Ricoh Co (FRA:RIC1) Cyclically Adjusted PB Ratio: 0.98 (As of Aug. 07, 2026) — 24% Above Median

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FRA:RIC1 Ricoh Co Ltd FRA:RIC1
78 GF Score
Price €8.55
GF Value €8.49
Valuation Fairly Valued
! 4 Warning Signs
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What is Ricoh Co Cyclically Adjusted PB Ratio?

Ricoh Co FRA:RIC1 +3.01% 78 Cyclically Adjusted PB Ratio is 0.98 as of Aug. 07, 2026, which is 24% above its 10-year median of 0.79. GuruFocus rates FRA:RIC1 with a GF Score™ of 78/100 and a GF Value™ of €8.49 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,252 Industrial Products companies, Ricoh Co ranks better than 75.98% on this metric.

As of today (2026-08-07), Ricoh Co's current share price is €8.55. Ricoh Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €8.76. Ricoh Co's Cyclically Adjusted PB Ratio for today is 0.98.

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

FRA:RIC1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.79   Max: 1.19
Current: 0.97

During the past years, Ricoh Co's highest Cyclically Adjusted PB Ratio was 1.19. The lowest was 0.47. And the median was 0.79.

FRA:RIC1's Cyclically Adjusted PB Ratio is ranked better than
75.98% of 2252 companies
in the Industrial Products industry
Industry Median: 2.07 vs FRA:RIC1: 0.97

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.

Ricoh Co's adjusted book value per share data for the three months ended in Mar. 2026 was €11.072. 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 €8.76 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ricoh Co  (FRA:RIC1) 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.


Ricoh Co Cyclically Adjusted PB Ratio Related Terms


Ricoh Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ricoh 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.

Ricoh Co Cyclically Adjusted PB Ratio Chart

Ricoh 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 0.77 0.68 0.90 1.00 0.81

Ricoh Co 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 1.00 0.86 0.82 0.85 0.81

Ricoh Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, Ricoh 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.


Ricoh Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


FRA:RIC1
78GF Score
Ricoh Co Ltd FRA:RIC1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ricoh 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.55/8.76
=0.98

* 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.

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

For example, Ricoh Co'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)
=11.072/112.7000*112.7000
=11.072

Current CPI (Mar. 2026) = 112.7000.

Ricoh Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.645 98.100 13.378
201609 11.935 98.000 13.725
201612 11.911 98.400 13.642
201703 11.904 98.100 13.676
201706 11.717 98.500 13.406
201709 11.214 98.800 12.792
201712 11.257 99.400 12.763
201803 9.596 99.200 10.902
201806 9.828 99.200 11.165
201809 10.153 99.900 11.454
201812 10.203 99.700 11.533
201903 10.244 99.700 11.580
201906 10.408 99.800 11.753
201909 10.762 100.100 12.117
201912 10.739 100.500 12.043
202003 10.679 100.300 11.999
202006 10.215 99.900 11.524
202009 9.944 99.900 11.218
202012 9.816 99.300 11.141
202103 9.901 99.900 11.170
202106 9.716 99.500 11.005
202109 10.047 100.100 11.312
202112 10.377 100.100 11.683
202203 10.844 101.100 12.088
202206 10.523 101.800 11.650
202209 10.602 103.100 11.589
202212 10.164 104.100 11.004
202303 10.687 104.400 11.537
202306 10.563 105.200 11.316
202309 10.450 106.200 11.090
202312 10.330 106.800 10.901
202403 10.575 107.200 11.118
202406 10.607 108.200 11.048
202409 10.632 108.900 11.003
202412 11.155 110.700 11.357
202503 11.232 111.100 11.394
202506 10.922 111.700 11.020
202509 10.893 112.000 10.961
202512 10.964 113.000 10.935
202603 11.072 112.700 11.072

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 0.98 mean?
Ricoh Co (FRA:RIC1) has a Cyclically Adjusted PB Ratio of 0.98 as of Aug. 07, 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 Ricoh Co and its competitors. This is 24% above median its historical median of 0.79. Over the past decade, Ricoh Co's Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.19. According to the industry distribution chart, Ricoh Co ranks #541 out of 2252 companies in the Industrial Products industry, placing it in the top 24%.
Is Ricoh Co's Cyclically Adjusted PB Ratio too high?
Ricoh Co's current Cyclically Adjusted PB Ratio of 0.98 is 24% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.19. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. Ricoh Co's value of 0.98 is 52.7% below this industry median. Based on the distribution chart, Ricoh Co ranks #541 out of 2252 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ricoh Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ricoh Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Industrial Products industry distribution chart, Ricoh Co ranks #541 out of 2252 companies for Cyclically Adjusted PB Ratio. This places Ricoh Co in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.07. Ricoh Co's value of 0.98 is 52.7% below this benchmark. Historically, Ricoh Co's own Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.19 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 2.07, Ricoh 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.07, based on 2,252 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. Ricoh Co's current Cyclically Adjusted PB Ratio of 0.98 is 52.7% 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 Ricoh Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ricoh Co's current Cyclically Adjusted PB Ratio is 0.98, which is 24% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ricoh Co stock overvalued right now?
Based on GuruFocus' analysis, Ricoh Co (FRA:RIC1) is currently considered Fairly Valued. The stock's GF Value™ is €8.49, compared to a current price of €8.55 — trading 0.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.98, which is 24% above median its 10-year median of 0.79 and 52.7% below the Industrial Products industry median of 2.07. Ricoh Co's overall GF Score™ is 78/100 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 Ricoh Co (FRA:RIC1), the current Cyclically Adjusted PB Ratio is 0.98 as of Aug. 07, 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 Ricoh Co (FRA:RIC1) Overvalued in 2026?

Based on GuruFocus' analysis, Ricoh Co stock appears to be overvalued. The current stock price of €8.55 is trading 0.7% above its estimated GF Value™ of €8.49. GuruFocus considers Ricoh Co to be Fairly Valued.

Key valuation signals for FRA:RIC1:

  • Cyclically Adjusted PB Ratio: 0.98 (24% above median its 10-year median of 0.79)
  • GF Value™: €8.49 vs. price of €8.55 (0.7% above fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 52.7% below the Industrial Products median (#541 of 2252)

No single metric tells the full story. See the FRA:RIC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ricoh Co Business Description

Address 3-6, Nakamagome 1-chome, Ohta-ku, Tokyo, JPN, 143-8555
Ricoh Co Ltd is engaged in the manufacture and sale of office automation equipment, electronic devices, and photographic instruments. Digital Products segment manufactures multifunction printers, printing machines, scanners, fax machines, network equipment, auto ID systems, electrical units, and related consumables. Digital Services segment covers sales of printers, PCs, servers, network equipment, software, support, solutions, and document-related services. Graphic Communications segment provides production printers, imaging systems, industrial printers, inkjet heads, and consumables. Industrial Solutions segment offers thermal paper, media, optical components, and precision parts. Others segment includes digital cameras, 360-degree cameras, environmental & healthcare-related businesses.
78GF Score

Get the complete analysis for FRA:RIC1

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

€8.55
Price
€8.49
GF Value