Teno Holdings Co (TSE:7037) Cyclically Adjusted PB Ratio: 1.77 (As of Aug. 23, 2026) — Near Median

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TSE:7037 Teno Holdings Co Ltd TSE:7037
66 GF Score
Price 円826.00
GF Value 円669.39
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Teno Holdings Co Cyclically Adjusted PB Ratio?

Teno Holdings Co TSE:7037 -1.43% 66 Cyclically Adjusted PB Ratio is 1.77 as of Aug. 23, 2026, which is 8% below its 10-year median of 1.93. GuruFocus rates TSE:7037 with a GF Score™ of 66/100 and a GF Value™ of 円669.39 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 339 Healthcare Providers & Services companies, Teno Holdings Co ranks better than 52.21% on this metric.

As of today (2026-08-23), Teno Holdings Co's current share price is 円826.00. Teno Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was 円466.19. Teno Holdings Co's Cyclically Adjusted PB Ratio for today is 1.77.

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

TSE:7037' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.77   Med: 1.93   Max: 2
Current: 1.77

During the past 10 years, Teno Holdings Co's highest Cyclically Adjusted PB Ratio was 2.00. The lowest was 1.77. And the median was 1.93.

TSE:7037's Cyclically Adjusted PB Ratio is ranked better than
52.21% of 339 companies
in the Healthcare Providers & Services industry
Industry Median: 1.85 vs TSE:7037: 1.77

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.

Teno Holdings Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was 円394.835. 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466.19 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Teno Holdings Co  (TSE:7037) 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.


Teno Holdings Co Cyclically Adjusted PB Ratio Related Terms


Teno Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Teno 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.

Teno Holdings Co Cyclically Adjusted PB Ratio Chart

Teno Holdings 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 0.00 0.00 0.00 0.00 2.00

Teno Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 0.00 0.00 2.00 0.00 0.00

TSE:7037 vs HCA, THC, DVA: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Teno 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.


Teno Holdings Co Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Teno Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:7037
66GF Score
Teno Holdings Co Ltd TSE:7037
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Teno 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=826.00/466.19
=1.77

* 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.

Teno Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Teno Holdings Co's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=394.835/113.0000*113.0000
=394.835

Current CPI (Dec25) = 113.0000.

Teno Holdings Co Annual Data

Book Value per Share CPI Adj_Book
201612 381.162 98.400 437.717
201712 447.351 99.400 508.558
201812 326.973 99.700 370.591
201912 392.678 100.500 441.519
202012 456.875 99.300 519.908
202112 498.077 100.100 562.265
202212 478.805 104.100 519.740
202312 490.698 106.800 519.184
202412 379.733 110.700 387.623
202512 394.835 113.000 394.835

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 1.77 mean?
Teno Holdings Co (TSE:7037) has a Cyclically Adjusted PB Ratio of 1.77 as of Aug. 23, 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 Teno Holdings Co and its competitors. This is near median its historical median of 1.93. Over the past decade, Teno Holdings Co's Cyclically Adjusted PB Ratio has ranged from 1.77 to 2.00. According to the industry distribution chart, Teno Holdings Co ranks #162 out of 339 companies in the Healthcare Providers & Services industry, placing it in the top 47.8%.
Is Teno Holdings Co's Cyclically Adjusted PB Ratio too high?
Teno Holdings Co's current Cyclically Adjusted PB Ratio of 1.77 is near median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 2.00. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.85. Teno Holdings Co's value of 1.77 is 4.3% below this industry median. Based on the distribution chart, Teno Holdings Co ranks #162 out of 339 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Teno Holdings Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Teno Holdings Co's Cyclically Adjusted PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Teno Holdings Co ranks #162 out of 339 companies for Cyclically Adjusted PB Ratio. This puts Teno Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Teno Holdings Co's value of 1.77 is 4.3% below this benchmark. Historically, Teno Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 1.77 to 2.00 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 1.85, Teno Holdings Co has consistently been below 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.85, based on 339 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. Teno Holdings Co's current Cyclically Adjusted PB Ratio of 1.77 is 4.3% below 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 Teno Holdings Co and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teno Holdings Co's current Cyclically Adjusted PB Ratio is 1.77, 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 Teno Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Teno Holdings Co (TSE:7037) is currently considered Modestly Overvalued. The stock's GF Value™ is 円669.39, compared to a current price of 円826.00 — trading 23.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.77, which is near median its 10-year median of 1.93 and 4.3% below the Healthcare Providers & Services industry median of 1.85. Teno Holdings Co's overall GF Score™ is 66/100 with 8 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 Teno Holdings Co (TSE:7037), the current Cyclically Adjusted PB Ratio is 1.77 as of Aug. 23, 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 Teno Holdings Co (TSE:7037) Overvalued in 2026?

Based on GuruFocus' analysis, Teno Holdings Co stock appears to be overvalued. The current stock price of 円826.00 is trading 23.4% above its estimated GF Value™ of 円669.39. GuruFocus considers Teno Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:7037:

  • Cyclically Adjusted PB Ratio: 1.77 (near median its 10-year median of 1.93)
  • GF Value™: 円669.39 vs. price of 円826.00 (23.4% above fair value)
  • GF Score™: 66/100 with 8 warning signs
  • Industry Position: 4.3% below the Healthcare Providers & Services median (#162 of 339)

No single metric tells the full story. See the TSE:7037 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Teno Holdings Co Business Description

Address 10-10 Kamigofukumachi, Hakata-ku, Gofukumachi Business Center, 5th Floor, Kamigofuku-cho, Yubinbango, Fukuoka, JPN, 812-0036
Teno Holdings Co Ltd is a Japanese company offering childcare related services. Its service offerings include: Childcare business including Aiai nursery school, Hoppeland, Teno. Kids Room, Tetote, Kototomo, Nursery School, Childcare room and others; Nursing childcare includes Day care facility, and Residential care services; and Comprehensive Home service includes Babysitter service, Mothering service, Housekeeping service, Temp staffing service, Teno School (tenoSCHOOL), Temporary nursing care at the event, Nursing care service, and Teno. Children's Room. and others; and Life-related support projects include: Homemade Cooking, and Small-amount short-term insurance.
66GF Score

Get the complete analysis for TSE:7037

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

円826.00
Price
円669.39
GF Value