Alpha Co (NGO:4760) Cyclically Adjusted PB Ratio: (As of Sep. 08, 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.
Reviewed by: Charlie Tian Charlie Tian
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:4760 Alpha Co Ltd NGO:4760
52 GF Score
Price 円1,538.00
GF Value 円1,696.77
Valuation Fairly Valued
! 3 Warning Signs
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What is Alpha Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alpha Co  (NGO:4760) 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.


Alpha Co Cyclically Adjusted PB Ratio Related Terms


Alpha Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alpha 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.

Alpha Co Cyclically Adjusted PB Ratio Chart

Alpha Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.49 0.43 0.62 0.77

Alpha Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.57 0.77 0.60 0.62 0.00

NGO:4760 vs APP, OMC, TTD: Cyclically Adjusted PB Ratio Comparison

For the Advertising Agencies subindustry, Alpha 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.


Alpha Co Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Alpha Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NGO:4760
52GF Score
Alpha Co Ltd NGO:4760
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alpha 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.

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

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

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=1840.729/112.2000*112.2000
=1,840.729

Current CPI (Feb. 2026) = 112.2000.

Alpha Co Quarterly Data

Book Value per Share CPI Adj_Book
201602 3,374.029 97.800 3,870.819
201605 3,395.532 98.200 3,879.620
201608 2,921.251 97.900 3,347.951
201611 2,984.558 98.600 3,396.221
201702 3,042.850 98.100 3,480.202
201705 3,117.557 98.600 3,547.565
201708 3,204.002 98.500 3,649.635
201711 3,254.143 99.100 3,684.307
201802 3,285.194 99.500 3,704.510
201805 3,275.912 99.300 3,701.484
201808 3,262.506 99.800 3,667.867
201811 3,283.649 100.000 3,684.254
201902 3,267.224 99.700 3,676.856
201905 3,276.934 100.000 3,676.720
201908 2,922.286 100.000 3,278.805
201911 2,902.310 100.500 3,240.191
202002 2,534.045 100.300 2,834.694
202005 2,443.881 100.100 2,739.295
202008 2,390.102 100.100 2,679.015
202011 2,471.743 99.500 2,787.232
202102 2,528.260 99.800 2,842.393
202105 2,457.509 99.400 2,773.969
202108 1,722.965 99.700 1,938.984
202111 1,734.045 100.100 1,943.655
202202 1,716.068 100.700 1,912.044
202205 1,592.266 101.800 1,754.934
202208 1,410.995 102.700 1,541.515
202211 1,361.898 103.900 1,470.693
202302 1,217.850 104.000 1,313.873
202305 1,049.167 105.100 1,120.043
202308 1,217.927 105.900 1,290.382
202311 1,294.333 106.900 1,358.505
202402 1,285.272 106.900 1,348.995
202405 1,291.104 108.100 1,340.073
202408 1,720.774 109.100 1,769.669
202502 1,663.670 110.800 1,684.691
202505 1,627.745 111.800 1,633.569
202508 1,894.400 112.100 1,896.090
202511 1,836.095 113.200 1,819.875
202602 1,840.729 112.200 1,840.729

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 Alpha Co (NGO:4760) Overvalued in 2026?

Based on GuruFocus' analysis, Alpha Co stock appears to be undervalued. The current stock price of 円1,538.00 is trading 9.4% below its estimated GF Value™ of 円1,696.77. GuruFocus considers Alpha Co to be Fairly Valued.

Key valuation signals for NGO:4760:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円1,696.77 vs. price of 円1,538.00 (9.4% below fair value)
  • GF Score™: 52/100 with 3 warning signs

No single metric tells the full story. See the NGO:4760 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alpha Co Business Description

Other Exchanges 4760:Japan
Address Kuwano 709-6, Naka Ward, Okayama, JPN
Alpha Co Ltd is engaged in planning, production, and sales of promotional items. The business activities of the company includes Planning, production and sales of promotional items, as well as planning, editing and sales of information.
52GF Score

Get the complete analysis for NGO:4760

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

円1,538.00
Price
円1,696.77
GF Value