NAFCO Co (TSE:2790) Cyclically Adjusted PB Ratio: 0.37 (As of Aug. 26, 2026) — Near Median

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TSE:2790 NAFCO Co Ltd TSE:2790
65 GF Score
Price 円2,163.00
GF Value 円2,071.48
Valuation Fairly Valued
! 5 Warning Signs
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What is NAFCO Co Cyclically Adjusted PB Ratio?

NAFCO Co TSE:2790 -0.46% 65 Cyclically Adjusted PB Ratio is 0.37 as of Aug. 26, 2026, which is at its 10-year median of 0.37. GuruFocus rates TSE:2790 with a GF Score™ of 65/100 and a GF Value™ of 円2,071.48 (Fairly Valued). The stock has 5 warning signs investors should review. Among 775 Retail - Cyclical companies, NAFCO Co ranks better than 83.61% on this metric.

As of today (2026-08-26), NAFCO Co's current share price is 円2163.00. NAFCO Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円5,822.89. NAFCO Co's Cyclically Adjusted PB Ratio for today is 0.37.

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

TSE:2790' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.37   Max: 0.58
Current: 0.37

During the past years, NAFCO Co's highest Cyclically Adjusted PB Ratio was 0.58. The lowest was 0.21. And the median was 0.37.

TSE:2790's Cyclically Adjusted PB Ratio is ranked better than
83.61% of 775 companies
in the Retail - Cyclical industry
Industry Median: 1.2 vs TSE:2790: 0.37

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.

NAFCO Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円6,217.305. 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5,822.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NAFCO Co  (TSE:2790) 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.


NAFCO Co Cyclically Adjusted PB Ratio Related Terms


NAFCO Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NAFCO 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.

NAFCO Co Cyclically Adjusted PB Ratio Chart

NAFCO Co 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 0.36 0.35 0.50 0.32 0.36

NAFCO Co 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 0.31 0.36 0.38 0.36 0.00

TSE:2790 vs HD, LOW, FND: Cyclically Adjusted PB Ratio Comparison

For the Home Improvement Retail subindustry, NAFCO 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.


NAFCO Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, NAFCO Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2790
65GF Score
NAFCO Co Ltd TSE:2790
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NAFCO 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2163.00/5822.89
=0.37

* 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.

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

For example, NAFCO Co'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)
=6217.305/112.7000*112.7000
=6,217.305

Current CPI (Mar. 2026) = 112.7000.

NAFCO Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 4,426.638 98.100 5,085.444
201609 4,465.753 98.000 5,135.616
201612 4,516.452 98.400 5,172.806
201703 4,505.808 98.100 5,176.397
201706 4,554.056 98.500 5,210.580
201709 4,594.010 98.800 5,240.333
201712 4,635.979 99.400 5,256.286
201803 4,616.640 99.200 5,244.913
201806 4,769.072 99.200 5,418.089
201809 4,803.662 99.900 5,419.146
201812 4,843.994 99.700 5,475.608
201903 4,850.296 99.700 5,482.732
201906 4,899.345 99.800 5,532.627
201909 4,944.649 100.100 5,567.052
201912 4,979.834 100.500 5,584.351
202003 4,982.775 100.300 5,598.791
202006 5,128.733 99.900 5,785.868
202009 5,259.637 99.900 5,933.544
202012 5,345.237 99.300 6,066.548
202103 5,350.278 99.900 6,035.799
202106 5,371.109 99.500 6,083.658
202109 5,431.292 100.100 6,114.951
202112 5,498.022 100.100 6,190.081
202203 5,523.264 101.100 6,156.992
202206 5,592.025 101.800 6,190.778
202209 5,642.264 103.100 6,167.635
202212 5,679.375 104.100 6,148.564
202303 5,665.056 104.400 6,115.439
202306 5,694.640 105.200 6,100.627
202309 5,725.974 106.200 6,076.434
202312 5,733.326 106.800 6,050.055
202403 5,951.301 107.200 6,256.638
202406 5,958.956 108.200 6,206.787
202409 5,934.755 108.900 6,141.845
202412 5,935.689 110.700 6,042.928
202503 6,262.661 111.100 6,352.852
202506 6,264.817 111.700 6,320.903
202509 6,267.868 112.000 6,307.042
202512 6,268.356 113.000 6,251.714
202603 6,217.305 112.700 6,217.305

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 0.37 mean?
NAFCO Co (TSE:2790) has a Cyclically Adjusted PB Ratio of 0.37 as of Aug. 26, 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 NAFCO Co and its competitors. This is near median its historical median of 0.37. Over the past decade, NAFCO Co's Cyclically Adjusted PB Ratio has ranged from 0.21 to 0.58. According to the industry distribution chart, NAFCO Co ranks #127 out of 775 companies in the Retail - Cyclical industry, placing it in the top 16.4%.
Is NAFCO Co's Cyclically Adjusted PB Ratio too high?
NAFCO Co's current Cyclically Adjusted PB Ratio of 0.37 is near median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.58. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.20. NAFCO Co's value of 0.37 is 69.2% below this industry median. Based on the distribution chart, NAFCO Co ranks #127 out of 775 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, NAFCO Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NAFCO Co's Cyclically Adjusted PB Ratio compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, NAFCO Co ranks #127 out of 775 companies for Cyclically Adjusted PB Ratio. This places NAFCO Co in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.20. NAFCO Co's value of 0.37 is 69.2% below this benchmark. Historically, NAFCO Co's own Cyclically Adjusted PB Ratio has ranged from 0.21 to 0.58 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 1.20, NAFCO 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.20, based on 775 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. NAFCO Co's current Cyclically Adjusted PB Ratio of 0.37 is 69.2% 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 NAFCO Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NAFCO Co's current Cyclically Adjusted PB Ratio is 0.37, which is near median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NAFCO Co stock overvalued right now?
Based on GuruFocus' analysis, NAFCO Co (TSE:2790) is currently considered Fairly Valued. The stock's GF Value™ is 円2,071.48, compared to a current price of 円2,163.00 — trading 4.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.37, which is near median its 10-year median of 0.37 and 69.2% below the Retail - Cyclical industry median of 1.20. NAFCO Co's overall GF Score™ is 65/100 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 NAFCO Co (TSE:2790), the current Cyclically Adjusted PB Ratio is 0.37 as of Aug. 26, 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 NAFCO Co (TSE:2790) Overvalued in 2026?

Based on GuruFocus' analysis, NAFCO Co stock appears to be overvalued. The current stock price of 円2,163.00 is trading 4.4% above its estimated GF Value™ of 円2,071.48. GuruFocus considers NAFCO Co to be Fairly Valued.

Key valuation signals for TSE:2790:

  • Cyclically Adjusted PB Ratio: 0.37 (near median its 10-year median of 0.37)
  • GF Value™: 円2,071.48 vs. price of 円2,163.00 (4.4% above fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 69.2% below the Retail - Cyclical median (#127 of 775)

No single metric tells the full story. See the TSE:2790 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NAFCO Co Business Description

Address 2-6-10, Uomachi, 7th Floor, Kokura Kita-ku, Kitakyushu, JPN, 802-0006
NAFCO Co Ltd Is a Japan-based company engages in the operation of home and furniture retail stores. The company offers household commodities, cooking appliances, footwear, food, storage equipment, furniture, floor coverings, curtains, interior accessories, lighting, beddings and others. All the business activity of the group is functioned through Japan and it products are sold with in Japanese and to the overseas region.
65GF Score

Get the complete analysis for TSE:2790

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

円2,163.00
Price
円2,071.48
GF Value