Asahi Co (TSE:3333) Cyclically Adjusted PB Ratio: 0.99 (As of Jul. 25, 2026) — 30% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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:3333 Asahi Co Ltd TSE:3333
72 GF Score
Price 円1,319.00
GF Value 円1,404.37
Valuation Fairly Valued
! 4 Warning Signs
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What is Asahi Co Cyclically Adjusted PB Ratio?

Asahi Co TSE:3333 -0.60% 72 Cyclically Adjusted PB Ratio is 0.99 as of Jul. 25, 2026, which is 30% below its 10-year median of 1.41. GuruFocus rates TSE:3333 with a GF Score™ of 72/100 and a GF Value™ of 円1,404.37 (Fairly Valued). The stock has 4 warning signs investors should review. Among 809 Retail - Cyclical companies, Asahi Co ranks better than 56.86% on this metric.

As of today (2026-07-25), Asahi Co's current share price is 円1319.00. Asahi Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円1,331.65. Asahi Co's Cyclically Adjusted PB Ratio for today is 0.99.

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

TSE:3333' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.41   Max: 2.45
Current: 0.99

During the past years, Asahi Co's highest Cyclically Adjusted PB Ratio was 2.45. The lowest was 0.94. And the median was 1.41.

TSE:3333's Cyclically Adjusted PB Ratio is ranked better than
56.86% of 809 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs TSE:3333: 0.99

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.

Asahi Co's adjusted book value per share data for the three months ended in Feb. 2026 was 円1,542.088. 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1,331.65 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asahi Co  (TSE:3333) 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.


Asahi Co Cyclically Adjusted PB Ratio Related Terms


Asahi Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Asahi 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.

Asahi Co Cyclically Adjusted PB Ratio Chart

Asahi Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.43 1.29 1.16 1.15 0.99

Asahi Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 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 1.06 1.06 0.99 0.99 0.00

TSE:3333 vs CASY, WSM, DKS: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Asahi 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.


Asahi Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


TSE:3333
72GF Score
Asahi Co Ltd TSE:3333
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asahi 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1319.00/1331.65
=0.99

* 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.

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

For example, Asahi Co'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)
=1542.088/112.2000*112.2000
=1,542.088

Current CPI (Feb. 2026) = 112.2000.

Asahi Co Quarterly Data

Book Value per Share CPI Adj_Book
201605 837.340 98.200 956.716
201608 845.293 97.900 968.763
201611 871.541 98.600 991.754
201702 863.457 98.100 987.562
201705 918.288 98.600 1,044.948
201708 947.722 98.500 1,079.537
201711 948.586 99.100 1,073.979
201802 921.757 99.500 1,039.408
201805 997.846 99.300 1,127.476
201808 1,012.883 99.800 1,138.732
201811 1,023.067 100.000 1,147.881
201902 999.110 99.700 1,124.375
201905 1,062.785 100.000 1,192.445
201908 1,070.627 100.000 1,201.243
201911 1,094.928 100.500 1,222.397
202002 1,082.105 100.300 1,210.490
202005 1,140.474 100.100 1,278.333
202008 1,221.887 100.100 1,369.588
202011 1,248.897 99.500 1,408.304
202102 1,246.088 99.800 1,400.913
202105 1,330.298 99.400 1,501.604
202108 1,349.407 99.700 1,518.590
202111 1,372.792 100.100 1,538.734
202202 1,353.536 100.700 1,508.111
202205 1,310.685 101.800 1,444.586
202208 1,325.653 102.700 1,448.279
202211 1,353.197 103.900 1,461.296
202302 1,339.813 104.000 1,445.452
202305 1,414.191 105.100 1,509.726
202308 1,432.900 105.900 1,518.143
202311 1,427.600 106.900 1,498.379
202402 1,415.487 106.900 1,485.665
202405 1,493.752 108.100 1,550.407
202408 1,517.264 109.100 1,560.376
202411 1,513.970 110.000 1,544.249
202502 1,502.162 110.800 1,521.142
202505 1,562.697 111.800 1,568.288
202508 1,579.058 112.100 1,580.467
202511 1,569.547 113.200 1,555.682
202602 1,542.088 112.200 1,542.088

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 0.99 mean?
Asahi Co (TSE:3333) has a Cyclically Adjusted PB Ratio of 0.99 as of Jul. 25, 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 Asahi Co and its competitors. This is 30% below median its historical median of 1.41. Over the past decade, Asahi Co's Cyclically Adjusted PB Ratio has ranged from 0.94 to 2.45. According to the industry distribution chart, Asahi Co ranks #349 out of 809 companies in the Retail - Cyclical industry, placing it in the top 43.1%.
Is Asahi Co's Cyclically Adjusted PB Ratio too high?
Asahi Co's current Cyclically Adjusted PB Ratio of 0.99 is 30% below median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 2.45. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Asahi Co's value of 0.99 is 20.2% below this industry median. Based on the distribution chart, Asahi Co ranks #349 out of 809 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Asahi Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asahi Co's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Asahi Co ranks #349 out of 809 companies for Cyclically Adjusted PB Ratio. This puts Asahi Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Asahi Co's value of 0.99 is 20.2% below this benchmark. Historically, Asahi Co's own Cyclically Adjusted PB Ratio has ranged from 0.94 to 2.45 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.24, Asahi 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 809 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. Asahi Co's current Cyclically Adjusted PB Ratio of 0.99 is 20.2% 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 Asahi Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Co's current Cyclically Adjusted PB Ratio is 0.99, which is 30% below median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Co stock overvalued right now?
Based on GuruFocus' analysis, Asahi Co (TSE:3333) is currently considered Fairly Valued. The stock's GF Value™ is 円1,404.37, compared to a current price of 円1,319.00 — trading 6.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.99, which is 30% below median its 10-year median of 1.41 and 20.2% below the Retail - Cyclical industry median of 1.24. Asahi Co's overall GF Score™ is 72/100 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 Asahi Co (TSE:3333), the current Cyclically Adjusted PB Ratio is 0.99 as of Jul. 25, 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 Asahi Co (TSE:3333) Overvalued in 2026?

Based on GuruFocus' analysis, Asahi Co stock appears to be undervalued. The current stock price of 円1,319.00 is trading 6.1% below its estimated GF Value™ of 円1,404.37. GuruFocus considers Asahi Co to be Fairly Valued.

Key valuation signals for TSE:3333:

  • Cyclically Adjusted PB Ratio: 0.99 (30% below median its 10-year median of 1.41)
  • GF Value™: 円1,404.37 vs. price of 円1,319.00 (6.1% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 20.2% below the Retail - Cyclical median (#349 of 809)

No single metric tells the full story. See the TSE:3333 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asahi Co Business Description

Address 3-11-4 Takakura-cho, Miyakojima-ku, Osaka, JPN
Asahi Co Ltd is a Japan based company engages in the sale of bicycles, parts and accessories. It offers a range of bicycle products include ordinary bicycles, sports bicycles, children bicycles, electric bicycles and foldable bicycles.
72GF Score

Get the complete analysis for TSE:3333

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

円1,319.00
Price
円1,404.37
GF Value