Nippon Signal Co (FRA:F6N) Cyclically Adjusted Book per Share: €8.14 (As of Jun. 2026)

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.

FRA:F6N Nippon Signal Co Ltd FRA:F6N
69 GF Score
Price €9.70
GF Value €7.22
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Nippon Signal Co Cyclically Adjusted Book per Share?

Nippon Signal Co FRA:F6N +6.64% 69 Cyclically Adjusted Book per Share is €8.14 as of Jun. 2026. GuruFocus rates FRA:F6N with a GF Score™ of 69/100 and a GF Value™ of €7.22 (Significantly Overvalued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Nippon Signal Co's adjusted book value per share for the three months ended in Jun. 2026 was €9.795. 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 €8.14 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Nippon Signal Co's average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Nippon Signal Co was 6.70% per year. The lowest was 4.80% per year. And the median was 5.80% per year.

As of today (2026-08-23), Nippon Signal Co's current stock price is €9.704. Nippon Signal Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €8.14. Nippon Signal Co's Cyclically Adjusted PB Ratio of today is 1.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nippon Signal Co was 1.44. The lowest was 0.60. And the median was 0.87.


Nippon Signal Co  (FRA:F6N) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Nippon Signal Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.704/8.14
=1.19

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nippon Signal Co was 1.44. The lowest was 0.60. And the median was 0.87.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Nippon Signal Co Cyclically Adjusted Book per Share Related Terms


Nippon Signal Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Nippon Signal Co's Cyclically Adjusted Book per Share 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.

Nippon Signal Co Cyclically Adjusted Book per Share Chart

Nippon Signal Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Nippon Signal Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 0.00 0.00 0.00 0.00 8.14

FRA:F6N vs VRT, BE: Cyclically Adjusted Book per Share Comparison

For the Electrical Equipment & Parts subindustry, Nippon Signal 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.


Nippon Signal Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nippon Signal Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:F6N
69GF Score
Nippon Signal Co Ltd FRA:F6N
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Signal Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Nippon Signal Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=9.795/113.6000*113.6000
=9.795

Current CPI (Jun. 2026) = 113.6000.

Nippon Signal Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.981 98.000 11.570
201612 9.314 98.400 10.753
201703 9.896 98.100 11.460
201706 9.224 98.500 10.638
201709 8.750 98.800 10.061
201712 8.544 99.400 9.765
201803 9.300 99.200 10.650
201806 9.414 99.200 10.781
201809 9.467 99.900 10.765
201812 9.276 99.700 10.569
201903 10.017 99.700 11.414
201906 10.109 99.800 11.507
201909 10.757 100.100 12.208
201912 10.656 100.500 12.045
202003 10.733 100.300 12.156
202006 10.594 99.900 12.047
202009 10.318 99.900 11.733
202012 10.175 99.300 11.640
202103 10.493 99.900 11.932
202106 10.059 99.500 11.484
202109 10.375 100.100 11.774
202112 10.200 100.100 11.576
202203 10.649 101.100 11.966
202206 9.602 101.800 10.715
202209 9.756 103.100 10.750
202212 9.750 104.100 10.640
202303 10.010 104.400 10.892
202306 9.291 105.200 10.033
202309 9.156 106.200 9.794
202312 9.206 106.800 9.792
202403 9.532 107.200 10.101
202406 0.000 108.200 0.000
202409 9.679 108.900 10.097
202412 9.668 110.700 9.921
202503 10.210 111.100 10.440
202506 9.789 111.700 9.956
202509 9.661 112.000 9.799
202512 9.418 113.000 9.468
202603 9.993 112.700 10.073
202606 9.795 113.600 9.795

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of €8.14 mean?
Nippon Signal Co (FRA:F6N) has a Cyclically Adjusted Book per Share of €8.14 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Nippon Signal Co and its competitors.
Is Nippon Signal Co's Cyclically Adjusted Book per Share too high?
Nippon Signal Co's current Cyclically Adjusted Book per Share is €8.14. Overall, Nippon Signal Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Signal Co's Cyclically Adjusted Book per Share compare to VRT and BE?
Nippon Signal Co's Cyclically Adjusted Book per Share of €8.14 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Industrial Products company?
A good Cyclically Adjusted Book per Share depends on the Industrial Products industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Nippon Signal Co and its competitors. Nippon Signal Co's current Cyclically Adjusted Book per Share is €8.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Signal Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Signal Co (FRA:F6N) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.22, compared to a current price of €9.70 — trading 34.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is €8.14. Nippon Signal Co's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Nippon Signal Co (FRA:F6N), the current Cyclically Adjusted Book per Share is €8.14 as of Jun. 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 Nippon Signal Co (FRA:F6N) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Signal Co stock appears to be overvalued. The current stock price of €9.70 is trading 34.4% above its estimated GF Value™ of €7.22. GuruFocus considers Nippon Signal Co to be Significantly Overvalued.

Key valuation signals for FRA:F6N:

  • Cyclically Adjusted Book per Share: €8.14
  • GF Value™: €7.22 vs. price of €9.70 (34.4% above fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the FRA:F6N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Signal Co Business Description

Other Exchanges 6741:Japan
Address 1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6513
Nippon Signal Co Ltd is a Japanese technology company. Its products and services fall into the following categories: railway signal systems, traffic information systems, automatic fare collection, or AFR, systems, and parking information systems. The railway signal systems division provides automatic train supervision systems, relay interlocking equipment, level-crossing systems, and LED information boards. The traffic information systems division offers universal traffic management systems, local controllers, and LED traffic signal lights. The AFR system division offers comprehensive network systems to automate station operations. The parking information systems division offers car parking systems and bicycle lock systems.
69GF Score

Get the complete analysis for FRA:F6N

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

€9.70
Price
€7.22
GF Value