Hayashikanengyo Co (TSE:2286) Cyclically Adjusted Book per Share: 円1,101.27 (As of Mar. 2026)

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:2286 Hayashikane Sangyo Co Ltd TSE:2286
47 GF Score
Price 円916.00
GF Value 円587.82
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Hayashikanengyo Co Cyclically Adjusted Book per Share?

Hayashikanengyo Co TSE:2286 +0.11% 47 Cyclically Adjusted Book per Share is 円1,101.27 as of Mar. 2026. GuruFocus rates TSE:2286 with a GF Score™ of 47/100 and a GF Value™ of 円587.82 (Significantly Overvalued). The stock has 5 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.

Hayashikanengyo Co's adjusted book value per share for the three months ended in Mar. 2026 was 円1,661.523. 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1,101.27 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Hayashikanengyo Co's average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.80% 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 Hayashikanengyo Co was 11.30% per year. The lowest was 6.00% per year. And the median was 10.05% per year.

As of today (2026-08-28), Hayashikanengyo Co's current stock price is 円916.00. Hayashikanengyo Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,101.27. Hayashikanengyo Co's Cyclically Adjusted PB Ratio of today is 0.83.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hayashikanengyo Co was 1.54. The lowest was 0.48. And the median was 0.76.


Hayashikanengyo Co  (TSE:2286) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=916.00/1101.27
=0.83

* 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 Hayashikanengyo Co was 1.54. The lowest was 0.48. And the median was 0.76.


Be Aware

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


Hayashikanengyo Co Cyclically Adjusted Book per Share Related Terms


Hayashikanengyo Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Hayashikanengyo 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.

Hayashikanengyo Co Cyclically Adjusted Book per Share Chart

Hayashikanengyo 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 727.85 815.98 912.10 990.95 1,101.27

Hayashikanengyo Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1,017.73 1,043.81 1,078.00 1,101.27 0.00

TSE:2286 vs KHC, GIS: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, Hayashikanengyo 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.


Hayashikanengyo Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hayashikanengyo Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2286
47GF Score
Hayashikane Sangyo Co Ltd TSE:2286
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1661.523/112.7000*112.7000
=1,661.523

Current CPI (Mar. 2026) = 112.7000.

Hayashikanengyo Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 613.442 98.100 704.739
201603 535.718 97.900 616.705
201606 575.601 98.100 661.266
201609 623.367 98.000 716.872
201612 724.727 98.400 830.048
201703 696.724 98.100 800.416
201706 689.802 98.500 789.246
201709 727.432 98.800 829.773
201712 791.185 99.400 897.048
201803 780.314 99.200 886.506
201806 842.151 99.200 956.758
201809 866.340 99.900 977.343
201812 870.181 99.700 983.645
201903 878.113 99.700 992.611
201906 830.845 99.800 938.239
201909 837.755 100.100 943.207
201912 901.728 100.500 1,011.191
202003 874.589 100.300 982.714
202006 893.811 99.900 1,008.333
202009 1,006.105 99.900 1,135.015
202012 1,024.795 99.300 1,163.086
202103 1,058.847 99.900 1,194.515
202106 1,041.898 99.500 1,180.120
202109 1,093.793 100.100 1,231.473
202112 1,119.467 100.100 1,260.379
202203 1,111.031 101.100 1,238.508
202206 1,107.394 101.800 1,225.966
202209 1,098.040 103.100 1,200.282
202212 1,150.099 104.100 1,245.112
202303 1,125.822 104.400 1,215.327
202306 1,163.270 105.200 1,246.203
202309 1,240.088 106.200 1,315.988
202312 1,289.760 106.800 1,361.011
202403 1,285.251 107.200 1,351.192
202409 1,302.481 108.900 1,347.930
202503 1,395.597 111.100 1,415.696
202506 1,404.119 111.700 1,416.689
202509 1,501.837 112.000 1,511.223
202512 1,611.315 113.000 1,607.037
202603 1,661.523 112.700 1,661.523

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1,101.27 mean?
Hayashikanengyo Co (TSE:2286) has a Cyclically Adjusted Book per Share of 円1,101.27 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 Hayashikanengyo Co and its competitors.
Is Hayashikanengyo Co's Cyclically Adjusted Book per Share too high?
Hayashikanengyo Co's current Cyclically Adjusted Book per Share is 円1,101.27. Overall, Hayashikanengyo Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hayashikanengyo Co's Cyclically Adjusted Book per Share compare to KHC and GIS?
Hayashikanengyo Co's Cyclically Adjusted Book per Share of 円1,101.27 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted Book per Share depends on the Consumer Packaged Goods 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 Hayashikanengyo Co and its competitors. Hayashikanengyo Co's current Cyclically Adjusted Book per Share is 円1,101.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hayashikanengyo Co stock overvalued right now?
Based on GuruFocus' analysis, Hayashikanengyo Co (TSE:2286) is currently considered Significantly Overvalued. The stock's GF Value™ is 円587.82, compared to a current price of 円916.00 — trading 55.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is 円1,101.27. Hayashikanengyo Co's overall GF Score™ is 47/100 with 5 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 Hayashikanengyo Co (TSE:2286), the current Cyclically Adjusted Book per Share is 円1,101.27 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 Hayashikanengyo Co (TSE:2286) Overvalued in 2026?

Based on GuruFocus' analysis, Hayashikanengyo Co stock appears to be overvalued. The current stock price of 円916.00 is trading 55.8% above its estimated GF Value™ of 円587.82. GuruFocus considers Hayashikanengyo Co to be Significantly Overvalued.

Key valuation signals for TSE:2286:

  • Cyclically Adjusted Book per Share: 円1,101.27
  • GF Value™: 円587.82 vs. price of 円916.00 (55.8% above fair value)
  • GF Score™: 47/100 with 5 warning signs

No single metric tells the full story. See the TSE:2286 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hayashikanengyo Co Business Description

Address 2-4-8 Yamato-Machi, Shimonoseki, Yamaguchi, JPN, 750-8608
Hayashikane Sangyo Co Ltd is engaged in the manufacturing of fish hams and sausages. Its other business activities of include processing and sale of foodstuffs; manufacture and sales of fertilizer, feed, fat and oil; manufacture and sale of export and domestic food canning and bottling; manufacture and sale of food additives; production, breeding and sales of agriculture, livestock, fishery products and medical treatment of animals.
47GF Score

Get the complete analysis for TSE:2286

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

円916.00
Price
円587.82
GF Value