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Asahi Group HoldingsTSE:2502 -1.75%78 Cyclically Adjusted PB Ratio is 1.30 as of Aug. 05, 2026, which is 38% below its 10-year median of 2.09. GuruFocus rates TSE:2502 with a GF Score™ of 78/100 and a GF Value™ of 円2,015.21 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 166 Beverages - Alcoholic companies, Asahi Group Holdings ranks better than 50.6% on this metric.
The historical rank and industry rank for Asahi Group Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:2502'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.18 Med: 2.09 Max: 3.76
Current: 1.4
During the past years, Asahi Group Holdings's highest Cyclically Adjusted PB Ratio was 3.76. The lowest was 1.18. And the median was 2.09.
TSE:2502's Cyclically Adjusted PB Ratio is ranked better than 50.6% of 166
companies
in the Beverages - Alcoholic industry
Industry Median: 1.415
vs TSE:2502: 1.40
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.
Asahi Group Holdings's adjusted book value per share data for the three months ended in Dec. 2025 was 円2,053.147. 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1,249.04 for the trailing ten years ended in Dec. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
Asahi Group Holdings (TSE:2502) 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.
Asahi Group Holdings Cyclically Adjusted PB Ratio Related Terms
Asahi Group Holdings Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Asahi Group Holdings'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.
Asahi Group Holdings Cyclically Adjusted PB Ratio Chart
TSE:2502 vs STZ, TAP: Cyclically Adjusted PB Ratio Comparison
For the Beverages - Brewers subindustry, Asahi Group Holdings'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.
Asahi Group Holdings Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Asahi Group Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Asahi Group Holdings's Cyclically Adjusted PB Ratio falls into.
Asahi Group Holdings 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.
* 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.
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 1.30 mean?
Asahi Group Holdings (TSE:2502) has a Cyclically Adjusted PB Ratio of 1.30 as of Aug. 05, 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 Asahi Group Holdings and its competitors. This is 38% below median its historical median of 2.09. Over the past decade, Asahi Group Holdings' Cyclically Adjusted PB Ratio has ranged from 1.18 to 3.76. According to the industry distribution chart, Asahi Group Holdings ranks #82 out of 166 companies in the Beverages - Alcoholic industry, placing it in the top 49.4%.
Is Asahi Group Holdings' Cyclically Adjusted PB Ratio too high?
Asahi Group Holdings' current Cyclically Adjusted PB Ratio of 1.30 is 38% below median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 3.76. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.42. Asahi Group Holdings' value of 1.30 is 8.1% below this industry median. Based on the distribution chart, Asahi Group Holdings ranks #82 out of 166 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Asahi Group Holdings has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Group Holdings' Cyclically Adjusted PB Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Asahi Group Holdings ranks #82 out of 166 companies for Cyclically Adjusted PB Ratio. This puts Asahi Group Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.42. Asahi Group Holdings' value of 1.30 is 8.1% below this benchmark. Historically, Asahi Group Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.18 to 3.76 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 1.42, Asahi Group Holdings 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.42, based on 166 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. Asahi Group Holdings's current Cyclically Adjusted PB Ratio of 1.30 is 8.1% 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 Asahi Group Holdings and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Group Holdings's current Cyclically Adjusted PB Ratio is 1.30, which is 38% below median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asahi Group Holdings (TSE:2502) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,015.21, compared to a current price of 円1,628.50 — trading 19.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.30, which is 38% below median its 10-year median of 2.09 and 8.1% below the Beverages - Alcoholic industry median of 1.42. Asahi Group Holdings' overall GF Score™ is 78/100 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 Asahi Group Holdings (TSE:2502), the current Cyclically Adjusted PB Ratio is 1.30 as of Aug. 05, 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 Asahi Group Holdings (TSE:2502) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Group Holdings stock appears to be undervalued.
The current stock price of 円1,628.50 is trading 19.2% below its estimated GF Value™ of 円2,015.21.
GuruFocus considers Asahi Group Holdings to be Modestly Undervalued.
Key valuation signals for TSE:2502:
Cyclically Adjusted PB Ratio: 1.30 (38% below median its 10-year median of 2.09)
GF Value™: 円2,015.21 vs. price of 円1,628.50 (19.2% below fair value)
Industry Position: 8.1% below the Beverages - Alcoholic median (#82 of 166)
No single metric tells the full story. See the TSE:2502 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi is the largest brewer in Japan with a nearly 40% market share, led by its Asahi Super Dry brand. It also operates a wide range of alcoholic and soft beverage products as well as packaged foods, mainly in Japan. Overseas markets accounted for over half of the company's revenue and close to 60% of operating profit, with Australia and Europe being two major markets. It acquired SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017 from Anheuser-Busch InBev. In Australia, Asahi holds market leaderships across beer and soft drinks segments, through its acquisitions of Schweppes Australia in 2009 and Carlton & United Breweries in 2020.
78GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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