WDB Holdings Co (TSE:2475) Cyclically Adjusted PB Ratio: 1.57 (As of Aug. 18, 2026) — 56% Below Median

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TSE:2475 WDB Holdings Co Ltd TSE:2475
82 GF Score
Price 円1,841.00
GF Value 円1,799.26
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is WDB Holdings Co Cyclically Adjusted PB Ratio?

WDB Holdings Co TSE:2475 +1.99% 82 Cyclically Adjusted PB Ratio is 1.57 as of Aug. 18, 2026, which is 56% below its 10-year median of 3.60. GuruFocus rates TSE:2475 with a GF Score™ of 82/100 and a GF Value™ of 円1,799.26 (Fairly Valued). The stock has 5 warning signs investors should review. Among 719 Business Services companies, WDB Holdings Co ranks better than 50.07% on this metric.

As of today (2026-08-18), WDB Holdings Co's current share price is 円1841.00. WDB Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,170.45. WDB Holdings Co's Cyclically Adjusted PB Ratio for today is 1.57.

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

TSE:2475' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.27   Med: 3.6   Max: 11.48
Current: 1.54

During the past years, WDB Holdings Co's highest Cyclically Adjusted PB Ratio was 11.48. The lowest was 1.27. And the median was 3.60.

TSE:2475's Cyclically Adjusted PB Ratio is ranked better than
50.07% of 719 companies
in the Business Services industry
Industry Median: 1.54 vs TSE:2475: 1.54

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.

WDB Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,709.540. 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1,170.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


WDB Holdings Co  (TSE:2475) 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.


WDB Holdings Co Cyclically Adjusted PB Ratio Related Terms


WDB Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for WDB 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.

WDB Holdings Co Cyclically Adjusted PB Ratio Chart

WDB Holdings Co 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 4.10 2.51 2.50 1.72 1.30

WDB Holdings Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.52 1.52 1.42 1.30 0.00

TSE:2475 vs KFY, RHI, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, WDB 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.


WDB Holdings Co Cyclically Adjusted PB Ratio vs Business Services Industry

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

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


TSE:2475
82GF Score
WDB Holdings Co Ltd TSE:2475
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WDB 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1841.00/1170.45
=1.57

* 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.

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

For example, WDB Holdings Co'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)
=1709.54/112.7000*112.7000
=1,709.540

Current CPI (Mar. 2026) = 112.7000.

WDB Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 485.400 98.100 557.641
201609 505.013 98.000 580.765
201612 533.363 98.400 610.874
201703 567.825 98.100 652.333
201706 613.801 98.500 702.288
201709 655.708 98.800 747.958
201712 680.333 99.400 771.363
201803 695.527 99.200 790.180
201806 721.173 99.200 819.317
201809 760.580 99.900 858.032
201812 799.368 99.700 903.599
201903 820.293 99.700 927.252
201906 837.512 99.800 945.768
201909 876.814 100.100 987.182
201912 930.779 100.500 1,043.769
202003 974.391 100.300 1,094.854
202006 998.734 99.900 1,126.700
202009 1,039.743 99.900 1,172.963
202012 1,073.637 99.300 1,218.519
202103 1,105.089 99.900 1,246.682
202106 1,137.983 99.500 1,288.952
202109 1,187.423 100.100 1,336.889
202112 1,223.770 100.100 1,377.811
202203 1,272.259 101.100 1,418.235
202206 1,289.874 101.800 1,427.984
202209 1,332.925 103.100 1,457.038
202212 1,350.485 104.100 1,462.052
202303 1,405.744 104.400 1,517.503
202306 1,407.836 105.200 1,508.205
202309 1,453.843 106.200 1,542.826
202312 1,482.421 106.800 1,564.315
202403 1,529.850 107.200 1,608.340
202406 1,516.001 108.200 1,579.051
202409 1,557.336 108.900 1,611.678
202412 1,578.222 110.700 1,606.735
202503 1,624.010 111.100 1,647.398
202506 1,628.685 111.700 1,643.266
202509 1,662.537 112.000 1,672.928
202512 79.241 113.000 79.031
202603 1,709.540 112.700 1,709.540

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 1.57 mean?
WDB Holdings Co (TSE:2475) has a Cyclically Adjusted PB Ratio of 1.57 as of Aug. 18, 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 WDB Holdings Co and its competitors. This is 56% below median its historical median of 3.60. Over the past decade, WDB Holdings Co's Cyclically Adjusted PB Ratio has ranged from 1.27 to 11.48. According to the industry distribution chart, WDB Holdings Co ranks #359 out of 719 companies in the Business Services industry, placing it in the top 49.9%.
Is WDB Holdings Co's Cyclically Adjusted PB Ratio too high?
WDB Holdings Co's current Cyclically Adjusted PB Ratio of 1.57 is 56% below median its 10-year median of 3.60. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 11.48. The Business Services industry median Cyclically Adjusted PB Ratio is 1.54. WDB Holdings Co's value of 1.57 is 1.9% above this industry median. Based on the distribution chart, WDB Holdings Co ranks #359 out of 719 companies in the Business Services industry, which is above the industry midpoint. Overall, WDB Holdings Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does WDB Holdings Co's Cyclically Adjusted PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, WDB Holdings Co ranks #359 out of 719 companies for Cyclically Adjusted PB Ratio. This puts WDB Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. WDB Holdings Co's value of 1.57 is 1.9% above this benchmark. Historically, WDB Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 1.27 to 11.48 over the past decade. While the company's 10-year median is 3.60 vs. the industry median of 1.54, WDB 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.54, based on 719 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. WDB Holdings Co's current Cyclically Adjusted PB Ratio of 1.57 is 1.9% 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 WDB Holdings 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. WDB Holdings Co's current Cyclically Adjusted PB Ratio is 1.57, which is 56% below median its own 10-year median of 3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WDB Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, WDB Holdings Co (TSE:2475) is currently considered Fairly Valued. The stock's GF Value™ is 円1,799.26, compared to a current price of 円1,841.00 — trading 2.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.57, which is 56% below median its 10-year median of 3.60 and 1.9% above the Business Services industry median of 1.54. WDB Holdings Co's overall GF Score™ is 82/100 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 WDB Holdings Co (TSE:2475), the current Cyclically Adjusted PB Ratio is 1.57 as of Aug. 18, 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 WDB Holdings Co (TSE:2475) Overvalued in 2026?

Based on GuruFocus' analysis, WDB Holdings Co stock appears to be overvalued. The current stock price of 円1,841.00 is trading 2.3% above its estimated GF Value™ of 円1,799.26. GuruFocus considers WDB Holdings Co to be Fairly Valued.

Key valuation signals for TSE:2475:

  • Cyclically Adjusted PB Ratio: 1.57 (56% below median its 10-year median of 3.60)
  • GF Value™: 円1,799.26 vs. price of 円1,841.00 (2.3% above fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 1.9% above the Business Services median (#359 of 719)

No single metric tells the full story. See the TSE:2475 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WDB Holdings Co Business Description

Address 79 Toyosawa-cho, Hyogo, Himeji, JPN, 670-0964
WDB Holdings Co Ltd is a Japan based holding company engaged in providing human resource services. It specializes in temporary staffing and permanent employee introductions in fields such as biotechnology and chemistry research and development. The company operates in the businesses of Human resource services, CRO business, Contract research business, and Interaction business. In Human resource services, the company provides temporary staffing and recruiting services. In the CRO business, it offers support from basic research to clinical trials in the pharmaceutical, medical and other industries. The company operates contract research business in the fields of new materials, marine organism and industrial machinery.
82GF Score

Get the complete analysis for TSE:2475

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

円1,841.00
Price
円1,799.26
GF Value