IWKCF (Astena Holdings Co) Cyclically Adjusted PB Ratio: 0.69 (As of Jul. 23, 2026) — 13% Below Median

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.

IWKCF Astena Holdings Co Ltd IWKCF
55 GF Score
Price $2.25
GF Value $2.54
! 5 Warning Signs
View Full Analysis

What is Astena Holdings Co Cyclically Adjusted PB Ratio?

Astena Holdings Co IWKCF 55 Cyclically Adjusted PB Ratio is 0.69 as of Jul. 23, 2026, which is 13% below its 10-year median of 0.79. GuruFocus rates IWKCF with a GF Score™ of 55/100 and a GF Value™ of $2.54. The stock has 5 warning signs investors should review. Among 476 Conglomerates companies, Astena Holdings Co ranks better than 62.82% on this metric.

As of today (2026-07-23), Astena Holdings Co's current share price is $2.2458. Astena Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov25 was $3.26. Astena Holdings Co's Cyclically Adjusted PB Ratio for today is 0.69.

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

IWKCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 0.79   Max: 1.42
Current: 0.74

During the past 13 years, Astena Holdings Co's highest Cyclically Adjusted PB Ratio was 1.42. The lowest was 0.63. And the median was 0.79.

IWKCF's Cyclically Adjusted PB Ratio is ranked better than
62.82% of 476 companies
in the Conglomerates industry
Industry Median: 1.055 vs IWKCF: 0.74

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.

Astena Holdings Co's adjusted book value per share data of for the fiscal year that ended in Nov25 was $4.324. 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 $3.26 for the trailing ten years ended in Nov25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Astena Holdings Co  (OTCPK:IWKCF) 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.


Astena Holdings Co Cyclically Adjusted PB Ratio Related Terms


Astena Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Astena Holdings 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.

Astena Holdings Co Cyclically Adjusted PB Ratio Chart

Astena Holdings Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.69 0.77 0.73 0.69

Astena Holdings Co Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 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 0.75 0.73 0.70 0.69 0.00

IWKCF vs HON, MMM: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Astena Holdings 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.


Astena Holdings Co Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Astena Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


IWKCF
55GF Score
Astena Holdings Co Ltd IWKCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Astena Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.2458/3.26
=0.69

* 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.

Astena Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov25 is calculated as:

For example, Astena Holdings Co's adjusted Book Value per Share data for the fiscal year that ended in Nov25 was:

Adj_Book=Book Value per Share/CPI of Nov25 (Change)*Current CPI (Nov25)
=4.324/113.2000*113.2000
=4.324

Current CPI (Nov25) = 113.2000.

Astena Holdings Co Annual Data

Book Value per Share CPI Adj_Book
201611 4.668 98.600 5.359
201711 4.931 99.100 5.633
201811 5.221 100.000 5.910
201911 5.733 100.500 6.457
202011 6.288 99.500 7.154
202111 5.941 100.100 6.718
202211 4.811 103.900 5.242
202311 4.807 106.900 5.090
202411 4.067 110.000 4.185
202511 4.324 113.200 4.324

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 0.69 mean?
Astena Holdings Co (IWKCF) has a Cyclically Adjusted PB Ratio of 0.69 as of Jul. 23, 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 Astena Holdings Co and its competitors. This is 13% below median its historical median of 0.79. Over the past decade, Astena Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.63 to 1.42. According to the industry distribution chart, Astena Holdings Co ranks #177 out of 476 companies in the Conglomerates industry, placing it in the top 37.2%.
Is Astena Holdings Co's Cyclically Adjusted PB Ratio too high?
Astena Holdings Co's current Cyclically Adjusted PB Ratio of 0.69 is 13% below median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 1.42. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.06. Astena Holdings Co's value of 0.69 is 34.6% below this industry median. Based on the distribution chart, Astena Holdings Co ranks #177 out of 476 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Astena Holdings Co has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Astena Holdings Co's Cyclically Adjusted PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Astena Holdings Co ranks #177 out of 476 companies for Cyclically Adjusted PB Ratio. This puts Astena Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.06. Astena Holdings Co's value of 0.69 is 34.6% below this benchmark. Historically, Astena Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.63 to 1.42 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 1.06, Astena Holdings 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 a Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.06, based on 476 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. Astena Holdings Co's current Cyclically Adjusted PB Ratio of 0.69 is 34.6% 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 Astena Holdings Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astena Holdings Co's current Cyclically Adjusted PB Ratio is 0.69, which is 13% below 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 Astena Holdings Co stock overvalued right now?
Astena Holdings Co (IWKCF) has a current Cyclically Adjusted PB Ratio of 0.69. The stock's GF Value™ is $2.54, compared to a current price of $2.25 — trading 11.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.69, which is 13% below median its 10-year median of 0.79 and 34.6% below the Conglomerates industry median of 1.06. Astena Holdings Co's overall GF Score™ is 55/100 with 5 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 Astena Holdings Co (IWKCF), the current Cyclically Adjusted PB Ratio is 0.69 as of Jul. 23, 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 Astena Holdings Co (IWKCF) Overvalued in 2026?

Based on GuruFocus' analysis, Astena Holdings Co stock appears to be undervalued. The current stock price of $2.25 is trading 11.6% below its estimated GF Value™ of $2.54.

Key valuation signals for IWKCF:

  • Cyclically Adjusted PB Ratio: 0.69 (13% below median its 10-year median of 0.79)
  • GF Value™: $2.54 vs. price of $2.25 (11.6% below fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 34.6% below the Conglomerates median (#177 of 476)

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


Astena Holdings Co Business Description

Other Exchanges 8095:Japan
Address 8-2 Nihonbashi Honcho 4-Chome, Chuo-ku, Tokyo, JPN, 103-8403
Astena Holdings Co Ltd formerly Iwaki & Co Ltd is engaged in sale of pharmaceuticals, quasi-medicines, veterinary drugs, and medical equipment. It is also engaged in the sale of raw materials for medicines and cosmetics, health foods, chemicals and synthetic resins.
55GF Score

Get the complete analysis for IWKCF

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

$2.25
Price
$2.54
GF Value