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The Kosei Securities CoTSE:8617 -0.35%60 Cyclically Adjusted PB Ratio is 0.30 as of Aug. 14, 2026, which is 3% above its 10-year median of 0.29. GuruFocus rates TSE:8617 with a GF Score™ of 60/100 and a GF Value™ of 円851.58 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 599 Capital Markets companies, The Kosei Securities Co ranks better than 89.65% on this metric.
The historical rank and industry rank for The Kosei Securities Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:8617'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.29 Max: 0.68
Current: 0.3
During the past years, The Kosei Securities Co's highest Cyclically Adjusted PB Ratio was 0.68. The lowest was 0.19. And the median was 0.29.
TSE:8617's Cyclically Adjusted PB Ratio is ranked better than 89.65% of 599
companies
in the Capital Markets industry
Industry Median: 1.28
vs TSE:8617: 0.30
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.
The Kosei Securities Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,720.847. 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1,911.32 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
The Kosei Securities Co (TSE:8617) 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 Kosei Securities Co Cyclically Adjusted PB Ratio Related Terms
The Kosei Securities Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for The Kosei Securities 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.
The Kosei Securities Co Cyclically Adjusted PB Ratio Chart
TSE:8617 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison
For the Capital Markets subindustry, The Kosei Securities 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.
The Kosei Securities Co Cyclically Adjusted PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, The Kosei Securities Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where The Kosei Securities Co's Cyclically Adjusted PB Ratio falls into.
The Kosei Securities 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.
* 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.
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 0.30 mean?
The Kosei Securities Co (TSE:8617) has a Cyclically Adjusted PB Ratio of 0.30 as of Aug. 14, 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 The Kosei Securities Co and its competitors. This is near median its historical median of 0.29. Over the past decade, The Kosei Securities Co's Cyclically Adjusted PB Ratio has ranged from 0.19 to 0.68. According to the industry distribution chart, The Kosei Securities Co ranks #62 out of 599 companies in the Capital Markets industry, placing it in the top 10.4%.
Is The Kosei Securities Co's Cyclically Adjusted PB Ratio too high?
The Kosei Securities Co's current Cyclically Adjusted PB Ratio of 0.30 is near median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.68. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.28. The Kosei Securities Co's value of 0.30 is 76.6% below this industry median. Based on the distribution chart, The Kosei Securities Co ranks #62 out of 599 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, The Kosei Securities Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Kosei Securities Co's Cyclically Adjusted PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, The Kosei Securities Co ranks #62 out of 599 companies for Cyclically Adjusted PB Ratio. This places The Kosei Securities Co in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.28. The Kosei Securities Co's value of 0.30 is 76.6% below this benchmark. Historically, The Kosei Securities Co's own Cyclically Adjusted PB Ratio has ranged from 0.19 to 0.68 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.28, The Kosei Securities 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.28, based on 599 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. The Kosei Securities Co's current Cyclically Adjusted PB Ratio of 0.30 is 76.6% 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 The Kosei Securities Co and its competitors. For the Capital Markets 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. The Kosei Securities Co's current Cyclically Adjusted PB Ratio is 0.30, which is near median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Kosei Securities Co stock overvalued right now?
Based on GuruFocus' analysis, The Kosei Securities Co (TSE:8617) is currently considered Possible Value Trap. The stock's GF Value™ is 円851.58, compared to a current price of 円571.00 — trading 32.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.30, which is near median its 10-year median of 0.29 and 76.6% below the Capital Markets industry median of 1.28. The Kosei Securities Co's overall GF Score™ is 60/100 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 The Kosei Securities Co (TSE:8617), the current Cyclically Adjusted PB Ratio is 0.30 as of Aug. 14, 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 The Kosei Securities Co (TSE:8617) Overvalued in 2026?
Based on GuruFocus' analysis, The Kosei Securities Co stock appears to be undervalued.
The current stock price of 円571.00 is trading 32.9% below its estimated GF Value™ of 円851.58.
GuruFocus considers The Kosei Securities Co to be Possible Value Trap.
Key valuation signals for TSE:8617:
Cyclically Adjusted PB Ratio: 0.30 (near median its 10-year median of 0.29)
GF Value™: 円851.58 vs. price of 円571.00 (32.9% below fair value)
Industry Position: 76.6% below the Capital Markets median (#62 of 599)
No single metric tells the full story. See the TSE:8617 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Kosei Securities Co Ltd operates in the capital market industry. The company provides brokerage service, underwriting service, and other services related to securities.
60GF Score
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