Bank of The RyukyusLtd (TSE:8399) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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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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:8399 Bank of The RyukyusLtd TSE:8399
49 GF Score
Price 円3,325.00
GF Value 円1,520.17
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Bank of The RyukyusLtd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of The RyukyusLtd  (TSE:8399) 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.


Bank of The RyukyusLtd Cyclically Adjusted PB Ratio Related Terms


Bank of The RyukyusLtd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bank of The RyukyusLtd'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.

Bank of The RyukyusLtd Cyclically Adjusted PB Ratio Chart

Bank of The RyukyusLtd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.30 0.37 0.34 0.64

Bank of The RyukyusLtd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.34 0.43 0.53 0.64 0.74

Bank of The RyukyusLtd Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Bank of The RyukyusLtd'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.


Bank of The RyukyusLtd Cyclically Adjusted PB Ratio vs Banks Industry

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

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


TSE:8399
49GF Score
Bank of The RyukyusLtd TSE:8399
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank of The RyukyusLtd 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.

Bank of The RyukyusLtd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bank of The RyukyusLtd's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3575.22/113.6000*113.6000
=3,575.220

Current CPI (Jun. 2026) = 113.6000.

Bank of The RyukyusLtd Quarterly Data

Book Value per Share CPI Adj_Book
201609 2,932.980 98.000 3,399.863
201612 2,924.437 98.400 3,376.179
201703 2,913.185 98.100 3,373.474
201706 2,969.284 98.500 3,424.474
201709 2,977.943 98.800 3,424.032
201712 3,019.824 99.400 3,451.227
201803 3,084.303 99.200 3,532.024
201806 3,080.295 99.200 3,527.435
201809 2,937.554 99.900 3,340.402
201812 2,899.568 99.700 3,303.821
201903 2,989.280 99.700 3,406.040
201906 3,016.639 99.800 3,433.769
201909 3,042.843 100.100 3,453.216
201912 3,014.466 100.500 3,407.396
202003 3,027.414 100.300 3,428.856
202006 3,027.377 99.900 3,442.543
202009 3,047.660 99.900 3,465.607
202012 3,065.154 99.300 3,506.561
202103 3,066.511 99.900 3,487.044
202106 3,091.302 99.500 3,529.366
202109 3,164.801 100.100 3,591.622
202112 3,191.038 100.100 3,621.398
202203 3,183.029 101.100 3,576.579
202206 3,170.822 101.800 3,538.363
202209 3,175.678 103.100 3,499.098
202212 3,168.803 104.100 3,457.983
202303 3,325.253 104.400 3,618.283
202306 3,332.672 105.200 3,598.779
202309 3,317.662 106.200 3,548.836
202312 3,402.230 106.800 3,618.851
202403 3,421.432 107.200 3,625.697
202406 3,392.465 108.200 3,561.775
202409 3,465.673 108.900 3,615.248
202412 3,424.233 110.700 3,513.937
202503 3,381.362 111.100 3,457.450
202506 3,508.704 111.700 3,568.387
202509 3,567.270 112.000 3,618.231
202512 3,562.838 113.000 3,581.756
202603 3,548.821 112.700 3,577.161
202606 3,575.220 113.600 3,575.220

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.

Is Bank of The RyukyusLtd (TSE:8399) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of The RyukyusLtd stock appears to be overvalued. The current stock price of 円3,325.00 is trading 118.7% above its estimated GF Value™ of 円1,520.17. GuruFocus considers Bank of The RyukyusLtd to be Significantly Overvalued.

Key valuation signals for TSE:8399:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円1,520.17 vs. price of 円3,325.00 (118.7% above fair value)
  • GF Score™: 49/100 with 4 warning signs

No single metric tells the full story. See the TSE:8399 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank of The RyukyusLtd Business Description

Address 2-1 Higashimachi, Okinawa, Naha Port Building, Naha, JPN, 900-0034
Bank of The RyukyusLtd is a banking and financial services group operating primarily in the Okinawa Prefecture. It was founded during the post-World War II era by ordinance of the U.S. military government for purposes of restoring financial order and stabilizing the currency given the region's importance. At present, it continues its regional strategic-orientation and provides a host of financial services to consumers and small to medium-size businesses in tourism-dependent Okinawa. These include general leasing, housing loans, debt guaranty, insurance, cash inspection and dispensing, credit cards and financing, clerical services, and surveys and research.
49GF Score

Get the complete analysis for TSE:8399

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

円3,325.00
Price
円1,520.17
GF Value