Maruichi Co (NGO:8228) Cyclically Adjusted Book per Share: 円1,142.28 (As of Mar. 2026)


NGO:8228 Maruichi Co Ltd NGO:8228
65 GF Score
Price 円1,122.00
GF Value 円1,485.08
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Maruichi Co Cyclically Adjusted Book per Share?

Maruichi Co NGO:8228 +0.27% 65 Cyclically Adjusted Book per Share is 円1,142.28 as of Mar. 2026. GuruFocus rates NGO:8228 with a GF Score™ of 65/100 and a GF Value™ of 円1,485.08 (Modestly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Maruichi Co's adjusted book value per share data for the fiscal year that ended in Mar. 2026 was 円1,301.682. 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1,142.28 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Maruichi Co's average Cyclically Adjusted Book Growth Rate was 4.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Maruichi Co was 6.10% per year. The lowest was 3.30% per year. And the median was 4.40% per year.

As of today (2026-07-11), Maruichi Co's current stock price is 円 1122.00. Maruichi Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar. 2026 was 円1,142.28. Maruichi Co's Cyclically Adjusted PB Ratio of today is 0.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Maruichi Co was 1.61. The lowest was 0.98. And the median was 1.22.


Maruichi Co  (NGO:8228) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Maruichi Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1122.00/1142.28
=0.98

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Maruichi Co was 1.61. The lowest was 0.98. And the median was 1.22.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Maruichi Co Cyclically Adjusted Book per Share Related Terms


Maruichi Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Maruichi Co's Cyclically Adjusted Book per Share 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.

Maruichi Co Cyclically Adjusted Book per Share Chart

Maruichi Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 914.52 969.18 1,025.89 1,091.00 1,142.28

Maruichi Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Cyclically Adjusted Book per Share 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 1,025.89 1,040.02 1,091.00 0.00 1,142.28

NGO:8228 vs SYY, USFD, PFGC: Cyclically Adjusted Book per Share Comparison

For the Food Distribution subindustry, Maruichi 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.


Maruichi Co Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

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

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


NGO:8228
65GF Score
Maruichi Co Ltd NGO:8228
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maruichi Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Maruichi Co's adjusted Book Value per Share data for the fiscal year that ended in Mar. 2026 was:

Adj_Book=Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1301.682/112.7000*112.7000
=1,301.682

Current CPI (Mar. 2026) = 112.7000.

Maruichi Co Annual Data

Book Value per Share CPI Adj_Book
201703 872.019 98.100 1,001.800
201803 922.836 99.200 1,048.424
201903 949.166 99.700 1,072.929
202003 976.152 100.300 1,096.833
202103 1,029.489 99.900 1,161.395
202203 1,034.803 101.100 1,153.534
202303 1,081.388 104.400 1,167.360
202403 1,158.775 107.200 1,218.227
202503 1,183.596 111.100 1,200.641
202603 1,301.682 112.700 1,301.682

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of 円1,142.28 mean?
Maruichi Co (NGO:8228) has a Cyclically Adjusted Book per Share of 円1,142.28 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Maruichi Co and its competitors.
Is Maruichi Co's Cyclically Adjusted Book per Share too high?
Maruichi Co's current Cyclically Adjusted Book per Share is 円1,142.28. Overall, Maruichi Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maruichi Co's Cyclically Adjusted Book per Share compare to SYY and USFD?
Maruichi Co's Cyclically Adjusted Book per Share of 円1,142.28 can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Retail - Defensive company?
A good Cyclically Adjusted Book per Share depends on the Retail - Defensive industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Maruichi Co and its competitors. Maruichi Co's current Cyclically Adjusted Book per Share is 円1,142.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruichi Co stock overvalued right now?
Based on GuruFocus' analysis, Maruichi Co (NGO:8228) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,485.08, compared to a current price of 円1,122.00 — trading 24.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円1,142.28. Maruichi Co's overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Maruichi Co (NGO:8228), the current Cyclically Adjusted Book per Share is 円1,142.28 as of Mar. 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 Maruichi Co (NGO:8228) Overvalued in 2026?

Based on GuruFocus' analysis, Maruichi Co stock appears to be undervalued. The current stock price of 円1,122.00 is trading 24.4% below its estimated GF Value™ of 円1,485.08. GuruFocus considers Maruichi Co to be Modestly Undervalued.

Key valuation signals for NGO:8228:

  • Cyclically Adjusted Book per Share: 円1,142.28
  • GF Value™: 円1,485.08 vs. price of 円1,122.00 (24.4% below fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the NGO:8228 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maruichi Co Business Description

Address 3-38 Nagano City Market, Nagano, JPN, 381-2281
Maruichi Co Ltd is engaged in the wholesale business of fishery products, dairy foods, and frozen foods, general dry foods, processed foods, livestock products, and processed livestock products, retail store support business, among others. The company has four reportable segments: "Fishery Business", "General Food Business", and "Livestock Business", which are segments by product and service based on business divisions, and "Marusui Nagano Kensui Group", which is a segment by operating company. The company generates the majority of its revenue from Fishery Business segment, which is engaged in seafood, processed seafood products, daily necessities, and frozen foods, and manufactures processed seafood products.
65GF Score

Get the complete analysis for NGO:8228

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

円1,122.00
Price
円1,485.08
GF Value