Fujita Kanko (TSE:9722) Cyclically Adjusted PB Ratio: 4.32 (As of Aug. 05, 2026) — 192% Above 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:9722 Fujita Kanko Inc TSE:9722
69 GF Score
Price 円1,949.00
GF Value 円1,953.28
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Fujita Kanko Cyclically Adjusted PB Ratio?

Fujita Kanko TSE:9722 -1.76% 69 Cyclically Adjusted PB Ratio is 4.32 as of Aug. 05, 2026, which is 192% above its 10-year median of 1.48. GuruFocus rates TSE:9722 with a GF Score™ of 69/100 and a GF Value™ of 円1,953.28 (Fairly Valued). The stock has 2 warning signs investors should review. Among 645 Travel & Leisure companies, Fujita Kanko ranks worse than 84.65% on this metric.

As of today (2026-08-05), Fujita Kanko's current share price is 円1949.00. Fujita Kanko's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円451.38. Fujita Kanko's Cyclically Adjusted PB Ratio for today is 4.32.

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

TSE:9722' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.66   Med: 1.48   Max: 6.02
Current: 4.27

During the past years, Fujita Kanko's highest Cyclically Adjusted PB Ratio was 6.02. The lowest was 0.66. And the median was 1.48.

TSE:9722's Cyclically Adjusted PB Ratio is ranked worse than
84.65% of 645 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs TSE:9722: 4.27

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.

Fujita Kanko's adjusted book value per share data for the three months ended in Dec. 2025 was 円614.446. 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451.38 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fujita Kanko  (TSE:9722) 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.


Fujita Kanko Cyclically Adjusted PB Ratio Related Terms


Fujita Kanko Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fujita Kanko'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.

Fujita Kanko Cyclically Adjusted PB Ratio Chart

Fujita Kanko 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 1.23 1.41 2.74 3.64 5.85

Fujita Kanko Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 4.38 5.02 4.72 5.85 0.00

TSE:9722 vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Fujita Kanko'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.


Fujita Kanko Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fujita Kanko's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:9722
69GF Score
Fujita Kanko Inc TSE:9722
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fujita Kanko 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.

Fujita Kanko's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1949.00/451.38
=4.32

* 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.

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

For example, Fujita Kanko'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)
=614.446/113.0000*113.0000
=614.446

Current CPI (Dec. 2025) = 113.0000.

Fujita Kanko Quarterly Data

Book Value per Share CPI Adj_Book
201603 380.518 97.900 439.209
201606 373.675 98.100 430.431
201609 384.039 98.000 442.820
201612 439.391 98.400 504.585
201703 401.055 98.100 461.970
201706 490.177 98.500 562.335
201709 514.980 98.800 588.995
201712 457.794 99.400 520.430
201803 415.180 99.200 472.937
201806 415.764 99.200 473.602
201809 399.205 99.900 451.553
201812 409.101 99.700 463.675
201903 398.317 99.700 451.453
201906 397.166 99.800 449.697
201909 398.217 100.100 449.536
201912 438.411 100.500 492.940
202003 267.540 100.300 301.416
202006 170.804 99.900 193.202
202009 100.576 99.900 113.765
202012 19.749 99.300 22.474
202103 408.444 99.900 462.004
202106 341.202 99.500 387.496
202109 578.585 100.100 653.148
202112 478.166 100.100 539.788
202203 474.378 101.100 530.215
202206 431.627 101.800 479.114
202209 438.486 103.100 480.591
202212 377.603 104.100 409.886
202303 381.741 104.400 413.187
202306 427.313 105.200 458.996
202309 455.547 106.200 484.716
202312 433.435 106.800 458.597
202403 458.816 107.200 483.640
202406 504.414 108.200 526.791
202409 450.930 108.900 467.907
202412 428.080 110.700 436.974
202503 454.165 111.100 461.932
202506 501.669 111.700 507.508
202509 506.525 112.000 511.048
202512 614.446 113.000 614.446

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 4.32 mean?
Fujita Kanko (TSE:9722) has a Cyclically Adjusted PB Ratio of 4.32 as of Aug. 05, 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 Fujita Kanko and its competitors. This is 192% above median its historical median of 1.48. Over the past decade, Fujita Kanko's Cyclically Adjusted PB Ratio has ranged from 0.66 to 6.02. According to the industry distribution chart, Fujita Kanko ranks #546 out of 645 companies in the Travel & Leisure industry, placing it in the top 84.7%.
Is Fujita Kanko's Cyclically Adjusted PB Ratio too high?
Fujita Kanko's current Cyclically Adjusted PB Ratio of 4.32 is 192% above median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 6.02. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Fujita Kanko's value of 4.32 is 260% above this industry median. Based on the distribution chart, Fujita Kanko ranks #546 out of 645 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Fujita Kanko has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fujita Kanko's Cyclically Adjusted PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Fujita Kanko ranks #546 out of 645 companies for Cyclically Adjusted PB Ratio. This places Fujita Kanko in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Fujita Kanko's value of 4.32 is 260% above this benchmark. Historically, Fujita Kanko's own Cyclically Adjusted PB Ratio has ranged from 0.66 to 6.02 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 1.20, Fujita Kanko 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 645 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. Fujita Kanko's current Cyclically Adjusted PB Ratio of 4.32 is 260% 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 Fujita Kanko and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujita Kanko's current Cyclically Adjusted PB Ratio is 4.32, which is 192% above median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujita Kanko stock overvalued right now?
Based on GuruFocus' analysis, Fujita Kanko (TSE:9722) is currently considered Fairly Valued. The stock's GF Value™ is 円1,953.28, compared to a current price of 円1,949.00 — trading 0.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.32, which is 192% above median its 10-year median of 1.48 and 260% above the Travel & Leisure industry median of 1.20. Fujita Kanko's overall GF Score™ is 69/100 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 Fujita Kanko (TSE:9722), the current Cyclically Adjusted PB Ratio is 4.32 as of Aug. 05, 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 Fujita Kanko (TSE:9722) Overvalued in 2026?

Based on GuruFocus' analysis, Fujita Kanko stock appears to be undervalued. The current stock price of 円1,949.00 is trading 0.2% below its estimated GF Value™ of 円1,953.28. GuruFocus considers Fujita Kanko to be Fairly Valued.

Key valuation signals for TSE:9722:

  • Cyclically Adjusted PB Ratio: 4.32 (192% above median its 10-year median of 1.48)
  • GF Value™: 円1,953.28 vs. price of 円1,949.00 (0.2% below fair value)
  • GF Score™: 69/100 with 2 warning signs
  • Industry Position: 260% above the Travel & Leisure median (#546 of 645)

No single metric tells the full story. See the TSE:9722 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujita Kanko Business Description

Address 2-10-8 Sekiguchi, Bunkyo-ku, Tokyo, JPN, 112-8664
Fujita Kanko Inc is a hospitality company in Japan and rest of Asia. It operates hotels, wedding and banquet facilities, restaurants, resorts, and leisure facilities. The company also provides management services for resorts and urban condominiums, and property management services for land to be used for building villas.
69GF Score

Get the complete analysis for TSE:9722

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

円1,949.00
Price
円1,953.28
GF Value