JK Holdings Co (TSE:9896) Cyclically Adjusted PB Ratio: 0.81 (As of Aug. 17, 2026) — Near Median

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TSE:9896 JK Holdings Co Ltd TSE:9896
73 GF Score
Price 円1,411.00
GF Value 円1,172.41
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is JK Holdings Co Cyclically Adjusted PB Ratio?

JK Holdings Co TSE:9896 -0.07% 73 Cyclically Adjusted PB Ratio is 0.81 as of Aug. 17, 2026, which is 8% above its 10-year median of 0.75. GuruFocus rates TSE:9896 with a GF Score™ of 73/100 and a GF Value™ of 円1,172.41 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 450 Conglomerates companies, JK Holdings Co ranks better than 59.11% on this metric.

As of today (2026-08-17), JK Holdings Co's current share price is 円1411.00. JK Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,751.45. JK Holdings Co's Cyclically Adjusted PB Ratio for today is 0.81.

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

TSE:9896' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.75   Max: 1.12
Current: 0.81

During the past years, JK Holdings Co's highest Cyclically Adjusted PB Ratio was 1.12. The lowest was 0.48. And the median was 0.75.

TSE:9896's Cyclically Adjusted PB Ratio is ranked better than
59.11% of 450 companies
in the Conglomerates industry
Industry Median: 1.025 vs TSE:9896: 0.81

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.

JK Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,445.321. 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1,751.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JK Holdings Co  (TSE:9896) 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.


JK Holdings Co Cyclically Adjusted PB Ratio Related Terms


JK Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JK Holdings 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.

JK Holdings Co Cyclically Adjusted PB Ratio Chart

JK Holdings Co 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 1.01 0.78 0.72 0.62 0.81

JK Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.72 0.80 0.78 0.81 0.00

TSE:9896 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, JK Holdings 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.


JK Holdings Co Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, JK Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:9896
73GF Score
JK Holdings Co Ltd TSE:9896
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JK Holdings 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.

JK Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1411.00/1751.45
=0.81

* 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.

JK Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, JK Holdings Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2445.321/112.7000*112.7000
=2,445.321

Current CPI (Mar. 2026) = 112.7000.

JK Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 1,037.094 97.900 1,193.876
201606 1,041.289 98.100 1,196.262
201609 1,061.886 98.000 1,221.169
201612 1,109.564 98.400 1,270.812
201703 1,156.344 98.100 1,328.440
201706 1,182.326 98.500 1,352.773
201709 1,217.888 98.800 1,389.231
201712 1,259.329 99.400 1,427.831
201803 1,253.158 99.200 1,423.699
201806 1,267.513 99.200 1,440.007
201809 1,271.508 99.900 1,434.424
201812 1,277.094 99.700 1,443.616
201903 1,282.707 99.700 1,449.961
201906 1,279.043 99.800 1,444.370
201909 1,306.925 100.100 1,471.433
201912 1,342.522 100.500 1,505.495
202003 1,345.370 100.300 1,511.697
202006 1,367.897 99.900 1,543.163
202009 1,405.947 99.900 1,586.088
202012 1,439.170 99.300 1,633.378
202103 1,466.072 99.900 1,653.917
202106 1,494.535 99.500 1,692.805
202109 1,598.934 100.100 1,800.198
202112 1,690.760 100.100 1,903.583
202203 1,732.131 101.100 1,930.872
202206 1,790.298 101.800 1,981.990
202209 1,863.484 103.100 2,036.999
202212 1,919.941 104.100 2,078.553
202303 1,937.452 104.400 2,091.483
202306 1,957.816 105.200 2,097.394
202309 2,009.889 106.200 2,132.905
202312 2,052.409 106.800 2,165.791
202403 2,111.634 107.200 2,219.973
202406 2,112.337 108.200 2,200.188
202409 2,149.673 108.900 2,224.685
202503 2,200.810 111.100 2,232.505
202506 2,155.001 111.700 2,174.294
202509 2,326.824 112.000 2,341.367
202512 2,391.953 113.000 2,385.603
202603 2,445.321 112.700 2,445.321

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 0.81 mean?
JK Holdings Co (TSE:9896) has a Cyclically Adjusted PB Ratio of 0.81 as of Aug. 17, 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 JK Holdings Co and its competitors. This is near median its historical median of 0.75. Over the past decade, JK Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.12. According to the industry distribution chart, JK Holdings Co ranks #184 out of 450 companies in the Conglomerates industry, placing it in the top 40.9%.
Is JK Holdings Co's Cyclically Adjusted PB Ratio too high?
JK Holdings Co's current Cyclically Adjusted PB Ratio of 0.81 is near median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.12. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.03. JK Holdings Co's value of 0.81 is 21% below this industry median. Based on the distribution chart, JK Holdings Co ranks #184 out of 450 companies in the Conglomerates industry, which is above the industry midpoint. Overall, JK Holdings Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JK Holdings Co's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, JK Holdings Co ranks #184 out of 450 companies for Cyclically Adjusted PB Ratio. This puts JK Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.03. JK Holdings Co's value of 0.81 is 21% below this benchmark. Historically, JK Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.12 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.03, JK Holdings 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.03, based on 450 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. JK Holdings Co's current Cyclically Adjusted PB Ratio of 0.81 is 21% 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 JK Holdings Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JK Holdings Co's current Cyclically Adjusted PB Ratio is 0.81, which is near median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JK Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, JK Holdings Co (TSE:9896) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,172.41, compared to a current price of 円1,411.00 — trading 20.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.81, which is near median its 10-year median of 0.75 and 21% below the Conglomerates industry median of 1.03. JK Holdings Co's overall GF Score™ is 73/100 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 JK Holdings Co (TSE:9896), the current Cyclically Adjusted PB Ratio is 0.81 as of Aug. 17, 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 JK Holdings Co (TSE:9896) Overvalued in 2026?

Based on GuruFocus' analysis, JK Holdings Co stock appears to be overvalued. The current stock price of 円1,411.00 is trading 20.4% above its estimated GF Value™ of 円1,172.41. GuruFocus considers JK Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:9896:

  • Cyclically Adjusted PB Ratio: 0.81 (near median its 10-year median of 0.75)
  • GF Value™: 円1,172.41 vs. price of 円1,411.00 (20.4% above fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 21% below the Conglomerates median (#184 of 450)

No single metric tells the full story. See the TSE:9896 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JK Holdings Co Business Description

Address Wood Land Tower 1-7-22, Shinkiba Koto-ku, Tokyo, JPN, 136-8405
JK Holdings Co Ltd manufacturing and selling plywood, processing and selling lumber, and wholesale and retail sales of plywood, secondary plywood products, building materials, and housing equipment, as well as transporting the group's products and general cargo. Its segments include General building materials wholesale business; Plywood manufacturing and wood processing; General building materials retail business; and Others.
73GF Score

Get the complete analysis for TSE:9896

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

円1,411.00
Price
円1,172.41
GF Value