GMO Financial Holdings (TSE:7177) Cyclically Adjusted Book per Share: 円364.22 (As of Dec. 2025)


TSE:7177 GMO Financial Holdings Inc TSE:7177
71 GF Score
Price 円1,067.00
GF Value 円699.41
Valuation Significantly Overvalued
! 9 Warning Signs
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What is GMO Financial Holdings Cyclically Adjusted Book per Share?

GMO Financial Holdings TSE:7177 +3.09% 71 Cyclically Adjusted Book per Share is 円364.22 as of Dec. 2025. GuruFocus rates TSE:7177 with a GF Score™ of 71/100 and a GF Value™ of 円699.41 (Significantly Overvalued). The stock has 9 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.

GMO Financial Holdings's adjusted book value per share for the three months ended in Dec. 2025 was 円447.872. 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364.22 for the trailing ten years ended in Dec. 2025.

During the past 12 months, GMO Financial Holdings's average Cyclically Adjusted Book Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.10% 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 GMO Financial Holdings was 14.40% per year. The lowest was 11.40% per year. And the median was 13.50% per year.

As of today (2026-07-13), GMO Financial Holdings's current stock price is 円1067.00. GMO Financial Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円364.22. GMO Financial Holdings's Cyclically Adjusted PB Ratio of today is 2.93.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GMO Financial Holdings was 6.66. The lowest was 1.86. And the median was 3.14.


GMO Financial Holdings  (TSE:7177) 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.

GMO Financial Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1067.00/364.22
=2.93

* 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 GMO Financial Holdings was 6.66. The lowest was 1.86. And the median was 3.14.


Be Aware

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


GMO Financial Holdings Cyclically Adjusted Book per Share Related Terms


GMO Financial Holdings Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for GMO Financial Holdings'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.

GMO Financial Holdings Cyclically Adjusted Book per Share Chart

GMO Financial Holdings Annual Data
Trend Mar16 Mar17 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 226.73 263.45 299.95 334.88 364.22

GMO Financial Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 341.81 349.31 355.75 364.22 0.00

TSE:7177 vs MS, GS, SCHW: Cyclically Adjusted Book per Share Comparison

For the Capital Markets subindustry, GMO Financial Holdings'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.


GMO Financial Holdings Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GMO Financial Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:7177
71GF Score
GMO Financial Holdings Inc TSE:7177
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GMO Financial Holdings 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, GMO Financial Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book= Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=447.872/113.0000*113.0000
=447.872

Current CPI (Dec. 2025) = 113.0000.

GMO Financial Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201603 210.470 97.900 242.933
201606 223.528 98.100 257.479
201609 226.125 98.000 260.736
201612 234.708 98.400 269.533
201703 234.264 98.100 269.845
201706 245.111 98.500 281.193
201709 255.741 98.800 292.497
201712 260.219 99.400 295.822
201803 268.009 99.200 305.293
201806 278.346 99.200 317.068
201809 289.749 99.900 327.744
201812 291.406 99.700 330.280
201903 286.147 99.700 324.319
201906 302.861 99.800 342.919
201909 312.756 100.100 353.061
201912 311.344 100.500 350.068
202003 318.952 100.300 359.338
202006 326.502 99.900 369.317
202009 323.894 99.900 366.367
202012 317.816 99.300 361.664
202103 347.661 99.900 393.250
202106 345.735 99.500 392.644
202109 346.954 100.100 391.666
202112 358.481 100.100 404.679
202203 374.431 101.100 418.503
202206 384.031 101.800 426.282
202209 360.427 103.100 395.036
202212 347.914 104.100 377.659
202303 363.036 104.400 392.941
202306 374.077 105.200 401.813
202309 395.342 106.200 420.656
202312 393.494 106.800 416.337
202403 413.106 107.200 435.457
202406 394.935 108.200 412.455
202409 407.029 108.900 422.353
202412 407.784 110.700 416.256
202503 423.870 111.100 431.119
202506 441.397 111.700 446.534
202509 443.991 112.000 447.955
202512 447.872 113.000 447.872

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364.22 mean?
GMO Financial Holdings (TSE:7177) has a Cyclically Adjusted Book per Share of 円364.22 as of Dec. 2025. 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 GMO Financial Holdings and its competitors.
Is GMO Financial Holdings' Cyclically Adjusted Book per Share too high?
GMO Financial Holdings' current Cyclically Adjusted Book per Share is 円364.22. Overall, GMO Financial Holdings has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GMO Financial Holdings' Cyclically Adjusted Book per Share compare to MS and GS?
GMO Financial Holdings' Cyclically Adjusted Book per Share of 円364.22 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Cyclically Adjusted Book per Share depends on the Capital Markets 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 GMO Financial Holdings and its competitors. GMO Financial Holdings's current Cyclically Adjusted Book per Share is 円364.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GMO Financial Holdings stock overvalued right now?
Based on GuruFocus' analysis, GMO Financial Holdings (TSE:7177) is currently considered Significantly Overvalued. The stock's GF Value™ is 円699.41, compared to a current price of 円1,067.00 — trading 52.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is 円364.22. GMO Financial Holdings' overall GF Score™ is 71/100 with 9 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 GMO Financial Holdings (TSE:7177), the current Cyclically Adjusted Book per Share is 円364.22 as of Dec. 2025. 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 GMO Financial Holdings (TSE:7177) Overvalued in 2026?

Based on GuruFocus' analysis, GMO Financial Holdings stock appears to be overvalued. The current stock price of 円1,067.00 is trading 52.6% above its estimated GF Value™ of 円699.41. GuruFocus considers GMO Financial Holdings to be Significantly Overvalued.

Key valuation signals for TSE:7177:

  • Cyclically Adjusted Book per Share: 円364.22
  • GF Value™: 円699.41 vs. price of 円1,067.00 (52.6% above fair value)
  • GF Score™: 71/100 with 9 warning signs

No single metric tells the full story. See the TSE:7177 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GMO Financial Holdings Business Description

Address 1-2-3, Dogenzaka, Shibuya Fukuras, Shibuya-ku, Tokyo, JPN, 150-0043
GMO Financial Holdings Inc is a Japan-based holding company that is principally engaged in providing financial product trading services in Japan and overseas markets and operates under two segments-securities and FX business and Cryptocurrency business. The company operates through various subsidiaries, such as GMO Click Securities and FX Prime from GMO Corp. in Japan; and GMO-Z.com Forex HK Limited, GMO-Z.com Bullion HK Limited, and GMO-Z.com Trade UK Limited in Hong Kong and the United Kingdom. Through the above subsidiaries, the company is involved in activities including foreign exchange trading, bullion trading, CFD trading, and others.
71GF Score

Get the complete analysis for TSE:7177

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

円1,067.00
Price
円699.41
GF Value