ASICS (ASCCF) Cyclically Adjusted PB Ratio: 15.27 (As of Jul. 04, 2026) — 459% Above Median


ASCCF ASICS Corp ASCCF
90 GF Score
Price $28.25
GF Value $26.64
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is ASICS Cyclically Adjusted PB Ratio?

ASICS ASCCF 90 Cyclically Adjusted PB Ratio is 15.27 as of Jul. 04, 2026, which is 459% above its 10-year median of 2.73. GuruFocus rates ASCCF with a GF Score™ of 90/100 and a GF Value™ of $26.64 (Fairly Valued). The stock has 1 warning sign investors should review. Among 882 Manufacturing - Apparel & Accessories companies, ASICS ranks worse than 97.85% on this metric.

As of today (2026-07-04), ASICS's current share price is $28.25. ASICS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $1.85. ASICS's Cyclically Adjusted PB Ratio for today is 15.27.

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

ASCCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 2.73   Max: 17.08
Current: 15.64

During the past years, ASICS's highest Cyclically Adjusted PB Ratio was 17.08. The lowest was 0.84. And the median was 2.73.

ASCCF's Cyclically Adjusted PB Ratio is ranked worse than
97.85% of 882 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.995 vs ASCCF: 15.64

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.

ASICS's adjusted book value per share data for the three months ended in Mar. 2026 was $2.812. 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 $1.85 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASICS  (OTCPK:ASCCF) 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.


ASICS Cyclically Adjusted PB Ratio Related Terms


ASICS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ASICS'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.

ASICS Cyclically Adjusted PB Ratio Chart

ASICS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.84 3.01 4.32 11.48 13.33

ASICS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 11.55 13.41 13.98 13.33 14.59

ASCCF vs NKE, DECK, ONON: Cyclically Adjusted PB Ratio Comparison

For the Footwear & Accessories subindustry, ASICS'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.


ASICS Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, ASICS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ASCCF
90GF Score
ASICS Corp ASCCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASICS 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.

ASICS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.25/1.85
=15.27

* 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.

ASICS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, ASICS'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)
=2.812/112.7000*112.7000
=2.812

Current CPI (Mar. 2026) = 112.7000.

ASICS Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.178 98.100 2.502
201609 2.303 98.000 2.648
201612 2.272 98.400 2.602
201703 2.297 98.100 2.639
201706 2.337 98.500 2.674
201709 2.409 98.800 2.748
201712 2.331 99.400 2.643
201803 2.335 99.200 2.653
201806 2.313 99.200 2.628
201809 2.377 99.900 2.682
201812 1.951 99.700 2.205
201903 2.104 99.700 2.378
201906 2.120 99.800 2.394
201909 1.979 100.100 2.228
201912 1.909 100.500 2.141
202003 1.844 100.300 2.072
202006 1.777 99.900 2.005
202009 1.818 99.900 2.051
202012 1.666 99.300 1.891
202103 1.802 99.900 2.033
202106 1.810 99.500 2.050
202109 1.883 100.100 2.120
202112 1.756 100.100 1.977
202203 1.867 101.100 2.081
202206 1.895 101.800 2.098
202209 1.878 103.100 2.053
202212 1.729 104.100 1.872
202303 1.873 104.400 2.022
202306 2.019 105.200 2.163
202309 2.067 106.200 2.194
202312 1.943 106.800 2.050
202403 2.058 107.200 2.164
202406 2.191 108.200 2.282
202409 2.116 108.900 2.190
202412 2.119 110.700 2.157
202503 2.234 111.100 2.266
202506 2.334 111.700 2.355
202509 2.576 112.000 2.592
202512 2.460 113.000 2.453
202603 2.812 112.700 2.812

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 15.27 mean?
ASICS (ASCCF) has a Cyclically Adjusted PB Ratio of 15.27 as of Jul. 04, 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 ASICS and its competitors. This is 459% above median its historical median of 2.73. Over the past decade, ASICS's Cyclically Adjusted PB Ratio has ranged from 0.84 to 17.08. According to the industry distribution chart, ASICS ranks #863 out of 882 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 97.8%.
Is ASICS's Cyclically Adjusted PB Ratio too high?
ASICS's current Cyclically Adjusted PB Ratio of 15.27 is 459% above median its 10-year median of 2.73. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 17.08. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 1.00. ASICS's value of 15.27 is 1434.7% above this industry median. Based on the distribution chart, ASICS ranks #863 out of 882 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, ASICS has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ASICS's Cyclically Adjusted PB Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, ASICS ranks #863 out of 882 companies for Cyclically Adjusted PB Ratio. This places ASICS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. ASICS's value of 15.27 is 1434.7% above this benchmark. Historically, ASICS's own Cyclically Adjusted PB Ratio has ranged from 0.84 to 17.08 over the past decade. While the company's 10-year median is 2.73 vs. the industry median of 1.00, ASICS 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 1.00, based on 882 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. ASICS's current Cyclically Adjusted PB Ratio of 15.27 is 1434.7% 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 ASICS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASICS's current Cyclically Adjusted PB Ratio is 15.27, which is 459% above median its own 10-year median of 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASICS stock overvalued right now?
Based on GuruFocus' analysis, ASICS (ASCCF) is currently considered Fairly Valued. The stock's GF Value™ is $26.64, compared to a current price of $28.25 — trading 6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 15.27, which is 459% above median its 10-year median of 2.73 and 1434.7% above the Manufacturing - Apparel & Accessories industry median of 1.00. ASICS's overall GF Score™ is 90/100 with 1 warning sign 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 ASICS (ASCCF), the current Cyclically Adjusted PB Ratio is 15.27 as of Jul. 04, 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 ASICS (ASCCF) Overvalued in 2026?

Based on GuruFocus' analysis, ASICS stock appears to be overvalued. The current stock price of $28.25 is trading 6% above its estimated GF Value™ of $26.64. GuruFocus considers ASICS to be Fairly Valued.

Key valuation signals for ASCCF:

  • Cyclically Adjusted PB Ratio: 15.27 (459% above median its 10-year median of 2.73)
  • GF Value™: $26.64 vs. price of $28.25 (6% above fair value)
  • GF Score™: 90/100 with 1 warning sign
  • Industry Position: 1434.7% above the Manufacturing - Apparel & Accessories median (#863 of 882)

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


ASICS Business Description

Address 1-2-4 Sannomiyacho, Yamato Kobe Building, Chuo-ku, Hyogo Prefecture, Kobe, JPN, 650-0021
Founded in 1949 in Kobe, Japan, Asics is a leading sports footwear brand specializing in performance running shoes. Asics is well-known for its stability running shoe Gel-Kayano, which has been popular among runners for over 30 years thanks to its cushioning technology. It also owns Onitsuka Tiger, which is currently positioned as a premium sportswear lifestyle brand. In 2025, Asics had annual sales of over JPY 810 billion and command over 10% of the global performance running market share.
90GF Score

Get the complete analysis for ASCCF

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

$28.25
Price
$26.64
GF Value