Kagome Co (NGO:2811) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

NGO:2811 Kagome Co Ltd NGO:2811
83 GF Score
Price 円2,714.00
GF Value 円2,870.90
! 4 Warning Signs
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What is Kagome Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kagome Co  (NGO:2811) 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.


Kagome Co Cyclically Adjusted PB Ratio Related Terms


Kagome Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kagome 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.

Kagome Co Cyclically Adjusted PB Ratio Chart

Kagome 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 2.59 2.47 2.42 2.11 1.80

Kagome Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.99 1.97 1.80 1.86 0.00

NGO:2811 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Kagome 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.


Kagome Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


NGO:2811
83GF Score
Kagome Co Ltd NGO:2811
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kagome 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.

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

For example, Kagome Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2129.349/113.6000*113.6000
=2,129.349

Current CPI (Jun. 2026) = 113.6000.

Kagome Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,102.540 98.000 1,278.046
201612 1,044.349 98.400 1,205.671
201703 1,024.078 98.100 1,185.884
201706 1,068.585 98.500 1,232.399
201709 1,097.587 98.800 1,262.003
201712 1,127.237 99.400 1,288.271
201803 1,100.752 99.200 1,260.539
201806 1,146.060 99.200 1,312.424
201809 1,165.966 99.900 1,325.863
201812 1,130.249 99.700 1,287.826
201903 1,114.641 99.700 1,270.042
201906 1,146.499 99.800 1,305.033
201909 1,248.967 100.100 1,417.409
201912 1,219.472 100.500 1,378.428
202003 1,174.278 100.300 1,329.990
202006 1,221.677 99.900 1,389.214
202009 1,264.551 99.900 1,437.968
202012 1,242.176 99.300 1,421.059
202103 1,251.444 99.900 1,423.063
202106 1,288.672 99.500 1,471.288
202109 1,323.768 100.100 1,502.298
202112 1,328.358 100.100 1,507.507
202203 1,312.672 101.100 1,474.971
202206 1,355.147 101.800 1,512.227
202209 1,399.826 103.100 1,542.388
202212 1,383.501 104.100 1,509.757
202303 1,378.403 104.400 1,499.871
202306 1,481.290 105.200 1,599.568
202309 1,556.292 106.200 1,664.734
202312 1,535.893 106.800 1,633.684
202403 1,692.932 107.200 1,794.003
202406 1,846.193 108.200 1,938.332
202409 1,840.143 108.900 1,919.561
202412 1,983.194 110.700 2,035.148
202503 1,871.138 111.100 1,913.243
202506 1,877.029 111.700 1,908.957
202509 1,966.653 112.000 1,994.748
202512 2,097.097 113.000 2,108.232
202603 2,093.818 112.700 2,110.539
202606 2,129.349 113.600 2,129.349

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 Kagome Co (NGO:2811) Overvalued in 2026?

Based on GuruFocus' analysis, Kagome Co stock appears to be undervalued. The current stock price of 円2,714.00 is trading 5.5% below its estimated GF Value™ of 円2,870.90.

Key valuation signals for NGO:2811:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円2,870.90 vs. price of 円2,714.00 (5.5% below fair value)
  • GF Score™: 83/100 with 4 warning signs

No single metric tells the full story. See the NGO:2811 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kagome Co Business Description

Other Exchanges 2811:Japan
Address 3-14-15 Nishiki, Naka-ku, Aichi Prefecture, Nagoya, JPN, 460-0003
Kagome Co Ltd is a Japan-based company engaged in the manufacture and sale of beverages, seasonings, and processed food products. The company operates through three reportable segments: Domestic Processed Food Business, International Business, and Other. The Domestic Processed Food segment produces and sells beverages and seasonings in Japan, while the International Business segment handles agricultural production, processing, and overseas sales, including tomato-based products. It generates the majority of its revenue from the Domestic Processed Food Business segment.
83GF Score

Get the complete analysis for NGO:2811

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

円2,714.00
Price
円2,870.90
GF Value