Cross Plus (NGO:3320) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:3320 Cross Plus Inc NGO:3320
61 GF Score
Price 円1,170.00
GF Value 円997.62
! 3 Warning Signs
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What is Cross Plus Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cross Plus  (NGO:3320) 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.


Cross Plus Cyclically Adjusted PB Ratio Related Terms


Cross Plus Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cross Plus'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.

Cross Plus Cyclically Adjusted PB Ratio Chart

Cross Plus Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.57 0.66 0.61 0.57

Cross Plus Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 0.60 0.59 0.58 0.57 0.56

NGO:3320 vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Cross Plus'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.


Cross Plus Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cross Plus's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NGO:3320
61GF Score
Cross Plus Inc NGO:3320
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cross Plus 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.

Cross Plus's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Cross Plus's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=2591.677/114.2000*114.2000
=2,591.677

Current CPI (Jul. 2026) = 114.2000.

Cross Plus Quarterly Data

Book Value per Share CPI Adj_Book
201610 1,343.187 98.600 1,555.699
201701 1,488.462 98.200 1,730.981
201704 1,521.123 98.500 1,763.576
201707 1,507.064 98.300 1,750.831
201710 1,615.570 98.800 1,867.390
201801 1,610.104 99.500 1,847.979
201804 1,644.815 99.100 1,895.438
201807 1,620.324 99.200 1,865.333
201810 1,679.203 100.200 1,913.822
201901 1,609.396 99.700 1,843.461
201904 1,633.652 100.000 1,865.631
201907 1,584.416 99.800 1,813.029
201910 1,726.123 100.400 1,963.379
202001 1,691.890 100.500 1,922.526
202004 1,564.111 100.200 1,782.649
202007 1,673.076 100.000 1,910.653
202010 1,926.990 99.800 2,205.033
202101 2,025.992 99.800 2,318.320
202104 2,077.402 99.100 2,393.939
202107 2,033.355 99.700 2,329.079
202110 1,993.809 99.900 2,279.209
202201 1,747.532 100.300 1,989.712
202204 1,802.215 101.500 2,027.714
202207 1,835.488 102.300 2,049.000
202210 1,824.728 103.700 2,009.488
202301 1,699.679 104.700 1,853.900
202304 1,872.604 105.100 2,034.742
202307 1,991.820 105.700 2,151.995
202310 2,098.728 107.100 2,237.859
202401 2,105.932 106.900 2,249.742
202404 2,198.314 107.700 2,330.988
202407 2,159.803 108.600 2,271.174
202410 2,244.976 109.500 2,341.336
202501 2,289.986 111.200 2,351.766
202504 2,275.523 111.500 2,330.625
202507 2,457.554 111.900 2,508.067
202510 2,635.141 112.800 2,667.847
202601 2,619.938 112.900 2,650.106
202604 2,584.959 113.000 2,612.410
202607 2,591.677 114.200 2,591.677

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 Cross Plus (NGO:3320) Overvalued in 2026?

Based on GuruFocus' analysis, Cross Plus stock appears to be overvalued. The current stock price of 円1,170.00 is trading 17.3% above its estimated GF Value™ of 円997.62.

Key valuation signals for NGO:3320:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円997.62 vs. price of 円1,170.00 (17.3% above fair value)
  • GF Score™: 61/100 with 3 warning signs

No single metric tells the full story. See the NGO:3320 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cross Plus Business Description

Other Exchanges 3320:Japan
Address 3-9-13, Hananoki, Nishiku, Nagoya, JPN, 451-8560
Cross Plus Inc is an apparel manufacturing company based in Japan. It is engaged in the planning, manufacturing and selling of women's apparel, clothing accessories and operating SPA. The company primarily serves widespread business partners such as mass merchandising stores, speciality shop and department stores nationwide.
61GF Score

Get the complete analysis for NGO:3320

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

円1,170.00
Price
円997.62
GF Value