Bourbon (TSE:2208) Cyclically Adjusted PB Ratio: 1.35 (As of Aug. 17, 2026) — 14% Above Median

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TSE:2208 Bourbon Corp TSE:2208
65 GF Score
Price 円3,160.00
GF Value 円2,699.80
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Bourbon Cyclically Adjusted PB Ratio?

Bourbon TSE:2208 +0.16% 65 Cyclically Adjusted PB Ratio is 1.35 as of Aug. 17, 2026, which is 14% above its 10-year median of 1.18. GuruFocus rates TSE:2208 with a GF Score™ of 65/100 and a GF Value™ of 円2,699.80 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,386 Consumer Packaged Goods companies, Bourbon ranks worse than 52.67% on this metric.

As of today (2026-08-17), Bourbon's current share price is 円3160.00. Bourbon's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円2,334.80. Bourbon's Cyclically Adjusted PB Ratio for today is 1.35.

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

TSE:2208' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1   Med: 1.18   Max: 2.08
Current: 1.35

During the past years, Bourbon's highest Cyclically Adjusted PB Ratio was 2.08. The lowest was 1.00. And the median was 1.18.

TSE:2208's Cyclically Adjusted PB Ratio is ranked worse than
52.67% of 1386 companies
in the Consumer Packaged Goods industry
Industry Median: 1.28 vs TSE:2208: 1.35

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.

Bourbon's adjusted book value per share data for the three months ended in Jun. 2026 was 円2,815.854. 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2,334.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bourbon  (TSE:2208) 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.


Bourbon Cyclically Adjusted PB Ratio Related Terms


Bourbon Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bourbon'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.

Bourbon Cyclically Adjusted PB Ratio Chart

Bourbon 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 1.27 1.13 1.19 1.17 1.41

Bourbon 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 1.18 1.13 1.15 1.41 1.34

TSE:2208 vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Bourbon'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.


Bourbon Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2208
65GF Score
Bourbon Corp TSE:2208
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bourbon 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.

Bourbon's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3160.00/2334.80
=1.35

* 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.

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

For example, Bourbon'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)
=2815.854/113.6000*113.6000
=2,815.854

Current CPI (Jun. 2026) = 113.6000.

Bourbon Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,579.605 98.000 1,831.052
201612 1,661.935 98.400 1,918.657
201703 1,694.610 98.100 1,962.362
201706 1,727.034 98.500 1,991.787
201709 1,731.738 98.800 1,991.148
201712 1,789.303 99.400 2,044.918
201803 1,830.836 99.200 2,096.603
201806 1,865.801 99.200 2,136.643
201809 1,868.590 99.900 2,124.843
201812 1,893.273 99.700 2,157.230
201903 1,927.614 99.700 2,196.359
201906 1,923.077 99.800 2,188.993
201909 1,910.256 100.100 2,167.883
201912 1,955.711 100.500 2,210.635
202003 1,984.058 100.300 2,247.148
202006 2,005.911 99.900 2,280.996
202009 2,004.412 99.900 2,279.291
202012 2,055.778 99.300 2,351.827
202103 2,104.645 99.900 2,393.270
202106 2,117.965 99.500 2,418.099
202109 2,131.161 100.100 2,418.580
202112 2,159.923 100.100 2,451.221
202203 2,197.219 101.100 2,468.883
202206 2,203.588 101.800 2,459.014
202209 2,180.528 103.100 2,402.599
202212 2,190.060 104.100 2,389.921
202303 2,228.605 104.400 2,424.995
202306 2,240.343 105.200 2,419.230
202309 2,237.845 106.200 2,393.778
202312 2,275.849 106.800 2,420.753
202403 2,349.026 107.200 2,489.266
202406 2,381.951 108.200 2,500.828
202409 2,394.855 108.900 2,498.214
202412 2,456.298 110.700 2,520.645
202503 2,543.578 111.100 2,600.814
202506 2,571.937 111.700 2,615.685
202509 2,590.055 112.000 2,627.056
202512 2,668.308 113.000 2,682.476
202603 2,780.324 112.700 2,802.527
202606 2,815.854 113.600 2,815.854

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 1.35 mean?
Bourbon (TSE:2208) has a Cyclically Adjusted PB Ratio of 1.35 as of Aug. 17, 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 Bourbon and its competitors. This is 14% above median its historical median of 1.18. Over the past decade, Bourbon's Cyclically Adjusted PB Ratio has ranged from 1.00 to 2.08. According to the industry distribution chart, Bourbon ranks #730 out of 1386 companies in the Consumer Packaged Goods industry, placing it in the top 52.7%.
Is Bourbon's Cyclically Adjusted PB Ratio too high?
Bourbon's current Cyclically Adjusted PB Ratio of 1.35 is 14% above median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 2.08. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.28. Bourbon's value of 1.35 is 5.5% above this industry median. Based on the distribution chart, Bourbon ranks #730 out of 1386 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Bourbon has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bourbon's Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Bourbon ranks #730 out of 1386 companies for Cyclically Adjusted PB Ratio. This places Bourbon in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Bourbon's value of 1.35 is 5.5% above this benchmark. Historically, Bourbon's own Cyclically Adjusted PB Ratio has ranged from 1.00 to 2.08 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 1.28, Bourbon 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 1.28, based on 1,386 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. Bourbon's current Cyclically Adjusted PB Ratio of 1.35 is 5.5% 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 Bourbon and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bourbon's current Cyclically Adjusted PB Ratio is 1.35, which is 14% above median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bourbon stock overvalued right now?
Based on GuruFocus' analysis, Bourbon (TSE:2208) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,699.80, compared to a current price of 円3,160.00 — trading 17% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.35, which is 14% above median its 10-year median of 1.18 and 5.5% above the Consumer Packaged Goods industry median of 1.28. Bourbon's overall GF Score™ is 65/100 with 4 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 Bourbon (TSE:2208), the current Cyclically Adjusted PB Ratio is 1.35 as of Aug. 17, 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 Bourbon (TSE:2208) Overvalued in 2026?

Based on GuruFocus' analysis, Bourbon stock appears to be overvalued. The current stock price of 円3,160.00 is trading 17% above its estimated GF Value™ of 円2,699.80. GuruFocus considers Bourbon to be Modestly Overvalued.

Key valuation signals for TSE:2208:

  • Cyclically Adjusted PB Ratio: 1.35 (14% above median its 10-year median of 1.18)
  • GF Value™: 円2,699.80 vs. price of 円3,160.00 (17% above fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 5.5% above the Consumer Packaged Goods median (#730 of 1386)

No single metric tells the full story. See the TSE:2208 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bourbon Business Description

Address 4-2-14 Matsunami, Niigata, Kashiwazaki, JPN, 945-8611
Bourbon Corp is a food manufacturing company. Its product offerings include cookies, wheat flour crackers, bean snacks, candy, rice biscuits, snacks, chewing gums, coffee, cocoa beverages, bread, chocolates, and other related products.
65GF Score

Get the complete analysis for TSE:2208

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

円3,160.00
Price
円2,699.80
GF Value