Matsumoto (TSE:7901) Cyclically Adjusted Book per Share: 円2,305.62 (As of Oct. 2025)


TSE:7901 Matsumoto Inc TSE:7901
49 GF Score
Price 円793.00
GF Value 円1,029.51
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Matsumoto Cyclically Adjusted Book per Share?

Matsumoto TSE:7901 -0.50% 49 Cyclically Adjusted Book per Share is 円2,305.62 as of Oct. 2025. GuruFocus rates TSE:7901 with a GF Score™ of 49/100 and a GF Value™ of 円1,029.51 (Modestly Undervalued). 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.

Matsumoto's adjusted book value per share for the three months ended in Oct. 2025 was 円462.948. 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2,305.62 for the trailing ten years ended in Oct. 2025.

During the past 12 months, Matsumoto'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 Matsumoto was -2.20% per year. The lowest was -4.10% per year. And the median was -2.90% per year.

As of today (2026-07-08), Matsumoto's current stock price is 円793.00. Matsumoto's Cyclically Adjusted Book per Share for the quarter that ended in Oct. 2025 was 円2,305.62. Matsumoto's Cyclically Adjusted PB Ratio of today is 0.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Matsumoto was 2.35. The lowest was 0.21. And the median was 0.34.


Matsumoto  (TSE:7901) 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.

Matsumoto's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=793.00/2305.62
=0.34

* 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 Matsumoto was 2.35. The lowest was 0.21. And the median was 0.34.


Be Aware

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


Matsumoto Cyclically Adjusted Book per Share Related Terms


Matsumoto Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Matsumoto'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.

Matsumoto Cyclically Adjusted Book per Share Chart

Matsumoto Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,758.82 2,654.32 2,512.53 2,431.52 0.00

Matsumoto Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Apr25 Jul25 Oct25 Apr26
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 2,443.34 2,431.52 2,363.62 2,305.62 0.00

Matsumoto Cyclically Adjusted Book per Share Competitor Comparison

For the Paper & Paper Products subindustry, Matsumoto'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.


Matsumoto Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Matsumoto's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:7901
49GF Score
Matsumoto Inc TSE:7901
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Matsumoto 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, Matsumoto's adjusted Book Value per Share data for the three months ended in Oct. 2025 was:

Adj_Book= Book Value per Share /CPI of Oct. 2025 (Change)*Current CPI (Oct. 2025)
=462.948/112.8000*112.8000
=462.948

Current CPI (Oct. 2025) = 112.8000.

Matsumoto Quarterly Data

Book Value per Share CPI Adj_Book
201510 2,760.401 98.500 3,161.150
201601 2,640.243 97.700 3,048.305
201604 3,137.194 98.100 3,607.293
201607 2,973.707 97.900 3,426.294
201610 2,684.218 98.600 3,070.789
201701 2,564.034 98.200 2,945.245
201704 3,133.028 98.500 3,587.874
201707 2,963.107 98.300 3,400.188
201710 2,689.392 98.800 3,070.480
201801 2,545.488 99.500 2,885.739
201804 3,003.920 99.100 3,419.195
201807 2,833.775 99.200 3,222.276
201810 2,522.253 100.200 2,839.423
201901 2,404.244 99.700 2,720.148
201904 2,907.460 100.000 3,279.615
201907 2,743.393 99.800 3,100.749
201910 2,463.073 100.400 2,767.277
202001 2,360.875 100.500 2,649.818
202004 2,816.617 100.200 3,170.802
202007 2,576.070 100.000 2,905.807
202010 2,245.851 99.800 2,538.397
202101 2,165.212 99.800 2,447.254
202104 2,443.373 99.100 2,781.155
202107 2,299.050 99.700 2,601.132
202110 2,091.746 99.900 2,361.851
202201 2,019.666 100.300 2,271.369
202204 1,271.252 101.500 1,412.781
202207 1,222.413 102.300 1,347.881
202210 961.653 103.700 1,046.041
202301 904.823 104.700 974.824
202304 1,337.733 105.100 1,435.740
202307 1,240.195 105.700 1,323.500
202310 1,054.743 107.100 1,110.878
202401 978.701 106.900 1,032.717
202404 1,290.741 107.700 1,351.862
202407 1,154.087 108.600 1,198.720
202410 854.527 109.500 880.280
202504 728.947 111.500 737.446
202507 624.530 111.900 629.553
202510 462.948 112.800 462.948

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2,305.62 mean?
Matsumoto (TSE:7901) has a Cyclically Adjusted Book per Share of 円2,305.62 as of Oct. 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 Matsumoto and its competitors.
Is Matsumoto's Cyclically Adjusted Book per Share too high?
Matsumoto's current Cyclically Adjusted Book per Share is 円2,305.62. Overall, Matsumoto has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Matsumoto's Cyclically Adjusted Book per Share compare to competitors?
Matsumoto's Cyclically Adjusted Book per Share of 円2,305.62 can be compared against companies in the Forest Products 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 Forest Products company?
A good Cyclically Adjusted Book per Share depends on the Forest Products 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 Matsumoto and its competitors. Matsumoto's current Cyclically Adjusted Book per Share is 円2,305.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matsumoto stock overvalued right now?
Based on GuruFocus' analysis, Matsumoto (TSE:7901) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,029.51, compared to a current price of 円793.00 — trading 23% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円2,305.62. Matsumoto's overall GF Score™ is 49/100 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 Matsumoto (TSE:7901), the current Cyclically Adjusted Book per Share is 円2,305.62 as of Oct. 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 Matsumoto (TSE:7901) Overvalued in 2026?

Based on GuruFocus' analysis, Matsumoto stock appears to be undervalued. The current stock price of 円793.00 is trading 23% below its estimated GF Value™ of 円1,029.51. GuruFocus considers Matsumoto to be Modestly Undervalued.

Key valuation signals for TSE:7901:

  • Cyclically Adjusted Book per Share: 円2,305.62
  • GF Value™: 円1,029.51 vs. price of 円793.00 (23% below fair value)
  • GF Score™: 49/100 with 4 warning signs

No single metric tells the full story. See the TSE:7901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matsumoto Business Description

Address 1-2-1 Shanoki Moji Ward, Fukuoka Prefecture, Kitakyushu, JPN, 800-8555
Matsumoto Inc produces and sells graduation albums, as well as commercial printing products, such as posters, catalogs, and pamphlets. The company is also engaged in the digital picture albums and self-publishing business.
49GF Score

Get the complete analysis for TSE:7901

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

円793.00
Price
円1,029.51
GF Value