Iwatsuka Confectionery Co (TSE:2221) Cyclically Adjusted PB Ratio: 0.52 (As of Aug. 22, 2026) — 16% Above Median

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TSE:2221 Iwatsuka Confectionery Co Ltd TSE:2221
69 GF Score
Price 円3,050.00
GF Value 円3,348.54
Valuation Fairly Valued
! 7 Warning Signs
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What is Iwatsuka Confectionery Co Cyclically Adjusted PB Ratio?

Iwatsuka Confectionery Co TSE:2221 +0.16% 69 Cyclically Adjusted PB Ratio is 0.52 as of Aug. 22, 2026, which is 16% above its 10-year median of 0.45. GuruFocus rates TSE:2221 with a GF Score™ of 69/100 and a GF Value™ of 円3,348.54 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,352 Consumer Packaged Goods companies, Iwatsuka Confectionery Co ranks better than 80.92% on this metric.

As of today (2026-08-22), Iwatsuka Confectionery Co's current share price is 円3050.00. Iwatsuka Confectionery Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円5,871.95. Iwatsuka Confectionery Co's Cyclically Adjusted PB Ratio for today is 0.52.

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

TSE:2221' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.45   Max: 0.6
Current: 0.52

During the past years, Iwatsuka Confectionery Co's highest Cyclically Adjusted PB Ratio was 0.60. The lowest was 0.32. And the median was 0.45.

TSE:2221's Cyclically Adjusted PB Ratio is ranked better than
80.92% of 1352 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs TSE:2221: 0.52

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.

Iwatsuka Confectionery Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円6,808.864. 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5,871.95 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Iwatsuka Confectionery Co  (TSE:2221) 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.


Iwatsuka Confectionery Co Cyclically Adjusted PB Ratio Related Terms


Iwatsuka Confectionery Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Iwatsuka Confectionery 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.

Iwatsuka Confectionery Co Cyclically Adjusted PB Ratio Chart

Iwatsuka Confectionery 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 0.37 0.43 0.50 0.50 0.54

Iwatsuka Confectionery 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 0.52 0.54 0.52 0.54 0.00

TSE:2221 vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Iwatsuka Confectionery 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.


Iwatsuka Confectionery Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2221
69GF Score
Iwatsuka Confectionery Co Ltd TSE:2221
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Iwatsuka Confectionery 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.

Iwatsuka Confectionery Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3050.00/5871.95
=0.52

* 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.

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

For example, Iwatsuka Confectionery 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)
=6808.864/112.7000*112.7000
=6,808.864

Current CPI (Mar. 2026) = 112.7000.

Iwatsuka Confectionery Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 4,012.530 98.100 4,609.706
201609 3,602.403 98.000 4,142.763
201612 4,131.197 98.400 4,731.564
201703 4,300.609 98.100 4,940.659
201706 4,272.119 98.500 4,887.998
201709 4,406.148 98.800 5,026.041
201712 5,047.880 99.400 5,723.301
201803 4,663.096 99.200 5,297.691
201806 5,160.192 99.200 5,862.436
201809 5,151.276 99.900 5,811.299
201812 4,490.336 99.700 5,075.836
201903 5,025.687 99.700 5,680.992
201906 4,833.961 99.800 5,458.792
201909 4,903.953 100.100 5,521.234
201912 5,562.763 100.500 6,238.044
202003 4,664.189 100.300 5,240.819
202006 4,750.114 99.900 5,358.737
202009 4,588.658 99.900 5,176.594
202012 4,686.692 99.300 5,319.136
202103 5,001.741 99.900 5,642.605
202106 4,814.229 99.500 5,452.901
202109 5,100.437 100.100 5,742.450
202112 5,887.199 100.100 6,628.245
202203 6,217.833 101.100 6,931.254
202206 6,440.979 101.800 7,130.632
202209 5,805.808 103.100 6,346.407
202212 5,572.311 104.100 6,032.656
202303 5,537.277 104.400 5,977.501
202306 5,943.942 105.200 6,367.702
202309 6,129.973 106.200 6,505.160
202312 5,711.819 106.800 6,027.360
202403 6,134.646 107.200 6,449.390
202406 0.000 108.200 0.000
202409 6,659.020 108.900 6,891.382
202412 6,515.291 110.700 6,633.002
202503 6,531.350 111.100 6,625.411
202506 6,848.640 111.700 6,909.953
202509 7,007.851 112.000 7,051.650
202512 6,765.754 113.000 6,747.792
202603 6,808.864 112.700 6,808.864

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 0.52 mean?
Iwatsuka Confectionery Co (TSE:2221) has a Cyclically Adjusted PB Ratio of 0.52 as of Aug. 22, 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 Iwatsuka Confectionery Co and its competitors. This is 16% above median its historical median of 0.45. Over the past decade, Iwatsuka Confectionery Co's Cyclically Adjusted PB Ratio has ranged from 0.32 to 0.60. According to the industry distribution chart, Iwatsuka Confectionery Co ranks #258 out of 1352 companies in the Consumer Packaged Goods industry, placing it in the top 19.1%.
Is Iwatsuka Confectionery Co's Cyclically Adjusted PB Ratio too high?
Iwatsuka Confectionery Co's current Cyclically Adjusted PB Ratio of 0.52 is 16% above median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.60. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Iwatsuka Confectionery Co's value of 0.52 is 58.7% below this industry median. Based on the distribution chart, Iwatsuka Confectionery Co ranks #258 out of 1352 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Iwatsuka Confectionery Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Iwatsuka Confectionery Co's Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Iwatsuka Confectionery Co ranks #258 out of 1352 companies for Cyclically Adjusted PB Ratio. This places Iwatsuka Confectionery Co in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.26. Iwatsuka Confectionery Co's value of 0.52 is 58.7% below this benchmark. Historically, Iwatsuka Confectionery Co's own Cyclically Adjusted PB Ratio has ranged from 0.32 to 0.60 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 1.26, Iwatsuka Confectionery 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 1.26, based on 1,352 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. Iwatsuka Confectionery Co's current Cyclically Adjusted PB Ratio of 0.52 is 58.7% 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 Iwatsuka Confectionery 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. Iwatsuka Confectionery Co's current Cyclically Adjusted PB Ratio is 0.52, which is 16% above median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iwatsuka Confectionery Co stock overvalued right now?
Based on GuruFocus' analysis, Iwatsuka Confectionery Co (TSE:2221) is currently considered Fairly Valued. The stock's GF Value™ is 円3,348.54, compared to a current price of 円3,050.00 — trading 8.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.52, which is 16% above median its 10-year median of 0.45 and 58.7% below the Consumer Packaged Goods industry median of 1.26. Iwatsuka Confectionery Co's overall GF Score™ is 69/100 with 7 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 Iwatsuka Confectionery Co (TSE:2221), the current Cyclically Adjusted PB Ratio is 0.52 as of Aug. 22, 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 Iwatsuka Confectionery Co (TSE:2221) Overvalued in 2026?

Based on GuruFocus' analysis, Iwatsuka Confectionery Co stock appears to be undervalued. The current stock price of 円3,050.00 is trading 8.9% below its estimated GF Value™ of 円3,348.54. GuruFocus considers Iwatsuka Confectionery Co to be Fairly Valued.

Key valuation signals for TSE:2221:

  • Cyclically Adjusted PB Ratio: 0.52 (16% above median its 10-year median of 0.45)
  • GF Value™: 円3,348.54 vs. price of 円3,050.00 (8.9% below fair value)
  • GF Score™: 69/100 with 7 warning signs
  • Industry Position: 58.7% below the Consumer Packaged Goods median (#258 of 1352)

No single metric tells the full story. See the TSE:2221 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Iwatsuka Confectionery Co Business Description

Address 9750 Ura, Niigata Prefecture, Nagaoka, JPN, 949-5492
Iwatsuka Confectionery Co Ltd manufactures and sells rice crackers. It a Japanese firm. Its products include black bean rice crackers, pinch black pepper shrimp, cake flour, wet rice crackers and rice crackers for babies.
69GF Score

Get the complete analysis for TSE:2221

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

円3,050.00
Price
円3,348.54
GF Value