Townnews-Sha Co (TSE:2481) Cyclically Adjusted PB Ratio: 0.87 (As of Aug. 23, 2026) — Near 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:2481 Townnews-Sha Co Ltd TSE:2481
71 GF Score
Price 円662.00
GF Value 円767.10
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Townnews-Sha Co Cyclically Adjusted PB Ratio?

Townnews-Sha Co TSE:2481 -0.30% 71 Cyclically Adjusted PB Ratio is 0.87 as of Aug. 23, 2026, which is 2% below its 10-year median of 0.89. GuruFocus rates TSE:2481 with a GF Score™ of 71/100 and a GF Value™ of 円767.10 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 675 Media - Diversified companies, Townnews-Sha Co ranks better than 54.07% on this metric.

As of today (2026-08-23), Townnews-Sha Co's current share price is 円662.00. Townnews-Sha Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円760.65. Townnews-Sha Co's Cyclically Adjusted PB Ratio for today is 0.87.

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

TSE:2481' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 0.89   Max: 1.25
Current: 0.87

During the past years, Townnews-Sha Co's highest Cyclically Adjusted PB Ratio was 1.25. The lowest was 0.61. And the median was 0.89.

TSE:2481's Cyclically Adjusted PB Ratio is ranked better than
54.07% of 675 companies
in the Media - Diversified industry
Industry Median: 0.99 vs TSE:2481: 0.87

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.

Townnews-Sha Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,004.741. 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760.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Townnews-Sha Co  (TSE:2481) 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.


Townnews-Sha Co Cyclically Adjusted PB Ratio Related Terms


Townnews-Sha Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Townnews-Sha 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.

Townnews-Sha Co Cyclically Adjusted PB Ratio Chart

Townnews-Sha Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 1.08 1.11 0.97 0.00

Townnews-Sha Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 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 0.97 0.94 0.92 0.91 0.00

TSE:2481 vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Townnews-Sha 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.


Townnews-Sha Co Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Townnews-Sha Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2481
71GF Score
Townnews-Sha Co Ltd TSE:2481
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Townnews-Sha 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.

Townnews-Sha Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=662.00/760.65
=0.87

* 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.

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

For example, Townnews-Sha 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)
=1004.741/112.7000*112.7000
=1,004.741

Current CPI (Mar. 2026) = 112.7000.

Townnews-Sha Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 538.597 98.100 618.755
201603 560.022 97.900 644.683
201606 561.352 98.100 644.897
201609 560.758 98.000 644.872
201612 568.683 98.400 651.327
201703 587.104 98.100 674.481
201706 583.599 98.500 667.732
201709 577.233 98.800 658.443
201712 588.356 99.400 667.080
201803 613.092 99.200 696.527
201806 609.167 99.200 692.068
201809 604.356 99.900 681.791
201812 597.815 99.700 675.765
201903 635.354 99.700 718.199
201906 633.193 99.800 715.039
201909 629.314 100.100 708.528
201912 637.366 100.500 714.738
202003 649.187 100.300 729.445
202006 633.640 99.900 714.827
202009 623.426 99.900 703.304
202012 629.009 99.300 713.890
202103 666.037 99.900 751.375
202106 666.528 99.500 754.952
202109 668.783 100.100 752.965
202112 674.897 100.100 759.849
202203 716.708 101.100 798.942
202206 712.139 101.800 788.390
202209 709.324 103.100 775.372
202212 730.165 104.100 790.486
202303 782.270 104.400 844.462
202306 788.204 105.200 844.397
202309 792.411 106.200 840.911
202312 806.416 106.800 850.965
202403 861.906 107.200 906.127
202406 869.466 108.200 905.627
202412 883.123 110.700 899.078
202506 925.210 111.700 933.493
202509 930.664 112.000 936.481
202512 953.714 113.000 951.182
202603 1,004.741 112.700 1,004.741

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 0.87 mean?
Townnews-Sha Co (TSE:2481) has a Cyclically Adjusted PB Ratio of 0.87 as of Aug. 23, 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 Townnews-Sha Co and its competitors. This is near median its historical median of 0.89. Over the past decade, Townnews-Sha Co's Cyclically Adjusted PB Ratio has ranged from 0.61 to 1.25. According to the industry distribution chart, Townnews-Sha Co ranks #310 out of 675 companies in the Media - Diversified industry, placing it in the top 45.9%.
Is Townnews-Sha Co's Cyclically Adjusted PB Ratio too high?
Townnews-Sha Co's current Cyclically Adjusted PB Ratio of 0.87 is near median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.25. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.99. Townnews-Sha Co's value of 0.87 is 12.1% below this industry median. Based on the distribution chart, Townnews-Sha Co ranks #310 out of 675 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Townnews-Sha Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Townnews-Sha Co's Cyclically Adjusted PB Ratio compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Townnews-Sha Co ranks #310 out of 675 companies for Cyclically Adjusted PB Ratio. This puts Townnews-Sha Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. Townnews-Sha Co's value of 0.87 is 12.1% below this benchmark. Historically, Townnews-Sha Co's own Cyclically Adjusted PB Ratio has ranged from 0.61 to 1.25 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.99, Townnews-Sha Co 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.99, based on 675 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. Townnews-Sha Co's current Cyclically Adjusted PB Ratio of 0.87 is 12.1% 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 Townnews-Sha Co and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Townnews-Sha Co's current Cyclically Adjusted PB Ratio is 0.87, which is near median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Townnews-Sha Co stock overvalued right now?
Based on GuruFocus' analysis, Townnews-Sha Co (TSE:2481) is currently considered Modestly Undervalued. The stock's GF Value™ is 円767.10, compared to a current price of 円662.00 — trading 13.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.87, which is near median its 10-year median of 0.89 and 12.1% below the Media - Diversified industry median of 0.99. Townnews-Sha Co's overall GF Score™ is 71/100 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 Townnews-Sha Co (TSE:2481), the current Cyclically Adjusted PB Ratio is 0.87 as of Aug. 23, 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 Townnews-Sha Co (TSE:2481) Overvalued in 2026?

Based on GuruFocus' analysis, Townnews-Sha Co stock appears to be undervalued. The current stock price of 円662.00 is trading 13.7% below its estimated GF Value™ of 円767.10. GuruFocus considers Townnews-Sha Co to be Modestly Undervalued.

Key valuation signals for TSE:2481:

  • Cyclically Adjusted PB Ratio: 0.87 (near median its 10-year median of 0.89)
  • GF Value™: 円767.10 vs. price of 円662.00 (13.7% below fair value)
  • GF Score™: 71/100 with 1 warning sign
  • Industry Position: 12.1% below the Media - Diversified median (#310 of 675)

No single metric tells the full story. See the TSE:2481 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Townnews-Sha Co Business Description

Address Edanishi 2-1-3, Aoba-ku, Yokohama, Kanagawa, JPN
Townnews-Sha Co Ltd is engaged in the planning, production, printing of various printed materials, and creation and management of websites. It also provides a local information newspaper which contains familiar information about politics, economics, society, culture, and sports, as well as the sale of advertising spaces in the paper.
71GF Score

Get the complete analysis for TSE:2481

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

円662.00
Price
円767.10
GF Value