Meiji Holdings Co (STU:3M0) Cyclically Adjusted PB Ratio: 1.70 (As of Aug. 08, 2026) — 18% Below Median

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STU:3M0 Meiji Holdings Co Ltd STU:3M0
75 GF Score
Price €22.60
GF Value €21.04
Valuation Fairly Valued
! 8 Warning Signs
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What is Meiji Holdings Co Cyclically Adjusted PB Ratio?

Meiji Holdings Co STU:3M0 +4.63% 75 Cyclically Adjusted PB Ratio is 1.70 as of Aug. 08, 2026, which is 18% below its 10-year median of 2.07. GuruFocus rates STU:3M0 with a GF Score™ of 75/100 and a GF Value™ of €21.04 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,413 Consumer Packaged Goods companies, Meiji Holdings Co ranks worse than 57.11% on this metric.

As of today (2026-08-08), Meiji Holdings Co's current share price is €22.60. Meiji Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €13.27. Meiji Holdings Co's Cyclically Adjusted PB Ratio for today is 1.70.

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

STU:3M0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.28   Med: 2.07   Max: 4.33
Current: 1.69

During the past years, Meiji Holdings Co's highest Cyclically Adjusted PB Ratio was 4.33. The lowest was 1.28. And the median was 2.07.

STU:3M0's Cyclically Adjusted PB Ratio is ranked worse than
57.11% of 1413 companies
in the Consumer Packaged Goods industry
Industry Median: 1.24 vs STU:3M0: 1.69

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.

Meiji Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was €15.535. 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 €13.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meiji Holdings Co  (STU:3M0) 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.


Meiji Holdings Co Cyclically Adjusted PB Ratio Related Terms


Meiji Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Meiji Holdings 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.

Meiji Holdings Co Cyclically Adjusted PB Ratio Chart

Meiji Holdings 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 2.05 1.75 1.70 1.47 1.63

Meiji Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.47 1.41 1.34 1.49 1.63

STU:3M0 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Meiji Holdings 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.


Meiji Holdings Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Meiji Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:3M0
75GF Score
Meiji Holdings Co Ltd STU:3M0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Meiji Holdings 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.

Meiji Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.60/13.27
=1.70

* 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.

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

For example, Meiji Holdings 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)
=15.535/112.7000*112.7000
=15.535

Current CPI (Mar. 2026) = 112.7000.

Meiji Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.793 98.100 13.548
201609 12.279 98.000 14.121
201612 12.066 98.400 13.819
201703 12.689 98.100 14.577
201706 12.349 98.500 14.129
201709 12.056 98.800 13.752
201712 12.386 99.400 14.043
201803 12.851 99.200 14.600
201806 13.268 99.200 15.074
201809 13.720 99.900 15.478
201812 14.278 99.700 16.140
201903 14.475 99.700 16.362
201906 14.925 99.800 16.854
201909 15.896 100.100 17.897
201912 15.842 100.500 17.765
202003 16.303 100.300 18.319
202006 16.068 99.900 18.127
202009 16.186 99.900 18.260
202012 16.236 99.300 18.427
202103 16.548 99.900 18.668
202106 16.310 99.500 18.474
202109 17.476 100.100 19.676
202112 17.773 100.100 20.010
202203 18.307 101.100 20.408
202206 17.213 101.800 19.056
202209 17.941 103.100 19.612
202212 17.760 104.100 19.227
202303 17.844 104.400 19.263
202306 17.113 105.200 18.333
202309 17.144 106.200 18.193
202312 17.145 106.800 18.092
202403 16.425 107.200 17.268
202406 15.968 108.200 16.632
202409 17.025 108.900 17.619
202412 17.027 110.700 17.335
202503 17.142 111.100 17.389
202506 16.437 111.700 16.584
202509 15.920 112.000 16.020
202512 15.428 113.000 15.387
202603 15.535 112.700 15.535

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 1.70 mean?
Meiji Holdings Co (STU:3M0) has a Cyclically Adjusted PB Ratio of 1.70 as of Aug. 08, 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 Meiji Holdings Co and its competitors. This is 18% below median its historical median of 2.07. Over the past decade, Meiji Holdings Co's Cyclically Adjusted PB Ratio has ranged from 1.28 to 4.33. According to the industry distribution chart, Meiji Holdings Co ranks #807 out of 1413 companies in the Consumer Packaged Goods industry, placing it in the top 57.1%.
Is Meiji Holdings Co's Cyclically Adjusted PB Ratio too high?
Meiji Holdings Co's current Cyclically Adjusted PB Ratio of 1.70 is 18% below median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 4.33. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.24. Meiji Holdings Co's value of 1.70 is 37.1% above this industry median. Based on the distribution chart, Meiji Holdings Co ranks #807 out of 1413 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Meiji Holdings Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meiji Holdings Co's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Meiji Holdings Co ranks #807 out of 1413 companies for Cyclically Adjusted PB Ratio. This places Meiji Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Meiji Holdings Co's value of 1.70 is 37.1% above this benchmark. Historically, Meiji Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 1.28 to 4.33 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 1.24, Meiji Holdings 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 a Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.24, based on 1,413 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. Meiji Holdings Co's current Cyclically Adjusted PB Ratio of 1.70 is 37.1% 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 Meiji Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiji Holdings Co's current Cyclically Adjusted PB Ratio is 1.70, which is 18% below median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Holdings Co (STU:3M0) is currently considered Fairly Valued. The stock's GF Value™ is €21.04, compared to a current price of €22.60 — trading 7.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.70, which is 18% below median its 10-year median of 2.07 and 37.1% above the Consumer Packaged Goods industry median of 1.24. Meiji Holdings Co's overall GF Score™ is 75/100 with 8 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 Meiji Holdings Co (STU:3M0), the current Cyclically Adjusted PB Ratio is 1.70 as of Aug. 08, 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 Meiji Holdings Co (STU:3M0) Overvalued in 2026?

Based on GuruFocus' analysis, Meiji Holdings Co stock appears to be overvalued. The current stock price of €22.60 is trading 7.4% above its estimated GF Value™ of €21.04. GuruFocus considers Meiji Holdings Co to be Fairly Valued.

Key valuation signals for STU:3M0:

  • Cyclically Adjusted PB Ratio: 1.70 (18% below median its 10-year median of 2.07)
  • GF Value™: €21.04 vs. price of €22.60 (7.4% above fair value)
  • GF Score™: 75/100 with 8 warning signs
  • Industry Position: 37.1% above the Consumer Packaged Goods median (#807 of 1413)

No single metric tells the full story. See the STU:3M0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meiji Holdings Co Business Description

Other Exchanges MEJHY:USA2269:Japan
Address 2-4-16 Kyobashi, Chuo-ku, Tokyo, JPN, 104-0031
Meiji Holdings was established in 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. A surge in commodity prices, Japan's aging and shrinking population, and fierce competition propelled the amalgamation. The food business—dairy, cacao, nutrition, and food solutions—represents about 80% of the group's sales and 70% of profits. The rest comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Overseas food operations, mainly in China, the US, and Southeast Asia, constitute merely 6.5% of the group's sales, which are in the red due to a surge in investment in China's new factories and fierce price competition initiated by Chinese dairymakers.
75GF Score

Get the complete analysis for STU:3M0

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

€22.60
Price
€21.04
GF Value