CL Holdings (TSE:4286) Cyclically Adjusted PB Ratio: 1.87 (As of Aug. 21, 2026) — Near Median

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TSE:4286 CL Holdings Inc TSE:4286
76 GF Score
Price 円1,344.00
GF Value 円785.89
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is CL Holdings Cyclically Adjusted PB Ratio?

CL Holdings TSE:4286 +13.32% 76 Cyclically Adjusted PB Ratio is 1.87 as of Aug. 21, 2026, which is 3% below its 10-year median of 1.93. GuruFocus rates TSE:4286 with a GF Score™ of 76/100 and a GF Value™ of 円785.89 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 679 Media - Diversified companies, CL Holdings ranks worse than 67.45% on this metric.

As of today (2026-08-21), CL Holdings's current share price is 円1344.00. CL Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円719.30. CL Holdings's Cyclically Adjusted PB Ratio for today is 1.87.

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

TSE:4286' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.93   Max: 6.12
Current: 1.65

During the past years, CL Holdings's highest Cyclically Adjusted PB Ratio was 6.12. The lowest was 0.98. And the median was 1.93.

TSE:4286's Cyclically Adjusted PB Ratio is ranked worse than
67.45% of 679 companies
in the Media - Diversified industry
Industry Median: 0.99 vs TSE:4286: 1.65

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.

CL Holdings's adjusted book value per share data for the three months ended in Jun. 2026 was 円762.751. 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719.30 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CL Holdings  (TSE:4286) 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.


CL Holdings Cyclically Adjusted PB Ratio Related Terms


CL Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CL 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.

CL Holdings Cyclically Adjusted PB Ratio Chart

CL Holdings 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 2.86 1.41 1.38 1.05 1.53

CL Holdings 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 1.19 1.40 1.53 1.42 1.53

TSE:4286 vs APP, OMC, TTD: Cyclically Adjusted PB Ratio Comparison

For the Advertising Agencies subindustry, CL 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.


CL Holdings Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, CL Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:4286
76GF Score
CL Holdings Inc TSE:4286
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CL 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.

CL Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1344.00/719.30
=1.87

* 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.

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

For example, CL Holdings'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)
=762.751/113.6000*113.6000
=762.751

Current CPI (Jun. 2026) = 113.6000.

CL Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 407.743 98.100 472.167
201609 428.943 98.000 497.224
201612 445.638 98.400 514.476
201703 429.448 98.100 497.302
201706 438.914 98.500 506.199
201709 460.103 98.800 529.025
201712 492.524 99.400 562.885
201803 485.685 99.200 556.188
201806 505.257 99.200 578.601
201809 553.321 99.900 629.202
201812 557.958 99.700 635.748
201903 649.196 99.700 739.706
201906 671.088 99.800 763.884
201909 609.241 100.100 691.406
201912 636.139 100.500 719.059
202003 608.590 100.300 689.290
202006 615.055 99.900 699.402
202009 642.756 99.900 730.902
202012 704.486 99.300 805.938
202103 693.061 99.900 788.105
202106 736.437 99.500 840.796
202109 755.616 100.100 857.522
202112 785.514 100.100 891.452
202203 760.310 101.100 854.315
202206 771.547 101.800 860.980
202209 779.495 103.100 858.881
202212 781.333 104.100 852.636
202303 767.964 104.400 835.639
202306 776.618 105.200 838.629
202309 804.031 106.200 860.056
202312 827.310 106.800 879.985
202403 835.811 107.200 885.710
202406 828.063 108.200 869.390
202412 668.849 110.700 686.371
202503 649.772 111.100 664.393
202506 679.368 111.700 690.924
202509 696.744 112.000 706.697
202512 730.563 113.000 734.442
202603 727.758 112.700 733.570
202606 762.751 113.600 762.751

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 1.87 mean?
CL Holdings (TSE:4286) has a Cyclically Adjusted PB Ratio of 1.87 as of Aug. 21, 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 CL Holdings and its competitors. This is near median its historical median of 1.93. Over the past decade, CL Holdings' Cyclically Adjusted PB Ratio has ranged from 0.98 to 6.12. According to the industry distribution chart, CL Holdings ranks #458 out of 679 companies in the Media - Diversified industry, placing it in the top 67.5%.
Is CL Holdings' Cyclically Adjusted PB Ratio too high?
CL Holdings' current Cyclically Adjusted PB Ratio of 1.87 is near median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 6.12. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.99. CL Holdings' value of 1.87 is 88.9% above this industry median. Based on the distribution chart, CL Holdings ranks #458 out of 679 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, CL Holdings has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CL Holdings' Cyclically Adjusted PB Ratio compare to APP and OMC?
According to the Media - Diversified industry distribution chart, CL Holdings ranks #458 out of 679 companies for Cyclically Adjusted PB Ratio. This places CL Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. CL Holdings' value of 1.87 is 88.9% above this benchmark. Historically, CL Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.98 to 6.12 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 0.99, CL 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.99, based on 679 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. CL Holdings's current Cyclically Adjusted PB Ratio of 1.87 is 88.9% 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 CL Holdings and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CL Holdings's current Cyclically Adjusted PB Ratio is 1.87, which is near median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CL Holdings stock overvalued right now?
Based on GuruFocus' analysis, CL Holdings (TSE:4286) is currently considered Significantly Overvalued. The stock's GF Value™ is 円785.89, compared to a current price of 円1,344.00 — trading 71% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.87, which is near median its 10-year median of 1.93 and 88.9% above the Media - Diversified industry median of 0.99. CL Holdings' overall GF Score™ is 76/100 with 6 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 CL Holdings (TSE:4286), the current Cyclically Adjusted PB Ratio is 1.87 as of Aug. 21, 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 CL Holdings (TSE:4286) Overvalued in 2026?

Based on GuruFocus' analysis, CL Holdings stock appears to be overvalued. The current stock price of 円1,344.00 is trading 71% above its estimated GF Value™ of 円785.89. GuruFocus considers CL Holdings to be Significantly Overvalued.

Key valuation signals for TSE:4286:

  • Cyclically Adjusted PB Ratio: 1.87 (near median its 10-year median of 1.93)
  • GF Value™: 円785.89 vs. price of 円1,344.00 (71% above fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 88.9% above the Media - Diversified median (#458 of 679)

No single metric tells the full story. See the TSE:4286 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CL Holdings Business Description

Address 2-20 Akasaka 5-chome, Akasaka Park Building, 16th Floor, Minato-ku, Tokyo, JPN, 150-0001
CL Holdings Inc formerly Legs Co Ltd is engaged in marketing and sales promotion services. The company provides planning, designing, developing premium goods, free giveaways, sampling, promotional events and web promotion.
76GF Score

Get the complete analysis for TSE:4286

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

円1,344.00
Price
円785.89
GF Value