Shoei Co (TSE:7839) Cyclically Adjusted PB Ratio: 5.28 (As of Aug. 14, 2026) — 30% Below Median

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TSE:7839 Shoei Co Ltd TSE:7839
99 GF Score
Price 円2,028.00
GF Value 円2,006.85
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Shoei Co Cyclically Adjusted PB Ratio?

Shoei Co TSE:7839 -0.73% 99 Cyclically Adjusted PB Ratio is 5.28 as of Aug. 14, 2026, which is 30% below its 10-year median of 7.58. GuruFocus rates TSE:7839 with a GF Score™ of 99/100 and a GF Value™ of 円2,006.85 (Fairly Valued). The stock has 3 warning signs investors should review. Among 827 Manufacturing - Apparel & Accessories companies, Shoei Co ranks worse than 91.29% on this metric.

As of today (2026-08-14), Shoei Co's current share price is 円2028.00. Shoei Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円384.28. Shoei Co's Cyclically Adjusted PB Ratio for today is 5.28.

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

TSE:7839' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.22   Med: 7.58   Max: 13.64
Current: 5.25

During the past years, Shoei Co's highest Cyclically Adjusted PB Ratio was 13.64. The lowest was 4.22. And the median was 7.58.

TSE:7839's Cyclically Adjusted PB Ratio is ranked worse than
91.29% of 827 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.98 vs TSE:7839: 5.25

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.

Shoei Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円594.258. 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384.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shoei Co  (TSE:7839) 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.


Shoei Co Cyclically Adjusted PB Ratio Related Terms


Shoei Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shoei 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.

Shoei Co Cyclically Adjusted PB Ratio Chart

Shoei Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.34 11.07 8.31 7.05 4.85

Shoei 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 4.94 4.85 4.73 4.28 0.00

TSE:7839 vs NKE, DECK, ONON: Cyclically Adjusted PB Ratio Comparison

For the Footwear & Accessories subindustry, Shoei 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.


Shoei Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shoei Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:7839
99GF Score
Shoei Co Ltd TSE:7839
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shoei 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2028.00/384.28
=5.28

* 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.

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

For example, Shoei 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)
=594.258/112.7000*112.7000
=594.258

Current CPI (Mar. 2026) = 112.7000.

Shoei Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 190.589 98.100 218.954
201609 190.399 98.000 218.959
201612 178.372 98.400 204.294
201703 194.972 98.100 223.989
201706 206.763 98.500 236.570
201709 222.472 98.800 253.771
201712 213.673 99.400 242.263
201803 226.646 99.200 257.490
201806 239.572 99.200 272.175
201809 247.954 99.900 279.724
201812 238.798 99.700 269.935
201903 245.307 99.700 277.293
201906 261.808 99.800 295.649
201909 273.477 100.100 307.901
201912 257.091 100.500 288.300
202003 256.178 100.300 287.849
202006 273.943 99.900 309.043
202009 291.157 99.900 328.462
202012 280.930 99.300 318.840
202103 300.946 99.900 339.506
202106 330.651 99.500 374.516
202109 345.119 100.100 388.561
202112 332.213 100.100 374.030
202203 355.682 101.100 396.492
202206 390.238 101.800 432.022
202209 426.308 103.100 466.003
202212 402.465 104.100 435.714
202303 434.775 104.400 469.340
202306 478.021 105.200 512.100
202309 509.022 106.200 540.177
202312 455.480 106.800 480.642
202403 482.400 107.200 507.150
202406 522.361 108.200 544.086
202409 562.059 108.900 581.672
202412 516.544 110.700 525.876
202503 544.989 111.100 552.838
202506 573.096 111.700 578.227
202509 612.881 112.000 616.712
202512 571.338 113.000 569.821
202603 594.258 112.700 594.258

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 5.28 mean?
Shoei Co (TSE:7839) has a Cyclically Adjusted PB Ratio of 5.28 as of Aug. 14, 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 Shoei Co and its competitors. This is 30% below median its historical median of 7.58. Over the past decade, Shoei Co's Cyclically Adjusted PB Ratio has ranged from 4.22 to 13.64. According to the industry distribution chart, Shoei Co ranks #755 out of 827 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 91.3%.
Is Shoei Co's Cyclically Adjusted PB Ratio too high?
Shoei Co's current Cyclically Adjusted PB Ratio of 5.28 is 30% below median its 10-year median of 7.58. Over the past 10 years, this metric has ranged from a low of 4.22 to a high of 13.64. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.98. Shoei Co's value of 5.28 is 438.8% above this industry median. Based on the distribution chart, Shoei Co ranks #755 out of 827 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Shoei Co has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shoei Co's Cyclically Adjusted PB Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shoei Co ranks #755 out of 827 companies for Cyclically Adjusted PB Ratio. This places Shoei Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.98. Shoei Co's value of 5.28 is 438.8% above this benchmark. Historically, Shoei Co's own Cyclically Adjusted PB Ratio has ranged from 4.22 to 13.64 over the past decade. While the company's 10-year median is 7.58 vs. the industry median of 0.98, Shoei 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.98, based on 827 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. Shoei Co's current Cyclically Adjusted PB Ratio of 5.28 is 438.8% 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 Shoei Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shoei Co's current Cyclically Adjusted PB Ratio is 5.28, which is 30% below median its own 10-year median of 7.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoei Co stock overvalued right now?
Based on GuruFocus' analysis, Shoei Co (TSE:7839) is currently considered Fairly Valued. The stock's GF Value™ is 円2,006.85, compared to a current price of 円2,028.00 — trading 1.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.28, which is 30% below median its 10-year median of 7.58 and 438.8% above the Manufacturing - Apparel & Accessories industry median of 0.98. Shoei Co's overall GF Score™ is 99/100 with 3 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 Shoei Co (TSE:7839), the current Cyclically Adjusted PB Ratio is 5.28 as of Aug. 14, 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 Shoei Co (TSE:7839) Overvalued in 2026?

Based on GuruFocus' analysis, Shoei Co stock appears to be overvalued. The current stock price of 円2,028.00 is trading 1.1% above its estimated GF Value™ of 円2,006.85. GuruFocus considers Shoei Co to be Fairly Valued.

Key valuation signals for TSE:7839:

  • Cyclically Adjusted PB Ratio: 5.28 (30% below median its 10-year median of 7.58)
  • GF Value™: 円2,006.85 vs. price of 円2,028.00 (1.1% above fair value)
  • GF Score™: 99/100 with 3 warning signs
  • Industry Position: 438.8% above the Manufacturing - Apparel & Accessories median (#755 of 827)

No single metric tells the full story. See the TSE:7839 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shoei Co Business Description

Other Exchanges SHOFF:USA
Address 5-8-5 Ueno, Taito-ku, Tokyo, JPN, 110-0005
Shoei Co Ltd main business is the manufacture and sale of helmets for passengers. The items handled are helmets and related products and are designed for riding on general motorcycles. Geographically the company derives the majority of its revenue from Japan. The company also generates revenue from France, Germany, the United States, china, and other countries.
99GF Score

Get the complete analysis for TSE:7839

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

円2,028.00
Price
円2,006.85
GF Value