Ricoh Co (LSE:RICO) Cyclically Adjusted PB Ratio: 0.94 (As of Jul. 15, 2026) — 19% Above Median

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LSE:RICO Ricoh Co Ltd LSE:RICO
76 GF Score
Price 円1,532.50
GF Value 円1,568.96
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Ricoh Co Cyclically Adjusted PB Ratio?

Ricoh Co LSE:RICO +2.23% 76 Cyclically Adjusted PB Ratio is 0.94 as of Jul. 15, 2026, which is 19% above its 10-year median of 0.79. GuruFocus rates LSE:RICO with a GF Score™ of 76/100 and a GF Value™ of 円1,568.96 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,292 Industrial Products companies, Ricoh Co ranks better than 78.18% on this metric.

As of today (2026-07-15), Ricoh Co's current share price is 円1532.50. Ricoh Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,631.32. Ricoh Co's Cyclically Adjusted PB Ratio for today is 0.94.

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

LSE:RICO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.79   Max: 1.19
Current: 0.92

During the past years, Ricoh Co's highest Cyclically Adjusted PB Ratio was 1.19. The lowest was 0.47. And the median was 0.79.

LSE:RICO's Cyclically Adjusted PB Ratio is ranked better than
78.18% of 2292 companies
in the Industrial Products industry
Industry Median: 2.21 vs LSE:RICO: 0.92

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.

Ricoh Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,031.058. 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1,631.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ricoh Co  (LSE:RICO) 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.


Ricoh Co Cyclically Adjusted PB Ratio Related Terms


Ricoh Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ricoh 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.

Ricoh Co Cyclically Adjusted PB Ratio Chart

Ricoh 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 0.77 0.68 0.90 1.00 0.81

Ricoh 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 1.00 0.86 0.82 0.85 0.81

Ricoh Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, Ricoh 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.


Ricoh Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ricoh Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LSE:RICO
76GF Score
Ricoh Co Ltd LSE:RICO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ricoh 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1532.50/1631.32
=0.94

* 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.

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

For example, Ricoh 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)
=2031.058/112.7000*112.7000
=2,031.058

Current CPI (Mar. 2026) = 112.7000.

Ricoh Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,378.491 98.100 1,583.649
201609 1,363.440 98.000 1,567.956
201612 1,457.423 98.400 1,669.223
201703 1,437.622 98.100 1,651.580
201706 1,460.148 98.500 1,670.646
201709 1,480.594 98.800 1,688.896
201712 1,504.535 99.400 1,705.846
201803 1,254.796 99.200 1,425.560
201806 1,263.734 99.200 1,435.714
201809 1,328.075 99.900 1,498.239
201812 1,302.323 99.700 1,472.134
201903 1,286.556 99.700 1,454.312
201906 1,270.890 99.800 1,435.163
201909 1,274.611 100.100 1,435.052
201912 1,301.871 100.500 1,459.909
202003 1,270.469 100.300 1,427.536
202006 1,237.540 99.900 1,396.104
202009 1,236.752 99.900 1,395.215
202012 1,239.419 99.300 1,406.672
202103 1,281.287 99.900 1,445.456
202106 1,288.946 99.500 1,459.942
202109 1,302.083 100.100 1,465.982
202112 1,334.756 100.100 1,502.767
202203 1,416.081 101.100 1,578.559
202206 1,490.143 101.800 1,649.697
202209 1,504.060 103.100 1,644.108
202212 1,452.649 104.100 1,572.657
202303 1,529.460 104.400 1,651.055
202306 1,617.735 105.200 1,733.068
202309 1,648.886 106.200 1,749.807
202312 1,621.911 106.800 1,711.511
202403 1,722.071 107.200 1,810.424
202406 1,802.321 108.200 1,877.279
202409 1,686.899 108.900 1,745.762
202412 1,796.580 110.700 1,829.039
202503 1,809.904 111.100 1,835.969
202506 1,820.164 111.700 1,836.459
202509 1,890.449 112.000 1,902.264
202512 2,001.785 113.000 1,996.471
202603 2,031.058 112.700 2,031.058

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 0.94 mean?
Ricoh Co (LSE:RICO) has a Cyclically Adjusted PB Ratio of 0.94 as of Jul. 15, 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 Ricoh Co and its competitors. This is 19% above median its historical median of 0.79. Over the past decade, Ricoh Co's Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.19. According to the industry distribution chart, Ricoh Co ranks #500 out of 2292 companies in the Industrial Products industry, placing it in the top 21.8%.
Is Ricoh Co's Cyclically Adjusted PB Ratio too high?
Ricoh Co's current Cyclically Adjusted PB Ratio of 0.94 is 19% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.19. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.21. Ricoh Co's value of 0.94 is 57.5% below this industry median. Based on the distribution chart, Ricoh Co ranks #500 out of 2292 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ricoh Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ricoh Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Industrial Products industry distribution chart, Ricoh Co ranks #500 out of 2292 companies for Cyclically Adjusted PB Ratio. This places Ricoh Co in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.21. Ricoh Co's value of 0.94 is 57.5% below this benchmark. Historically, Ricoh Co's own Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.19 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 2.21, Ricoh 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.21, based on 2,292 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. Ricoh Co's current Cyclically Adjusted PB Ratio of 0.94 is 57.5% 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 Ricoh Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ricoh Co's current Cyclically Adjusted PB Ratio is 0.94, which is 19% above 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 Ricoh Co stock overvalued right now?
Based on GuruFocus' analysis, Ricoh Co (LSE:RICO) is currently considered Fairly Valued. The stock's GF Value™ is 円1,568.96, compared to a current price of 円1,532.50 — trading 2.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.94, which is 19% above median its 10-year median of 0.79 and 57.5% below the Industrial Products industry median of 2.21. Ricoh Co's overall GF Score™ is 76/100 with 4 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 Ricoh Co (LSE:RICO), the current Cyclically Adjusted PB Ratio is 0.94 as of Jul. 15, 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 Ricoh Co (LSE:RICO) Overvalued in 2026?

Based on GuruFocus' analysis, Ricoh Co stock appears to be undervalued. The current stock price of 円1,532.50 is trading 2.3% below its estimated GF Value™ of 円1,568.96. GuruFocus considers Ricoh Co to be Fairly Valued.

Key valuation signals for LSE:RICO:

  • Cyclically Adjusted PB Ratio: 0.94 (19% above median its 10-year median of 0.79)
  • GF Value™: 円1,568.96 vs. price of 円1,532.50 (2.3% below fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 57.5% below the Industrial Products median (#500 of 2292)

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


Ricoh Co Business Description

Address 3-6, Nakamagome 1-chome, Ohta-ku, Tokyo, JPN, 143-8555
Ricoh Co Ltd is engaged in the manufacture and sale of office automation equipment, electronic devices, and photographic instruments. Digital Products segment manufactures multifunction printers, printing machines, scanners, fax machines, network equipment, auto ID systems, electrical units, and related consumables. Digital Services segment covers sales of printers, PCs, servers, network equipment, software, support, solutions, and document-related services. Graphic Communications segment provides production printers, imaging systems, industrial printers, inkjet heads, and consumables. Industrial Solutions segment offers thermal paper, media, optical components, and precision parts. Others segment includes digital cameras, 360-degree cameras, environmental & healthcare-related businesses.
76GF Score

Get the complete analysis for LSE:RICO

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

円1,532.50
Price
円1,568.96
GF Value