Sundrug Co (TSE:9989) Cyclically Adjusted PB Ratio: 1.97 (As of Aug. 02, 2026) — 31% Below Median

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TSE:9989 Sundrug Co Ltd TSE:9989
75 GF Score
Price 円3,780.00
GF Value 円4,754.22
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Sundrug Co Cyclically Adjusted PB Ratio?

Sundrug Co TSE:9989 -3.40% 75 Cyclically Adjusted PB Ratio is 1.97 as of Aug. 02, 2026, which is 31% below its 10-year median of 2.85. GuruFocus rates TSE:9989 with a GF Score™ of 75/100 and a GF Value™ of 円4,754.22 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 356 Healthcare Providers & Services companies, Sundrug Co ranks worse than 52.53% on this metric.

As of today (2026-08-02), Sundrug Co's current share price is 円3780.00. Sundrug Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,922.59. Sundrug Co's Cyclically Adjusted PB Ratio for today is 1.97.

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

TSE:9989' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.89   Med: 2.85   Max: 6.57
Current: 1.96

During the past years, Sundrug Co's highest Cyclically Adjusted PB Ratio was 6.57. The lowest was 1.89. And the median was 2.85.

TSE:9989's Cyclically Adjusted PB Ratio is ranked worse than
52.53% of 356 companies
in the Healthcare Providers & Services industry
Industry Median: 1.845 vs TSE:9989: 1.96

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.

Sundrug Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,444.808. 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1,922.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sundrug Co  (TSE:9989) 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.


Sundrug Co Cyclically Adjusted PB Ratio Related Terms


Sundrug Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sundrug 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.

Sundrug Co Cyclically Adjusted PB Ratio Chart

Sundrug 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 2.31 2.52 2.94 2.37 2.03

Sundrug Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 2.37 2.48 2.34 2.27 2.03

Sundrug Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Pharmaceutical Retailers subindustry, Sundrug 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.


Sundrug Co Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Sundrug Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:9989
75GF Score
Sundrug Co Ltd TSE:9989
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sundrug 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3780.00/1922.59
=1.97

* 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.

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

For example, Sundrug 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)
=2444.808/112.7000*112.7000
=2,444.808

Current CPI (Mar. 2026) = 112.7000.

Sundrug Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,126.749 98.100 1,294.440
201609 1,048.923 98.000 1,206.261
201612 1,081.011 98.400 1,238.109
201703 1,166.403 98.100 1,339.996
201706 1,190.118 98.500 1,361.688
201709 1,241.571 98.800 1,416.245
201712 1,273.867 99.400 1,444.314
201803 1,324.630 99.200 1,504.897
201806 1,542.332 99.200 1,752.226
201809 1,597.395 99.900 1,802.066
201812 1,624.239 99.700 1,836.025
201903 1,463.334 99.700 1,654.140
201906 1,486.176 99.800 1,678.277
201909 1,545.708 100.100 1,740.273
201912 1,558.583 100.500 1,747.784
202003 1,598.127 100.300 1,795.702
202006 1,624.577 99.900 1,832.731
202009 1,679.666 99.900 1,894.878
202012 1,707.648 99.300 1,938.086
202103 1,754.962 99.900 1,979.822
202106 1,776.253 99.500 2,011.897
202109 1,824.713 100.100 2,054.397
202112 1,845.749 100.100 2,078.081
202203 1,886.627 101.100 2,103.095
202206 1,904.562 101.800 2,108.489
202209 1,959.589 103.100 2,142.053
202212 1,975.129 104.100 2,138.300
202303 2,021.202 104.400 2,181.891
202306 2,030.404 105.200 2,175.157
202309 2,092.038 106.200 2,220.082
202312 2,109.575 106.800 2,226.115
202403 2,164.042 107.200 2,275.070
202406 2,169.659 108.200 2,259.894
202409 2,229.347 108.900 2,307.139
202412 2,246.334 110.700 2,286.918
202503 2,305.898 111.100 2,339.106
202506 2,308.891 111.700 2,329.561
202509 2,371.781 112.000 2,386.605
202512 2,383.372 113.000 2,377.044
202603 2,444.808 112.700 2,444.808

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 1.97 mean?
Sundrug Co (TSE:9989) has a Cyclically Adjusted PB Ratio of 1.97 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 Sundrug Co and its competitors. This is 31% below median its historical median of 2.85. Over the past decade, Sundrug Co's Cyclically Adjusted PB Ratio has ranged from 1.89 to 6.57. According to the industry distribution chart, Sundrug Co ranks #187 out of 356 companies in the Healthcare Providers & Services industry, placing it in the top 52.5%.
Is Sundrug Co's Cyclically Adjusted PB Ratio too high?
Sundrug Co's current Cyclically Adjusted PB Ratio of 1.97 is 31% below median its 10-year median of 2.85. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 6.57. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.85. Sundrug Co's value of 1.97 is 6.8% above this industry median. Based on the distribution chart, Sundrug Co ranks #187 out of 356 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Sundrug Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sundrug Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Sundrug Co ranks #187 out of 356 companies for Cyclically Adjusted PB Ratio. This places Sundrug Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Sundrug Co's value of 1.97 is 6.8% above this benchmark. Historically, Sundrug Co's own Cyclically Adjusted PB Ratio has ranged from 1.89 to 6.57 over the past decade. While the company's 10-year median is 2.85 vs. the industry median of 1.85, Sundrug 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.85, based on 356 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. Sundrug Co's current Cyclically Adjusted PB Ratio of 1.97 is 6.8% 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 Sundrug Co and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sundrug Co's current Cyclically Adjusted PB Ratio is 1.97, which is 31% below median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sundrug Co stock overvalued right now?
Based on GuruFocus' analysis, Sundrug Co (TSE:9989) is currently considered Modestly Undervalued. The stock's GF Value™ is 円4,754.22, compared to a current price of 円3,780.00 — trading 20.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.97, which is 31% below median its 10-year median of 2.85 and 6.8% above the Healthcare Providers & Services industry median of 1.85. Sundrug Co's overall GF Score™ is 75/100 with 1 warning sign 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 Sundrug Co (TSE:9989), the current Cyclically Adjusted PB Ratio is 1.97 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 Sundrug Co (TSE:9989) Overvalued in 2026?

Based on GuruFocus' analysis, Sundrug Co stock appears to be undervalued. The current stock price of 円3,780.00 is trading 20.5% below its estimated GF Value™ of 円4,754.22. GuruFocus considers Sundrug Co to be Modestly Undervalued.

Key valuation signals for TSE:9989:

  • Cyclically Adjusted PB Ratio: 1.97 (31% below median its 10-year median of 2.85)
  • GF Value™: 円4,754.22 vs. price of 円3,780.00 (20.5% below fair value)
  • GF Score™: 75/100 with 1 warning sign
  • Industry Position: 6.8% above the Healthcare Providers & Services median (#187 of 356)

No single metric tells the full story. See the TSE:9989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sundrug Co Business Description

Address 1-38-1 Wakamatsucho, Fuchu-shi, Tokyo, JPN, 183-0005
Sundrug Co Ltd is a Japanese-based company engaged in the operation of drug stores and discount stores. The Group operates through two segments: the Drug Store Business, which mainly sells pharmaceuticals, cosmetics, and daily necessities, and the Discount Store Business, which mainly sells food products, household goods, and other related items. It generates the majority of its revenue from the Drugstore business segment.
75GF Score

Get the complete analysis for TSE:9989

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

円3,780.00
Price
円4,754.22
GF Value