JAC Recruitment Co (TSE:2124) Cyclically Adjusted PB Ratio: 10.16 (As of Aug. 19, 2026) — Near 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:2124 JAC Recruitment Co Ltd TSE:2124
92 GF Score
Price 円990.00
GF Value 円828.59
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is JAC Recruitment Co Cyclically Adjusted PB Ratio?

JAC Recruitment Co TSE:2124 -3.60% 92 Cyclically Adjusted PB Ratio is 10.16 as of Aug. 19, 2026, which is 6% above its 10-year median of 9.62. GuruFocus rates TSE:2124 with a GF Score™ of 92/100 and a GF Value™ of 円828.59 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 719 Business Services companies, JAC Recruitment Co ranks worse than 94.99% on this metric.

As of today (2026-08-19), JAC Recruitment Co's current share price is 円990.00. JAC Recruitment Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円97.41. JAC Recruitment Co's Cyclically Adjusted PB Ratio for today is 10.16.

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

TSE:2124' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.3   Med: 9.62   Max: 22.58
Current: 10.67

During the past years, JAC Recruitment Co's highest Cyclically Adjusted PB Ratio was 22.58. The lowest was 5.30. And the median was 9.62.

TSE:2124's Cyclically Adjusted PB Ratio is ranked worse than
94.99% of 719 companies
in the Business Services industry
Industry Median: 1.53 vs TSE:2124: 10.67

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.

JAC Recruitment Co's adjusted book value per share data for the three months ended in Jun. 2026 was 円137.282. 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97.41 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JAC Recruitment Co  (TSE:2124) 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.


JAC Recruitment Co Cyclically Adjusted PB Ratio Related Terms


JAC Recruitment Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JAC Recruitment 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.

JAC Recruitment Co Cyclically Adjusted PB Ratio Chart

JAC Recruitment Co 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 9.38 9.41 8.89 8.48 11.46

JAC Recruitment 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 11.59 12.06 11.46 8.98 8.77

TSE:2124 vs KFY, RHI, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, JAC Recruitment 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.


JAC Recruitment Co Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, JAC Recruitment Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2124
92GF Score
JAC Recruitment Co Ltd TSE:2124
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JAC Recruitment 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.

JAC Recruitment Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=990.00/97.41
=10.16

* 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.

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

For example, JAC Recruitment Co'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)
=137.282/113.6000*113.6000
=137.282

Current CPI (Jun. 2026) = 113.6000.

JAC Recruitment Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 53.373 98.000 61.869
201612 57.513 98.400 66.397
201703 56.707 98.100 65.667
201706 62.339 98.500 71.896
201709 69.651 98.800 80.085
201712 73.396 99.400 83.881
201803 67.438 99.200 77.227
201806 73.624 99.200 84.311
201809 82.219 99.900 93.494
201812 85.704 99.700 97.653
201903 79.660 99.700 90.766
201906 85.052 99.800 96.813
201909 92.313 100.100 104.763
201912 96.887 100.500 109.516
202003 84.470 100.300 95.671
202006 81.020 99.900 92.131
202009 84.561 99.900 96.157
202012 87.323 99.300 99.898
202103 64.785 99.900 73.669
202106 72.076 99.500 82.290
202109 78.201 100.100 88.748
202112 81.564 100.100 92.564
202203 73.752 101.100 82.871
202206 81.234 101.800 90.650
202209 90.883 103.100 100.139
202212 96.475 104.100 105.279
202303 78.175 104.400 85.064
202306 88.279 105.200 95.328
202309 100.208 106.200 107.190
202312 107.899 106.800 114.769
202403 95.906 107.200 101.632
202406 105.437 108.200 110.699
202409 109.433 108.900 114.156
202412 114.423 110.700 117.421
202503 103.902 111.100 106.240
202506 116.343 111.700 118.322
202509 133.774 112.000 135.685
202512 141.058 113.000 141.807
202603 125.357 112.700 126.358
202606 137.282 113.600 137.282

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 10.16 mean?
JAC Recruitment Co (TSE:2124) has a Cyclically Adjusted PB Ratio of 10.16 as of Aug. 19, 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 JAC Recruitment Co and its competitors. This is near median its historical median of 9.62. Over the past decade, JAC Recruitment Co's Cyclically Adjusted PB Ratio has ranged from 5.30 to 22.58. According to the industry distribution chart, JAC Recruitment Co ranks #683 out of 719 companies in the Business Services industry, placing it in the top 95%.
Is JAC Recruitment Co's Cyclically Adjusted PB Ratio too high?
JAC Recruitment Co's current Cyclically Adjusted PB Ratio of 10.16 is near median its 10-year median of 9.62. Over the past 10 years, this metric has ranged from a low of 5.30 to a high of 22.58. The Business Services industry median Cyclically Adjusted PB Ratio is 1.53. JAC Recruitment Co's value of 10.16 is 564.1% above this industry median. Based on the distribution chart, JAC Recruitment Co ranks #683 out of 719 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, JAC Recruitment Co has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JAC Recruitment Co's Cyclically Adjusted PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, JAC Recruitment Co ranks #683 out of 719 companies for Cyclically Adjusted PB Ratio. This places JAC Recruitment Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. JAC Recruitment Co's value of 10.16 is 564.1% above this benchmark. Historically, JAC Recruitment Co's own Cyclically Adjusted PB Ratio has ranged from 5.30 to 22.58 over the past decade. While the company's 10-year median is 9.62 vs. the industry median of 1.53, JAC Recruitment 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.53, based on 719 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. JAC Recruitment Co's current Cyclically Adjusted PB Ratio of 10.16 is 564.1% 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 JAC Recruitment Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JAC Recruitment Co's current Cyclically Adjusted PB Ratio is 10.16, which is near median its own 10-year median of 9.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JAC Recruitment Co stock overvalued right now?
Based on GuruFocus' analysis, JAC Recruitment Co (TSE:2124) is currently considered Modestly Overvalued. The stock's GF Value™ is 円828.59, compared to a current price of 円990.00 — trading 19.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 10.16, which is near median its 10-year median of 9.62 and 564.1% above the Business Services industry median of 1.53. JAC Recruitment Co's overall GF Score™ is 92/100 with 2 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 JAC Recruitment Co (TSE:2124), the current Cyclically Adjusted PB Ratio is 10.16 as of Aug. 19, 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 JAC Recruitment Co (TSE:2124) Overvalued in 2026?

Based on GuruFocus' analysis, JAC Recruitment Co stock appears to be overvalued. The current stock price of 円990.00 is trading 19.5% above its estimated GF Value™ of 円828.59. GuruFocus considers JAC Recruitment Co to be Modestly Overvalued.

Key valuation signals for TSE:2124:

  • Cyclically Adjusted PB Ratio: 10.16 (near median its 10-year median of 9.62)
  • GF Value™: 円828.59 vs. price of 円990.00 (19.5% above fair value)
  • GF Score™: 92/100 with 2 warning signs
  • Industry Position: 564.1% above the Business Services median (#683 of 719)

No single metric tells the full story. See the TSE:2124 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JAC Recruitment Co Business Description

Address 1-105 Kanda Jimbocho, Chiyoda-ku, 14th Floor Jinbocho Mitsui Building, Tokyo, JPN, 101-0051
JAC Recruitment Co Ltd provide appropriate and attentive consultation services to both companies seeking talent and candidates who wish to change jobs. Its recruitment services include JAC Recruitment, JAC Digital, JAC Executive, JAC International, JAC Career, VantagePoint, JAC Interim Professional Solutions, JAC RPO, and CareerCross.
92GF Score

Get the complete analysis for TSE:2124

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

円990.00
Price
円828.59
GF Value