Fuji Co (TSE:8278) Cyclically Adjusted PB Ratio: 0.82 (As of Aug. 21, 2026) — 13% 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:8278 Fuji Co Ltd TSE:8278
63 GF Score
Price 円2,094.00
! 4 Warning Signs
View Full Analysis

What is Fuji Co Cyclically Adjusted PB Ratio?

Fuji Co TSE:8278 +1.16% 63 Cyclically Adjusted PB Ratio is 0.82 as of Aug. 21, 2026, which is 13% below its 10-year median of 0.94. GuruFocus rates TSE:8278 with a GF Score™ of 63/100. The stock has 4 warning signs investors should review. Among 786 Retail - Cyclical companies, Fuji Co ranks better than 64.89% on this metric.

As of today (2026-08-21), Fuji Co's current share price is 円2094.00. Fuji Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円2,548.45. Fuji Co's Cyclically Adjusted PB Ratio for today is 0.82.

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

TSE:8278' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 0.94   Max: 1.41
Current: 0.79

During the past years, Fuji Co's highest Cyclically Adjusted PB Ratio was 1.41. The lowest was 0.69. And the median was 0.94.

TSE:8278's Cyclically Adjusted PB Ratio is ranked better than
64.89% of 786 companies
in the Retail - Cyclical industry
Industry Median: 1.22 vs TSE:8278: 0.79

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.

Fuji Co's adjusted book value per share data for the three months ended in Feb. 2026 was 円2,619.290. 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2,548.45 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuji Co  (TSE:8278) 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.


Fuji Co Cyclically Adjusted PB Ratio Related Terms


Fuji Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fuji 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.

Fuji Co Cyclically Adjusted PB Ratio Chart

Fuji 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 1.50 0.80 0.81 0.83 0.82

Fuji 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 0.81 0.79 0.82 0.82 0.00

TSE:8278 vs DDS: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Fuji 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.


Fuji Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


TSE:8278
63GF Score
Fuji Co Ltd TSE:8278
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fuji 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2094.00/2548.45
=0.82

* 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.

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

For example, Fuji 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)
=2619.29/112.2000*112.2000
=2,619.290

Current CPI (Feb. 2026) = 112.2000.

Fuji Co Quarterly Data

Book Value per Share CPI Adj_Book
201605 1,892.142 98.200 2,161.897
201608 1,887.182 97.900 2,162.838
201611 1,940.870 98.600 2,208.576
201702 1,998.356 98.100 2,285.581
201705 2,045.949 98.600 2,328.149
201708 2,101.196 98.500 2,393.444
201711 2,149.045 99.100 2,433.127
201802 2,201.135 99.500 2,482.084
201805 2,225.228 99.300 2,514.306
201808 2,219.917 99.800 2,495.738
201811 2,242.231 100.000 2,515.783
201902 2,231.296 99.700 2,511.047
201905 2,266.480 100.000 2,542.991
201908 2,273.308 100.000 2,550.652
201911 2,313.174 100.500 2,582.469
202002 2,307.360 100.300 2,581.115
202005 2,332.294 100.100 2,614.220
202008 2,382.556 100.100 2,670.557
202011 2,438.449 99.500 2,749.688
202102 2,453.993 99.800 2,758.898
202105 2,474.371 99.400 2,793.002
202108 2,512.612 99.700 2,827.634
202111 2,518.872 100.100 2,823.351
202202 2,494.793 100.700 2,779.700
202205 2,369.722 101.800 2,611.815
202208 2,385.204 102.700 2,605.841
202211 2,377.382 103.900 2,567.298
202302 2,412.711 104.000 2,602.944
202305 2,419.794 105.100 2,583.262
202308 2,449.892 105.900 2,595.636
202311 2,444.265 106.900 2,565.449
202402 2,490.595 106.900 2,614.076
202405 2,483.678 108.100 2,577.879
202408 2,511.131 109.100 2,582.483
202411 2,502.626 110.000 2,552.679
202502 2,513.128 110.800 2,544.882
202505 2,506.065 111.800 2,515.031
202508 2,533.071 112.100 2,535.331
202511 2,519.660 113.200 2,497.402
202602 2,619.290 112.200 2,619.290

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 0.82 mean?
Fuji Co (TSE:8278) has a Cyclically Adjusted PB Ratio of 0.82 as of Aug. 21, 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 Fuji Co and its competitors. This is 13% below median its historical median of 0.94. Over the past decade, Fuji Co's Cyclically Adjusted PB Ratio has ranged from 0.69 to 1.41. According to the industry distribution chart, Fuji Co ranks #276 out of 786 companies in the Retail - Cyclical industry, placing it in the top 35.1%.
Is Fuji Co's Cyclically Adjusted PB Ratio too high?
Fuji Co's current Cyclically Adjusted PB Ratio of 0.82 is 13% below median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.41. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.22. Fuji Co's value of 0.82 is 32.8% below this industry median. Based on the distribution chart, Fuji Co ranks #276 out of 786 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Fuji Co has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Fuji Co's Cyclically Adjusted PB Ratio compare to DDS?
According to the Retail - Cyclical industry distribution chart, Fuji Co ranks #276 out of 786 companies for Cyclically Adjusted PB Ratio. This puts Fuji Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.22. Fuji Co's value of 0.82 is 32.8% below this benchmark. Historically, Fuji Co's own Cyclically Adjusted PB Ratio has ranged from 0.69 to 1.41 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 1.22, Fuji 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 1.22, 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. Fuji Co's current Cyclically Adjusted PB Ratio of 0.82 is 32.8% 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 Fuji 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. Fuji Co's current Cyclically Adjusted PB Ratio is 0.82, which is 13% below median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuji Co stock overvalued right now?
Fuji Co (TSE:8278) has a current Cyclically Adjusted PB Ratio of 0.82. The current Cyclically Adjusted PB Ratio is 0.82, which is 13% below median its 10-year median of 0.94 and 32.8% below the Retail - Cyclical industry median of 1.22. Fuji Co's overall GF Score™ is 63/100 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 Fuji Co (TSE:8278), the current Cyclically Adjusted PB Ratio is 0.82 as of Aug. 21, 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.

Fuji Co Business Description

Address No. 1-2-1 Miyanishi, Ehime Prefecture, Matsuyama, JPN, 790-8567
Fuji Co Ltd is a Japan-based company mainly engaged in retail and retail-related business. It provides a wide range of merchandise, including foods, vegetables, apparel, cosmetics, groceries, and daily goods, as well as sale and rental of books, DVDs, and CDs. The retail-related business includes the manufacturing, processing, and sale of food products. The company also operates a real estate leasing business, a general travel business, and others. It is headquartered in Matsuyama, Japan.
63GF Score

Get the complete analysis for TSE:8278

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

円2,094.00
Price