Anap Holdings (TSE:3189) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

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.
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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:3189 Anap Holdings Inc TSE:3189
32 GF Score
Price 円103.00
GF Value 円30.63
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Anap Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Anap Holdings  (TSE:3189) 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.


Anap Holdings Cyclically Adjusted PB Ratio Related Terms


Anap Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Anap Holdings'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.

Anap Holdings Cyclically Adjusted PB Ratio Chart

Anap Holdings Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 1.20 0.94 1.42 3.72

Anap Holdings Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.00 3.72 0.00 0.00 0.00

TSE:3189 vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Anap Holdings'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.


Anap Holdings Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Anap Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3189
32GF Score
Anap Holdings Inc TSE:3189
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anap Holdings 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.

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

For example, Anap Holdings's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=128.156/112.2000*112.2000
=128.156

Current CPI (Feb. 2026) = 112.2000.

Anap Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201602 285.590 97.800 327.640
201605 293.455 98.200 335.292
201608 300.359 97.900 344.232
201611 304.183 98.600 346.139
201702 286.531 98.100 327.714
201705 299.920 98.600 341.288
201708 346.693 98.500 394.913
201711 351.248 99.100 397.679
201802 367.201 99.500 414.070
201805 372.389 99.300 420.766
201808 404.523 99.800 454.784
201811 363.644 100.000 408.009
201902 368.347 99.700 414.529
201905 380.273 100.000 426.666
201908 388.046 100.000 435.388
201911 372.477 100.500 415.840
202002 312.928 100.300 350.055
202005 283.066 100.100 317.283
202008 304.096 100.100 340.855
202011 296.207 99.500 334.014
202102 226.768 99.800 254.944
202105 159.247 99.400 179.754
202108 126.790 99.700 142.686
202111 117.283 100.100 131.460
202202 70.163 100.700 78.176
202205 66.880 101.800 73.713
202208 22.347 102.700 24.414
202211 22.015 103.900 23.774
202302 -25.347 104.000 -27.346
202305 -62.035 105.100 -66.226
202308 -172.565 105.900 -182.831
202311 -219.046 106.900 -229.906
202402 -281.224 106.900 -295.167
202405 -330.224 108.100 -342.749
202408 -404.981 109.100 -416.488
202502 43.046 110.800 43.590
202505 39.986 111.800 40.129
202508 336.767 112.100 337.067
202511 286.206 113.200 283.678
202602 128.156 112.200 128.156

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.

Is Anap Holdings (TSE:3189) Overvalued in 2026?

Based on GuruFocus' analysis, Anap Holdings stock appears to be overvalued. The current stock price of 円103.00 is trading 236.3% above its estimated GF Value™ of 円30.63. GuruFocus considers Anap Holdings to be Significantly Overvalued.

Key valuation signals for TSE:3189:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円30.63 vs. price of 円103.00 (236.3% above fair value)
  • GF Score™: 32/100 with 10 warning signs

No single metric tells the full story. See the TSE:3189 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anap Holdings Business Description

Address 20-19 Minamiaoyama 4-chome, Minato-ku, Tokyo, JPN, 107-0062
Anap Holdings Inc operates a variety of businesses, including apparel, beauty, relaxation, and investment. The company is engaged in formulating and implementing management strategies for the entire group of companies involved in casual clothing sales, beauty salon-related businesses, investment businesses, and others.
32GF Score

Get the complete analysis for TSE:3189

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

円103.00
Price
円30.63
GF Value