Gunze (GNZLF) Cyclically Adjusted PB Ratio: (As of Aug. 17, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

GNZLF Gunze Ltd GNZLF
73 GF Score
Price $24.57
GF Value $2.33
! 5 Warning Signs
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What is Gunze Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gunze  (OTCPK:GNZLF) 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.


Gunze Cyclically Adjusted PB Ratio Related Terms


Gunze Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gunze'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.

Gunze Cyclically Adjusted PB Ratio Chart

Gunze 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 0.61 0.70 0.83 0.76 1.05

Gunze 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 1.02 1.08 1.21 1.05 0.00

GNZLF vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Gunze'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.


Gunze Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gunze's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


GNZLF
73GF Score
Gunze Ltd GNZLF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Gunze 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.

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

For example, Gunze'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)
=22.487/112.7000*112.7000
=22.487

Current CPI (Mar. 2026) = 112.7000.

Gunze Quarterly Data

Book Value per Share CPI Adj_Book
201606 25.152 98.100 28.895
201609 26.106 98.000 30.022
201612 25.043 98.400 28.682
201703 25.684 98.100 29.506
201706 26.635 98.500 30.475
201709 27.205 98.800 31.032
201712 27.359 99.400 31.020
201803 28.760 99.200 32.674
201806 27.569 99.200 31.321
201809 27.440 99.900 30.956
201812 29.875 99.700 33.770
201903 27.322 99.700 30.885
201906 27.562 99.800 31.125
201909 28.077 100.100 31.611
201912 28.676 100.500 32.157
202003 28.196 100.300 31.682
202006 27.834 99.900 31.400
202009 28.941 99.900 32.649
202012 30.152 99.300 34.221
202103 29.570 99.900 33.359
202106 28.673 99.500 32.477
202109 30.054 100.100 33.837
202112 29.479 100.100 33.190
202203 27.589 101.100 30.755
202206 24.444 101.800 27.061
202209 23.270 103.100 25.437
202212 25.369 104.100 27.465
202303 25.425 104.400 27.446
202306 24.048 105.200 25.762
202309 23.508 106.200 24.947
202312 24.548 106.800 25.904
202403 23.762 107.200 24.981
202406 22.556 108.200 23.494
202409 25.329 108.900 26.213
202412 23.504 110.700 23.929
202503 24.625 111.100 24.980
202506 23.498 111.700 23.708
202509 23.085 112.000 23.229
202512 22.359 113.000 22.300
202603 22.487 112.700 22.487

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.

Is Gunze (GNZLF) Overvalued in 2026?

Based on GuruFocus' analysis, Gunze stock appears to be overvalued. The current stock price of $24.57 is trading 954.5% above its estimated GF Value™ of $2.33.

Key valuation signals for GNZLF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $2.33 vs. price of $24.57 (954.5% above fair value)
  • GF Score™: 73/100 with 5 warning signs

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


Gunze Business Description

Other Exchanges 3002:JapanGUN:Germany
Address 2-5-25, Umeda, Kita-ku, Herbis Osaka Office Tower, Osaka, JPN, 530-0001
Gunze Ltd has three business lines: Apparel, Functional Solutions, and Lifestyle Creation. Apparel, which is the company's largest business by revenue, manufactures innerwear, legwear, house casual wear, and threads and accessories with brands including Kaiteki Kobo, Body Wild, Tuche, The Gunze, and Sabrina. Functional Solutions produces plastic films, engineering plastics, electronic components, mechatronics, and medical materials for the beverage, electronics, and medical industries. Lifestyle Creations, the smallest business, engages in a variety of service businesses including landscaping, fitness clubs and spas, property development, and energy engineering. Roughly three fourths of the company's sales come from Japan.
73GF Score

Get the complete analysis for GNZLF

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

$24.57
Price
$2.33
GF Value