Joyfull Co (FSE:9942) Cyclically Adjusted PB Ratio: 3.48 (As of Aug. 06, 2026) — 24% Above Median

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FSE:9942 Joyfull Co Ltd FSE:9942
62 GF Score
Price 円1,317.00
GF Value 円955.59
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Joyfull Co Cyclically Adjusted PB Ratio?

Joyfull Co FSE:9942 +0.23% 62 Cyclically Adjusted PB Ratio is 3.48 as of Aug. 06, 2026, which is 24% above its 10-year median of 2.81. GuruFocus rates FSE:9942 with a GF Score™ of 62/100 and a GF Value™ of 円955.59 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 255 Restaurants companies, Joyfull Co ranks worse than 70.59% on this metric.

As of today (2026-08-06), Joyfull Co's current share price is 円1317.00. Joyfull Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円378.48. Joyfull Co's Cyclically Adjusted PB Ratio for today is 3.48.

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

FSE:9942' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.01   Med: 2.81   Max: 3.37
Current: 3.37

During the past years, Joyfull Co's highest Cyclically Adjusted PB Ratio was 3.37. The lowest was 2.01. And the median was 2.81.

FSE:9942's Cyclically Adjusted PB Ratio is ranked worse than
70.59% of 255 companies
in the Restaurants industry
Industry Median: 1.85 vs FSE:9942: 3.37

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.

Joyfull Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円457.650. 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 円378.48 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Joyfull Co  (FSE:9942) 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.


Joyfull Co Cyclically Adjusted PB Ratio Related Terms


Joyfull Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Joyfull 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.

Joyfull Co Cyclically Adjusted PB Ratio Chart

Joyfull Co Annual Data
Trend Dec15 Dec16 Dec17 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 2.39 2.86 2.92

Joyfull Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 2.83 2.92 3.01 3.13 0.00

FSE:9942 vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Joyfull 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.


Joyfull Co Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Joyfull Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FSE:9942
62GF Score
Joyfull Co Ltd FSE:9942
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Joyfull 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1317.00/378.48
=3.48

* 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.

Joyfull Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Joyfull Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=457.65/113.0000*113.0000
=457.650

Current CPI (Dec. 2025) = 113.0000.

Joyfull Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 469.404 98.100 540.700
201603 474.133 97.900 547.263
201606 483.997 98.100 557.509
201609 507.234 98.000 584.872
201612 539.955 98.400 620.070
201703 535.092 98.100 616.365
201706 536.181 98.500 615.111
201709 555.903 98.800 635.800
201712 530.214 99.400 602.758
201803 533.172 99.200 607.343
201806 526.920 99.200 600.221
201809 553.365 99.900 625.928
201812 506.492 99.700 574.058
201903 484.126 99.700 548.709
201906 333.265 99.800 377.344
201909 350.791 100.100 395.998
201912 334.488 100.500 376.091
202003 243.496 100.300 274.327
202006 11.854 99.900 13.408
202009 20.379 99.900 23.051
202012 79.308 99.300 90.250
202103 92.249 99.900 104.346
202106 103.069 99.500 117.053
202109 134.185 100.100 151.478
202112 162.902 100.100 183.895
202203 171.037 101.100 191.169
202206 186.497 101.800 207.015
202209 187.729 103.100 205.755
202212 201.407 104.100 218.626
202303 222.993 104.400 241.362
202306 236.569 105.200 254.109
202309 277.891 106.200 295.684
202312 298.390 106.800 315.712
202403 337.983 107.200 356.269
202406 334.682 108.200 349.529
202412 396.589 110.700 404.829
202503 406.556 111.100 413.509
202506 398.144 111.700 402.778
202509 437.308 112.000 441.213
202512 457.650 113.000 457.650

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 3.48 mean?
Joyfull Co (FSE:9942) has a Cyclically Adjusted PB Ratio of 3.48 as of Aug. 06, 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 Joyfull Co and its competitors. This is 24% above median its historical median of 2.81. Over the past decade, Joyfull Co's Cyclically Adjusted PB Ratio has ranged from 2.01 to 3.37. According to the industry distribution chart, Joyfull Co ranks #180 out of 255 companies in the Restaurants industry, placing it in the top 70.6%.
Is Joyfull Co's Cyclically Adjusted PB Ratio too high?
Joyfull Co's current Cyclically Adjusted PB Ratio of 3.48 is 24% above median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 2.01 to a high of 3.37. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.85. Joyfull Co's value of 3.48 is 88.1% above this industry median. Based on the distribution chart, Joyfull Co ranks #180 out of 255 companies in the Restaurants industry, which is below the industry midpoint. Overall, Joyfull Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Joyfull Co's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Joyfull Co ranks #180 out of 255 companies for Cyclically Adjusted PB Ratio. This places Joyfull Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Joyfull Co's value of 3.48 is 88.1% above this benchmark. Historically, Joyfull Co's own Cyclically Adjusted PB Ratio has ranged from 2.01 to 3.37 over the past decade. While the company's 10-year median is 2.81 vs. the industry median of 1.85, Joyfull 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.85, based on 255 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. Joyfull Co's current Cyclically Adjusted PB Ratio of 3.48 is 88.1% 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 Joyfull Co and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Joyfull Co's current Cyclically Adjusted PB Ratio is 3.48, which is 24% above median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joyfull Co stock overvalued right now?
Based on GuruFocus' analysis, Joyfull Co (FSE:9942) is currently considered Significantly Overvalued. The stock's GF Value™ is 円955.59, compared to a current price of 円1,317.00 — trading 37.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.48, which is 24% above median its 10-year median of 2.81 and 88.1% above the Restaurants industry median of 1.85. Joyfull Co's overall GF Score™ is 62/100 with 2 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 Joyfull Co (FSE:9942), the current Cyclically Adjusted PB Ratio is 3.48 as of Aug. 06, 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 Joyfull Co (FSE:9942) Overvalued in 2026?

Based on GuruFocus' analysis, Joyfull Co stock appears to be overvalued. The current stock price of 円1,317.00 is trading 37.8% above its estimated GF Value™ of 円955.59. GuruFocus considers Joyfull Co to be Significantly Overvalued.

Key valuation signals for FSE:9942:

  • Cyclically Adjusted PB Ratio: 3.48 (24% above median its 10-year median of 2.81)
  • GF Value™: 円955.59 vs. price of 円1,317.00 (37.8% above fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 88.1% above the Restaurants median (#180 of 255)

No single metric tells the full story. See the FSE:9942 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Joyfull Co Business Description

Address 1-1-45 Mitsugawashinmachi, Oita Prefecture, Oita, JPN, 870-0141
Joyfull Co Ltd is a Japanese based chain restaurant operator. It is engaged in offering a western-style menu. It offers a lunch menu, grilled lunch, morning menu, the seasonal menu including chicken, beef, pork, meat, snacks, combo meals, alcohol, dessert, cappuccino, black bean tea, among others.
62GF Score

Get the complete analysis for FSE:9942

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

円1,317.00
Price
円955.59
GF Value