Oenon Holdings (TSE:2533) Cyclically Adjusted PB Ratio: (As of Aug. 15, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:2533 Oenon Holdings Inc TSE:2533
68 GF Score
Price 円458.00
GF Value 円442.37
Valuation Fairly Valued
! 1 Warning Sign
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What is Oenon Holdings Cyclically Adjusted PB Ratio?

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
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 1.54 1.63 1.37 0.00 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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Oenon Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=488.276/113.6000*113.6000
=488.276

Current CPI (Jun. 2026) = 113.6000.

Oenon Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 296.810 98.100 343.707
201609 299.743 98.000 347.457
201612 302.472 98.400 349.195
201703 291.201 98.100 337.211
201706 297.538 98.500 343.150
201709 295.942 98.800 340.273
201712 317.370 99.400 362.709
201803 311.612 99.200 356.846
201806 321.689 99.200 368.386
201809 314.359 99.900 357.469
201812 315.633 99.700 359.638
201903 309.311 99.700 352.435
201906 316.410 99.800 360.162
201909 317.867 100.100 360.736
201912 328.353 100.500 371.153
202003 318.260 100.300 360.462
202006 324.158 99.900 368.612
202009 326.850 99.900 371.673
202012 336.373 99.300 384.813
202103 334.892 99.900 380.818
202106 340.495 99.500 388.746
202109 337.181 100.100 382.655
202112 336.715 100.100 382.126
202203 327.848 101.100 368.383
202206 320.495 101.800 357.645
202209 310.080 103.100 341.659
202212 305.200 104.100 333.052
202303 314.356 104.400 342.058
202306 336.105 105.200 362.942
202309 346.739 106.200 370.900
202312 367.291 106.800 390.677
202403 376.069 107.200 398.521
202406 389.658 108.200 409.105
202412 414.611 110.700 425.473
202503 412.928 111.100 422.220
202506 435.165 111.700 442.567
202509 447.814 112.000 454.211
202512 464.665 113.000 467.132
202603 472.775 112.700 476.550
202606 488.276 113.600 488.276

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.

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458.00 is trading 3.5% above its estimated GF Value™ of 円442.37. GuruFocus considers Oenon Holdings to be Fairly Valued.

Key valuation signals for TSE:2533:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円442.37 vs. price of 円458.00 (3.5% above fair value)
  • GF Score™: 68/100 with 1 warning sign

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458.00
Price
円442.37
GF Value