SRXXF (SPARX Group Co) Cyclically Adjusted PB Ratio: 3.39 (As of Sep. 03, 2026) — Near Median

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SRXXF SPARX Group Co Ltd SRXXF
79 GF Score
Price $12.77
GF Value $11.95
Valuation Fairly Valued
! 6 Warning Signs
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What is SPARX Group Co Cyclically Adjusted PB Ratio?

SPARX Group Co SRXXF 79 Cyclically Adjusted PB Ratio is 3.39 as of Sep. 03, 2026, which is 3% above its 10-year median of 3.28. GuruFocus rates SRXXF with a GF Score™ of 79/100 and a GF Value™ of $11.95 (Fairly Valued). The stock has 6 warning signs investors should review. Among 972 Asset Management companies, SPARX Group Co ranks worse than 92.08% on this metric.

As of today (2026-09-03), SPARX Group Co's current share price is $12.774. SPARX Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $3.77. SPARX Group Co's Cyclically Adjusted PB Ratio for today is 3.39.

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

SRXXF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.22   Med: 3.28   Max: 4.91
Current: 4.09

During the past years, SPARX Group Co's highest Cyclically Adjusted PB Ratio was 4.91. The lowest was 2.22. And the median was 3.28.

SRXXF's Cyclically Adjusted PB Ratio is ranked worse than
92.08% of 972 companies
in the Asset Management industry
Industry Median: 0.85 vs SRXXF: 4.09

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.

SPARX Group Co's adjusted book value per share data for the three months ended in Mar. 2026 was $6.251. 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 $3.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SPARX Group Co  (OTCPK:SRXXF) 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.


SPARX Group Co Cyclically Adjusted PB Ratio Related Terms


SPARX Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SPARX Group 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.

SPARX Group Co Cyclically Adjusted PB Ratio Chart

SPARX Group Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.37 3.16 3.64 2.57 2.92

SPARX Group 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 2.48 2.62 2.57 2.92 0.00

SRXXF vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, SPARX Group 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.


SPARX Group Co Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, SPARX Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SRXXF
79GF Score
SPARX Group Co Ltd SRXXF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SPARX Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.774/3.77
=3.39

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=6.251/112.7000*112.7000
=6.251

Current CPI (Mar. 2026) = 112.7000.

SPARX Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.004 98.100 3.451
201609 3.234 98.000 3.719
201612 3.170 98.400 3.631
201703 3.428 98.100 3.938
201706 3.343 98.500 3.825
201709 3.587 98.800 4.092
201712 4.075 99.400 4.620
201803 4.570 99.200 5.192
201806 4.255 99.200 4.834
201809 4.330 99.900 4.885
201812 4.238 99.700 4.791
201903 4.585 99.700 5.183
201906 4.362 99.800 4.926
201909 4.457 100.100 5.018
201912 4.680 100.500 5.248
202003 4.587 100.300 5.154
202006 4.406 99.900 4.971
202009 4.781 99.900 5.394
202012 5.291 99.300 6.005
202103 5.357 99.900 6.043
202106 5.033 99.500 5.701
202109 5.195 100.100 5.849
202112 5.299 100.100 5.966
202203 5.143 101.100 5.733
202206 4.310 101.800 4.771
202209 4.215 103.100 4.607
202212 4.474 104.100 4.844
202303 4.902 104.400 5.292
202306 4.846 105.200 5.191
202309 4.861 106.200 5.159
202312 5.112 106.800 5.394
202403 5.302 107.200 5.574
202406 4.936 108.200 5.141
202409 5.541 108.900 5.734
202412 5.345 110.700 5.442
202503 5.673 111.100 5.755
202506 5.749 111.700 5.800
202509 5.945 112.000 5.982
202512 6.012 113.000 5.996
202603 6.251 112.700 6.251

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 3.39 mean?
SPARX Group Co (SRXXF) has a Cyclically Adjusted PB Ratio of 3.39 as of Sep. 03, 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 SPARX Group Co and its competitors. This is near median its historical median of 3.28. Over the past decade, SPARX Group Co's Cyclically Adjusted PB Ratio has ranged from 2.22 to 4.91. According to the industry distribution chart, SPARX Group Co ranks #895 out of 972 companies in the Asset Management industry, placing it in the top 92.1%.
Is SPARX Group Co's Cyclically Adjusted PB Ratio too high?
SPARX Group Co's current Cyclically Adjusted PB Ratio of 3.39 is near median its 10-year median of 3.28. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 4.91. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. SPARX Group Co's value of 3.39 is 298.8% above this industry median. Based on the distribution chart, SPARX Group Co ranks #895 out of 972 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, SPARX Group Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SPARX Group Co's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, SPARX Group Co ranks #895 out of 972 companies for Cyclically Adjusted PB Ratio. This places SPARX Group Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. SPARX Group Co's value of 3.39 is 298.8% above this benchmark. Historically, SPARX Group Co's own Cyclically Adjusted PB Ratio has ranged from 2.22 to 4.91 over the past decade. While the company's 10-year median is 3.28 vs. the industry median of 0.85, SPARX Group 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 972 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. SPARX Group Co's current Cyclically Adjusted PB Ratio of 3.39 is 298.8% 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 SPARX Group Co and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPARX Group Co's current Cyclically Adjusted PB Ratio is 3.39, which is near median its own 10-year median of 3.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPARX Group Co stock overvalued right now?
Based on GuruFocus' analysis, SPARX Group Co (SRXXF) is currently considered Fairly Valued. The stock's GF Value™ is $11.95, compared to a current price of $12.77 — trading 6.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.39, which is near median its 10-year median of 3.28 and 298.8% above the Asset Management industry median of 0.85. SPARX Group Co's overall GF Score™ is 79/100 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 SPARX Group Co (SRXXF), the current Cyclically Adjusted PB Ratio is 3.39 as of Sep. 03, 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 SPARX Group Co (SRXXF) Overvalued in 2026?

Based on GuruFocus' analysis, SPARX Group Co stock appears to be overvalued. The current stock price of $12.77 is trading 6.9% above its estimated GF Value™ of $11.95. GuruFocus considers SPARX Group Co to be Fairly Valued.

Key valuation signals for SRXXF:

  • Cyclically Adjusted PB Ratio: 3.39 (near median its 10-year median of 3.28)
  • GF Value™: $11.95 vs. price of $12.77 (6.9% above fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 298.8% above the Asset Management median (#895 of 972)

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


SPARX Group Co Business Description

Other Exchanges 8739:Japan
Address 1-2-70 Konan, Shinagawa Season Terrace, 6th Floor, Minato-ku, Tokyo, JPN, 108 0075
SPARX Group Co Ltd is a Japan-based holding company engaged in the Asset Management Business and Investment Advisory Business, through its subsidiaries. It operates a variety of investment strategies through a host of entities. The group invests on behalf of corporate pension annuities, government entities, private and trust banks, and public pension funds. Strategies include Japanese equity, Asia ex-Japan alternatives, and Korean strategies. In addition to mutual fund offerings, the company offers advisory services to customers in Japan. Mutual fund offerings are offered directly or through brokerage houses, banks, and other intermediaries globally.
79GF Score

Get the complete analysis for SRXXF

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

$12.77
Price
$11.95
GF Value