B-R 31 Ice Cream Co (TSE:2268) Cyclically Adjusted PB Ratio: 3.30 (As of Aug. 05, 2026) — 12% Below Median

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TSE:2268 B-R 31 Ice Cream Co Ltd TSE:2268
71 GF Score
Price 円4,055.00
GF Value 円6,622.81
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is B-R 31 Ice Cream Co Cyclically Adjusted PB Ratio?

B-R 31 Ice Cream Co TSE:2268 71 Cyclically Adjusted PB Ratio is 3.30 as of Aug. 05, 2026, which is 12% below its 10-year median of 3.76. GuruFocus rates TSE:2268 with a GF Score™ of 71/100 and a GF Value™ of 円6,622.81 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 231 Retail - Defensive companies, B-R 31 Ice Cream Co ranks worse than 69.26% on this metric.

As of today (2026-08-05), B-R 31 Ice Cream Co's current share price is 円4055.00. B-R 31 Ice Cream Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,227.43. B-R 31 Ice Cream Co's Cyclically Adjusted PB Ratio for today is 3.30.

The historical rank and industry rank for B-R 31 Ice Cream Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:2268' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.08   Med: 3.76   Max: 4.08
Current: 3.33

During the past years, B-R 31 Ice Cream Co's highest Cyclically Adjusted PB Ratio was 4.08. The lowest was 3.08. And the median was 3.76.

TSE:2268's Cyclically Adjusted PB Ratio is ranked worse than
69.26% of 231 companies
in the Retail - Defensive industry
Industry Median: 1.65 vs TSE:2268: 3.33

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.

B-R 31 Ice Cream Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,520.065. 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1,227.43 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


B-R 31 Ice Cream Co  (TSE:2268) 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.


B-R 31 Ice Cream Co Cyclically Adjusted PB Ratio Related Terms


B-R 31 Ice Cream Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for B-R 31 Ice Cream 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.

B-R 31 Ice Cream Co Cyclically Adjusted PB Ratio Chart

B-R 31 Ice Cream Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.83 3.75 3.60 3.44 3.29

B-R 31 Ice Cream Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 3.54 3.49 3.29 3.28 0.00

TSE:2268 vs SYY, USFD, PFGC: Cyclically Adjusted PB Ratio Comparison

For the Food Distribution subindustry, B-R 31 Ice Cream 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.


B-R 31 Ice Cream Co Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, B-R 31 Ice Cream Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where B-R 31 Ice Cream Co's Cyclically Adjusted PB Ratio falls into.


TSE:2268
71GF Score
B-R 31 Ice Cream Co Ltd TSE:2268
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

B-R 31 Ice Cream 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.

B-R 31 Ice Cream Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4055.00/1227.43
=3.30

* 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.

B-R 31 Ice Cream Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, B-R 31 Ice Cream 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)
=1520.065/112.7000*112.7000
=1,520.065

Current CPI (Mar. 2026) = 112.7000.

B-R 31 Ice Cream Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 983.387 97.900 1,132.050
201606 978.885 98.100 1,124.570
201609 981.811 98.000 1,129.083
201612 995.022 98.400 1,139.624
201703 973.509 98.100 1,118.394
201706 972.269 98.500 1,112.434
201709 977.300 98.800 1,114.795
201712 982.456 99.400 1,113.911
201803 958.118 99.200 1,088.507
201806 960.003 99.200 1,090.649
201809 966.035 99.900 1,089.811
201812 975.767 99.700 1,102.998
201903 953.937 99.700 1,078.322
201906 953.741 99.800 1,077.020
201909 964.879 100.100 1,086.332
201912 991.992 100.500 1,112.413
202003 977.736 100.300 1,098.613
202006 969.859 99.900 1,094.125
202009 997.956 99.900 1,125.822
202012 1,012.081 99.300 1,148.656
202103 1,003.492 99.900 1,132.068
202106 1,026.236 99.500 1,162.380
202109 1,062.450 100.100 1,196.185
202112 1,057.498 100.100 1,190.610
202203 1,097.766 101.100 1,223.721
202206 1,157.496 101.800 1,281.432
202209 1,199.425 103.100 1,311.108
202212 1,182.892 104.100 1,280.614
202303 1,187.541 104.400 1,281.953
202306 1,238.690 105.200 1,327.000
202309 1,296.776 106.200 1,376.146
202312 1,283.917 106.800 1,354.845
202403 1,286.472 107.200 1,352.476
202406 1,376.884 108.200 1,434.148
202412 1,414.999 110.700 1,440.564
202503 1,405.038 111.100 1,425.273
202506 1,491.606 111.700 1,504.960
202509 1,563.329 112.000 1,573.100
202512 1,554.735 113.000 1,550.607
202603 1,520.065 112.700 1,520.065

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 3.30 mean?
B-R 31 Ice Cream Co (TSE:2268) has a Cyclically Adjusted PB Ratio of 3.30 as of Aug. 05, 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 B-R 31 Ice Cream Co and its competitors. This is 12% below median its historical median of 3.76. Over the past decade, B-R 31 Ice Cream Co's Cyclically Adjusted PB Ratio has ranged from 3.08 to 4.08. According to the industry distribution chart, B-R 31 Ice Cream Co ranks #160 out of 231 companies in the Retail - Defensive industry, placing it in the top 69.3%.
Is B-R 31 Ice Cream Co's Cyclically Adjusted PB Ratio too high?
B-R 31 Ice Cream Co's current Cyclically Adjusted PB Ratio of 3.30 is 12% below median its 10-year median of 3.76. Over the past 10 years, this metric has ranged from a low of 3.08 to a high of 4.08. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.65. B-R 31 Ice Cream Co's value of 3.30 is 100% above this industry median. Based on the distribution chart, B-R 31 Ice Cream Co ranks #160 out of 231 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, B-R 31 Ice Cream Co has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does B-R 31 Ice Cream Co's Cyclically Adjusted PB Ratio compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, B-R 31 Ice Cream Co ranks #160 out of 231 companies for Cyclically Adjusted PB Ratio. This places B-R 31 Ice Cream Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.65. B-R 31 Ice Cream Co's value of 3.30 is 100% above this benchmark. Historically, B-R 31 Ice Cream Co's own Cyclically Adjusted PB Ratio has ranged from 3.08 to 4.08 over the past decade. While the company's 10-year median is 3.76 vs. the industry median of 1.65, B-R 31 Ice Cream 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 Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.65, based on 231 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. B-R 31 Ice Cream Co's current Cyclically Adjusted PB Ratio of 3.30 is 100% 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 B-R 31 Ice Cream Co and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B-R 31 Ice Cream Co's current Cyclically Adjusted PB Ratio is 3.30, which is 12% below median its own 10-year median of 3.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B-R 31 Ice Cream Co stock overvalued right now?
Based on GuruFocus' analysis, B-R 31 Ice Cream Co (TSE:2268) is currently considered Significantly Undervalued. The stock's GF Value™ is 円6,622.81, compared to a current price of 円4,055.00 — trading 38.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.30, which is 12% below median its 10-year median of 3.76 and 100% above the Retail - Defensive industry median of 1.65. B-R 31 Ice Cream Co's overall GF Score™ is 71/100 with 1 warning sign 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 B-R 31 Ice Cream Co (TSE:2268), the current Cyclically Adjusted PB Ratio is 3.30 as of Aug. 05, 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 B-R 31 Ice Cream Co (TSE:2268) Overvalued in 2026?

Based on GuruFocus' analysis, B-R 31 Ice Cream Co stock appears to be undervalued. The current stock price of 円4,055.00 is trading 38.8% below its estimated GF Value™ of 円6,622.81. GuruFocus considers B-R 31 Ice Cream Co to be Significantly Undervalued.

Key valuation signals for TSE:2268:

  • Cyclically Adjusted PB Ratio: 3.30 (12% below median its 10-year median of 3.76)
  • GF Value™: 円6,622.81 vs. price of 円4,055.00 (38.8% below fair value)
  • GF Score™: 71/100 with 1 warning sign
  • Industry Position: 100% above the Retail - Defensive median (#160 of 231)

No single metric tells the full story. See the TSE:2268 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


B-R 31 Ice Cream Co Business Description

Address 3-2-1 Kami-Osaki, Shinagawa-ku, Tokyo Meguro Center, Tokyo, JPN, 141-0021
B-R 31 Ice Cream Co Ltd is a Japan-based company engaged in the operation of ice cream store chains, and the manufactures and sells of ice cream products. Its products include various varieties of ice-creams such as ice sand, ice cream cake, Sunday, pink strawberry soda, popping soda, cafe jelly, blast, frozen float, and others.
71GF Score

Get the complete analysis for TSE:2268

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

円4,055.00
Price
円6,622.81
GF Value