JSFNF (Japan Securities Finance Co) Cyclically Adjusted PB Ratio: (As of Jun. 30, 2026)


JSFNF Japan Securities Finance Co Ltd JSFNF
65 GF Score
Price $5.10
GF Value $3.98
! 4 Warning Signs
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What is Japan Securities Finance Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Securities Finance Co  (OTCPK:JSFNF) 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.


Japan Securities Finance Co Cyclically Adjusted PB Ratio Related Terms


Japan Securities Finance Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Japan Securities Finance 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.

Japan Securities Finance Co Cyclically Adjusted PB Ratio Chart

Japan Securities Finance Co 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 0.64 0.68 1.06 1.08 1.23

Japan Securities Finance Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.08 1.06 1.12 1.20 1.23

JSFNF vs V, MA, AXP: Cyclically Adjusted PB Ratio Comparison

For the Credit Services subindustry, Japan Securities Finance 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.


Japan Securities Finance Co Cyclically Adjusted PB Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Japan Securities Finance Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


JSFNF
65GF Score
Japan Securities Finance Co Ltd JSFNF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Securities Finance 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.

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

For example, Japan Securities Finance Co'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)
=10.701/112.7000*112.7000
=10.701

Current CPI (Mar. 2026) = 112.7000.

Japan Securities Finance Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.732 98.100 15.776
201609 14.315 98.000 16.462
201612 12.543 98.400 14.366
201703 12.865 98.100 14.780
201706 13.166 98.500 15.064
201709 13.384 98.800 15.267
201712 13.354 99.400 15.141
201803 14.322 99.200 16.271
201806 13.714 99.200 15.580
201809 13.469 99.900 15.195
201812 13.278 99.700 15.009
201903 13.669 99.700 15.451
201906 13.860 99.800 15.652
201909 13.964 100.100 15.722
201912 13.927 100.500 15.618
202003 12.635 100.300 14.197
202006 12.571 99.900 14.182
202009 13.137 99.900 14.820
202012 13.524 99.300 15.349
202103 13.353 99.900 15.064
202106 13.040 99.500 14.770
202109 13.372 100.100 15.055
202112 12.775 100.100 14.383
202203 12.497 101.100 13.931
202206 11.001 101.800 12.179
202209 10.301 103.100 11.260
202212 10.775 104.100 11.665
202303 11.780 104.400 12.717
202306 11.420 105.200 12.234
202309 11.222 106.200 11.909
202312 11.612 106.800 12.253
202403 11.518 107.200 12.109
202406 10.537 108.200 10.975
202409 11.763 108.900 12.173
202412 10.697 110.700 10.890
202503 10.938 111.100 11.096
202506 11.071 111.700 11.170
202509 11.226 112.000 11.296
202512 10.675 113.000 10.647
202603 10.701 112.700 10.701

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 Japan Securities Finance Co (JSFNF) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Securities Finance Co stock appears to be overvalued. The current stock price of $5.10 is trading 28.1% above its estimated GF Value™ of $3.98.

Key valuation signals for JSFNF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $3.98 vs. price of $5.10 (28.1% above fair value)
  • GF Score™: 65/100 with 4 warning signs

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


Japan Securities Finance Co Business Description

Other Exchanges 8511:Japan
Address 1-2-10 Nihonbashi-Kayabacho, Chuo-ku, Tokyo, JPN, 103-0025
Japan Securities Finance Co Ltd operates in three business segments: Securities Finance, Trust Banking, and Real Estate Leasing. In the Securities Finance business, which makes up the vast majority of the company's total revenue, the company primarily provides loans for margin transactions where it earns revenue through fees and interest. The Securities Finance segment also earns fees through stock and bond lending and earns interest through bond financing and general loans. The Trust Banking business provides trust services, such as securities trust, and banking services, such as deposits and loans. The Real Estate Leasing business provides services for leasing and managing real estate. The company operates exclusively in Japan.
65GF Score

Get the complete analysis for JSFNF

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

$5.10
Price
$3.98
GF Value