Shinwa Wise Holdings Co (TSE:2437) Cyclically Adjusted PB Ratio: 1.96 (As of Sep. 13, 2026) — 31% Above 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:2437 Shinwa Wise Holdings Co Ltd TSE:2437
39 GF Score
Price 円609.00
GF Value 円231.80
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Shinwa Wise Holdings Co Cyclically Adjusted PB Ratio?

Shinwa Wise Holdings Co TSE:2437 -1.93% 39 Cyclically Adjusted PB Ratio is 1.96 as of Sep. 13, 2026, which is 31% above its 10-year median of 1.50. GuruFocus rates TSE:2437 with a GF Score™ of 39/100 and a GF Value™ of 円231.80 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 61 Personal Services companies, Shinwa Wise Holdings Co ranks worse than 57.38% on this metric.

As of today (2026-09-13), Shinwa Wise Holdings Co's current share price is 円609.00. Shinwa Wise Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was 円310.07. Shinwa Wise Holdings Co's Cyclically Adjusted PB Ratio for today is 1.96.

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

TSE:2437' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.5   Max: 4.89
Current: 1.96

During the past years, Shinwa Wise Holdings Co's highest Cyclically Adjusted PB Ratio was 4.89. The lowest was 0.77. And the median was 1.50.

TSE:2437's Cyclically Adjusted PB Ratio is ranked worse than
57.38% of 61 companies
in the Personal Services industry
Industry Median: 1.74 vs TSE:2437: 1.96

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.

Shinwa Wise Holdings Co's adjusted book value per share data for the three months ended in May. 2026 was 円191.555. 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310.07 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shinwa Wise Holdings Co  (TSE:2437) 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.


Shinwa Wise Holdings Co Cyclically Adjusted PB Ratio Related Terms


Shinwa Wise Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shinwa Wise Holdings 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.

Shinwa Wise Holdings Co Cyclically Adjusted PB Ratio Chart

Shinwa Wise Holdings Co Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.17 1.81 1.73 0.99 1.29

Shinwa Wise Holdings Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 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 0.99 0.95 0.80 1.97 1.29

TSE:2437 vs ROL, SCI, HRB: Cyclically Adjusted PB Ratio Comparison

For the Personal Services subindustry, Shinwa Wise Holdings 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.


Shinwa Wise Holdings Co Cyclically Adjusted PB Ratio vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Shinwa Wise Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2437
39GF Score
Shinwa Wise Holdings Co Ltd TSE:2437
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinwa Wise Holdings 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.

Shinwa Wise Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=609.00/310.07
=1.96

* 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.

Shinwa Wise Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Shinwa Wise Holdings Co's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=191.555/113.5000*113.5000
=191.555

Current CPI (May. 2026) = 113.5000.

Shinwa Wise Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201602 285.590 97.800 331.436
201605 308.841 98.200 356.960
201608 300.118 97.900 347.941
201611 297.323 98.600 342.253
201702 287.177 98.100 332.259
201705 331.159 98.600 381.202
201708 316.743 98.500 364.978
201711 323.058 99.100 370.001
201802 299.645 99.500 341.806
201805 294.185 99.300 336.254
201808 286.533 99.800 325.867
201811 293.982 100.000 333.670
201902 282.178 99.700 321.236
201905 287.830 100.000 326.687
201908 279.724 100.000 317.487
201911 284.426 100.500 321.217
202002 277.968 100.300 314.550
202005 247.696 100.100 280.854
202008 234.529 100.100 265.924
202011 235.719 99.500 268.885
202102 226.546 99.800 257.645
202105 250.636 99.400 286.189
202108 264.131 99.700 300.691
202111 303.849 100.100 344.524
202202 292.605 100.700 329.798
202205 313.256 101.800 349.259
202208 316.812 102.700 350.128
202211 332.285 103.900 362.987
202302 333.517 104.000 363.982
202305 320.934 105.100 346.584
202308 336.348 105.900 360.486
202311 350.666 106.900 372.316
202402 315.739 106.900 335.233
202405 224.027 108.100 235.218
202411 239.705 110.000 247.332
202505 213.091 111.800 216.331
202508 192.855 112.100 195.264
202511 188.176 113.200 188.675
202602 185.001 112.200 187.145
202605 191.555 113.500 191.555

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 1.96 mean?
Shinwa Wise Holdings Co (TSE:2437) has a Cyclically Adjusted PB Ratio of 1.96 as of Sep. 13, 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 Shinwa Wise Holdings Co and its competitors. This is 31% above median its historical median of 1.50. Over the past decade, Shinwa Wise Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.77 to 4.89. According to the industry distribution chart, Shinwa Wise Holdings Co ranks #35 out of 61 companies in the Personal Services industry, placing it in the top 57.4%.
Is Shinwa Wise Holdings Co's Cyclically Adjusted PB Ratio too high?
Shinwa Wise Holdings Co's current Cyclically Adjusted PB Ratio of 1.96 is 31% above median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 4.89. The Personal Services industry median Cyclically Adjusted PB Ratio is 1.74. Shinwa Wise Holdings Co's value of 1.96 is 12.6% above this industry median. Based on the distribution chart, Shinwa Wise Holdings Co ranks #35 out of 61 companies in the Personal Services industry, which is below the industry midpoint. Overall, Shinwa Wise Holdings Co has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinwa Wise Holdings Co's Cyclically Adjusted PB Ratio compare to ROL and SCI?
According to the Personal Services industry distribution chart, Shinwa Wise Holdings Co ranks #35 out of 61 companies for Cyclically Adjusted PB Ratio. This places Shinwa Wise Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.74. Shinwa Wise Holdings Co's value of 1.96 is 12.6% above this benchmark. Historically, Shinwa Wise Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.77 to 4.89 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 1.74, Shinwa Wise Holdings 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 Personal Services company?
The median Cyclically Adjusted PB Ratio among Personal Services companies is 1.74, based on 61 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. Shinwa Wise Holdings Co's current Cyclically Adjusted PB Ratio of 1.96 is 12.6% 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 Shinwa Wise Holdings Co and its competitors. For the Personal Services industry, the median Cyclically Adjusted PB Ratio is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinwa Wise Holdings Co's current Cyclically Adjusted PB Ratio is 1.96, which is 31% above median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinwa Wise Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Shinwa Wise Holdings Co (TSE:2437) is currently considered Significantly Overvalued. The stock's GF Value™ is 円231.80, compared to a current price of 円609.00 — trading 162.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.96, which is 31% above median its 10-year median of 1.50 and 12.6% above the Personal Services industry median of 1.74. Shinwa Wise Holdings Co's overall GF Score™ is 39/100 with 3 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 Shinwa Wise Holdings Co (TSE:2437), the current Cyclically Adjusted PB Ratio is 1.96 as of Sep. 13, 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 Shinwa Wise Holdings Co (TSE:2437) Overvalued in 2026?

Based on GuruFocus' analysis, Shinwa Wise Holdings Co stock appears to be overvalued. The current stock price of 円609.00 is trading 162.7% above its estimated GF Value™ of 円231.80. GuruFocus considers Shinwa Wise Holdings Co to be Significantly Overvalued.

Key valuation signals for TSE:2437:

  • Cyclically Adjusted PB Ratio: 1.96 (31% above median its 10-year median of 1.50)
  • GF Value™: 円231.80 vs. price of 円609.00 (162.7% above fair value)
  • GF Score™: 39/100 with 3 warning signs
  • Industry Position: 12.6% above the Personal Services median (#35 of 61)

No single metric tells the full story. See the TSE:2437 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinwa Wise Holdings Co Business Description

Address 2-3-2 Marunouchi, 2nd Floor, Yusen Building, Chiyoda-ku, Tokyo, JPN, 100-0005
Shinwa Wise Holdings Co Ltd is engaged in arranging & operating auctions and buying and selling antiques, consignment selling, export-import activities. Its auctions include the modern art auction, modern ceramics, auction, modern art PartII auction, other auctions such as post-war and contemporary art, wine, European decorative art. Its segments include: Art-related business; and Other businesses.
39GF Score

Get the complete analysis for TSE:2437

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

円609.00
Price
円231.80
GF Value