Aoba-BBT (TSE:2464) Cyclically Adjusted PB Ratio: 0.95 (As of Aug. 13, 2026) — 23% Below Median

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TSE:2464 Aoba-BBT Inc TSE:2464
67 GF Score
Price 円346.00
GF Value 円377.86
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Aoba-BBT Cyclically Adjusted PB Ratio?

Aoba-BBT TSE:2464 +2.37% 67 Cyclically Adjusted PB Ratio is 0.95 as of Aug. 13, 2026, which is 23% below its 10-year median of 1.24. GuruFocus rates TSE:2464 with a GF Score™ of 67/100 and a GF Value™ of 円377.86 (Fairly Valued). The stock has 2 warning signs investors should review. Among 160 Education companies, Aoba-BBT ranks better than 58.12% on this metric.

As of today (2026-08-13), Aoba-BBT's current share price is 円346.00. Aoba-BBT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円365.60. Aoba-BBT's Cyclically Adjusted PB Ratio for today is 0.95.

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

TSE:2464' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.24   Max: 1.72
Current: 0.89

During the past years, Aoba-BBT's highest Cyclically Adjusted PB Ratio was 1.72. The lowest was 0.84. And the median was 1.24.

TSE:2464's Cyclically Adjusted PB Ratio is ranked better than
58.12% of 160 companies
in the Education industry
Industry Median: 1.15 vs TSE:2464: 0.89

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.

Aoba-BBT's adjusted book value per share data for the three months ended in Mar. 2026 was 円370.001. 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365.60 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aoba-BBT  (TSE:2464) 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.


Aoba-BBT Cyclically Adjusted PB Ratio Related Terms


Aoba-BBT Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aoba-BBT'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.

Aoba-BBT Cyclically Adjusted PB Ratio Chart

Aoba-BBT Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 1.39 1.13 0.88 0.94

Aoba-BBT Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.88 0.96 0.98 0.92 0.94

TSE:2464 vs EDU, TAL, LAUR: Cyclically Adjusted PB Ratio Comparison

For the Education & Training Services subindustry, Aoba-BBT'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.


Aoba-BBT Cyclically Adjusted PB Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, Aoba-BBT's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Aoba-BBT's Cyclically Adjusted PB Ratio falls into.


TSE:2464
67GF Score
Aoba-BBT Inc TSE:2464
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aoba-BBT 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.

Aoba-BBT's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=346.00/365.60
=0.95

* 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.

Aoba-BBT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Aoba-BBT'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)
=370.001/112.7000*112.7000
=370.001

Current CPI (Mar. 2026) = 112.7000.

Aoba-BBT Quarterly Data

Book Value per Share CPI Adj_Book
201603 316.763 97.900 364.650
201606 318.636 98.100 366.058
201609 319.368 98.000 367.273
201612 320.512 98.400 367.090
201703 324.681 98.100 373.003
201706 324.336 98.500 371.093
201709 328.690 98.800 374.933
201712 329.870 99.400 374.008
201803 331.374 99.200 376.470
201806 328.592 99.200 373.310
201809 333.189 99.900 375.880
201812 336.315 99.700 380.168
201903 337.522 99.700 381.532
201906 329.980 99.800 372.633
201909 331.547 100.100 373.280
201912 329.989 100.500 370.047
202003 327.314 100.300 367.780
202006 309.784 99.900 349.476
202009 318.335 99.900 359.123
202012 319.964 99.300 363.141
202103 323.626 99.900 365.092
202106 300.230 99.500 340.060
202109 308.196 100.100 346.990
202112 310.756 100.100 349.872
202203 313.046 101.100 348.964
202206 301.944 101.800 334.274
202209 356.993 103.100 390.234
202212 361.043 104.100 390.870
202303 353.503 104.400 381.607
202306 337.821 105.200 361.905
202309 345.632 106.200 366.787
202312 337.782 106.800 356.442
202403 351.570 107.200 369.608
202406 340.500 108.200 354.661
202409 347.274 108.900 359.392
202503 360.354 111.100 365.544
202506 350.054 111.700 353.188
202509 356.227 112.000 358.453
202512 360.051 113.000 359.095
202603 370.001 112.700 370.001

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 0.95 mean?
Aoba-BBT (TSE:2464) has a Cyclically Adjusted PB Ratio of 0.95 as of Aug. 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 Aoba-BBT and its competitors. This is 23% below median its historical median of 1.24. Over the past decade, Aoba-BBT's Cyclically Adjusted PB Ratio has ranged from 0.84 to 1.72. According to the industry distribution chart, Aoba-BBT ranks #67 out of 160 companies in the Education industry, placing it in the top 41.9%.
Is Aoba-BBT's Cyclically Adjusted PB Ratio too high?
Aoba-BBT's current Cyclically Adjusted PB Ratio of 0.95 is 23% below median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.72. The Education industry median Cyclically Adjusted PB Ratio is 1.15. Aoba-BBT's value of 0.95 is 17.4% below this industry median. Based on the distribution chart, Aoba-BBT ranks #67 out of 160 companies in the Education industry, which is above the industry midpoint. Overall, Aoba-BBT has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aoba-BBT's Cyclically Adjusted PB Ratio compare to EDU and TAL?
According to the Education industry distribution chart, Aoba-BBT ranks #67 out of 160 companies for Cyclically Adjusted PB Ratio. This puts Aoba-BBT in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. Aoba-BBT's value of 0.95 is 17.4% below this benchmark. Historically, Aoba-BBT's own Cyclically Adjusted PB Ratio has ranged from 0.84 to 1.72 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 1.15, Aoba-BBT 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 an Education company?
The median Cyclically Adjusted PB Ratio among Education companies is 1.15, based on 160 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. Aoba-BBT's current Cyclically Adjusted PB Ratio of 0.95 is 17.4% 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 Aoba-BBT and its competitors. For the Education industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aoba-BBT's current Cyclically Adjusted PB Ratio is 0.95, which is 23% below median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aoba-BBT stock overvalued right now?
Based on GuruFocus' analysis, Aoba-BBT (TSE:2464) is currently considered Fairly Valued. The stock's GF Value™ is 円377.86, compared to a current price of 円346.00 — trading 8.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.95, which is 23% below median its 10-year median of 1.24 and 17.4% below the Education industry median of 1.15. Aoba-BBT's overall GF Score™ is 67/100 with 2 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 Aoba-BBT (TSE:2464), the current Cyclically Adjusted PB Ratio is 0.95 as of Aug. 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 Aoba-BBT (TSE:2464) Overvalued in 2026?

Based on GuruFocus' analysis, Aoba-BBT stock appears to be undervalued. The current stock price of 円346.00 is trading 8.4% below its estimated GF Value™ of 円377.86. GuruFocus considers Aoba-BBT to be Fairly Valued.

Key valuation signals for TSE:2464:

  • Cyclically Adjusted PB Ratio: 0.95 (23% below median its 10-year median of 1.24)
  • GF Value™: 円377.86 vs. price of 円346.00 (8.4% below fair value)
  • GF Score™: 67/100 with 2 warning signs
  • Industry Position: 17.4% below the Education median (#67 of 160)

No single metric tells the full story. See the TSE:2464 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aoba-BBT Business Description

Address 1-7 Rokubancho, hmae@work Building, Chiyoda-ku, Tokyo, JPN, 102-0085
Aoba-BBT Inc is engaged in the provision of the education business. The company provides e-learning business and management solutions. It also engages in the management of education business and content business.
67GF Score

Get the complete analysis for TSE:2464

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

円346.00
Price
円377.86
GF Value