Willplus Holdings (TSE:3538) Cyclically Adjusted PB Ratio: 1.17 (As of Sep. 14, 2026) — Near Median

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TSE:3538 Willplus Holdings Corp TSE:3538
73 GF Score
Price 円993.00
GF Value 円1,594.07
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Willplus Holdings Cyclically Adjusted PB Ratio?

Willplus Holdings TSE:3538 -0.80% 73 Cyclically Adjusted PB Ratio is 1.17 as of Sep. 14, 2026, which is 6% below its 10-year median of 1.24. GuruFocus rates TSE:3538 with a GF Score™ of 73/100 and a GF Value™ of 円1,594.07 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 926 Vehicles & Parts companies, Willplus Holdings ranks better than 51.19% on this metric.

As of today (2026-09-14), Willplus Holdings's current share price is 円993.00. Willplus Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円850.47. Willplus Holdings's Cyclically Adjusted PB Ratio for today is 1.17.

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

TSE:3538' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.06   Med: 1.24   Max: 1.3
Current: 1.17

During the past years, Willplus Holdings's highest Cyclically Adjusted PB Ratio was 1.30. The lowest was 1.06. And the median was 1.24.

TSE:3538's Cyclically Adjusted PB Ratio is ranked better than
51.19% of 926 companies
in the Vehicles & Parts industry
Industry Median: 1.21 vs TSE:3538: 1.17

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.

Willplus Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,257.575. 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850.47 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Willplus Holdings  (TSE:3538) 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.


Willplus Holdings Cyclically Adjusted PB Ratio Related Terms


Willplus Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Willplus 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.

Willplus Holdings Cyclically Adjusted PB Ratio Chart

Willplus Holdings Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Willplus Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 0.00 1.26 1.25 1.20 0.00

TSE:3538 vs CVNA, PAG, ALTB: Cyclically Adjusted PB Ratio Comparison

For the Auto & Truck Dealerships subindustry, Willplus 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.


Willplus Holdings Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Willplus Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3538
73GF Score
Willplus Holdings Corp TSE:3538
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Willplus 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.

Willplus Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=993.00/850.47
=1.17

* 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.

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

For example, Willplus Holdings'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)
=1257.575/112.7000*112.7000
=1,257.575

Current CPI (Mar. 2026) = 112.7000.

Willplus Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 381.923 98.100 438.764
201609 390.653 98.000 449.251
201612 413.265 98.400 473.323
201703 429.197 98.100 493.073
201706 449.383 98.500 514.167
201709 459.265 98.800 523.878
201712 483.459 99.400 548.147
201803 490.080 99.200 556.774
201806 516.255 99.200 586.511
201809 526.673 99.900 594.155
201812 543.970 99.700 614.899
201903 554.838 99.700 627.184
201906 580.457 99.800 655.486
201909 604.512 100.100 680.604
201912 623.297 100.500 698.961
202003 629.017 100.300 706.782
202006 645.210 99.900 727.880
202009 668.470 99.900 754.120
202012 720.524 99.300 817.755
202103 752.110 99.900 848.476
202106 791.483 99.500 896.484
202109 809.951 100.100 911.903
202112 861.846 100.100 970.330
202203 895.521 101.100 998.271
202206 923.025 101.800 1,021.856
202209 925.875 103.100 1,012.086
202212 960.543 104.100 1,039.896
202303 977.968 104.400 1,055.718
202306 1,005.500 105.200 1,077.185
202309 970.932 106.200 1,030.358
202312 1,022.619 106.800 1,079.112
202403 1,030.324 107.200 1,083.186
202406 1,080.511 108.200 1,125.449
202409 1,110.830 108.900 1,149.592
202412 1,128.246 110.700 1,148.630
202503 1,159.499 111.100 1,176.197
202506 1,192.321 111.700 1,202.995
202509 1,203.731 112.000 1,211.254
202512 1,263.888 113.000 1,260.533
202603 1,257.575 112.700 1,257.575

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 1.17 mean?
Willplus Holdings (TSE:3538) has a Cyclically Adjusted PB Ratio of 1.17 as of Sep. 14, 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 Willplus Holdings and its competitors. This is near median its historical median of 1.24. Over the past decade, Willplus Holdings' Cyclically Adjusted PB Ratio has ranged from 1.06 to 1.30. According to the industry distribution chart, Willplus Holdings ranks #452 out of 926 companies in the Vehicles & Parts industry, placing it in the top 48.8%.
Is Willplus Holdings' Cyclically Adjusted PB Ratio too high?
Willplus Holdings' current Cyclically Adjusted PB Ratio of 1.17 is near median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 1.30. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.21. Willplus Holdings' value of 1.17 is 3.3% below this industry median. Based on the distribution chart, Willplus Holdings ranks #452 out of 926 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Willplus Holdings has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Willplus Holdings' Cyclically Adjusted PB Ratio compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Willplus Holdings ranks #452 out of 926 companies for Cyclically Adjusted PB Ratio. This puts Willplus Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Willplus Holdings' value of 1.17 is 3.3% below this benchmark. Historically, Willplus Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.06 to 1.30 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 1.21, Willplus Holdings 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.21, based on 926 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. Willplus Holdings's current Cyclically Adjusted PB Ratio of 1.17 is 3.3% 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 Willplus Holdings and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Willplus Holdings's current Cyclically Adjusted PB Ratio is 1.17, which is near median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Willplus Holdings stock overvalued right now?
Based on GuruFocus' analysis, Willplus Holdings (TSE:3538) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,594.07, compared to a current price of 円993.00 — trading 37.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.17, which is near median its 10-year median of 1.24 and 3.3% below the Vehicles & Parts industry median of 1.21. Willplus Holdings' overall GF Score™ is 73/100 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 Willplus Holdings (TSE:3538), the current Cyclically Adjusted PB Ratio is 1.17 as of Sep. 14, 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 Willplus Holdings (TSE:3538) Overvalued in 2026?

Based on GuruFocus' analysis, Willplus Holdings stock appears to be undervalued. The current stock price of 円993.00 is trading 37.7% below its estimated GF Value™ of 円1,594.07. GuruFocus considers Willplus Holdings to be Significantly Undervalued.

Key valuation signals for TSE:3538:

  • Cyclically Adjusted PB Ratio: 1.17 (near median its 10-year median of 1.24)
  • GF Value™: 円1,594.07 vs. price of 円993.00 (37.7% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 3.3% below the Vehicles & Parts median (#452 of 926)

No single metric tells the full story. See the TSE:3538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Willplus Holdings Business Description

Address Shiba 5-chome Shiba 5-chome, Minato-ku, Shiba Mita Mori Building, 8th Floor, Tokyo, JPN
Willplus Holdings Corp is a Japanese firm. It is a retailer of the imported car. The Company sells cars of brands including Jaguar, Fiat, Chrysler, Jeep, BMW, Porsche, and Volvo.
73GF Score

Get the complete analysis for TSE:3538

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

円993.00
Price
円1,594.07
GF Value