Adventure (TSE:6030) Cyclically Adjusted PB Ratio: 1.85 (As of Aug. 20, 2026) — 60% Below Median

Author: Vera Yuan Vera Yuan
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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
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:6030 Adventure Inc TSE:6030
60 GF Score
Price 円1,489.00
GF Value 円3,918.92
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Adventure Cyclically Adjusted PB Ratio?

Adventure TSE:6030 +0.54% 60 Cyclically Adjusted PB Ratio is 1.85 as of Aug. 20, 2026, which is 60% below its 10-year median of 4.59. GuruFocus rates TSE:6030 with a GF Score™ of 60/100 and a GF Value™ of 円3,918.92 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 633 Travel & Leisure companies, Adventure ranks worse than 64.3% on this metric.

As of today (2026-08-20), Adventure's current share price is 円1489.00. Adventure's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円803.21. Adventure's Cyclically Adjusted PB Ratio for today is 1.85.

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

TSE:6030' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.42   Med: 4.59   Max: 9.4
Current: 1.84

During the past years, Adventure's highest Cyclically Adjusted PB Ratio was 9.40. The lowest was 1.42. And the median was 4.59.

TSE:6030's Cyclically Adjusted PB Ratio is ranked worse than
64.3% of 633 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs TSE:6030: 1.84

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.

Adventure's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,287.433. 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803.21 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adventure  (TSE:6030) 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.


Adventure Cyclically Adjusted PB Ratio Related Terms


Adventure Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Adventure'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.

Adventure Cyclically Adjusted PB Ratio Chart

Adventure Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 8.72 4.70 0.00

Adventure 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 4.70 3.82 2.11 2.01 0.00

TSE:6030 vs BKNG, ABNB, RCL: Cyclically Adjusted PB Ratio Comparison

For the Travel Services subindustry, Adventure'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.


Adventure Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Adventure's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:6030
60GF Score
Adventure Inc TSE:6030
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adventure 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.

Adventure's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1489.00/803.21
=1.85

* 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.

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

For example, Adventure'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)
=1287.433/112.7000*112.7000
=1,287.433

Current CPI (Mar. 2026) = 112.7000.

Adventure Quarterly Data

Book Value per Share CPI Adj_Book
201606 172.600 98.100 198.288
201609 177.740 98.000 204.401
201612 212.376 98.400 243.240
201703 228.220 98.100 262.185
201706 226.817 98.500 259.515
201709 221.049 98.800 252.148
201712 222.541 99.400 252.318
201803 199.274 99.200 226.393
201806 208.345 99.200 236.698
201809 238.801 99.900 269.398
201812 244.532 99.700 276.417
201903 287.218 99.700 324.669
201906 221.708 99.800 250.366
201909 263.041 100.100 296.151
201912 302.994 100.500 339.775
202003 307.511 100.300 345.528
202006 221.169 99.900 249.507
202009 255.318 99.900 288.031
202012 278.695 99.300 316.303
202103 322.471 99.900 363.789
202106 342.306 99.500 387.717
202109 383.093 100.100 431.314
202112 1,155.686 100.100 1,301.157
202203 1,199.719 101.100 1,337.372
202206 1,282.400 101.800 1,419.710
202209 1,373.606 103.100 1,501.507
202212 1,387.843 104.100 1,502.497
202303 1,463.058 104.400 1,579.374
202306 1,510.294 105.200 1,617.967
202309 1,545.360 106.200 1,639.944
202312 1,567.831 106.800 1,654.443
202403 1,612.148 107.200 1,694.861
202406 1,481.187 108.200 1,542.789
202409 0.000 108.900 0.000
202412 1,566.069 110.700 1,594.363
202503 1,603.270 111.100 1,626.359
202506 1,208.930 111.700 1,219.753
202509 1,249.537 112.000 1,257.347
202512 1,277.602 113.000 1,274.210
202603 1,287.433 112.700 1,287.433

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 1.85 mean?
Adventure (TSE:6030) has a Cyclically Adjusted PB Ratio of 1.85 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 Adventure and its competitors. This is 60% below median its historical median of 4.59. Over the past decade, Adventure's Cyclically Adjusted PB Ratio has ranged from 1.42 to 9.40. According to the industry distribution chart, Adventure ranks #407 out of 633 companies in the Travel & Leisure industry, placing it in the top 64.3%.
Is Adventure's Cyclically Adjusted PB Ratio too high?
Adventure's current Cyclically Adjusted PB Ratio of 1.85 is 60% below median its 10-year median of 4.59. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 9.40. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Adventure's value of 1.85 is 54.2% above this industry median. Based on the distribution chart, Adventure ranks #407 out of 633 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Adventure has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Adventure's Cyclically Adjusted PB Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Adventure ranks #407 out of 633 companies for Cyclically Adjusted PB Ratio. This places Adventure in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Adventure's value of 1.85 is 54.2% above this benchmark. Historically, Adventure's own Cyclically Adjusted PB Ratio has ranged from 1.42 to 9.40 over the past decade. While the company's 10-year median is 4.59 vs. the industry median of 1.20, Adventure 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 633 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. Adventure's current Cyclically Adjusted PB Ratio of 1.85 is 54.2% 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 Adventure and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adventure's current Cyclically Adjusted PB Ratio is 1.85, which is 60% below median its own 10-year median of 4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adventure stock overvalued right now?
Based on GuruFocus' analysis, Adventure (TSE:6030) is currently considered Possible Value Trap. The stock's GF Value™ is 円3,918.92, compared to a current price of 円1,489.00 — trading 62% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.85, which is 60% below median its 10-year median of 4.59 and 54.2% above the Travel & Leisure industry median of 1.20. Adventure's overall GF Score™ is 60/100 with 4 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 Adventure (TSE:6030), the current Cyclically Adjusted PB Ratio is 1.85 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 Adventure (TSE:6030) Overvalued in 2026?

Based on GuruFocus' analysis, Adventure stock appears to be undervalued. The current stock price of 円1,489.00 is trading 62% below its estimated GF Value™ of 円3,918.92. GuruFocus considers Adventure to be Possible Value Trap.

Key valuation signals for TSE:6030:

  • Cyclically Adjusted PB Ratio: 1.85 (60% below median its 10-year median of 4.59)
  • GF Value™: 円3,918.92 vs. price of 円1,489.00 (62% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 54.2% above the Travel & Leisure median (#407 of 633)

No single metric tells the full story. See the TSE:6030 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adventure Business Description

Address 4-20-3 Ebisu, 24th Floor, Yebisu Garden Place Tower, Shibuya Ward, Tokyo, JPN, 150-6024
Adventure Inc engages in the provision of online travel services. It operates Skyticket and WANNATRIP website portals. The Skyticket website portal offers online ticket booking services for multiple airlines, both domestic and overseas. The WANNATRIP website portal offers package tours and cruise travel to various destinations.
60GF Score

Get the complete analysis for TSE:6030

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

円1,489.00
Price
円3,918.92
GF Value