Delsole (TSE:2876) Cyclically Adjusted PB Ratio: 0.70 (As of Aug. 21, 2026) — 21% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2876 Delsole Corp TSE:2876
66 GF Score
Price 円463.00
GF Value 円406.44
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Delsole Cyclically Adjusted PB Ratio?

Delsole TSE:2876 +0.65% 66 Cyclically Adjusted PB Ratio is 0.70 as of Aug. 21, 2026, which is 21% below its 10-year median of 0.89. GuruFocus rates TSE:2876 with a GF Score™ of 66/100 and a GF Value™ of 円406.44 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,352 Consumer Packaged Goods companies, Delsole ranks better than 71.08% on this metric.

As of today (2026-08-21), Delsole's current share price is 円463.00. Delsole's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円659.23. Delsole's Cyclically Adjusted PB Ratio for today is 0.70.

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

TSE:2876' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.89   Max: 1.36
Current: 0.7

During the past years, Delsole's highest Cyclically Adjusted PB Ratio was 1.36. The lowest was 0.62. And the median was 0.89.

TSE:2876's Cyclically Adjusted PB Ratio is ranked better than
71.08% of 1352 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs TSE:2876: 0.70

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.

Delsole's adjusted book value per share data for the three months ended in Mar. 2026 was 円699.631. 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659.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Delsole  (TSE:2876) 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.


Delsole Cyclically Adjusted PB Ratio Related Terms


Delsole Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Delsole'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.

Delsole Cyclically Adjusted PB Ratio Chart

Delsole 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 1.07 0.73 1.04 0.70 0.71

Delsole Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.70 0.64 0.68 0.68 0.71

TSE:2876 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Delsole'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.


Delsole Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2876
66GF Score
Delsole Corp TSE:2876
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delsole 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.

Delsole's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=463.00/659.23
=0.70

* 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.

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

For example, Delsole'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)
=699.631/112.7000*112.7000
=699.631

Current CPI (Mar. 2026) = 112.7000.

Delsole Quarterly Data

Book Value per Share CPI Adj_Book
201603 440.947 97.900 507.607
201606 441.048 98.100 506.688
201609 457.132 98.000 525.702
201612 478.335 98.400 547.849
201703 473.467 98.100 543.932
201706 472.173 98.500 540.243
201709 482.945 98.800 550.890
201712 502.140 99.400 569.328
201803 491.596 99.200 558.497
201806 493.382 99.200 560.526
201809 504.364 99.900 568.987
201812 522.644 99.700 590.792
201903 535.774 99.700 605.634
201906 539.864 99.800 609.646
201909 552.965 100.100 622.569
201912 583.146 100.500 653.936
202003 579.324 100.300 650.945
202006 567.911 99.900 640.676
202009 567.610 99.900 640.337
202012 588.048 99.300 667.402
202103 595.358 99.900 671.640
202106 606.185 99.500 686.604
202109 628.111 100.100 707.174
202112 659.945 100.100 743.015
202203 655.313 101.100 730.502
202206 658.538 101.800 729.049
202209 670.988 103.100 733.466
202212 703.919 104.100 762.072
202303 682.965 104.400 737.262
202306 704.977 105.200 755.237
202309 745.147 106.200 790.754
202312 776.022 106.800 818.892
202403 744.767 107.200 782.978
202406 761.672 108.200 793.350
202409 787.644 108.900 815.128
202503 687.265 111.100 697.163
202506 671.274 111.700 677.284
202509 672.032 112.000 676.232
202512 701.316 113.000 699.454
202603 699.631 112.700 699.631

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 0.70 mean?
Delsole (TSE:2876) has a Cyclically Adjusted PB Ratio of 0.70 as of Aug. 21, 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 Delsole and its competitors. This is 21% below median its historical median of 0.89. Over the past decade, Delsole's Cyclically Adjusted PB Ratio has ranged from 0.62 to 1.36. According to the industry distribution chart, Delsole ranks #391 out of 1352 companies in the Consumer Packaged Goods industry, placing it in the top 28.9%.
Is Delsole's Cyclically Adjusted PB Ratio too high?
Delsole's current Cyclically Adjusted PB Ratio of 0.70 is 21% below median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.36. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Delsole's value of 0.70 is 44.4% below this industry median. Based on the distribution chart, Delsole ranks #391 out of 1352 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Delsole has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delsole's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Delsole ranks #391 out of 1352 companies for Cyclically Adjusted PB Ratio. This puts Delsole in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Delsole's value of 0.70 is 44.4% below this benchmark. Historically, Delsole's own Cyclically Adjusted PB Ratio has ranged from 0.62 to 1.36 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 1.26, Delsole 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 1.26, based on 1,352 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. Delsole's current Cyclically Adjusted PB Ratio of 0.70 is 44.4% 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 Delsole and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delsole's current Cyclically Adjusted PB Ratio is 0.70, which is 21% below median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delsole stock overvalued right now?
Based on GuruFocus' analysis, Delsole (TSE:2876) is currently considered Modestly Overvalued. The stock's GF Value™ is 円406.44, compared to a current price of 円463.00 — trading 13.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.70, which is 21% below median its 10-year median of 0.89 and 44.4% below the Consumer Packaged Goods industry median of 1.26. Delsole's overall GF Score™ is 66/100 with 4 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 Delsole (TSE:2876), the current Cyclically Adjusted PB Ratio is 0.70 as of Aug. 21, 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 Delsole (TSE:2876) Overvalued in 2026?

Based on GuruFocus' analysis, Delsole stock appears to be overvalued. The current stock price of 円463.00 is trading 13.9% above its estimated GF Value™ of 円406.44. GuruFocus considers Delsole to be Modestly Overvalued.

Key valuation signals for TSE:2876:

  • Cyclically Adjusted PB Ratio: 0.70 (21% below median its 10-year median of 0.89)
  • GF Value™: 円406.44 vs. price of 円463.00 (13.9% above fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 44.4% below the Consumer Packaged Goods median (#391 of 1352)

No single metric tells the full story. See the TSE:2876 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Delsole Business Description

Address 3-4-10, Ariake, 7th floor, TFT Building West Wing, Koto-ku, Tokyo, JPN, 135-0063
Delsole Corp is engaged in food manufacturing, trading, food service business. The company's products are Pizza series including dough ball, thick crust, and thin crust; Ethnic Bread series including naan, focaccia, tortilla, pita, and biscuits; Cheese including shredded cheese; and Snacks including cheese fry and naan dog. Its other products include sauce, condiments, and meat and chicken products. The Group's two reportable segments are the Food Business and the Restaurant Business.
66GF Score

Get the complete analysis for TSE:2876

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

円463.00
Price
円406.44
GF Value