OKASY (Onward Holdings Co) Cyclically Adjusted Book per Share: $51.15 (As of Feb. 2026)


OKASY Onward Holdings Co Ltd OKASY
78 GF Score
Price $50.00
GF Value $46.43
! 3 Warning Signs
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What is Onward Holdings Co Cyclically Adjusted Book per Share?

Onward Holdings Co OKASY 78 Cyclically Adjusted Book per Share is $51.15 as of Feb. 2026. GuruFocus rates OKASY with a GF Score™ of 78/100 and a GF Value™ of $46.43. 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.

Onward Holdings Co's adjusted book value per share for the three months ended in Feb. 2026 was $22.181. 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 $51.15 for the trailing ten years ended in Feb. 2026.

During the past 12 months, Onward Holdings Co's average Cyclically Adjusted Book Growth Rate was -6.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -4.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -4.00% 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 Onward Holdings Co was -2.50% per year. The lowest was -4.60% per year. And the median was -3.75% per year.

As of today (2026-06-30), Onward Holdings Co's current stock price is $50.00. Onward Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was $51.15. Onward Holdings Co's Cyclically Adjusted PB Ratio of today is 0.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Onward Holdings Co was 0.95. The lowest was 0.18. And the median was 0.55.


Onward Holdings Co  (OTCPK:OKASY) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=50.00/51.15
=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 Onward Holdings Co was 0.95. The lowest was 0.18. And the median was 0.55.


Be Aware

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


Onward Holdings Co Cyclically Adjusted Book per Share Related Terms


Onward Holdings Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Onward Holdings 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.

Onward Holdings Co Cyclically Adjusted Book per Share Chart

Onward Holdings Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 178.36 141.29 90.08 82.68 51.15

Onward Holdings Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 82.68 78.44 67.50 61.81 51.15

OKASY vs RL, LEVI, VFC: Cyclically Adjusted Book per Share Comparison

For the Apparel Manufacturing subindustry, Onward 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.


Onward Holdings Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Onward Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OKASY
78GF Score
Onward Holdings Co Ltd OKASY
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Onward Holdings 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, Onward Holdings Co's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book= Book Value per Share /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=22.181/112.2000*112.2000
=22.181

Current CPI (Feb. 2026) = 112.2000.

Onward Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201605 49.550 98.200 56.614
201608 51.585 97.900 59.120
201611 49.876 98.600 56.755
201702 49.676 98.100 56.816
201705 49.732 98.600 56.592
201708 50.842 98.500 57.913
201711 51.714 99.100 58.550
201802 53.725 99.500 60.582
201805 51.951 99.300 58.700
201808 50.959 99.800 57.291
201811 51.406 100.000 57.678
201902 52.171 99.700 58.712
201905 51.792 100.000 58.111
201908 42.471 100.000 47.652
201911 41.814 100.500 46.682
202002 30.390 100.300 33.996
202005 26.836 100.100 30.080
202008 22.679 100.100 25.420
202011 22.958 99.500 25.888
202102 19.897 99.800 22.369
202105 19.919 99.400 22.484
202108 21.881 99.700 24.624
202111 21.163 100.100 23.721
202202 21.428 100.700 23.875
202205 20.164 101.800 22.224
202208 19.463 102.700 21.263
202211 19.362 103.900 20.909
202302 20.721 104.000 22.355
202305 20.383 105.100 21.760
202308 19.060 105.900 20.194
202311 19.113 106.900 20.061
202402 19.666 106.900 20.641
202405 19.483 108.100 20.222
202408 20.486 109.100 21.068
202411 19.600 110.000 19.992
202502 20.483 110.800 20.742
202505 21.460 111.800 21.537
202508 20.854 112.100 20.873
202511 20.376 113.200 20.196
202602 22.181 112.200 22.181

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 $51.15 mean?
Onward Holdings Co (OKASY) has a Cyclically Adjusted Book per Share of $51.15 as of Feb. 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 Onward Holdings Co and its competitors.
Is Onward Holdings Co's Cyclically Adjusted Book per Share too high?
Onward Holdings Co's current Cyclically Adjusted Book per Share is $51.15. Overall, Onward Holdings Co has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Onward Holdings Co's Cyclically Adjusted Book per Share compare to RL and LEVI?
Onward Holdings Co's Cyclically Adjusted Book per Share of $51.15 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Book per Share depends on the Manufacturing - Apparel & Accessories 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 Onward Holdings Co and its competitors. Onward Holdings Co's current Cyclically Adjusted Book per Share is $51.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Holdings Co stock overvalued right now?
Onward Holdings Co (OKASY) has a current Cyclically Adjusted Book per Share of $51.15. The stock's GF Value™ is $46.43, compared to a current price of $50.00 — trading 7.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is $51.15. Onward Holdings Co's overall GF Score™ is 78/100 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 Onward Holdings Co (OKASY), the current Cyclically Adjusted Book per Share is $51.15 as of Feb. 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 Onward Holdings Co (OKASY) Overvalued in 2026?

Based on GuruFocus' analysis, Onward Holdings Co stock appears to be overvalued. The current stock price of $50.00 is trading 7.7% above its estimated GF Value™ of $46.43.

Key valuation signals for OKASY:

  • Cyclically Adjusted Book per Share: $51.15
  • GF Value™: $46.43 vs. price of $50.00 (7.7% above fair value)
  • GF Score™: 78/100 with 3 warning signs

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


Onward Holdings Co Business Description

Other Exchanges 8016:Japan
Address 10-5, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8239
Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three-fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three-fourths of Onward's sales are in Japan, and the majority of the company's remaining sales are in Europe. The company manufactures its products mainly in China.
78GF Score

Get the complete analysis for OKASY

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

$50.00
Price
$46.43
GF Value