Blue Zones Holdings Co (TSE:417A) Cyclically Adjusted PB Ratio: 2.60 (As of Aug. 13, 2026) — 19% Below Median

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TSE:417A Blue Zones Holdings Co Ltd TSE:417A
90 GF Score
Price 円1,798.50
GF Value 円2,225.26
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Blue Zones Holdings Co Cyclically Adjusted PB Ratio?

Blue Zones Holdings Co TSE:417A +1.27% 90 Cyclically Adjusted PB Ratio is 2.60 as of Aug. 13, 2026, which is 19% below its 10-year median of 3.21. GuruFocus rates TSE:417A with a GF Score™ of 90/100 and a GF Value™ of 円2,225.26 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 231 Retail - Defensive companies, Blue Zones Holdings Co ranks worse than 63.64% on this metric.

As of today (2026-08-13), Blue Zones Holdings Co's current share price is 円1798.50. Blue Zones Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円692.99. Blue Zones Holdings Co's Cyclically Adjusted PB Ratio for today is 2.60.

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

TSE:417A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.38   Med: 3.21   Max: 4.91
Current: 2.56

During the past years, Blue Zones Holdings Co's highest Cyclically Adjusted PB Ratio was 4.91. The lowest was 2.38. And the median was 3.21.

TSE:417A's Cyclically Adjusted PB Ratio is ranked worse than
63.64% of 231 companies
in the Retail - Defensive industry
Industry Median: 1.64 vs TSE:417A: 2.56

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.

Blue Zones Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,011.671. 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692.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Blue Zones Holdings Co  (TSE:417A) 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.


Blue Zones Holdings Co Cyclically Adjusted PB Ratio Related Terms


Blue Zones Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Blue Zones Holdings 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.

Blue Zones Holdings Co Cyclically Adjusted PB Ratio Chart

Blue Zones Holdings 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 3.09 2.83 3.31 2.94 2.74

Blue Zones Holdings 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 2.96 2.93 2.50 2.74 0.00

TSE:417A vs KR: Cyclically Adjusted PB Ratio Comparison

For the Grocery Stores subindustry, Blue Zones Holdings 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.


Blue Zones Holdings Co Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Blue Zones Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:417A
90GF Score
Blue Zones Holdings Co Ltd TSE:417A
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blue Zones Holdings 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.

Blue Zones Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1798.50/692.99
=2.60

* 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.

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

For example, Blue Zones Holdings 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)
=1011.671/112.7000*112.7000
=1,011.671

Current CPI (Mar. 2026) = 112.7000.

Blue Zones Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 359.778 98.100 413.323
201609 375.231 98.000 431.516
201612 389.128 98.400 445.678
201703 391.915 98.100 450.243
201706 397.993 98.500 455.369
201709 415.944 98.800 474.462
201712 431.907 99.400 489.697
201803 435.952 99.200 495.280
201806 447.371 99.200 508.253
201809 466.038 99.900 525.751
201812 490.298 99.700 554.229
201903 484.445 99.700 547.612
201906 495.900 99.800 559.999
201909 515.127 100.100 579.968
201912 533.881 100.500 598.690
202003 535.842 100.300 602.088
202006 558.072 99.900 629.577
202009 584.442 99.900 659.325
202012 604.385 99.300 685.943
202103 600.624 99.900 677.581
202106 617.820 99.500 699.782
202109 650.909 100.100 732.842
202112 672.368 100.100 757.002
202203 663.398 101.100 739.515
202206 681.277 101.800 754.223
202209 710.305 103.100 776.444
202212 733.632 104.100 794.239
202303 728.980 104.400 786.935
202306 754.081 105.200 807.842
202309 790.697 106.200 839.092
202312 825.141 106.800 870.725
202403 824.305 107.200 866.597
202406 841.211 108.200 876.197
202409 876.612 108.900 907.201
202412 907.275 110.700 923.667
202503 889.573 111.100 902.384
202506 910.336 111.700 918.486
202509 950.822 112.000 956.765
202512 1,016.042 113.000 1,013.345
202603 1,011.671 112.700 1,011.671

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 2.60 mean?
Blue Zones Holdings Co (TSE:417A) has a Cyclically Adjusted PB Ratio of 2.60 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 Blue Zones Holdings Co and its competitors. This is 19% below median its historical median of 3.21. Over the past decade, Blue Zones Holdings Co's Cyclically Adjusted PB Ratio has ranged from 2.38 to 4.91. According to the industry distribution chart, Blue Zones Holdings Co ranks #147 out of 231 companies in the Retail - Defensive industry, placing it in the top 63.6%.
Is Blue Zones Holdings Co's Cyclically Adjusted PB Ratio too high?
Blue Zones Holdings Co's current Cyclically Adjusted PB Ratio of 2.60 is 19% below median its 10-year median of 3.21. Over the past 10 years, this metric has ranged from a low of 2.38 to a high of 4.91. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.64. Blue Zones Holdings Co's value of 2.60 is 58.5% above this industry median. Based on the distribution chart, Blue Zones Holdings Co ranks #147 out of 231 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Blue Zones Holdings Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Blue Zones Holdings Co's Cyclically Adjusted PB Ratio compare to KR?
According to the Retail - Defensive industry distribution chart, Blue Zones Holdings Co ranks #147 out of 231 companies for Cyclically Adjusted PB Ratio. This places Blue Zones Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.64. Blue Zones Holdings Co's value of 2.60 is 58.5% above this benchmark. Historically, Blue Zones Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 2.38 to 4.91 over the past decade. While the company's 10-year median is 3.21 vs. the industry median of 1.64, Blue Zones Holdings 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 - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.64, based on 231 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. Blue Zones Holdings Co's current Cyclically Adjusted PB Ratio of 2.60 is 58.5% 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 Blue Zones Holdings Co and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blue Zones Holdings Co's current Cyclically Adjusted PB Ratio is 2.60, which is 19% below median its own 10-year median of 3.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Zones Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Blue Zones Holdings Co (TSE:417A) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,225.26, compared to a current price of 円1,798.50 — trading 19.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.60, which is 19% below median its 10-year median of 3.21 and 58.5% above the Retail - Defensive industry median of 1.64. Blue Zones Holdings Co's overall GF Score™ is 90/100 with 1 warning sign 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 Blue Zones Holdings Co (TSE:417A), the current Cyclically Adjusted PB Ratio is 2.60 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 Blue Zones Holdings Co (TSE:417A) Overvalued in 2026?

Based on GuruFocus' analysis, Blue Zones Holdings Co stock appears to be undervalued. The current stock price of 円1,798.50 is trading 19.2% below its estimated GF Value™ of 円2,225.26. GuruFocus considers Blue Zones Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:417A:

  • Cyclically Adjusted PB Ratio: 2.60 (19% below median its 10-year median of 3.21)
  • GF Value™: 円2,225.26 vs. price of 円1,798.50 (19.2% below fair value)
  • GF Score™: 90/100 with 1 warning sign
  • Industry Position: 58.5% above the Retail - Defensive median (#147 of 231)

No single metric tells the full story. See the TSE:417A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Blue Zones Holdings Co Business Description

Address 1-10-1, Arajukumachi, Saitama Prefecture, Kawagoe-shi, JPN, 350-1124
Blue Zones Holdings Co Ltd is a supermarket operator. The company is headquartered in Japan and generates all revenue domestically. The company is engaged in managing and operating the Group companies focused on food supermarket operations, trading, and other related businesses.
90GF Score

Get the complete analysis for TSE:417A

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

円1,798.50
Price
円2,225.26
GF Value