Pepper Food Service Co (TSE:3053) Cyclically Adjusted PB Ratio: 2.09 (As of Aug. 08, 2026) — 33% Below 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:3053 Pepper Food Service Co Ltd TSE:3053
54 GF Score
Price 円190.00
GF Value 円128.38
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Pepper Food Service Co Cyclically Adjusted PB Ratio?

Pepper Food Service Co TSE:3053 +1.06% 54 Cyclically Adjusted PB Ratio is 2.09 as of Aug. 08, 2026, which is 33% below its 10-year median of 3.12. GuruFocus rates TSE:3053 with a GF Score™ of 54/100 and a GF Value™ of 円128.38 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 255 Restaurants companies, Pepper Food Service Co ranks worse than 51.76% on this metric.

As of today (2026-08-08), Pepper Food Service Co's current share price is 円190.00. Pepper Food Service Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円90.71. Pepper Food Service Co's Cyclically Adjusted PB Ratio for today is 2.09.

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

TSE:3053' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1   Med: 3.12   Max: 56.55
Current: 2

During the past years, Pepper Food Service Co's highest Cyclically Adjusted PB Ratio was 56.55. The lowest was 1.00. And the median was 3.12.

TSE:3053's Cyclically Adjusted PB Ratio is ranked worse than
51.76% of 255 companies
in the Restaurants industry
Industry Median: 1.87 vs TSE:3053: 2.00

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.

Pepper Food Service Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円55.630. 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90.71 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pepper Food Service Co  (TSE:3053) 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.


Pepper Food Service Co Cyclically Adjusted PB Ratio Related Terms


Pepper Food Service Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pepper Food Service 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.

Pepper Food Service Co Cyclically Adjusted PB Ratio Chart

Pepper Food Service Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.64 2.22 1.12 1.82 1.93

Pepper Food Service Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 2.32 2.15 2.01 1.93 0.00

TSE:3053 vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Pepper Food Service 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.


Pepper Food Service Co Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Pepper Food Service Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3053
54GF Score
Pepper Food Service Co Ltd TSE:3053
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pepper Food Service 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.

Pepper Food Service Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=190.00/90.71
=2.09

* 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.

Pepper Food Service Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Pepper Food Service Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=55.63/113.0000*113.0000
=55.630

Current CPI (Dec. 2025) = 113.0000.

Pepper Food Service Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 119.859 98.100 138.064
201603 119.420 97.900 137.839
201606 127.376 98.100 146.723
201609 126.458 98.000 145.814
201612 140.858 98.400 161.758
201703 155.319 98.100 178.910
201706 177.812 98.500 203.987
201709 185.889 98.800 212.606
201712 198.708 99.400 225.895
201803 214.900 99.200 244.795
201806 233.323 99.200 265.781
201809 240.191 99.900 271.688
201812 179.892 99.700 203.890
201903 192.623 99.700 218.319
201906 196.461 99.800 222.446
201909 66.216 100.100 74.749
201912 25.992 100.500 29.225
202003 -252.880 100.300 -284.900
202006 -241.709 99.900 -273.405
202009 -8.216 99.900 -9.293
202012 15.134 99.300 17.222
202103 41.261 99.900 46.672
202106 68.517 99.500 77.813
202109 68.560 100.100 77.395
202112 83.403 100.100 94.151
202203 81.348 101.100 90.923
202206 58.385 101.800 64.808
202209 43.947 103.100 48.167
202212 32.710 104.100 35.507
202303 35.608 104.400 38.541
202306 43.117 105.200 46.314
202309 46.289 106.200 49.253
202312 46.434 106.800 49.130
202403 49.330 107.200 51.999
202406 51.371 108.200 53.650
202412 52.812 110.700 53.909
202503 52.293 111.100 53.187
202506 54.067 111.700 54.696
202509 54.230 112.000 54.714
202512 55.630 113.000 55.630

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 2.09 mean?
Pepper Food Service Co (TSE:3053) has a Cyclically Adjusted PB Ratio of 2.09 as of Aug. 08, 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 Pepper Food Service Co and its competitors. This is 33% below median its historical median of 3.12. Over the past decade, Pepper Food Service Co's Cyclically Adjusted PB Ratio has ranged from 1.00 to 56.55. According to the industry distribution chart, Pepper Food Service Co ranks #132 out of 255 companies in the Restaurants industry, placing it in the top 51.8%.
Is Pepper Food Service Co's Cyclically Adjusted PB Ratio too high?
Pepper Food Service Co's current Cyclically Adjusted PB Ratio of 2.09 is 33% below median its 10-year median of 3.12. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 56.55. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.87. Pepper Food Service Co's value of 2.09 is 11.8% above this industry median. Based on the distribution chart, Pepper Food Service Co ranks #132 out of 255 companies in the Restaurants industry, which is below the industry midpoint. Overall, Pepper Food Service Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pepper Food Service Co's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Pepper Food Service Co ranks #132 out of 255 companies for Cyclically Adjusted PB Ratio. This places Pepper Food Service Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.87. Pepper Food Service Co's value of 2.09 is 11.8% above this benchmark. Historically, Pepper Food Service Co's own Cyclically Adjusted PB Ratio has ranged from 1.00 to 56.55 over the past decade. While the company's 10-year median is 3.12 vs. the industry median of 1.87, Pepper Food Service 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.87, based on 255 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. Pepper Food Service Co's current Cyclically Adjusted PB Ratio of 2.09 is 11.8% 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 Pepper Food Service Co and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pepper Food Service Co's current Cyclically Adjusted PB Ratio is 2.09, which is 33% below median its own 10-year median of 3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pepper Food Service Co stock overvalued right now?
Based on GuruFocus' analysis, Pepper Food Service Co (TSE:3053) is currently considered Significantly Overvalued. The stock's GF Value™ is 円128.38, compared to a current price of 円190.00 — trading 48% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.09, which is 33% below median its 10-year median of 3.12 and 11.8% above the Restaurants industry median of 1.87. Pepper Food Service Co's overall GF Score™ is 54/100 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 Pepper Food Service Co (TSE:3053), the current Cyclically Adjusted PB Ratio is 2.09 as of Aug. 08, 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 Pepper Food Service Co (TSE:3053) Overvalued in 2026?

Based on GuruFocus' analysis, Pepper Food Service Co stock appears to be overvalued. The current stock price of 円190.00 is trading 48% above its estimated GF Value™ of 円128.38. GuruFocus considers Pepper Food Service Co to be Significantly Overvalued.

Key valuation signals for TSE:3053:

  • Cyclically Adjusted PB Ratio: 2.09 (33% below median its 10-year median of 3.12)
  • GF Value™: 円128.38 vs. price of 円190.00 (48% above fair value)
  • GF Score™: 54/100 with 1 warning sign
  • Industry Position: 11.8% above the Restaurants median (#132 of 255)

No single metric tells the full story. See the TSE:3053 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pepper Food Service Co Business Description

Address 4-1-3 Taihei, Sumida-ku, 17th floor, Olinas Tower, Tokyo, JPN
Pepper Food Service Co Ltd is Japan-based company engaged in the operation of restaurants. The company operates fast food restaurants under the Pepper Lunch brand name in Japan, Singapore, Malaysia, Indonesia, the Philippines, Thailand, Macau, Taiwan, China, Hong Kong, Australia, and Korea. Its segments include Pepper Lunch, Ikinari! Steak, Other Restaurants, and Own-brand products.
54GF Score

Get the complete analysis for TSE:3053

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

円190.00
Price
円128.38
GF Value