Imuraya Group Co (TSE:2209) Cyclically Adjusted PB Ratio: 1.67 (As of Aug. 10, 2026) — 18% Below 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:2209 Imuraya Group Co Ltd TSE:2209
64 GF Score
Price 円2,368.00
GF Value 円2,820.38
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Imuraya Group Co Cyclically Adjusted PB Ratio?

Imuraya Group Co TSE:2209 +0.55% 64 Cyclically Adjusted PB Ratio is 1.67 as of Aug. 10, 2026, which is 18% below its 10-year median of 2.03. GuruFocus rates TSE:2209 with a GF Score™ of 64/100 and a GF Value™ of 円2,820.38 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,407 Consumer Packaged Goods companies, Imuraya Group Co ranks worse than 59.7% on this metric.

As of today (2026-08-10), Imuraya Group Co's current share price is 円2368.00. Imuraya Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,421.75. Imuraya Group Co's Cyclically Adjusted PB Ratio for today is 1.67.

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

TSE:2209' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.03   Max: 4.18
Current: 1.66

During the past years, Imuraya Group Co's highest Cyclically Adjusted PB Ratio was 4.18. The lowest was 1.50. And the median was 2.03.

TSE:2209's Cyclically Adjusted PB Ratio is ranked worse than
59.7% of 1407 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs TSE:2209: 1.66

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.

Imuraya Group Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,956.065. 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1,421.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Imuraya Group Co  (TSE:2209) 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.


Imuraya Group Co Cyclically Adjusted PB Ratio Related Terms


Imuraya Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Imuraya Group 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.

Imuraya Group Co Cyclically Adjusted PB Ratio Chart

Imuraya Group 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 2.15 1.96 2.07 1.82 1.70

Imuraya Group 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 1.82 1.84 1.84 1.82 1.70

TSE:2209 vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Imuraya Group 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.


Imuraya Group Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2209
64GF Score
Imuraya Group Co Ltd TSE:2209
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Imuraya Group 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.

Imuraya Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2368.00/1421.75
=1.67

* 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.

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

For example, Imuraya Group 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)
=1956.065/112.7000*112.7000
=1,956.065

Current CPI (Mar. 2026) = 112.7000.

Imuraya Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 892.313 97.900 1,027.208
201606 858.974 98.100 986.813
201609 887.168 98.000 1,020.243
201612 931.857 98.400 1,067.279
201703 946.600 98.100 1,087.480
201706 927.851 98.500 1,061.612
201709 1,001.623 98.800 1,142.540
201712 1,238.594 99.400 1,404.321
201803 1,158.149 99.200 1,315.760
201806 1,135.366 99.200 1,289.876
201809 1,203.790 99.900 1,358.029
201812 1,205.363 99.700 1,362.532
201903 1,205.163 99.700 1,362.306
201906 1,170.314 99.800 1,321.587
201909 1,186.614 100.100 1,335.978
201912 1,202.352 100.500 1,348.309
202003 1,173.413 100.300 1,318.481
202006 1,131.045 99.900 1,275.964
202009 1,167.569 99.900 1,317.167
202012 1,207.586 99.300 1,370.543
202103 1,236.027 99.900 1,394.397
202106 1,196.714 99.500 1,355.474
202109 1,248.506 100.100 1,405.661
202112 1,299.221 100.100 1,462.759
202203 1,325.868 101.100 1,477.995
202206 1,312.863 101.800 1,453.435
202209 1,395.692 103.100 1,525.650
202212 1,435.678 104.100 1,554.283
202303 1,425.642 104.400 1,538.983
202306 1,403.464 105.200 1,503.521
202309 1,486.456 106.200 1,577.435
202312 1,546.611 106.800 1,632.051
202403 1,603.877 107.200 1,686.165
202406 1,588.135 108.200 1,654.185
202409 1,646.770 108.900 1,704.233
202503 1,728.648 111.100 1,753.543
202506 1,712.783 111.700 1,728.117
202509 1,825.629 112.000 1,837.039
202512 1,900.143 113.000 1,895.098
202603 1,956.065 112.700 1,956.065

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 1.67 mean?
Imuraya Group Co (TSE:2209) has a Cyclically Adjusted PB Ratio of 1.67 as of Aug. 10, 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 Imuraya Group Co and its competitors. This is 18% below median its historical median of 2.03. Over the past decade, Imuraya Group Co's Cyclically Adjusted PB Ratio has ranged from 1.50 to 4.18. According to the industry distribution chart, Imuraya Group Co ranks #840 out of 1407 companies in the Consumer Packaged Goods industry, placing it in the top 59.7%.
Is Imuraya Group Co's Cyclically Adjusted PB Ratio too high?
Imuraya Group Co's current Cyclically Adjusted PB Ratio of 1.67 is 18% below median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 4.18. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Imuraya Group Co's value of 1.67 is 32.5% above this industry median. Based on the distribution chart, Imuraya Group Co ranks #840 out of 1407 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Imuraya Group Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Imuraya Group Co's Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Imuraya Group Co ranks #840 out of 1407 companies for Cyclically Adjusted PB Ratio. This places Imuraya Group Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Imuraya Group Co's value of 1.67 is 32.5% above this benchmark. Historically, Imuraya Group Co's own Cyclically Adjusted PB Ratio has ranged from 1.50 to 4.18 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 1.26, Imuraya Group 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,407 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. Imuraya Group Co's current Cyclically Adjusted PB Ratio of 1.67 is 32.5% 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 Imuraya Group Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imuraya Group Co's current Cyclically Adjusted PB Ratio is 1.67, which is 18% below median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imuraya Group Co stock overvalued right now?
Based on GuruFocus' analysis, Imuraya Group Co (TSE:2209) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,820.38, compared to a current price of 円2,368.00 — trading 16% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.67, which is 18% below median its 10-year median of 2.03 and 32.5% above the Consumer Packaged Goods industry median of 1.26. Imuraya Group Co's overall GF Score™ is 64/100 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 Imuraya Group Co (TSE:2209), the current Cyclically Adjusted PB Ratio is 1.67 as of Aug. 10, 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 Imuraya Group Co (TSE:2209) Overvalued in 2026?

Based on GuruFocus' analysis, Imuraya Group Co stock appears to be undervalued. The current stock price of 円2,368.00 is trading 16% below its estimated GF Value™ of 円2,820.38. GuruFocus considers Imuraya Group Co to be Modestly Undervalued.

Key valuation signals for TSE:2209:

  • Cyclically Adjusted PB Ratio: 1.67 (18% below median its 10-year median of 2.03)
  • GF Value™: 円2,820.38 vs. price of 円2,368.00 (16% below fair value)
  • GF Score™: 64/100 with 2 warning signs
  • Industry Position: 32.5% above the Consumer Packaged Goods median (#840 of 1407)

No single metric tells the full story. See the TSE:2209 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Imuraya Group Co Business Description

Address 7-1-1, Takachaya, Mie, Tsu, JPN, 514-8530
Imuraya Group Co Ltd is a Japanese confectionery company. It operates through segments: Distribution Business; and Seasoning Business. The company is involved in Confectionery business, food business, Dim sum and deli business, Frozen dessert business, Frozen Japanese sweets business, Daily chilled business, Sweets Business, VISON business, Seasoning business and Other Businesses.
64GF Score

Get the complete analysis for TSE:2209

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

円2,368.00
Price
円2,820.38
GF Value