Cyclically Adjusted PB Ratio was 1.34. The lowest was 0.33. And the median was 1.15.

TSE:9444's Cyclically Adjusted PB Ratio is ranked better than
76.72% of 756 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs TSE:9444: 0.51

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.

Toshin Holdings Co's adjusted book value per share data for the three months ended in Apr. 2026 was 円164.549. 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567.67 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toshin Holdings Co  (TSE:9444) 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.


Toshin Holdings Co Cyclically Adjusted PB Ratio Related Terms


Toshin Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Toshin 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.

Toshin Holdings Co Cyclically Adjusted PB Ratio Chart

Toshin Holdings Co Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 1.15 1.20 1.03 0.59

Toshin Holdings Co Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Oct24 Apr25 Jul25 Oct25 Jan26 Apr26
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 1.03 1.06 0.97 0.77 0.59

TSE:9444 vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Toshin 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.


Toshin Holdings Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Toshin Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:9444
41GF Score
Toshin Holdings Co Ltd TSE:9444
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toshin 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=290.00/567.67
=0.51

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=164.549/113.0000*113.0000
=164.549

Current CPI (Apr. 2026) = 113.0000.

Toshin Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201601 508.975 97.700 588.681
201604 513.356 98.100 591.328
201607 508.146 97.900 586.522
201610 527.786 98.600 604.866
201701 533.522 98.200 613.931
201704 538.438 98.500 617.700
201707 543.354 98.300 624.608
201710 534.126 98.800 610.893
201801 544.506 99.500 618.384
201804 542.389 99.100 618.466
201807 546.443 99.200 622.460
201810 554.532 100.200 625.370
201901 553.295 99.700 627.105
201904 541.816 100.000 612.252
201907 535.544 99.800 606.377
201910 546.032 100.400 614.558
202001 553.386 100.500 622.215
202004 544.484 100.200 614.039
202007 559.835 100.000 632.614
202010 578.769 99.800 655.320
202101 591.243 99.800 669.443
202104 468.102 99.100 533.759
202107 497.735 99.700 564.133
202110 518.076 99.900 586.012
202201 516.980 100.300 582.440
202204 491.697 101.500 547.407
202207 516.390 102.300 570.401
202210 532.666 103.700 580.436
202301 542.556 104.700 585.567
202304 530.365 105.100 570.231
202307 554.123 105.700 592.393
202310 578.986 107.100 610.882
202401 593.752 106.900 627.633
202404 402.036 107.700 421.821
202410 589.542 109.500 608.386
202504 380.058 111.500 385.171
202507 369.725 111.900 373.359
202510 391.873 112.800 392.568
202601 432.255 112.900 432.638
202604 164.549 113.000 164.549

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 0.51 mean?
Toshin Holdings Co (TSE:9444) has a Cyclically Adjusted PB Ratio of 0.51 as of Sep. 01, 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 Toshin Holdings Co and its competitors. This is 56% below median its historical median of 1.15. Over the past decade, Toshin Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.33 to 1.34. According to the industry distribution chart, Toshin Holdings Co ranks #176 out of 756 companies in the Retail - Cyclical industry, placing it in the top 23.3%.
Is Toshin Holdings Co's Cyclically Adjusted PB Ratio too high?
Toshin Holdings Co's current Cyclically Adjusted PB Ratio of 0.51 is 56% below median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.34. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Toshin Holdings Co's value of 0.51 is 58.9% below this industry median. Based on the distribution chart, Toshin Holdings Co ranks #176 out of 756 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Toshin Holdings Co has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Toshin Holdings Co's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Toshin Holdings Co ranks #176 out of 756 companies for Cyclically Adjusted PB Ratio. This places Toshin Holdings Co in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.24. Toshin Holdings Co's value of 0.51 is 58.9% below this benchmark. Historically, Toshin Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.33 to 1.34 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 1.24, Toshin Holdings 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 756 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. Toshin Holdings Co's current Cyclically Adjusted PB Ratio of 0.51 is 58.9% 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 Toshin Holdings Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toshin Holdings Co's current Cyclically Adjusted PB Ratio is 0.51, which is 56% below median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toshin Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Toshin Holdings Co (TSE:9444) is currently considered Possible Value Trap. The stock's GF Value™ is 円668.02, compared to a current price of 円290.00 — trading 56.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.51, which is 56% below median its 10-year median of 1.15 and 58.9% below the Retail - Cyclical industry median of 1.24. Toshin Holdings Co's overall GF Score™ is 41/100 with 8 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 Toshin Holdings Co (TSE:9444), the current Cyclically Adjusted PB Ratio is 0.51 as of Sep. 01, 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 Toshin Holdings Co (TSE:9444) Overvalued in 2026?

Based on GuruFocus' analysis, Toshin Holdings Co stock appears to be undervalued. The current stock price of 円290.00 is trading 56.6% below its estimated GF Value™ of 円668.02. GuruFocus considers Toshin Holdings Co to be Possible Value Trap.

Key valuation signals for TSE:9444:

  • Cyclically Adjusted PB Ratio: 0.51 (56% below median its 10-year median of 1.15)
  • GF Value™: 円668.02 vs. price of 円290.00 (56.6% below fair value)
  • GF Score™: 41/100 with 8 warning signs
  • Industry Position: 58.9% below the Retail - Cyclical median (#176 of 756)

No single metric tells the full story. See the TSE:9444 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toshin Holdings Co Business Description

Address Aichi Prefecture, Naka-ku Sakae, 3-4-21 Toshin Sakae Building, Nagoya, JPN, 460 0008
Toshin Holdings Co Ltd is engaged in the sale of mobile phone and other communication equipment. It also offers leasing and sale of real estate properties, provides asset management services, operates golf courses and restaurants, sales drinking water. Its other business includes OA equipment sales, air conditioner sales, drinking water sales, rental conference room operation, golfers salon management.
41GF Score

Get the complete analysis for TSE:9444

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

円290.00
Price
円668.02
GF Value