MDNDF (McDonald's Holdings Co (Japan)) Cyclically Adjusted PB Ratio: 4.32 (As of Jul. 09, 2026) — Near Median


MDNDF McDonald's Holdings Co (Japan) Ltd MDNDF
74 GF Score
Price $42.00
GF Value $35.83
! 6 Warning Signs
View Full Analysis

What is McDonald's Holdings Co (Japan) Cyclically Adjusted PB Ratio?

McDonald's Holdings Co (Japan) MDNDF 74 Cyclically Adjusted PB Ratio is 4.32 as of Jul. 09, 2026, which is 5% below its 10-year median of 4.53. GuruFocus rates MDNDF with a GF Score™ of 74/100 and a GF Value™ of $35.83. The stock has 6 warning signs investors should review. Among 254 Restaurants companies, McDonald's Holdings Co (Japan) ranks worse than 85.04% on this metric.

As of today (2026-07-09), McDonald's Holdings Co (Japan)'s current share price is $42.00. McDonald's Holdings Co (Japan)'s Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $9.72. McDonald's Holdings Co (Japan)'s Cyclically Adjusted PB Ratio for today is 4.32.

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

MDNDF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.97   Med: 4.53   Max: 5.7
Current: 5.18

During the past years, McDonald's Holdings Co (Japan)'s highest Cyclically Adjusted PB Ratio was 5.70. The lowest was 3.97. And the median was 4.53.

MDNDF's Cyclically Adjusted PB Ratio is ranked worse than
85.04% of 254 companies
in the Restaurants industry
Industry Median: 1.785 vs MDNDF: 5.18

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.

McDonald's Holdings Co (Japan)'s adjusted book value per share data for the three months ended in Dec. 2025 was $13.529. 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 $9.72 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


McDonald's Holdings Co (Japan)  (OTCPK:MDNDF) 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.


McDonald's Holdings Co (Japan) Cyclically Adjusted PB Ratio Related Terms


McDonald's Holdings Co (Japan) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for McDonald's Holdings Co (Japan)'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.

McDonald's Holdings Co (Japan) Cyclically Adjusted PB Ratio Chart

McDonald's Holdings Co (Japan) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.45 4.15 4.86 4.59 4.32

McDonald's Holdings Co (Japan) 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 4.16 4.24 4.32 4.32 0.00

MDNDF vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, McDonald's Holdings Co (Japan)'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.


McDonald's Holdings Co (Japan) Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, McDonald's Holdings Co (Japan)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where McDonald's Holdings Co (Japan)'s Cyclically Adjusted PB Ratio falls into.


MDNDF
74GF Score
McDonald's Holdings Co (Japan) Ltd MDNDF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

McDonald's Holdings Co (Japan) 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.

McDonald's Holdings Co (Japan)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=42.00/9.72
=4.32

* 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.

McDonald's Holdings Co (Japan)'s Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, McDonald's Holdings Co (Japan)'s adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=13.529/113.0000*113.0000
=13.529

Current CPI (Dec. 2025) = 113.0000.

McDonald's Holdings Co (Japan) Quarterly Data

Book Value per Share CPI Adj_Book
201603 6.957 97.900 8.030
201606 7.476 98.100 8.611
201609 7.958 98.000 9.176
201612 7.132 98.400 8.190
201703 7.560 98.100 8.708
201706 7.899 98.500 9.062
201709 8.221 98.800 9.403
201712 8.637 99.400 9.819
201803 9.452 99.200 10.767
201806 9.434 99.200 10.746
201809 9.731 99.900 11.007
201812 9.802 99.700 11.110
201903 10.000 99.700 11.334
201906 10.583 99.800 11.983
201909 10.889 100.100 12.292
201912 10.981 100.500 12.347
202003 11.150 100.300 12.562
202006 11.472 99.900 12.976
202009 12.180 99.900 13.777
202012 12.687 99.300 14.437
202103 12.185 99.900 13.783
202106 12.377 99.500 14.056
202109 12.850 100.100 14.506
202112 12.833 100.100 14.487
202203 12.231 101.100 13.671
202206 11.101 101.800 12.322
202209 10.682 103.100 11.708
202212 11.524 104.100 12.509
202303 11.637 104.400 12.596
202306 11.327 105.200 12.167
202309 11.273 106.200 11.995
202312 11.841 106.800 12.528
202403 11.437 107.200 12.056
202406 11.243 108.200 11.742
202409 12.907 108.900 13.393
202412 12.373 110.700 12.630
202503 12.824 111.100 13.043
202506 13.707 111.700 13.867
202509 13.912 112.000 14.036
202512 13.529 113.000 13.529

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 4.32 mean?
McDonald's Holdings Co (Japan) (MDNDF) has a Cyclically Adjusted PB Ratio of 4.32 as of Jul. 09, 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 McDonald's Holdings Co (Japan) and its competitors. This is near median its historical median of 4.53. Over the past decade, McDonald's Holdings Co (Japan)'s Cyclically Adjusted PB Ratio has ranged from 3.97 to 5.70. According to the industry distribution chart, McDonald's Holdings Co (Japan) ranks #216 out of 254 companies in the Restaurants industry, placing it in the top 85%.
Is McDonald's Holdings Co (Japan)'s Cyclically Adjusted PB Ratio too high?
McDonald's Holdings Co (Japan)'s current Cyclically Adjusted PB Ratio of 4.32 is near median its 10-year median of 4.53. Over the past 10 years, this metric has ranged from a low of 3.97 to a high of 5.70. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.79. McDonald's Holdings Co (Japan)'s value of 4.32 is 142% above this industry median. Based on the distribution chart, McDonald's Holdings Co (Japan) ranks #216 out of 254 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, McDonald's Holdings Co (Japan) has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does McDonald's Holdings Co (Japan)'s Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, McDonald's Holdings Co (Japan) ranks #216 out of 254 companies for Cyclically Adjusted PB Ratio. This places McDonald's Holdings Co (Japan) in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. McDonald's Holdings Co (Japan)'s value of 4.32 is 142% above this benchmark. Historically, McDonald's Holdings Co (Japan)'s own Cyclically Adjusted PB Ratio has ranged from 3.97 to 5.70 over the past decade. While the company's 10-year median is 4.53 vs. the industry median of 1.79, McDonald's Holdings Co (Japan) has consistently been above 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.79, based on 254 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. McDonald's Holdings Co (Japan)'s current Cyclically Adjusted PB Ratio of 4.32 is 142% above 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 McDonald's Holdings Co (Japan) and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McDonald's Holdings Co (Japan)'s current Cyclically Adjusted PB Ratio is 4.32, which is near median its own 10-year median of 4.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McDonald's Holdings Co (Japan) stock overvalued right now?
McDonald's Holdings Co (Japan) (MDNDF) has a current Cyclically Adjusted PB Ratio of 4.32. The stock's GF Value™ is $35.83, compared to a current price of $42.00 — trading 17.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.32, which is near median its 10-year median of 4.53 and 142% above the Restaurants industry median of 1.79. McDonald's Holdings Co (Japan)'s overall GF Score™ is 74/100 with 6 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 McDonald's Holdings Co (Japan) (MDNDF), the current Cyclically Adjusted PB Ratio is 4.32 as of Jul. 09, 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 McDonald's Holdings Co (Japan) (MDNDF) Overvalued in 2026?

Based on GuruFocus' analysis, McDonald's Holdings Co (Japan) stock appears to be overvalued. The current stock price of $42.00 is trading 17.2% above its estimated GF Value™ of $35.83.

Key valuation signals for MDNDF:

  • Cyclically Adjusted PB Ratio: 4.32 (near median its 10-year median of 4.53)
  • GF Value™: $35.83 vs. price of $42.00 (17.2% above fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 142% above the Restaurants median (#216 of 254)

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


McDonald's Holdings Co (Japan) Business Description

Other Exchanges 2702:JapanMJ8:Germany
Address 6-5-1 Nishi-Shinjuku, Shinjuku Island Tower, Shinjuku-ku, Tokyo, JPN, 163-1339
McDonald's Holdings Co (Japan) Ltd has a license to operate McDonald's fast-food restaurants in Japan. It is engaged in the operation and management of hamburger restaurant chains under the McDonald's brand. The company pays royalties for licensed rights and, in Japan, provides sub-licenses for its know-how and trademarks to franchisees operating its franchise restaurants, from whom it earns royalty income.
74GF Score

Get the complete analysis for MDNDF

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

$42.00
Price
$35.83
GF Value