Wel-Dish (TSE:2901) Cyclically Adjusted PB Ratio: 5.88 (As of Aug. 12, 2026) — 81% Above Median

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TSE:2901 Wel-Dish Inc TSE:2901
44 GF Score
Price 円160.00
GF Value 円292.70
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Wel-Dish Cyclically Adjusted PB Ratio?

Wel-Dish TSE:2901 -12.57% 44 Cyclically Adjusted PB Ratio is 5.88 as of Aug. 12, 2026, which is 81% above its 10-year median of 3.25. GuruFocus rates TSE:2901 with a GF Score™ of 44/100 and a GF Value™ of 円292.70 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 353 Healthcare Providers & Services companies, Wel-Dish ranks worse than 88.1% on this metric.

As of today (2026-08-12), Wel-Dish's current share price is 円160.00. Wel-Dish's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円27.23. Wel-Dish's Cyclically Adjusted PB Ratio for today is 5.88.

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

TSE:2901' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.3   Med: 3.25   Max: 45.41
Current: 6.72

During the past years, Wel-Dish's highest Cyclically Adjusted PB Ratio was 45.41. The lowest was 1.30. And the median was 3.25.

TSE:2901's Cyclically Adjusted PB Ratio is ranked worse than
88.1% of 353 companies
in the Healthcare Providers & Services industry
Industry Median: 1.89 vs TSE:2901: 6.72

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.

Wel-Dish's adjusted book value per share data for the three months ended in Feb. 2026 was 円209.306. 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27.23 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wel-Dish  (TSE:2901) 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.


Wel-Dish Cyclically Adjusted PB Ratio Related Terms


Wel-Dish Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Wel-Dish'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.

Wel-Dish Cyclically Adjusted PB Ratio Chart

Wel-Dish Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 2.58 3.03 5.18 6.51

Wel-Dish Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Nov25 Feb26
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 21.06 33.95 28.90 24.93 15.17

TSE:2901 vs HCA, THC, DVA: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Wel-Dish'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.


Wel-Dish Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Wel-Dish's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2901
44GF Score
Wel-Dish Inc TSE:2901
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wel-Dish 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.

Wel-Dish's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=160.00/27.23
=5.88

* 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.

Wel-Dish's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, Wel-Dish'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)
=209.306/112.2000*112.2000
=209.306

Current CPI (Feb. 2026) = 112.2000.

Wel-Dish Quarterly Data

Book Value per Share CPI Adj_Book
201512 58.457 98.100 66.859
201603 27.460 97.900 31.471
201606 23.831 98.100 27.256
201609 19.051 98.000 21.811
201612 15.259 98.400 17.399
201703 11.823 98.100 13.522
201706 8.939 98.500 10.182
201709 13.270 98.800 15.070
201712 40.098 99.400 45.262
201803 47.773 99.200 54.034
201806 55.977 99.200 63.313
201809 54.485 99.900 61.193
201812 45.812 99.700 51.556
201903 23.717 99.700 26.691
201906 17.975 99.800 20.208
201909 17.624 100.100 19.754
201912 11.870 100.500 13.252
202003 -40.594 100.300 -45.410
202006 -43.563 99.900 -48.927
202009 -46.379 99.900 -52.089
202012 -52.295 99.300 -59.089
202103 3.965 99.900 4.453
202106 0.360 99.500 0.406
202109 -2.243 100.100 -2.514
202112 -4.731 100.100 -5.303
202203 17.696 101.100 19.639
202206 13.912 101.800 15.333
202209 11.538 103.100 12.556
202212 9.316 104.100 10.041
202303 9.372 104.400 10.072
202306 7.267 105.200 7.751
202309 4.578 106.200 4.837
202312 1.507 106.800 1.583
202403 -4.787 107.200 -5.010
202406 7.521 108.200 7.799
202409 24.741 108.900 25.491
202503 130.165 111.100 131.454
202506 139.625 111.700 140.250
202511 149.186 113.200 147.868
202602 209.306 112.200 209.306

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 5.88 mean?
Wel-Dish (TSE:2901) has a Cyclically Adjusted PB Ratio of 5.88 as of Aug. 12, 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 Wel-Dish and its competitors. This is 81% above median its historical median of 3.25. Over the past decade, Wel-Dish's Cyclically Adjusted PB Ratio has ranged from 1.30 to 45.41. According to the industry distribution chart, Wel-Dish ranks #311 out of 353 companies in the Healthcare Providers & Services industry, placing it in the top 88.1%.
Is Wel-Dish's Cyclically Adjusted PB Ratio too high?
Wel-Dish's current Cyclically Adjusted PB Ratio of 5.88 is 81% above median its 10-year median of 3.25. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 45.41. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.89. Wel-Dish's value of 5.88 is 211.1% above this industry median. Based on the distribution chart, Wel-Dish ranks #311 out of 353 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Wel-Dish has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wel-Dish's Cyclically Adjusted PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Wel-Dish ranks #311 out of 353 companies for Cyclically Adjusted PB Ratio. This places Wel-Dish in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.89. Wel-Dish's value of 5.88 is 211.1% above this benchmark. Historically, Wel-Dish's own Cyclically Adjusted PB Ratio has ranged from 1.30 to 45.41 over the past decade. While the company's 10-year median is 3.25 vs. the industry median of 1.89, Wel-Dish has consistently been above 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.89, based on 353 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. Wel-Dish's current Cyclically Adjusted PB Ratio of 5.88 is 211.1% above 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 Wel-Dish and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wel-Dish's current Cyclically Adjusted PB Ratio is 5.88, which is 81% above median its own 10-year median of 3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wel-Dish stock overvalued right now?
Based on GuruFocus' analysis, Wel-Dish (TSE:2901) is currently considered Possible Value Trap. The stock's GF Value™ is 円292.70, compared to a current price of 円160.00 — trading 45.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.88, which is 81% above median its 10-year median of 3.25 and 211.1% above the Healthcare Providers & Services industry median of 1.89. Wel-Dish'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 Wel-Dish (TSE:2901), the current Cyclically Adjusted PB Ratio is 5.88 as of Aug. 12, 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 Wel-Dish (TSE:2901) Overvalued in 2026?

Based on GuruFocus' analysis, Wel-Dish stock appears to be undervalued. The current stock price of 円160.00 is trading 45.3% below its estimated GF Value™ of 円292.70. GuruFocus considers Wel-Dish to be Possible Value Trap.

Key valuation signals for TSE:2901:

  • Cyclically Adjusted PB Ratio: 5.88 (81% above median its 10-year median of 3.25)
  • GF Value™: 円292.70 vs. price of 円160.00 (45.3% below fair value)
  • GF Score™: 44/100 with 6 warning signs
  • Industry Position: 211.1% above the Healthcare Providers & Services median (#311 of 353)

No single metric tells the full story. See the TSE:2901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wel-Dish Business Description

Address No. 5-18-9 Shirokanedai, Minato-ku, VORT Shirokanedai, 4th floor, Tokyo, JPN
Wel-Dish Inc. is engaged in the Business of Home services which is based on the Nursing Care Insurance Act, It also provides Long-term care preventive service business based on the Long-term Care Insurance Act.
44GF Score

Get the complete analysis for TSE:2901

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

円160.00
Price
円292.70
GF Value