Banners Co (TSE:3011) Cyclically Adjusted PB Ratio: 0.87 (As of Aug. 14, 2026) — Near 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:3011 Banners Co Ltd TSE:3011
72 GF Score
Price 円144.00
GF Value 円165.56
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Banners Co Cyclically Adjusted PB Ratio?

Banners Co TSE:3011 72 Cyclically Adjusted PB Ratio is 0.87 as of Aug. 14, 2026, which is 2% above its 10-year median of 0.85. GuruFocus rates TSE:3011 with a GF Score™ of 72/100 and a GF Value™ of 円165.56 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 982 Vehicles & Parts companies, Banners Co ranks better than 64.26% on this metric.

As of today (2026-08-14), Banners Co's current share price is 円144.00. Banners Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円166.38. Banners Co's Cyclically Adjusted PB Ratio for today is 0.87.

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

TSE:3011' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.85   Max: 1.36
Current: 0.87

During the past years, Banners Co's highest Cyclically Adjusted PB Ratio was 1.36. The lowest was 0.62. And the median was 0.85.

TSE:3011's Cyclically Adjusted PB Ratio is ranked better than
64.26% of 982 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs TSE:3011: 0.87

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.

Banners Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円180.825. 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166.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banners Co  (TSE:3011) 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.


Banners Co Cyclically Adjusted PB Ratio Related Terms


Banners Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Banners 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.

Banners Co Cyclically Adjusted PB Ratio Chart

Banners 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 0.82 0.82 1.00 0.85 1.11

Banners Co 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 0.85 0.87 0.93 0.92 1.11

TSE:3011 vs CVNA, PAG, KMX: Cyclically Adjusted PB Ratio Comparison

For the Auto & Truck Dealerships subindustry, Banners 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.


Banners Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Banners Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3011
72GF Score
Banners Co Ltd TSE:3011
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banners 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=144.00/166.38
=0.87

* 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.

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

For example, Banners 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)
=180.825/112.7000*112.7000
=180.825

Current CPI (Mar. 2026) = 112.7000.

Banners Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 148.794 97.900 171.288
201606 150.993 98.100 173.465
201609 152.642 98.000 175.538
201612 154.614 98.400 177.083
201703 154.074 98.100 177.004
201706 153.464 98.500 175.588
201709 150.616 98.800 171.806
201712 151.773 99.400 172.081
201803 153.079 99.200 173.911
201806 152.532 99.200 173.290
201809 149.432 99.900 168.578
201812 144.352 99.700 163.174
201903 155.217 99.700 175.456
201906 145.550 99.800 164.364
201909 145.778 100.100 164.128
201912 145.519 100.500 163.184
202003 138.704 100.300 155.852
202006 134.008 99.900 151.178
202009 133.782 99.900 150.923
202012 134.608 99.300 152.773
202103 138.803 99.900 156.588
202106 137.073 99.500 155.258
202109 137.886 100.100 155.242
202112 139.058 100.100 156.562
202203 145.880 101.100 162.618
202206 144.507 101.800 159.980
202209 146.373 103.100 160.002
202212 148.576 104.100 160.850
202303 152.660 104.400 164.797
202306 148.924 105.200 159.541
202309 153.610 106.200 163.012
202312 156.590 106.800 165.241
202403 161.309 107.200 169.585
202406 160.649 108.200 167.330
202409 164.191 108.900 169.920
202503 172.244 111.100 174.725
202506 170.149 111.700 171.672
202509 173.839 112.000 174.925
202512 176.501 113.000 176.032
202603 180.825 112.700 180.825

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 0.87 mean?
Banners Co (TSE:3011) has a Cyclically Adjusted PB Ratio of 0.87 as of Aug. 14, 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 Banners Co and its competitors. This is near median its historical median of 0.85. Over the past decade, Banners Co's Cyclically Adjusted PB Ratio has ranged from 0.62 to 1.36. According to the industry distribution chart, Banners Co ranks #351 out of 982 companies in the Vehicles & Parts industry, placing it in the top 35.7%.
Is Banners Co's Cyclically Adjusted PB Ratio too high?
Banners Co's current Cyclically Adjusted PB Ratio of 0.87 is near median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.36. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. Banners Co's value of 0.87 is 31% below this industry median. Based on the distribution chart, Banners Co ranks #351 out of 982 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Banners Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banners Co's Cyclically Adjusted PB Ratio compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Banners Co ranks #351 out of 982 companies for Cyclically Adjusted PB Ratio. This puts Banners Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Banners Co's value of 0.87 is 31% below this benchmark. Historically, Banners Co'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 0.85 vs. the industry median of 1.26, Banners 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 982 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. Banners Co's current Cyclically Adjusted PB Ratio of 0.87 is 31% 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 Banners Co and its competitors. For the Vehicles & Parts 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. Banners Co's current Cyclically Adjusted PB Ratio is 0.87, which is near median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banners Co stock overvalued right now?
Based on GuruFocus' analysis, Banners Co (TSE:3011) is currently considered Modestly Undervalued. The stock's GF Value™ is 円165.56, compared to a current price of 円144.00 — trading 13% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.87, which is near median its 10-year median of 0.85 and 31% below the Vehicles & Parts industry median of 1.26. Banners Co's overall GF Score™ is 72/100 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 Banners Co (TSE:3011), the current Cyclically Adjusted PB Ratio is 0.87 as of Aug. 14, 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 Banners Co (TSE:3011) Overvalued in 2026?

Based on GuruFocus' analysis, Banners Co stock appears to be undervalued. The current stock price of 円144.00 is trading 13% below its estimated GF Value™ of 円165.56. GuruFocus considers Banners Co to be Modestly Undervalued.

Key valuation signals for TSE:3011:

  • Cyclically Adjusted PB Ratio: 0.87 (near median its 10-year median of 0.85)
  • GF Value™: 円165.56 vs. price of 円144.00 (13% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 31% below the Vehicles & Parts median (#351 of 982)

No single metric tells the full story. See the TSE:3011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Banners Co Business Description

Address 102 Ishihara 1-chome, Kumagaya-shi, Saitama, JPN, 3600816
Banners Co Ltd is a Japan-based company. The company operates its business activities in three divisions including real estate utilization business, automobile sales business and musical instrument sales business. In the real estate utilization business, the company mainly rent tenants. In the automobile sales business, it sells Honda Vehicles and non-life insurance. In the musical instrument sales business, it imports and sells oboe and bathoons as a specialty store of double reed musical instruments. It also provides maintenance and after-sales services.
72GF Score

Get the complete analysis for TSE:3011

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

円144.00
Price
円165.56
GF Value