Ichimasa Kamaboko Co (TSE:2904) Cyclically Adjusted Book per Share: 円738.95 (As of Mar. 2026)

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TSE:2904 Ichimasa Kamaboko Co Ltd TSE:2904
63 GF Score
Price 円752.00
GF Value 円781.87
Valuation Fairly Valued
! 4 Warning Signs
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What is Ichimasa Kamaboko Co Cyclically Adjusted Book per Share?

Ichimasa Kamaboko Co TSE:2904 +0.13% 63 Cyclically Adjusted Book per Share is 円738.95 as of Mar. 2026. GuruFocus rates TSE:2904 with a GF Score™ of 63/100 and a GF Value™ of 円781.87 (Fairly Valued). The stock has 4 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.

Ichimasa Kamaboko Co's adjusted book value per share for the three months ended in Mar. 2026 was 円833.982. 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738.95 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ichimasa Kamaboko Co's average Cyclically Adjusted Book Growth Rate was -100.00% 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 Ichimasa Kamaboko Co was 8.40% per year. The lowest was 6.20% per year. And the median was 7.40% per year.

As of today (2026-08-27), Ichimasa Kamaboko Co's current stock price is 円752.00. Ichimasa Kamaboko Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円738.95. Ichimasa Kamaboko Co's Cyclically Adjusted PB Ratio of today is 1.02.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ichimasa Kamaboko Co was 3.41. The lowest was 1.01. And the median was 1.41.


Ichimasa Kamaboko Co  (TSE:2904) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=752.00/738.95
=1.02

* 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 Ichimasa Kamaboko Co was 3.41. The lowest was 1.01. And the median was 1.41.


Be Aware

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


Ichimasa Kamaboko Co Cyclically Adjusted Book per Share Related Terms


Ichimasa Kamaboko Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Ichimasa Kamaboko 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.

Ichimasa Kamaboko Co Cyclically Adjusted Book per Share Chart

Ichimasa Kamaboko Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 579.82 630.73 675.46 715.37 0.00

Ichimasa Kamaboko Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 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 715.37 722.41 735.26 738.95 0.00

TSE:2904 vs KHC, GIS: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, Ichimasa Kamaboko 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.


Ichimasa Kamaboko Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2904
63GF Score
Ichimasa Kamaboko Co Ltd TSE:2904
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichimasa Kamaboko 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, Ichimasa Kamaboko 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)
=833.982/112.7000*112.7000
=833.982

Current CPI (Mar. 2026) = 112.7000.

Ichimasa Kamaboko Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 520.281 97.900 598.934
201606 516.185 98.100 593.008
201609 492.508 98.000 566.384
201612 549.749 98.400 629.641
201703 563.469 98.100 647.329
201706 556.014 98.500 636.170
201709 542.083 98.800 618.348
201712 582.652 99.400 660.612
201803 587.173 99.200 667.081
201806 590.496 99.200 670.856
201809 562.693 99.900 634.790
201812 592.567 99.700 669.833
201903 614.064 99.700 694.133
201906 599.306 99.800 676.771
201909 579.838 100.100 652.825
201912 628.769 100.500 705.097
202003 653.876 100.300 734.714
202006 606.359 99.900 684.051
202009 612.441 99.900 690.912
202012 671.048 99.300 761.602
202103 695.941 99.900 785.111
202106 737.083 99.500 834.867
202109 731.726 100.100 823.831
202112 751.924 100.100 846.572
202203 750.261 101.100 836.344
202206 754.325 101.800 835.093
202209 734.824 103.100 803.246
202212 753.425 104.100 815.668
202303 745.014 104.400 804.244
202306 738.908 105.200 791.587
202309 729.358 106.200 773.999
202312 768.540 106.800 810.997
202403 791.705 107.200 832.324
202406 789.227 108.200 822.051
202412 821.598 110.700 836.442
202503 817.380 111.100 829.151
202506 809.925 111.700 817.176
202509 798.320 112.000 803.310
202512 831.264 113.000 829.057
202603 833.982 112.700 833.982

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738.95 mean?
Ichimasa Kamaboko Co (TSE:2904) has a Cyclically Adjusted Book per Share of 円738.95 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 Ichimasa Kamaboko Co and its competitors.
Is Ichimasa Kamaboko Co's Cyclically Adjusted Book per Share too high?
Ichimasa Kamaboko Co's current Cyclically Adjusted Book per Share is 円738.95. Overall, Ichimasa Kamaboko Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ichimasa Kamaboko Co's Cyclically Adjusted Book per Share compare to KHC and GIS?
Ichimasa Kamaboko Co's Cyclically Adjusted Book per Share of 円738.95 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 Ichimasa Kamaboko Co and its competitors. Ichimasa Kamaboko Co's current Cyclically Adjusted Book per Share is 円738.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichimasa Kamaboko Co stock overvalued right now?
Based on GuruFocus' analysis, Ichimasa Kamaboko Co (TSE:2904) is currently considered Fairly Valued. The stock's GF Value™ is 円781.87, compared to a current price of 円752.00 — trading 3.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円738.95. Ichimasa Kamaboko Co's overall GF Score™ is 63/100 with 4 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 Ichimasa Kamaboko Co (TSE:2904), the current Cyclically Adjusted Book per Share is 円738.95 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 Ichimasa Kamaboko Co (TSE:2904) Overvalued in 2026?

Based on GuruFocus' analysis, Ichimasa Kamaboko Co stock appears to be undervalued. The current stock price of 円752.00 is trading 3.8% below its estimated GF Value™ of 円781.87. GuruFocus considers Ichimasa Kamaboko Co to be Fairly Valued.

Key valuation signals for TSE:2904:

  • Cyclically Adjusted Book per Share: 円738.95
  • GF Value™: 円781.87 vs. price of 円752.00 (3.8% below fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the TSE:2904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichimasa Kamaboko Co Business Description

Address 7-77 Tsushimaya, Niigata, JPN, 950-8735
Ichimasa Kamaboko Co Ltd is a Japan-based food manufacturing company. It produces and sells fish paste and fish related products. It offers processed egg products. It is also developing technology for frozen fish paste.
63GF Score

Get the complete analysis for TSE:2904

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

円752.00
Price
円781.87
GF Value