KENKO Mayonnaise Co (TSE:2915) Cyclically Adjusted PB Ratio: 0.85 (As of Aug. 13, 2026) — 17% Below Median

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TSE:2915 KENKO Mayonnaise Co Ltd TSE:2915
83 GF Score
Price 円2,008.00
GF Value 円2,084.36
Valuation Fairly Valued
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What is KENKO Mayonnaise Co Cyclically Adjusted PB Ratio?

KENKO Mayonnaise Co TSE:2915 +0.25% 83 Cyclically Adjusted PB Ratio is 0.85 as of Aug. 13, 2026, which is 17% below its 10-year median of 1.03. GuruFocus rates TSE:2915 with a GF Score™ of 83/100 and a GF Value™ of 円2,084.36 (Fairly Valued). Among 1,400 Consumer Packaged Goods companies, KENKO Mayonnaise Co ranks better than 65.29% on this metric.

As of today (2026-08-13), KENKO Mayonnaise Co's current share price is 円2008.00. KENKO Mayonnaise Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,361.33. KENKO Mayonnaise Co's Cyclically Adjusted PB Ratio for today is 0.85.

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

TSE:2915' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.03   Max: 3.68
Current: 0.86

During the past years, KENKO Mayonnaise Co's highest Cyclically Adjusted PB Ratio was 3.68. The lowest was 0.64. And the median was 1.03.

TSE:2915's Cyclically Adjusted PB Ratio is ranked better than
65.29% of 1400 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs TSE:2915: 0.86

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.

KENKO Mayonnaise Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,886.651. 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2,361.33 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KENKO Mayonnaise Co  (TSE:2915) 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.


KENKO Mayonnaise Co Cyclically Adjusted PB Ratio Related Terms


KENKO Mayonnaise Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KENKO Mayonnaise 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.

KENKO Mayonnaise Co Cyclically Adjusted PB Ratio Chart

KENKO Mayonnaise 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 0.83 0.65 1.00 0.84 0.93

KENKO Mayonnaise Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 0.84 0.76 0.86 0.81 0.93

TSE:2915 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, KENKO Mayonnaise 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.


KENKO Mayonnaise Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2915
83GF Score
KENKO Mayonnaise Co Ltd TSE:2915
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KENKO Mayonnaise 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2008.00/2361.33
=0.85

* 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.

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

For example, KENKO Mayonnaise 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)
=2886.651/112.7000*112.7000
=2,886.651

Current CPI (Mar. 2026) = 112.7000.

KENKO Mayonnaise Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,397.016 98.100 1,604.931
201609 1,463.936 98.000 1,683.526
201612 1,520.583 98.400 1,741.562
201703 1,727.058 98.100 1,984.092
201706 1,754.856 98.500 2,007.840
201709 1,807.538 98.800 2,061.837
201712 1,855.001 99.400 2,103.205
201803 1,880.493 99.200 2,136.407
201806 1,898.580 99.200 2,156.955
201809 1,926.681 99.900 2,173.543
201812 1,930.930 99.700 2,182.706
201903 1,996.904 99.700 2,257.283
201906 2,000.971 99.800 2,259.614
201909 2,040.486 100.100 2,297.330
201912 2,070.895 100.500 2,322.287
202003 2,069.863 100.300 2,325.758
202006 2,062.580 99.900 2,326.855
202009 2,092.079 99.900 2,360.133
202012 2,123.156 99.300 2,409.664
202103 2,159.454 99.900 2,436.141
202106 2,174.701 99.500 2,463.204
202109 2,201.843 100.100 2,478.998
202112 2,216.528 100.100 2,495.532
202203 2,245.038 101.100 2,502.629
202206 2,258.495 101.800 2,500.318
202209 2,285.530 103.100 2,498.344
202212 2,254.992 104.100 2,441.283
202303 2,281.674 104.400 2,463.071
202306 2,305.488 105.200 2,469.853
202309 2,337.922 106.200 2,481.015
202312 2,391.504 106.800 2,523.619
202403 2,439.875 107.200 2,565.055
202406 2,509.296 108.200 2,613.657
202409 2,549.941 108.900 2,638.920
202412 2,627.056 110.700 2,674.519
202503 2,678.126 111.100 2,716.695
202506 2,685.967 111.700 2,710.013
202509 2,735.426 112.000 2,752.522
202512 2,835.533 113.000 2,828.005
202603 2,886.651 112.700 2,886.651

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 0.85 mean?
KENKO Mayonnaise Co (TSE:2915) has a Cyclically Adjusted PB Ratio of 0.85 as of Aug. 13, 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 KENKO Mayonnaise Co and its competitors. This is 17% below median its historical median of 1.03. Over the past decade, KENKO Mayonnaise Co's Cyclically Adjusted PB Ratio has ranged from 0.64 to 3.68. According to the industry distribution chart, KENKO Mayonnaise Co ranks #486 out of 1400 companies in the Consumer Packaged Goods industry, placing it in the top 34.7%.
Is KENKO Mayonnaise Co's Cyclically Adjusted PB Ratio too high?
KENKO Mayonnaise Co's current Cyclically Adjusted PB Ratio of 0.85 is 17% below median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 3.68. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. KENKO Mayonnaise Co's value of 0.85 is 32.5% below this industry median. Based on the distribution chart, KENKO Mayonnaise Co ranks #486 out of 1400 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, KENKO Mayonnaise Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KENKO Mayonnaise Co's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, KENKO Mayonnaise Co ranks #486 out of 1400 companies for Cyclically Adjusted PB Ratio. This puts KENKO Mayonnaise Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. KENKO Mayonnaise Co's value of 0.85 is 32.5% below this benchmark. Historically, KENKO Mayonnaise Co's own Cyclically Adjusted PB Ratio has ranged from 0.64 to 3.68 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 1.26, KENKO Mayonnaise 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,400 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. KENKO Mayonnaise Co's current Cyclically Adjusted PB Ratio of 0.85 is 32.5% 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 KENKO Mayonnaise Co 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. KENKO Mayonnaise Co's current Cyclically Adjusted PB Ratio is 0.85, which is 17% below median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KENKO Mayonnaise Co stock overvalued right now?
Based on GuruFocus' analysis, KENKO Mayonnaise Co (TSE:2915) is currently considered Fairly Valued. The stock's GF Value™ is 円2,084.36, compared to a current price of 円2,008.00 — trading 3.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.85, which is 17% below median its 10-year median of 1.03 and 32.5% below the Consumer Packaged Goods industry median of 1.26. KENKO Mayonnaise Co's overall GF Score™ is 83/100. 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 KENKO Mayonnaise Co (TSE:2915), the current Cyclically Adjusted PB Ratio is 0.85 as of Aug. 13, 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 KENKO Mayonnaise Co (TSE:2915) Overvalued in 2026?

Based on GuruFocus' analysis, KENKO Mayonnaise Co stock appears to be undervalued. The current stock price of 円2,008.00 is trading 3.7% below its estimated GF Value™ of 円2,084.36. GuruFocus considers KENKO Mayonnaise Co to be Fairly Valued.

Key valuation signals for TSE:2915:

  • Cyclically Adjusted PB Ratio: 0.85 (17% below median its 10-year median of 1.03)
  • GF Value™: 円2,084.36 vs. price of 円2,008.00 (3.7% below fair value)
  • GF Score™: 83/100
  • Industry Position: 32.5% below the Consumer Packaged Goods median (#486 of 1400)

No single metric tells the full story. See the TSE:2915 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KENKO Mayonnaise Co Business Description

Address 3-8-13, Takaito Higashi, Suginami-ku, Tokyo, JPN
KENKO Mayonnaise Co Ltd is a food processing company, based in Japan. The company is engaged in the manufacturing, processing, and distribution of a variety of food products such as salads, delicatessen, mayonnaise, dressings, sauces and egg products. Also, the group is engaged in the shop operation and overseas business. Some of its products include GLOBAL mayonnaise; KENKO Restaurant Mayonnaise; Triple Balance Non Oil Bonito; Garlic Butter sauce; SOUZAITEI Frozen Thick Omelet H and others.
83GF Score

Get the complete analysis for TSE:2915

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

円2,008.00
Price
円2,084.36
GF Value