Nagahori (TSE:8139) Cyclically Adjusted PB Ratio: 2.66 (As of Aug. 22, 2026) — 186% Above Median

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TSE:8139 Nagahori Corp TSE:8139
69 GF Score
Price 円2,395.00
GF Value 円1,618.64
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Nagahori Cyclically Adjusted PB Ratio?

Nagahori TSE:8139 +3.32% 69 Cyclically Adjusted PB Ratio is 2.66 as of Aug. 22, 2026, which is 186% above its 10-year median of 0.93. GuruFocus rates TSE:8139 with a GF Score™ of 69/100 and a GF Value™ of 円1,618.64 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 786 Retail - Cyclical companies, Nagahori ranks worse than 74.3% on this metric.

As of today (2026-08-22), Nagahori's current share price is 円2395.00. Nagahori's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円901.73. Nagahori's Cyclically Adjusted PB Ratio for today is 2.66.

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

TSE:8139' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.93   Max: 3.18
Current: 2.55

During the past years, Nagahori's highest Cyclically Adjusted PB Ratio was 3.18. The lowest was 0.15. And the median was 0.93.

TSE:8139's Cyclically Adjusted PB Ratio is ranked worse than
74.3% of 786 companies
in the Retail - Cyclical industry
Industry Median: 1.22 vs TSE:8139: 2.55

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.

Nagahori's adjusted book value per share data for the three months ended in Mar. 2026 was 円920.981. 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901.73 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nagahori  (TSE:8139) 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.


Nagahori Cyclically Adjusted PB Ratio Related Terms


Nagahori Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nagahori'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.

Nagahori Cyclically Adjusted PB Ratio Chart

Nagahori 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 0.61 1.21 1.63 1.53 2.22

Nagahori Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.74 1.91 2.29 2.22 0.00

TSE:8139 vs TPR: Cyclically Adjusted PB Ratio Comparison

For the Luxury Goods subindustry, Nagahori'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.


Nagahori Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


TSE:8139
69GF Score
Nagahori Corp TSE:8139
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nagahori 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2395.00/901.73
=2.66

* 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.

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

For example, Nagahori'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)
=920.981/112.7000*112.7000
=920.981

Current CPI (Mar. 2026) = 112.7000.

Nagahori Quarterly Data

Book Value per Share CPI Adj_Book
201603 855.766 97.900 985.136
201606 835.455 98.100 959.794
201609 837.603 98.000 963.243
201612 851.146 98.400 974.839
201703 850.550 98.100 977.135
201706 840.179 98.500 961.301
201709 841.124 98.800 959.460
201712 853.175 99.400 967.332
201803 849.537 99.200 965.149
201806 834.802 99.200 948.409
201809 834.854 99.900 941.822
201812 833.617 99.700 942.313
201903 824.395 99.700 931.889
201906 809.594 99.800 914.241
201909 821.256 100.100 924.631
201912 819.067 100.500 918.496
202003 801.675 100.300 900.785
202006 770.189 99.900 868.872
202009 768.135 99.900 866.555
202012 775.649 99.300 880.319
202103 779.911 99.900 879.840
202106 770.146 99.500 872.316
202109 776.633 100.100 874.391
202112 782.070 100.100 880.512
202203 786.348 101.100 876.572
202206 778.237 101.800 861.565
202209 778.926 103.100 851.455
202212 785.456 104.100 850.345
202303 790.892 104.400 853.769
202306 787.716 105.200 843.874
202309 804.192 106.200 853.413
202312 815.864 106.800 860.935
202403 829.779 107.200 872.352
202406 822.881 108.200 857.104
202409 826.860 108.900 855.713
202503 847.714 111.100 859.922
202506 835.507 111.700 842.987
202509 856.446 112.000 861.799
202512 890.015 113.000 887.652
202603 920.981 112.700 920.981

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 2.66 mean?
Nagahori (TSE:8139) has a Cyclically Adjusted PB Ratio of 2.66 as of Aug. 22, 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 Nagahori and its competitors. This is 186% above median its historical median of 0.93. Over the past decade, Nagahori's Cyclically Adjusted PB Ratio has ranged from 0.15 to 3.18. According to the industry distribution chart, Nagahori ranks #584 out of 786 companies in the Retail - Cyclical industry, placing it in the top 74.3%.
Is Nagahori's Cyclically Adjusted PB Ratio too high?
Nagahori's current Cyclically Adjusted PB Ratio of 2.66 is 186% above median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 3.18. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.22. Nagahori's value of 2.66 is 118% above this industry median. Based on the distribution chart, Nagahori ranks #584 out of 786 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Nagahori has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nagahori's Cyclically Adjusted PB Ratio compare to TPR?
According to the Retail - Cyclical industry distribution chart, Nagahori ranks #584 out of 786 companies for Cyclically Adjusted PB Ratio. This places Nagahori in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.22. Nagahori's value of 2.66 is 118% above this benchmark. Historically, Nagahori's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 3.18 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 1.22, Nagahori 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 1.22, based on 786 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. Nagahori's current Cyclically Adjusted PB Ratio of 2.66 is 118% 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 Nagahori and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nagahori's current Cyclically Adjusted PB Ratio is 2.66, which is 186% above median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nagahori stock overvalued right now?
Based on GuruFocus' analysis, Nagahori (TSE:8139) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,618.64, compared to a current price of 円2,395.00 — trading 48% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.66, which is 186% above median its 10-year median of 0.93 and 118% above the Retail - Cyclical industry median of 1.22. Nagahori's overall GF Score™ is 69/100 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 Nagahori (TSE:8139), the current Cyclically Adjusted PB Ratio is 2.66 as of Aug. 22, 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 Nagahori (TSE:8139) Overvalued in 2026?

Based on GuruFocus' analysis, Nagahori stock appears to be overvalued. The current stock price of 円2,395.00 is trading 48% above its estimated GF Value™ of 円1,618.64. GuruFocus considers Nagahori to be Significantly Overvalued.

Key valuation signals for TSE:8139:

  • Cyclically Adjusted PB Ratio: 2.66 (186% above median its 10-year median of 0.93)
  • GF Value™: 円1,618.64 vs. price of 円2,395.00 (48% above fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 118% above the Retail - Cyclical median (#584 of 786)

No single metric tells the full story. See the TSE:8139 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nagahori Business Description

Address 1-15-3 Ueno, Taito-ku, Tokyo, JPN, 110-8546
Nagahori Corp is mainly engaged in the manufacturing, processing, import, and export of jewelry, pearls, and precious metals products in Japan. It provides rings, necklaces, earrings, bracelets, pendants, engagement rings, marriage rings, and other jewelry products, which are marketed under brands like Proponaire, Wisp, Disney, Scavia, Nadia, and others. The group's reportable segments are Jewelry Business, Building Rental Business, and Solar Power Generation Business. The majority of its revenue is generated from the Jewelry Business, which manufactures and sells jewelry. The Building Rental Business rents out its real estate holdings, and the Solar Power Generation Business sells electricity.
69GF Score

Get the complete analysis for TSE:8139

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

円2,395.00
Price
円1,618.64
GF Value