Oenon Holdings (TSE:2533) Cyclically Adjusted PB Ratio: 1.21 (As of Aug. 10, 2026) — Near Median

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TSE:2533 Oenon Holdings Inc TSE:2533
68 GF Score
Price 円447.00
GF Value 円442.18
Valuation Fairly Valued
! 1 Warning Sign
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What is Oenon Holdings Cyclically Adjusted PB Ratio?

Oenon Holdings TSE:2533 68 Cyclically Adjusted PB Ratio is 1.21 as of Aug. 10, 2026, which is 2% below its 10-year median of 1.23. GuruFocus rates TSE:2533 with a GF Score™ of 68/100 and a GF Value™ of 円442.18 (Fairly Valued). The stock has 1 warning sign investors should review. Among 165 Beverages - Alcoholic companies, Oenon Holdings ranks better than 56.36% on this metric.

As of today (2026-08-10), Oenon Holdings's current share price is 円447.00. Oenon Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円370.49. Oenon Holdings's Cyclically Adjusted PB Ratio for today is 1.21.

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

TSE:2533' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.23   Max: 1.73
Current: 1.21

During the past years, Oenon Holdings's highest Cyclically Adjusted PB Ratio was 1.73. The lowest was 0.72. And the median was 1.23.

TSE:2533's Cyclically Adjusted PB Ratio is ranked better than
56.36% of 165 companies
in the Beverages - Alcoholic industry
Industry Median: 1.44 vs TSE:2533: 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.

Oenon Holdings's adjusted book value per share data for the three months ended in Dec. 2025 was 円464.665. 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370.49 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oenon Holdings  (TSE:2533) 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.


Oenon Holdings Cyclically Adjusted PB Ratio Related Terms


Oenon Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Oenon 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.

Oenon Holdings Cyclically Adjusted PB Ratio Chart

Oenon Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.16 0.79 1.05 1.11 1.37

Oenon Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 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 1.24 1.54 1.63 1.37 0.00

TSE:2533 vs BF.B: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Oenon 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.


Oenon Holdings Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Oenon Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2533
68GF Score
Oenon Holdings Inc TSE:2533
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oenon 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=447.00/370.49
=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.

Oenon Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Oenon Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=464.665/113.0000*113.0000
=464.665

Current CPI (Dec. 2025) = 113.0000.

Oenon Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201512 298.867 98.100 344.261
201603 289.048 97.900 333.630
201606 296.810 98.100 341.891
201609 299.743 98.000 345.622
201612 302.472 98.400 347.351
201703 291.201 98.100 335.430
201706 297.538 98.500 341.338
201709 295.942 98.800 338.476
201712 317.370 99.400 360.793
201803 311.612 99.200 354.961
201806 321.689 99.200 366.440
201809 314.359 99.900 355.581
201812 315.633 99.700 357.739
201903 309.311 99.700 350.573
201906 316.410 99.800 358.260
201909 317.867 100.100 358.831
201912 328.353 100.500 369.193
202003 318.260 100.300 358.558
202006 324.158 99.900 366.665
202009 326.850 99.900 369.710
202012 336.373 99.300 382.781
202103 334.892 99.900 378.807
202106 340.495 99.500 386.693
202109 337.181 100.100 380.634
202112 336.715 100.100 380.108
202203 327.848 101.100 366.437
202206 320.495 101.800 355.756
202209 310.080 103.100 339.855
202212 305.200 104.100 331.293
202303 314.356 104.400 340.251
202306 336.105 105.200 361.025
202309 346.739 106.200 368.941
202312 367.291 106.800 388.613
202403 376.069 107.200 396.416
202406 389.658 108.200 406.944
202412 414.611 110.700 423.225
202503 412.928 111.100 419.990
202506 435.165 111.700 440.230
202509 447.814 112.000 451.812
202512 464.665 113.000 464.665

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?
Oenon Holdings (TSE:2533) has a Cyclically Adjusted PB Ratio of 1.21 as of Aug. 10, 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 Oenon Holdings and its competitors. This is near median its historical median of 1.23. Over the past decade, Oenon Holdings' Cyclically Adjusted PB Ratio has ranged from 0.72 to 1.73. According to the industry distribution chart, Oenon Holdings ranks #72 out of 165 companies in the Beverages - Alcoholic industry, placing it in the top 43.6%.
Is Oenon Holdings' Cyclically Adjusted PB Ratio too high?
Oenon Holdings' current Cyclically Adjusted PB Ratio of 1.21 is near median its 10-year median of 1.23. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.73. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.44. Oenon Holdings' value of 1.21 is 16% below this industry median. Based on the distribution chart, Oenon Holdings ranks #72 out of 165 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Oenon Holdings has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Oenon Holdings' Cyclically Adjusted PB Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Oenon Holdings ranks #72 out of 165 companies for Cyclically Adjusted PB Ratio. This puts Oenon Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.44. Oenon Holdings' value of 1.21 is 16% below this benchmark. Historically, Oenon Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.72 to 1.73 over the past decade. While the company's 10-year median is 1.23 vs. the industry median of 1.44, Oenon 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 1.44, based on 165 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. Oenon Holdings's current Cyclically Adjusted PB Ratio of 1.21 is 16% 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 Oenon Holdings and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oenon Holdings's current Cyclically Adjusted PB Ratio is 1.21, which is near median its own 10-year median of 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oenon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Oenon Holdings (TSE:2533) is currently considered Fairly Valued. The stock's GF Value™ is 円442.18, compared to a current price of 円447.00 — trading 1.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.21, which is near median its 10-year median of 1.23 and 16% below the Beverages - Alcoholic industry median of 1.44. Oenon Holdings' overall GF Score™ is 68/100 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 Oenon Holdings (TSE:2533), the current Cyclically Adjusted PB Ratio is 1.21 as of Aug. 10, 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 Oenon Holdings (TSE:2533) Overvalued in 2026?

Based on GuruFocus' analysis, Oenon Holdings stock appears to be overvalued. The current stock price of 円447.00 is trading 1.1% above its estimated GF Value™ of 円442.18. GuruFocus considers Oenon Holdings to be Fairly Valued.

Key valuation signals for TSE:2533:

  • Cyclically Adjusted PB Ratio: 1.21 (near median its 10-year median of 1.23)
  • GF Value™: 円442.18 vs. price of 円447.00 (1.1% above fair value)
  • GF Score™: 68/100 with 1 warning sign
  • Industry Position: 16% below the Beverages - Alcoholic median (#72 of 165)

No single metric tells the full story. See the TSE:2533 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Oenon Holdings Business Description

Address 1-17-6 Higashi-Komagata, Sumida-ku, Tokyo, JPN, 130-005
Oenon Holdings Inc develops alcoholic beverages, food products (Starch), enzymes, drug substances, health food materials, and is engaged in the sale and leasing of real estate.
68GF Score

Get the complete analysis for TSE:2533

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

円447.00
Price
円442.18
GF Value