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CALBEE (TSE:2229) Cyclically Adjusted PB Ratio : 2.01 (As of Jul. 15, 2025)


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What is CALBEE Cyclically Adjusted PB Ratio?

As of today (2025-07-15), CALBEE's current share price is 円2650.00. CALBEE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was 円1,319.85. CALBEE's Cyclically Adjusted PB Ratio for today is 2.01.

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

TSE:2229' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2   Med: 2.68   Max: 3.96
Current: 2

During the past years, CALBEE's highest Cyclically Adjusted PB Ratio was 3.96. The lowest was 2.00. And the median was 2.68.

TSE:2229's Cyclically Adjusted PB Ratio is ranked worse than
64.06% of 1405 companies
in the Consumer Packaged Goods industry
Industry Median: 1.37 vs TSE:2229: 2.00

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.

CALBEE's adjusted book value per share data for the three months ended in Mar. 2025 was 円1,642.260. 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1,319.85 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


CALBEE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CALBEE'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.

* Premium members only.

CALBEE Cyclically Adjusted PB Ratio Chart

CALBEE Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.08 2.35 2.51 2.84 2.12

CALBEE Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.84 2.51 2.78 2.43 2.12

Competitive Comparison of CALBEE's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, CALBEE'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.


CALBEE's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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


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CALBEE 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2650.00/1319.85
=2.01

* 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.

CALBEE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, CALBEE's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1642.26/111.1000*111.1000
=1,642.260

Current CPI (Mar. 2025) = 111.1000.

CALBEE Quarterly Data

Book Value per Share CPI Adj_Book
201506 822.577 98.400 928.743
201509 848.177 98.500 956.675
201512 890.918 98.100 1,008.981
201603 905.305 97.900 1,027.369
201606 890.498 98.100 1,008.505
201609 922.206 98.000 1,045.480
201612 981.387 98.400 1,108.050
201703 958.677 98.100 1,085.719
201706 934.825 98.500 1,054.407
201709 966.865 98.800 1,087.234
201712 1,015.348 99.400 1,134.861
201803 1,043.411 99.200 1,168.578
201806 1,035.907 99.200 1,160.174
201809 1,079.252 99.900 1,200.249
201812 1,114.909 99.700 1,242.391
201903 1,151.720 99.700 1,283.411
201906 1,129.431 99.800 1,257.312
201909 1,161.617 100.100 1,289.267
201912 1,211.945 100.500 1,339.772
202003 1,221.186 100.300 1,352.680
202006 1,203.950 99.900 1,338.927
202009 1,232.841 99.900 1,371.057
202012 1,274.614 99.300 1,426.079
202103 1,312.232 99.900 1,459.349
202106 1,282.937 99.500 1,432.506
202109 1,315.457 100.100 1,460.013
202112 1,334.150 100.100 1,480.760
202203 1,358.245 101.100 1,492.592
202206 1,362.094 101.800 1,486.529
202209 1,399.803 103.100 1,508.420
202212 1,397.376 104.100 1,491.340
202303 1,393.732 104.400 1,483.176
202306 1,415.970 105.200 1,495.383
202309 1,458.483 106.200 1,525.776
202312 1,494.655 106.800 1,554.833
202403 1,535.494 107.200 1,591.356
202406 1,535.494 108.200 1,576.649
202409 1,555.728 108.900 1,587.157
202412 1,644.117 110.700 1,650.058
202503 1,642.260 111.100 1,642.260

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.


CALBEE  (TSE:2229) 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.


CALBEE Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of CALBEE's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


CALBEE Business Description

Traded in Other Exchanges
Address
1-8-3 Marunouchi, Chiyoda-ku, 22nd Floor, Marunouchi Trust Tower Main, Tokyo, JPN, 100-0005
Calbee, listed in 2011, is a leader in Japan's snack food industry with nearly 54% of the domestic market. Potato snacks, including chips and the company's original Jagarico and Jagabee potato strips, are a core strength, demonstrated by a dominant 71% share in potato chips. Growth in the Frugra brand, the best-selling cereal product with a 38% share in the domestic cereal market, is the latest growth driver in China. The overseas business, constituting 16% of group sales, has been undergoing restructuring since the partnership with Tingyi and PepsiCo unwound. Apart from China and the U.S., Indonesia and the U.K. are emerging as new growth drivers. Easing competition should end losses in Indonesia while the integration of Calbee U.K. and Seabrook will enhance cost efficiencies.

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