Pack (TSE:3950) Cyclically Adjusted PB Ratio: (As of Aug. 11, 2026)

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.
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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:3950 Pack Corp TSE:3950
73 GF Score
Price 円1,425.00
GF Value 円1,265.96
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Pack Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pack  (TSE:3950) 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.


Pack Cyclically Adjusted PB Ratio Related Terms


Pack Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pack'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.

Pack Cyclically Adjusted PB Ratio Chart

Pack Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 0.86 1.12 1.11 1.12

Pack Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.99 1.06 1.12 0.00 0.00

TSE:3950 vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Pack'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.


Pack Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

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

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


TSE:3950
73GF Score
Pack Corp TSE:3950
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pack 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.

Pack's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1395.312/113.6000*113.6000
=1,395.312

Current CPI (Jun. 2026) = 113.6000.

Pack Quarterly Data

Book Value per Share CPI Adj_Book
201606 779.101 98.100 902.201
201609 784.063 98.000 908.873
201612 825.460 98.400 952.970
201703 833.668 98.100 965.389
201706 858.036 98.500 989.572
201709 866.499 98.800 996.298
201712 907.695 99.400 1,037.366
201803 911.059 99.200 1,043.310
201806 929.968 99.200 1,064.963
201809 937.580 99.900 1,066.157
201812 963.135 99.700 1,097.414
201903 969.829 99.700 1,105.041
201906 980.992 99.800 1,116.640
201909 988.968 100.100 1,122.345
201912 1,027.054 100.500 1,160.929
202003 1,016.777 100.300 1,151.604
202006 1,021.942 99.900 1,162.088
202009 1,009.135 99.900 1,147.525
202012 1,048.129 99.300 1,199.068
202103 1,055.325 99.900 1,200.049
202106 1,063.312 99.500 1,213.992
202109 1,067.595 100.100 1,211.576
202112 1,088.269 100.100 1,235.039
202203 1,094.499 101.100 1,229.823
202206 1,110.924 101.800 1,239.695
202209 1,116.768 103.100 1,230.503
202212 1,146.261 104.100 1,250.867
202303 1,155.994 104.400 1,257.863
202306 1,187.206 105.200 1,282.002
202309 1,200.708 106.200 1,284.373
202312 1,246.234 106.800 1,325.582
202403 1,260.649 107.200 1,335.912
202406 1,282.417 108.200 1,346.419
202412 1,321.892 110.700 1,356.522
202503 1,311.215 111.100 1,340.720
202506 1,331.850 111.700 1,354.505
202509 1,339.091 112.000 1,358.221
202512 1,385.183 113.000 1,392.538
202603 1,381.238 112.700 1,392.268
202606 1,395.312 113.600 1,395.312

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 Pack (TSE:3950) Overvalued in 2026?

Based on GuruFocus' analysis, Pack stock appears to be overvalued. The current stock price of 円1,425.00 is trading 12.6% above its estimated GF Value™ of 円1,265.96. GuruFocus considers Pack to be Modestly Overvalued.

Key valuation signals for TSE:3950:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円1,265.96 vs. price of 円1,425.00 (12.6% above fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the TSE:3950 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pack Business Description

Address 2-9-3 Higashikobashi, Higashinari-ku, Osaka, JPN, 530-6020
Pack Corp is a paper and chemical products company. It manufactures and sells paper products, chemical products, and other goods, as well as related research, logistics, and services. The product portfolio of the company include paper bags, printed paper containers, corrugated cardboard, plastic bags, tailor bags, price tags, design work, advertising materials, etc.
73GF Score

Get the complete analysis for TSE:3950

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

円1,425.00
Price
円1,265.96
GF Value