Mizuno (FRA:MIZ) Cyclically Adjusted PB Ratio: 2.26 (As of Aug. 04, 2026) — 172% Above Median

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FRA:MIZ Mizuno Corp FRA:MIZ
87 GF Score
Price €20.20
GF Value €15.91
Valuation Modestly Overvalued
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What is Mizuno Cyclically Adjusted PB Ratio?

Mizuno FRA:MIZ +1.51% 87 Cyclically Adjusted PB Ratio is 2.26 as of Aug. 04, 2026, which is 172% above its 10-year median of 0.83. GuruFocus rates FRA:MIZ with a GF Score™ of 87/100 and a GF Value™ of €15.91 (Modestly Overvalued). Among 806 Retail - Cyclical companies, Mizuno ranks worse than 70.1% on this metric.

As of today (2026-08-04), Mizuno's current share price is €20.20. Mizuno's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €8.93. Mizuno's Cyclically Adjusted PB Ratio for today is 2.26.

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

FRA:MIZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.83   Max: 2.63
Current: 2.2

During the past years, Mizuno's highest Cyclically Adjusted PB Ratio was 2.63. The lowest was 0.42. And the median was 0.83.

FRA:MIZ's Cyclically Adjusted PB Ratio is ranked worse than
70.1% of 806 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs FRA:MIZ: 2.20

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.

Mizuno's adjusted book value per share data for the three months ended in Mar. 2026 was €12.427. 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 €8.93 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mizuno  (FRA:MIZ) 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.


Mizuno Cyclically Adjusted PB Ratio Related Terms


Mizuno Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mizuno'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.

Mizuno Cyclically Adjusted PB Ratio Chart

Mizuno 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 0.56 0.78 1.50 1.69 2.06

Mizuno 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 1.69 1.70 1.69 1.91 2.06

FRA:MIZ vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Mizuno'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.


Mizuno Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mizuno's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:MIZ
87GF Score
Mizuno Corp FRA:MIZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mizuno 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.20/8.93
=2.26

* 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.

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

For example, Mizuno'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)
=12.427/112.7000*112.7000
=12.427

Current CPI (Mar. 2026) = 112.7000.

Mizuno Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.519 98.100 10.936
201609 9.720 98.000 11.178
201612 9.238 98.400 10.581
201703 9.632 98.100 11.066
201706 9.308 98.500 10.650
201709 8.947 98.800 10.206
201712 8.895 99.400 10.085
201803 9.251 99.200 10.510
201806 9.385 99.200 10.662
201809 9.465 99.900 10.678
201812 9.670 99.700 10.931
201903 10.045 99.700 11.355
201906 10.364 99.800 11.704
201909 10.843 100.100 12.208
201912 10.601 100.500 11.888
202003 10.880 100.300 12.225
202006 10.459 99.900 11.799
202009 10.320 99.900 11.642
202012 10.288 99.300 11.676
202103 10.465 99.900 11.806
202106 10.509 99.500 11.903
202109 10.918 100.100 12.292
202112 11.115 100.100 12.514
202203 11.185 101.100 12.468
202206 10.756 101.800 11.908
202209 11.279 103.100 12.329
202212 11.232 104.100 12.160
202303 11.274 104.400 12.170
202306 10.999 105.200 11.783
202309 11.209 106.200 11.895
202312 11.488 106.800 12.123
202403 11.323 107.200 11.904
202406 11.305 108.200 11.775
202409 12.451 108.900 12.885
202412 12.232 110.700 12.453
202503 12.644 111.100 12.826
202506 12.222 111.700 12.331
202509 12.195 112.000 12.271
202512 11.940 113.000 11.908
202603 12.427 112.700 12.427

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 2.26 mean?
Mizuno (FRA:MIZ) has a Cyclically Adjusted PB Ratio of 2.26 as of Aug. 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 Mizuno and its competitors. This is 172% above median its historical median of 0.83. Over the past decade, Mizuno's Cyclically Adjusted PB Ratio has ranged from 0.42 to 2.63. According to the industry distribution chart, Mizuno ranks #565 out of 806 companies in the Retail - Cyclical industry, placing it in the top 70.1%.
Is Mizuno's Cyclically Adjusted PB Ratio too high?
Mizuno's current Cyclically Adjusted PB Ratio of 2.26 is 172% above median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 2.63. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Mizuno's value of 2.26 is 80.8% above this industry median. Based on the distribution chart, Mizuno ranks #565 out of 806 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Mizuno has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mizuno's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Mizuno ranks #565 out of 806 companies for Cyclically Adjusted PB Ratio. This places Mizuno in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Mizuno's value of 2.26 is 80.8% above this benchmark. Historically, Mizuno's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 2.63 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 1.25, Mizuno 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 806 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. Mizuno's current Cyclically Adjusted PB Ratio of 2.26 is 80.8% 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 Mizuno and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mizuno's current Cyclically Adjusted PB Ratio is 2.26, which is 172% above median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mizuno stock overvalued right now?
Based on GuruFocus' analysis, Mizuno (FRA:MIZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €15.91, compared to a current price of €20.20 — trading 27% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.26, which is 172% above median its 10-year median of 0.83 and 80.8% above the Retail - Cyclical industry median of 1.25. Mizuno's overall GF Score™ is 87/100. 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 Mizuno (FRA:MIZ), the current Cyclically Adjusted PB Ratio is 2.26 as of Aug. 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 Mizuno (FRA:MIZ) Overvalued in 2026?

Based on GuruFocus' analysis, Mizuno stock appears to be overvalued. The current stock price of €20.20 is trading 27% above its estimated GF Value™ of €15.91. GuruFocus considers Mizuno to be Modestly Overvalued.

Key valuation signals for FRA:MIZ:

  • Cyclically Adjusted PB Ratio: 2.26 (172% above median its 10-year median of 0.83)
  • GF Value™: €15.91 vs. price of €20.20 (27% above fair value)
  • GF Score™: 87/100
  • Industry Position: 80.8% above the Retail - Cyclical median (#565 of 806)

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


Mizuno Business Description

Other Exchanges 8022:JapanMIZ:Germany
Address 1-12-35 Nanko-Kita Suminoe-ku, Osaka-shi, JPN, 559-8510
Mizuno Corporation is a Japan-based company principally engaged in the manufacture and sale of sporting goods under the brand MIZUNO worldwide. The company's product mix consists of sports equipment, sports shoes, sportswear, and other products and services. Footwear and apparel jointly account for more than half of the company's total revenue. The company's products are produced in the company's own factories or commissioned factories. The company has business presence in Japan, the Americas, EMEA, Asia and Oceania, with Japan contributing over half of the company's total revenue.
87GF Score

Get the complete analysis for FRA:MIZ

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

€20.20
Price
€15.91
GF Value