Apple International Co (TSE:2788) Cyclically Adjusted PB Ratio: 0.68 (As of Sep. 03, 2026) — 11% Above Median

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TSE:2788 Apple International Co Ltd TSE:2788
69 GF Score
Price 円415.00
GF Value 円395.98
Valuation Fairly Valued
! 5 Warning Signs
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What is Apple International Co Cyclically Adjusted PB Ratio?

Apple International Co TSE:2788 -2.12% 69 Cyclically Adjusted PB Ratio is 0.68 as of Sep. 03, 2026, which is 11% above its 10-year median of 0.61. GuruFocus rates TSE:2788 with a GF Score™ of 69/100 and a GF Value™ of 円395.98 (Fairly Valued). The stock has 5 warning signs investors should review. Among 927 Vehicles & Parts companies, Apple International Co ranks better than 68.72% on this metric.

As of today (2026-09-03), Apple International Co's current share price is 円415.00. Apple International Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円606.96. Apple International Co's Cyclically Adjusted PB Ratio for today is 0.68.

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

TSE:2788' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.61   Max: 1.14
Current: 0.72

During the past years, Apple International Co's highest Cyclically Adjusted PB Ratio was 1.14. The lowest was 0.25. And the median was 0.61.

TSE:2788's Cyclically Adjusted PB Ratio is ranked better than
68.72% of 927 companies
in the Vehicles & Parts industry
Industry Median: 1.23 vs TSE:2788: 0.72

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.

Apple International Co's adjusted book value per share data for the three months ended in Jun. 2026 was 円827.353. 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606.96 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apple International Co  (TSE:2788) 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.


Apple International Co Cyclically Adjusted PB Ratio Related Terms


Apple International Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Apple International Co'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.

Apple International Co Cyclically Adjusted PB Ratio Chart

Apple International Co 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 0.52 0.78 0.80 0.78 0.57

Apple International Co 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 0.60 0.60 0.57 0.58 0.60

TSE:2788 vs CVNA, PAG, ALTB: Cyclically Adjusted PB Ratio Comparison

For the Auto & Truck Dealerships subindustry, Apple International Co'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.


Apple International Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Apple International Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Apple International Co's Cyclically Adjusted PB Ratio falls into.


TSE:2788
69GF Score
Apple International Co Ltd TSE:2788
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apple International Co 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.

Apple International Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=415.00/606.96
=0.68

* 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.

Apple International Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Apple International Co'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)
=827.353/113.6000*113.6000
=827.353

Current CPI (Jun. 2026) = 113.6000.

Apple International Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 536.955 98.100 621.795
201609 551.117 98.000 638.846
201612 554.145 98.400 639.745
201703 551.438 98.100 638.566
201706 521.152 98.500 601.044
201709 527.816 98.800 606.882
201712 531.667 99.400 607.619
201803 524.150 99.200 600.236
201806 405.391 99.200 464.238
201809 413.055 99.900 469.700
201812 411.284 99.700 468.624
201903 409.397 99.700 466.474
201906 414.386 99.800 471.686
201909 415.527 100.100 471.567
201912 418.395 100.500 472.932
202003 414.671 100.300 469.657
202006 421.913 99.900 479.773
202009 428.911 99.900 487.731
202012 437.924 99.300 500.989
202103 449.277 99.900 510.890
202106 453.243 99.500 517.471
202109 452.638 100.100 513.683
202112 462.239 100.100 524.579
202203 486.737 101.100 546.917
202206 502.402 101.800 560.637
202209 561.485 103.100 618.668
202212 577.927 104.100 630.668
202303 597.826 104.400 650.508
202306 637.888 105.200 688.822
202309 657.453 106.200 703.264
202312 656.870 106.800 698.693
202403 675.772 107.200 716.117
202406 699.381 108.200 734.285
202412 746.681 110.700 766.242
202503 733.870 111.100 750.384
202506 736.172 111.700 748.694
202509 757.481 112.000 768.302
202512 799.697 113.000 803.943
202603 813.490 112.700 819.986
202606 827.353 113.600 827.353

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 0.68 mean?
Apple International Co (TSE:2788) has a Cyclically Adjusted PB Ratio of 0.68 as of Sep. 03, 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 Apple International Co and its competitors. This is 11% above median its historical median of 0.61. Over the past decade, Apple International Co's Cyclically Adjusted PB Ratio has ranged from 0.25 to 1.14. According to the industry distribution chart, Apple International Co ranks #290 out of 927 companies in the Vehicles & Parts industry, placing it in the top 31.3%.
Is Apple International Co's Cyclically Adjusted PB Ratio too high?
Apple International Co's current Cyclically Adjusted PB Ratio of 0.68 is 11% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 1.14. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.23. Apple International Co's value of 0.68 is 44.7% below this industry median. Based on the distribution chart, Apple International Co ranks #290 out of 927 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Apple International Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apple International Co's Cyclically Adjusted PB Ratio compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Apple International Co ranks #290 out of 927 companies for Cyclically Adjusted PB Ratio. This puts Apple International Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Apple International Co's value of 0.68 is 44.7% below this benchmark. Historically, Apple International Co's own Cyclically Adjusted PB Ratio has ranged from 0.25 to 1.14 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 1.23, Apple International Co 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.23, based on 927 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. Apple International Co's current Cyclically Adjusted PB Ratio of 0.68 is 44.7% 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 Apple International Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple International Co's current Cyclically Adjusted PB Ratio is 0.68, which is 11% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple International Co stock overvalued right now?
Based on GuruFocus' analysis, Apple International Co (TSE:2788) is currently considered Fairly Valued. The stock's GF Value™ is 円395.98, compared to a current price of 円415.00 — trading 4.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.68, which is 11% above median its 10-year median of 0.61 and 44.7% below the Vehicles & Parts industry median of 1.23. Apple International Co's overall GF Score™ is 69/100 with 5 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 Apple International Co (TSE:2788), the current Cyclically Adjusted PB Ratio is 0.68 as of Sep. 03, 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 Apple International Co (TSE:2788) Overvalued in 2026?

Based on GuruFocus' analysis, Apple International Co stock appears to be overvalued. The current stock price of 円415.00 is trading 4.8% above its estimated GF Value™ of 円395.98. GuruFocus considers Apple International Co to be Fairly Valued.

Key valuation signals for TSE:2788:

  • Cyclically Adjusted PB Ratio: 0.68 (11% above median its 10-year median of 0.61)
  • GF Value™: 円395.98 vs. price of 円415.00 (4.8% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 44.7% below the Vehicles & Parts median (#290 of 927)

No single metric tells the full story. See the TSE:2788 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apple International Co Business Description

Other Exchanges D90:Germany
Address No.3-3 Yokkaichi, Mie Prefecture Hinaga 2-chome, Yokkaichi-shi, JPN, 510-0885
Apple International Co Ltd is a second-hand car exporter. Its purchase and sales used cars. It exports used cars and related auto-parts to South-Eastern countries.
69GF Score

Get the complete analysis for TSE:2788

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

円415.00
Price
円395.98
GF Value