Daiwa Co (TSE:8247) Cyclically Adjusted PB Ratio: 0.29 (As of Aug. 13, 2026) — 24% Below 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:8247 Daiwa Co Ltd TSE:8247
47 GF Score
Price 円300.00
GF Value 円422.89
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Daiwa Co Cyclically Adjusted PB Ratio?

Daiwa Co TSE:8247 47 Cyclically Adjusted PB Ratio is 0.29 as of Aug. 13, 2026, which is 24% below its 10-year median of 0.38. GuruFocus rates TSE:8247 with a GF Score™ of 47/100 and a GF Value™ of 円422.89 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 798 Retail - Cyclical companies, Daiwa Co ranks better than 88.35% on this metric.

As of today (2026-08-13), Daiwa Co's current share price is 円300.00. Daiwa Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円1,023.08. Daiwa Co's Cyclically Adjusted PB Ratio for today is 0.29.

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

TSE:8247' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.38   Max: 0.49
Current: 0.29

During the past years, Daiwa Co's highest Cyclically Adjusted PB Ratio was 0.49. The lowest was 0.19. And the median was 0.38.

TSE:8247's Cyclically Adjusted PB Ratio is ranked better than
88.35% of 798 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs TSE:8247: 0.29

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.

Daiwa Co's adjusted book value per share data for the three months ended in Feb. 2026 was 円969.198. 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1,023.08 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daiwa Co  (TSE:8247) 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.


Daiwa Co Cyclically Adjusted PB Ratio Related Terms


Daiwa Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Daiwa 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.

Daiwa Co Cyclically Adjusted PB Ratio Chart

Daiwa 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 0.33 0.40 0.46 0.40 0.38

Daiwa 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 0.37 0.37 0.36 0.38 0.00

TSE:8247 vs DDS, M: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Daiwa 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.


Daiwa Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


TSE:8247
47GF Score
Daiwa Co Ltd TSE:8247
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiwa 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=300.00/1023.08
=0.29

* 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.

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

For example, Daiwa 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)
=969.198/112.2000*112.2000
=969.198

Current CPI (Feb. 2026) = 112.2000.

Daiwa Co Quarterly Data

Book Value per Share CPI Adj_Book
201602 1,398.813 97.800 1,604.773
201605 1,403.999 98.200 1,604.162
201608 1,394.036 97.900 1,597.659
201611 1,433.993 98.600 1,631.785
201702 1,460.557 98.100 1,670.484
201705 1,457.006 98.600 1,657.972
201708 1,484.491 98.500 1,690.963
201711 1,501.828 99.100 1,700.354
201802 1,489.988 99.500 1,680.167
201805 1,495.518 99.300 1,689.800
201808 1,473.394 99.800 1,656.461
201811 1,461.148 100.000 1,639.408
201902 571.907 99.700 643.610
201905 588.405 100.000 660.190
201908 638.381 100.000 716.263
201911 663.107 100.500 740.305
202002 653.047 100.300 730.527
202005 592.423 100.100 664.035
202008 586.780 100.100 657.709
202011 580.403 99.500 654.485
202102 565.999 99.800 636.324
202105 554.392 99.400 625.783
202108 528.991 99.700 595.314
202111 517.200 100.100 579.719
202202 530.436 100.700 591.012
202205 600.953 101.800 662.347
202208 605.939 102.700 661.990
202211 604.123 103.900 652.383
202302 629.326 104.000 678.946
202305 659.292 105.100 703.830
202308 680.765 105.900 721.264
202311 737.892 106.900 774.476
202402 799.142 106.900 838.763
202405 884.818 108.100 918.377
202408 892.584 109.100 917.946
202502 950.215 110.800 962.221
202505 1,020.676 111.800 1,024.328
202508 1,059.636 112.100 1,060.581
202511 1,066.663 113.200 1,057.240
202602 969.198 112.200 969.198

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 0.29 mean?
Daiwa Co (TSE:8247) has a Cyclically Adjusted PB Ratio of 0.29 as of Aug. 13, 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 Daiwa Co and its competitors. This is 24% below median its historical median of 0.38. Over the past decade, Daiwa Co's Cyclically Adjusted PB Ratio has ranged from 0.19 to 0.49. According to the industry distribution chart, Daiwa Co ranks #93 out of 798 companies in the Retail - Cyclical industry, placing it in the top 11.7%.
Is Daiwa Co's Cyclically Adjusted PB Ratio too high?
Daiwa Co's current Cyclically Adjusted PB Ratio of 0.29 is 24% below median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.49. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Daiwa Co's value of 0.29 is 76.6% below this industry median. Based on the distribution chart, Daiwa Co ranks #93 out of 798 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Daiwa Co has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Daiwa Co's Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Daiwa Co ranks #93 out of 798 companies for Cyclically Adjusted PB Ratio. This places Daiwa Co in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.24. Daiwa Co's value of 0.29 is 76.6% below this benchmark. Historically, Daiwa Co's own Cyclically Adjusted PB Ratio has ranged from 0.19 to 0.49 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 1.24, Daiwa 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 1.24, based on 798 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. Daiwa Co's current Cyclically Adjusted PB Ratio of 0.29 is 76.6% 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 Daiwa Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Co's current Cyclically Adjusted PB Ratio is 0.29, which is 24% below median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Co stock overvalued right now?
Based on GuruFocus' analysis, Daiwa Co (TSE:8247) is currently considered Modestly Undervalued. The stock's GF Value™ is 円422.89, compared to a current price of 円300.00 — trading 29.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.29, which is 24% below median its 10-year median of 0.38 and 76.6% below the Retail - Cyclical industry median of 1.24. Daiwa Co's overall GF Score™ is 47/100 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 Daiwa Co (TSE:8247), the current Cyclically Adjusted PB Ratio is 0.29 as of Aug. 13, 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 Daiwa Co (TSE:8247) Overvalued in 2026?

Based on GuruFocus' analysis, Daiwa Co stock appears to be undervalued. The current stock price of 円300.00 is trading 29.1% below its estimated GF Value™ of 円422.89. GuruFocus considers Daiwa Co to be Modestly Undervalued.

Key valuation signals for TSE:8247:

  • Cyclically Adjusted PB Ratio: 0.29 (24% below median its 10-year median of 0.38)
  • GF Value™: 円422.89 vs. price of 円300.00 (29.1% below fair value)
  • GF Score™: 47/100 with 5 warning signs
  • Industry Position: 76.6% below the Retail - Cyclical median (#93 of 798)

No single metric tells the full story. See the TSE:8247 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daiwa Co Business Description

Address 2-2-5 Katamachi, 5th Floor Katamachi Kirara, Kanazawa, JPN, 920-8561
Daiwa Co Ltd is a Japan-based company mainly engaged in the operation of department stores and other businesses. It operates two department stores in Kanazawa and Toyama. The company's reportable segments are department stores, hotels, publishing, food and beverages, and others. A majority of its revenue is generated from the department stores segment, which provides customers with various products, information, and services.
47GF Score

Get the complete analysis for TSE:8247

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

円300.00
Price
円422.89
GF Value