kaihan Co (TSE:3133) Cyclically Adjusted PB Ratio: 1.06 (As of Sep. 15, 2026) — 88% 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:3133 kaihan Co Ltd TSE:3133
21 GF Score
Price 円60.00
GF Value 円701.13
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is kaihan Co Cyclically Adjusted PB Ratio?

kaihan Co TSE:3133 -3.23% 21 Cyclically Adjusted PB Ratio is 1.06 as of Sep. 15, 2026, which is 88% below its 10-year median of 8.94. GuruFocus rates TSE:3133 with a GF Score™ of 21/100 and a GF Value™ of 円701.13 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 250 Restaurants companies, kaihan Co ranks better than 66.4% on this metric.

As of today (2026-09-15), kaihan Co's current share price is 円60.00. kaihan Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円56.64. kaihan Co's Cyclically Adjusted PB Ratio for today is 1.06.

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

TSE:3133' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.09   Med: 8.94   Max: 15.53
Current: 1.09

During the past years, kaihan Co's highest Cyclically Adjusted PB Ratio was 15.53. The lowest was 1.09. And the median was 8.94.

TSE:3133's Cyclically Adjusted PB Ratio is ranked better than
66.4% of 250 companies
in the Restaurants industry
Industry Median: 1.74 vs TSE:3133: 1.09

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.

kaihan Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円8.115. 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56.64 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


kaihan Co  (TSE:3133) 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.


kaihan Co Cyclically Adjusted PB Ratio Related Terms


kaihan Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for kaihan 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.

kaihan Co Cyclically Adjusted PB Ratio Chart

kaihan 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 0.00 0.00 0.00 10.79 6.14

kaihan Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 9.49 9.96 7.17 6.14 0.00

TSE:3133 vs MCD, SBUX, CMG: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, kaihan 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.


kaihan Co Cyclically Adjusted PB Ratio vs Restaurants Industry

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

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


TSE:3133
21GF Score
kaihan Co Ltd TSE:3133
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

kaihan 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.00/56.64
=1.06

* 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.

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

For example, kaihan 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)
=8.115/112.7000*112.7000
=8.115

Current CPI (Mar. 2026) = 112.7000.

kaihan Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 239.865 97.900 276.127
201606 236.486 98.100 271.682
201609 241.635 98.000 277.880
201612 240.217 98.400 275.127
201703 242.869 98.100 279.015
201706 218.968 98.500 250.535
201709 247.153 98.800 281.925
201712 246.569 99.400 279.561
201803 199.125 99.200 226.224
201806 180.218 99.200 204.744
201809 167.284 99.900 188.718
201812 108.372 99.700 122.503
201903 50.367 99.700 56.934
201906 34.840 99.800 39.343
201909 17.510 100.100 19.714
201912 2.317 100.500 2.598
202003 -80.944 100.300 -90.951
202006 -165.283 99.900 -186.460
202009 -220.368 99.900 -248.603
202012 -317.375 99.300 -360.203
202103 -52.180 99.900 -58.866
202106 -52.126 99.500 -59.041
202109 -47.993 100.100 -54.034
202112 -47.758 100.100 -53.769
202203 15.984 101.100 17.818
202206 8.889 101.800 9.841
202209 6.853 103.100 7.491
202212 8.724 104.100 9.445
202303 7.671 104.400 8.281
202306 9.117 105.200 9.767
202309 21.188 106.200 22.485
202312 20.447 106.800 21.577
202403 17.543 107.200 18.443
202406 14.860 108.200 15.478
202409 36.903 108.900 38.191
202503 28.333 111.100 28.741
202506 78.984 111.700 79.691
202509 17.102 112.000 17.209
202512 12.508 113.000 12.475
202603 8.115 112.700 8.115

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 1.06 mean?
kaihan Co (TSE:3133) has a Cyclically Adjusted PB Ratio of 1.06 as of Sep. 15, 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 kaihan Co and its competitors. This is 88% below median its historical median of 8.94. Over the past decade, kaihan Co's Cyclically Adjusted PB Ratio has ranged from 1.09 to 15.53. According to the industry distribution chart, kaihan Co ranks #84 out of 250 companies in the Restaurants industry, placing it in the top 33.6%.
Is kaihan Co's Cyclically Adjusted PB Ratio too high?
kaihan Co's current Cyclically Adjusted PB Ratio of 1.06 is 88% below median its 10-year median of 8.94. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 15.53. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.74. kaihan Co's value of 1.06 is 39.1% below this industry median. Based on the distribution chart, kaihan Co ranks #84 out of 250 companies in the Restaurants industry, which is above the industry midpoint. Overall, kaihan Co has a GF Score™ of 21/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does kaihan Co's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, kaihan Co ranks #84 out of 250 companies for Cyclically Adjusted PB Ratio. This puts kaihan Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.74. kaihan Co's value of 1.06 is 39.1% below this benchmark. Historically, kaihan Co's own Cyclically Adjusted PB Ratio has ranged from 1.09 to 15.53 over the past decade. While the company's 10-year median is 8.94 vs. the industry median of 1.74, kaihan 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.74, based on 250 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. kaihan Co's current Cyclically Adjusted PB Ratio of 1.06 is 39.1% 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 kaihan Co and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. kaihan Co's current Cyclically Adjusted PB Ratio is 1.06, which is 88% below median its own 10-year median of 8.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is kaihan Co stock overvalued right now?
Based on GuruFocus' analysis, kaihan Co (TSE:3133) is currently considered Possible Value Trap. The stock's GF Value™ is 円701.13, compared to a current price of 円60.00 — trading 91.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.06, which is 88% below median its 10-year median of 8.94 and 39.1% below the Restaurants industry median of 1.74. kaihan Co's overall GF Score™ is 21/100 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 kaihan Co (TSE:3133), the current Cyclically Adjusted PB Ratio is 1.06 as of Sep. 15, 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 kaihan Co (TSE:3133) Overvalued in 2026?

Based on GuruFocus' analysis, kaihan Co stock appears to be undervalued. The current stock price of 円60.00 is trading 91.4% below its estimated GF Value™ of 円701.13. GuruFocus considers kaihan Co to be Possible Value Trap.

Key valuation signals for TSE:3133:

  • Cyclically Adjusted PB Ratio: 1.06 (88% below median its 10-year median of 8.94)
  • GF Value™: 円701.13 vs. price of 円60.00 (91.4% below fair value)
  • GF Score™: 21/100 with 4 warning signs
  • Industry Position: 39.1% below the Restaurants median (#84 of 250)

No single metric tells the full story. See the TSE:3133 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


kaihan Co Business Description

Address 4-15-15 Meieki, Nagoya Sogo Ichiba Building, Nakamura-ku, Nagoya, JPN, 450-0002
kaihan Co Ltd is involved in the design, development, and operation of restaurants, including Japanese-style bars. The company is involved in the planning, development and operation of restaurants centering on Izakayas (Japanese pubs), such as Showa Shokudo, Ebisuya, and Osu 2-chome Sakaba, among others.
21GF Score

Get the complete analysis for TSE:3133

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

円60.00
Price
円701.13
GF Value