Subaru Enterprise Co (TSE:9632) Cyclically Adjusted PB Ratio: 1.60 (As of Aug. 08, 2026) — 45% Above Median

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TSE:9632 Subaru Enterprise Co Ltd TSE:9632
65 GF Score
Price 円3,635.00
GF Value 円3,002.50
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Subaru Enterprise Co Cyclically Adjusted PB Ratio?

Subaru Enterprise Co TSE:9632 -0.95% 65 Cyclically Adjusted PB Ratio is 1.60 as of Aug. 08, 2026, which is 45% above its 10-year median of 1.10. GuruFocus rates TSE:9632 with a GF Score™ of 65/100 and a GF Value™ of 円3,002.50 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 729 Business Services companies, Subaru Enterprise Co ranks worse than 50.48% on this metric.

As of today (2026-08-08), Subaru Enterprise Co's current share price is 円3635.00. Subaru Enterprise Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2026 was 円2,277.16. Subaru Enterprise Co's Cyclically Adjusted PB Ratio for today is 1.60.

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

TSE:9632' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.1   Max: 1.7
Current: 1.56

During the past years, Subaru Enterprise Co's highest Cyclically Adjusted PB Ratio was 1.70. The lowest was 0.76. And the median was 1.10.

TSE:9632's Cyclically Adjusted PB Ratio is ranked worse than
50.48% of 729 companies
in the Business Services industry
Industry Median: 1.54 vs TSE:9632: 1.56

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.

Subaru Enterprise Co's adjusted book value per share data for the three months ended in Jan. 2026 was 円2,862.319. 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2,277.16 for the trailing ten years ended in Jan. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Subaru Enterprise Co  (TSE:9632) 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.


Subaru Enterprise Co Cyclically Adjusted PB Ratio Related Terms


Subaru Enterprise Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Subaru Enterprise 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.

Subaru Enterprise Co Cyclically Adjusted PB Ratio Chart

Subaru Enterprise Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 1.01 1.59 1.60 1.33

Subaru Enterprise Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 1.53 1.41 1.47 1.33 0.00

TSE:9632 vs CTAS, CPRT, GPN: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, Subaru Enterprise 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.


Subaru Enterprise Co Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Subaru Enterprise Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Subaru Enterprise Co's Cyclically Adjusted PB Ratio falls into.


TSE:9632
65GF Score
Subaru Enterprise Co Ltd TSE:9632
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Subaru Enterprise 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.

Subaru Enterprise Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3635.00/2277.16
=1.60

* 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.

Subaru Enterprise Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2026 is calculated as:

For example, Subaru Enterprise Co's adjusted Book Value per Share data for the three months ended in Jan. 2026 was:

Adj_Book=Book Value per Share/CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=2862.319/112.9000*112.9000
=2,862.319

Current CPI (Jan. 2026) = 112.9000.

Subaru Enterprise Co Quarterly Data

Book Value per Share CPI Adj_Book
201601 1,367.565 97.700 1,580.328
201604 1,411.585 98.100 1,624.546
201607 1,426.812 97.900 1,645.425
201610 1,434.684 98.600 1,642.757
201701 1,466.435 98.200 1,685.952
201704 1,524.743 98.500 1,747.650
201707 1,558.348 98.300 1,789.802
201710 1,568.657 98.800 1,792.524
201801 1,603.640 99.500 1,819.608
201804 1,644.222 99.100 1,873.185
201807 1,669.464 99.200 1,900.025
201810 1,703.838 100.200 1,919.794
201901 1,723.202 99.700 1,951.349
201904 1,815.637 100.000 2,049.854
201907 1,869.465 99.800 2,114.856
201910 1,891.663 100.400 2,127.179
202001 1,932.412 100.500 2,170.839
202004 1,966.907 100.200 2,216.206
202007 2,015.513 100.000 2,275.514
202010 2,020.240 99.800 2,285.422
202101 2,059.325 99.800 2,329.637
202104 2,102.725 99.100 2,395.536
202107 2,145.676 99.700 2,429.757
202110 2,163.506 99.900 2,445.043
202201 2,224.099 100.300 2,503.497
202204 2,279.694 101.500 2,535.738
202207 2,338.670 102.300 2,580.996
202210 2,363.294 103.700 2,572.959
202301 2,418.589 104.700 2,608.010
202304 2,455.050 105.100 2,637.252
202307 2,510.199 105.700 2,681.187
202310 2,550.151 107.100 2,688.254
202401 2,596.940 106.900 2,742.699
202404 2,626.467 107.700 2,753.279
202407 2,677.518 108.600 2,783.534
202501 2,754.310 111.200 2,796.417
202504 2,809.571 111.500 2,844.848
202507 2,862.764 111.900 2,888.347
202510 2,791.865 112.800 2,794.340
202601 2,862.319 112.900 2,862.319

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 1.60 mean?
Subaru Enterprise Co (TSE:9632) has a Cyclically Adjusted PB Ratio of 1.60 as of Aug. 08, 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 Subaru Enterprise Co and its competitors. This is 45% above median its historical median of 1.10. Over the past decade, Subaru Enterprise Co's Cyclically Adjusted PB Ratio has ranged from 0.76 to 1.70. According to the industry distribution chart, Subaru Enterprise Co ranks #368 out of 729 companies in the Business Services industry, placing it in the top 50.5%.
Is Subaru Enterprise Co's Cyclically Adjusted PB Ratio too high?
Subaru Enterprise Co's current Cyclically Adjusted PB Ratio of 1.60 is 45% above median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 1.70. The Business Services industry median Cyclically Adjusted PB Ratio is 1.54. Subaru Enterprise Co's value of 1.60 is 3.9% above this industry median. Based on the distribution chart, Subaru Enterprise Co ranks #368 out of 729 companies in the Business Services industry, which is below the industry midpoint. Overall, Subaru Enterprise Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Subaru Enterprise Co's Cyclically Adjusted PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Subaru Enterprise Co ranks #368 out of 729 companies for Cyclically Adjusted PB Ratio. This places Subaru Enterprise Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. Subaru Enterprise Co's value of 1.60 is 3.9% above this benchmark. Historically, Subaru Enterprise Co's own Cyclically Adjusted PB Ratio has ranged from 0.76 to 1.70 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 1.54, Subaru Enterprise 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.54, based on 729 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. Subaru Enterprise Co's current Cyclically Adjusted PB Ratio of 1.60 is 3.9% 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 Subaru Enterprise Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Subaru Enterprise Co's current Cyclically Adjusted PB Ratio is 1.60, which is 45% above median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subaru Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Subaru Enterprise Co (TSE:9632) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,002.50, compared to a current price of 円3,635.00 — trading 21.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.60, which is 45% above median its 10-year median of 1.10 and 3.9% above the Business Services industry median of 1.54. Subaru Enterprise Co's overall GF Score™ is 65/100 with 3 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 Subaru Enterprise Co (TSE:9632), the current Cyclically Adjusted PB Ratio is 1.60 as of Aug. 08, 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 Subaru Enterprise Co (TSE:9632) Overvalued in 2026?

Based on GuruFocus' analysis, Subaru Enterprise Co stock appears to be overvalued. The current stock price of 円3,635.00 is trading 21.1% above its estimated GF Value™ of 円3,002.50. GuruFocus considers Subaru Enterprise Co to be Modestly Overvalued.

Key valuation signals for TSE:9632:

  • Cyclically Adjusted PB Ratio: 1.60 (45% above median its 10-year median of 1.10)
  • GF Value™: 円3,002.50 vs. price of 円3,635.00 (21.1% above fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 3.9% above the Business Services median (#368 of 729)

No single metric tells the full story. See the TSE:9632 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Subaru Enterprise Co Business Description

Address 1-5-2 Yurakucho, 9th Floor, Toho Hibiya Promenade Building, Chiyoda-ku, Tokyo, JPN
Subaru Enterprise Co Ltd is a Japan-based company. Its business is divided into the following reportable segments: Road related business, Leisure business, and Real estate business. Road related business offers maintenance and cleaning of roads and road incidental facilities, contracting repair work, contracted operation of highway facilities, and photovoltaic power generation business. Leisure business involves customer service businesses such as food and beverage, and retail sales, as well as the management and operation of marinas, and the Real estate business is engaged in the real estate rental business. Maximum revenue for the group is generated from its Road related business.
65GF Score

Get the complete analysis for TSE:9632

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

円3,635.00
Price
円3,002.50
GF Value