World Co (TSE:3612) Cyclically Adjusted PB Ratio: 1.45 (As of Aug. 13, 2026) — Near Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:3612 World Co Ltd TSE:3612
66 GF Score
Price 円1,614.00
GF Value 円1,290.37
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is World Co Cyclically Adjusted PB Ratio?

World Co TSE:3612 -0.62% 66 Cyclically Adjusted PB Ratio is 1.45 as of Aug. 13, 2026, which is 2% above its 10-year median of 1.42. GuruFocus rates TSE:3612 with a GF Score™ of 66/100 and a GF Value™ of 円1,290.37 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 798 Retail - Cyclical companies, World Co ranks worse than 55.51% on this metric.

As of today (2026-08-13), World Co's current share price is 円1614.00. World Co's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was 円1,114.42. World Co's Cyclically Adjusted PB Ratio for today is 1.45.

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

TSE:3612' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.35   Med: 1.42   Max: 1.51
Current: 1.46

During the past years, World Co's highest Cyclically Adjusted PB Ratio was 1.51. The lowest was 1.35. And the median was 1.42.

TSE:3612's Cyclically Adjusted PB Ratio is ranked worse than
55.51% of 798 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs TSE:3612: 1.46

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.

World Co's adjusted book value per share data for the three months ended in May. 2026 was 円1,303.290. 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1,114.42 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


World Co  (TSE:3612) 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.


World Co Cyclically Adjusted PB Ratio Related Terms


World Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for World 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.

World Co Cyclically Adjusted PB Ratio Chart

World Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.54

World Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 0.00 0.00 0.00 1.54 1.34

TSE:3612 vs DDS: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, World 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.


World Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


TSE:3612
66GF Score
World Co Ltd TSE:3612
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

World 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1614.00/1114.42
=1.45

* 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.

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

For example, World Co's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=1303.29/113.5000*113.5000
=1,303.290

Current CPI (May. 2026) = 113.5000.

World Co Quarterly Data

Book Value per Share CPI Adj_Book
201509 61.338 98.500 70.679
201603 70.367 97.900 81.580
201609 87.643 98.000 101.505
201703 112.745 98.100 130.444
201706 0.000 98.500 0.000
201709 642.774 98.800 738.409
201712 0.000 99.400 0.000
201803 372.859 99.200 426.608
201806 427.445 99.200 489.063
201809 978.909 99.900 1,112.174
201812 1,111.512 99.700 1,265.362
201903 1,156.868 99.700 1,316.996
201906 1,213.183 99.800 1,379.722
201909 1,205.146 100.100 1,366.474
201912 1,281.515 100.500 1,447.283
202003 1,223.031 100.300 1,383.988
202006 1,174.944 99.900 1,334.896
202009 1,045.611 99.900 1,187.956
202012 1,094.989 99.300 1,251.574
202103 1,164.277 99.900 1,322.777
202106 1,183.841 99.500 1,350.412
202109 1,142.234 100.100 1,295.140
202112 1,211.451 100.100 1,373.623
202203 1,161.573 101.100 1,304.041
202206 1,191.103 101.800 1,327.998
202209 1,180.106 103.100 1,299.147
202212 1,233.314 104.100 1,344.680
202303 1,213.094 104.400 1,318.833
202306 1,243.929 105.200 1,342.072
202309 1,167.952 106.200 1,248.235
202312 1,223.628 106.800 1,300.391
202405 1,254.055 108.100 1,316.700
202408 1,181.403 109.100 1,229.049
202411 1,227.602 110.000 1,266.662
202502 1,191.471 110.800 1,220.505
202505 1,232.386 111.800 1,251.125
202508 1,244.846 112.100 1,260.393
202511 1,269.460 113.200 1,272.824
202602 1,300.440 112.200 1,315.507
202605 1,303.290 113.500 1,303.290

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 1.45 mean?
World Co (TSE:3612) has a Cyclically Adjusted PB Ratio of 1.45 as of Aug. 13, 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 World Co and its competitors. This is near median its historical median of 1.42. Over the past decade, World Co's Cyclically Adjusted PB Ratio has ranged from 1.35 to 1.51. According to the industry distribution chart, World Co ranks #443 out of 798 companies in the Retail - Cyclical industry, placing it in the top 55.5%.
Is World Co's Cyclically Adjusted PB Ratio too high?
World Co's current Cyclically Adjusted PB Ratio of 1.45 is near median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 1.51. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. World Co's value of 1.45 is 16.9% above this industry median. Based on the distribution chart, World Co ranks #443 out of 798 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, World Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does World Co's Cyclically Adjusted PB Ratio compare to DDS?
According to the Retail - Cyclical industry distribution chart, World Co ranks #443 out of 798 companies for Cyclically Adjusted PB Ratio. This places World Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. World Co's value of 1.45 is 16.9% above this benchmark. Historically, World Co's own Cyclically Adjusted PB Ratio has ranged from 1.35 to 1.51 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 1.24, World Co 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 798 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. World Co's current Cyclically Adjusted PB Ratio of 1.45 is 16.9% 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 World 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. World Co's current Cyclically Adjusted PB Ratio is 1.45, which is near median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is World Co stock overvalued right now?
Based on GuruFocus' analysis, World Co (TSE:3612) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,290.37, compared to a current price of 円1,614.00 — trading 25.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.45, which is near median its 10-year median of 1.42 and 16.9% above the Retail - Cyclical industry median of 1.24. World Co's overall GF Score™ is 66/100 with 8 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 World Co (TSE:3612), the current Cyclically Adjusted PB Ratio is 1.45 as of Aug. 13, 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 World Co (TSE:3612) Overvalued in 2026?

Based on GuruFocus' analysis, World Co stock appears to be overvalued. The current stock price of 円1,614.00 is trading 25.1% above its estimated GF Value™ of 円1,290.37. GuruFocus considers World Co to be Modestly Overvalued.

Key valuation signals for TSE:3612:

  • Cyclically Adjusted PB Ratio: 1.45 (near median its 10-year median of 1.42)
  • GF Value™: 円1,290.37 vs. price of 円1,614.00 (25.1% above fair value)
  • GF Score™: 66/100 with 8 warning signs
  • Industry Position: 16.9% above the Retail - Cyclical median (#443 of 798)

No single metric tells the full story. See the TSE:3612 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


World Co Business Description

Address 6-8-1, Minatojima-Nakamachi, Chuo-ku, Kobe, Hyogo, JPN, 650-8585
World Co Ltd operates mainly 'one-brand, one-shop' outlets for department stores and other highly fashion-conscious channels.
66GF Score

Get the complete analysis for TSE:3612

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

円1,614.00
Price
円1,290.37
GF Value