On The Page (TSE:9160) Cyclically Adjusted PB Ratio: 0.03 (As of Aug. 27, 2026) — Near Median

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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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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:9160 On The Page Inc TSE:9160
68 GF Score
Price 円322.00
GF Value 円471.23
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is On The Page Cyclically Adjusted PB Ratio?

On The Page TSE:9160 -2.42% 68 Cyclically Adjusted PB Ratio is 0.03 as of Aug. 27, 2026, which is at its 10-year median of 0.03. GuruFocus rates TSE:9160 with a GF Score™ of 68/100 and a GF Value™ of 円471.23 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 65 Personal Services companies, On The Page ranks better than 98.46% on this metric.

As of today (2026-08-27), On The Page's current share price is 円322.00. On The Page's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円10,047.64. On The Page's Cyclically Adjusted PB Ratio for today is 0.03.

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

TSE:9160' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.03   Max: 0.03
Current: 0.03

During the past years, On The Page's highest Cyclically Adjusted PB Ratio was 0.03. The lowest was 0.02. And the median was 0.03.

TSE:9160's Cyclically Adjusted PB Ratio is ranked better than
98.46% of 65 companies
in the Personal Services industry
Industry Median: 1.92 vs TSE:9160: 0.03

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.

On The Page's adjusted book value per share data for the three months ended in Jun. 2026 was 円362.732. 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10,047.64 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


On The Page  (TSE:9160) 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.


On The Page Cyclically Adjusted PB Ratio Related Terms


On The Page Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for On The Page'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.

On The Page Cyclically Adjusted PB Ratio Chart

On The Page Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.03 0.03

On The Page Quarterly Data
Dec15 Mar16 Jun16 Sep16 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.03 0.03 0.03 0.03 0.03

TSE:9160 vs ROL, SCI, HRB: Cyclically Adjusted PB Ratio Comparison

For the Personal Services subindustry, On The Page'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.


On The Page Cyclically Adjusted PB Ratio vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, On The Page's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:9160
68GF Score
On The Page Inc TSE:9160
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

On The Page 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.

On The Page's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=322.00/10047.64
=0.03

* 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.

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

For example, On The Page'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)
=362.732/113.6000*113.6000
=362.732

Current CPI (Jun. 2026) = 113.6000.

On The Page Quarterly Data

Book Value per Share CPI Adj_Book
201012 49,784.078 94.500 59,846.257
201103 45,914.243 94.600 55,135.920
201106 48,983.146 94.600 58,821.199
201109 47,497.806 94.700 56,977.305
201112 53,118.359 94.300 63,989.879
201203 50,277.049 95.100 60,057.547
201206 517.193 94.400 622.385
201209 499.646 94.400 601.269
201212 558.402 94.100 674.118
201303 508.801 94.200 613.586
201306 538.338 94.600 646.461
201309 521.685 95.400 621.210
201312 604.764 95.600 718.632
201403 592.542 95.700 703.373
201406 616.831 98.000 715.020
201409 585.763 98.500 675.560
201412 619.230 97.900 718.535
201503 579.873 97.900 672.866
201506 602.431 98.400 695.489
201509 594.005 98.500 685.066
201512 663.482 98.100 768.314
201603 619.440 97.900 718.778
201606 655.240 98.100 758.769
201609 640.325 98.000 742.254
202206 0.000 101.800 0.000
202209 0.000 103.100 0.000
202212 289.371 104.100 315.779
202303 0.000 104.400 0.000
202306 291.872 105.200 315.177
202309 285.488 106.200 305.381
202312 327.119 106.800 347.947
202403 316.734 107.200 335.643
202406 326.050 108.200 342.322
202412 353.870 110.700 363.140
202503 349.569 111.100 357.435
202506 362.314 111.700 368.477
202509 356.788 112.000 361.885
202512 403.185 113.000 405.326
202603 398.432 112.700 401.614
202606 362.732 113.600 362.732

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 0.03 mean?
On The Page (TSE:9160) has a Cyclically Adjusted PB Ratio of 0.03 as of Aug. 27, 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 On The Page and its competitors. This is near median its historical median of 0.03. Over the past decade, On The Page's Cyclically Adjusted PB Ratio has ranged from 0.02 to 0.03. According to the industry distribution chart, On The Page ranks #1 out of 65 companies in the Personal Services industry, placing it in the top 1.5%.
Is On The Page's Cyclically Adjusted PB Ratio too high?
On The Page's current Cyclically Adjusted PB Ratio of 0.03 is near median its 10-year median of 0.03. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.03. The Personal Services industry median Cyclically Adjusted PB Ratio is 1.92. On The Page's value of 0.03 is 98.4% below this industry median. Based on the distribution chart, On The Page ranks #1 out of 65 companies in the Personal Services industry, which is in the top quartile — a strong position relative to peers. Overall, On The Page has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does On The Page's Cyclically Adjusted PB Ratio compare to ROL and SCI?
According to the Personal Services industry distribution chart, On The Page ranks #1 out of 65 companies for Cyclically Adjusted PB Ratio. This places On The Page in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.92. On The Page's value of 0.03 is 98.4% below this benchmark. Historically, On The Page's own Cyclically Adjusted PB Ratio has ranged from 0.02 to 0.03 over the past decade. While the company's 10-year median is 0.03 vs. the industry median of 1.92, On The Page 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 Personal Services company?
The median Cyclically Adjusted PB Ratio among Personal Services companies is 1.92, based on 65 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. On The Page's current Cyclically Adjusted PB Ratio of 0.03 is 98.4% 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 On The Page and its competitors. For the Personal Services industry, the median Cyclically Adjusted PB Ratio is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. On The Page's current Cyclically Adjusted PB Ratio is 0.03, which is near median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is On The Page stock overvalued right now?
Based on GuruFocus' analysis, On The Page (TSE:9160) is currently considered Possible Value Trap. The stock's GF Value™ is 円471.23, compared to a current price of 円322.00 — trading 31.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.03, which is near median its 10-year median of 0.03 and 98.4% below the Personal Services industry median of 1.92. On The Page's overall GF Score™ is 68/100 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 On The Page (TSE:9160), the current Cyclically Adjusted PB Ratio is 0.03 as of Aug. 27, 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 On The Page (TSE:9160) Overvalued in 2026?

Based on GuruFocus' analysis, On The Page stock appears to be undervalued. The current stock price of 円322.00 is trading 31.7% below its estimated GF Value™ of 円471.23. GuruFocus considers On The Page to be Possible Value Trap.

Key valuation signals for TSE:9160:

  • Cyclically Adjusted PB Ratio: 0.03 (near median its 10-year median of 0.03)
  • GF Value™: 円471.23 vs. price of 円322.00 (31.7% below fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 98.4% below the Personal Services median (#1 of 65)

No single metric tells the full story. See the TSE:9160 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


On The Page Business Description

Address 1-8-14 Ginza, Chuo-ku, Ginza YOMIKO Building, 4th Floor, Tokyo, JPN, 104-0061
On The Page Inc offers 'Guest House' wedding services. The Company provides rental services for wedding clothing and accessories and operates restaurant business including wedding-food catering services. The services of the company include wedding planning, wedding costume business, restaurant business, hotel business, banquet business, hair and makeup business, photography, video production, floral arrangement, and other related services.
68GF Score

Get the complete analysis for TSE:9160

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

円322.00
Price
円471.23
GF Value