S Foods (TSE:2292) Cyclically Adjusted PB Ratio: 0.80 (As of Sep. 17, 2026) — 41% Below Median

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TSE:2292 S Foods Inc TSE:2292
71 GF Score
Price 円2,786.00
GF Value 円3,221.12
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is S Foods Cyclically Adjusted PB Ratio?

S Foods TSE:2292 +1.13% 71 Cyclically Adjusted PB Ratio is 0.80 as of Sep. 17, 2026, which is 41% below its 10-year median of 1.36. GuruFocus rates TSE:2292 with a GF Score™ of 71/100 and a GF Value™ of 円3,221.12 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,268 Consumer Packaged Goods companies, S Foods ranks better than 65.54% on this metric.

As of today (2026-09-17), S Foods's current share price is 円2786.00. S Foods's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円3,492.49. S Foods's Cyclically Adjusted PB Ratio for today is 0.80.

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

TSE:2292' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 1.36   Max: 3.44
Current: 0.83

During the past years, S Foods's highest Cyclically Adjusted PB Ratio was 3.44. The lowest was 0.78. And the median was 1.36.

TSE:2292's Cyclically Adjusted PB Ratio is ranked better than
65.54% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs TSE:2292: 0.83

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.

S Foods's adjusted book value per share data for the three months ended in Feb. 2026 was 円4,441.333. 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3,492.49 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


S Foods  (TSE:2292) 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.


S Foods Cyclically Adjusted PB Ratio Related Terms


S Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for S Foods'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.

S Foods Cyclically Adjusted PB Ratio Chart

S Foods Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 1.04 1.04 0.72 0.90

S Foods Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.79 0.80 0.76 0.92 0.76

TSE:2292 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, S Foods'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.


S Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2292
71GF Score
S Foods Inc TSE:2292
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S Foods 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.

S Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2786.00/3492.49
=0.80

* 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.

S Foods's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, S Foods's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=4441.333/112.2000*112.2000
=4,441.333

Current CPI (Feb. 2026) = 112.2000.

S Foods Quarterly Data

Book Value per Share CPI Adj_Book
201605 2,055.432 98.200 2,348.467
201608 2,096.474 97.900 2,402.701
201611 2,164.898 98.600 2,463.505
201702 2,297.733 98.100 2,627.988
201705 2,397.425 98.600 2,728.104
201708 2,549.333 98.500 2,903.910
201711 2,801.052 99.100 3,171.322
201802 2,733.410 99.500 3,082.298
201805 2,789.816 99.300 3,152.239
201808 2,748.445 99.800 3,089.935
201811 2,776.792 100.000 3,115.561
201902 2,716.706 99.700 3,057.316
201905 2,687.403 100.000 3,015.266
201908 2,691.222 100.000 3,019.551
201911 2,723.704 100.500 3,040.792
202002 2,726.515 100.300 3,050.000
202005 2,749.839 100.100 3,082.237
202008 2,919.438 100.100 3,272.337
202011 2,935.010 99.500 3,309.629
202102 2,989.875 99.800 3,361.362
202105 3,064.010 99.400 3,458.571
202108 3,172.268 99.700 3,569.995
202111 3,241.855 100.100 3,633.728
202202 3,357.813 100.700 3,741.277
202205 3,450.112 101.800 3,802.579
202208 3,602.081 102.700 3,935.282
202211 3,650.727 103.900 3,942.364
202302 3,709.740 104.000 4,002.239
202305 3,777.419 105.100 4,032.601
202308 4,002.341 105.900 4,240.441
202311 4,016.114 106.900 4,215.229
202402 4,001.108 106.900 4,199.479
202405 4,083.907 108.100 4,238.801
202408 4,175.619 109.100 4,294.266
202411 3,946.940 110.000 4,025.879
202502 4,103.122 110.800 4,154.967
202505 4,118.902 111.800 4,133.639
202508 4,154.246 112.100 4,157.952
202511 4,221.745 113.200 4,184.450
202602 4,441.333 112.200 4,441.333

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 0.80 mean?
S Foods (TSE:2292) has a Cyclically Adjusted PB Ratio of 0.80 as of Sep. 17, 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 S Foods and its competitors. This is 41% below median its historical median of 1.36. Over the past decade, S Foods' Cyclically Adjusted PB Ratio has ranged from 0.78 to 3.44. According to the industry distribution chart, S Foods ranks #437 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 34.5%.
Is S Foods' Cyclically Adjusted PB Ratio too high?
S Foods' current Cyclically Adjusted PB Ratio of 0.80 is 41% below median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 3.44. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. S Foods' value of 0.80 is 35.7% below this industry median. Based on the distribution chart, S Foods ranks #437 out of 1268 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, S Foods has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does S Foods' Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, S Foods ranks #437 out of 1268 companies for Cyclically Adjusted PB Ratio. This puts S Foods in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. S Foods' value of 0.80 is 35.7% below this benchmark. Historically, S Foods' own Cyclically Adjusted PB Ratio has ranged from 0.78 to 3.44 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 1.25, S Foods 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 1.25, based on 1,268 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. S Foods's current Cyclically Adjusted PB Ratio of 0.80 is 35.7% 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 S Foods 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. S Foods's current Cyclically Adjusted PB Ratio is 0.80, which is 41% below median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S Foods stock overvalued right now?
Based on GuruFocus' analysis, S Foods (TSE:2292) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,221.12, compared to a current price of 円2,786.00 — trading 13.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.80, which is 41% below median its 10-year median of 1.36 and 35.7% below the Consumer Packaged Goods industry median of 1.25. S Foods' overall GF Score™ is 71/100 with 4 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 S Foods (TSE:2292), the current Cyclically Adjusted PB Ratio is 0.80 as of Sep. 17, 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 S Foods (TSE:2292) Overvalued in 2026?

Based on GuruFocus' analysis, S Foods stock appears to be undervalued. The current stock price of 円2,786.00 is trading 13.5% below its estimated GF Value™ of 円3,221.12. GuruFocus considers S Foods to be Modestly Undervalued.

Key valuation signals for TSE:2292:

  • Cyclically Adjusted PB Ratio: 0.80 (41% below median its 10-year median of 1.36)
  • GF Value™: 円3,221.12 vs. price of 円2,786.00 (13.5% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 35.7% below the Consumer Packaged Goods median (#437 of 1268)

No single metric tells the full story. See the TSE:2292 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


S Foods Business Description

Address 1-22-13 Naruohama, Nishinomiya, Hyogo, JPN, 663-8142
S Foods Inc is a Japan-based company that makes and sells meat products. Operations are broken up into three business segments. The Wholesale and Manufacturing segment is engaged in the manufacturing and sale of processed meat, cooked food, prepared food, sauces and seasonings, as well as the sale of meat. The Retail segment is engaged in the retail of meat and the operation of restaurants. The Others segment sells health food and leases real estate properties. S Foods also sells water, leases real estate, and operates refrigerated warehouses.
71GF Score

Get the complete analysis for TSE:2292

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

円2,786.00
Price
円3,221.12
GF Value