Qol Holdings Co (TSE:3034) Cyclically Adjusted PB Ratio: 1.71 (As of Aug. 09, 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:3034 Qol Holdings Co Ltd TSE:3034
80 GF Score
Price 円2,094.00
GF Value 円2,390.12
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Qol Holdings Co Cyclically Adjusted PB Ratio?

Qol Holdings Co TSE:3034 +2.20% 80 Cyclically Adjusted PB Ratio is 1.71 as of Aug. 09, 2026, which is 6% below its 10-year median of 1.81. GuruFocus rates TSE:3034 with a GF Score™ of 80/100 and a GF Value™ of 円2,390.12 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 353 Healthcare Providers & Services companies, Qol Holdings Co ranks better than 53.54% on this metric.

As of today (2026-08-09), Qol Holdings Co's current share price is 円2094.00. Qol Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,225.28. Qol Holdings Co's Cyclically Adjusted PB Ratio for today is 1.71.

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

TSE:3034' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.28   Med: 1.81   Max: 4.65
Current: 1.71

During the past years, Qol Holdings Co's highest Cyclically Adjusted PB Ratio was 4.65. The lowest was 1.28. And the median was 1.81.

TSE:3034's Cyclically Adjusted PB Ratio is ranked better than
53.54% of 353 companies
in the Healthcare Providers & Services industry
Industry Median: 1.9 vs TSE:3034: 1.71

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.

Qol Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,528.847. 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1,225.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qol Holdings Co  (TSE:3034) 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.


Qol Holdings Co Cyclically Adjusted PB Ratio Related Terms


Qol Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Qol Holdings 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.

Qol Holdings Co Cyclically Adjusted PB Ratio Chart

Qol Holdings 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 1.46 1.29 1.77 1.60 1.52

Qol Holdings 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 1.60 1.61 1.71 1.77 1.52

Qol Holdings Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Pharmaceutical Retailers subindustry, Qol Holdings 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.


Qol Holdings Co Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Qol Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3034
80GF Score
Qol Holdings Co Ltd TSE:3034
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qol Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2094.00/1225.28
=1.71

* 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.

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

For example, Qol Holdings 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)
=1528.847/112.7000*112.7000
=1,528.847

Current CPI (Mar. 2026) = 112.7000.

Qol Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 603.916 98.100 693.795
201609 626.661 98.000 720.660
201612 622.947 98.400 713.477
201703 652.384 98.100 749.477
201706 678.735 98.500 776.583
201709 757.330 98.800 863.877
201712 982.004 99.400 1,113.399
201803 936.684 99.200 1,064.156
201806 947.241 99.200 1,076.150
201809 971.900 99.900 1,096.428
201812 989.521 99.700 1,118.546
201903 1,006.492 99.700 1,137.730
201906 1,004.376 99.800 1,134.200
201909 1,020.474 100.100 1,148.925
201912 1,037.650 100.500 1,163.613
202003 1,074.579 100.300 1,207.428
202006 1,059.836 99.900 1,195.631
202009 1,073.946 99.900 1,211.549
202012 1,103.811 99.300 1,252.764
202103 1,124.307 99.900 1,268.362
202106 1,079.539 99.500 1,222.754
202109 1,120.619 100.100 1,261.676
202112 1,155.582 100.100 1,301.040
202203 1,189.654 101.100 1,326.152
202206 1,205.151 101.800 1,334.190
202209 1,245.020 103.100 1,360.948
202212 1,282.174 104.100 1,388.098
202303 1,314.667 104.400 1,419.186
202306 1,326.788 105.200 1,421.378
202309 1,352.700 106.200 1,435.492
202312 1,384.553 106.800 1,461.040
202403 1,414.420 107.200 1,486.988
202406 1,422.635 108.200 1,481.802
202409 1,439.523 108.900 1,489.754
202412 1,477.596 110.700 1,504.292
202503 1,521.104 111.100 1,543.010
202506 1,413.123 111.700 1,425.774
202509 1,448.905 112.000 1,457.961
202512 1,458.047 113.000 1,454.176
202603 1,528.847 112.700 1,528.847

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 1.71 mean?
Qol Holdings Co (TSE:3034) has a Cyclically Adjusted PB Ratio of 1.71 as of Aug. 09, 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 Qol Holdings Co and its competitors. This is near median its historical median of 1.81. Over the past decade, Qol Holdings Co's Cyclically Adjusted PB Ratio has ranged from 1.28 to 4.65. According to the industry distribution chart, Qol Holdings Co ranks #164 out of 353 companies in the Healthcare Providers & Services industry, placing it in the top 46.5%.
Is Qol Holdings Co's Cyclically Adjusted PB Ratio too high?
Qol Holdings Co's current Cyclically Adjusted PB Ratio of 1.71 is near median its 10-year median of 1.81. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 4.65. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.90. Qol Holdings Co's value of 1.71 is 10% below this industry median. Based on the distribution chart, Qol Holdings Co ranks #164 out of 353 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Qol Holdings Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qol Holdings Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Qol Holdings Co ranks #164 out of 353 companies for Cyclically Adjusted PB Ratio. This puts Qol Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.90. Qol Holdings Co's value of 1.71 is 10% below this benchmark. Historically, Qol Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 1.28 to 4.65 over the past decade. While the company's 10-year median is 1.81 vs. the industry median of 1.90, Qol Holdings 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.90, 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. Qol Holdings Co's current Cyclically Adjusted PB Ratio of 1.71 is 10% 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 Qol Holdings Co and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qol Holdings Co's current Cyclically Adjusted PB Ratio is 1.71, which is near median its own 10-year median of 1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qol Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Qol Holdings Co (TSE:3034) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,390.12, compared to a current price of 円2,094.00 — trading 12.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.71, which is near median its 10-year median of 1.81 and 10% below the Healthcare Providers & Services industry median of 1.90. Qol Holdings Co's overall GF Score™ is 80/100 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 Qol Holdings Co (TSE:3034), the current Cyclically Adjusted PB Ratio is 1.71 as of Aug. 09, 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 Qol Holdings Co (TSE:3034) Overvalued in 2026?

Based on GuruFocus' analysis, Qol Holdings Co stock appears to be undervalued. The current stock price of 円2,094.00 is trading 12.4% below its estimated GF Value™ of 円2,390.12. GuruFocus considers Qol Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:3034:

  • Cyclically Adjusted PB Ratio: 1.71 (near median its 10-year median of 1.81)
  • GF Value™: 円2,390.12 vs. price of 円2,094.00 (12.4% below fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 10% below the Healthcare Providers & Services median (#164 of 353)

No single metric tells the full story. See the TSE:3034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Qol Holdings Co Business Description

Address 4-3-1, Toranomon, 37th Floor, Shiroyama Trust Tower, Minato-ku, Tokyo, JPN, 105-8452
Qol Holdings Co Ltd provides pharmacy services under health insurance and sells pharmaceutical products. Its mission is to create healthy and comfortable living environments for everybody in those communities. The company operates through: Pharmacy and BPO segments. Under the Pharmacy segment the company puts customers first in-store development strategy, which is based on building one-on-one relationships with drug-prescribing clinics and hospitals in order to get the pharmacy services that include medical information. The BPO contracting segment includes clinical trials and projects and develops pamphlets and websites for medical institutions to promote sales of pharmaceutical products and provide advice on proper pharmaceutical product.
80GF Score

Get the complete analysis for TSE:3034

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

円2,094.00
Price
円2,390.12
GF Value