DSHIF (Doshisha Co) Cyclically Adjusted PB Ratio: 0.84 (As of Sep. 16, 2026) — 27% Below Median

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DSHIF Doshisha Co Ltd DSHIF
76 GF Score
Price $15.95
GF Value $12.91
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What is Doshisha Co Cyclically Adjusted PB Ratio?

Doshisha Co DSHIF 76 Cyclically Adjusted PB Ratio is 0.84 as of Sep. 16, 2026, which is 27% below its 10-year median of 1.15. GuruFocus rates DSHIF with a GF Score™ of 76/100 and a GF Value™ of $12.91. Among 421 Conglomerates companies, Doshisha Co ranks worse than 59.86% on this metric.

As of today (2026-09-16), Doshisha Co's current share price is $15.95. Doshisha Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $18.94. Doshisha Co's Cyclically Adjusted PB Ratio for today is 0.84.

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

DSHIF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1.15   Max: 1.99
Current: 1.32

During the past years, Doshisha Co's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 0.71. And the median was 1.15.

DSHIF's Cyclically Adjusted PB Ratio is ranked worse than
59.86% of 421 companies
in the Conglomerates industry
Industry Median: 1.01 vs DSHIF: 1.32

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.

Doshisha Co's adjusted book value per share data for the three months ended in Jun. 2026 was $16.620. 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 $18.94 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Doshisha Co  (OTCPK:DSHIF) 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.


Doshisha Co Cyclically Adjusted PB Ratio Related Terms


Doshisha Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Doshisha Co'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.

Doshisha Co Cyclically Adjusted PB Ratio Chart

Doshisha Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.93 0.90 0.86 0.85

Doshisha Co 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 0.86 0.86 0.85 0.85 0.84

DSHIF vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Doshisha Co'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.


Doshisha Co Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Doshisha Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


DSHIF
76GF Score
Doshisha Co Ltd DSHIF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Doshisha Co 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.

Doshisha Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.95/18.936
=0.84

* 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.

Doshisha Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Doshisha Co'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)
=16.62/113.6000*113.6000
=16.620

Current CPI (Jun. 2026) = 113.6000.

Doshisha Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.679 98.000 18.175
201612 14.446 98.400 16.677
201703 15.224 98.100 17.629
201706 15.365 98.500 17.720
201709 15.627 98.800 17.968
201712 15.983 99.400 18.266
201803 16.957 99.200 19.419
201806 16.551 99.200 18.954
201809 16.314 99.900 18.551
201812 16.953 99.700 19.317
201903 17.054 99.700 19.432
201906 17.547 99.800 19.973
201909 17.736 100.100 20.128
201912 17.946 100.500 20.285
202003 18.104 100.300 20.505
202006 18.636 99.900 21.192
202009 19.419 99.900 22.082
202012 20.261 99.300 23.179
202103 19.255 99.900 21.896
202106 19.240 99.500 21.966
202109 19.381 100.100 21.995
202112 19.020 100.100 21.585
202203 18.284 101.100 20.545
202206 16.633 101.800 18.561
202209 15.923 103.100 17.545
202212 17.467 104.100 19.061
202303 17.541 104.400 19.087
202306 16.456 105.200 17.770
202309 16.221 106.200 17.351
202312 17.220 106.800 18.316
202403 16.312 107.200 17.286
202406 15.468 108.200 16.240
202409 17.338 108.900 18.086
202412 16.145 110.700 16.568
202503 17.012 111.100 17.395
202506 17.674 111.700 17.975
202509 17.747 112.000 18.001
202512 16.997 113.000 17.087
202603 16.919 112.700 17.054
202606 16.620 113.600 16.620

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 0.84 mean?
Doshisha Co (DSHIF) has a Cyclically Adjusted PB Ratio of 0.84 as of Sep. 16, 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 Doshisha Co and its competitors. This is 27% below median its historical median of 1.15. Over the past decade, Doshisha Co's Cyclically Adjusted PB Ratio has ranged from 0.71 to 1.99. According to the industry distribution chart, Doshisha Co ranks #252 out of 421 companies in the Conglomerates industry, placing it in the top 59.9%.
Is Doshisha Co's Cyclically Adjusted PB Ratio too high?
Doshisha Co's current Cyclically Adjusted PB Ratio of 0.84 is 27% below median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 1.99. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. Doshisha Co's value of 0.84 is 16.8% below this industry median. Based on the distribution chart, Doshisha Co ranks #252 out of 421 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Doshisha Co has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Doshisha Co's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Doshisha Co ranks #252 out of 421 companies for Cyclically Adjusted PB Ratio. This places Doshisha Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. Doshisha Co's value of 0.84 is 16.8% below this benchmark. Historically, Doshisha Co's own Cyclically Adjusted PB Ratio has ranged from 0.71 to 1.99 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 1.01, Doshisha Co 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.01, based on 421 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. Doshisha Co's current Cyclically Adjusted PB Ratio of 0.84 is 16.8% 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 Doshisha Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Doshisha Co's current Cyclically Adjusted PB Ratio is 0.84, which is 27% below median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Doshisha Co stock overvalued right now?
Doshisha Co (DSHIF) has a current Cyclically Adjusted PB Ratio of 0.84. The stock's GF Value™ is $12.91, compared to a current price of $15.95 — trading 23.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.84, which is 27% below median its 10-year median of 1.15 and 16.8% below the Conglomerates industry median of 1.01. Doshisha Co's overall GF Score™ is 76/100. 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 Doshisha Co (DSHIF), the current Cyclically Adjusted PB Ratio is 0.84 as of Sep. 16, 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 Doshisha Co (DSHIF) Overvalued in 2026?

Based on GuruFocus' analysis, Doshisha Co stock appears to be overvalued. The current stock price of $15.95 is trading 23.5% above its estimated GF Value™ of $12.91.

Key valuation signals for DSHIF:

  • Cyclically Adjusted PB Ratio: 0.84 (27% below median its 10-year median of 1.15)
  • GF Value™: $12.91 vs. price of $15.95 (23.5% above fair value)
  • GF Score™: 76/100
  • Industry Position: 16.8% below the Conglomerates median (#252 of 421)

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


Doshisha Co Business Description

Other Exchanges 7483:Japan
Address 1-5-5 Higashi Shinsaibashi, Chuo-ku, Osaka, JPN, 542-8525
Doshisha Co Ltd is a Japanese conglomerate. The company engages in the manufacture and sale of various lifestyle and household products. With operation organized into the following segments, Product Development, Wholesale Model Business and Others. It mainly provides consumer electronics, home décor, apparel, food products, alcoholic beverages, and confectionery. It also engages in wholesale of branded products.
76GF Score

Get the complete analysis for DSHIF

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

$15.95
Price
$12.91
GF Value