AXAS Holdings Co (TSE:3536) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

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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:3536 AXAS Holdings Co Ltd TSE:3536
51 GF Score
Price 円130.00
GF Value 円141.07
Valuation Fairly Valued
! 7 Warning Signs
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What is AXAS Holdings Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


AXAS Holdings Co  (TSE:3536) 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.


AXAS Holdings Co Cyclically Adjusted PB Ratio Related Terms


AXAS Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AXAS Holdings 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.

AXAS Holdings Co Cyclically Adjusted PB Ratio Chart

AXAS Holdings Co 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 0.58 1.15 2.22 2.50 2.05

AXAS Holdings Co 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 2.05 0.00 0.00 0.00

TSE:3536 vs PG, CL, KVUE: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, AXAS Holdings 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.


AXAS Holdings Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AXAS Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3536
51GF Score
AXAS Holdings Co Ltd TSE:3536
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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AXAS Holdings 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.

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

For example, AXAS Holdings 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)
=71.985/112.2000*112.2000
=71.985

Current CPI (Feb. 2026) = 112.2000.

AXAS Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201511 -24.797 98.100 -28.361
201605 168.732 98.200 192.787
201608 35.101 97.900 40.228
201611 37.205 98.600 42.337
201702 43.775 98.100 50.067
201705 44.270 98.600 50.376
201708 43.396 98.500 49.432
201711 42.642 99.100 48.279
201802 42.562 99.500 47.995
201805 48.573 99.300 54.883
201808 49.972 99.800 56.181
201811 48.989 100.000 54.966
201902 49.622 99.700 55.843
201905 49.894 100.000 55.981
201908 46.620 100.000 52.308
201911 47.318 100.500 52.827
202002 47.905 100.300 53.589
202005 56.221 100.100 63.017
202008 61.858 100.100 69.335
202011 62.166 99.500 70.101
202102 65.004 99.800 73.081
202105 66.129 99.400 74.645
202108 66.660 99.700 75.018
202111 66.166 100.100 74.164
202202 70.728 100.700 78.805
202205 71.979 101.800 79.332
202208 71.835 102.700 78.480
202211 70.657 103.900 76.301
202302 72.032 104.000 77.711
202305 70.000 105.100 74.729
202308 68.569 105.900 72.648
202311 62.806 106.900 65.920
202402 62.884 106.900 66.002
202405 61.876 108.100 64.223
202408 66.830 109.100 68.729
202502 61.398 110.800 62.174
202505 63.885 111.800 64.114
202508 72.486 112.100 72.551
202511 72.010 113.200 71.374
202602 71.985 112.200 71.985

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 AXAS Holdings Co (TSE:3536) Overvalued in 2026?

Based on GuruFocus' analysis, AXAS Holdings Co stock appears to be undervalued. The current stock price of 円130.00 is trading 7.8% below its estimated GF Value™ of 円141.07. GuruFocus considers AXAS Holdings Co to be Fairly Valued.

Key valuation signals for TSE:3536:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円141.07 vs. price of 円130.00 (7.8% below fair value)
  • GF Score™: 51/100 with 7 warning signs

No single metric tells the full story. See the TSE:3536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AXAS Holdings Co Business Description

Address 4-2 YAMASHIRONISHI, Tokushima, JPN, 770-8054
AXAS Holdings Co Ltd is engaged in the distribution of household and personal products. The products offered by the company include cosmetics, household goods, sports gear, alcoholic beverages, and pharmaceuticals sales. The company is also engaged in the import and export business of cosmetics and alcoholic beverages.
51GF Score

Get the complete analysis for TSE:3536

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

円130.00
Price
円141.07
GF Value