Ifujingyo Co (TSE:2924) Cyclically Adjusted PB Ratio: 2.03 (As of Aug. 17, 2026) — 25% Above Median

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TSE:2924 Ifuji Sangyo Co Ltd TSE:2924
79 GF Score
Price 円1,930.00
GF Value 円2,395.17
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Ifujingyo Co Cyclically Adjusted PB Ratio?

Ifujingyo Co TSE:2924 +1.05% 79 Cyclically Adjusted PB Ratio is 2.03 as of Aug. 17, 2026, which is 25% above its 10-year median of 1.63. GuruFocus rates TSE:2924 with a GF Score™ of 79/100 and a GF Value™ of 円2,395.17 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,386 Consumer Packaged Goods companies, Ifujingyo Co ranks worse than 66.96% on this metric.

As of today (2026-08-17), Ifujingyo Co's current share price is 円1930.00. Ifujingyo Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円952.27. Ifujingyo Co's Cyclically Adjusted PB Ratio for today is 2.03.

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

TSE:2924' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.23   Med: 1.63   Max: 2.79
Current: 2.03

During the past years, Ifujingyo Co's highest Cyclically Adjusted PB Ratio was 2.79. The lowest was 1.23. And the median was 1.63.

TSE:2924's Cyclically Adjusted PB Ratio is ranked worse than
66.96% of 1386 companies
in the Consumer Packaged Goods industry
Industry Median: 1.28 vs TSE:2924: 2.03

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.

Ifujingyo Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,548.221. 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952.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ifujingyo Co  (TSE:2924) 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.


Ifujingyo Co Cyclically Adjusted PB Ratio Related Terms


Ifujingyo Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ifujingyo 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.

Ifujingyo Co Cyclically Adjusted PB Ratio Chart

Ifujingyo 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 1.57 1.46 1.94 2.36 1.93

Ifujingyo Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 2.27 2.54 2.26 1.93 0.00

TSE:2924 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Ifujingyo 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.


Ifujingyo Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2924
79GF Score
Ifuji Sangyo Co Ltd TSE:2924
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ifujingyo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1930.00/952.27
=2.03

* 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.

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

For example, Ifujingyo 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)
=1548.221/112.7000*112.7000
=1,548.221

Current CPI (Mar. 2026) = 112.7000.

Ifujingyo Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 518.556 98.100 595.732
201603 533.354 97.900 613.984
201606 539.796 98.100 620.133
201609 552.811 98.000 635.733
201612 567.565 98.400 650.046
201703 584.545 98.100 671.542
201706 592.502 98.500 677.919
201709 608.295 98.800 693.875
201712 620.190 99.400 703.173
201803 635.557 99.200 722.049
201806 644.197 99.200 731.865
201809 656.673 99.900 740.811
201812 670.470 99.700 757.893
201903 684.274 99.700 773.497
201906 698.011 99.800 788.235
201909 713.928 100.100 803.793
201912 730.581 100.500 819.268
202003 740.818 100.300 832.405
202006 749.048 99.900 845.022
202009 778.160 99.900 877.864
202012 806.535 99.300 915.373
202103 821.739 99.900 927.027
202106 840.201 99.500 951.665
202109 877.002 100.100 987.394
202112 901.822 100.100 1,015.338
202203 916.707 101.100 1,021.888
202206 935.947 101.800 1,036.161
202209 962.616 103.100 1,052.249
202212 987.823 104.100 1,069.430
202303 1,022.441 104.400 1,103.727
202306 1,087.336 105.200 1,164.855
202309 1,131.853 106.200 1,201.128
202312 1,156.481 106.800 1,220.369
202403 1,172.940 107.200 1,233.119
202409 1,276.624 108.900 1,321.171
202503 1,371.559 111.100 1,391.311
202506 1,408.677 111.700 1,421.288
202509 1,460.736 112.000 1,469.866
202512 1,488.466 113.000 1,484.514
202603 1,548.221 112.700 1,548.221

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 2.03 mean?
Ifujingyo Co (TSE:2924) has a Cyclically Adjusted PB Ratio of 2.03 as of Aug. 17, 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 Ifujingyo Co and its competitors. This is 25% above median its historical median of 1.63. Over the past decade, Ifujingyo Co's Cyclically Adjusted PB Ratio has ranged from 1.23 to 2.79. According to the industry distribution chart, Ifujingyo Co ranks #928 out of 1386 companies in the Consumer Packaged Goods industry, placing it in the top 67%.
Is Ifujingyo Co's Cyclically Adjusted PB Ratio too high?
Ifujingyo Co's current Cyclically Adjusted PB Ratio of 2.03 is 25% above median its 10-year median of 1.63. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 2.79. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.28. Ifujingyo Co's value of 2.03 is 58.6% above this industry median. Based on the distribution chart, Ifujingyo Co ranks #928 out of 1386 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Ifujingyo Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ifujingyo Co's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Ifujingyo Co ranks #928 out of 1386 companies for Cyclically Adjusted PB Ratio. This places Ifujingyo Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Ifujingyo Co's value of 2.03 is 58.6% above this benchmark. Historically, Ifujingyo Co's own Cyclically Adjusted PB Ratio has ranged from 1.23 to 2.79 over the past decade. While the company's 10-year median is 1.63 vs. the industry median of 1.28, Ifujingyo Co 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.28, based on 1,386 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. Ifujingyo Co's current Cyclically Adjusted PB Ratio of 2.03 is 58.6% 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 Ifujingyo Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ifujingyo Co's current Cyclically Adjusted PB Ratio is 2.03, which is 25% above median its own 10-year median of 1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ifujingyo Co stock overvalued right now?
Based on GuruFocus' analysis, Ifujingyo Co (TSE:2924) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,395.17, compared to a current price of 円1,930.00 — trading 19.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.03, which is 25% above median its 10-year median of 1.63 and 58.6% above the Consumer Packaged Goods industry median of 1.28. Ifujingyo Co's overall GF Score™ is 79/100 with 1 warning sign 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 Ifujingyo Co (TSE:2924), the current Cyclically Adjusted PB Ratio is 2.03 as of Aug. 17, 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 Ifujingyo Co (TSE:2924) Overvalued in 2026?

Based on GuruFocus' analysis, Ifujingyo Co stock appears to be undervalued. The current stock price of 円1,930.00 is trading 19.4% below its estimated GF Value™ of 円2,395.17. GuruFocus considers Ifujingyo Co to be Modestly Undervalued.

Key valuation signals for TSE:2924:

  • Cyclically Adjusted PB Ratio: 2.03 (25% above median its 10-year median of 1.63)
  • GF Value™: 円2,395.17 vs. price of 円1,930.00 (19.4% below fair value)
  • GF Score™: 79/100 with 1 warning sign
  • Industry Position: 58.6% above the Consumer Packaged Goods median (#928 of 1386)

No single metric tells the full story. See the TSE:2924 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ifujingyo Co Business Description

Address 200-1 Oaza Tobarra, Kasuya Town, Fukuoka, JPN, 811-2312
Ifuji Sangyo Co Ltd is a Japan-based company engages in the production and sale of eggs products. Its products line include frozen, boiled, and liquid eggs as well as pot-steamed hotchpotch and egg tofu.
79GF Score

Get the complete analysis for TSE:2924

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

円1,930.00
Price
円2,395.17
GF Value