TOHO Co (TSE:8142) Cyclically Adjusted PB Ratio: 1.63 (As of Aug. 04, 2026) — 70% Above Median

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TSE:8142 TOHO Co Ltd TSE:8142
59 GF Score
Price 円1,345.00
GF Value 円1,149.34
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is TOHO Co Cyclically Adjusted PB Ratio?

TOHO Co TSE:8142 -0.74% 59 Cyclically Adjusted PB Ratio is 1.63 as of Aug. 04, 2026, which is 70% above its 10-year median of 0.96. GuruFocus rates TSE:8142 with a GF Score™ of 59/100 and a GF Value™ of 円1,149.34 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 231 Retail - Defensive companies, TOHO Co ranks worse than 50.22% on this metric.

As of today (2026-08-04), TOHO Co's current share price is 円1345.00. TOHO Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2026 was 円826.58. TOHO Co's Cyclically Adjusted PB Ratio for today is 1.63.

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

TSE:8142' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.96   Max: 1.74
Current: 1.65

During the past years, TOHO Co's highest Cyclically Adjusted PB Ratio was 1.74. The lowest was 0.46. And the median was 0.96.

TSE:8142's Cyclically Adjusted PB Ratio is ranked worse than
50.22% of 231 companies
in the Retail - Defensive industry
Industry Median: 1.65 vs TSE:8142: 1.65

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.

TOHO Co's adjusted book value per share data for the three months ended in Jan. 2026 was 円1,080.009. 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826.58 for the trailing ten years ended in Jan. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TOHO Co  (TSE:8142) 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.


TOHO Co Cyclically Adjusted PB Ratio Related Terms


TOHO Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TOHO 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.

TOHO Co Cyclically Adjusted PB Ratio Chart

TOHO 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 0.51 0.73 1.27 1.16 1.55

TOHO Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 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 1.36 1.35 1.35 1.55 0.00

TSE:8142 vs SYY, USFD, PFGC: Cyclically Adjusted PB Ratio Comparison

For the Food Distribution subindustry, TOHO 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.


TOHO Co Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

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

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


TSE:8142
59GF Score
TOHO Co Ltd TSE:8142
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOHO 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1345.00/826.58
=1.63

* 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.

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

For example, TOHO 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)
=1080.009/112.9000*112.9000
=1,080.009

Current CPI (Jan. 2026) = 112.9000.

TOHO Co Quarterly Data

Book Value per Share CPI Adj_Book
201604 725.918 98.100 835.435
201607 731.292 97.900 843.339
201610 735.230 98.600 841.861
201701 755.564 98.200 868.668
201704 749.244 98.500 858.778
201707 753.687 98.300 865.628
201710 751.177 98.800 858.379
201801 765.803 99.500 868.936
201804 754.648 99.100 859.735
201807 764.130 99.200 869.660
201810 759.637 100.200 855.918
201901 739.124 99.700 836.982
201904 741.045 100.000 836.640
201907 730.664 99.800 826.573
201910 713.250 100.400 802.051
202001 737.667 100.500 828.683
202004 672.286 100.200 757.496
202007 605.200 100.000 683.271
202010 597.205 99.800 675.596
202101 582.349 99.800 658.790
202104 598.370 99.100 681.695
202107 568.591 99.700 643.871
202110 558.117 99.900 630.745
202201 617.323 100.300 694.873
202204 634.614 101.500 705.891
202207 672.110 102.300 741.752
202210 700.868 103.700 763.047
202301 694.453 104.700 748.842
202304 717.818 105.100 771.091
202307 764.425 105.700 816.496
202310 809.482 107.100 853.319
202401 842.826 106.900 890.131
202404 863.181 107.700 904.857
202407 904.242 108.600 940.045
202410 901.175 109.500 929.157
202501 952.369 111.200 966.929
202504 953.795 111.500 965.771
202507 979.802 111.900 988.558
202510 1,012.796 112.800 1,013.694
202601 1,080.009 112.900 1,080.009

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 1.63 mean?
TOHO Co (TSE:8142) has a Cyclically Adjusted PB Ratio of 1.63 as of Aug. 04, 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 TOHO Co and its competitors. This is 70% above median its historical median of 0.96. Over the past decade, TOHO Co's Cyclically Adjusted PB Ratio has ranged from 0.46 to 1.74. According to the industry distribution chart, TOHO Co ranks #116 out of 231 companies in the Retail - Defensive industry, placing it in the top 50.2%.
Is TOHO Co's Cyclically Adjusted PB Ratio too high?
TOHO Co's current Cyclically Adjusted PB Ratio of 1.63 is 70% above median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.74. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.65. TOHO Co's value of 1.63 is 1.2% below this industry median. Based on the distribution chart, TOHO Co ranks #116 out of 231 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, TOHO Co has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOHO Co's Cyclically Adjusted PB Ratio compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, TOHO Co ranks #116 out of 231 companies for Cyclically Adjusted PB Ratio. This places TOHO Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.65. TOHO Co's value of 1.63 is 1.2% below this benchmark. Historically, TOHO Co's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 1.74 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 1.65, TOHO 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 - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.65, based on 231 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. TOHO Co's current Cyclically Adjusted PB Ratio of 1.63 is 1.2% 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 TOHO Co and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOHO Co's current Cyclically Adjusted PB Ratio is 1.63, which is 70% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOHO Co stock overvalued right now?
Based on GuruFocus' analysis, TOHO Co (TSE:8142) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,149.34, compared to a current price of 円1,345.00 — trading 17% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.63, which is 70% above median its 10-year median of 0.96 and 1.2% below the Retail - Defensive industry median of 1.65. TOHO Co's overall GF Score™ is 59/100 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 TOHO Co (TSE:8142), the current Cyclically Adjusted PB Ratio is 1.63 as of Aug. 04, 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 TOHO Co (TSE:8142) Overvalued in 2026?

Based on GuruFocus' analysis, TOHO Co stock appears to be overvalued. The current stock price of 円1,345.00 is trading 17% above its estimated GF Value™ of 円1,149.34. GuruFocus considers TOHO Co to be Modestly Overvalued.

Key valuation signals for TSE:8142:

  • Cyclically Adjusted PB Ratio: 1.63 (70% above median its 10-year median of 0.96)
  • GF Value™: 円1,149.34 vs. price of 円1,345.00 (17% above fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 1.2% below the Retail - Defensive median (#116 of 231)

No single metric tells the full story. See the TSE:8142 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOHO Co Business Description

Address 5-9 Koyo-cho Nishi, Higashinada-ku, Kobe, JPN, 658-0033
TOHO Co Ltd is engaged in the purchase, procurement, and development of food for commercial use. The group is also engaged in the production of coffee for commercial use. provides total support for the restaurant business, including logistics, information, and services, to support customer value creation.
59GF Score

Get the complete analysis for TSE:8142

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

円1,345.00
Price
円1,149.34
GF Value