Care Twentyone (TSE:2373) Cyclically Adjusted PB Ratio: 1.05 (As of Aug. 06, 2026) — 56% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2373 Care Twentyone Corp TSE:2373
60 GF Score
Price 円403.00
GF Value 円482.54
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Care Twentyone Cyclically Adjusted PB Ratio?

Care Twentyone TSE:2373 60 Cyclically Adjusted PB Ratio is 1.05 as of Aug. 06, 2026, which is 56% below its 10-year median of 2.37. GuruFocus rates TSE:2373 with a GF Score™ of 60/100 and a GF Value™ of 円482.54 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 354 Healthcare Providers & Services companies, Care Twentyone ranks better than 70.06% on this metric.

As of today (2026-08-06), Care Twentyone's current share price is 円403.00. Care Twentyone's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct25 was 円385.02. Care Twentyone's Cyclically Adjusted PB Ratio for today is 1.05.

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

TSE:2373' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 2.37   Max: 4.78
Current: 1.05

During the past 13 years, Care Twentyone's highest Cyclically Adjusted PB Ratio was 4.78. The lowest was 0.93. And the median was 2.37.

TSE:2373's Cyclically Adjusted PB Ratio is ranked better than
70.06% of 354 companies
in the Healthcare Providers & Services industry
Industry Median: 1.845 vs TSE:2373: 1.05

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.

Care Twentyone's adjusted book value per share data of for the fiscal year that ended in Oct25 was 円327.351. 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385.02 for the trailing ten years ended in Oct25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Care Twentyone  (TSE:2373) 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.


Care Twentyone Cyclically Adjusted PB Ratio Related Terms


Care Twentyone Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Care Twentyone'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.

Care Twentyone Cyclically Adjusted PB Ratio Chart

Care Twentyone 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 3.28 2.39 1.92 1.12 1.24

Care Twentyone 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 1.68 1.12 1.08 1.24 0.00

TSE:2373 vs HCA, THC, DVA: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Care Twentyone'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.


Care Twentyone Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Care Twentyone's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2373
60GF Score
Care Twentyone Corp TSE:2373
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Care Twentyone 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.

Care Twentyone's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=403.00/385.02
=1.05

* 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.

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

For example, Care Twentyone'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)
=327.351/112.8000*112.8000
=327.351

Current CPI (Oct25) = 112.8000.

Care Twentyone Annual Data

Book Value per Share CPI Adj_Book
201610 231.004 98.600 264.272
201710 258.474 98.800 295.100
201810 265.811 100.200 299.236
201910 319.777 100.400 359.271
202010 376.602 99.800 425.658
202110 502.774 99.900 567.697
202210 480.334 103.700 522.485
202310 407.741 107.100 429.442
202410 349.118 109.500 359.639
202510 327.351 112.800 327.351

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 1.05 mean?
Care Twentyone (TSE:2373) has a Cyclically Adjusted PB Ratio of 1.05 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 Care Twentyone and its competitors. This is 56% below median its historical median of 2.37. Over the past decade, Care Twentyone's Cyclically Adjusted PB Ratio has ranged from 0.93 to 4.78. According to the industry distribution chart, Care Twentyone ranks #106 out of 354 companies in the Healthcare Providers & Services industry, placing it in the top 29.9%.
Is Care Twentyone's Cyclically Adjusted PB Ratio too high?
Care Twentyone's current Cyclically Adjusted PB Ratio of 1.05 is 56% below median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 4.78. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.85. Care Twentyone's value of 1.05 is 43.1% below this industry median. Based on the distribution chart, Care Twentyone ranks #106 out of 354 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Care Twentyone has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Care Twentyone's Cyclically Adjusted PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Care Twentyone ranks #106 out of 354 companies for Cyclically Adjusted PB Ratio. This puts Care Twentyone in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Care Twentyone's value of 1.05 is 43.1% below this benchmark. Historically, Care Twentyone's own Cyclically Adjusted PB Ratio has ranged from 0.93 to 4.78 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 1.85, Care Twentyone 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.85, based on 354 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. Care Twentyone's current Cyclically Adjusted PB Ratio of 1.05 is 43.1% 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 Care Twentyone and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Care Twentyone's current Cyclically Adjusted PB Ratio is 1.05, which is 56% below median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Care Twentyone stock overvalued right now?
Based on GuruFocus' analysis, Care Twentyone (TSE:2373) is currently considered Modestly Undervalued. The stock's GF Value™ is 円482.54, compared to a current price of 円403.00 — trading 16.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is 56% below median its 10-year median of 2.37 and 43.1% below the Healthcare Providers & Services industry median of 1.85. Care Twentyone's overall GF Score™ is 60/100 with 5 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 Care Twentyone (TSE:2373), the current Cyclically Adjusted PB Ratio is 1.05 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 Care Twentyone (TSE:2373) Overvalued in 2026?

Based on GuruFocus' analysis, Care Twentyone stock appears to be undervalued. The current stock price of 円403.00 is trading 16.5% below its estimated GF Value™ of 円482.54. GuruFocus considers Care Twentyone to be Modestly Undervalued.

Key valuation signals for TSE:2373:

  • Cyclically Adjusted PB Ratio: 1.05 (56% below median its 10-year median of 2.37)
  • GF Value™: 円482.54 vs. price of 円403.00 (16.5% below fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 43.1% below the Healthcare Providers & Services median (#106 of 354)

No single metric tells the full story. See the TSE:2373 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Care Twentyone Business Description

Address 2-2-2 Dojima, Kintetsu Dojima building, 10th floor, Osaka, JPN, 530-0003
Care Twentyone Corp provides nursing care services. It also leases and sells nursing equipment as well as operates a nursing home for the elder people. It also provides daycare homes, nursing homes, and group homes. It is also engaged in small-scale multifunctional home care, welfare equipment sales, rental and housing repair and light work contracting business. The company has two reportable segments based on its business model: In-home nursing care business; and Facility-based nursing care business. The home care business provides visiting care services, home care support services, day care services, etc. The Facility-based Nursing Care Business operates paid nursing homes and group homes.
60GF Score

Get the complete analysis for TSE:2373

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

円403.00
Price
円482.54
GF Value