AEON Co (TSE:8267) Cyclically Adjusted PB Ratio: 3.01 (As of Aug. 17, 2026) — 49% Above Median

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TSE:8267 AEON Co Ltd TSE:8267
67 GF Score
Price 円1,362.50
GF Value 円1,330.24
Valuation Fairly Valued
! 5 Warning Signs
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What is AEON Co Cyclically Adjusted PB Ratio?

AEON Co TSE:8267 -0.84% 67 Cyclically Adjusted PB Ratio is 3.01 as of Aug. 17, 2026, which is 49% above its 10-year median of 2.02. GuruFocus rates TSE:8267 with a GF Score™ of 67/100 and a GF Value™ of 円1,330.24 (Fairly Valued). The stock has 5 warning signs investors should review. Among 792 Retail - Cyclical companies, AEON Co ranks worse than 79.04% on this metric.

As of today (2026-08-17), AEON Co's current share price is 円1362.50. AEON Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円452.47. AEON Co's Cyclically Adjusted PB Ratio for today is 3.01.

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

TSE:8267' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.23   Med: 2.02   Max: 6.25
Current: 3.04

During the past years, AEON Co's highest Cyclically Adjusted PB Ratio was 6.25. The lowest was 1.23. And the median was 2.02.

TSE:8267's Cyclically Adjusted PB Ratio is ranked worse than
79.04% of 792 companies
in the Retail - Cyclical industry
Industry Median: 1.22 vs TSE:8267: 3.04

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.

AEON Co's adjusted book value per share data for the three months ended in Feb. 2026 was 円441.032. 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452.47 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AEON Co  (TSE:8267) 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.


AEON Co Cyclically Adjusted PB Ratio Related Terms


AEON Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AEON 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.

AEON Co Cyclically Adjusted PB Ratio Chart

AEON 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 1.96 1.88 2.63 2.68 4.92

AEON Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 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 3.22 3.91 6.17 4.92 0.00

TSE:8267 vs DDS, M: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, AEON 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.


AEON Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


TSE:8267
67GF Score
AEON Co Ltd TSE:8267
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AEON 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1362.50/452.47
=3.01

* 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.

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

For example, AEON 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)
=441.032/112.2000*112.2000
=441.032

Current CPI (Feb. 2026) = 112.2000.

AEON Co Quarterly Data

Book Value per Share CPI Adj_Book
201605 449.040 98.200 513.058
201608 438.210 97.900 502.218
201611 433.150 98.600 492.895
201702 450.653 98.100 515.426
201705 445.953 98.600 507.464
201708 448.461 98.500 510.836
201711 446.717 99.100 505.768
201802 457.960 99.500 516.413
201805 449.468 99.300 507.858
201808 446.050 99.800 501.471
201811 433.433 100.000 486.312
201902 433.882 99.700 488.280
201905 417.193 100.000 468.091
201908 420.233 100.000 471.501
201911 414.608 100.500 462.876
202002 422.217 100.300 472.311
202005 395.203 100.100 442.975
202008 394.826 100.100 442.552
202011 387.905 99.500 437.416
202102 383.129 99.800 430.732
202105 385.017 99.400 434.597
202108 385.756 99.700 434.121
202111 373.638 100.100 418.803
202202 377.426 100.700 420.528
202205 386.291 101.800 425.755
202208 397.217 102.700 433.961
202211 388.786 103.900 419.844
202302 387.496 104.000 418.049
202305 391.957 105.100 418.436
202308 409.076 105.900 433.412
202311 406.073 106.900 426.206
202402 410.979 106.900 431.355
202405 402.051 108.100 417.300
202408 405.205 109.100 416.719
202411 376.662 110.000 384.195
202502 412.146 110.800 417.354
202505 379.279 111.800 380.636
202508 435.675 112.100 436.064
202511 417.781 113.200 414.090
202602 441.032 112.200 441.032

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 3.01 mean?
AEON Co (TSE:8267) has a Cyclically Adjusted PB Ratio of 3.01 as of Aug. 17, 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 AEON Co and its competitors. This is 49% above median its historical median of 2.02. Over the past decade, AEON Co's Cyclically Adjusted PB Ratio has ranged from 1.23 to 6.25. According to the industry distribution chart, AEON Co ranks #626 out of 792 companies in the Retail - Cyclical industry, placing it in the top 79%.
Is AEON Co's Cyclically Adjusted PB Ratio too high?
AEON Co's current Cyclically Adjusted PB Ratio of 3.01 is 49% above median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 6.25. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.22. AEON Co's value of 3.01 is 146.7% above this industry median. Based on the distribution chart, AEON Co ranks #626 out of 792 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, AEON Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AEON Co's Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, AEON Co ranks #626 out of 792 companies for Cyclically Adjusted PB Ratio. This places AEON Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.22. AEON Co's value of 3.01 is 146.7% above this benchmark. Historically, AEON Co's own Cyclically Adjusted PB Ratio has ranged from 1.23 to 6.25 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 1.22, AEON Co 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 792 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. AEON Co's current Cyclically Adjusted PB Ratio of 3.01 is 146.7% 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 AEON Co 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. AEON Co's current Cyclically Adjusted PB Ratio is 3.01, which is 49% above median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AEON Co stock overvalued right now?
Based on GuruFocus' analysis, AEON Co (TSE:8267) is currently considered Fairly Valued. The stock's GF Value™ is 円1,330.24, compared to a current price of 円1,362.50 — trading 2.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.01, which is 49% above median its 10-year median of 2.02 and 146.7% above the Retail - Cyclical industry median of 1.22. AEON Co's overall GF Score™ is 67/100 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 AEON Co (TSE:8267), the current Cyclically Adjusted PB Ratio is 3.01 as of Aug. 17, 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 AEON Co (TSE:8267) Overvalued in 2026?

Based on GuruFocus' analysis, AEON Co stock appears to be overvalued. The current stock price of 円1,362.50 is trading 2.4% above its estimated GF Value™ of 円1,330.24. GuruFocus considers AEON Co to be Fairly Valued.

Key valuation signals for TSE:8267:

  • Cyclically Adjusted PB Ratio: 3.01 (49% above median its 10-year median of 2.02)
  • GF Value™: 円1,330.24 vs. price of 円1,362.50 (2.4% above fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 146.7% above the Retail - Cyclical median (#626 of 792)

No single metric tells the full story. See the TSE:8267 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AEON Co Business Description

Address 1-5-1 Nakase, Minami-ku, Chiba Prefecture, Chiba, JPN, 261-8515
AEON Co Ltd is a holding company engaged in comprehensive finance, development, and services with a focus on retail businesses. The Comprehensive Finance segment covers credit cards, banking, insurance, and related services. The Developer segment handles shopping center development, leasing, facility management, amusement, and restaurants. The Discount Store (DS) segment operates discount stores, while the General Supermarket (GMS) segment includes supermarkets and bento delicatessen specialty stores. The Health & Wellness segment runs drugstores and pharmacies. The International segment focuses on retail in ASEAN and China. Services/Specialty Store includes casual fashion, footwear, and variety goods. Supermarket (SM) operates supermarkets, convenience stores, and small outlets.
67GF Score

Get the complete analysis for TSE:8267

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

円1,362.50
Price
円1,330.24
GF Value