WILL GROUP (TSE:6089) Cyclically Adjusted PB Ratio: (As of Aug. 15, 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:6089 WILL GROUP Inc TSE:6089
64 GF Score
Price 円1,162.00
GF Value 円1,078.27
Valuation Fairly Valued
! 1 Warning Sign
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What is WILL GROUP Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


WILL GROUP  (TSE:6089) 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.


WILL GROUP Cyclically Adjusted PB Ratio Related Terms


WILL GROUP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for WILL GROUP'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.

WILL GROUP Cyclically Adjusted PB Ratio Chart

WILL GROUP 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 0.00 0.00 3.02 2.28 2.40

WILL GROUP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 2.16 2.28 2.56 2.40 0.00

TSE:6089 vs KFY, RHI, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, WILL GROUP'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.


WILL GROUP Cyclically Adjusted PB Ratio vs Business Services Industry

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

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


TSE:6089
64GF Score
WILL GROUP Inc TSE:6089
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WILL GROUP 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.

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

For example, WILL GROUP'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)
=872.464/113.6000*113.6000
=872.464

Current CPI (Jun. 2026) = 113.6000.

WILL GROUP Quarterly Data

Book Value per Share CPI Adj_Book
201606 176.606 98.100 204.510
201609 173.092 98.000 200.645
201612 185.995 98.400 214.726
201703 181.764 98.100 210.483
201706 295.375 98.500 340.656
201709 367.833 98.800 422.933
201712 393.499 99.400 449.713
201803 319.016 99.200 365.325
201806 336.889 99.200 385.792
201809 301.463 99.900 342.805
201812 314.877 99.700 358.777
201903 188.703 99.700 215.012
201906 136.950 99.800 155.887
201909 159.220 100.100 180.693
201912 192.580 100.500 217.682
202003 235.445 100.300 266.666
202006 261.181 99.900 296.999
202009 309.322 99.900 351.742
202012 334.969 99.300 383.207
202103 370.104 99.900 420.859
202106 390.638 99.500 445.995
202109 442.520 100.100 502.201
202112 519.655 100.100 589.738
202203 505.074 101.100 567.521
202206 537.794 101.800 600.132
202209 594.424 103.100 654.962
202212 600.823 104.100 655.653
202303 646.013 104.400 702.941
202306 665.519 105.200 718.659
202309 699.192 106.200 747.912
202312 703.859 106.800 748.674
202403 768.333 107.200 814.204
202406 767.574 108.200 805.882
202409 743.456 108.900 775.543
202503 760.073 111.100 777.176
202506 734.305 111.700 746.795
202509 787.937 112.000 799.193
202512 857.417 113.000 861.970
202603 883.341 112.700 890.395
202606 872.464 113.600 872.464

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 WILL GROUP (TSE:6089) Overvalued in 2026?

Based on GuruFocus' analysis, WILL GROUP stock appears to be overvalued. The current stock price of 円1,162.00 is trading 7.8% above its estimated GF Value™ of 円1,078.27. GuruFocus considers WILL GROUP to be Fairly Valued.

Key valuation signals for TSE:6089:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円1,078.27 vs. price of 円1,162.00 (7.8% above fair value)
  • GF Score™: 64/100 with 1 warning sign

No single metric tells the full story. See the TSE:6089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WILL GROUP Business Description

Address Harmony Tower 27th floor, No. 32, No. 2, Honcho, Nakano-ku, Tokyo, JPN, 164-0012
WILL GROUP Inc provides recruitment services. The company offers staffing and employee placement services in Japan.
64GF Score

Get the complete analysis for TSE:6089

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

円1,162.00
Price
円1,078.27
GF Value