WIN-Partners Co (TSE:3183) Cyclically Adjusted PB Ratio: 1.60 (As of Aug. 05, 2026) — 15% Below Median

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TSE:3183 WIN-Partners Co Ltd TSE:3183
67 GF Score
Price 円1,284.00
GF Value 円1,532.80
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is WIN-Partners Co Cyclically Adjusted PB Ratio?

WIN-Partners Co TSE:3183 -1.46% 67 Cyclically Adjusted PB Ratio is 1.60 as of Aug. 05, 2026, which is 15% below its 10-year median of 1.89. GuruFocus rates TSE:3183 with a GF Score™ of 67/100 and a GF Value™ of 円1,532.80 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 91 Medical Distribution companies, WIN-Partners Co ranks worse than 64.84% on this metric.

As of today (2026-08-05), WIN-Partners Co's current share price is 円1284.00. WIN-Partners Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was 円800.51. WIN-Partners Co's Cyclically Adjusted PB Ratio for today is 1.60.

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

TSE:3183' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.49   Med: 1.89   Max: 3.8
Current: 1.63

During the past 13 years, WIN-Partners Co's highest Cyclically Adjusted PB Ratio was 3.80. The lowest was 1.49. And the median was 1.89.

TSE:3183's Cyclically Adjusted PB Ratio is ranked worse than
64.84% of 91 companies
in the Medical Distribution industry
Industry Median: 1.13 vs TSE:3183: 1.63

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.

WIN-Partners Co's adjusted book value per share data of for the fiscal year that ended in Mar26 was 円846.950. 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800.51 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


WIN-Partners Co  (TSE:3183) 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.


WIN-Partners Co Cyclically Adjusted PB Ratio Related Terms


WIN-Partners Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for WIN-Partners 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.

WIN-Partners Co Cyclically Adjusted PB Ratio Chart

WIN-Partners 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 1.80 1.63 1.77 1.74 1.71

WIN-Partners Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 1.77 1.75 1.74 0.00 1.71

TSE:3183 vs MCK, COR, CAH: Cyclically Adjusted PB Ratio Comparison

For the Medical Distribution subindustry, WIN-Partners 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.


WIN-Partners Co Cyclically Adjusted PB Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, WIN-Partners Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3183
67GF Score
WIN-Partners Co Ltd TSE:3183
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WIN-Partners 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.

WIN-Partners Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1284.00/800.51
=1.60

* 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.

WIN-Partners Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, WIN-Partners Co's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=846.95/112.7000*112.7000
=846.950

Current CPI (Mar26) = 112.7000.

WIN-Partners Co Annual Data

Book Value per Share CPI Adj_Book
201703 539.697 98.100 620.019
201803 618.795 99.200 703.006
201903 680.891 99.700 769.673
202003 714.280 100.300 802.586
202103 736.322 99.900 830.666
202203 764.318 101.100 852.014
202303 801.636 104.400 865.368
202403 818.761 107.200 860.768
202503 841.877 111.100 854.001
202603 846.950 112.700 846.950

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 1.60 mean?
WIN-Partners Co (TSE:3183) has a Cyclically Adjusted PB Ratio of 1.60 as of Aug. 05, 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 WIN-Partners Co and its competitors. This is 15% below median its historical median of 1.89. Over the past decade, WIN-Partners Co's Cyclically Adjusted PB Ratio has ranged from 1.49 to 3.80. According to the industry distribution chart, WIN-Partners Co ranks #59 out of 91 companies in the Medical Distribution industry, placing it in the top 64.8%.
Is WIN-Partners Co's Cyclically Adjusted PB Ratio too high?
WIN-Partners Co's current Cyclically Adjusted PB Ratio of 1.60 is 15% below median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 1.49 to a high of 3.80. The Medical Distribution industry median Cyclically Adjusted PB Ratio is 1.13. WIN-Partners Co's value of 1.60 is 41.6% above this industry median. Based on the distribution chart, WIN-Partners Co ranks #59 out of 91 companies in the Medical Distribution industry, which is below the industry midpoint. Overall, WIN-Partners Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does WIN-Partners Co's Cyclically Adjusted PB Ratio compare to MCK and COR?
According to the Medical Distribution industry distribution chart, WIN-Partners Co ranks #59 out of 91 companies for Cyclically Adjusted PB Ratio. This places WIN-Partners Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.13. WIN-Partners Co's value of 1.60 is 41.6% above this benchmark. Historically, WIN-Partners Co's own Cyclically Adjusted PB Ratio has ranged from 1.49 to 3.80 over the past decade. While the company's 10-year median is 1.89 vs. the industry median of 1.13, WIN-Partners 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 Medical Distribution company?
The median Cyclically Adjusted PB Ratio among Medical Distribution companies is 1.13, based on 91 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. WIN-Partners Co's current Cyclically Adjusted PB Ratio of 1.60 is 41.6% 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 WIN-Partners Co and its competitors. For the Medical Distribution industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WIN-Partners Co's current Cyclically Adjusted PB Ratio is 1.60, which is 15% below median its own 10-year median of 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WIN-Partners Co stock overvalued right now?
Based on GuruFocus' analysis, WIN-Partners Co (TSE:3183) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,532.80, compared to a current price of 円1,284.00 — trading 16.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.60, which is 15% below median its 10-year median of 1.89 and 41.6% above the Medical Distribution industry median of 1.13. WIN-Partners Co's overall GF Score™ is 67/100 with 3 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 WIN-Partners Co (TSE:3183), the current Cyclically Adjusted PB Ratio is 1.60 as of Aug. 05, 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 WIN-Partners Co (TSE:3183) Overvalued in 2026?

Based on GuruFocus' analysis, WIN-Partners Co stock appears to be undervalued. The current stock price of 円1,284.00 is trading 16.2% below its estimated GF Value™ of 円1,532.80. GuruFocus considers WIN-Partners Co to be Modestly Undervalued.

Key valuation signals for TSE:3183:

  • Cyclically Adjusted PB Ratio: 1.60 (15% below median its 10-year median of 1.89)
  • GF Value™: 円1,532.80 vs. price of 円1,284.00 (16.2% below fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 41.6% above the Medical Distribution median (#59 of 91)

No single metric tells the full story. See the TSE:3183 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WIN-Partners Co Business Description

Address 2-2-1 Kyobashi, Chuoku, 21st Floor, Kyobashi Edogrand, Tokyo, JPN, 104-0031
WIN-Partners Co Ltd is engaged in the healthcare sector. The company provides medical devices to Japan's medical institutions. Its products offerings are Cardiovascular device, Insulin Pump, X-ray Angio System, Carotid Artery Stent, Stent Graft, among others. The company operates only in one segment which is the medical equipment sales business.
67GF Score

Get the complete analysis for TSE:3183

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

円1,284.00
Price
円1,532.80
GF Value