Wellneo Sugar Co (TSE:2117) Cyclically Adjusted PB Ratio: 1.10 (As of Aug. 04, 2026) — 21% 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.

TSE:2117 Wellneo Sugar Co Ltd TSE:2117
80 GF Score
Price 円2,691.00
GF Value 円2,974.12
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Wellneo Sugar Co Cyclically Adjusted PB Ratio?

Wellneo Sugar Co TSE:2117 -1.64% 80 Cyclically Adjusted PB Ratio is 1.10 as of Aug. 04, 2026, which is 21% above its 10-year median of 0.91. GuruFocus rates TSE:2117 with a GF Score™ of 80/100 and a GF Value™ of 円2,974.12 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,425 Consumer Packaged Goods companies, Wellneo Sugar Co ranks better than 54.32% on this metric.

As of today (2026-08-04), Wellneo Sugar Co's current share price is 円2691.00. Wellneo Sugar Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,452.37. Wellneo Sugar Co's Cyclically Adjusted PB Ratio for today is 1.10.

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

TSE:2117' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 0.91   Max: 1.23
Current: 1.11

During the past years, Wellneo Sugar Co's highest Cyclically Adjusted PB Ratio was 1.23. The lowest was 0.71. And the median was 0.91.

TSE:2117's Cyclically Adjusted PB Ratio is ranked better than
54.32% of 1425 companies
in the Consumer Packaged Goods industry
Industry Median: 1.24 vs TSE:2117: 1.11

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.

Wellneo Sugar Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,357.952. 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2,452.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wellneo Sugar Co  (TSE:2117) 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.


Wellneo Sugar Co Cyclically Adjusted PB Ratio Related Terms


Wellneo Sugar Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Wellneo Sugar 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.

Wellneo Sugar Co Cyclically Adjusted PB Ratio Chart

Wellneo Sugar 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 0.75 0.72 0.99 0.96 1.17

Wellneo Sugar Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.96 0.92 1.06 1.15 1.17

TSE:2117 vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Wellneo Sugar 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.


Wellneo Sugar Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2117
80GF Score
Wellneo Sugar Co Ltd TSE:2117
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wellneo Sugar 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.

Wellneo Sugar Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2691.00/2452.37
=1.10

* 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.

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

For example, Wellneo Sugar 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)
=2357.952/112.7000*112.7000
=2,357.952

Current CPI (Mar. 2026) = 112.7000.

Wellneo Sugar Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 2,235.949 97.900 2,573.968
201606 2,204.746 98.100 2,532.873
201609 2,234.908 98.000 2,570.144
201612 2,249.264 98.400 2,576.139
201703 2,273.053 98.100 2,611.346
201706 2,273.053 98.500 2,600.742
201709 2,291.214 98.800 2,613.561
201712 2,291.576 99.400 2,598.195
201803 2,149.683 99.200 2,442.231
201806 2,299.774 99.200 2,612.747
201809 2,329.303 99.900 2,627.752
201812 2,307.699 99.700 2,608.603
201903 2,182.209 99.700 2,466.750
201906 2,308.257 99.800 2,606.619
201909 2,334.798 100.100 2,628.689
201912 2,314.915 100.500 2,595.930
202003 2,175.778 100.300 2,444.768
202006 2,155.895 99.900 2,432.126
202009 2,163.640 99.900 2,440.863
202012 2,157.299 99.300 2,448.415
202103 2,197.809 99.900 2,479.410
202106 2,188.256 99.500 2,478.557
202109 2,207.950 100.100 2,485.874
202112 2,205.460 100.100 2,483.070
202203 2,213.251 101.100 2,467.195
202206 2,198.135 101.800 2,433.495
202209 2,200.760 103.100 2,405.680
202212 2,187.636 104.100 2,368.363
202303 2,083.697 104.400 2,249.355
202306 2,113.550 105.200 2,264.231
202309 2,150.911 106.200 2,282.558
202312 2,155.745 106.800 2,274.836
202403 2,170.212 107.200 2,281.557
202406 2,166.275 108.200 2,256.370
202409 2,216.847 108.900 2,294.203
202503 2,247.808 111.100 2,280.180
202506 2,242.412 111.700 2,262.487
202509 2,313.787 112.000 2,328.248
202512 2,334.779 113.000 2,328.580
202603 2,357.952 112.700 2,357.952

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 1.10 mean?
Wellneo Sugar Co (TSE:2117) has a Cyclically Adjusted PB Ratio of 1.10 as of Aug. 04, 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 Wellneo Sugar Co and its competitors. This is 21% above median its historical median of 0.91. Over the past decade, Wellneo Sugar Co's Cyclically Adjusted PB Ratio has ranged from 0.71 to 1.23. According to the industry distribution chart, Wellneo Sugar Co ranks #651 out of 1425 companies in the Consumer Packaged Goods industry, placing it in the top 45.7%.
Is Wellneo Sugar Co's Cyclically Adjusted PB Ratio too high?
Wellneo Sugar Co's current Cyclically Adjusted PB Ratio of 1.10 is 21% above median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 1.23. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.24. Wellneo Sugar Co's value of 1.10 is 11.3% below this industry median. Based on the distribution chart, Wellneo Sugar Co ranks #651 out of 1425 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Wellneo Sugar Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wellneo Sugar Co's Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Wellneo Sugar Co ranks #651 out of 1425 companies for Cyclically Adjusted PB Ratio. This puts Wellneo Sugar Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Wellneo Sugar Co's value of 1.10 is 11.3% below this benchmark. Historically, Wellneo Sugar Co's own Cyclically Adjusted PB Ratio has ranged from 0.71 to 1.23 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 1.24, Wellneo Sugar 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.24, based on 1,425 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. Wellneo Sugar Co's current Cyclically Adjusted PB Ratio of 1.10 is 11.3% 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 Wellneo Sugar 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. Wellneo Sugar Co's current Cyclically Adjusted PB Ratio is 1.10, which is 21% above median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wellneo Sugar Co stock overvalued right now?
Based on GuruFocus' analysis, Wellneo Sugar Co (TSE:2117) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,974.12, compared to a current price of 円2,691.00 — trading 9.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.10, which is 21% above median its 10-year median of 0.91 and 11.3% below the Consumer Packaged Goods industry median of 1.24. Wellneo Sugar Co's overall GF Score™ is 80/100 with 1 warning sign 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 Wellneo Sugar Co (TSE:2117), the current Cyclically Adjusted PB Ratio is 1.10 as of Aug. 04, 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 Wellneo Sugar Co (TSE:2117) Overvalued in 2026?

Based on GuruFocus' analysis, Wellneo Sugar Co stock appears to be undervalued. The current stock price of 円2,691.00 is trading 9.5% below its estimated GF Value™ of 円2,974.12. GuruFocus considers Wellneo Sugar Co to be Modestly Undervalued.

Key valuation signals for TSE:2117:

  • Cyclically Adjusted PB Ratio: 1.10 (21% above median its 10-year median of 0.91)
  • GF Value™: 円2,974.12 vs. price of 円2,691.00 (9.5% below fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 11.3% below the Consumer Packaged Goods median (#651 of 1425)

No single metric tells the full story. See the TSE:2117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wellneo Sugar Co Business Description

Address 14-1 Nihonbashi Koami-cho, Chuo-ku, Tokyo, JPN, 103-0016
Wellneo Sugar Co Ltd is a manufacturer and seller of sugar. Its business activities are Sugar and other foodstuffs, manufacturing and sale of sugar processed goods and Warehousing business. The company is also involved in health-care and sports club management businesses.
80GF Score

Get the complete analysis for TSE:2117

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

円2,691.00
Price
円2,974.12
GF Value