Kusuri No Aoki Holdings (TSE:3549) Cyclically Adjusted PB Ratio: 4.36 (As of Aug. 05, 2026) — 22% Below Median

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TSE:3549 Kusuri No Aoki Holdings TSE:3549
91 GF Score
Price 円3,905.00
GF Value 円4,287.38
Valuation Fairly Valued
! 2 Warning Signs
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What is Kusuri No Aoki Holdings Cyclically Adjusted PB Ratio?

Kusuri No Aoki Holdings TSE:3549 -2.11% 91 Cyclically Adjusted PB Ratio is 4.36 as of Aug. 05, 2026, which is 22% below its 10-year median of 5.59. GuruFocus rates TSE:3549 with a GF Score™ of 91/100 and a GF Value™ of 円4,287.38 (Fairly Valued). The stock has 2 warning signs investors should review. Among 354 Healthcare Providers & Services companies, Kusuri No Aoki Holdings ranks worse than 79.66% on this metric.

As of today (2026-08-05), Kusuri No Aoki Holdings's current share price is 円3905.00. Kusuri No Aoki Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円894.92. Kusuri No Aoki Holdings's Cyclically Adjusted PB Ratio for today is 4.36.

The historical rank and industry rank for Kusuri No Aoki Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:3549' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.82   Med: 5.59   Max: 15.35
Current: 4.16

During the past years, Kusuri No Aoki Holdings's highest Cyclically Adjusted PB Ratio was 15.35. The lowest was 3.82. And the median was 5.59.

TSE:3549's Cyclically Adjusted PB Ratio is ranked worse than
79.66% of 354 companies
in the Healthcare Providers & Services industry
Industry Median: 1.845 vs TSE:3549: 4.16

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.

Kusuri No Aoki Holdings's adjusted book value per share data for the three months ended in Feb. 2026 was 円1,460.990. 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894.92 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kusuri No Aoki Holdings  (TSE:3549) 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.


Kusuri No Aoki Holdings Cyclically Adjusted PB Ratio Related Terms


Kusuri No Aoki Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kusuri No Aoki 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.

Kusuri No Aoki Holdings Cyclically Adjusted PB Ratio Chart

Kusuri No Aoki Holdings Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.08 4.20 4.78 4.38 0.00

Kusuri No Aoki Holdings 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 4.38 4.67 4.47 4.54 0.00

Kusuri No Aoki Holdings Cyclically Adjusted PB Ratio Competitor Comparison

For the Pharmaceutical Retailers subindustry, Kusuri No Aoki 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.


Kusuri No Aoki Holdings Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kusuri No Aoki Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kusuri No Aoki Holdings's Cyclically Adjusted PB Ratio falls into.


TSE:3549
91GF Score
Kusuri No Aoki Holdings TSE:3549
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kusuri No Aoki 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.

Kusuri No Aoki Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3905.00/894.92
=4.36

* 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.

Kusuri No Aoki Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, Kusuri No Aoki 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)
=1460.99/112.2000*112.2000
=1,460.990

Current CPI (Feb. 2026) = 112.2000.

Kusuri No Aoki Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201602 282.737 97.800 324.367
201605 299.027 98.200 341.658
201608 318.207 97.900 364.687
201702 360.945 98.100 412.824
201705 379.691 98.600 432.062
201708 402.505 98.500 458.488
201711 423.606 99.100 479.602
201802 445.792 99.500 502.692
201805 468.902 99.300 529.817
201808 492.430 99.800 553.614
201811 520.641 100.000 584.159
201902 548.841 99.700 617.653
201905 575.667 100.000 645.898
201908 599.640 100.000 672.796
201911 625.029 100.500 697.794
202002 656.987 100.300 734.935
202005 700.087 100.100 784.713
202008 735.787 100.100 824.728
202011 766.747 99.500 864.613
202102 800.110 99.800 899.522
202105 821.051 99.400 926.780
202108 844.773 99.700 950.687
202111 869.647 100.100 974.769
202202 897.756 100.700 1,000.280
202205 918.961 101.800 1,012.843
202208 958.920 102.700 1,047.622
202211 998.626 103.900 1,078.401
202302 1,037.581 104.000 1,119.390
202305 1,041.725 105.100 1,112.098
202308 1,088.534 105.900 1,153.291
202311 1,140.355 106.900 1,196.893
202402 1,191.086 106.900 1,250.139
202405 1,241.258 108.100 1,288.336
202408 1,293.606 109.100 1,330.363
202411 1,416.653 110.000 1,444.986
202502 1,430.130 110.800 1,448.200
202505 1,441.668 111.800 1,446.826
202508 1,440.140 112.100 1,441.425
202511 1,398.260 113.200 1,385.908
202602 1,460.990 112.200 1,460.990

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 4.36 mean?
Kusuri No Aoki Holdings (TSE:3549) has a Cyclically Adjusted PB Ratio of 4.36 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 Kusuri No Aoki Holdings and its competitors. This is 22% below median its historical median of 5.59. Over the past decade, Kusuri No Aoki Holdings' Cyclically Adjusted PB Ratio has ranged from 3.82 to 15.35. According to the industry distribution chart, Kusuri No Aoki Holdings ranks #282 out of 354 companies in the Healthcare Providers & Services industry, placing it in the top 79.7%.
Is Kusuri No Aoki Holdings' Cyclically Adjusted PB Ratio too high?
Kusuri No Aoki Holdings' current Cyclically Adjusted PB Ratio of 4.36 is 22% below median its 10-year median of 5.59. Over the past 10 years, this metric has ranged from a low of 3.82 to a high of 15.35. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.85. Kusuri No Aoki Holdings' value of 4.36 is 136.3% above this industry median. Based on the distribution chart, Kusuri No Aoki Holdings ranks #282 out of 354 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Kusuri No Aoki Holdings has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kusuri No Aoki Holdings' Cyclically Adjusted PB Ratio compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Kusuri No Aoki Holdings ranks #282 out of 354 companies for Cyclically Adjusted PB Ratio. This places Kusuri No Aoki Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Kusuri No Aoki Holdings' value of 4.36 is 136.3% above this benchmark. Historically, Kusuri No Aoki Holdings' own Cyclically Adjusted PB Ratio has ranged from 3.82 to 15.35 over the past decade. While the company's 10-year median is 5.59 vs. the industry median of 1.85, Kusuri No Aoki Holdings 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.85, based on 354 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. Kusuri No Aoki Holdings's current Cyclically Adjusted PB Ratio of 4.36 is 136.3% 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 Kusuri No Aoki Holdings and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kusuri No Aoki Holdings's current Cyclically Adjusted PB Ratio is 4.36, which is 22% below median its own 10-year median of 5.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kusuri No Aoki Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kusuri No Aoki Holdings (TSE:3549) is currently considered Fairly Valued. The stock's GF Value™ is 円4,287.38, compared to a current price of 円3,905.00 — trading 8.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.36, which is 22% below median its 10-year median of 5.59 and 136.3% above the Healthcare Providers & Services industry median of 1.85. Kusuri No Aoki Holdings' overall GF Score™ is 91/100 with 2 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 Kusuri No Aoki Holdings (TSE:3549), the current Cyclically Adjusted PB Ratio is 4.36 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 Kusuri No Aoki Holdings (TSE:3549) Overvalued in 2026?

Based on GuruFocus' analysis, Kusuri No Aoki Holdings stock appears to be undervalued. The current stock price of 円3,905.00 is trading 8.9% below its estimated GF Value™ of 円4,287.38. GuruFocus considers Kusuri No Aoki Holdings to be Fairly Valued.

Key valuation signals for TSE:3549:

  • Cyclically Adjusted PB Ratio: 4.36 (22% below median its 10-year median of 5.59)
  • GF Value™: 円4,287.38 vs. price of 円3,905.00 (8.9% below fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 136.3% above the Healthcare Providers & Services median (#282 of 354)

No single metric tells the full story. See the TSE:3549 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kusuri No Aoki Holdings Business Description

Address 1st Yokoe-cho 4 Block, Ishikawa Prefecture, Hakusan, JPN, 924-8510
Kusuri No Aoki Holdings is a pharmaceutical retail chain that sells health, beauty, and cleaning supplies. The company operates stores that focus primarily on residential areas in Japan. Kusuri's business includes pharmaceutical drugs, and the company also operates a bone-marrow bank. The company breaks out its sales into four different product lines, including health, beauty, life, and dispensing. The vast majority of the company's revenue is derived from its life product category, followed by beauty products. Most of Kusuri's revenue is derived from the Hokuriku region.
91GF Score

Get the complete analysis for TSE:3549

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

円3,905.00
Price
円4,287.38
GF Value