RLDCF (Roland) Cyclically Adjusted PB Ratio: 2.46 (As of Aug. 18, 2026) — 11% Above Median

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.

RLDCF Roland Corp RLDCF
83 GF Score
Price $26.26
GF Value $21.37
! 6 Warning Signs
View Full Analysis

What is Roland Cyclically Adjusted PB Ratio?

Roland RLDCF 83 Cyclically Adjusted PB Ratio is 2.46 as of Aug. 18, 2026, which is 11% above its 10-year median of 2.22. GuruFocus rates RLDCF with a GF Score™ of 83/100 and a GF Value™ of $21.37. The stock has 6 warning signs investors should review. Among 639 Travel & Leisure companies, Roland ranks worse than 72.61% on this metric.

As of today (2026-08-18), Roland's current share price is $26.26. Roland's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $10.69. Roland's Cyclically Adjusted PB Ratio for today is 2.46.

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

RLDCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.71   Med: 2.22   Max: 2.74
Current: 2.56

During the past years, Roland's highest Cyclically Adjusted PB Ratio was 2.74. The lowest was 1.71. And the median was 2.22.

RLDCF's Cyclically Adjusted PB Ratio is ranked worse than
72.61% of 639 companies
in the Travel & Leisure industry
Industry Median: 1.21 vs RLDCF: 2.56

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.

Roland's adjusted book value per share data for the three months ended in Jun. 2026 was $10.236. 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 $10.69 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Roland  (OTCPK:RLDCF) 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.


Roland Cyclically Adjusted PB Ratio Related Terms


Roland Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Roland'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.

Roland Cyclically Adjusted PB Ratio Chart

Roland Annual Data
Trend Mar12 Mar13 Mar14 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 2.44 2.19 2.08

Roland 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 1.81 1.96 2.08 2.27 2.46

RLDCF vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, Roland'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.


Roland Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Roland's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


RLDCF
83GF Score
Roland Corp RLDCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Roland 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.

Roland's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.26/10.69
=2.46

* 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.

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

For example, Roland'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)
=10.236/113.6000*113.6000
=10.236

Current CPI (Jun. 2026) = 113.6000.

Roland Quarterly Data

Book Value per Share CPI Adj_Book
201106 25.649 94.600 30.800
201109 26.562 94.700 31.863
201112 25.017 94.300 30.137
201203 20.929 95.100 25.000
201206 23.949 94.400 28.820
201209 23.416 94.400 28.179
201212 20.538 94.100 24.794
201303 18.578 94.200 22.404
201306 18.751 94.600 22.517
201309 18.936 95.400 22.549
201312 17.685 95.600 21.015
201403 19.246 95.700 22.846
201406 19.763 98.000 22.909
201912 6.066 100.500 6.857
202003 0.000 100.300 0.000
202006 0.000 99.900 0.000
202009 0.000 99.900 0.000
202012 7.098 99.300 8.120
202103 7.943 99.900 9.032
202106 8.787 99.500 10.032
202109 8.694 100.100 9.867
202112 9.086 100.100 10.311
202203 9.103 101.100 10.228
202206 8.942 101.800 9.978
202209 8.256 103.100 9.097
202212 9.130 104.100 9.963
202303 9.076 104.400 9.876
202306 9.611 105.200 10.378
202309 9.466 106.200 10.126
202312 10.093 106.800 10.736
202403 9.879 107.200 10.469
202406 10.532 108.200 11.058
202409 10.514 108.900 10.968
202412 10.915 110.700 11.201
202503 9.685 111.100 9.903
202506 10.444 111.700 10.622
202509 10.300 112.000 10.447
202512 9.990 113.000 10.043
202603 9.816 112.700 9.894
202606 10.236 113.600 10.236

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 2.46 mean?
Roland (RLDCF) has a Cyclically Adjusted PB Ratio of 2.46 as of Aug. 18, 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 Roland and its competitors. This is 11% above median its historical median of 2.22. Over the past decade, Roland's Cyclically Adjusted PB Ratio has ranged from 1.71 to 2.74. According to the industry distribution chart, Roland ranks #464 out of 639 companies in the Travel & Leisure industry, placing it in the top 72.6%.
Is Roland's Cyclically Adjusted PB Ratio too high?
Roland's current Cyclically Adjusted PB Ratio of 2.46 is 11% above median its 10-year median of 2.22. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 2.74. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.21. Roland's value of 2.46 is 103.3% above this industry median. Based on the distribution chart, Roland ranks #464 out of 639 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Roland has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Roland's Cyclically Adjusted PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Roland ranks #464 out of 639 companies for Cyclically Adjusted PB Ratio. This places Roland in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Roland's value of 2.46 is 103.3% above this benchmark. Historically, Roland's own Cyclically Adjusted PB Ratio has ranged from 1.71 to 2.74 over the past decade. While the company's 10-year median is 2.22 vs. the industry median of 1.21, Roland 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.21, based on 639 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. Roland's current Cyclically Adjusted PB Ratio of 2.46 is 103.3% 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 Roland and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Roland's current Cyclically Adjusted PB Ratio is 2.46, which is 11% above median its own 10-year median of 2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Roland stock overvalued right now?
Roland (RLDCF) has a current Cyclically Adjusted PB Ratio of 2.46. The stock's GF Value™ is $21.37, compared to a current price of $26.26 — trading 22.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.46, which is 11% above median its 10-year median of 2.22 and 103.3% above the Travel & Leisure industry median of 1.21. Roland's overall GF Score™ is 83/100 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 Roland (RLDCF), the current Cyclically Adjusted PB Ratio is 2.46 as of Aug. 18, 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 Roland (RLDCF) Overvalued in 2026?

Based on GuruFocus' analysis, Roland stock appears to be overvalued. The current stock price of $26.26 is trading 22.9% above its estimated GF Value™ of $21.37.

Key valuation signals for RLDCF:

  • Cyclically Adjusted PB Ratio: 2.46 (11% above median its 10-year median of 2.22)
  • GF Value™: $21.37 vs. price of $26.26 (22.9% above fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 103.3% above the Travel & Leisure median (#464 of 639)

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


Roland Business Description

Other Exchanges 7944:Japan
Address 1-6-4 Shintoda, Hamana-ku, Shizuoka Prefecture, Hamamatsu, JPN, 431-2103
Roland Corporation is engaged in the development, manufacturing, and sales of electronic musical instruments, electronic equipment, and their software. The company's offerings include pianos, synthesizers, keyboards, guitars and Bass, Drums and Percussion, and Wind Instruments.
83GF Score

Get the complete analysis for RLDCF

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

$26.26
Price
$21.37
GF Value