Bunkyodo Group Holdings Co (TSE:9978) Cyclically Adjusted PB Ratio: 5.89 (As of Aug. 09, 2026) — 159% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:9978 Bunkyodo Group Holdings Co Ltd TSE:9978
58 GF Score
Price 円45.00
GF Value 円47.76
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Bunkyodo Group Holdings Co Cyclically Adjusted PB Ratio?

Bunkyodo Group Holdings Co TSE:9978 58 Cyclically Adjusted PB Ratio is 5.89 as of Aug. 09, 2026, which is 159% above its 10-year median of 2.27. GuruFocus rates TSE:9978 with a GF Score™ of 58/100 and a GF Value™ of 円47.76 (Fairly Valued). The stock has 3 warning signs investors should review. Among 805 Retail - Cyclical companies, Bunkyodo Group Holdings Co ranks worse than 124223.48% on this metric.

As of today (2026-08-09), Bunkyodo Group Holdings Co's current share price is 円45.00. Bunkyodo Group Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円7.64. Bunkyodo Group Holdings Co's Cyclically Adjusted PB Ratio for today is 5.89.

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

TSE:9978' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.85   Med: 2.27   Max: 7.07
Current: 5.89

During the past years, Bunkyodo Group Holdings Co's highest Cyclically Adjusted PB Ratio was 7.07. The lowest was 0.85. And the median was 2.27.

TSE:9978's Cyclically Adjusted PB Ratio is not ranked
in the Retail - Cyclical industry.
Industry Median: 1.24 vs TSE:9978: 5.89

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.

Bunkyodo Group Holdings Co's adjusted book value per share data for the three months ended in Feb. 2026 was 円26.422. 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7.64 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bunkyodo Group Holdings Co  (TSE:9978) 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.


Bunkyodo Group Holdings Co Cyclically Adjusted PB Ratio Related Terms


Bunkyodo Group Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bunkyodo Group 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.

Bunkyodo Group Holdings Co Cyclically Adjusted PB Ratio Chart

Bunkyodo Group Holdings Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.42 1.30 1.58 5.77 7.18

Bunkyodo Group Holdings Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 4.96 7.18 5.82 6.54 0.00

TSE:9978 vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Bunkyodo Group 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.


Bunkyodo Group Holdings Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


TSE:9978
58GF Score
Bunkyodo Group Holdings Co Ltd TSE:9978
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bunkyodo Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=45.00/7.64
=5.89

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=26.422/112.2000*112.2000
=26.422

Current CPI (Feb. 2026) = 112.2000.

Bunkyodo Group Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201602 54.405 97.800 62.416
201605 53.335 98.200 60.939
201608 28.318 97.900 32.454
201611 21.613 98.600 24.594
201702 28.308 98.100 32.377
201705 27.682 98.600 31.500
201708 30.459 98.500 34.695
201711 21.850 99.100 24.738
201802 17.164 99.500 19.355
201805 12.231 99.300 13.820
201808 -16.712 99.800 -18.788
201811 -36.085 100.000 -40.487
201902 -42.713 99.700 -48.068
201905 -46.011 100.000 -51.624
201908 -263.681 100.000 -295.850
201911 -299.273 100.500 -334.114
202002 44.523 100.300 49.805
202005 55.418 100.100 62.117
202008 45.315 100.100 50.793
202011 25.595 99.500 28.862
202102 28.148 99.800 31.645
202105 27.042 99.400 30.524
202108 26.985 99.700 30.368
202111 25.323 100.100 28.384
202202 26.046 100.700 29.020
202205 20.207 101.800 22.271
202208 27.316 102.700 29.843
202211 26.425 103.900 28.536
202302 28.677 104.000 30.938
202305 21.171 105.100 22.601
202308 29.571 105.900 31.330
202311 28.238 106.900 29.638
202402 30.472 106.900 31.983
202405 22.988 108.100 23.860
202408 30.239 109.100 31.098
202502 30.565 110.800 30.951
202505 25.222 111.800 25.312
202508 26.381 112.100 26.405
202511 25.224 113.200 25.001
202602 26.422 112.200 26.422

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 5.89 mean?
Bunkyodo Group Holdings Co (TSE:9978) has a Cyclically Adjusted PB Ratio of 5.89 as of Aug. 09, 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 Bunkyodo Group Holdings Co and its competitors. This is 159% above median its historical median of 2.27. Over the past decade, Bunkyodo Group Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.85 to 7.07. According to the industry distribution chart, Bunkyodo Group Holdings Co ranks #999999 out of 805 companies in the Retail - Cyclical industry.
Is Bunkyodo Group Holdings Co's Cyclically Adjusted PB Ratio too high?
Bunkyodo Group Holdings Co's current Cyclically Adjusted PB Ratio of 5.89 is 159% above median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 7.07. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Bunkyodo Group Holdings Co's value of 5.89 is 375% above this industry median. Based on the distribution chart, Bunkyodo Group Holdings Co ranks #999999 out of 805 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Bunkyodo Group Holdings Co has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bunkyodo Group Holdings Co's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Bunkyodo Group Holdings Co ranks #999999 out of 805 companies for Cyclically Adjusted PB Ratio. This places Bunkyodo Group Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Bunkyodo Group Holdings Co's value of 5.89 is 375% above this benchmark. Historically, Bunkyodo Group Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.85 to 7.07 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 1.24, Bunkyodo Group Holdings 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 1.24, based on 805 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. Bunkyodo Group Holdings Co's current Cyclically Adjusted PB Ratio of 5.89 is 375% 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 Bunkyodo Group Holdings Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bunkyodo Group Holdings Co's current Cyclically Adjusted PB Ratio is 5.89, which is 159% above median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bunkyodo Group Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Bunkyodo Group Holdings Co (TSE:9978) is currently considered Fairly Valued. The stock's GF Value™ is 円47.76, compared to a current price of 円45.00 — trading 5.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.89, which is 159% above median its 10-year median of 2.27 and 375% above the Retail - Cyclical industry median of 1.24. Bunkyodo Group Holdings Co's overall GF Score™ is 58/100 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 Bunkyodo Group Holdings Co (TSE:9978), the current Cyclically Adjusted PB Ratio is 5.89 as of Aug. 09, 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 Bunkyodo Group Holdings Co (TSE:9978) Overvalued in 2026?

Based on GuruFocus' analysis, Bunkyodo Group Holdings Co stock appears to be undervalued. The current stock price of 円45.00 is trading 5.8% below its estimated GF Value™ of 円47.76. GuruFocus considers Bunkyodo Group Holdings Co to be Fairly Valued.

Key valuation signals for TSE:9978:

  • Cyclically Adjusted PB Ratio: 5.89 (159% above median its 10-year median of 2.27)
  • GF Value™: 円47.76 vs. price of 円45.00 (5.8% below fair value)
  • GF Score™: 58/100 with 3 warning signs
  • Industry Position: 375% above the Retail - Cyclical median (#999999 of 805)

No single metric tells the full story. See the TSE:9978 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bunkyodo Group Holdings Co Business Description

Address 3-1-28 Kumoto Bunkyodo Mizonokuchi Main Store 5F, Takatsu-ku, Kanagawa, Kawasaki, JPN
Bunkyodo Group Holdings Co Ltd through its subsidiaries operates a chain of bookstores directly and through franchise stores in Tokyo. It sells books, magazines, CDs and DVDs, stationery, games, and hobby goods, as well as rent video products.
58GF Score

Get the complete analysis for TSE:9978

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

円45.00
Price
円47.76
GF Value