Luckland Co (TSE:9612) Cyclically Adjusted PB Ratio: 1.25 (As of Aug. 14, 2026) — 58% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9612 Luckland Co Ltd TSE:9612
70 GF Score
Price 円1,274.00
GF Value 円2,643.45
Valuation Significantly Undervalued
View Full Analysis

What is Luckland Co Cyclically Adjusted PB Ratio?

Luckland Co TSE:9612 +0.47% 70 Cyclically Adjusted PB Ratio is 1.25 as of Aug. 14, 2026, which is 58% below its 10-year median of 2.99. GuruFocus rates TSE:9612 with a GF Score™ of 70/100 and a GF Value™ of 円2,643.45 (Significantly Undervalued). Among 1,332 Construction companies, Luckland Co ranks worse than 53.15% on this metric.

As of today (2026-08-14), Luckland Co's current share price is 円1274.00. Luckland Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円1,019.00. Luckland Co's Cyclically Adjusted PB Ratio for today is 1.25.

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

TSE:9612' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 2.99   Max: 3.76
Current: 1.26

During the past years, Luckland Co's highest Cyclically Adjusted PB Ratio was 3.76. The lowest was 1.01. And the median was 2.99.

TSE:9612's Cyclically Adjusted PB Ratio is ranked worse than
53.15% of 1332 companies
in the Construction industry
Industry Median: 1.15 vs TSE:9612: 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.

Luckland Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円1,147.985. 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1,019.00 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Luckland Co  (TSE:9612) 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.


Luckland Co Cyclically Adjusted PB Ratio Related Terms


Luckland Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Luckland 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.

Luckland Co Cyclically Adjusted PB Ratio Chart

Luckland 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 3.83 3.29 2.53 1.84 1.89

Luckland 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 1.74 1.05 1.30 1.89 0.00

TSE:9612 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Luckland 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.


Luckland Co Cyclically Adjusted PB Ratio vs Construction Industry

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

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


TSE:9612
70GF Score
Luckland Co Ltd TSE:9612
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Luckland 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1274.00/1019.00
=1.25

* 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.

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

For example, Luckland 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)
=1147.985/113.0000*113.0000
=1,147.985

Current CPI (Dec. 2025) = 113.0000.

Luckland Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 785.772 98.100 905.120
201603 774.276 97.900 893.700
201606 769.317 98.100 886.165
201609 719.757 98.000 829.924
201612 812.838 98.400 933.442
201703 779.671 98.100 898.092
201706 791.040 98.500 907.488
201709 809.773 98.800 926.157
201712 909.031 99.400 1,033.405
201803 898.511 99.200 1,023.505
201806 966.889 99.200 1,101.396
201809 918.333 99.900 1,038.755
201812 835.799 99.700 947.295
201903 796.261 99.700 902.482
201906 780.552 99.800 883.791
201909 781.987 100.100 882.763
201912 1,091.651 100.500 1,227.428
202003 1,047.318 100.300 1,179.930
202006 1,089.629 99.900 1,232.513
202009 1,042.440 99.900 1,179.136
202012 1,009.700 99.300 1,149.004
202103 1,030.077 99.900 1,165.152
202106 1,026.957 99.500 1,166.293
202109 1,008.894 100.100 1,138.911
202112 985.624 100.100 1,112.642
202203 989.699 101.100 1,106.192
202206 967.334 101.800 1,073.760
202209 953.760 103.100 1,045.343
202212 985.077 104.100 1,069.296
202303 965.159 104.400 1,044.664
202306 970.266 105.200 1,042.206
202309 917.229 106.200 975.959
202312 974.895 106.800 1,031.490
202403 956.483 107.200 1,008.233
202406 975.479 108.200 1,018.753
202412 903.766 110.700 922.543
202503 944.828 111.100 960.986
202506 995.524 111.700 1,007.110
202509 1,125.328 112.000 1,135.376
202512 1,147.985 113.000 1,147.985

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 1.25 mean?
Luckland Co (TSE:9612) has a Cyclically Adjusted PB Ratio of 1.25 as of Aug. 14, 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 Luckland Co and its competitors. This is 58% below median its historical median of 2.99. Over the past decade, Luckland Co's Cyclically Adjusted PB Ratio has ranged from 1.01 to 3.76. According to the industry distribution chart, Luckland Co ranks #708 out of 1332 companies in the Construction industry, placing it in the top 53.2%.
Is Luckland Co's Cyclically Adjusted PB Ratio too high?
Luckland Co's current Cyclically Adjusted PB Ratio of 1.25 is 58% below median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 3.76. The Construction industry median Cyclically Adjusted PB Ratio is 1.15. Luckland Co's value of 1.25 is 8.7% above this industry median. Based on the distribution chart, Luckland Co ranks #708 out of 1332 companies in the Construction industry, which is below the industry midpoint. Overall, Luckland Co has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Luckland Co's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Luckland Co ranks #708 out of 1332 companies for Cyclically Adjusted PB Ratio. This places Luckland Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. Luckland Co's value of 1.25 is 8.7% above this benchmark. Historically, Luckland Co's own Cyclically Adjusted PB Ratio has ranged from 1.01 to 3.76 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 1.15, Luckland 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.15, based on 1,332 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. Luckland Co's current Cyclically Adjusted PB Ratio of 1.25 is 8.7% 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 Luckland Co and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Luckland Co's current Cyclically Adjusted PB Ratio is 1.25, which is 58% below median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luckland Co stock overvalued right now?
Based on GuruFocus' analysis, Luckland Co (TSE:9612) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,643.45, compared to a current price of 円1,274.00 — trading 51.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.25, which is 58% below median its 10-year median of 2.99 and 8.7% above the Construction industry median of 1.15. Luckland Co's overall GF Score™ is 70/100. 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 Luckland Co (TSE:9612), the current Cyclically Adjusted PB Ratio is 1.25 as of Aug. 14, 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 Luckland Co (TSE:9612) Overvalued in 2026?

Based on GuruFocus' analysis, Luckland Co stock appears to be undervalued. The current stock price of 円1,274.00 is trading 51.8% below its estimated GF Value™ of 円2,643.45. GuruFocus considers Luckland Co to be Significantly Undervalued.

Key valuation signals for TSE:9612:

  • Cyclically Adjusted PB Ratio: 1.25 (58% below median its 10-year median of 2.99)
  • GF Value™: 円2,643.45 vs. price of 円1,274.00 (51.8% below fair value)
  • GF Score™: 70/100
  • Industry Position: 8.7% above the Construction median (#708 of 1332)

No single metric tells the full story. See the TSE:9612 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Luckland Co Business Description

Address 3-18-20 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0023
Luckland Co Ltd is engaged in the designing, construction, and maintenance of commercial building facilities. The company specializes in food store construction. It also builds shopping malls, restaurants, theme parks, specialty stores, hotel, convenience store, and others.
70GF Score

Get the complete analysis for TSE:9612

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

円1,274.00
Price
円2,643.45
GF Value