Watami Co (TSE:7522) Cyclically Adjusted Book per Share: 円487.54 (As of Mar. 2026)


TSE:7522 Watami Co Ltd TSE:7522
76 GF Score
Price 円932.00
GF Value 円1,080.67
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Watami Co Cyclically Adjusted Book per Share?

Watami Co TSE:7522 -0.43% 76 Cyclically Adjusted Book per Share is 円487.54 as of Mar. 2026. GuruFocus rates TSE:7522 with a GF Score™ of 76/100 and a GF Value™ of 円1,080.67 (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.

Watami Co's adjusted book value per share for the three months ended in Mar. 2026 was 円751.945. 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487.54 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Watami Co's average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.80% 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 Watami Co was 3.10% per year. The lowest was -7.10% per year. And the median was -5.25% per year.

As of today (2026-07-10), Watami Co's current stock price is 円932.00. Watami Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円487.54. Watami Co's Cyclically Adjusted PB Ratio of today is 1.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Watami Co was 2.94. The lowest was 1.38. And the median was 2.13.


Watami Co  (TSE:7522) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=932.00/487.54
=1.91

* 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 Watami Co was 2.94. The lowest was 1.38. And the median was 2.13.


Be Aware

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


Watami Co Cyclically Adjusted Book per Share Related Terms


Watami Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Watami 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.

Watami Co Cyclically Adjusted Book per Share Chart

Watami 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 469.09 445.32 425.10 453.85 487.54

Watami Co 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 453.85 465.59 476.94 484.06 487.54

TSE:7522 vs MCD, SBUX, YUM: Cyclically Adjusted Book per Share Comparison

For the Restaurants subindustry, Watami 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.


Watami Co Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Watami Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:7522
76GF Score
Watami Co Ltd TSE:7522
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Watami 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, Watami 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)
=751.945/112.7000*112.7000
=751.945

Current CPI (Mar. 2026) = 112.7000.

Watami Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 456.964 98.100 524.973
201609 420.514 98.000 483.591
201612 435.222 98.400 498.471
201703 430.874 98.100 495.000
201706 410.052 98.500 469.166
201709 407.802 98.800 465.175
201712 423.481 99.400 480.144
201803 418.120 99.200 475.021
201806 392.490 99.200 445.903
201809 392.490 99.900 442.779
201812 433.340 99.700 489.844
201903 442.549 99.700 500.253
201906 438.789 99.800 495.506
201909 425.487 100.100 479.045
201912 431.371 100.500 483.736
202003 364.133 100.300 409.150
202006 246.604 99.900 278.201
202009 180.941 99.900 204.125
202012 139.984 99.300 158.874
202103 79.920 99.900 90.160
202106 348.764 99.500 395.032
202109 318.446 100.100 358.530
202112 367.528 100.100 413.790
202203 356.652 101.100 397.573
202206 390.558 101.800 432.376
202209 493.285 103.100 539.216
202212 487.199 104.100 527.448
202303 442.041 104.400 477.184
202306 468.976 105.200 502.411
202309 535.101 106.200 567.852
202312 569.368 106.800 600.822
202403 546.183 107.200 574.205
202406 596.985 108.200 621.813
202409 623.715 108.900 645.479
202412 632.915 110.700 644.350
202503 668.747 111.100 678.378
202506 628.164 111.700 633.788
202509 644.857 112.000 648.887
202512 723.469 113.000 721.548
202603 751.945 112.700 751.945

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487.54 mean?
Watami Co (TSE:7522) has a Cyclically Adjusted Book per Share of 円487.54 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 Watami Co and its competitors.
Is Watami Co's Cyclically Adjusted Book per Share too high?
Watami Co's current Cyclically Adjusted Book per Share is 円487.54. Overall, Watami Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Watami Co's Cyclically Adjusted Book per Share compare to MCD and SBUX?
Watami Co's Cyclically Adjusted Book per Share of 円487.54 can be compared against companies in the Restaurants 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 Restaurants company?
A good Cyclically Adjusted Book per Share depends on the Restaurants 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 Watami Co and its competitors. Watami Co's current Cyclically Adjusted Book per Share is 円487.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Watami Co stock overvalued right now?
Based on GuruFocus' analysis, Watami Co (TSE:7522) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,080.67, compared to a current price of 円932.00 — trading 13.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円487.54. Watami Co's overall GF Score™ is 76/100 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 Watami Co (TSE:7522), the current Cyclically Adjusted Book per Share is 円487.54 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 Watami Co (TSE:7522) Overvalued in 2026?

Based on GuruFocus' analysis, Watami Co stock appears to be undervalued. The current stock price of 円932.00 is trading 13.8% below its estimated GF Value™ of 円1,080.67. GuruFocus considers Watami Co to be Modestly Undervalued.

Key valuation signals for TSE:7522:

  • Cyclically Adjusted Book per Share: 円487.54
  • GF Value™: 円1,080.67 vs. price of 円932.00 (13.8% below fair value)
  • GF Score™: 76/100 with 2 warning signs

No single metric tells the full story. See the TSE:7522 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Watami Co Business Description

Address 1-1-3 Haneda, Ota-ku, Tokyo, JPN, 144-0043
Watami Co Ltd is engaged in the management and operation of restaurants. It is also involved in the production and sale of agricultural products; and home visit nursing, in-home nursing care support, and institutional care businesses. The company conducts organic farming, animal husbandry and dairy farming from Hokkaido to Kyushu.
76GF Score

Get the complete analysis for TSE:7522

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

円932.00
Price
円1,080.67
GF Value