GWNCF (Goldwin) Cyclically Adjusted PB Ratio: (As of Aug. 23, 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.
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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.

GWNCF Goldwin Inc GWNCF
69 GF Score
Price $15.08
GF Value $20.56
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Goldwin 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


Goldwin  (OTCPK:GWNCF) 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.


Goldwin Cyclically Adjusted PB Ratio Related Terms


Goldwin Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Goldwin'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.

Goldwin Cyclically Adjusted PB Ratio Chart

Goldwin 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 8.05 13.86 9.17 6.40 4.44

Goldwin 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 6.06 5.45 5.21 4.44 0.00

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

For the Apparel Manufacturing subindustry, Goldwin'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.


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

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

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


GWNCF
69GF Score
Goldwin Inc GWNCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Goldwin 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.

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

For example, Goldwin'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)
=5.963/112.7000*112.7000
=5.963

Current CPI (Mar. 2026) = 112.7000.

Goldwin Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.929 98.100 2.216
201609 1.983 98.000 2.280
201612 1.942 98.400 2.224
201703 2.052 98.100 2.357
201706 2.102 98.500 2.405
201709 2.099 98.800 2.394
201712 2.252 99.400 2.553
201803 2.421 99.200 2.750
201806 2.257 99.200 2.564
201809 2.096 99.900 2.365
201812 2.471 99.700 2.793
201903 2.621 99.700 2.963
201906 2.656 99.800 2.999
201909 2.767 100.100 3.115
201912 3.181 100.500 3.567
202003 3.196 100.300 3.591
202006 2.999 99.900 3.383
202009 3.054 99.900 3.445
202012 3.581 99.300 4.064
202103 3.570 99.900 4.027
202106 3.470 99.500 3.930
202109 3.540 100.100 3.986
202112 3.864 100.100 4.350
202203 3.931 101.100 4.382
202206 3.313 101.800 3.668
202209 3.422 103.100 3.741
202212 4.089 104.100 4.427
202303 4.424 104.400 4.776
202306 4.150 105.200 4.446
202309 4.267 106.200 4.528
202312 4.744 106.800 5.006
202403 4.954 107.200 5.208
202406 4.639 108.200 4.832
202409 5.374 108.900 5.562
202412 5.149 110.700 5.242
202503 5.568 111.100 5.648
202506 5.552 111.700 5.602
202509 5.666 112.000 5.701
202512 5.551 113.000 5.536
202603 5.963 112.700 5.963

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 Goldwin (GWNCF) Overvalued in 2026?

Based on GuruFocus' analysis, Goldwin stock appears to be undervalued. The current stock price of $15.08 is trading 26.7% below its estimated GF Value™ of $20.56. GuruFocus considers Goldwin to be Modestly Undervalued.

Key valuation signals for GWNCF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $20.56 vs. price of $15.08 (26.7% below fair value)
  • GF Score™: 69/100 with 1 warning sign

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


Goldwin Business Description

Other Exchanges 8111:Japan
Address 210 Kiyosawa, Toyama Prefecture, Oyabe, JPN, 932-0193
Goldwin Inc is involved in the business of manufacturing and selling sports products in Japan. It sells brands such as Goldwin, C3fit, Mxp, Speedo, Ellesse, Danskin, Canterbury, Black and white sport, the North Face, Helly Hansen, Macpac, Alite, Icebreaker, and Fischer.
69GF Score

Get the complete analysis for GWNCF

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

$15.08
Price
$20.56
GF Value