Kotobuki Spirits Co (TSE:2222) Cyclically Adjusted PB Ratio: 16.22 (As of Aug. 06, 2026) — Near Median

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TSE:2222 Kotobuki Spirits Co Ltd TSE:2222
96 GF Score
Price 円2,630.00
GF Value 円2,454.09
Valuation Fairly Valued
! 6 Warning Signs
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What is Kotobuki Spirits Co Cyclically Adjusted PB Ratio?

Kotobuki Spirits Co TSE:2222 +3.54% 96 Cyclically Adjusted PB Ratio is 16.22 as of Aug. 06, 2026, which is 0% below its 10-year median of 16.29. GuruFocus rates TSE:2222 with a GF Score™ of 96/100 and a GF Value™ of 円2,454.09 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,416 Consumer Packaged Goods companies, Kotobuki Spirits Co ranks worse than 97.53% on this metric.

As of today (2026-08-06), Kotobuki Spirits Co's current share price is 円2630.00. Kotobuki Spirits Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円162.17. Kotobuki Spirits Co's Cyclically Adjusted PB Ratio for today is 16.22.

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

TSE:2222' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.81   Med: 16.29   Max: 25.97
Current: 15.66

During the past years, Kotobuki Spirits Co's highest Cyclically Adjusted PB Ratio was 25.97. The lowest was 8.81. And the median was 16.29.

TSE:2222's Cyclically Adjusted PB Ratio is ranked worse than
97.53% of 1416 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs TSE:2222: 15.66

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.

Kotobuki Spirits Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円310.361. 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162.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kotobuki Spirits Co  (TSE:2222) 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.


Kotobuki Spirits Co Cyclically Adjusted PB Ratio Related Terms


Kotobuki Spirits Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kotobuki Spirits 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.

Kotobuki Spirits Co Cyclically Adjusted PB Ratio Chart

Kotobuki Spirits 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 14.98 18.72 16.42 17.39 11.29

Kotobuki Spirits Co 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 17.39 14.19 12.09 11.69 11.29

TSE:2222 vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Kotobuki Spirits 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.


Kotobuki Spirits Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2222
96GF Score
Kotobuki Spirits Co Ltd TSE:2222
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kotobuki Spirits 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.

Kotobuki Spirits Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2630.00/162.17
=16.22

* 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.

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

For example, Kotobuki Spirits 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)
=310.361/112.7000*112.7000
=310.361

Current CPI (Mar. 2026) = 112.7000.

Kotobuki Spirits Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 66.201 98.100 76.054
201609 70.649 98.000 81.246
201612 76.843 98.400 88.010
201703 81.840 98.100 94.020
201706 80.399 98.500 91.990
201709 86.186 98.800 98.311
201712 94.173 99.400 106.774
201803 99.432 99.200 112.964
201806 95.748 99.200 108.778
201809 101.007 99.900 113.949
201812 110.563 99.700 124.979
201903 117.574 99.700 132.905
201906 116.044 99.800 131.044
201909 124.053 100.100 139.668
201912 135.038 100.500 151.431
202003 136.022 100.300 152.838
202006 120.468 99.900 135.903
202009 119.665 99.900 134.997
202012 126.814 99.300 143.927
202103 124.307 99.900 140.234
202106 116.909 99.500 132.419
202109 116.369 100.100 131.017
202112 127.755 100.100 143.836
202203 130.830 101.100 145.841
202206 130.304 101.800 144.256
202209 137.779 103.100 150.608
202212 155.223 104.100 168.046
202303 170.426 104.400 183.975
202306 169.821 105.200 181.928
202309 185.249 106.200 196.587
202312 207.365 106.800 218.821
202403 226.368 107.200 237.982
202406 213.065 108.200 221.926
202409 230.719 108.900 238.770
202412 256.669 110.700 261.306
202503 259.654 111.100 263.393
202506 242.584 111.700 244.756
202509 260.961 112.000 262.592
202512 288.947 113.000 288.180
202603 310.361 112.700 310.361

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 16.22 mean?
Kotobuki Spirits Co (TSE:2222) has a Cyclically Adjusted PB Ratio of 16.22 as of Aug. 06, 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 Kotobuki Spirits Co and its competitors. This is near median its historical median of 16.29. Over the past decade, Kotobuki Spirits Co's Cyclically Adjusted PB Ratio has ranged from 8.81 to 25.97. According to the industry distribution chart, Kotobuki Spirits Co ranks #1381 out of 1416 companies in the Consumer Packaged Goods industry, placing it in the top 97.5%.
Is Kotobuki Spirits Co's Cyclically Adjusted PB Ratio too high?
Kotobuki Spirits Co's current Cyclically Adjusted PB Ratio of 16.22 is near median its 10-year median of 16.29. Over the past 10 years, this metric has ranged from a low of 8.81 to a high of 25.97. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Kotobuki Spirits Co's value of 16.22 is 1197.6% above this industry median. Based on the distribution chart, Kotobuki Spirits Co ranks #1381 out of 1416 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Kotobuki Spirits Co has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kotobuki Spirits Co's Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Kotobuki Spirits Co ranks #1381 out of 1416 companies for Cyclically Adjusted PB Ratio. This places Kotobuki Spirits Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Kotobuki Spirits Co's value of 16.22 is 1197.6% above this benchmark. Historically, Kotobuki Spirits Co's own Cyclically Adjusted PB Ratio has ranged from 8.81 to 25.97 over the past decade. While the company's 10-year median is 16.29 vs. the industry median of 1.25, Kotobuki Spirits 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 1.25, based on 1,416 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. Kotobuki Spirits Co's current Cyclically Adjusted PB Ratio of 16.22 is 1197.6% 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 Kotobuki Spirits Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kotobuki Spirits Co's current Cyclically Adjusted PB Ratio is 16.22, which is near median its own 10-year median of 16.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kotobuki Spirits Co stock overvalued right now?
Based on GuruFocus' analysis, Kotobuki Spirits Co (TSE:2222) is currently considered Fairly Valued. The stock's GF Value™ is 円2,454.09, compared to a current price of 円2,630.00 — trading 7.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 16.22, which is near median its 10-year median of 16.29 and 1197.6% above the Consumer Packaged Goods industry median of 1.25. Kotobuki Spirits Co's overall GF Score™ is 96/100 with 6 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 Kotobuki Spirits Co (TSE:2222), the current Cyclically Adjusted PB Ratio is 16.22 as of Aug. 06, 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 Kotobuki Spirits Co (TSE:2222) Overvalued in 2026?

Based on GuruFocus' analysis, Kotobuki Spirits Co stock appears to be overvalued. The current stock price of 円2,630.00 is trading 7.2% above its estimated GF Value™ of 円2,454.09. GuruFocus considers Kotobuki Spirits Co to be Fairly Valued.

Key valuation signals for TSE:2222:

  • Cyclically Adjusted PB Ratio: 16.22 (near median its 10-year median of 16.29)
  • GF Value™: 円2,454.09 vs. price of 円2,630.00 (7.2% above fair value)
  • GF Score™: 96/100 with 6 warning signs
  • Industry Position: 1197.6% above the Consumer Packaged Goods median (#1381 of 1416)

No single metric tells the full story. See the TSE:2222 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kotobuki Spirits Co Business Description

Address 2028 Hatagasaki, Tottori Prefecture, Yonago, JPN
Kotobuki Spirits Co Ltd.is a Japan-based company which is engaged in the manufacture and sale of confectionery products under various shop brands. The company markets its products under Inaba's white rabbit, KAnoZA, Beauty & health care, JERSEY HILLS, Buddies of Izumo, Sanin Yoshirozu Honpo, Sousse castle of sweets, Raw material sales and others.
96GF Score

Get the complete analysis for TSE:2222

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

円2,630.00
Price
円2,454.09
GF Value