CCOJF (Coca-Cola Bottlers Japan Holdings) Cyclically Adjusted PB Ratio: 1.21 (As of Jul. 28, 2026) — 55% Above Median

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CCOJF Coca-Cola Bottlers Japan Holdings Inc CCOJF
54 GF Score
Price $12.88
GF Value $7.62
! 4 Warning Signs
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What is Coca-Cola Bottlers Japan Holdings Cyclically Adjusted PB Ratio?

Coca-Cola Bottlers Japan Holdings CCOJF 54 Cyclically Adjusted PB Ratio is 1.21 as of Jul. 28, 2026, which is 55% above its 10-year median of 0.78. GuruFocus rates CCOJF with a GF Score™ of 54/100 and a GF Value™ of $7.62. The stock has 4 warning signs investors should review. Among 85 Beverages - Non-Alcoholic companies, Coca-Cola Bottlers Japan Holdings ranks better than 69.41% on this metric.

As of today (2026-07-28), Coca-Cola Bottlers Japan Holdings's current share price is $12.88. Coca-Cola Bottlers Japan Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $10.63. Coca-Cola Bottlers Japan Holdings's Cyclically Adjusted PB Ratio for today is 1.21.

The historical rank and industry rank for Coca-Cola Bottlers Japan Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

CCOJF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.78   Max: 1.91
Current: 1.43

During the past years, Coca-Cola Bottlers Japan Holdings's highest Cyclically Adjusted PB Ratio was 1.91. The lowest was 0.46. And the median was 0.78.

CCOJF's Cyclically Adjusted PB Ratio is ranked better than
69.41% of 85 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.12 vs CCOJF: 1.43

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.

Coca-Cola Bottlers Japan Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was $14.181. 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 $10.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coca-Cola Bottlers Japan Holdings  (OTCPK:CCOJF) 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.


Coca-Cola Bottlers Japan Holdings Cyclically Adjusted PB Ratio Related Terms


Coca-Cola Bottlers Japan Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Coca-Cola Bottlers Japan 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.

Coca-Cola Bottlers Japan Holdings Cyclically Adjusted PB Ratio Chart

Coca-Cola Bottlers Japan Holdings 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 0.49 0.51 0.71 0.84 1.06

Coca-Cola Bottlers Japan Holdings 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 0.82 0.78 0.89 1.06 1.21

CCOJF vs KO, PEP, MNST: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Bottlers Japan 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.


Coca-Cola Bottlers Japan Holdings Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Bottlers Japan Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Coca-Cola Bottlers Japan Holdings's Cyclically Adjusted PB Ratio falls into.


CCOJF
54GF Score
Coca-Cola Bottlers Japan Holdings Inc CCOJF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Coca-Cola Bottlers Japan 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.

Coca-Cola Bottlers Japan Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.88/10.63
=1.21

* 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.

Coca-Cola Bottlers Japan Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Coca-Cola Bottlers Japan Holdings'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)
=14.181/112.7000*112.7000
=14.181

Current CPI (Mar. 2026) = 112.7000.

Coca-Cola Bottlers Japan Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 22.566 98.100 25.924
201609 23.754 98.000 27.317
201612 20.597 98.400 23.590
201703 21.035 98.100 24.166
201706 26.978 98.500 30.867
201709 27.480 98.800 31.346
201712 28.377 99.400 32.174
201803 28.720 99.200 32.628
201806 27.893 99.200 31.689
201809 27.457 99.900 30.975
201812 28.196 99.700 31.873
201903 27.938 99.700 31.581
201906 25.749 99.800 29.077
201909 26.078 100.100 29.361
201912 25.859 100.500 28.998
202003 25.424 100.300 28.567
202006 25.433 99.900 28.692
202009 26.025 99.900 29.360
202012 26.948 99.300 30.584
202103 25.762 99.900 29.063
202106 25.313 99.500 28.671
202109 25.029 100.100 28.180
202112 24.115 100.100 27.150
202203 22.683 101.100 25.286
202206 19.937 101.800 22.072
202209 18.623 103.100 20.357
202212 19.682 104.100 21.308
202303 19.408 104.400 20.951
202306 18.497 105.200 19.816
202309 17.820 106.200 18.911
202312 18.186 106.800 19.191
202403 17.250 107.200 18.135
202406 16.478 108.200 17.163
202409 18.425 108.900 19.068
202412 17.057 110.700 17.365
202503 17.178 111.100 17.425
202506 15.353 111.700 15.490
202509 15.513 112.000 15.610
202512 14.703 113.000 14.664
202603 14.181 112.700 14.181

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 1.21 mean?
Coca-Cola Bottlers Japan Holdings (CCOJF) has a Cyclically Adjusted PB Ratio of 1.21 as of Jul. 28, 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 Coca-Cola Bottlers Japan Holdings and its competitors. This is 55% above median its historical median of 0.78. Over the past decade, Coca-Cola Bottlers Japan Holdings' Cyclically Adjusted PB Ratio has ranged from 0.46 to 1.91. According to the industry distribution chart, Coca-Cola Bottlers Japan Holdings ranks #26 out of 85 companies in the Beverages - Non-Alcoholic industry, placing it in the top 30.6%.
Is Coca-Cola Bottlers Japan Holdings' Cyclically Adjusted PB Ratio too high?
Coca-Cola Bottlers Japan Holdings' current Cyclically Adjusted PB Ratio of 1.21 is 55% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.91. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PB Ratio is 2.12. Coca-Cola Bottlers Japan Holdings' value of 1.21 is 42.9% below this industry median. Based on the distribution chart, Coca-Cola Bottlers Japan Holdings ranks #26 out of 85 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Coca-Cola Bottlers Japan Holdings has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola Bottlers Japan Holdings' Cyclically Adjusted PB Ratio compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola Bottlers Japan Holdings ranks #26 out of 85 companies for Cyclically Adjusted PB Ratio. This puts Coca-Cola Bottlers Japan Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Coca-Cola Bottlers Japan Holdings' value of 1.21 is 42.9% below this benchmark. Historically, Coca-Cola Bottlers Japan Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.46 to 1.91 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 2.12, Coca-Cola Bottlers Japan Holdings has consistently been below 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 Beverages - Non-Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Non-Alcoholic companies is 2.12, based on 85 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. Coca-Cola Bottlers Japan Holdings's current Cyclically Adjusted PB Ratio of 1.21 is 42.9% below 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 Coca-Cola Bottlers Japan Holdings and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola Bottlers Japan Holdings's current Cyclically Adjusted PB Ratio is 1.21, which is 55% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola Bottlers Japan Holdings stock overvalued right now?
Coca-Cola Bottlers Japan Holdings (CCOJF) has a current Cyclically Adjusted PB Ratio of 1.21. The stock's GF Value™ is $7.62, compared to a current price of $12.88 — trading 69% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.21, which is 55% above median its 10-year median of 0.78 and 42.9% below the Beverages - Non-Alcoholic industry median of 2.12. Coca-Cola Bottlers Japan Holdings' overall GF Score™ is 54/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Coca-Cola Bottlers Japan Holdings (CCOJF), the current Cyclically Adjusted PB Ratio is 1.21 as of Jul. 28, 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 Coca-Cola Bottlers Japan Holdings (CCOJF) Overvalued in 2026?

Based on GuruFocus' analysis, Coca-Cola Bottlers Japan Holdings stock appears to be overvalued. The current stock price of $12.88 is trading 69% above its estimated GF Value™ of $7.62.

Key valuation signals for CCOJF:

  • Cyclically Adjusted PB Ratio: 1.21 (55% above median its 10-year median of 0.78)
  • GF Value™: $7.62 vs. price of $12.88 (69% above fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 42.9% below the Beverages - Non-Alcoholic median (#26 of 85)

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


Coca-Cola Bottlers Japan Holdings Business Description

Address 9-7-1 Akasaka, Midtown Tower, Minato-ku, Tokyo, JPN, 107-6211
Coca-Cola Bottlers Japan Holdings Inc is a Japanese soft drinks manufacturer that operates through licensing agreements with The Coca-Cola Company, based in the United States. The company operates through a single segment, the Beverage business, which is engaged in manufacturing and selling carbonated beverages such as Coca-Cola, coffee drinks, tea-based beverages, mineral water, alcohol, etc., in Japan.
54GF Score

Get the complete analysis for CCOJF

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

$12.88
Price
$7.62
GF Value