STUDIO ATAO Co (TSE:3550) Cyclically Adjusted Book per Share: 円181.70 (As of Feb. 2026)

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TSE:3550 STUDIO ATAO Co Ltd TSE:3550
66 GF Score
Price 円218.00
GF Value 円255.15
Valuation Modestly Undervalued
! 2 Warning Signs
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What is STUDIO ATAO Co Cyclically Adjusted Book per Share?

STUDIO ATAO Co TSE:3550 -0.91% 66 Cyclically Adjusted Book per Share is 円181.70 as of Feb. 2026. GuruFocus rates TSE:3550 with a GF Score™ of 66/100 and a GF Value™ of 円255.15 (Modestly Undervalued). The stock has 2 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.

STUDIO ATAO Co's adjusted book value per share for the three months ended in Feb. 2026 was 円186.741. 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181.70 for the trailing ten years ended in Feb. 2026.

During the past 12 months, STUDIO ATAO Co's average Cyclically Adjusted Book Growth Rate was 9.90% 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.

As of today (2026-08-24), STUDIO ATAO Co's current stock price is 円218.00. STUDIO ATAO Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円181.70. STUDIO ATAO Co's Cyclically Adjusted PB Ratio of today is 1.20.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of STUDIO ATAO Co was 1.30. The lowest was 1.11. And the median was 1.21.


STUDIO ATAO Co  (TSE:3550) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=218.00/181.70
=1.20

* 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 11 years, the highest Cyclically Adjusted PB Ratio of STUDIO ATAO Co was 1.30. The lowest was 1.11. And the median was 1.21.


Be Aware

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


STUDIO ATAO Co Cyclically Adjusted Book per Share Related Terms


STUDIO ATAO Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for STUDIO ATAO 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.

STUDIO ATAO Co Cyclically Adjusted Book per Share Chart

STUDIO ATAO 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 0.00 0.00 0.00 165.27 181.70

STUDIO ATAO Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.00 0.00 0.00 181.70 0.00

TSE:3550 vs NKE, DECK, ONON: Cyclically Adjusted Book per Share Comparison

For the Footwear & Accessories subindustry, STUDIO ATAO 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.


STUDIO ATAO Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


TSE:3550
66GF Score
STUDIO ATAO Co Ltd TSE:3550
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

STUDIO ATAO 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, STUDIO ATAO 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)
=186.741/112.2000*112.2000
=186.741

Current CPI (Feb. 2026) = 112.2000.

STUDIO ATAO Co Quarterly Data

Book Value per Share CPI Adj_Book
0.000 0.000
201602 37.832 97.800 43.402
201608 55.139 97.900 63.193
201611 68.274 98.600 77.691
201702 80.224 98.100 91.755
201705 94.509 98.600 107.545
201708 102.177 98.500 116.388
201711 106.557 99.100 120.643
201802 108.927 99.500 122.830
201805 128.309 99.300 144.978
201808 139.852 99.800 157.228
201811 146.872 100.000 164.790
201902 150.799 99.700 169.706
201905 167.420 100.000 187.845
201908 178.755 100.000 200.563
201911 187.402 100.500 209.219
202002 191.561 100.300 214.289
202005 189.033 100.100 211.883
202008 218.140 100.100 244.509
202011 220.380 99.500 248.509
202102 209.691 99.800 235.745
202105 205.203 99.400 231.628
202108 207.772 99.700 233.822
202111 207.716 100.100 232.825
202202 203.731 100.700 226.997
202205 203.117 101.800 223.868
202208 201.141 102.700 219.747
202211 195.986 103.900 211.642
202302 182.112 104.000 196.471
202305 179.410 105.100 191.530
202308 178.602 105.900 189.227
202311 179.158 106.900 188.040
202402 180.503 106.900 189.452
202405 178.148 108.100 184.905
202408 178.909 109.100 183.993
202502 180.702 110.800 182.985
202505 179.424 111.800 180.066
202508 180.694 112.100 180.855
202511 182.198 113.200 180.588
202602 186.741 112.200 186.741

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181.70 mean?
STUDIO ATAO Co (TSE:3550) has a Cyclically Adjusted Book per Share of 円181.70 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 STUDIO ATAO Co and its competitors.
Is STUDIO ATAO Co's Cyclically Adjusted Book per Share too high?
STUDIO ATAO Co's current Cyclically Adjusted Book per Share is 円181.70. Overall, STUDIO ATAO Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does STUDIO ATAO Co's Cyclically Adjusted Book per Share compare to NKE and DECK?
STUDIO ATAO Co's Cyclically Adjusted Book per Share of 円181.70 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 STUDIO ATAO Co and its competitors. STUDIO ATAO Co's current Cyclically Adjusted Book per Share is 円181.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is STUDIO ATAO Co stock overvalued right now?
Based on GuruFocus' analysis, STUDIO ATAO Co (TSE:3550) is currently considered Modestly Undervalued. The stock's GF Value™ is 円255.15, compared to a current price of 円218.00 — trading 14.6% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円181.70. STUDIO ATAO Co's overall GF Score™ is 66/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For STUDIO ATAO Co (TSE:3550), the current Cyclically Adjusted Book per Share is 円181.70 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 STUDIO ATAO Co (TSE:3550) Overvalued in 2026?

Based on GuruFocus' analysis, STUDIO ATAO Co stock appears to be undervalued. The current stock price of 円218.00 is trading 14.6% below its estimated GF Value™ of 円255.15. GuruFocus considers STUDIO ATAO Co to be Modestly Undervalued.

Key valuation signals for TSE:3550:

  • Cyclically Adjusted Book per Share: 円181.70
  • GF Value™: 円255.15 vs. price of 円218.00 (14.6% below fair value)
  • GF Score™: 66/100 with 2 warning signs

No single metric tells the full story. See the TSE:3550 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


STUDIO ATAO Co Business Description

Address 1-6, Gokodori 8-chome, Hyogo Prefecture, Chuo-ku, Tokyo, JPN, 651-0087
STUDIO ATAO Co Ltd design and sells bags and purses. The company also manages direct retail stores and internet stores. The firm engages in the planning and sale of original bags, wallets. It also administers and manages stores; produces and operates Internet shops; and plans and produces paper media, including illustrations, as well as engages in character planning, creation, planning, and production of promotional goods, such as novelties.
66GF Score

Get the complete analysis for TSE:3550

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

円218.00
Price
円255.15
GF Value