Recruit Holdings Co (TSE:6098) Cyclically Adjusted PB Ratio: 17.93 (As of Aug. 19, 2026) — 70% Above Median

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TSE:6098 Recruit Holdings Co Ltd TSE:6098
91 GF Score
Price 円16,020.00
GF Value 円9,813.02
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Recruit Holdings Co Cyclically Adjusted PB Ratio?

Recruit Holdings Co TSE:6098 -2.20% 91 Cyclically Adjusted PB Ratio is 17.93 as of Aug. 19, 2026, which is 70% above its 10-year median of 10.53. GuruFocus rates TSE:6098 with a GF Score™ of 91/100 and a GF Value™ of 円9,813.02 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 341 Interactive Media companies, Recruit Holdings Co ranks worse than 97.36% on this metric.

As of today (2026-08-19), Recruit Holdings Co's current share price is 円16020.00. Recruit Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円893.60. Recruit Holdings Co's Cyclically Adjusted PB Ratio for today is 17.93.

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

TSE:6098' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.22   Med: 10.53   Max: 18.41
Current: 18.41

During the past years, Recruit Holdings Co's highest Cyclically Adjusted PB Ratio was 18.41. The lowest was 7.22. And the median was 10.53.

TSE:6098's Cyclically Adjusted PB Ratio is ranked worse than
97.36% of 341 companies
in the Interactive Media industry
Industry Median: 1.48 vs TSE:6098: 18.41

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.

Recruit Holdings Co's adjusted book value per share data for the three months ended in Jun. 2026 was 円1,274.759. 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893.60 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Recruit Holdings Co  (TSE:6098) 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.


Recruit Holdings Co Cyclically Adjusted PB Ratio Related Terms


Recruit Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Recruit 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.

Recruit Holdings Co Cyclically Adjusted PB Ratio Chart

Recruit 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 0.00 0.00 9.50 9.59 7.53

Recruit 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 10.47 9.59 10.38 7.53 12.68

TSE:6098 vs GOOGL, META, SPOT: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Recruit 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.


Recruit Holdings Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Recruit Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:6098
91GF Score
Recruit Holdings Co Ltd TSE:6098
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Recruit 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16020.00/893.60
=17.93

* 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.

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

For example, Recruit Holdings Co'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)
=1274.759/113.6000*113.6000
=1,274.759

Current CPI (Jun. 2026) = 113.6000.

Recruit Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 405.006 98.000 469.476
201612 415.819 98.400 480.051
201703 441.507 98.100 511.266
201706 435.163 98.500 501.873
201709 480.485 98.800 552.460
201712 500.259 99.400 571.725
201803 500.198 99.200 572.807
201806 523.244 99.200 599.199
201809 559.526 99.900 636.258
201812 561.550 99.700 639.840
201903 578.037 99.700 658.626
201906 585.522 99.800 666.486
201909 611.008 100.100 693.412
201912 602.359 100.500 680.875
202003 599.647 100.300 679.162
202006 602.068 99.900 684.634
202009 634.609 99.900 721.637
202012 644.639 99.300 737.472
202103 667.956 99.900 759.558
202106 713.173 99.500 814.236
202109 769.882 100.100 873.712
202112 827.715 100.100 939.345
202203 847.448 101.100 952.226
202206 967.897 101.800 1,080.089
202209 1,069.097 103.100 1,177.977
202212 997.368 104.100 1,088.386
202303 1,030.330 104.400 1,121.125
202306 1,176.110 105.200 1,270.020
202309 1,262.768 106.200 1,350.757
202312 1,253.923 106.800 1,333.761
202403 1,295.396 107.200 1,372.733
202406 1,388.212 108.200 1,457.494
202409 1,099.967 108.900 1,147.440
202412 1,213.237 110.700 1,245.020
202503 1,102.860 111.100 1,127.677
202506 975.523 111.700 992.116
202509 1,034.992 112.000 1,049.778
202512 1,109.562 113.000 1,115.453
202603 1,134.011 112.700 1,143.067
202606 1,274.759 113.600 1,274.759

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 17.93 mean?
Recruit Holdings Co (TSE:6098) has a Cyclically Adjusted PB Ratio of 17.93 as of Aug. 19, 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 Recruit Holdings Co and its competitors. This is 70% above median its historical median of 10.53. Over the past decade, Recruit Holdings Co's Cyclically Adjusted PB Ratio has ranged from 7.22 to 18.41. According to the industry distribution chart, Recruit Holdings Co ranks #332 out of 341 companies in the Interactive Media industry, placing it in the top 97.4%.
Is Recruit Holdings Co's Cyclically Adjusted PB Ratio too high?
Recruit Holdings Co's current Cyclically Adjusted PB Ratio of 17.93 is 70% above median its 10-year median of 10.53. Over the past 10 years, this metric has ranged from a low of 7.22 to a high of 18.41. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.48. Recruit Holdings Co's value of 17.93 is 1111.5% above this industry median. Based on the distribution chart, Recruit Holdings Co ranks #332 out of 341 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Recruit Holdings Co has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Recruit Holdings Co's Cyclically Adjusted PB Ratio compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Recruit Holdings Co ranks #332 out of 341 companies for Cyclically Adjusted PB Ratio. This places Recruit Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.48. Recruit Holdings Co's value of 17.93 is 1111.5% above this benchmark. Historically, Recruit Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 7.22 to 18.41 over the past decade. While the company's 10-year median is 10.53 vs. the industry median of 1.48, Recruit 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.48, based on 341 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. Recruit Holdings Co's current Cyclically Adjusted PB Ratio of 17.93 is 1111.5% 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 Recruit Holdings Co and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Recruit Holdings Co's current Cyclically Adjusted PB Ratio is 17.93, which is 70% above median its own 10-year median of 10.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Recruit Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Recruit Holdings Co (TSE:6098) is currently considered Significantly Overvalued. The stock's GF Value™ is 円9,813.02, compared to a current price of 円16,020.00 — trading 63.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 17.93, which is 70% above median its 10-year median of 10.53 and 1111.5% above the Interactive Media industry median of 1.48. Recruit Holdings Co's overall GF Score™ is 91/100 with 5 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 Recruit Holdings Co (TSE:6098), the current Cyclically Adjusted PB Ratio is 17.93 as of Aug. 19, 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 Recruit Holdings Co (TSE:6098) Overvalued in 2026?

Based on GuruFocus' analysis, Recruit Holdings Co stock appears to be overvalued. The current stock price of 円16,020.00 is trading 63.3% above its estimated GF Value™ of 円9,813.02. GuruFocus considers Recruit Holdings Co to be Significantly Overvalued.

Key valuation signals for TSE:6098:

  • Cyclically Adjusted PB Ratio: 17.93 (70% above median its 10-year median of 10.53)
  • GF Value™: 円9,813.02 vs. price of 円16,020.00 (63.3% above fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 1111.5% above the Interactive Media median (#332 of 341)

No single metric tells the full story. See the TSE:6098 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Recruit Holdings Co Business Description

Address 1-9-2 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6640
Recruit is a holding company for various technology and employment-related businesses. Recruit's primary business is its HR technology segment, in which it owns two out of three globally scaled employment-related platforms: www.indeed.com, an online marketplace for employment; and www.glassdoor.com, an online review site for employers. Recruit also owns various marketing businesses operating in Japan for life events and lifestyle, a software solutions business for small and medium-size enterprises, or SMEs, in Japan, and various staffing businesses operating throughout the developed world.
91GF Score

Get the complete analysis for TSE:6098

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

円16,020.00
Price
円9,813.02
GF Value