ITO EN (TSE:25935) Cyclically Adjusted PB Ratio: 2.00 (As of Aug. 09, 2026) — 56% Below Median

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TSE:25935 ITO EN Ltd TSE:25935
67 GF Score
Price 円1,783.00
GF Value 円2,450.85
Valuation Modestly Undervalued
! 1 Warning Sign
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What is ITO EN Cyclically Adjusted PB Ratio?

ITO EN TSE:25935 +0.22% 67 Cyclically Adjusted PB Ratio is 2.00 as of Aug. 09, 2026, which is 56% below its 10-year median of 4.52. GuruFocus rates TSE:25935 with a GF Score™ of 67/100 and a GF Value™ of 円2,450.85 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 86 Beverages - Non-Alcoholic companies, ITO EN ranks better than 53.49% on this metric.

As of today (2026-08-09), ITO EN's current share price is 円1783.00. ITO EN's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was 円892.88. ITO EN's Cyclically Adjusted PB Ratio for today is 2.00.

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

TSE:25935' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.88   Med: 4.52   Max: 7.44
Current: 2.07

During the past years, ITO EN's highest Cyclically Adjusted PB Ratio was 7.44. The lowest was 1.88. And the median was 4.52.

TSE:25935's Cyclically Adjusted PB Ratio is ranked better than
53.49% of 86 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.245 vs TSE:25935: 2.07

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.

ITO EN's adjusted book value per share data for the three months ended in Apr. 2026 was 円1,529.281. 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892.88 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ITO EN  (TSE:25935) 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.


ITO EN Cyclically Adjusted PB Ratio Related Terms


ITO EN Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ITO EN'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.

ITO EN Cyclically Adjusted PB Ratio Chart

ITO EN Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.67 3.44 2.95 2.48 2.02

ITO EN Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 2.48 2.36 2.24 2.00 2.02

TSE:25935 vs KO, PEP, MNST: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, ITO EN'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.


ITO EN Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

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

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


TSE:25935
67GF Score
ITO EN Ltd TSE:25935
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ITO EN 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.

ITO EN's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1783.00/892.88
=2.00

* 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.

ITO EN's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, ITO EN's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=1529.281/113.0000*113.0000
=1,529.281

Current CPI (Apr. 2026) = 113.0000.

ITO EN Quarterly Data

Book Value per Share CPI Adj_Book
201607 1,020.275 97.900 1,177.641
201610 1,061.361 98.600 1,216.367
201701 1,089.631 98.200 1,253.852
201704 1,107.004 98.500 1,269.964
201707 1,119.055 98.300 1,286.401
201710 1,169.659 98.800 1,337.768
201801 1,146.994 99.500 1,302.616
201804 1,167.945 99.100 1,331.764
201807 1,169.791 99.200 1,332.524
201810 1,213.033 100.200 1,367.991
201901 1,194.701 99.700 1,354.074
201904 1,231.717 100.000 1,391.840
201907 1,220.022 99.800 1,381.388
201910 1,264.529 100.400 1,423.225
202001 1,261.601 100.500 1,418.517
202004 1,224.654 100.200 1,381.097
202007 1,218.724 100.000 1,377.158
202010 1,241.488 99.800 1,405.693
202101 1,233.199 99.800 1,396.307
202104 1,252.946 99.100 1,428.687
202107 1,265.301 99.700 1,434.092
202110 1,298.546 99.900 1,468.826
202201 1,298.769 100.300 1,463.219
202204 1,337.199 101.500 1,488.704
202207 1,355.808 102.300 1,497.618
202210 1,400.787 103.700 1,526.412
202301 1,380.872 104.700 1,490.339
202304 1,410.996 105.100 1,517.056
202307 1,453.742 105.700 1,554.142
202310 1,499.727 107.100 1,582.345
202401 1,497.631 106.900 1,583.090
202404 1,518.582 107.700 1,593.313
202407 0.000 108.600 0.000
202410 1,552.116 109.500 1,601.727
202501 1,507.755 111.200 1,532.161
202504 1,514.081 111.500 1,534.450
202507 1,549.354 111.900 1,564.584
202510 1,592.516 112.800 1,595.340
202601 1,487.135 112.900 1,488.452
202604 1,529.281 113.000 1,529.281

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 2.00 mean?
ITO EN (TSE:25935) has a Cyclically Adjusted PB Ratio of 2.00 as of Aug. 09, 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 ITO EN and its competitors. This is 56% below median its historical median of 4.52. Over the past decade, ITO EN's Cyclically Adjusted PB Ratio has ranged from 1.88 to 7.44. According to the industry distribution chart, ITO EN ranks #40 out of 86 companies in the Beverages - Non-Alcoholic industry, placing it in the top 46.5%.
Is ITO EN's Cyclically Adjusted PB Ratio too high?
ITO EN's current Cyclically Adjusted PB Ratio of 2.00 is 56% below median its 10-year median of 4.52. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 7.44. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PB Ratio is 2.25. ITO EN's value of 2.00 is 10.9% below this industry median. Based on the distribution chart, ITO EN ranks #40 out of 86 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, ITO EN has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ITO EN's Cyclically Adjusted PB Ratio compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, ITO EN ranks #40 out of 86 companies for Cyclically Adjusted PB Ratio. This puts ITO EN in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.25. ITO EN's value of 2.00 is 10.9% below this benchmark. Historically, ITO EN's own Cyclically Adjusted PB Ratio has ranged from 1.88 to 7.44 over the past decade. While the company's 10-year median is 4.52 vs. the industry median of 2.25, ITO EN 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 - Non-Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Non-Alcoholic companies is 2.25, based on 86 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. ITO EN's current Cyclically Adjusted PB Ratio of 2.00 is 10.9% 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 ITO EN and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITO EN's current Cyclically Adjusted PB Ratio is 2.00, which is 56% below median its own 10-year median of 4.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITO EN stock overvalued right now?
Based on GuruFocus' analysis, ITO EN (TSE:25935) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,450.85, compared to a current price of 円1,783.00 — trading 27.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.00, which is 56% below median its 10-year median of 4.52 and 10.9% below the Beverages - Non-Alcoholic industry median of 2.25. ITO EN's overall GF Score™ is 67/100 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 ITO EN (TSE:25935), the current Cyclically Adjusted PB Ratio is 2.00 as of Aug. 09, 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 ITO EN (TSE:25935) Overvalued in 2026?

Based on GuruFocus' analysis, ITO EN stock appears to be undervalued. The current stock price of 円1,783.00 is trading 27.2% below its estimated GF Value™ of 円2,450.85. GuruFocus considers ITO EN to be Modestly Undervalued.

Key valuation signals for TSE:25935:

  • Cyclically Adjusted PB Ratio: 2.00 (56% below median its 10-year median of 4.52)
  • GF Value™: 円2,450.85 vs. price of 円1,783.00 (27.2% below fair value)
  • GF Score™: 67/100 with 1 warning sign
  • Industry Position: 10.9% below the Beverages - Non-Alcoholic median (#40 of 86)

No single metric tells the full story. See the TSE:25935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ITO EN Business Description

Other Exchanges 2593:Japan
Address 47-10, Honmachi 3-chome, Shibuya-ku, Tokyo, JPN, 151-8550
ITO EN Ltd makes beverages and other tea and nutritional products that it sells in Japan. Ito En primarily sells green tea products, including ready-to-drink beverages, tea bags, and other tea leaf products, under its Oi Ocha brand. Other beverages the company sells include black tea, Chinese tea, coffee, vegetable beverages, fruit beverages, mineral water, and functional beverages. The Leaf- and Drink-Related business segment makes up roughly 90% of the company's total revenue. Most remaining revenue is generated from Ito En's restaurant business, which operates hundreds of Tully's coffee shops in Japan.
67GF Score

Get the complete analysis for TSE:25935

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

円1,783.00
Price
円2,450.85
GF Value