Naigai Co (TSE:8013) Cyclically Adjusted PB Ratio: 0.34 (As of Aug. 07, 2026) — 17% Above Median

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TSE:8013 Naigai Co Ltd TSE:8013
56 GF Score
Price 円345.00
GF Value 円293.36
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Naigai Co Cyclically Adjusted PB Ratio?

Naigai Co TSE:8013 -0.58% 56 Cyclically Adjusted PB Ratio is 0.34 as of Aug. 07, 2026, which is 17% above its 10-year median of 0.29. GuruFocus rates TSE:8013 with a GF Score™ of 56/100 and a GF Value™ of 円293.36 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 805 Retail - Cyclical companies, Naigai Co ranks better than 84.72% on this metric.

As of today (2026-08-07), Naigai Co's current share price is 円345.00. Naigai Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2026 was 円1,027.90. Naigai Co's Cyclically Adjusted PB Ratio for today is 0.34.

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

TSE:8013' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.29   Max: 0.53
Current: 0.36

During the past years, Naigai Co's highest Cyclically Adjusted PB Ratio was 0.53. The lowest was 0.21. And the median was 0.29.

TSE:8013's Cyclically Adjusted PB Ratio is ranked better than
84.72% of 805 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs TSE:8013: 0.36

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.

Naigai Co's adjusted book value per share data for the three months ended in Jan. 2026 was 円878.935. 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1,027.90 for the trailing ten years ended in Jan. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Naigai Co  (TSE:8013) 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.


Naigai Co Cyclically Adjusted PB Ratio Related Terms


Naigai Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Naigai 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.

Naigai Co Cyclically Adjusted PB Ratio Chart

Naigai Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 0.25 0.25 0.21 0.29

Naigai Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.25 0.27 0.26 0.29 0.00

TSE:8013 vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Naigai 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.


Naigai Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


TSE:8013
56GF Score
Naigai Co Ltd TSE:8013
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Naigai 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=345.00/1027.90
=0.34

* 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.

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

For example, Naigai Co's adjusted Book Value per Share data for the three months ended in Jan. 2026 was:

Adj_Book=Book Value per Share/CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=878.935/112.9000*112.9000
=878.935

Current CPI (Jan. 2026) = 112.9000.

Naigai Co Quarterly Data

Book Value per Share CPI Adj_Book
201601 1,050.402 97.700 1,213.822
201604 1,020.088 98.100 1,173.985
201607 1,002.557 97.900 1,156.166
201610 1,032.384 98.600 1,182.111
201701 1,095.093 98.200 1,259.022
201704 1,104.225 98.500 1,265.655
201707 1,103.494 98.300 1,267.390
201710 1,133.812 98.800 1,295.621
201801 1,185.970 99.500 1,345.689
201804 1,190.111 99.100 1,355.838
201807 1,186.092 99.200 1,349.897
201810 1,189.867 100.200 1,340.678
201901 1,151.261 99.700 1,303.685
201904 1,184.630 100.000 1,337.447
201907 1,129.826 99.800 1,278.130
201910 1,072.829 100.400 1,206.398
202001 1,062.607 100.500 1,193.715
202004 945.432 100.200 1,065.262
202007 896.224 100.000 1,011.837
202010 847.990 99.800 959.299
202101 815.469 99.800 922.510
202104 843.240 99.100 960.664
202107 821.559 99.700 930.331
202110 801.218 99.900 905.481
202201 847.614 100.300 954.094
202204 821.577 101.500 913.853
202207 807.429 102.300 891.092
202210 763.074 103.700 830.772
202301 706.623 104.700 761.965
202304 708.822 105.100 761.427
202307 666.667 105.700 712.079
202310 670.577 107.100 706.892
202401 708.175 106.900 747.923
202404 727.606 107.700 762.736
202407 763.116 108.600 793.331
202501 805.375 111.200 817.687
202504 732.150 111.500 741.343
202507 767.469 111.900 774.328
202510 786.281 112.800 786.978
202601 878.935 112.900 878.935

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 0.34 mean?
Naigai Co (TSE:8013) has a Cyclically Adjusted PB Ratio of 0.34 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 Naigai Co and its competitors. This is 17% above median its historical median of 0.29. Over the past decade, Naigai Co's Cyclically Adjusted PB Ratio has ranged from 0.21 to 0.53. According to the industry distribution chart, Naigai Co ranks #123 out of 805 companies in the Retail - Cyclical industry, placing it in the top 15.3%.
Is Naigai Co's Cyclically Adjusted PB Ratio too high?
Naigai Co's current Cyclically Adjusted PB Ratio of 0.34 is 17% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.53. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Naigai Co's value of 0.34 is 72.8% below this industry median. Based on the distribution chart, Naigai Co ranks #123 out of 805 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Naigai Co has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Naigai Co's Cyclically Adjusted PB Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Naigai Co ranks #123 out of 805 companies for Cyclically Adjusted PB Ratio. This places Naigai Co in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. Naigai Co's value of 0.34 is 72.8% below this benchmark. Historically, Naigai Co's own Cyclically Adjusted PB Ratio has ranged from 0.21 to 0.53 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.25, Naigai 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, 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. Naigai Co's current Cyclically Adjusted PB Ratio of 0.34 is 72.8% 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 Naigai Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Naigai Co's current Cyclically Adjusted PB Ratio is 0.34, which is 17% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naigai Co stock overvalued right now?
Based on GuruFocus' analysis, Naigai Co (TSE:8013) is currently considered Modestly Overvalued. The stock's GF Value™ is 円293.36, compared to a current price of 円345.00 — trading 17.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.34, which is 17% above median its 10-year median of 0.29 and 72.8% below the Retail - Cyclical industry median of 1.25. Naigai Co's overall GF Score™ is 56/100 with 4 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 Naigai Co (TSE:8013), the current Cyclically Adjusted PB Ratio is 0.34 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 Naigai Co (TSE:8013) Overvalued in 2026?

Based on GuruFocus' analysis, Naigai Co stock appears to be overvalued. The current stock price of 円345.00 is trading 17.6% above its estimated GF Value™ of 円293.36. GuruFocus considers Naigai Co to be Modestly Overvalued.

Key valuation signals for TSE:8013:

  • Cyclically Adjusted PB Ratio: 0.34 (17% above median its 10-year median of 0.29)
  • GF Value™: 円293.36 vs. price of 円345.00 (17.6% above fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 72.8% below the Retail - Cyclical median (#123 of 805)

No single metric tells the full story. See the TSE:8013 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Naigai Co Business Description

Address 7-8-5 Akasaka, Minato-Ku, Tokyo, JPN, 107-0052
Naigai Co Ltd operates in the retail apparel stores industry. The company is primarily engaged in the planning, manufacturing, wholesales and import/export of textile products. It offers pantyhoses; and men's, women's, and children's socks.
56GF Score

Get the complete analysis for TSE:8013

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

円345.00
Price
円293.36
GF Value