Tomoku Co (TSE:3946) Cyclically Adjusted PB Ratio: 1.00 (As of Aug. 20, 2026) — 67% Above Median

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TSE:3946 Tomoku Co Ltd TSE:3946
57 GF Score
Price 円4,740.00
GF Value 円2,606.75
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Tomoku Co Cyclically Adjusted PB Ratio?

Tomoku Co TSE:3946 +2.38% 57 Cyclically Adjusted PB Ratio is 1.00 as of Aug. 20, 2026, which is 67% above its 10-year median of 0.60. GuruFocus rates TSE:3946 with a GF Score™ of 57/100 and a GF Value™ of 円2,606.75 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 302 Packaging & Containers companies, Tomoku Co ranks better than 52.65% on this metric.

As of today (2026-08-20), Tomoku Co's current share price is 円4740.00. Tomoku Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円4,744.28. Tomoku Co's Cyclically Adjusted PB Ratio for today is 1.00.

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

TSE:3946' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.6   Max: 0.99
Current: 0.99

During the past years, Tomoku Co's highest Cyclically Adjusted PB Ratio was 0.99. The lowest was 0.40. And the median was 0.60.

TSE:3946's Cyclically Adjusted PB Ratio is ranked better than
52.65% of 302 companies
in the Packaging & Containers industry
Industry Median: 1.14 vs TSE:3946: 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.

Tomoku Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円6,191.986. 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4,744.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tomoku Co  (TSE:3946) 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.


Tomoku Co Cyclically Adjusted PB Ratio Related Terms


Tomoku Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tomoku 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.

Tomoku Co Cyclically Adjusted PB Ratio Chart

Tomoku Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.44 0.66 0.55 0.71

Tomoku Co 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 0.64 0.74 0.75 0.71 0.00

TSE:3946 vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Tomoku 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.


Tomoku Co Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Tomoku Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3946
57GF Score
Tomoku Co Ltd TSE:3946
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tomoku 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4740.00/4744.28
=1.00

* 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.

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

For example, Tomoku Co'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)
=6191.986/112.7000*112.7000
=6,191.986

Current CPI (Mar. 2026) = 112.7000.

Tomoku Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 2,747.605 98.100 3,156.525
201609 2,677.923 98.000 3,079.611
201612 2,814.932 98.400 3,224.013
201703 3,317.289 98.100 3,810.994
201706 3,297.535 98.500 3,772.916
201709 3,351.844 98.800 3,823.409
201712 3,470.246 99.400 3,934.575
201803 3,546.122 99.200 4,028.709
201806 3,555.481 99.200 4,039.342
201809 3,622.217 99.900 4,086.325
201812 3,610.900 99.700 4,081.729
201903 3,772.068 99.700 4,263.912
201906 3,679.207 99.800 4,154.776
201909 3,772.802 100.100 4,247.700
201912 3,870.924 100.500 4,340.827
202003 3,943.656 100.300 4,431.207
202006 3,930.625 99.900 4,434.249
202009 4,005.322 99.900 4,518.516
202012 4,091.276 99.300 4,643.372
202103 4,325.485 99.900 4,879.701
202106 4,300.532 99.500 4,871.055
202109 4,418.140 100.100 4,974.270
202112 4,495.749 100.100 5,061.647
202203 4,607.734 101.100 5,136.416
202206 4,638.490 101.800 5,135.146
202209 4,779.720 103.100 5,224.776
202212 4,794.702 104.100 5,190.806
202303 4,881.010 104.400 5,269.060
202306 4,949.726 105.200 5,302.606
202309 5,079.976 106.200 5,390.897
202312 5,108.401 106.800 5,390.607
202403 5,390.961 107.200 5,667.549
202406 5,417.022 108.200 5,642.314
202409 5,407.178 108.900 5,595.858
202412 5,554.867 110.700 5,655.226
202503 5,631.384 111.100 5,712.484
202506 5,614.198 111.700 5,664.459
202509 5,784.931 112.000 5,821.087
202512 5,936.291 113.000 5,920.531
202603 6,191.986 112.700 6,191.986

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 1.00 mean?
Tomoku Co (TSE:3946) has a Cyclically Adjusted PB Ratio of 1.00 as of Aug. 20, 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 Tomoku Co and its competitors. This is 67% above median its historical median of 0.60. Over the past decade, Tomoku Co's Cyclically Adjusted PB Ratio has ranged from 0.40 to 0.99. According to the industry distribution chart, Tomoku Co ranks #143 out of 302 companies in the Packaging & Containers industry, placing it in the top 47.4%.
Is Tomoku Co's Cyclically Adjusted PB Ratio too high?
Tomoku Co's current Cyclically Adjusted PB Ratio of 1.00 is 67% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.99. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.14. Tomoku Co's value of 1.00 is 12.3% below this industry median. Based on the distribution chart, Tomoku Co ranks #143 out of 302 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Tomoku Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tomoku Co's Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Tomoku Co ranks #143 out of 302 companies for Cyclically Adjusted PB Ratio. This puts Tomoku Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Tomoku Co's value of 1.00 is 12.3% below this benchmark. Historically, Tomoku Co's own Cyclically Adjusted PB Ratio has ranged from 0.40 to 0.99 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 1.14, Tomoku 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.14, based on 302 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. Tomoku Co's current Cyclically Adjusted PB Ratio of 1.00 is 12.3% 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 Tomoku Co and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomoku Co's current Cyclically Adjusted PB Ratio is 1.00, which is 67% above median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomoku Co stock overvalued right now?
Based on GuruFocus' analysis, Tomoku Co (TSE:3946) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,606.75, compared to a current price of 円4,740.00 — trading 81.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.00, which is 67% above median its 10-year median of 0.60 and 12.3% below the Packaging & Containers industry median of 1.14. Tomoku Co's overall GF Score™ is 57/100 with 7 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 Tomoku Co (TSE:3946), the current Cyclically Adjusted PB Ratio is 1.00 as of Aug. 20, 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 Tomoku Co (TSE:3946) Overvalued in 2026?

Based on GuruFocus' analysis, Tomoku Co stock appears to be overvalued. The current stock price of 円4,740.00 is trading 81.8% above its estimated GF Value™ of 円2,606.75. GuruFocus considers Tomoku Co to be Significantly Overvalued.

Key valuation signals for TSE:3946:

  • Cyclically Adjusted PB Ratio: 1.00 (67% above median its 10-year median of 0.60)
  • GF Value™: 円2,606.75 vs. price of 円4,740.00 (81.8% above fair value)
  • GF Score™: 57/100 with 7 warning signs
  • Industry Position: 12.3% below the Packaging & Containers median (#143 of 302)

No single metric tells the full story. See the TSE:3946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tomoku Co Business Description

Other Exchanges 73O:Germany
Address 2-2-2 Marunouchi, 4th Floor Marunouchi Mitsui Building, Chiyoda-ku, Tokyo, JPN, 100-0005
Tomoku Co Ltd engages in the manufacture and sale of corrugated paper, corrugated paper containers, and printed paper packaging materials. It also deals with the manufacture and sale of Swedish-made housing. The firm provides corrugated sheets, cardboard cases, and printing paper containers. Its Housing business handles the design, construction, and supervision of detached houses. The Transportation and Warehousing business include freight forwarding and warehousing businesses.
57GF Score

Get the complete analysis for TSE:3946

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

円4,740.00
Price
円2,606.75
GF Value