Bank of The RyukyusLtd (TSE:8399) Cyclically Adjusted Book per Share: 円3,459.01 (As of Mar. 2026)

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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.
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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:8399 Bank of The RyukyusLtd TSE:8399
49 GF Score
Price 円2,739.00
GF Value 円1,444.89
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Bank of The RyukyusLtd Cyclically Adjusted Book per Share?

Bank of The RyukyusLtd TSE:8399 -0.58% 49 Cyclically Adjusted Book per Share is 円3,459.01 as of Mar. 2026. GuruFocus rates TSE:8399 with a GF Score™ of 49/100 and a GF Value™ of 円1,444.89 (Significantly Overvalued). The stock has 5 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.

Bank of The RyukyusLtd's adjusted book value per share for the three months ended in Mar. 2026 was 円3,548.847. 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3,459.01 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Bank of The RyukyusLtd's average Cyclically Adjusted Book Growth Rate was 2.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.00% 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 Bank of The RyukyusLtd was 5.60% per year. The lowest was 3.40% per year. And the median was 4.40% per year.

As of today (2026-07-14), Bank of The RyukyusLtd's current stock price is 円2739.00. Bank of The RyukyusLtd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円3,459.01. Bank of The RyukyusLtd's Cyclically Adjusted PB Ratio of today is 0.79.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank of The RyukyusLtd was 0.80. The lowest was 0.26. And the median was 0.36.


Bank of The RyukyusLtd  (TSE:8399) 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.

Bank of The RyukyusLtd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2739.00/3459.01
=0.79

* 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 Bank of The RyukyusLtd was 0.80. The lowest was 0.26. And the median was 0.36.


Be Aware

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


Bank of The RyukyusLtd Cyclically Adjusted Book per Share Related Terms


Bank of The RyukyusLtd Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Bank of The RyukyusLtd'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.

Bank of The RyukyusLtd Cyclically Adjusted Book per Share Chart

Bank of The RyukyusLtd 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 2,862.98 3,030.58 3,190.13 3,369.32 3,459.01

Bank of The RyukyusLtd 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 3,369.32 3,398.65 3,419.83 3,459.49 3,459.01

Bank of The RyukyusLtd Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, Bank of The RyukyusLtd'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.


Bank of The RyukyusLtd Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank of The RyukyusLtd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:8399
49GF Score
Bank of The RyukyusLtd TSE:8399
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank of The RyukyusLtd 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, Bank of The RyukyusLtd'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)
=3548.847/112.7000*112.7000
=3,548.847

Current CPI (Mar. 2026) = 112.7000.

Bank of The RyukyusLtd Quarterly Data

Book Value per Share CPI Adj_Book
201606 2,834.336 98.100 3,256.164
201609 2,864.616 98.000 3,294.308
201612 2,855.062 98.400 3,269.974
201703 2,848.500 98.100 3,272.436
201706 2,896.743 98.500 3,314.345
201709 2,971.782 98.800 3,389.877
201712 3,013.599 99.400 3,416.827
201803 3,084.262 99.200 3,503.995
201806 3,080.234 99.200 3,499.419
201809 2,937.586 99.900 3,313.973
201812 2,899.554 99.700 3,277.630
201903 2,989.267 99.700 3,379.041
201906 3,016.800 99.800 3,406.747
201909 3,042.793 100.100 3,425.802
201912 3,014.419 100.500 3,380.348
202003 3,027.371 100.300 3,401.642
202006 3,028.839 99.900 3,416.918
202009 3,047.620 99.900 3,438.106
202012 3,065.091 99.300 3,478.709
202103 3,066.535 99.900 3,459.444
202106 3,093.684 99.500 3,504.102
202109 3,164.808 100.100 3,563.175
202112 3,190.976 100.100 3,592.637
202203 3,183.059 101.100 3,548.276
202206 3,171.814 101.800 3,511.429
202209 3,179.334 103.100 3,475.373
202212 3,172.474 104.100 3,434.561
202303 3,325.230 104.400 3,589.592
202306 3,332.613 105.200 3,570.204
202309 3,317.598 106.200 3,520.652
202312 3,402.203 106.800 3,590.152
202403 3,421.451 107.200 3,596.992
202406 3,392.421 108.200 3,533.511
202409 3,465.662 108.900 3,586.594
202412 3,424.191 110.700 3,486.055
202503 3,381.327 111.100 3,430.023
202506 3,508.396 111.700 3,539.805
202509 3,567.206 112.000 3,589.501
202512 3,562.831 113.000 3,553.372
202603 3,548.847 112.700 3,548.847

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3,459.01 mean?
Bank of The RyukyusLtd (TSE:8399) has a Cyclically Adjusted Book per Share of 円3,459.01 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 Bank of The RyukyusLtd and its competitors.
Is Bank of The RyukyusLtd's Cyclically Adjusted Book per Share too high?
Bank of The RyukyusLtd's current Cyclically Adjusted Book per Share is 円3,459.01. Overall, Bank of The RyukyusLtd has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank of The RyukyusLtd's Cyclically Adjusted Book per Share compare to competitors?
Bank of The RyukyusLtd's Cyclically Adjusted Book per Share of 円3,459.01 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks 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 Bank of The RyukyusLtd and its competitors. Bank of The RyukyusLtd's current Cyclically Adjusted Book per Share is 円3,459.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of The RyukyusLtd stock overvalued right now?
Based on GuruFocus' analysis, Bank of The RyukyusLtd (TSE:8399) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,444.89, compared to a current price of 円2,739.00 — trading 89.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is 円3,459.01. Bank of The RyukyusLtd's overall GF Score™ is 49/100 with 5 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 Bank of The RyukyusLtd (TSE:8399), the current Cyclically Adjusted Book per Share is 円3,459.01 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 Bank of The RyukyusLtd (TSE:8399) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of The RyukyusLtd stock appears to be overvalued. The current stock price of 円2,739.00 is trading 89.6% above its estimated GF Value™ of 円1,444.89. GuruFocus considers Bank of The RyukyusLtd to be Significantly Overvalued.

Key valuation signals for TSE:8399:

  • Cyclically Adjusted Book per Share: 円3,459.01
  • GF Value™: 円1,444.89 vs. price of 円2,739.00 (89.6% above fair value)
  • GF Score™: 49/100 with 5 warning signs

No single metric tells the full story. See the TSE:8399 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank of The RyukyusLtd Business Description

Address 2-1 Higashimachi, Okinawa, Naha Port Building, Naha, JPN, 900-0034
Bank of The RyukyusLtd is a banking and financial services group operating primarily in the Okinawa Prefecture. It was founded during the post-World War II era by ordinance of the U.S. military government for purposes of restoring financial order and stabilizing the currency given the region's importance. At present, it continues its regional strategic-orientation and provides a host of financial services to consumers and small to medium-size businesses in tourism-dependent Okinawa. These include general leasing, housing loans, debt guaranty, insurance, cash inspection and dispensing, credit cards and financing, clerical services, and surveys and research.
49GF Score

Get the complete analysis for TSE:8399

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

円2,739.00
Price
円1,444.89
GF Value