Nagase Brothers (TSE:9733) Cyclically Adjusted PB Ratio: 2.43 (As of Aug. 02, 2026) — 21% Below Median

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TSE:9733 Nagase Brothers Inc TSE:9733
83 GF Score
Price 円2,339.00
GF Value 円2,335.09
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Nagase Brothers Cyclically Adjusted PB Ratio?

Nagase Brothers TSE:9733 +0.13% 83 Cyclically Adjusted PB Ratio is 2.43 as of Aug. 02, 2026, which is 21% below its 10-year median of 3.09. GuruFocus rates TSE:9733 with a GF Score™ of 83/100 and a GF Value™ of 円2,335.09 (Fairly Valued). The stock has 5 warning signs investors should review. Among 161 Education companies, Nagase Brothers ranks worse than 74.53% on this metric.

As of today (2026-08-02), Nagase Brothers's current share price is 円2339.00. Nagase Brothers's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was 円963.92. Nagase Brothers's Cyclically Adjusted PB Ratio for today is 2.43.

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

TSE:9733' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.03   Med: 3.09   Max: 4.33
Current: 2.39

During the past 13 years, Nagase Brothers's highest Cyclically Adjusted PB Ratio was 4.33. The lowest was 2.03. And the median was 3.09.

TSE:9733's Cyclically Adjusted PB Ratio is ranked worse than
74.53% of 161 companies
in the Education industry
Industry Median: 1.16 vs TSE:9733: 2.39

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.

Nagase Brothers's adjusted book value per share data of for the fiscal year that ended in Mar26 was 円1,403.365. 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963.92 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nagase Brothers  (TSE:9733) 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.


Nagase Brothers Cyclically Adjusted PB Ratio Related Terms


Nagase Brothers Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nagase Brothers'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.

Nagase Brothers Cyclically Adjusted PB Ratio Chart

Nagase Brothers 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 2.90 2.80 2.49 2.07 2.44

Nagase Brothers Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 2.49 2.37 2.07 0.00 2.44

TSE:9733 vs EDU, TAL, LAUR: Cyclically Adjusted PB Ratio Comparison

For the Education & Training Services subindustry, Nagase Brothers'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.


Nagase Brothers Cyclically Adjusted PB Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, Nagase Brothers's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:9733
83GF Score
Nagase Brothers Inc TSE:9733
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nagase Brothers 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.

Nagase Brothers's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2339.00/963.92
=2.43

* 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.

Nagase Brothers's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Nagase Brothers's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=1403.365/112.7000*112.7000
=1,403.365

Current CPI (Mar26) = 112.7000.

Nagase Brothers Annual Data

Book Value per Share CPI Adj_Book
201703 579.468 98.100 665.709
201803 649.607 99.200 738.011
201903 638.394 99.700 721.635
202003 725.550 100.300 815.249
202103 782.193 99.900 882.414
202203 877.839 101.100 978.560
202303 1,004.558 104.400 1,084.422
202403 1,092.684 107.200 1,148.745
202503 1,184.077 111.100 1,201.129
202603 1,403.365 112.700 1,403.365

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 2.43 mean?
Nagase Brothers (TSE:9733) has a Cyclically Adjusted PB Ratio of 2.43 as of Aug. 02, 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 Nagase Brothers and its competitors. This is 21% below median its historical median of 3.09. Over the past decade, Nagase Brothers' Cyclically Adjusted PB Ratio has ranged from 2.03 to 4.33. According to the industry distribution chart, Nagase Brothers ranks #120 out of 161 companies in the Education industry, placing it in the top 74.5%.
Is Nagase Brothers' Cyclically Adjusted PB Ratio too high?
Nagase Brothers' current Cyclically Adjusted PB Ratio of 2.43 is 21% below median its 10-year median of 3.09. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 4.33. The Education industry median Cyclically Adjusted PB Ratio is 1.16. Nagase Brothers' value of 2.43 is 109.5% above this industry median. Based on the distribution chart, Nagase Brothers ranks #120 out of 161 companies in the Education industry, which is below the industry midpoint. Overall, Nagase Brothers has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nagase Brothers' Cyclically Adjusted PB Ratio compare to EDU and TAL?
According to the Education industry distribution chart, Nagase Brothers ranks #120 out of 161 companies for Cyclically Adjusted PB Ratio. This places Nagase Brothers in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Nagase Brothers' value of 2.43 is 109.5% above this benchmark. Historically, Nagase Brothers' own Cyclically Adjusted PB Ratio has ranged from 2.03 to 4.33 over the past decade. While the company's 10-year median is 3.09 vs. the industry median of 1.16, Nagase Brothers 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 an Education company?
The median Cyclically Adjusted PB Ratio among Education companies is 1.16, based on 161 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. Nagase Brothers's current Cyclically Adjusted PB Ratio of 2.43 is 109.5% 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 Nagase Brothers and its competitors. For the Education industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nagase Brothers's current Cyclically Adjusted PB Ratio is 2.43, which is 21% below median its own 10-year median of 3.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nagase Brothers stock overvalued right now?
Based on GuruFocus' analysis, Nagase Brothers (TSE:9733) is currently considered Fairly Valued. The stock's GF Value™ is 円2,335.09, compared to a current price of 円2,339.00 — trading 0.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.43, which is 21% below median its 10-year median of 3.09 and 109.5% above the Education industry median of 1.16. Nagase Brothers' overall GF Score™ is 83/100 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 Nagase Brothers (TSE:9733), the current Cyclically Adjusted PB Ratio is 2.43 as of Aug. 02, 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 Nagase Brothers (TSE:9733) Overvalued in 2026?

Based on GuruFocus' analysis, Nagase Brothers stock appears to be overvalued. The current stock price of 円2,339.00 is trading 0.2% above its estimated GF Value™ of 円2,335.09. GuruFocus considers Nagase Brothers to be Fairly Valued.

Key valuation signals for TSE:9733:

  • Cyclically Adjusted PB Ratio: 2.43 (21% below median its 10-year median of 3.09)
  • GF Value™: 円2,335.09 vs. price of 円2,339.00 (0.2% above fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 109.5% above the Education median (#120 of 161)

No single metric tells the full story. See the TSE:9733 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nagase Brothers Business Description

Address 1-29-2 Kichijoji Minamimachi, Musashino-shi, Tokyo, JPN
Nagase Brothers Inc operates cram schools. It offers educational services for elementary, junior high, and high school students. It also has business schools, elementary schools, and swimming schools; and offers entrance examination services, as well as publishes reference books.
83GF Score

Get the complete analysis for TSE:9733

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

円2,339.00
Price
円2,335.09
GF Value