Milbon Co (TSE:4919) Cyclically Adjusted Book per Share: 円1,311.87 (As of Jun. 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:4919 Milbon Co Ltd TSE:4919
78 GF Score
Price 円3,285.00
GF Value 円2,759.59
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Milbon Co Cyclically Adjusted Book per Share?

Milbon Co TSE:4919 -0.61% 78 Cyclically Adjusted Book per Share is 円1,311.87 as of Jun. 2026. GuruFocus rates TSE:4919 with a GF Score™ of 78/100 and a GF Value™ of 円2,759.59 (Modestly Overvalued). The stock has 7 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.

Milbon Co's adjusted book value per share for the three months ended in Jun. 2026 was 円1,576.688. 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1,311.87 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Milbon Co's average Cyclically Adjusted Book Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.50% 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 Milbon Co was 10.20% per year. The lowest was 7.20% per year. And the median was 8.50% per year.

As of today (2026-08-26), Milbon Co's current stock price is 円3285.00. Milbon Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円1,311.87. Milbon Co's Cyclically Adjusted PB Ratio of today is 2.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Milbon Co was 8.62. The lowest was 1.86. And the median was 5.94.


Milbon Co  (TSE:4919) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3285.00/1311.87
=2.50

* 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 Milbon Co was 8.62. The lowest was 1.86. And the median was 5.94.


Be Aware

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


Milbon Co Cyclically Adjusted Book per Share Related Terms


Milbon Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Milbon 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.

Milbon Co Cyclically Adjusted Book per Share Chart

Milbon Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 887.81 991.10 1,082.56 1,189.70 1,273.82

Milbon Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1,229.78 1,247.14 1,273.82 1,285.85 1,311.87

TSE:4919 vs PG, CL, KVUE: Cyclically Adjusted Book per Share Comparison

For the Household & Personal Products subindustry, Milbon 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.


Milbon Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:4919
78GF Score
Milbon Co Ltd TSE:4919
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1576.688/113.6000*113.6000
=1,576.688

Current CPI (Jun. 2026) = 113.6000.

Milbon Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 818.274 98.000 948.530
201612 846.153 98.400 976.860
201703 851.695 98.100 986.265
201706 890.722 98.500 1,027.269
201709 907.601 98.800 1,043.557
201712 949.982 99.400 1,085.694
201803 958.086 99.200 1,097.163
201806 991.997 99.200 1,135.997
201809 1,003.566 99.900 1,141.192
201812 1,012.578 99.700 1,153.750
201903 1,015.536 99.700 1,157.120
201906 1,040.552 99.800 1,184.436
201909 1,056.523 100.100 1,199.011
201912 1,096.020 100.500 1,238.884
202003 1,015.306 100.300 1,149.938
202006 1,044.218 99.900 1,187.419
202009 1,051.782 99.900 1,196.020
202012 1,117.111 99.300 1,277.984
202103 1,130.257 99.900 1,285.257
202106 1,178.271 99.500 1,345.242
202109 1,177.581 100.100 1,336.396
202112 1,236.418 100.100 1,403.168
202203 1,253.426 101.100 1,408.400
202206 1,326.146 101.800 1,479.864
202209 1,333.664 103.100 1,469.488
202212 1,352.510 104.100 1,475.938
202303 1,338.554 104.400 1,456.511
202306 1,394.327 105.200 1,505.661
202309 1,363.629 106.200 1,458.646
202312 1,411.564 106.800 1,501.439
202403 1,401.823 107.200 1,485.514
202406 1,467.707 108.200 1,540.957
202409 1,433.659 108.900 1,495.534
202412 1,499.204 110.700 1,538.479
202503 1,442.942 111.100 1,475.411
202506 1,456.822 111.700 1,481.602
202509 1,451.872 112.000 1,472.613
202512 1,543.651 113.000 1,551.847
202603 1,530.778 112.700 1,543.002
202606 1,576.688 113.600 1,576.688

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1,311.87 mean?
Milbon Co (TSE:4919) has a Cyclically Adjusted Book per Share of 円1,311.87 as of Jun. 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 Milbon Co and its competitors.
Is Milbon Co's Cyclically Adjusted Book per Share too high?
Milbon Co's current Cyclically Adjusted Book per Share is 円1,311.87. Overall, Milbon Co has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Milbon Co's Cyclically Adjusted Book per Share compare to PG and CL?
Milbon Co's Cyclically Adjusted Book per Share of 円1,311.87 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 Milbon Co and its competitors. Milbon Co's current Cyclically Adjusted Book per Share is 円1,311.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milbon Co stock overvalued right now?
Based on GuruFocus' analysis, Milbon Co (TSE:4919) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,759.59, compared to a current price of 円3,285.00 — trading 19% above its estimated fair value. The current Cyclically Adjusted Book per Share is 円1,311.87. Milbon Co's overall GF Score™ is 78/100 with 7 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 Milbon Co (TSE:4919), the current Cyclically Adjusted Book per Share is 円1,311.87 as of Jun. 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 Milbon Co (TSE:4919) Overvalued in 2026?

Based on GuruFocus' analysis, Milbon Co stock appears to be overvalued. The current stock price of 円3,285.00 is trading 19% above its estimated GF Value™ of 円2,759.59. GuruFocus considers Milbon Co to be Modestly Overvalued.

Key valuation signals for TSE:4919:

  • Cyclically Adjusted Book per Share: 円1,311.87
  • GF Value™: 円2,759.59 vs. price of 円3,285.00 (19% above fair value)
  • GF Score™: 78/100 with 7 warning signs

No single metric tells the full story. See the TSE:4919 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Milbon Co Business Description

Address Research Institute 2-3-35, Zengenji-cho, Miyakojima-ku, Osaka, JPN, 534-0015
Milbon Co Ltd is a Japan-based company that is principally engaged in producing and selling hair care products. Its products consist of hair-coloring products, hair-styling products, shampoos, conditioners, permanent-wave products, scalp lotion, hair treatments, tools for permanent waves, and other. Hair-care products and hair-coloring products jointly contribute the majority of the company's total revenue. The company operates through a global network, including Japan, Mainland China, Korea, Hong Kong, Taiwan, Thailand, Vietnam, Philippines, Malaysia, Indonesia, Turkey, and the United States.
78GF Score

Get the complete analysis for TSE:4919

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

円3,285.00
Price
円2,759.59
GF Value