Lapine Co (TSE:8143) Cyclically Adjusted PB Ratio: 0.17 (As of Sep. 16, 2026) — 13% Above 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:8143 Lapine Co Ltd TSE:8143
35 GF Score
Price 円212.00
GF Value 円188.08
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Lapine Co Cyclically Adjusted PB Ratio?

Lapine Co TSE:8143 +28.48% 35 Cyclically Adjusted PB Ratio is 0.17 as of Sep. 16, 2026, which is 13% above its 10-year median of 0.15. GuruFocus rates TSE:8143 with a GF Score™ of 35/100 and a GF Value™ of 円188.08 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 635 Manufacturing - Apparel & Accessories companies, Lapine Co ranks better than 97.01% on this metric.

As of today (2026-09-16), Lapine Co's current share price is 円212.00. Lapine Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円1,278.95. Lapine Co's Cyclically Adjusted PB Ratio for today is 0.17.

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

TSE:8143' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.15   Max: 0.33
Current: 0.1

During the past years, Lapine Co's highest Cyclically Adjusted PB Ratio was 0.33. The lowest was 0.10. And the median was 0.15.

TSE:8143's Cyclically Adjusted PB Ratio is ranked better than
97.01% of 635 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.93 vs TSE:8143: 0.10

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.

Lapine Co's adjusted book value per share data for the three months ended in Feb. 2026 was 円315.878. 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1,278.95 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lapine Co  (TSE:8143) 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.


Lapine Co Cyclically Adjusted PB Ratio Related Terms


Lapine Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lapine 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.

Lapine Co Cyclically Adjusted PB Ratio Chart

Lapine Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.17 0.16 0.15 0.20

Lapine Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.16 0.22 0.17 0.17 0.15

TSE:8143 vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Lapine 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.


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

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

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


TSE:8143
35GF Score
Lapine Co Ltd TSE:8143
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lapine 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=212.00/1278.951
=0.17

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=315.878/112.2000*112.2000
=315.878

Current CPI (Feb. 2026) = 112.2000.

Lapine Co Quarterly Data

Book Value per Share CPI Adj_Book
201602 2,998.414 97.800 3,439.898
201605 3,014.082 98.200 3,443.788
201608 2,761.828 97.900 3,165.241
201611 2,841.403 98.600 3,233.321
201702 2,293.321 98.100 2,622.942
201705 2,388.392 98.600 2,717.825
201708 2,302.637 98.500 2,622.902
201711 2,469.707 99.100 2,796.177
201802 2,333.397 99.500 2,631.228
201805 2,360.331 99.300 2,666.960
201808 2,183.419 99.800 2,454.706
201811 2,250.076 100.000 2,524.585
201902 1,877.196 99.700 2,112.552
201905 1,871.849 100.000 2,100.215
201908 1,729.559 100.000 1,940.565
201911 1,744.910 100.500 1,948.049
202002 1,206.727 100.300 1,349.898
202005 1,064.571 100.100 1,193.255
202008 753.526 100.100 844.612
202011 299.294 99.500 337.495
202102 307.177 99.800 345.343
202105 305.553 99.400 344.900
202108 332.256 99.700 373.913
202111 379.945 100.100 425.872
202202 337.530 100.700 376.076
202205 381.884 101.800 420.898
202208 468.929 102.700 512.306
202211 467.977 103.900 505.361
202302 488.788 104.000 527.327
202305 483.624 105.100 516.295
202308 431.694 105.900 457.376
202311 405.329 106.900 425.425
202402 388.606 106.900 407.873
202405 442.768 108.100 459.561
202408 378.277 109.100 389.025
202502 357.149 110.800 361.662
202505 327.644 111.800 328.816
202508 304.282 112.100 304.553
202511 297.321 113.200 294.694
202602 315.878 112.200 315.878

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 0.17 mean?
Lapine Co (TSE:8143) has a Cyclically Adjusted PB Ratio of 0.17 as of Sep. 16, 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 Lapine Co and its competitors. This is 13% above median its historical median of 0.15. Over the past decade, Lapine Co's Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.33. According to the industry distribution chart, Lapine Co ranks #19 out of 635 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 3%.
Is Lapine Co's Cyclically Adjusted PB Ratio too high?
Lapine Co's current Cyclically Adjusted PB Ratio of 0.17 is 13% above median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.33. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.93. Lapine Co's value of 0.17 is 81.7% below this industry median. Based on the distribution chart, Lapine Co ranks #19 out of 635 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Lapine Co has a GF Score™ of 35/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lapine Co's Cyclically Adjusted PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Lapine Co ranks #19 out of 635 companies for Cyclically Adjusted PB Ratio. This places Lapine Co in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.93. Lapine Co's value of 0.17 is 81.7% below this benchmark. Historically, Lapine Co's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.33 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 0.93, Lapine 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.93, based on 635 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. Lapine Co's current Cyclically Adjusted PB Ratio of 0.17 is 81.7% 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 Lapine Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lapine Co's current Cyclically Adjusted PB Ratio is 0.17, which is 13% above median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lapine Co stock overvalued right now?
Based on GuruFocus' analysis, Lapine Co (TSE:8143) is currently considered Modestly Overvalued. The stock's GF Value™ is 円188.08, compared to a current price of 円212.00 — trading 12.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.17, which is 13% above median its 10-year median of 0.15 and 81.7% below the Manufacturing - Apparel & Accessories industry median of 0.93. Lapine Co's overall GF Score™ is 35/100 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 Lapine Co (TSE:8143), the current Cyclically Adjusted PB Ratio is 0.17 as of Sep. 16, 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 Lapine Co (TSE:8143) Overvalued in 2026?

Based on GuruFocus' analysis, Lapine Co stock appears to be overvalued. The current stock price of 円212.00 is trading 12.7% above its estimated GF Value™ of 円188.08. GuruFocus considers Lapine Co to be Modestly Overvalued.

Key valuation signals for TSE:8143:

  • Cyclically Adjusted PB Ratio: 0.17 (13% above median its 10-year median of 0.15)
  • GF Value™: 円188.08 vs. price of 円212.00 (12.7% above fair value)
  • GF Score™: 35/100 with 5 warning signs
  • Industry Position: 81.7% below the Manufacturing - Apparel & Accessories median (#19 of 635)

No single metric tells the full story. See the TSE:8143 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lapine Co Business Description

Address 17 Higashimatsushitacho, Kanda, Chiyoda-ku, Osaka, JPN, 530-0043
Lapine Co Ltd is engaged in the planning, manufacture, and sale of women's clothing and fashion accessories in Japan. It offers jackets, pants, blouses, cuts, dresses, sweaters, and skirts.
35GF Score

Get the complete analysis for TSE:8143

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

円212.00
Price
円188.08
GF Value