Menicon Co (TSE:7780) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan 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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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:7780 Menicon Co Ltd TSE:7780
82 GF Score
Price 円1,762.00
GF Value 円1,774.64
Valuation Fairly Valued
! 3 Warning Signs
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What is Menicon Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Menicon Co  (TSE:7780) 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.


Menicon Co Cyclically Adjusted PB Ratio Related Terms


Menicon Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Menicon 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.

Menicon Co Cyclically Adjusted PB Ratio Chart

Menicon 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 4.66 4.04 2.07 1.47 1.84

Menicon 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 1.33 1.32 1.81 1.90 1.80

TSE:7780 vs ISRG, BDX, RMD: Cyclically Adjusted PB Ratio Comparison

For the Medical Instruments & Supplies subindustry, Menicon 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.


Menicon Co Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Menicon Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:7780
82GF Score
Menicon Co Ltd TSE:7780
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Menicon 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.

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

For example, Menicon 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)
=1296.138/113.6000*113.6000
=1,296.138

Current CPI (Jun. 2026) = 113.6000.

Menicon Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 514.115 98.000 595.954
201612 531.643 98.400 613.767
201703 537.024 98.100 621.875
201706 546.679 98.500 630.485
201709 566.470 98.800 651.326
201712 580.299 99.400 663.199
201803 570.338 99.200 653.129
201806 567.591 99.200 649.983
201809 585.375 99.900 665.652
201812 595.224 99.700 678.209
201903 603.866 99.700 688.056
201906 604.905 99.800 688.549
201909 661.104 100.100 750.264
201912 678.841 100.500 767.327
202003 709.286 100.300 803.339
202006 714.130 99.900 812.064
202009 741.795 99.900 843.523
202012 767.540 99.300 878.072
202103 806.903 99.900 917.559
202106 810.154 99.500 924.960
202109 827.814 100.100 939.457
202112 855.275 100.100 970.622
202203 884.779 101.100 994.173
202206 911.101 101.800 1,016.710
202209 947.014 103.100 1,043.461
202212 974.807 104.100 1,063.766
202303 982.763 104.400 1,069.367
202306 1,004.030 105.200 1,084.200
202309 1,042.572 106.200 1,115.218
202312 1,053.296 106.800 1,120.360
202403 1,073.409 107.200 1,137.493
202406 1,111.556 108.200 1,167.031
202409 1,132.739 108.900 1,181.627
202412 1,159.855 110.700 1,190.240
202503 1,134.293 111.100 1,159.817
202506 1,119.691 111.700 1,138.737
202509 1,167.796 112.000 1,184.479
202512 1,267.949 113.000 1,274.681
202603 1,281.813 112.700 1,292.049
202606 1,296.138 113.600 1,296.138

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 Menicon Co (TSE:7780) Overvalued in 2026?

Based on GuruFocus' analysis, Menicon Co stock appears to be undervalued. The current stock price of 円1,762.00 is trading 0.7% below its estimated GF Value™ of 円1,774.64. GuruFocus considers Menicon Co to be Fairly Valued.

Key valuation signals for TSE:7780:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円1,774.64 vs. price of 円1,762.00 (0.7% below fair value)
  • GF Score™: 82/100 with 3 warning signs

No single metric tells the full story. See the TSE:7780 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Menicon Co Business Description

Other Exchanges 5FR:Germany
Address 3-21-19, Aoi, Naka-ku, Aichi, Nagoya, JPN, 460-0006
Menicon Co Ltd is a contact lens manufacturing company. It is involved in manufacturing, sales, export, and import of contact lenses and other medical goods, manufacturing and sales of medical instruments, sales of medical supplies and research and development of intraocular lenses. The firm's products include soft lenses, gas permeable lenses and lens care products.
82GF Score

Get the complete analysis for TSE:7780

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

円1,762.00
Price
円1,774.64
GF Value