FRCOF (Fast Retailing Co) Cyclically Adjusted PB Ratio: 16.16 (As of Jul. 24, 2026) — 59% Above Median

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FRCOF Fast Retailing Co Ltd FRCOF
93 GF Score
Price $481.24
GF Value $356.72
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Fast Retailing Co Cyclically Adjusted PB Ratio?

Fast Retailing Co FRCOF +0.77% 93 Cyclically Adjusted PB Ratio is 16.16 as of Jul. 24, 2026, which is 59% above its 10-year median of 10.16. GuruFocus rates FRCOF with a GF Score™ of 93/100 and a GF Value™ of $356.72 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 809 Retail - Cyclical companies, Fast Retailing Co ranks worse than 96.17% on this metric.

As of today (2026-07-24), Fast Retailing Co's current share price is $481.2375. Fast Retailing Co's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was $29.78. Fast Retailing Co's Cyclically Adjusted PB Ratio for today is 16.16.

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

FRCOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.12   Med: 10.16   Max: 17.55
Current: 15.72

During the past years, Fast Retailing Co's highest Cyclically Adjusted PB Ratio was 17.55. The lowest was 6.12. And the median was 10.16.

FRCOF's Cyclically Adjusted PB Ratio is ranked worse than
96.17% of 809 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs FRCOF: 15.72

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.

Fast Retailing Co's adjusted book value per share data for the three months ended in May. 2026 was $56.222. 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 $29.78 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fast Retailing Co  (OTCPK:FRCOF) 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.


Fast Retailing Co Cyclically Adjusted PB Ratio Related Terms


Fast Retailing Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fast Retailing 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.

Fast Retailing Co Cyclically Adjusted PB Ratio Chart

Fast Retailing Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.69 9.45 10.04 12.04 10.56

Fast Retailing Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 11.30 10.56 12.48 14.72 16.79

FRCOF vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Fast Retailing 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.


Fast Retailing Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


FRCOF
93GF Score
Fast Retailing Co Ltd FRCOF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fast Retailing 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=481.2375/29.78
=16.16

* 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.

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

For example, Fast Retailing Co's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=56.222/113.5000*113.5000
=56.222

Current CPI (May. 2026) = 113.5000.

Fast Retailing Co Quarterly Data

Book Value per Share CPI Adj_Book
201608 18.551 97.900 21.507
201611 21.417 98.600 24.653
201702 21.331 98.100 24.680
201705 21.309 98.600 24.529
201708 21.778 98.500 25.094
201711 23.359 99.100 26.753
201802 24.116 99.500 27.509
201805 24.982 99.300 28.554
201808 25.402 99.800 28.889
201811 27.005 100.000 30.651
201902 28.451 99.700 32.389
201905 28.634 100.000 32.500
201908 28.869 100.000 32.766
201911 29.659 100.500 33.495
202002 30.280 100.300 34.265
202005 29.504 100.100 33.454
202008 29.458 100.100 33.401
202011 31.178 99.500 35.565
202102 32.724 99.800 37.216
202105 33.322 99.400 38.049
202108 33.167 99.700 37.758
202111 34.870 100.100 39.538
202202 36.068 100.700 40.653
202205 36.483 101.800 40.676
202208 37.654 102.700 41.614
202211 35.845 103.900 39.157
202302 39.271 104.000 42.858
202305 40.328 105.100 43.551
202308 41.023 105.900 43.967
202311 41.002 106.900 43.533
202402 43.755 106.900 46.456
202405 44.718 108.100 46.952
202408 44.947 109.100 46.760
202411 45.367 110.000 46.810
202502 47.232 110.800 48.383
202505 47.582 111.800 48.306
202508 50.235 112.100 50.862
202511 52.605 113.200 52.744
202602 55.314 112.200 55.955
202605 56.222 113.500 56.222

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 16.16 mean?
Fast Retailing Co (FRCOF) has a Cyclically Adjusted PB Ratio of 16.16 as of Jul. 24, 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 Fast Retailing Co and its competitors. This is 59% above median its historical median of 10.16. Over the past decade, Fast Retailing Co's Cyclically Adjusted PB Ratio has ranged from 6.12 to 17.55. According to the industry distribution chart, Fast Retailing Co ranks #778 out of 809 companies in the Retail - Cyclical industry, placing it in the top 96.2%.
Is Fast Retailing Co's Cyclically Adjusted PB Ratio too high?
Fast Retailing Co's current Cyclically Adjusted PB Ratio of 16.16 is 59% above median its 10-year median of 10.16. Over the past 10 years, this metric has ranged from a low of 6.12 to a high of 17.55. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Fast Retailing Co's value of 16.16 is 1203.2% above this industry median. Based on the distribution chart, Fast Retailing Co ranks #778 out of 809 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Fast Retailing Co has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fast Retailing Co's Cyclically Adjusted PB Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Fast Retailing Co ranks #778 out of 809 companies for Cyclically Adjusted PB Ratio. This places Fast Retailing Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Fast Retailing Co's value of 16.16 is 1203.2% above this benchmark. Historically, Fast Retailing Co's own Cyclically Adjusted PB Ratio has ranged from 6.12 to 17.55 over the past decade. While the company's 10-year median is 10.16 vs. the industry median of 1.24, Fast Retailing Co 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 1.24, based on 809 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. Fast Retailing Co's current Cyclically Adjusted PB Ratio of 16.16 is 1203.2% 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 Fast Retailing Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fast Retailing Co's current Cyclically Adjusted PB Ratio is 16.16, which is 59% above median its own 10-year median of 10.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fast Retailing Co stock overvalued right now?
Based on GuruFocus' analysis, Fast Retailing Co (FRCOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $356.72, compared to a current price of $481.24 — trading 34.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 16.16, which is 59% above median its 10-year median of 10.16 and 1203.2% above the Retail - Cyclical industry median of 1.24. Fast Retailing Co's overall GF Score™ is 93/100 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 Fast Retailing Co (FRCOF), the current Cyclically Adjusted PB Ratio is 16.16 as of Jul. 24, 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 Fast Retailing Co (FRCOF) Overvalued in 2026?

Based on GuruFocus' analysis, Fast Retailing Co stock appears to be overvalued. The current stock price of $481.24 is trading 34.9% above its estimated GF Value™ of $356.72. GuruFocus considers Fast Retailing Co to be Significantly Overvalued.

Key valuation signals for FRCOF:

  • Cyclically Adjusted PB Ratio: 16.16 (59% above median its 10-year median of 10.16)
  • GF Value™: $356.72 vs. price of $481.24 (34.9% above fair value)
  • GF Score™: 93/100 with 3 warning signs
  • Industry Position: 1203.2% above the Retail - Cyclical median (#778 of 809)

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


Fast Retailing Co Business Description

Address 10717-1 Sayama, Yamaguchi, Yamaguchi, JPN, 754-0894
Fast Retailing is Japan's largest apparel company. It operates casualwear retail chain Uniqlo, known for its high-quality functional apparel at reasonable prices. Fast Retailing is in charge of product design and sales and outsources almost all of its production to factories in places including China, Vietnam, Bangladesh, Indonesia, and India. It is ranked the second-largest apparel company by sales globally in 2024 per Euromonitor, thanks to the expansion of Uniqlo International. As of February 2025, it ran 3,616 stores globally. Other brands in its portfolio include GU and acquired brands like Theory, Comptoir des Cotonniers, and Princesse tam.tam. The Yanai family owned a 40.86% stake in the firm as of July 2025.
93GF Score

Get the complete analysis for FRCOF

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

$481.24
Price
$356.72
GF Value