Yakult Honsha Co (STU:YKH) Cyclically Adjusted PB Ratio: 1.83 (As of Aug. 25, 2026) — 42% Below Median

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STU:YKH Yakult Honsha Co Ltd STU:YKH
79 GF Score
Price €15.60
GF Value €16.13
! 6 Warning Signs
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What is Yakult Honsha Co Cyclically Adjusted PB Ratio?

Yakult Honsha Co STU:YKH -1.27% 79 Cyclically Adjusted PB Ratio is 1.83 as of Aug. 25, 2026, which is 42% below its 10-year median of 3.17. GuruFocus rates STU:YKH with a GF Score™ of 79/100 and a GF Value™ of €16.13. The stock has 6 warning signs investors should review. Among 85 Beverages - Non-Alcoholic companies, Yakult Honsha Co ranks better than 56.47% on this metric.

As of today (2026-08-25), Yakult Honsha Co's current share price is €15.60. Yakult Honsha Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €8.54. Yakult Honsha Co's Cyclically Adjusted PB Ratio for today is 1.83.

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

STU:YKH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.55   Med: 3.17   Max: 5.76
Current: 1.94

During the past years, Yakult Honsha Co's highest Cyclically Adjusted PB Ratio was 5.76. The lowest was 1.55. And the median was 3.17.

STU:YKH's Cyclically Adjusted PB Ratio is ranked better than
56.47% of 85 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.32 vs STU:YKH: 1.94

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.

Yakult Honsha Co's adjusted book value per share data for the three months ended in Mar. 2026 was €11.313. 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 €8.54 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yakult Honsha Co  (STU:YKH) 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.


Yakult Honsha Co Cyclically Adjusted PB Ratio Related Terms


Yakult Honsha Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Yakult Honsha 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.

Yakult Honsha Co Cyclically Adjusted PB Ratio Chart

Yakult Honsha 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 3.08 4.10 2.42 1.99 1.73

Yakult Honsha 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 1.86 1.63 1.62 1.73 0.00

STU:YKH vs KO, PEP, MNST: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, Yakult Honsha 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.


Yakult Honsha Co Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

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

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


STU:YKH
79GF Score
Yakult Honsha Co Ltd STU:YKH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Yakult Honsha 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.

Yakult Honsha Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.60/8.54
=1.83

* 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.

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

For example, Yakult Honsha 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)
=11.313/112.7000*112.7000
=11.313

Current CPI (Mar. 2026) = 112.7000.

Yakult Honsha Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.248 98.100 9.476
201609 8.256 98.000 9.494
201612 7.946 98.400 9.101
201703 8.600 98.100 9.880
201706 8.517 98.500 9.745
201709 8.373 98.800 9.551
201712 8.748 99.400 9.919
201803 8.391 99.200 9.533
201806 8.536 99.200 9.698
201809 8.544 99.900 9.639
201812 8.823 99.700 9.973
201903 8.877 99.700 10.034
201906 9.139 99.800 10.320
201909 9.498 100.100 10.694
201912 9.501 100.500 10.654
202003 9.795 100.300 11.006
202006 9.412 99.900 10.618
202009 9.565 99.900 10.791
202012 9.684 99.300 10.991
202103 9.752 99.900 11.002
202106 9.887 99.500 11.199
202109 10.555 100.100 11.884
202112 10.803 100.100 12.163
202203 10.769 101.100 12.005
202206 10.307 101.800 11.411
202209 11.172 103.100 12.212
202212 11.436 104.100 12.381
202303 11.163 104.400 12.050
202306 10.819 105.200 11.590
202309 11.353 106.200 12.048
202312 11.549 106.800 12.187
202403 11.127 107.200 11.698
202406 11.119 108.200 11.581
202409 12.395 108.900 12.828
202412 11.687 110.700 11.898
202503 11.948 111.100 12.120
202506 11.170 111.700 11.270
202509 11.042 112.000 11.111
202512 10.820 113.000 10.791
202603 11.313 112.700 11.313

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 1.83 mean?
Yakult Honsha Co (STU:YKH) has a Cyclically Adjusted PB Ratio of 1.83 as of Aug. 25, 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 Yakult Honsha Co and its competitors. This is 42% below median its historical median of 3.17. Over the past decade, Yakult Honsha Co's Cyclically Adjusted PB Ratio has ranged from 1.55 to 5.76. According to the industry distribution chart, Yakult Honsha Co ranks #37 out of 85 companies in the Beverages - Non-Alcoholic industry, placing it in the top 43.5%.
Is Yakult Honsha Co's Cyclically Adjusted PB Ratio too high?
Yakult Honsha Co's current Cyclically Adjusted PB Ratio of 1.83 is 42% below median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 5.76. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PB Ratio is 2.32. Yakult Honsha Co's value of 1.83 is 21.1% below this industry median. Based on the distribution chart, Yakult Honsha Co ranks #37 out of 85 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Yakult Honsha Co has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Yakult Honsha Co's Cyclically Adjusted PB Ratio compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Yakult Honsha Co ranks #37 out of 85 companies for Cyclically Adjusted PB Ratio. This puts Yakult Honsha Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.32. Yakult Honsha Co's value of 1.83 is 21.1% below this benchmark. Historically, Yakult Honsha Co's own Cyclically Adjusted PB Ratio has ranged from 1.55 to 5.76 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 2.32, Yakult Honsha Co has consistently been below 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 - Non-Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Non-Alcoholic companies is 2.32, based on 85 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. Yakult Honsha Co's current Cyclically Adjusted PB Ratio of 1.83 is 21.1% below 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 Yakult Honsha Co and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yakult Honsha Co's current Cyclically Adjusted PB Ratio is 1.83, which is 42% below median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yakult Honsha Co stock overvalued right now?
Yakult Honsha Co (STU:YKH) has a current Cyclically Adjusted PB Ratio of 1.83. The stock's GF Value™ is €16.13, compared to a current price of €15.60 — trading 3.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.83, which is 42% below median its 10-year median of 3.17 and 21.1% below the Beverages - Non-Alcoholic industry median of 2.32. Yakult Honsha 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 Yakult Honsha Co (STU:YKH), the current Cyclically Adjusted PB Ratio is 1.83 as of Aug. 25, 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 Yakult Honsha Co (STU:YKH) Overvalued in 2026?

Based on GuruFocus' analysis, Yakult Honsha Co stock appears to be undervalued. The current stock price of €15.60 is trading 3.3% below its estimated GF Value™ of €16.13.

Key valuation signals for STU:YKH:

  • Cyclically Adjusted PB Ratio: 1.83 (42% below median its 10-year median of 3.17)
  • GF Value™: €16.13 vs. price of €15.60 (3.3% below fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 21.1% below the Beverages - Non-Alcoholic median (#37 of 85)

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


Yakult Honsha Co Business Description

Other Exchanges YKLTY:USA2267:Japan
Address 1-10-30 Kaigan, Minato-ku, Tokyo, JPN, 105-8660
Yakult Honsha is a pioneer in probiotics. It launched the probiotic drink Yakult in 1935 after Minoru Shirota's discovery of Lactobacillus casei Shirota, a strain of lactic acid bacteria, which proved to be able to live in the intestines, in 1930. It operates in 40 countries across four continents, selling mainly Yakult probiotic drinks. Apart from the retail outlets, the home delivery channel, served by a team of 83,000 Yakult Ladies globally, contributes about 45% of its probiotic drink volume. Overseas markets contribute 40% of group sales and profits. Yakult has built a meaningful presence in populated emerging markets, including China, Indonesia, Mexico, and Brazil. It plans to step up expansion in the US with a new factory in Georgia, which will triple its US production capacity.
79GF Score

Get the complete analysis for STU:YKH

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

€15.60
Price
€16.13
GF Value