TOMONY Holdings (TSE:8600) Cyclically Adjusted PB Ratio: 0.66 (As of Aug. 11, 2026) — 136% Above Median

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TSE:8600 TOMONY Holdings Inc TSE:8600
48 GF Score
Price 円1,030.00
GF Value 円444.80
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is TOMONY Holdings Cyclically Adjusted PB Ratio?

TOMONY Holdings TSE:8600 -4.45% 48 Cyclically Adjusted PB Ratio is 0.66 as of Aug. 11, 2026, which is 136% above its 10-year median of 0.28. GuruFocus rates TSE:8600 with a GF Score™ of 48/100 and a GF Value™ of 円444.80 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,287 Banks companies, TOMONY Holdings ranks better than 79.33% on this metric.

As of today (2026-08-11), TOMONY Holdings's current share price is 円1030.00. TOMONY Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,568.78. TOMONY Holdings's Cyclically Adjusted PB Ratio for today is 0.66.

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

TSE:8600' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.28   Max: 0.69
Current: 0.69

During the past years, TOMONY Holdings's highest Cyclically Adjusted PB Ratio was 0.69. The lowest was 0.23. And the median was 0.28.

TSE:8600's Cyclically Adjusted PB Ratio is ranked better than
79.33% of 1287 companies
in the Banks industry
Industry Median: 1.28 vs TSE:8600: 0.69

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.

TOMONY Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,534.882. 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1,568.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TOMONY Holdings  (TSE:8600) 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.


TOMONY Holdings Cyclically Adjusted PB Ratio Related Terms


TOMONY Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TOMONY Holdings'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.

TOMONY Holdings Cyclically Adjusted PB Ratio Chart

TOMONY Holdings 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 0.25 0.25 0.29 0.35 0.52

TOMONY Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.35 0.35 0.43 0.50 0.52

TOMONY Holdings Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, TOMONY Holdings'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.


TOMONY Holdings Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, TOMONY Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:8600
48GF Score
TOMONY Holdings Inc TSE:8600
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOMONY Holdings 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.

TOMONY Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1030.00/1568.78
=0.66

* 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.

TOMONY Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, TOMONY Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1534.882/112.7000*112.7000
=1,534.882

Current CPI (Mar. 2026) = 112.7000.

TOMONY Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,228.990 98.100 1,411.898
201609 1,239.344 98.000 1,425.246
201612 1,285.916 98.400 1,472.792
201703 1,279.053 98.100 1,469.412
201706 1,299.452 98.500 1,486.784
201709 1,329.427 98.800 1,516.462
201712 1,354.060 99.400 1,535.237
201803 1,326.178 99.200 1,506.656
201806 1,343.552 99.200 1,526.394
201809 1,361.839 99.900 1,536.329
201812 1,339.024 99.700 1,513.621
201903 1,380.319 99.700 1,560.300
201906 1,406.671 99.800 1,588.495
201909 1,460.659 100.100 1,644.518
201912 1,465.310 100.500 1,643.188
202003 1,368.782 100.300 1,538.003
202006 1,416.685 99.900 1,598.202
202009 1,439.682 99.900 1,624.146
202012 1,461.678 99.300 1,658.924
202103 1,502.517 99.900 1,695.032
202106 1,543.577 99.500 1,748.353
202109 1,548.265 100.100 1,743.152
202112 1,566.151 100.100 1,763.289
202203 1,514.147 101.100 1,687.877
202206 1,476.990 101.800 1,635.135
202209 1,461.128 103.100 1,597.179
202212 1,475.843 104.100 1,597.767
202303 1,512.971 104.400 1,633.255
202306 1,548.748 105.200 1,659.163
202309 1,541.505 106.200 1,635.853
202312 1,397.326 106.800 1,474.519
202403 1,431.982 107.200 1,505.451
202406 0.000 108.200 0.000
202409 1,470.821 108.900 1,522.144
202412 1,470.966 110.700 1,497.542
202503 1,463.764 111.100 1,484.844
202506 1,492.887 111.700 1,506.252
202509 1,488.345 112.000 1,497.647
202512 1,510.654 113.000 1,506.643
202603 1,534.882 112.700 1,534.882

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 0.66 mean?
TOMONY Holdings (TSE:8600) has a Cyclically Adjusted PB Ratio of 0.66 as of Aug. 11, 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 TOMONY Holdings and its competitors. This is 136% above median its historical median of 0.28. Over the past decade, TOMONY Holdings' Cyclically Adjusted PB Ratio has ranged from 0.23 to 0.69. According to the industry distribution chart, TOMONY Holdings ranks #266 out of 1287 companies in the Banks industry, placing it in the top 20.7%.
Is TOMONY Holdings' Cyclically Adjusted PB Ratio too high?
TOMONY Holdings' current Cyclically Adjusted PB Ratio of 0.66 is 136% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.69. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. TOMONY Holdings' value of 0.66 is 48.4% below this industry median. Based on the distribution chart, TOMONY Holdings ranks #266 out of 1287 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, TOMONY Holdings has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOMONY Holdings' Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, TOMONY Holdings ranks #266 out of 1287 companies for Cyclically Adjusted PB Ratio. This places TOMONY Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.28. TOMONY Holdings' value of 0.66 is 48.4% below this benchmark. Historically, TOMONY Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.23 to 0.69 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 1.28, TOMONY Holdings 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.28, based on 1,287 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. TOMONY Holdings's current Cyclically Adjusted PB Ratio of 0.66 is 48.4% 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 TOMONY Holdings and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOMONY Holdings's current Cyclically Adjusted PB Ratio is 0.66, which is 136% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOMONY Holdings stock overvalued right now?
Based on GuruFocus' analysis, TOMONY Holdings (TSE:8600) is currently considered Significantly Overvalued. The stock's GF Value™ is 円444.80, compared to a current price of 円1,030.00 — trading 131.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.66, which is 136% above median its 10-year median of 0.28 and 48.4% below the Banks industry median of 1.28. TOMONY Holdings' overall GF Score™ is 48/100 with 8 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 TOMONY Holdings (TSE:8600), the current Cyclically Adjusted PB Ratio is 0.66 as of Aug. 11, 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 TOMONY Holdings (TSE:8600) Overvalued in 2026?

Based on GuruFocus' analysis, TOMONY Holdings stock appears to be overvalued. The current stock price of 円1,030.00 is trading 131.6% above its estimated GF Value™ of 円444.80. GuruFocus considers TOMONY Holdings to be Significantly Overvalued.

Key valuation signals for TSE:8600:

  • Cyclically Adjusted PB Ratio: 0.66 (136% above median its 10-year median of 0.28)
  • GF Value™: 円444.80 vs. price of 円1,030.00 (131.6% above fair value)
  • GF Score™: 48/100 with 8 warning signs
  • Industry Position: 48.4% below the Banks median (#266 of 1287)

No single metric tells the full story. See the TSE:8600 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOMONY Holdings Business Description

Address 7-1, Kamei-cho, Takamatsu-shi, JPN, 760-0050
TOMONY Holdings Inc is engaged in providing banking services.
48GF Score

Get the complete analysis for TSE:8600

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

円1,030.00
Price
円444.80
GF Value