Regal (TSE:7938) Cyclically Adjusted PB Ratio: 0.48 (As of Aug. 09, 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:7938 Regal Corp TSE:7938
52 GF Score
Price 円2,215.00
GF Value 円2,454.82
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Regal Cyclically Adjusted PB Ratio?

Regal TSE:7938 +0.32% 52 Cyclically Adjusted PB Ratio is 0.48 as of Aug. 09, 2026, which is 4% below its 10-year median of 0.50. GuruFocus rates TSE:7938 with a GF Score™ of 52/100 and a GF Value™ of 円2,454.82 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 847 Manufacturing - Apparel & Accessories companies, Regal ranks better than 75.44% on this metric.

As of today (2026-08-09), Regal's current share price is 円2215.00. Regal's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円4,659.10. Regal's Cyclically Adjusted PB Ratio for today is 0.48.

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

TSE:7938' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.5   Max: 0.81
Current: 0.48

During the past years, Regal's highest Cyclically Adjusted PB Ratio was 0.81. The lowest was 0.40. And the median was 0.50.

TSE:7938's Cyclically Adjusted PB Ratio is ranked better than
75.44% of 847 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.95 vs TSE:7938: 0.48

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.

Regal's adjusted book value per share data for the three months ended in Mar. 2026 was 円4,588.255. 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4,659.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Regal  (TSE:7938) 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.


Regal Cyclically Adjusted PB Ratio Related Terms


Regal Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Regal'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.

Regal Cyclically Adjusted PB Ratio Chart

Regal 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 0.43 0.42 0.49 0.52 0.50

Regal 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 0.52 0.52 0.52 0.51 0.50

TSE:7938 vs NKE, DECK, ONON: Cyclically Adjusted PB Ratio Comparison

For the Footwear & Accessories subindustry, Regal'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.


Regal Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


TSE:7938
52GF Score
Regal Corp TSE:7938
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Regal 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.

Regal's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2215.00/4659.10
=0.48

* 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.

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

For example, Regal'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)
=4588.255/112.7000*112.7000
=4,588.255

Current CPI (Mar. 2026) = 112.7000.

Regal Quarterly Data

Book Value per Share CPI Adj_Book
201603 4,652.408 97.900 5,355.734
201606 4,537.831 98.100 5,213.186
201609 4,666.667 98.000 5,366.667
201612 4,824.797 98.400 5,525.962
201703 5,065.589 98.100 5,819.489
201706 4,939.163 98.500 5,651.205
201709 4,966.413 98.800 5,665.129
201712 5,113.184 99.400 5,797.342
201803 5,234.157 99.200 5,946.467
201806 5,073.912 99.200 5,764.414
201809 5,053.866 99.900 5,701.408
201812 4,835.646 99.700 5,466.172
201903 5,059.215 99.700 5,718.892
201906 4,983.886 99.800 5,628.096
201909 5,032.299 100.100 5,665.735
201912 5,020.266 100.500 5,629.691
202003 4,538.632 100.300 5,099.739
202006 4,210.260 99.900 4,749.713
202009 3,950.285 99.900 4,456.428
202012 3,891.790 99.300 4,416.966
202103 3,225.786 99.900 3,639.100
202106 3,036.164 99.500 3,438.952
202109 2,909.119 100.100 3,275.302
202112 3,066.667 100.100 3,452.681
202203 3,211.153 101.100 3,579.594
202206 3,291.302 101.800 3,643.711
202209 3,283.208 103.100 3,588.919
202212 3,341.184 104.100 3,617.209
202303 3,421.283 104.400 3,693.282
202306 3,410.642 105.200 3,653.796
202309 3,456.025 106.200 3,667.552
202312 3,707.668 106.800 3,912.492
202403 3,887.324 107.200 4,086.767
202406 4,041.719 108.200 4,209.813
202409 3,763.551 108.900 3,894.878
202503 4,070.584 111.100 4,129.206
202506 4,378.473 111.700 4,417.672
202509 4,580.112 112.000 4,608.738
202512 4,639.792 113.000 4,627.474
202603 4,588.255 112.700 4,588.255

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 0.48 mean?
Regal (TSE:7938) has a Cyclically Adjusted PB Ratio of 0.48 as of Aug. 09, 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 Regal and its competitors. This is near median its historical median of 0.50. Over the past decade, Regal's Cyclically Adjusted PB Ratio has ranged from 0.40 to 0.81. According to the industry distribution chart, Regal ranks #208 out of 847 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 24.6%.
Is Regal's Cyclically Adjusted PB Ratio too high?
Regal's current Cyclically Adjusted PB Ratio of 0.48 is near median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.81. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.95. Regal's value of 0.48 is 49.5% below this industry median. Based on the distribution chart, Regal ranks #208 out of 847 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Regal has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Regal's Cyclically Adjusted PB Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Regal ranks #208 out of 847 companies for Cyclically Adjusted PB Ratio. This places Regal in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.95. Regal's value of 0.48 is 49.5% below this benchmark. Historically, Regal's own Cyclically Adjusted PB Ratio has ranged from 0.40 to 0.81 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 0.95, Regal 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.95, based on 847 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. Regal's current Cyclically Adjusted PB Ratio of 0.48 is 49.5% 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 Regal and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Regal's current Cyclically Adjusted PB Ratio is 0.48, which is near median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Regal stock overvalued right now?
Based on GuruFocus' analysis, Regal (TSE:7938) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,454.82, compared to a current price of 円2,215.00 — trading 9.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.48, which is near median its 10-year median of 0.50 and 49.5% below the Manufacturing - Apparel & Accessories industry median of 0.95. Regal's overall GF Score™ is 52/100 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 Regal (TSE:7938), the current Cyclically Adjusted PB Ratio is 0.48 as of Aug. 09, 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 Regal (TSE:7938) Overvalued in 2026?

Based on GuruFocus' analysis, Regal stock appears to be undervalued. The current stock price of 円2,215.00 is trading 9.8% below its estimated GF Value™ of 円2,454.82. GuruFocus considers Regal to be Modestly Undervalued.

Key valuation signals for TSE:7938:

  • Cyclically Adjusted PB Ratio: 0.48 (near median its 10-year median of 0.50)
  • GF Value™: 円2,454.82 vs. price of 円2,215.00 (9.8% below fair value)
  • GF Score™: 52/100 with 5 warning signs
  • Industry Position: 49.5% below the Manufacturing - Apparel & Accessories median (#208 of 847)

No single metric tells the full story. See the TSE:7938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Regal Business Description

Address 2-1-8 Hinode, Urayasu Chiba, JPN, 2798553
Regal Corp manufactures and sells men's and women's shoes in Japan. It is also involved in the sale of shoe-related materials and the repair of shoes. The company has two segments, the Shoe retail business and the Shoe wholesale business. The company generates the majority of its revenue from the retail business.
52GF Score

Get the complete analysis for TSE:7938

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

円2,215.00
Price
円2,454.82
GF Value