MIOFF (Milbon Co) Cyclically Adjusted PB Ratio: 1.91 (As of Jul. 13, 2026) — 68% Below Median


MIOFF Milbon Co Ltd MIOFF
71 GF Score
Price $52.60
GF Value $68.08
! 4 Warning Signs
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What is Milbon Co Cyclically Adjusted PB Ratio?

Milbon Co MIOFF 71 Cyclically Adjusted PB Ratio is 1.91 as of Jul. 13, 2026, which is 68% below its 10-year median of 5.96. GuruFocus rates MIOFF with a GF Score™ of 71/100 and a GF Value™ of $68.08. The stock has 4 warning signs investors should review. Among 1,445 Consumer Packaged Goods companies, Milbon Co ranks worse than 69% on this metric.

As of today (2026-07-13), Milbon Co's current share price is $52.60. Milbon Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $27.52. Milbon Co's Cyclically Adjusted PB Ratio for today is 1.91.

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

MIOFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.86   Med: 5.96   Max: 8.62
Current: 2.18

During the past years, Milbon Co's highest Cyclically Adjusted PB Ratio was 8.62. The lowest was 1.86. And the median was 5.96.

MIOFF's Cyclically Adjusted PB Ratio is ranked worse than
69% of 1445 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs MIOFF: 2.18

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.

Milbon Co's adjusted book value per share data for the three months ended in Dec. 2025 was $9.901. 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 $27.52 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Milbon Co  (OTCPK:MIOFF) 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.


Milbon Co Cyclically Adjusted PB Ratio Related Terms


Milbon Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Milbon 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.

Milbon Co Cyclically Adjusted PB Ratio Chart

Milbon Co 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 6.42 5.77 3.41 2.95 1.91

Milbon 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 2.47 1.97 1.99 1.91 0.00

MIOFF vs PG, CL, KVUE: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, Milbon 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.


Milbon Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Milbon Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MIOFF
71GF Score
Milbon Co Ltd MIOFF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Milbon 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=52.60/27.52
=1.91

* 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.

Milbon Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Milbon Co'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)
=9.901/113.0000*113.0000
=9.901

Current CPI (Dec. 2025) = 113.0000.

Milbon Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 7.033 97.900 8.118
201606 7.759 98.100 8.937
201609 8.039 98.000 9.269
201612 7.295 98.400 8.377
201703 7.543 98.100 8.689
201706 8.031 98.500 9.213
201709 8.193 98.800 9.371
201712 8.411 99.400 9.562
201803 9.035 99.200 10.292
201806 9.013 99.200 10.267
201809 8.953 99.900 10.127
201812 9.025 99.700 10.229
201903 9.137 99.700 10.356
201906 9.629 99.800 10.903
201909 9.824 100.100 11.090
201912 10.046 100.500 11.296
202003 9.430 100.300 10.624
202006 9.707 99.900 10.980
202009 9.961 99.900 11.267
202012 10.763 99.300 12.248
202103 10.398 99.900 11.762
202106 10.701 99.500 12.153
202109 10.690 100.100 12.068
202112 10.862 100.100 12.262
202203 10.571 101.100 11.815
202206 9.899 101.800 10.988
202209 9.308 103.100 10.202
202212 10.025 104.100 10.882
202303 10.014 104.400 10.839
202306 9.864 105.200 10.595
202309 9.223 106.200 9.814
202312 9.804 106.800 10.373
202403 9.357 107.200 9.863
202406 9.298 108.200 9.710
202409 10.029 108.900 10.407
202412 9.747 110.700 9.950
202503 9.680 111.100 9.846
202506 10.083 111.700 10.200
202509 9.819 112.000 9.907
202512 9.901 113.000 9.901

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 1.91 mean?
Milbon Co (MIOFF) has a Cyclically Adjusted PB Ratio of 1.91 as of Jul. 13, 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 Milbon Co and its competitors. This is 68% below median its historical median of 5.96. Over the past decade, Milbon Co's Cyclically Adjusted PB Ratio has ranged from 1.86 to 8.62. According to the industry distribution chart, Milbon Co ranks #997 out of 1445 companies in the Consumer Packaged Goods industry, placing it in the top 69%.
Is Milbon Co's Cyclically Adjusted PB Ratio too high?
Milbon Co's current Cyclically Adjusted PB Ratio of 1.91 is 68% below median its 10-year median of 5.96. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 8.62. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Milbon Co's value of 1.91 is 52.8% above this industry median. Based on the distribution chart, Milbon Co ranks #997 out of 1445 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Milbon Co has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Milbon Co's Cyclically Adjusted PB Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Milbon Co ranks #997 out of 1445 companies for Cyclically Adjusted PB Ratio. This places Milbon Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Milbon Co's value of 1.91 is 52.8% above this benchmark. Historically, Milbon Co's own Cyclically Adjusted PB Ratio has ranged from 1.86 to 8.62 over the past decade. While the company's 10-year median is 5.96 vs. the industry median of 1.25, Milbon Co 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,445 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. Milbon Co's current Cyclically Adjusted PB Ratio of 1.91 is 52.8% 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 Milbon Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Milbon Co's current Cyclically Adjusted PB Ratio is 1.91, which is 68% below median its own 10-year median of 5.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milbon Co stock overvalued right now?
Milbon Co (MIOFF) has a current Cyclically Adjusted PB Ratio of 1.91. The stock's GF Value™ is $68.08, compared to a current price of $52.60 — trading 22.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.91, which is 68% below median its 10-year median of 5.96 and 52.8% above the Consumer Packaged Goods industry median of 1.25. Milbon Co's overall GF Score™ is 71/100 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 Milbon Co (MIOFF), the current Cyclically Adjusted PB Ratio is 1.91 as of Jul. 13, 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 Milbon Co (MIOFF) Overvalued in 2026?

Based on GuruFocus' analysis, Milbon Co stock appears to be undervalued. The current stock price of $52.60 is trading 22.7% below its estimated GF Value™ of $68.08.

Key valuation signals for MIOFF:

  • Cyclically Adjusted PB Ratio: 1.91 (68% below median its 10-year median of 5.96)
  • GF Value™: $68.08 vs. price of $52.60 (22.7% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 52.8% above the Consumer Packaged Goods median (#997 of 1445)

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


Milbon Co Business Description

Other Exchanges 4919:Japan
Address Research Institute 2-3-35, Zengenji-cho, Miyakojima-ku, Osaka, JPN, 534-0015
Milbon Co Ltd is a Japan-based company that is principally engaged in producing and selling hair care products. Its products consist of hair-coloring products, hair-styling products, shampoos, conditioners, permanent-wave products, scalp lotion, hair treatments, tools for permanent waves, and other. Hair-care products and hair-coloring products jointly contribute the majority of the company's total revenue. The company operates through a global network, including Japan, Mainland China, Korea, Hong Kong, Taiwan, Thailand, Vietnam, Philippines, Malaysia, Indonesia, Turkey, and the United States.
71GF Score

Get the complete analysis for MIOFF

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

$52.60
Price
$68.08
GF Value