New Art Holdings Co (TSE:7638) Cyclically Adjusted PB Ratio: 2.39 (As of Aug. 07, 2026) — Near Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:7638 New Art Holdings Co Ltd TSE:7638
77 GF Score
Price 円1,405.00
GF Value 円2,106.51
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is New Art Holdings Co Cyclically Adjusted PB Ratio?

New Art Holdings Co TSE:7638 +2.26% 77 Cyclically Adjusted PB Ratio is 2.39 as of Aug. 07, 2026, which is 8% below its 10-year median of 2.59. GuruFocus rates TSE:7638 with a GF Score™ of 77/100 and a GF Value™ of 円2,106.51 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 805 Retail - Cyclical companies, New Art Holdings Co ranks worse than 72.55% on this metric.

As of today (2026-08-07), New Art Holdings Co's current share price is 円1405.00. New Art Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円587.91. New Art Holdings Co's Cyclically Adjusted PB Ratio for today is 2.39.

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

TSE:7638' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07   Med: 2.59   Max: 4.54
Current: 2.34

During the past years, New Art Holdings Co's highest Cyclically Adjusted PB Ratio was 4.54. The lowest was 1.07. And the median was 2.59.

TSE:7638's Cyclically Adjusted PB Ratio is ranked worse than
72.55% of 805 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs TSE:7638: 2.34

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.

New Art Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円650.259. 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587.91 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


New Art Holdings Co  (TSE:7638) 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.


New Art Holdings Co Cyclically Adjusted PB Ratio Related Terms


New Art Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for New Art 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.

New Art Holdings Co Cyclically Adjusted PB Ratio Chart

New Art 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 2.97 3.95 3.37 2.51 2.43

New Art Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 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 2.51 0.00 0.00 0.00 2.43

TSE:7638 vs TPR: Cyclically Adjusted PB Ratio Comparison

For the Luxury Goods subindustry, New Art 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.


New Art Holdings Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, New Art Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:7638
77GF Score
New Art Holdings Co Ltd TSE:7638
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

New Art 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1405.00/587.91
=2.39

* 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.

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

For example, New Art Holdings Co'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)
=650.259/112.7000*112.7000
=650.259

Current CPI (Mar. 2026) = 112.7000.

New Art Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 354.860 97.900 408.506
201606 372.906 98.100 428.405
201609 401.043 98.000 461.199
201612 415.013 98.400 475.325
201703 420.017 98.100 482.527
201706 400.906 98.500 458.702
201709 415.741 98.800 474.231
201712 402.991 99.400 456.912
201803 408.329 99.200 463.898
201806 406.409 99.200 461.717
201809 423.923 99.900 478.239
201812 441.266 99.700 498.803
201903 458.613 99.700 518.412
201906 455.384 99.800 514.246
201909 495.533 100.100 557.908
201912 512.029 100.500 574.186
202003 525.915 100.300 590.933
202006 482.551 99.900 544.379
202009 525.021 99.900 592.291
202012 567.547 99.300 644.134
202103 558.191 99.900 629.711
202106 508.436 99.500 575.887
202109 550.199 100.100 619.455
202112 588.750 100.100 662.858
202203 595.792 101.100 664.152
202206 543.859 101.800 602.091
202209 528.998 103.100 578.255
202212 570.506 104.100 617.637
202303 600.783 104.400 648.546
202306 510.702 105.200 547.111
202309 534.570 106.200 567.289
202312 557.285 106.800 588.071
202403 563.723 107.200 592.645
202406 469.855 108.200 489.396
202409 549.916 108.900 569.105
202503 628.967 111.100 638.025
202506 615.307 111.700 620.816
202509 608.276 112.000 612.078
202512 636.242 113.000 634.553
202603 650.259 112.700 650.259

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 2.39 mean?
New Art Holdings Co (TSE:7638) has a Cyclically Adjusted PB Ratio of 2.39 as of Aug. 07, 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 New Art Holdings Co and its competitors. This is near median its historical median of 2.59. Over the past decade, New Art Holdings Co's Cyclically Adjusted PB Ratio has ranged from 1.07 to 4.54. According to the industry distribution chart, New Art Holdings Co ranks #584 out of 805 companies in the Retail - Cyclical industry, placing it in the top 72.5%.
Is New Art Holdings Co's Cyclically Adjusted PB Ratio too high?
New Art Holdings Co's current Cyclically Adjusted PB Ratio of 2.39 is near median its 10-year median of 2.59. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 4.54. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. New Art Holdings Co's value of 2.39 is 92.7% above this industry median. Based on the distribution chart, New Art Holdings Co ranks #584 out of 805 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, New Art Holdings Co has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does New Art Holdings Co's Cyclically Adjusted PB Ratio compare to TPR?
According to the Retail - Cyclical industry distribution chart, New Art Holdings Co ranks #584 out of 805 companies for Cyclically Adjusted PB Ratio. This places New Art Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. New Art Holdings Co's value of 2.39 is 92.7% above this benchmark. Historically, New Art Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 1.07 to 4.54 over the past decade. While the company's 10-year median is 2.59 vs. the industry median of 1.24, New Art 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 a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 805 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. New Art Holdings Co's current Cyclically Adjusted PB Ratio of 2.39 is 92.7% 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 New Art Holdings Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Art Holdings Co's current Cyclically Adjusted PB Ratio is 2.39, which is near median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Art Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, New Art Holdings Co (TSE:7638) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,106.51, compared to a current price of 円1,405.00 — trading 33.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.39, which is near median its 10-year median of 2.59 and 92.7% above the Retail - Cyclical industry median of 1.24. New Art Holdings Co's overall GF Score™ is 77/100 with 2 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 New Art Holdings Co (TSE:7638), the current Cyclically Adjusted PB Ratio is 2.39 as of Aug. 07, 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 New Art Holdings Co (TSE:7638) Overvalued in 2026?

Based on GuruFocus' analysis, New Art Holdings Co stock appears to be undervalued. The current stock price of 円1,405.00 is trading 33.3% below its estimated GF Value™ of 円2,106.51. GuruFocus considers New Art Holdings Co to be Significantly Undervalued.

Key valuation signals for TSE:7638:

  • Cyclically Adjusted PB Ratio: 2.39 (near median its 10-year median of 2.59)
  • GF Value™: 円2,106.51 vs. price of 円1,405.00 (33.3% below fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 92.7% above the Retail - Cyclical median (#584 of 805)

No single metric tells the full story. See the TSE:7638 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


New Art Holdings Co Business Description

Address 2-6-3 Ginza, Chuo-ku, Tokyo, JPN, 104-0061
New Art Holdings Co Ltd is engaged in the business of jewellery business which include bridal jewellery, beauty salon, and art business. The products of the company includes ginza diamond shiraji and exelco diamond. The company's segments: Jewelry and Art Auction Business; Health & Beauty business; and Other Businesses.
77GF Score

Get the complete analysis for TSE:7638

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

円1,405.00
Price
円2,106.51
GF Value