Open Up Group (TSE:2154) Cyclically Adjusted PB Ratio: 3.41 (As of Jul. 29, 2026) — 40% Below Median

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TSE:2154 Open Up Group Inc TSE:2154
71 GF Score
Price 円2,052.00
GF Value 円1,912.55
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Open Up Group Cyclically Adjusted PB Ratio?

Open Up Group TSE:2154 +0.59% 71 Cyclically Adjusted PB Ratio is 3.41 as of Jul. 29, 2026, which is 40% below its 10-year median of 5.71. GuruFocus rates TSE:2154 with a GF Score™ of 71/100 and a GF Value™ of 円1,912.55 (Fairly Valued). The stock has 3 warning signs investors should review. Among 728 Business Services companies, Open Up Group ranks worse than 77.06% on this metric.

As of today (2026-07-29), Open Up Group's current share price is 円2052.00. Open Up Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円601.13. Open Up Group's Cyclically Adjusted PB Ratio for today is 3.41.

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

TSE:2154' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.66   Med: 5.71   Max: 21.65
Current: 3.34

During the past years, Open Up Group's highest Cyclically Adjusted PB Ratio was 21.65. The lowest was 2.66. And the median was 5.71.

TSE:2154's Cyclically Adjusted PB Ratio is ranked worse than
77.06% of 728 companies
in the Business Services industry
Industry Median: 1.56 vs TSE:2154: 3.34

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.

Open Up Group's adjusted book value per share data for the three months ended in Mar. 2026 was 円917.407. 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601.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Open Up Group  (TSE:2154) 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.


Open Up Group Cyclically Adjusted PB Ratio Related Terms


Open Up Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Open Up Group'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.

Open Up Group Cyclically Adjusted PB Ratio Chart

Open Up Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.27 5.08 5.68 4.43 3.17

Open Up Group 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 3.65 3.17 3.25 3.16 2.96

TSE:2154 vs KFY, RHI, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, Open Up Group'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.


Open Up Group Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Open Up Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Open Up Group's Cyclically Adjusted PB Ratio falls into.


TSE:2154
71GF Score
Open Up Group Inc TSE:2154
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Open Up Group 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.

Open Up Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2052.00/601.13
=3.41

* 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.

Open Up Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Open Up Group'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)
=917.407/112.7000*112.7000
=917.407

Current CPI (Mar. 2026) = 112.7000.

Open Up Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 137.513 98.100 157.979
201609 132.617 98.000 152.510
201612 143.878 98.400 164.787
201703 154.070 98.100 177.000
201706 169.789 98.500 194.266
201709 172.335 98.800 196.581
201712 212.551 99.400 240.991
201803 259.126 99.200 294.390
201806 320.695 99.200 364.338
201809 313.912 99.900 354.133
201812 350.080 99.700 395.727
201903 349.939 99.700 395.568
201906 364.327 99.800 411.419
201909 356.966 100.100 401.899
201912 377.389 100.500 423.201
202003 354.940 100.300 398.821
202006 299.137 99.900 337.465
202009 328.176 99.900 370.225
202012 359.386 99.300 407.883
202103 368.970 99.900 416.245
202106 715.799 99.500 810.759
202109 1,028.382 100.100 1,157.829
202112 1,036.420 100.100 1,166.878
202203 1,026.227 101.100 1,143.974
202206 714.258 101.800 790.736
202209 711.183 103.100 777.404
202212 727.389 104.100 787.481
202303 730.817 104.400 788.918
202306 748.298 105.200 801.646
202309 743.238 106.200 788.728
202312 784.529 106.800 827.869
202403 797.639 107.200 838.563
202406 843.149 108.200 878.215
202409 825.552 108.900 854.359
202412 867.549 110.700 883.223
202503 862.647 111.100 875.070
202506 907.015 111.700 915.135
202509 868.936 112.000 874.367
202512 913.438 113.000 911.013
202603 917.407 112.700 917.407

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 3.41 mean?
Open Up Group (TSE:2154) has a Cyclically Adjusted PB Ratio of 3.41 as of Jul. 29, 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 Open Up Group and its competitors. This is 40% below median its historical median of 5.71. Over the past decade, Open Up Group's Cyclically Adjusted PB Ratio has ranged from 2.66 to 21.65. According to the industry distribution chart, Open Up Group ranks #561 out of 728 companies in the Business Services industry, placing it in the top 77.1%.
Is Open Up Group's Cyclically Adjusted PB Ratio too high?
Open Up Group's current Cyclically Adjusted PB Ratio of 3.41 is 40% below median its 10-year median of 5.71. Over the past 10 years, this metric has ranged from a low of 2.66 to a high of 21.65. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. Open Up Group's value of 3.41 is 118.6% above this industry median. Based on the distribution chart, Open Up Group ranks #561 out of 728 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Open Up Group has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Open Up Group's Cyclically Adjusted PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, Open Up Group ranks #561 out of 728 companies for Cyclically Adjusted PB Ratio. This places Open Up Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. Open Up Group's value of 3.41 is 118.6% above this benchmark. Historically, Open Up Group's own Cyclically Adjusted PB Ratio has ranged from 2.66 to 21.65 over the past decade. While the company's 10-year median is 5.71 vs. the industry median of 1.56, Open Up Group 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 1.56, based on 728 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. Open Up Group's current Cyclically Adjusted PB Ratio of 3.41 is 118.6% 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 Open Up Group and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Open Up Group's current Cyclically Adjusted PB Ratio is 3.41, which is 40% below median its own 10-year median of 5.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Open Up Group stock overvalued right now?
Based on GuruFocus' analysis, Open Up Group (TSE:2154) is currently considered Fairly Valued. The stock's GF Value™ is 円1,912.55, compared to a current price of 円2,052.00 — trading 7.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.41, which is 40% below median its 10-year median of 5.71 and 118.6% above the Business Services industry median of 1.56. Open Up Group's overall GF Score™ is 71/100 with 3 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 Open Up Group (TSE:2154), the current Cyclically Adjusted PB Ratio is 3.41 as of Jul. 29, 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 Open Up Group (TSE:2154) Overvalued in 2026?

Based on GuruFocus' analysis, Open Up Group stock appears to be overvalued. The current stock price of 円2,052.00 is trading 7.3% above its estimated GF Value™ of 円1,912.55. GuruFocus considers Open Up Group to be Fairly Valued.

Key valuation signals for TSE:2154:

  • Cyclically Adjusted PB Ratio: 3.41 (40% below median its 10-year median of 5.71)
  • GF Value™: 円1,912.55 vs. price of 円2,052.00 (7.3% above fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 118.6% above the Business Services median (#561 of 728)

No single metric tells the full story. See the TSE:2154 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Open Up Group Business Description

Address 2-14-1 Higashi Shimbashi, NBF Commodio Shiodome, Minato-ku, Tokyo, JPN, 105-0021
Open Up Group Inc provides human resource services and outsourcing or contracting services for manufacturing companies in Japan and overseas. The business segments of the company include: Mechatronics/IT field: it includes workers dispatching, contracting, consignment business such as development design engineers. Construction area segment includes construction management engineer business / CAD operator dispatch business for customers in construction industry. Manufacturing Area segment includes manufacturing site contracting and dispatch business for customers in manufacturing industry Temporary staffing, outsourcing and referral business for technology and manufacturing fields.
71GF Score

Get the complete analysis for TSE:2154

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

円2,052.00
Price
円1,912.55
GF Value