CVS Bay Area (TSE:2687) Cyclically Adjusted PB Ratio: 0.63 (As of Aug. 11, 2026) — 13% Below Median

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TSE:2687 CVS Bay Area Inc TSE:2687
44 GF Score
Price 円502.00
GF Value 円619.83
Valuation Modestly Undervalued
! 6 Warning Signs
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What is CVS Bay Area Cyclically Adjusted PB Ratio?

CVS Bay Area TSE:2687 44 Cyclically Adjusted PB Ratio is 0.63 as of Aug. 11, 2026, which is 13% below its 10-year median of 0.72. GuruFocus rates TSE:2687 with a GF Score™ of 44/100 and a GF Value™ of 円619.83 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 231 Retail - Defensive companies, CVS Bay Area ranks better than 83.12% on this metric.

As of today (2026-08-11), CVS Bay Area's current share price is 円502.00. CVS Bay Area's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円802.79. CVS Bay Area's Cyclically Adjusted PB Ratio for today is 0.63.

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

TSE:2687' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 0.72   Max: 1.34
Current: 0.63

During the past years, CVS Bay Area's highest Cyclically Adjusted PB Ratio was 1.34. The lowest was 0.52. And the median was 0.72.

TSE:2687's Cyclically Adjusted PB Ratio is ranked better than
83.12% of 231 companies
in the Retail - Defensive industry
Industry Median: 1.64 vs TSE:2687: 0.63

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.

CVS Bay Area's adjusted book value per share data for the three months ended in Feb. 2026 was 円633.260. 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802.79 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CVS Bay Area  (TSE:2687) 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.


CVS Bay Area Cyclically Adjusted PB Ratio Related Terms


CVS Bay Area Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CVS Bay Area'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.

CVS Bay Area Cyclically Adjusted PB Ratio Chart

CVS Bay Area Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.60 1.00 0.71 0.63

CVS Bay Area Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.71 0.79 0.65 0.63 0.00

TSE:2687 vs KR: Cyclically Adjusted PB Ratio Comparison

For the Grocery Stores subindustry, CVS Bay Area'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.


CVS Bay Area Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, CVS Bay Area's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CVS Bay Area's Cyclically Adjusted PB Ratio falls into.


TSE:2687
44GF Score
CVS Bay Area Inc TSE:2687
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CVS Bay Area 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.

CVS Bay Area's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=502.00/802.79
=0.63

* 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.

CVS Bay Area's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, CVS Bay Area's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=633.26/112.2000*112.2000
=633.260

Current CPI (Feb. 2026) = 112.2000.

CVS Bay Area Quarterly Data

Book Value per Share CPI Adj_Book
201602 440.073 97.800 504.869
201605 443.719 98.200 506.978
201608 455.012 97.900 521.474
201611 458.812 98.600 522.096
201702 444.308 98.100 508.169
201705 436.746 98.600 496.987
201708 444.931 98.500 506.815
201711 445.923 99.100 504.869
201802 377.686 99.500 425.893
201805 1,065.299 99.300 1,203.691
201808 1,088.904 99.800 1,224.199
201811 1,202.598 100.000 1,349.315
201902 1,123.787 99.700 1,264.683
201905 1,120.535 100.000 1,257.240
201908 1,131.206 100.000 1,269.213
201911 1,134.651 100.500 1,266.745
202002 1,006.331 100.300 1,125.726
202005 925.094 100.100 1,036.919
202008 940.054 100.100 1,053.687
202011 868.135 99.500 978.942
202102 753.372 99.800 846.977
202105 708.954 99.400 800.248
202108 700.967 99.700 788.852
202111 684.107 100.100 766.801
202202 574.194 100.700 639.767
202205 565.083 101.800 622.813
202208 552.390 102.700 603.487
202211 542.407 103.900 585.737
202302 555.936 104.000 599.769
202305 575.561 105.100 614.443
202308 596.477 105.900 631.961
202311 619.317 106.900 650.022
202402 680.553 106.900 714.294
202405 702.229 108.100 728.863
202408 834.945 109.100 858.669
202502 887.191 110.800 898.401
202505 882.989 111.800 886.148
202508 860.772 112.100 861.540
202511 858.600 113.200 851.015
202602 633.260 112.200 633.260

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 0.63 mean?
CVS Bay Area (TSE:2687) has a Cyclically Adjusted PB Ratio of 0.63 as of Aug. 11, 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 CVS Bay Area and its competitors. This is 13% below median its historical median of 0.72. Over the past decade, CVS Bay Area's Cyclically Adjusted PB Ratio has ranged from 0.52 to 1.34. According to the industry distribution chart, CVS Bay Area ranks #39 out of 231 companies in the Retail - Defensive industry, placing it in the top 16.9%.
Is CVS Bay Area's Cyclically Adjusted PB Ratio too high?
CVS Bay Area's current Cyclically Adjusted PB Ratio of 0.63 is 13% below median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.34. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.64. CVS Bay Area's value of 0.63 is 61.6% below this industry median. Based on the distribution chart, CVS Bay Area ranks #39 out of 231 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, CVS Bay Area has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CVS Bay Area's Cyclically Adjusted PB Ratio compare to KR?
According to the Retail - Defensive industry distribution chart, CVS Bay Area ranks #39 out of 231 companies for Cyclically Adjusted PB Ratio. This places CVS Bay Area in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.64. CVS Bay Area's value of 0.63 is 61.6% below this benchmark. Historically, CVS Bay Area's own Cyclically Adjusted PB Ratio has ranged from 0.52 to 1.34 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 1.64, CVS Bay Area 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 Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.64, based on 231 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. CVS Bay Area's current Cyclically Adjusted PB Ratio of 0.63 is 61.6% 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 CVS Bay Area and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CVS Bay Area's current Cyclically Adjusted PB Ratio is 0.63, which is 13% below median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CVS Bay Area stock overvalued right now?
Based on GuruFocus' analysis, CVS Bay Area (TSE:2687) is currently considered Modestly Undervalued. The stock's GF Value™ is 円619.83, compared to a current price of 円502.00 — trading 19% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.63, which is 13% below median its 10-year median of 0.72 and 61.6% below the Retail - Defensive industry median of 1.64. CVS Bay Area's overall GF Score™ is 44/100 with 6 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 CVS Bay Area (TSE:2687), the current Cyclically Adjusted PB Ratio is 0.63 as of Aug. 11, 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 CVS Bay Area (TSE:2687) Overvalued in 2026?

Based on GuruFocus' analysis, CVS Bay Area stock appears to be undervalued. The current stock price of 円502.00 is trading 19% below its estimated GF Value™ of 円619.83. GuruFocus considers CVS Bay Area to be Modestly Undervalued.

Key valuation signals for TSE:2687:

  • Cyclically Adjusted PB Ratio: 0.63 (13% below median its 10-year median of 0.72)
  • GF Value™: 円619.83 vs. price of 円502.00 (19% below fair value)
  • GF Score™: 44/100 with 6 warning signs
  • Industry Position: 61.6% below the Retail - Defensive median (#39 of 231)

No single metric tells the full story. See the TSE:2687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CVS Bay Area Business Description

Address 1-7-1 Nakase Mihama Ward, 26th floor, CVS Bay Area Building, Chiba, JPN, 261-0023
CVS Bay Area Inc engaged in operating convenience store named Lawson and business hotel named Bay Hotel. The company is also engaged in mansion front business at condominiums and reception and office butler service for enterprise, and cleaning business.
44GF Score

Get the complete analysis for TSE:2687

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

円502.00
Price
円619.83
GF Value