CCOJY (Coca-Cola Bottlers Japan Holdings) Cyclically Adjusted PB Ratio: 1.59 (As of Aug. 12, 2026) — 104% Above Median

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CCOJY Coca-Cola Bottlers Japan Holdings Inc CCOJY
55 GF Score
Price $11.66
GF Value $7.50
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Coca-Cola Bottlers Japan Holdings Cyclically Adjusted PB Ratio?

Coca-Cola Bottlers Japan Holdings CCOJY 55 Cyclically Adjusted PB Ratio is 1.59 as of Aug. 12, 2026, which is 104% above its 10-year median of 0.78. GuruFocus rates CCOJY with a GF Score™ of 55/100 and a GF Value™ of $7.50 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 86 Beverages - Non-Alcoholic companies, Coca-Cola Bottlers Japan Holdings ranks better than 74.42% on this metric.

As of today (2026-08-12), Coca-Cola Bottlers Japan Holdings's current share price is $11.66. Coca-Cola Bottlers Japan Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $7.34. Coca-Cola Bottlers Japan Holdings's Cyclically Adjusted PB Ratio for today is 1.59.

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:

CCOJY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.78   Max: 1.91
Current: 1.34

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.

CCOJY's Cyclically Adjusted PB Ratio is ranked better than
74.42% of 86 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.245 vs CCOJY: 1.34

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 Jun. 2026 was $6.994. 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 $7.34 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coca-Cola Bottlers Japan Holdings  (OTCPK:CCOJY) 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
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.78 0.89 1.06 1.21 1.44

CCOJY 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.


CCOJY
55GF Score
Coca-Cola Bottlers Japan Holdings Inc CCOJY
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
=11.66/7.34
=1.59

* 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 Jun. 2026 is calculated as:

For example, Coca-Cola Bottlers Japan Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=6.994/113.6000*113.6000
=6.994

Current CPI (Jun. 2026) = 113.6000.

Coca-Cola Bottlers Japan Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.877 98.000 13.768
201612 10.299 98.400 11.890
201703 10.518 98.100 12.180
201706 13.489 98.500 15.557
201709 13.740 98.800 15.798
201712 14.188 99.400 16.215
201803 14.360 99.200 16.445
201806 13.946 99.200 15.970
201809 13.729 99.900 15.612
201812 14.098 99.700 16.064
201903 13.969 99.700 15.917
201906 12.875 99.800 14.655
201909 13.039 100.100 14.798
201912 12.930 100.500 14.615
202003 12.712 100.300 14.398
202006 12.717 99.900 14.461
202009 13.013 99.900 14.798
202012 13.474 99.300 15.414
202103 12.881 99.900 14.647
202106 12.657 99.500 14.451
202109 12.514 100.100 14.202
202112 12.058 100.100 13.684
202203 11.342 101.100 12.744
202206 9.969 101.800 11.125
202209 9.312 103.100 10.260
202212 9.841 104.100 10.739
202303 9.704 104.400 10.559
202306 9.248 105.200 9.986
202309 8.910 106.200 9.531
202312 9.093 106.800 9.672
202403 8.625 107.200 9.140
202406 8.239 108.200 8.650
202409 9.213 108.900 9.611
202412 8.529 110.700 8.752
202503 8.589 111.100 8.782
202506 7.677 111.700 7.808
202509 7.756 112.000 7.867
202512 7.352 113.000 7.391
202603 7.091 112.700 7.148
202606 6.994 113.600 6.994

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 1.59 mean?
Coca-Cola Bottlers Japan Holdings (CCOJY) has a Cyclically Adjusted PB Ratio of 1.59 as of Aug. 12, 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 104% 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 #22 out of 86 companies in the Beverages - Non-Alcoholic industry, placing it in the top 25.6%.
Is Coca-Cola Bottlers Japan Holdings' Cyclically Adjusted PB Ratio too high?
Coca-Cola Bottlers Japan Holdings' current Cyclically Adjusted PB Ratio of 1.59 is 104% 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 2.25. Coca-Cola Bottlers Japan Holdings' value of 1.59 is 29.2% below this industry median. Based on the distribution chart, Coca-Cola Bottlers Japan Holdings ranks #22 out of 86 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Coca-Cola Bottlers Japan Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, 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 #22 out of 86 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 2.25. Coca-Cola Bottlers Japan Holdings' value of 1.59 is 29.2% 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 2.25, 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 2.25, based on 86 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 1.59 is 29.2% 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 2.25 — 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 1.59, which is 104% 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?
Based on GuruFocus' analysis, Coca-Cola Bottlers Japan Holdings (CCOJY) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.50, compared to a current price of $11.66 — trading 55.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.59, which is 104% above median its 10-year median of 0.78 and 29.2% below the Beverages - Non-Alcoholic industry median of 2.25. Coca-Cola Bottlers Japan Holdings' overall GF Score™ is 55/100 with 3 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 (CCOJY), the current Cyclically Adjusted PB Ratio is 1.59 as of Aug. 12, 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 (CCOJY) Overvalued in 2026?

Based on GuruFocus' analysis, Coca-Cola Bottlers Japan Holdings stock appears to be overvalued. The current stock price of $11.66 is trading 55.5% above its estimated GF Value™ of $7.50. GuruFocus considers Coca-Cola Bottlers Japan Holdings to be Significantly Overvalued.

Key valuation signals for CCOJY:

  • Cyclically Adjusted PB Ratio: 1.59 (104% above median its 10-year median of 0.78)
  • GF Value™: $7.50 vs. price of $11.66 (55.5% above fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 29.2% below the Beverages - Non-Alcoholic median (#22 of 86)

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


Coca-Cola Bottlers Japan Holdings Business Description

Other Exchanges 2579:JapanCCW:Germany
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.
55GF Score

Get the complete analysis for CCOJY

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

$11.66
Price
$7.50
GF Value