The Bank Of Japan (TSE:8301) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:8301 The Bank Of Japan TSE:8301
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What is The Bank Of Japan Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Bank Of Japan  (TSE:8301) 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.


The Bank Of Japan Cyclically Adjusted PB Ratio Related Terms


The Bank Of Japan Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for The Bank Of Japan'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.

The Bank Of Japan Cyclically Adjusted PB Ratio Chart

The Bank Of Japan Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
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The Bank Of Japan Semi-Annual Data
Mar16 Sep16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.00 0.00 0.00 0.00 0.00

TSE:8301 vs CCSB, TCNB, SUGR: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, The Bank Of Japan'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.


The Bank Of Japan Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, The Bank Of Japan's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The Bank Of Japan's Cyclically Adjusted PB Ratio falls into.


TSE:8301
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The Bank Of Japan TSE:8301
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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The Bank Of Japan 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.

The Bank Of Japan's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, The Bank Of Japan's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=0/112.7000*112.7000
=0.000

Current CPI (Mar26) = 112.7000.

The Bank Of Japan Annual Data

Book Value per Share CPI Adj_Book
201703 0.000 98.100 0.000
201803 0.000 99.200 0.000
201903 0.000 99.700 0.000
202003 0.000 100.300 0.000
202103 0.000 99.900 0.000
202203 0.000 101.100 0.000
202303 0.000 104.400 0.000
202403 0.000 107.200 0.000
202503 0.000 111.100 0.000
202603 0.000 112.700 0.000

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.


The Bank Of Japan Business Description

Address 2-1-1 Nihonbashi-Hongokucho, Chuo-ku, Tokyo, JPN, 103-0021
The Bank Of Japan is the central bank of Japan. It issues banknotes and carries out currency and monetary control. The company operations include a Medium-term Management Plan, monetary policy, financial system, settlement/market, banknotes/national treasury/government bonds, international finance, research/research and statistics.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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