AINPF (Ain Holdings) Cyclically Adjusted PB Ratio: 2.11 (As of Jul. 19, 2026) — 28% Below Median

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AINPF Ain Holdings Inc AINPF
93 GF Score
Price $36.86
GF Value $47.68
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Ain Holdings Cyclically Adjusted PB Ratio?

Ain Holdings AINPF 93 Cyclically Adjusted PB Ratio is 2.11 as of Jul. 19, 2026, which is 28% below its 10-year median of 2.93. GuruFocus rates AINPF with a GF Score™ of 93/100 and a GF Value™ of $47.68 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 357 Healthcare Providers & Services companies, Ain Holdings ranks better than 54.62% on this metric.

As of today (2026-07-19), Ain Holdings's current share price is $36.86. Ain Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2026 was $17.47. Ain Holdings's Cyclically Adjusted PB Ratio for today is 2.11.

The historical rank and industry rank for Ain Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

AINPF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.41   Med: 2.93   Max: 6.51
Current: 1.7

During the past years, Ain Holdings's highest Cyclically Adjusted PB Ratio was 6.51. The lowest was 1.41. And the median was 2.93.

AINPF's Cyclically Adjusted PB Ratio is ranked better than
54.62% of 357 companies
in the Healthcare Providers & Services industry
Industry Median: 1.85 vs AINPF: 1.70

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.

Ain Holdings's adjusted book value per share data for the three months ended in Jan. 2026 was $27.411. 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 $17.47 for the trailing ten years ended in Jan. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ain Holdings  (OTCPK:AINPF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Ain Holdings Cyclically Adjusted PB Ratio Related Terms


Ain Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ain Holdings's Cyclically Adjusted PB Ratio 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.

Ain Holdings Cyclically Adjusted PB Ratio Chart

Ain Holdings Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.58 2.19 2.08 1.72 0.00

Ain Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PB Ratio 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 1.72 1.79 1.92 1.89 0.00

Ain Holdings Cyclically Adjusted PB Ratio Competitor Comparison

For the Pharmaceutical Retailers subindustry, Ain 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.


Ain Holdings Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ain Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


AINPF
93GF Score
Ain Holdings Inc AINPF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ain Holdings Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Ain Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.86/17.47
=2.11

* 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.

Ain Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2026 is calculated as:

For example, Ain Holdings's adjusted Book Value per Share data for the three months ended in Jan. 2026 was:

Adj_Book=Book Value per Share/CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=27.411/112.9000*112.9000
=27.411

Current CPI (Jan. 2026) = 112.9000.

Ain Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201604 15.332 98.100 17.645
201607 16.158 97.900 18.634
201610 16.665 98.600 19.082
201701 15.809 98.200 18.176
201704 17.219 98.500 19.736
201707 17.014 98.300 19.541
201710 22.793 98.800 26.046
201801 24.105 99.500 27.351
201804 25.352 99.100 28.882
201807 24.497 99.200 27.880
201810 24.668 100.200 27.795
201901 26.334 99.700 29.821
201904 26.257 100.000 29.644
201907 27.132 99.800 30.693
201910 27.801 100.400 31.262
202001 28.159 100.500 31.633
202004 29.058 100.200 32.741
202007 29.059 100.000 32.808
202010 29.954 99.800 33.886
202101 30.897 99.800 34.953
202104 29.964 99.100 34.137
202107 29.285 99.700 33.162
202110 29.045 99.900 32.825
202201 29.268 100.300 32.945
202204 26.789 101.500 29.798
202207 24.714 102.300 27.275
202210 23.383 103.700 25.457
202301 26.989 104.700 29.103
202304 26.969 105.100 28.971
202307 25.556 105.700 27.297
202310 24.693 107.100 26.030
202401 25.917 106.900 27.372
202404 25.125 107.700 26.338
202407 24.343 108.600 25.307
202410 25.908 109.500 26.712
202501 25.604 111.200 25.995
202504 28.194 111.500 28.548
202507 27.519 111.900 27.765
202510 27.260 112.800 27.284
202601 27.411 112.900 27.411

Add all the adjusted book value per share together and divide the count will get our 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.

What does a Cyclically Adjusted PB Ratio of 2.11 mean?
Ain Holdings (AINPF) has a Cyclically Adjusted PB Ratio of 2.11 as of Jul. 19, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ain Holdings and its competitors. This is 28% below median its historical median of 2.93. Over the past decade, Ain Holdings' Cyclically Adjusted PB Ratio has ranged from 1.41 to 6.51. According to the industry distribution chart, Ain Holdings ranks #162 out of 357 companies in the Healthcare Providers & Services industry, placing it in the top 45.4%.
Is Ain Holdings' Cyclically Adjusted PB Ratio too high?
Ain Holdings' current Cyclically Adjusted PB Ratio of 2.11 is 28% below median its 10-year median of 2.93. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 6.51. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.85. Ain Holdings' value of 2.11 is 14.1% above this industry median. Based on the distribution chart, Ain Holdings ranks #162 out of 357 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Ain Holdings has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ain Holdings' Cyclically Adjusted PB Ratio compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Ain Holdings ranks #162 out of 357 companies for Cyclically Adjusted PB Ratio. This puts Ain Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Ain Holdings' value of 2.11 is 14.1% above this benchmark. Historically, Ain Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.41 to 6.51 over the past decade. While the company's 10-year median is 2.93 vs. the industry median of 1.85, Ain Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.85, based on 357 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ain Holdings's current Cyclically Adjusted PB Ratio of 2.11 is 14.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ain Holdings and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ain Holdings's current Cyclically Adjusted PB Ratio is 2.11, which is 28% below median its own 10-year median of 2.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ain Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ain Holdings (AINPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $47.68, compared to a current price of $36.86 — trading 22.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.11, which is 28% below median its 10-year median of 2.93 and 14.1% above the Healthcare Providers & Services industry median of 1.85. Ain Holdings' overall GF Score™ is 93/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Ain Holdings (AINPF), the current Cyclically Adjusted PB Ratio is 2.11 as of Jul. 19, 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 Ain Holdings (AINPF) Overvalued in 2026?

Based on GuruFocus' analysis, Ain Holdings stock appears to be undervalued. The current stock price of $36.86 is trading 22.7% below its estimated GF Value™ of $47.68. GuruFocus considers Ain Holdings to be Modestly Undervalued.

Key valuation signals for AINPF:

  • Cyclically Adjusted PB Ratio: 2.11 (28% below median its 10-year median of 2.93)
  • GF Value™: $47.68 vs. price of $36.86 (22.7% below fair value)
  • GF Score™: 93/100 with 2 warning signs
  • Industry Position: 14.1% above the Healthcare Providers & Services median (#162 of 357)

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


Ain Holdings Business Description

Other Exchanges 9627:Japan
Address 1-2-1 Higashi-Naebo-Gojo, Higashi-ku, Sapporo-shi, JPN, 007-8755
Ain Holdings Inc's core business is the dispensing pharmacy business that includes preparing and dispensing drugs based on prescriptions. The company also generates revenue by selling generic drugs wholesale, pharmacy staffing services, and pharmacy consulting services. The company's additional business activity includes both urban and suburban drug and cosmetic stores. Ain operates the ainz & tuple brand that specifically targets female consumers in urban areas. The company also executes small real estate rental strategies.
93GF Score

Get the complete analysis for AINPF

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

$36.86
Price
$47.68
GF Value