Bell-Park Co (TSE:9441) Cyclically Adjusted PB Ratio: 1.81 (As of Aug. 15, 2026) — Near Median

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TSE:9441 Bell-Park Co Ltd TSE:9441
82 GF Score
Price 円2,867.00
GF Value 円2,360.22
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Bell-Park Co Cyclically Adjusted PB Ratio?

Bell-Park Co TSE:9441 +0.03% 82 Cyclically Adjusted PB Ratio is 1.81 as of Aug. 15, 2026, which is 3% above its 10-year median of 1.76. GuruFocus rates TSE:9441 with a GF Score™ of 82/100 and a GF Value™ of 円2,360.22 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 794 Retail - Cyclical companies, Bell-Park Co ranks worse than 63.85% on this metric.

As of today (2026-08-15), Bell-Park Co's current share price is 円2867.00. Bell-Park Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円1,584.49. Bell-Park Co's Cyclically Adjusted PB Ratio for today is 1.81.

The historical rank and industry rank for Bell-Park Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:9441' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.09   Med: 1.76   Max: 2.77
Current: 1.8

During the past years, Bell-Park Co's highest Cyclically Adjusted PB Ratio was 2.77. The lowest was 1.09. And the median was 1.76.

TSE:9441's Cyclically Adjusted PB Ratio is ranked worse than
63.85% of 794 companies
in the Retail - Cyclical industry
Industry Median: 1.205 vs TSE:9441: 1.80

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.

Bell-Park Co's adjusted book value per share data for the three months ended in Jun. 2026 was 円2,423.001. 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1,584.49 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bell-Park Co  (TSE:9441) 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.


Bell-Park Co Cyclically Adjusted PB Ratio Related Terms


Bell-Park Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bell-Park 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.

Bell-Park Co Cyclically Adjusted PB Ratio Chart

Bell-Park Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.58 1.69 1.36 1.21 1.76

Bell-Park Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 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 1.33 1.90 1.76 1.91 1.58

TSE:9441 vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Bell-Park 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.


Bell-Park Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Bell-Park Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bell-Park Co's Cyclically Adjusted PB Ratio falls into.


TSE:9441
82GF Score
Bell-Park Co Ltd TSE:9441
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bell-Park 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.

Bell-Park Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2867.00/1584.49
=1.81

* 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.

Bell-Park Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bell-Park Co'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)
=2423.001/113.6000*113.6000
=2,423.001

Current CPI (Jun. 2026) = 113.6000.

Bell-Park Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 892.772 98.100 1,033.832
201609 898.102 98.000 1,041.065
201612 931.416 98.400 1,075.293
201703 956.309 98.100 1,107.408
201706 971.793 98.500 1,120.768
201709 980.388 98.800 1,127.248
201712 1,021.552 99.400 1,167.488
201803 1,053.487 99.200 1,206.413
201806 1,075.566 99.200 1,231.697
201809 1,077.116 99.900 1,224.829
201812 1,108.863 99.700 1,263.459
201903 1,158.568 99.700 1,320.094
201906 1,179.455 99.800 1,342.546
201909 1,199.123 100.100 1,360.843
201912 1,241.580 100.500 1,403.418
202003 1,315.288 100.300 1,489.698
202006 1,337.682 99.900 1,521.128
202009 1,355.646 99.900 1,541.555
202012 1,385.666 99.300 1,585.213
202103 1,434.571 99.900 1,631.304
202106 1,470.566 99.500 1,678.958
202109 1,465.855 100.100 1,663.548
202112 1,495.312 100.100 1,696.977
202203 1,525.582 101.100 1,714.205
202206 1,559.301 101.800 1,740.045
202209 1,562.786 103.100 1,721.945
202212 1,576.883 104.100 1,720.787
202303 1,624.665 104.400 1,767.835
202306 1,645.601 105.200 1,776.999
202309 1,646.268 106.200 1,760.980
202312 1,659.149 106.800 1,764.788
202403 1,710.676 107.200 1,812.806
202406 1,739.373 108.200 1,826.181
202412 1,775.737 110.700 1,822.256
202503 1,835.923 111.100 1,877.235
202506 2,110.013 111.700 2,145.904
202509 2,115.830 112.000 2,146.056
202512 2,201.682 113.000 2,213.372
202603 2,292.230 112.700 2,310.535
202606 2,423.001 113.600 2,423.001

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 1.81 mean?
Bell-Park Co (TSE:9441) has a Cyclically Adjusted PB Ratio of 1.81 as of Aug. 15, 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 Bell-Park Co and its competitors. This is near median its historical median of 1.76. Over the past decade, Bell-Park Co's Cyclically Adjusted PB Ratio has ranged from 1.09 to 2.77. According to the industry distribution chart, Bell-Park Co ranks #507 out of 794 companies in the Retail - Cyclical industry, placing it in the top 63.9%.
Is Bell-Park Co's Cyclically Adjusted PB Ratio too high?
Bell-Park Co's current Cyclically Adjusted PB Ratio of 1.81 is near median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 2.77. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.21. Bell-Park Co's value of 1.81 is 50.2% above this industry median. Based on the distribution chart, Bell-Park Co ranks #507 out of 794 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Bell-Park Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bell-Park Co's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Bell-Park Co ranks #507 out of 794 companies for Cyclically Adjusted PB Ratio. This places Bell-Park Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Bell-Park Co's value of 1.81 is 50.2% above this benchmark. Historically, Bell-Park Co's own Cyclically Adjusted PB Ratio has ranged from 1.09 to 2.77 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 1.21, Bell-Park Co has consistently been above 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.21, based on 794 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. Bell-Park Co's current Cyclically Adjusted PB Ratio of 1.81 is 50.2% above 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 Bell-Park Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bell-Park Co's current Cyclically Adjusted PB Ratio is 1.81, which is near median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bell-Park Co stock overvalued right now?
Based on GuruFocus' analysis, Bell-Park Co (TSE:9441) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,360.22, compared to a current price of 円2,867.00 — trading 21.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.81, which is near median its 10-year median of 1.76 and 50.2% above the Retail - Cyclical industry median of 1.21. Bell-Park Co's overall GF Score™ is 82/100 with 2 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 Bell-Park Co (TSE:9441), the current Cyclically Adjusted PB Ratio is 1.81 as of Aug. 15, 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 Bell-Park Co (TSE:9441) Overvalued in 2026?

Based on GuruFocus' analysis, Bell-Park Co stock appears to be overvalued. The current stock price of 円2,867.00 is trading 21.5% above its estimated GF Value™ of 円2,360.22. GuruFocus considers Bell-Park Co to be Modestly Overvalued.

Key valuation signals for TSE:9441:

  • Cyclically Adjusted PB Ratio: 1.81 (near median its 10-year median of 1.76)
  • GF Value™: 円2,360.22 vs. price of 円2,867.00 (21.5% above fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 50.2% above the Retail - Cyclical median (#507 of 794)

No single metric tells the full story. See the TSE:9441 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bell-Park Co Business Description

Address 1-4-12, Hirakawacho, 6th, 7th, 8th, 9th Floor, Hirakawacho Center Building, Chiyoda-ku, Tokyo, JPN, 102-0093
Bell-Park Co Ltd is engaged in the selling of mobile communication handsets and buying, selling, repair, and maintenance of mobile communication handsets, and other office equipment. The Group operates in a single segment, which is the Information and Communications Equipment Sales and Services Business.
82GF Score

Get the complete analysis for TSE:9441

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

円2,867.00
Price
円2,360.22
GF Value