Key Coffee (TSE:2594) Cyclically Adjusted PB Ratio: 1.23 (As of Aug. 19, 2026) — Near Median

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TSE:2594 Key Coffee Inc TSE:2594
62 GF Score
Price 円2,025.00
GF Value 円2,673.90
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Key Coffee Cyclically Adjusted PB Ratio?

Key Coffee TSE:2594 +0.10% 62 Cyclically Adjusted PB Ratio is 1.23 as of Aug. 19, 2026, which is 7% below its 10-year median of 1.32. GuruFocus rates TSE:2594 with a GF Score™ of 62/100 and a GF Value™ of 円2,673.90 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,386 Consumer Packaged Goods companies, Key Coffee ranks better than 51.23% on this metric.

As of today (2026-08-19), Key Coffee's current share price is 円2025.00. Key Coffee's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,650.55. Key Coffee's Cyclically Adjusted PB Ratio for today is 1.23.

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

TSE:2594' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.16   Med: 1.32   Max: 1.53
Current: 1.23

During the past years, Key Coffee's highest Cyclically Adjusted PB Ratio was 1.53. The lowest was 1.16. And the median was 1.32.

TSE:2594's Cyclically Adjusted PB Ratio is ranked better than
51.23% of 1386 companies
in the Consumer Packaged Goods industry
Industry Median: 1.28 vs TSE:2594: 1.23

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.

Key Coffee's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,482.706. 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1,650.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Key Coffee  (TSE:2594) 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.


Key Coffee Cyclically Adjusted PB Ratio Related Terms


Key Coffee Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Key Coffee'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.

Key Coffee Cyclically Adjusted PB Ratio Chart

Key Coffee Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 1.25 1.23 1.23 1.20

Key Coffee Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.18 1.20 1.20 1.20 0.00

TSE:2594 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Key Coffee'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.


Key Coffee Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Key Coffee's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2594
62GF Score
Key Coffee Inc TSE:2594
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Key Coffee 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.

Key Coffee's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2025.00/1650.55
=1.23

* 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.

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

For example, Key Coffee'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)
=1482.706/112.7000*112.7000
=1,482.706

Current CPI (Mar. 2026) = 112.7000.

Key Coffee Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,576.177 98.100 1,810.756
201609 1,590.392 98.000 1,828.951
201612 1,606.226 98.400 1,839.651
201703 1,591.336 98.100 1,828.171
201706 1,603.077 98.500 1,834.180
201709 1,602.132 98.800 1,827.533
201712 1,605.056 99.400 1,819.817
201803 1,559.636 99.200 1,771.885
201806 1,561.084 99.200 1,773.530
201809 1,565.616 99.900 1,766.215
201812 1,579.164 99.700 1,785.073
201903 1,558.234 99.700 1,761.414
201906 1,565.429 99.800 1,767.774
201909 1,598.038 100.100 1,799.190
201912 1,609.203 100.500 1,804.549
202003 1,567.811 100.300 1,761.638
202006 1,509.180 99.900 1,702.548
202009 1,464.658 99.900 1,652.322
202012 1,472.086 99.300 1,670.736
202103 1,386.218 99.900 1,563.832
202106 1,392.572 99.500 1,577.315
202109 1,395.842 100.100 1,571.542
202112 1,423.219 100.100 1,602.365
202203 1,410.677 101.100 1,572.535
202206 1,431.227 101.800 1,584.472
202209 1,431.320 103.100 1,564.595
202212 1,440.848 104.100 1,559.881
202303 1,412.712 104.400 1,525.025
202306 1,438.726 105.200 1,541.297
202309 1,451.055 106.200 1,539.867
202312 1,454.817 106.800 1,535.186
202403 1,432.307 107.200 1,505.793
202406 0.000 108.200 0.000
202409 1,440.807 108.900 1,491.083
202412 1,469.948 110.700 1,496.505
202503 1,431.047 111.100 1,451.656
202506 1,440.984 111.700 1,453.884
202509 1,458.479 112.000 1,467.594
202512 1,482.332 113.000 1,478.397
202603 1,482.706 112.700 1,482.706

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 1.23 mean?
Key Coffee (TSE:2594) has a Cyclically Adjusted PB Ratio of 1.23 as of Aug. 19, 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 Key Coffee and its competitors. This is near median its historical median of 1.32. Over the past decade, Key Coffee's Cyclically Adjusted PB Ratio has ranged from 1.16 to 1.53. According to the industry distribution chart, Key Coffee ranks #676 out of 1386 companies in the Consumer Packaged Goods industry, placing it in the top 48.8%.
Is Key Coffee's Cyclically Adjusted PB Ratio too high?
Key Coffee's current Cyclically Adjusted PB Ratio of 1.23 is near median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 1.53. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.28. Key Coffee's value of 1.23 is 3.9% below this industry median. Based on the distribution chart, Key Coffee ranks #676 out of 1386 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Key Coffee has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Key Coffee's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Key Coffee ranks #676 out of 1386 companies for Cyclically Adjusted PB Ratio. This puts Key Coffee in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Key Coffee's value of 1.23 is 3.9% below this benchmark. Historically, Key Coffee's own Cyclically Adjusted PB Ratio has ranged from 1.16 to 1.53 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 1.28, Key Coffee 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.28, based on 1,386 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. Key Coffee's current Cyclically Adjusted PB Ratio of 1.23 is 3.9% 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 Key Coffee and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Key Coffee's current Cyclically Adjusted PB Ratio is 1.23, which is near median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Key Coffee stock overvalued right now?
Based on GuruFocus' analysis, Key Coffee (TSE:2594) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,673.90, compared to a current price of 円2,025.00 — trading 24.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.23, which is near median its 10-year median of 1.32 and 3.9% below the Consumer Packaged Goods industry median of 1.28. Key Coffee's overall GF Score™ is 62/100 with 2 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 Key Coffee (TSE:2594), the current Cyclically Adjusted PB Ratio is 1.23 as of Aug. 19, 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 Key Coffee (TSE:2594) Overvalued in 2026?

Based on GuruFocus' analysis, Key Coffee stock appears to be undervalued. The current stock price of 円2,025.00 is trading 24.3% below its estimated GF Value™ of 円2,673.90. GuruFocus considers Key Coffee to be Modestly Undervalued.

Key valuation signals for TSE:2594:

  • Cyclically Adjusted PB Ratio: 1.23 (near median its 10-year median of 1.32)
  • GF Value™: 円2,673.90 vs. price of 円2,025.00 (24.3% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 3.9% below the Consumer Packaged Goods median (#676 of 1386)

No single metric tells the full story. See the TSE:2594 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Key Coffee Business Description

Address 2-34-4 Nishi-Shinbashi, Minato-ku, Tokyo, JPN, 105-8705
Key Coffee Inc is a Japan-based company operates in the coffee-related business. It is engaged in the plantation, production, and marketing of coffee and related products. Its products include raw coffee beans, instant coffee, iced coffee, iced tea, fruit juice, and other coffee-related products. Geographically, the business activities are carried out through the region of Japan.
62GF Score

Get the complete analysis for TSE:2594

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

円2,025.00
Price
円2,673.90
GF Value