JGCCY (JGC Holdings) Cyclically Adjusted Book per Share: $19.39 (As of Mar. 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.

JGCCY JGC Holdings Corp JGCCY
63 GF Score
Price $34.95
GF Value $14.30
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is JGC Holdings Cyclically Adjusted Book per Share?

JGC Holdings JGCCY 63 Cyclically Adjusted Book per Share is $19.39 as of Mar. 2026. GuruFocus rates JGCCY with a GF Score™ of 63/100 and a GF Value™ of $14.30 (Significantly Overvalued). The stock has 3 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.

JGC Holdings's adjusted book value per share for the three months ended in Mar. 2026 was $22.379. 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 $19.39 for the trailing ten years ended in Mar. 2026.

During the past 12 months, JGC Holdings's average Cyclically Adjusted Book Growth Rate was 0.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.40% 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 JGC Holdings was 7.90% per year. The lowest was 2.20% per year. And the median was 3.85% per year.

As of today (2026-08-04), JGC Holdings's current stock price is $34.95. JGC Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $19.39. JGC Holdings's Cyclically Adjusted PB Ratio of today is 1.80.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of JGC Holdings was 2.02. The lowest was 0.50. And the median was 1.04.


JGC Holdings  (OTCPK:JGCCY) 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.

JGC Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=34.95/19.39
=1.80

* 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 JGC Holdings was 2.02. The lowest was 0.50. And the median was 1.04.


Be Aware

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


JGC Holdings Cyclically Adjusted Book per Share Related Terms


JGC Holdings Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for JGC Holdings'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.

JGC Holdings Cyclically Adjusted Book per Share Chart

JGC Holdings 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 25.36 24.51 22.77 22.90 19.39

JGC Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 22.90 22.20 22.01 22.08 19.39

JGCCY vs PWR, FIX, EME: Cyclically Adjusted Book per Share Comparison

For the Engineering & Construction subindustry, JGC Holdings'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.


JGC Holdings Cyclically Adjusted PB Ratio vs Construction Industry

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

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


JGCCY
63GF Score
JGC Holdings Corp JGCCY
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JGC Holdings 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, JGC Holdings'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)
=22.379/112.7000*112.7000
=22.379

Current CPI (Mar. 2026) = 112.7000.

JGC Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 30.685 98.100 35.252
201609 29.941 98.000 34.432
201612 27.229 98.400 31.186
201703 26.832 98.100 30.825
201706 27.199 98.500 31.120
201709 27.899 98.800 31.824
201712 28.093 99.400 31.852
201803 29.503 99.200 33.518
201806 28.194 99.200 32.031
201809 28.289 99.900 31.914
201812 27.985 99.700 31.634
201903 29.188 99.700 32.994
201906 29.379 99.800 33.176
201909 29.374 100.100 33.071
201912 29.359 100.500 32.923
202003 28.745 100.300 32.299
202006 29.336 99.900 33.095
202009 30.213 99.900 34.084
202012 31.214 99.300 35.426
202103 30.399 99.900 34.294
202106 25.857 99.500 29.287
202109 26.180 100.100 29.475
202112 25.763 100.100 29.006
202203 25.852 101.100 28.818
202206 23.530 101.800 26.049
202209 22.583 103.100 24.686
202212 24.246 104.100 26.249
202303 24.712 104.400 26.677
202306 23.545 105.200 25.224
202309 22.616 106.200 24.000
202312 23.118 106.800 24.395
202403 21.342 107.200 22.437
202406 20.800 108.200 21.665
202409 22.781 108.900 23.576
202412 20.343 110.700 20.711
202503 21.689 111.100 22.001
202506 21.752 111.700 21.947
202509 22.988 112.000 23.132
202512 22.746 113.000 22.686
202603 22.379 112.700 22.379

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 $19.39 mean?
JGC Holdings (JGCCY) has a Cyclically Adjusted Book per Share of $19.39 as of Mar. 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 JGC Holdings and its competitors.
Is JGC Holdings' Cyclically Adjusted Book per Share too high?
JGC Holdings' current Cyclically Adjusted Book per Share is $19.39. Overall, JGC Holdings has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JGC Holdings' Cyclically Adjusted Book per Share compare to PWR and FIX?
JGC Holdings' Cyclically Adjusted Book per Share of $19.39 can be compared against companies in the Construction 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 a Construction company?
A good Cyclically Adjusted Book per Share depends on the Construction 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 JGC Holdings and its competitors. JGC Holdings's current Cyclically Adjusted Book per Share is $19.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JGC Holdings stock overvalued right now?
Based on GuruFocus' analysis, JGC Holdings (JGCCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.30, compared to a current price of $34.95 — trading 144.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is $19.39. JGC Holdings' overall GF Score™ is 63/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For JGC Holdings (JGCCY), the current Cyclically Adjusted Book per Share is $19.39 as of Mar. 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 JGC Holdings (JGCCY) Overvalued in 2026?

Based on GuruFocus' analysis, JGC Holdings stock appears to be overvalued. The current stock price of $34.95 is trading 144.4% above its estimated GF Value™ of $14.30. GuruFocus considers JGC Holdings to be Significantly Overvalued.

Key valuation signals for JGCCY:

  • Cyclically Adjusted Book per Share: $19.39
  • GF Value™: $14.30 vs. price of $34.95 (144.4% above fair value)
  • GF Score™: 63/100 with 3 warning signs

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


JGC Holdings Business Description

Address 2-3-1 Minatomirai, Nishi-Ku, Kanagawa, Yokohama-shi, JPN, 220-6001
JGC Holdings Corp is a Japan-based company engaged in providing infrastructure construction services. The company operates through two segments. The Comprehensive Engineering segment provides EPC services including design, procurement, construction, and commissioning of equipment and facilities for petroleum, oil refining, petrochemicals, gas, and LNG. The Functional Materials Manufacturing segment produces and sells catalysts, nanoparticle technology products, clean and safety materials, electronic materials, high-performance ceramics, and next-generation energy solutions. The Others segment includes consulting, office support, desalination, and crude oil and gas production and sales. It generates the majority of its revenue from the Comprehensive engineering segment.
63GF Score

Get the complete analysis for JGCCY

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

$34.95
Price
$14.30
GF Value