PA Co (TSE:4766) Cyclically Adjusted PB Ratio: 2.70 (As of Aug. 10, 2026) — Near Median

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TSE:4766 PA Co Ltd TSE:4766
47 GF Score
Price 円190.00
GF Value 円313.58
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is PA Co Cyclically Adjusted PB Ratio?

PA Co TSE:4766 -1.55% 47 Cyclically Adjusted PB Ratio is 2.70 as of Aug. 10, 2026, which is 7% above its 10-year median of 2.52. GuruFocus rates TSE:4766 with a GF Score™ of 47/100 and a GF Value™ of 円313.58 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 724 Business Services companies, PA Co ranks worse than 70.3% on this metric.

As of today (2026-08-10), PA Co's current share price is 円190.00. PA Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円70.25. PA Co's Cyclically Adjusted PB Ratio for today is 2.70.

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

TSE:4766' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.25   Med: 2.52   Max: 5.21
Current: 2.7

During the past years, PA Co's highest Cyclically Adjusted PB Ratio was 5.21. The lowest was 1.25. And the median was 2.52.

TSE:4766's Cyclically Adjusted PB Ratio is ranked worse than
70.3% of 724 companies
in the Business Services industry
Industry Median: 1.56 vs TSE:4766: 2.70

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.

PA Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円48.415. 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70.25 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PA Co  (TSE:4766) 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.


PA Co Cyclically Adjusted PB Ratio Related Terms


PA Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PA 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.

PA Co Cyclically Adjusted PB Ratio Chart

PA Co 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 2.15 2.08 4.28 3.60 3.93

PA Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
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 3.60 3.49 3.94 3.93 0.00

TSE:4766 vs KFY, RHI, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, PA 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.


PA Co Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, PA Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:4766
47GF Score
PA Co Ltd TSE:4766
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PA 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=190.00/70.25
=2.70

* 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.

PA Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, PA Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=48.415/113.0000*113.0000
=48.415

Current CPI (Dec. 2025) = 113.0000.

PA Co Quarterly Data

Book Value per Share CPI Adj_Book
201509 93.469 98.500 107.228
201512 97.087 98.100 111.833
201603 96.179 97.900 111.014
201606 98.431 98.100 113.381
201609 96.005 98.000 110.700
201612 96.998 98.400 111.390
201703 91.513 98.100 105.413
201706 93.258 98.500 106.986
201709 91.291 98.800 104.412
201712 91.986 99.400 104.572
201803 90.188 99.200 102.734
201806 88.993 99.200 101.373
201809 85.171 99.900 96.340
201812 77.408 99.700 87.734
201903 75.586 99.700 85.669
201906 70.988 99.800 80.377
201909 65.711 100.100 74.179
201912 68.305 100.500 76.801
202003 69.320 100.300 78.097
202006 66.655 99.900 75.396
202009 63.382 99.900 71.693
202012 58.658 99.300 66.751
202103 54.846 99.900 62.038
202106 35.155 99.500 39.925
202109 35.657 100.100 40.252
202112 32.660 100.100 36.869
202203 29.801 101.100 33.309
202206 30.744 101.800 34.126
202209 31.574 103.100 34.606
202212 32.599 104.100 35.386
202303 32.780 104.400 35.480
202306 35.574 105.200 38.212
202309 36.912 106.200 39.275
202312 36.769 106.800 38.904
202403 37.249 107.200 39.264
202406 38.683 108.200 40.399
202412 43.269 110.700 44.168
202503 39.683 111.100 40.362
202506 44.378 111.700 44.894
202512 48.415 113.000 48.415

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 2.70 mean?
PA Co (TSE:4766) has a Cyclically Adjusted PB Ratio of 2.70 as of Aug. 10, 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 PA Co and its competitors. This is near median its historical median of 2.52. Over the past decade, PA Co's Cyclically Adjusted PB Ratio has ranged from 1.25 to 5.21. According to the industry distribution chart, PA Co ranks #509 out of 724 companies in the Business Services industry, placing it in the top 70.3%.
Is PA Co's Cyclically Adjusted PB Ratio too high?
PA Co's current Cyclically Adjusted PB Ratio of 2.70 is near median its 10-year median of 2.52. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 5.21. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. PA Co's value of 2.70 is 73.1% above this industry median. Based on the distribution chart, PA Co ranks #509 out of 724 companies in the Business Services industry, which is below the industry midpoint. Overall, PA Co has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PA Co's Cyclically Adjusted PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, PA Co ranks #509 out of 724 companies for Cyclically Adjusted PB Ratio. This places PA Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. PA Co's value of 2.70 is 73.1% above this benchmark. Historically, PA Co's own Cyclically Adjusted PB Ratio has ranged from 1.25 to 5.21 over the past decade. While the company's 10-year median is 2.52 vs. the industry median of 1.56, PA 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 724 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. PA Co's current Cyclically Adjusted PB Ratio of 2.70 is 73.1% 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 PA Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PA Co's current Cyclically Adjusted PB Ratio is 2.70, which is near median its own 10-year median of 2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PA Co stock overvalued right now?
Based on GuruFocus' analysis, PA Co (TSE:4766) is currently considered Significantly Undervalued. The stock's GF Value™ is 円313.58, compared to a current price of 円190.00 — trading 39.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.70, which is near median its 10-year median of 2.52 and 73.1% above the Business Services industry median of 1.56. PA Co's overall GF Score™ is 47/100 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 PA Co (TSE:4766), the current Cyclically Adjusted PB Ratio is 2.70 as of Aug. 10, 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 PA Co (TSE:4766) Overvalued in 2026?

Based on GuruFocus' analysis, PA Co stock appears to be undervalued. The current stock price of 円190.00 is trading 39.4% below its estimated GF Value™ of 円313.58. GuruFocus considers PA Co to be Significantly Undervalued.

Key valuation signals for TSE:4766:

  • Cyclically Adjusted PB Ratio: 2.70 (near median its 10-year median of 2.52)
  • GF Value™: 円313.58 vs. price of 円190.00 (39.4% below fair value)
  • GF Score™: 47/100 with 1 warning sign
  • Industry Position: 73.1% above the Business Services median (#509 of 724)

No single metric tells the full story. See the TSE:4766 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PA Co Business Description

Address 1-7-8 Haramachi, 2nd floor, Meguro-ku, Tokyo, JPN, 112-0005
PA Co Ltd Its offers recruitment magazines that issue job information of part-time jobs, and newspapers and flip-flops for job seekers, as well as temporary staffing services and recruitment of staff; and manages child care and nursery schools as well as healthcare business.
47GF Score

Get the complete analysis for TSE:4766

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

円190.00
Price
円313.58
GF Value