TEAR (TSE:2485) Cyclically Adjusted PB Ratio: 1.21 (As of Aug. 12, 2026) — 10% 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:2485 TEAR Corp TSE:2485
61 GF Score
Price 円472.00
GF Value 円775.48
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is TEAR Cyclically Adjusted PB Ratio?

TEAR TSE:2485 -0.21% 61 Cyclically Adjusted PB Ratio is 1.21 as of Aug. 12, 2026, which is 10% below its 10-year median of 1.34. GuruFocus rates TSE:2485 with a GF Score™ of 61/100 and a GF Value™ of 円775.48 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 66 Personal Services companies, TEAR ranks better than 59.09% on this metric.

As of today (2026-08-12), TEAR's current share price is 円472.00. TEAR's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円391.06. TEAR's Cyclically Adjusted PB Ratio for today is 1.21.

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

TSE:2485' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 1.34   Max: 2.41
Current: 1.21

During the past years, TEAR's highest Cyclically Adjusted PB Ratio was 2.41. The lowest was 0.31. And the median was 1.34.

TSE:2485's Cyclically Adjusted PB Ratio is ranked better than
59.09% of 66 companies
in the Personal Services industry
Industry Median: 1.8 vs TSE:2485: 1.21

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.

TEAR's adjusted book value per share data for the three months ended in Mar. 2026 was 円401.787. 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391.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TEAR  (TSE:2485) 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.


TEAR Cyclically Adjusted PB Ratio Related Terms


TEAR Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TEAR'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.

TEAR Cyclically Adjusted PB Ratio Chart

TEAR Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.73 1.35 1.34 1.24 1.32

TEAR Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 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 1.24 1.20 1.32 1.31 1.28

TSE:2485 vs ROL, SCI, HRB: Cyclically Adjusted PB Ratio Comparison

For the Personal Services subindustry, TEAR'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.


TEAR Cyclically Adjusted PB Ratio vs Personal Services Industry

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

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


TSE:2485
61GF Score
TEAR Corp TSE:2485
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TEAR 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.

TEAR's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=472.00/391.06
=1.21

* 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.

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

For example, TEAR'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)
=401.787/112.7000*112.7000
=401.787

Current CPI (Mar. 2026) = 112.7000.

TEAR Quarterly Data

Book Value per Share CPI Adj_Book
201512 251.066 98.100 288.432
201603 266.637 97.900 306.946
201606 271.695 98.100 312.131
201609 275.761 98.000 317.125
201612 285.332 98.400 326.798
201703 300.506 98.100 345.230
201706 306.506 98.500 350.693
201709 308.440 98.800 351.834
201712 317.614 99.400 360.112
201803 335.560 99.200 381.226
201806 340.113 99.200 386.399
201809 345.606 99.900 389.888
201812 409.146 99.700 462.495
201903 398.697 99.700 450.684
201906 398.384 99.800 449.879
201909 399.009 100.100 449.234
201912 404.678 100.500 453.803
202003 415.532 100.300 466.904
202006 399.866 99.900 451.100
202009 398.438 99.900 449.489
202012 400.759 99.300 454.839
202103 410.310 99.900 462.882
202106 403.883 99.500 457.463
202109 402.678 100.100 453.365
202112 331.185 100.100 372.873
202203 345.548 101.100 385.195
202206 342.379 101.800 379.038
202209 334.747 103.100 365.916
202212 336.398 104.100 364.189
202303 349.247 104.400 377.013
202306 347.557 105.200 372.335
202309 350.180 106.200 371.613
202312 346.757 106.800 365.913
202403 363.188 107.200 381.822
202406 360.206 108.200 375.187
202409 363.697 108.900 376.388
202503 398.889 111.100 404.634
202509 382.277 112.000 384.666
202512 386.055 113.000 385.030
202603 401.787 112.700 401.787

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 1.21 mean?
TEAR (TSE:2485) has a Cyclically Adjusted PB Ratio of 1.21 as of Aug. 12, 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 TEAR and its competitors. This is 10% below median its historical median of 1.34. Over the past decade, TEAR's Cyclically Adjusted PB Ratio has ranged from 0.31 to 2.41. According to the industry distribution chart, TEAR ranks #27 out of 66 companies in the Personal Services industry, placing it in the top 40.9%.
Is TEAR's Cyclically Adjusted PB Ratio too high?
TEAR's current Cyclically Adjusted PB Ratio of 1.21 is 10% below median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 2.41. The Personal Services industry median Cyclically Adjusted PB Ratio is 1.80. TEAR's value of 1.21 is 32.8% below this industry median. Based on the distribution chart, TEAR ranks #27 out of 66 companies in the Personal Services industry, which is above the industry midpoint. Overall, TEAR has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TEAR's Cyclically Adjusted PB Ratio compare to ROL and SCI?
According to the Personal Services industry distribution chart, TEAR ranks #27 out of 66 companies for Cyclically Adjusted PB Ratio. This puts TEAR in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.80. TEAR's value of 1.21 is 32.8% below this benchmark. Historically, TEAR's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 2.41 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.80, TEAR 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 Personal Services company?
The median Cyclically Adjusted PB Ratio among Personal Services companies is 1.80, based on 66 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. TEAR's current Cyclically Adjusted PB Ratio of 1.21 is 32.8% 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 TEAR and its competitors. For the Personal Services industry, the median Cyclically Adjusted PB Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TEAR's current Cyclically Adjusted PB Ratio is 1.21, which is 10% below median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TEAR stock overvalued right now?
Based on GuruFocus' analysis, TEAR (TSE:2485) is currently considered Possible Value Trap. The stock's GF Value™ is 円775.48, compared to a current price of 円472.00 — trading 39.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.21, which is 10% below median its 10-year median of 1.34 and 32.8% below the Personal Services industry median of 1.80. TEAR's overall GF Score™ is 61/100 with 4 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 TEAR (TSE:2485), the current Cyclically Adjusted PB Ratio is 1.21 as of Aug. 12, 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 TEAR (TSE:2485) Overvalued in 2026?

Based on GuruFocus' analysis, TEAR stock appears to be undervalued. The current stock price of 円472.00 is trading 39.1% below its estimated GF Value™ of 円775.48. GuruFocus considers TEAR to be Possible Value Trap.

Key valuation signals for TSE:2485:

  • Cyclically Adjusted PB Ratio: 1.21 (10% below median its 10-year median of 1.34)
  • GF Value™: 円775.48 vs. price of 円472.00 (39.1% below fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 32.8% below the Personal Services median (#27 of 66)

No single metric tells the full story. See the TSE:2485 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TEAR Business Description

Address 3-35-1, Kurokawahontori, Kita-ku, Nagoya, Nagoya, JPN, 462-0841
TEAR Corp is engaged in the subcontracting of funeral services and legal requirements. The company also provides follow up according to contents of bereaved families and propose funeral business entrants and know how provided by franchise. Its reportable segments are the funeral business, and franchise business. The funeral business segment derives maximum revenue.
61GF Score

Get the complete analysis for TSE:2485

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

円472.00
Price
円775.48
GF Value