Gakujo Co (TSE:2301) Cyclically Adjusted PB Ratio: 1.77 (As of Aug. 08, 2026) — 22% Below Median

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TSE:2301 Gakujo Co Ltd TSE:2301
73 GF Score
Price 円1,600.00
GF Value 円2,363.89
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Gakujo Co Cyclically Adjusted PB Ratio?

Gakujo Co TSE:2301 +0.19% 73 Cyclically Adjusted PB Ratio is 1.77 as of Aug. 08, 2026, which is 22% below its 10-year median of 2.26. GuruFocus rates TSE:2301 with a GF Score™ of 73/100 and a GF Value™ of 円2,363.89 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 729 Business Services companies, Gakujo Co ranks worse than 55.14% on this metric.

As of today (2026-08-08), Gakujo Co's current share price is 円1600.00. Gakujo Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct25 was 円904.06. Gakujo Co's Cyclically Adjusted PB Ratio for today is 1.77.

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

TSE:2301' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.37   Med: 2.26   Max: 4.42
Current: 1.76

During the past 13 years, Gakujo Co's highest Cyclically Adjusted PB Ratio was 4.42. The lowest was 1.37. And the median was 2.26.

TSE:2301's Cyclically Adjusted PB Ratio is ranked worse than
55.14% of 729 companies
in the Business Services industry
Industry Median: 1.54 vs TSE:2301: 1.76

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.

Gakujo Co's adjusted book value per share data of for the fiscal year that ended in Oct25 was 円1,108.666. 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904.06 for the trailing ten years ended in Oct25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gakujo Co  (TSE:2301) 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.


Gakujo Co Cyclically Adjusted PB Ratio Related Terms


Gakujo Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gakujo 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.

Gakujo Co Cyclically Adjusted PB Ratio Chart

Gakujo Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.89 2.06 2.16 2.00 1.79

Gakujo Co Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 2.28 2.00 2.03 1.79 0.00

TSE:2301 vs KFY, RHI, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, Gakujo 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.


Gakujo Co Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Gakujo Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2301
73GF Score
Gakujo Co Ltd TSE:2301
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gakujo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1600.00/904.06
=1.77

* 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.

Gakujo Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct25 is calculated as:

For example, Gakujo Co's adjusted Book Value per Share data for the fiscal year that ended in Oct25 was:

Adj_Book=Book Value per Share/CPI of Oct25 (Change)*Current CPI (Oct25)
=1108.666/112.8000*112.8000
=1,108.666

Current CPI (Oct25) = 112.8000.

Gakujo Co Annual Data

Book Value per Share CPI Adj_Book
201610 615.771 98.600 704.452
201710 660.266 98.800 753.826
201810 687.310 100.200 773.738
201910 745.688 100.400 837.785
202010 765.508 99.800 865.223
202110 842.153 99.900 950.899
202210 878.517 103.700 955.610
202310 950.099 107.100 1,000.664
202410 1,057.866 109.500 1,089.747
202510 1,108.666 112.800 1,108.666

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 1.77 mean?
Gakujo Co (TSE:2301) has a Cyclically Adjusted PB Ratio of 1.77 as of Aug. 08, 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 Gakujo Co and its competitors. This is 22% below median its historical median of 2.26. Over the past decade, Gakujo Co's Cyclically Adjusted PB Ratio has ranged from 1.37 to 4.42. According to the industry distribution chart, Gakujo Co ranks #402 out of 729 companies in the Business Services industry, placing it in the top 55.1%.
Is Gakujo Co's Cyclically Adjusted PB Ratio too high?
Gakujo Co's current Cyclically Adjusted PB Ratio of 1.77 is 22% below median its 10-year median of 2.26. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 4.42. The Business Services industry median Cyclically Adjusted PB Ratio is 1.54. Gakujo Co's value of 1.77 is 14.9% above this industry median. Based on the distribution chart, Gakujo Co ranks #402 out of 729 companies in the Business Services industry, which is below the industry midpoint. Overall, Gakujo Co has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gakujo Co's Cyclically Adjusted PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, Gakujo Co ranks #402 out of 729 companies for Cyclically Adjusted PB Ratio. This places Gakujo Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. Gakujo Co's value of 1.77 is 14.9% above this benchmark. Historically, Gakujo Co's own Cyclically Adjusted PB Ratio has ranged from 1.37 to 4.42 over the past decade. While the company's 10-year median is 2.26 vs. the industry median of 1.54, Gakujo 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.54, based on 729 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. Gakujo Co's current Cyclically Adjusted PB Ratio of 1.77 is 14.9% 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 Gakujo Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gakujo Co's current Cyclically Adjusted PB Ratio is 1.77, which is 22% below median its own 10-year median of 2.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gakujo Co stock overvalued right now?
Based on GuruFocus' analysis, Gakujo Co (TSE:2301) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,363.89, compared to a current price of 円1,600.00 — trading 32.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.77, which is 22% below median its 10-year median of 2.26 and 14.9% above the Business Services industry median of 1.54. Gakujo Co's overall GF Score™ is 73/100 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 Gakujo Co (TSE:2301), the current Cyclically Adjusted PB Ratio is 1.77 as of Aug. 08, 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 Gakujo Co (TSE:2301) Overvalued in 2026?

Based on GuruFocus' analysis, Gakujo Co stock appears to be undervalued. The current stock price of 円1,600.00 is trading 32.3% below its estimated GF Value™ of 円2,363.89. GuruFocus considers Gakujo Co to be Significantly Undervalued.

Key valuation signals for TSE:2301:

  • Cyclically Adjusted PB Ratio: 1.77 (22% below median its 10-year median of 2.26)
  • GF Value™: 円2,363.89 vs. price of 円1,600.00 (32.3% below fair value)
  • GF Score™: 73/100 with 1 warning sign
  • Industry Position: 14.9% above the Business Services median (#402 of 729)

No single metric tells the full story. See the TSE:2301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gakujo Co Business Description

Address 2-5-10 Umeda, Kita-ku, Osaka, JPN, 530-0001
Gakujo Co Ltd provides employment information, various recruitment consulting services, and manpower dispatch and job placement services.
73GF Score

Get the complete analysis for TSE:2301

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

円1,600.00
Price
円2,363.89
GF Value