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Musashino Kogyo CoTSE:9635 59 Cyclically Adjusted PB Ratio is 0.67 as of Aug. 07, 2026, which is 3% above its 10-year median of 0.65. GuruFocus rates TSE:9635 with a GF Score™ of 59/100 and a GF Value™ of 円2,089.93 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,412 Real Estate companies, Musashino Kogyo Co ranks better than 50.99% on this metric.
The historical rank and industry rank for Musashino Kogyo Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:9635'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55 Med: 0.65 Max: 0.99
Current: 0.67
During the past 13 years, Musashino Kogyo Co's highest Cyclically Adjusted PB Ratio was 0.99. The lowest was 0.55. And the median was 0.65.
TSE:9635's Cyclically Adjusted PB Ratio is ranked better than 50.99% of 1412
companies
in the Real Estate industry
Industry Median: 0.68
vs TSE:9635: 0.67
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.
Musashino Kogyo Co's adjusted book value per share data of for the fiscal year that ended in Mar26 was 円3,802.485. 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3,797.61 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Musashino Kogyo Co (TSE:9635) 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.
Musashino Kogyo Co Cyclically Adjusted PB Ratio Related Terms
Musashino Kogyo Co Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Musashino Kogyo 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.
Musashino Kogyo Co Cyclically Adjusted PB Ratio Chart
TSE:9635 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison
For the Real Estate Services subindustry, Musashino Kogyo 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.
Musashino Kogyo Co Cyclically Adjusted PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Musashino Kogyo Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Musashino Kogyo Co's Cyclically Adjusted PB Ratio falls into.
Musashino Kogyo 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.
Musashino Kogyo Co's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 0.67 mean?
Musashino Kogyo Co (TSE:9635) has a Cyclically Adjusted PB Ratio of 0.67 as of Aug. 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 Musashino Kogyo Co and its competitors. This is near median its historical median of 0.65. Over the past decade, Musashino Kogyo Co's Cyclically Adjusted PB Ratio has ranged from 0.55 to 0.99. According to the industry distribution chart, Musashino Kogyo Co ranks #692 out of 1412 companies in the Real Estate industry, placing it in the top 49%.
Is Musashino Kogyo Co's Cyclically Adjusted PB Ratio too high?
Musashino Kogyo Co's current Cyclically Adjusted PB Ratio of 0.67 is near median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 0.99. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Musashino Kogyo Co's value of 0.67 is 1.5% below this industry median. Based on the distribution chart, Musashino Kogyo Co ranks #692 out of 1412 companies in the Real Estate industry, which is above the industry midpoint. Overall, Musashino Kogyo Co has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Musashino Kogyo Co's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Musashino Kogyo Co ranks #692 out of 1412 companies for Cyclically Adjusted PB Ratio. This puts Musashino Kogyo Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. Musashino Kogyo Co's value of 0.67 is 1.5% below this benchmark. Historically, Musashino Kogyo Co's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 0.99 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.68, Musashino Kogyo 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.68, based on 1,412 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. Musashino Kogyo Co's current Cyclically Adjusted PB Ratio of 0.67 is 1.5% 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 Musashino Kogyo Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Musashino Kogyo Co's current Cyclically Adjusted PB Ratio is 0.67, which is near 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 Musashino Kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Musashino Kogyo Co (TSE:9635) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,089.93, compared to a current price of 円2,535.00 — trading 21.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.67, which is near median its 10-year median of 0.65 and 1.5% below the Real Estate industry median of 0.68. Musashino Kogyo Co's overall GF Score™ is 59/100 with 6 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 Musashino Kogyo Co (TSE:9635), the current Cyclically Adjusted PB Ratio is 0.67 as of Aug. 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 Musashino Kogyo Co (TSE:9635) Overvalued in 2026?
Based on GuruFocus' analysis, Musashino Kogyo Co stock appears to be overvalued.
The current stock price of 円2,535.00 is trading 21.3% above its estimated GF Value™ of 円2,089.93.
GuruFocus considers Musashino Kogyo Co to be Modestly Overvalued.
Key valuation signals for TSE:9635:
Cyclically Adjusted PB Ratio: 0.67 (near median its 10-year median of 0.65)
GF Value™: 円2,089.93 vs. price of 円2,535.00 (21.3% above fair value)
Industry Position: 1.5% below the Real Estate median (#692 of 1412)
No single metric tells the full story. See the TSE:9635 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Musashino Kogyo Co Ltd is a real estate company which manages land and buildings. The company invests in real estate properties. In addition, the company is engaged in the distribution and operation of cinema kiosks. The reportable segments are the four divisions consisting of Automobile Training Business, Automobile Training Business, and Trading Business.
59GF Score
Get the complete analysis for TSE:9635
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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