Sapporo Breweries (SSE:2501) Cyclically Adjusted PB Ratio: 4.01 (As of Aug. 14, 2026) — 155% Above Median

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SSE:2501 Sapporo Breweries Ltd SSE:2501
64 GF Score
Price 円1,666.00
GF Value 円1,184.64
! 7 Warning Signs
View Full Analysis

What is Sapporo Breweries Cyclically Adjusted PB Ratio?

Sapporo Breweries SSE:2501 64 Cyclically Adjusted PB Ratio is 4.01 as of Aug. 14, 2026, which is 155% above its 10-year median of 1.57. GuruFocus rates SSE:2501 with a GF Score™ of 64/100 and a GF Value™ of 円1,184.64. The stock has 7 warning signs investors should review. Among 163 Beverages - Alcoholic companies, Sapporo Breweries ranks worse than 84.05% on this metric.

As of today (2026-08-14), Sapporo Breweries's current share price is 円1666.00. Sapporo Breweries's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円415.77. Sapporo Breweries's Cyclically Adjusted PB Ratio for today is 4.01.

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

SSE:2501' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.57   Max: 4.3
Current: 3.96

During the past years, Sapporo Breweries's highest Cyclically Adjusted PB Ratio was 4.30. The lowest was 0.88. And the median was 1.57.

SSE:2501's Cyclically Adjusted PB Ratio is ranked worse than
84.05% of 163 companies
in the Beverages - Alcoholic industry
Industry Median: 1.42 vs SSE:2501: 3.96

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.

Sapporo Breweries's adjusted book value per share data for the three months ended in Jun. 2026 was 円1,315.327. 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 円415.77 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sapporo Breweries  (SSE:2501) 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.


Sapporo Breweries Cyclically Adjusted PB Ratio Related Terms


Sapporo Breweries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sapporo Breweries'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.

Sapporo Breweries Cyclically Adjusted PB Ratio Chart

Sapporo Breweries 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 1.09 1.55 2.84 3.59 3.52

Sapporo Breweries 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 3.16 3.13 3.52 3.56 4.01

SSE:2501 vs STZ, TAP: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Brewers subindustry, Sapporo Breweries'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.


Sapporo Breweries Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Sapporo Breweries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SSE:2501
64GF Score
Sapporo Breweries Ltd SSE:2501
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sapporo Breweries 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.

Sapporo Breweries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1666.00/415.77
=4.01

* 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.

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

For example, Sapporo Breweries'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)
=1315.327/113.6000*113.6000
=1,315.327

Current CPI (Jun. 2026) = 113.6000.

Sapporo Breweries Quarterly Data

Book Value per Share CPI Adj_Book
201609 405.194 98.000 469.694
201612 412.564 98.400 476.293
201703 395.588 98.100 458.092
201706 411.612 98.500 474.712
201709 428.221 98.800 492.367
201712 441.772 99.400 504.882
201803 401.724 99.200 460.039
201806 407.360 99.200 466.493
201809 431.134 99.900 490.258
201812 414.710 99.700 472.528
201903 419.802 99.700 478.330
201906 419.099 99.800 477.051
201909 435.469 100.100 494.199
201912 446.931 100.500 505.188
202003 391.028 100.300 442.879
202006 400.703 99.900 455.654
202009 417.712 99.900 474.996
202012 384.561 99.300 439.941
202103 374.570 99.900 425.937
202106 412.995 99.500 471.520
202109 428.305 100.100 486.068
202112 417.396 100.100 473.688
202203 409.034 101.100 459.607
202206 424.297 101.800 473.479
202209 444.067 103.100 489.292
202212 426.292 104.100 465.195
202303 415.522 104.400 452.139
202306 437.473 105.200 472.404
202309 461.669 106.200 493.838
202312 468.082 106.800 497.885
202403 480.631 107.200 509.325
202406 521.968 108.200 548.018
202409 512.143 108.900 534.247
202412 503.135 110.700 516.316
202503 472.746 111.100 483.384
202506 495.160 111.700 503.583
202509 531.672 112.000 539.267
202512 561.412 113.000 564.393
202603 551.308 112.700 555.711
202606 1,315.327 113.600 1,315.327

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 4.01 mean?
Sapporo Breweries (SSE:2501) has a Cyclically Adjusted PB Ratio of 4.01 as of Aug. 14, 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 Sapporo Breweries and its competitors. This is 155% above median its historical median of 1.57. Over the past decade, Sapporo Breweries' Cyclically Adjusted PB Ratio has ranged from 0.88 to 4.30. According to the industry distribution chart, Sapporo Breweries ranks #137 out of 163 companies in the Beverages - Alcoholic industry, placing it in the top 84%.
Is Sapporo Breweries' Cyclically Adjusted PB Ratio too high?
Sapporo Breweries' current Cyclically Adjusted PB Ratio of 4.01 is 155% above median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 4.30. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.42. Sapporo Breweries' value of 4.01 is 182.4% above this industry median. Based on the distribution chart, Sapporo Breweries ranks #137 out of 163 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Sapporo Breweries has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Sapporo Breweries' Cyclically Adjusted PB Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Sapporo Breweries ranks #137 out of 163 companies for Cyclically Adjusted PB Ratio. This places Sapporo Breweries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.42. Sapporo Breweries' value of 4.01 is 182.4% above this benchmark. Historically, Sapporo Breweries' own Cyclically Adjusted PB Ratio has ranged from 0.88 to 4.30 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 1.42, Sapporo Breweries 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.42, based on 163 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. Sapporo Breweries's current Cyclically Adjusted PB Ratio of 4.01 is 182.4% 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 Sapporo Breweries and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sapporo Breweries's current Cyclically Adjusted PB Ratio is 4.01, which is 155% above median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sapporo Breweries stock overvalued right now?
Sapporo Breweries (SSE:2501) has a current Cyclically Adjusted PB Ratio of 4.01. The stock's GF Value™ is 円1,184.64, compared to a current price of 円1,666.00 — trading 40.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.01, which is 155% above median its 10-year median of 1.57 and 182.4% above the Beverages - Alcoholic industry median of 1.42. Sapporo Breweries' overall GF Score™ is 64/100 with 7 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 Sapporo Breweries (SSE:2501), the current Cyclically Adjusted PB Ratio is 4.01 as of Aug. 14, 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 Sapporo Breweries (SSE:2501) Overvalued in 2026?

Based on GuruFocus' analysis, Sapporo Breweries stock appears to be overvalued. The current stock price of 円1,666.00 is trading 40.6% above its estimated GF Value™ of 円1,184.64.

Key valuation signals for SSE:2501:

  • Cyclically Adjusted PB Ratio: 4.01 (155% above median its 10-year median of 1.57)
  • GF Value™: 円1,184.64 vs. price of 円1,666.00 (40.6% above fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 182.4% above the Beverages - Alcoholic median (#137 of 163)

No single metric tells the full story. See the SSE:2501 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sapporo Breweries Business Description

Address 4-20-1 Ebisu, Shibuya-ku, Tokyo, JPN, 150-8522
Sapporo Holdings Ltd is a Japan-based company engaged in producing and supplying alcoholic drinks as well as food products and related services. The company operates through three main segments: Alcoholic Beverages, Food and Beverages, and Real Estate. The Alcoholic Beverages segment handles production and sales of alcoholic drinks along with restaurant operations. The Food and Beverages segment covers the manufacturing and distribution of food items and bottled water. The Real Estate segment is engaged in property leasing activities. It generates the majority of its revenue from the Alcoholic Beverages segment.
64GF Score

Get the complete analysis for SSE:2501

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

円1,666.00
Price
円1,184.64
GF Value