Gunze (TSE:3002) Cyclically Adjusted PB Ratio: 1.18 (As of Aug. 06, 2026) — 55% Above Median

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TSE:3002 Gunze Ltd TSE:3002
67 GF Score
Price 円4,170.00
GF Value 円2,784.37
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Gunze Cyclically Adjusted PB Ratio?

Gunze TSE:3002 +2.21% 67 Cyclically Adjusted PB Ratio is 1.18 as of Aug. 06, 2026, which is 55% above its 10-year median of 0.76. GuruFocus rates TSE:3002 with a GF Score™ of 67/100 and a GF Value™ of 円2,784.37 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 848 Manufacturing - Apparel & Accessories companies, Gunze ranks worse than 55.66% on this metric.

As of today (2026-08-06), Gunze's current share price is 円4170.00. Gunze's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円3,532.75. Gunze's Cyclically Adjusted PB Ratio for today is 1.18.

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

TSE:3002' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.76   Max: 1.34
Current: 1.13

During the past years, Gunze's highest Cyclically Adjusted PB Ratio was 1.34. The lowest was 0.55. And the median was 0.76.

TSE:3002's Cyclically Adjusted PB Ratio is ranked worse than
55.66% of 848 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.95 vs TSE:3002: 1.13

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.

Gunze's adjusted book value per share data for the three months ended in Mar. 2026 was 円3,568.352. 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3,532.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gunze  (TSE:3002) 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.


Gunze Cyclically Adjusted PB Ratio Related Terms


Gunze Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gunze'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.

Gunze Cyclically Adjusted PB Ratio Chart

Gunze 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 0.61 0.70 0.83 0.76 1.05

Gunze 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 0.76 1.02 1.08 1.21 1.05

TSE:3002 vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Gunze'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.


Gunze Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gunze's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3002
67GF Score
Gunze Ltd TSE:3002
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gunze 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4170.00/3532.75
=1.18

* 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.

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

For example, Gunze'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)
=3568.352/112.7000*112.7000
=3,568.352

Current CPI (Mar. 2026) = 112.7000.

Gunze Quarterly Data

Book Value per Share CPI Adj_Book
201606 2,649.757 98.100 3,044.114
201609 2,657.164 98.000 3,055.739
201612 2,904.985 98.400 3,327.153
201703 2,900.112 98.100 3,331.729
201706 2,954.199 98.500 3,380.084
201709 3,013.664 98.800 3,437.651
201712 3,089.956 99.400 3,503.401
201803 3,049.927 99.200 3,464.988
201806 3,034.306 99.200 3,447.241
201809 3,075.993 99.900 3,470.114
201812 3,351.979 99.700 3,789.047
201903 3,036.712 99.700 3,432.672
201906 2,978.542 99.800 3,363.544
201909 3,019.423 100.100 3,399.490
201912 3,128.573 100.500 3,508.360
202003 3,035.837 100.300 3,411.155
202006 2,994.365 99.900 3,378.027
202009 3,055.869 99.900 3,447.412
202012 3,129.656 99.300 3,551.986
202103 3,214.264 99.900 3,626.102
202106 3,157.062 99.500 3,575.888
202109 3,310.797 100.100 3,727.541
202112 3,355.651 100.100 3,778.041
202203 3,271.454 101.100 3,646.814
202206 3,274.609 101.800 3,625.230
202209 3,334.260 103.100 3,644.725
202212 3,422.676 104.100 3,705.433
202303 3,398.469 104.400 3,668.654
202306 3,399.320 105.200 3,641.667
202309 3,475.512 106.200 3,688.232
202312 3,534.472 106.800 3,729.728
202403 3,559.935 107.200 3,742.581
202406 3,560.731 108.200 3,708.821
202409 3,620.848 108.900 3,747.195
202412 3,615.176 110.700 3,680.491
202503 3,670.496 111.100 3,723.356
202506 3,395.103 111.700 3,425.498
202509 3,413.399 112.000 3,434.733
202512 3,486.138 113.000 3,476.883
202603 3,568.352 112.700 3,568.352

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 1.18 mean?
Gunze (TSE:3002) has a Cyclically Adjusted PB Ratio of 1.18 as of Aug. 06, 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 Gunze and its competitors. This is 55% above median its historical median of 0.76. Over the past decade, Gunze's Cyclically Adjusted PB Ratio has ranged from 0.55 to 1.34. According to the industry distribution chart, Gunze ranks #472 out of 848 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 55.7%.
Is Gunze's Cyclically Adjusted PB Ratio too high?
Gunze's current Cyclically Adjusted PB Ratio of 1.18 is 55% above median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.34. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.95. Gunze's value of 1.18 is 24.2% above this industry median. Based on the distribution chart, Gunze ranks #472 out of 848 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Gunze has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gunze's Cyclically Adjusted PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Gunze ranks #472 out of 848 companies for Cyclically Adjusted PB Ratio. This places Gunze in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.95. Gunze's value of 1.18 is 24.2% above this benchmark. Historically, Gunze's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 1.34 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.95, Gunze 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.95, based on 848 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. Gunze's current Cyclically Adjusted PB Ratio of 1.18 is 24.2% 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 Gunze and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gunze's current Cyclically Adjusted PB Ratio is 1.18, which is 55% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gunze stock overvalued right now?
Based on GuruFocus' analysis, Gunze (TSE:3002) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,784.37, compared to a current price of 円4,170.00 — trading 49.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.18, which is 55% above median its 10-year median of 0.76 and 24.2% above the Manufacturing - Apparel & Accessories industry median of 0.95. Gunze's overall GF Score™ is 67/100 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 Gunze (TSE:3002), the current Cyclically Adjusted PB Ratio is 1.18 as of Aug. 06, 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 Gunze (TSE:3002) Overvalued in 2026?

Based on GuruFocus' analysis, Gunze stock appears to be overvalued. The current stock price of 円4,170.00 is trading 49.8% above its estimated GF Value™ of 円2,784.37. GuruFocus considers Gunze to be Significantly Overvalued.

Key valuation signals for TSE:3002:

  • Cyclically Adjusted PB Ratio: 1.18 (55% above median its 10-year median of 0.76)
  • GF Value™: 円2,784.37 vs. price of 円4,170.00 (49.8% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 24.2% above the Manufacturing - Apparel & Accessories median (#472 of 848)

No single metric tells the full story. See the TSE:3002 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gunze Business Description

Other Exchanges GUN:Germany
Address 2-5-25, Umeda, Kita-ku, Herbis Osaka Office Tower, Osaka, JPN, 530-0001
Gunze Ltd has three business lines: Apparel, Functional Solutions, and Lifestyle Creation. Apparel, which is the company's largest business by revenue, manufactures innerwear, legwear, house casual wear, and threads and accessories with brands including Kaiteki Kobo, Body Wild, Tuche, The Gunze, and Sabrina. Functional Solutions produces plastic films, engineering plastics, electronic components, mechatronics, and medical materials for the beverage, electronics, and medical industries. Lifestyle Creations, the smallest business, engages in a variety of service businesses including landscaping, fitness clubs and spas, property development, and energy engineering. Roughly three fourths of the company's sales come from Japan.
67GF Score

Get the complete analysis for TSE:3002

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

円4,170.00
Price
円2,784.37
GF Value