Fuji Electric Co (STU:FJE) Cyclically Adjusted Book per Share: €18.96 (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.

STU:FJE Fuji Electric Co Ltd STU:FJE
85 GF Score
Price €69.28
GF Value €50.87
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Fuji Electric Co Cyclically Adjusted Book per Share?

Fuji Electric Co STU:FJE -2.17% 85 Cyclically Adjusted Book per Share is €18.96 as of Mar. 2026. GuruFocus rates STU:FJE with a GF Score™ of 85/100 and a GF Value™ of €50.87 (Significantly Overvalued). The stock has 1 warning sign 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.

Fuji Electric Co's adjusted book value per share for the three months ended in Mar. 2026 was €29.592. 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 €18.96 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Fuji Electric Co's average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.00% 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 Fuji Electric Co was 13.00% per year. The lowest was 4.60% per year. And the median was 9.70% per year.

As of today (2026-07-14), Fuji Electric Co's current stock price is €69.28. Fuji Electric Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €18.96. Fuji Electric Co's Cyclically Adjusted PB Ratio of today is 3.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fuji Electric Co was 4.79. The lowest was 1.19. And the median was 2.44.


Fuji Electric Co  (STU:FJE) 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.

Fuji Electric Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=69.28/18.96
=3.65

* 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 Fuji Electric Co was 4.79. The lowest was 1.19. And the median was 2.44.


Be Aware

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


Fuji Electric Co Cyclically Adjusted Book per Share Related Terms


Fuji Electric Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Fuji Electric 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.

Fuji Electric Co Cyclically Adjusted Book per Share Chart

Fuji Electric 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 15.47 16.51 16.21 18.96 18.96

Fuji Electric 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 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 18.96 18.30 18.44 17.78 18.96

STU:FJE vs VRT, BE: Cyclically Adjusted Book per Share Comparison

For the Electrical Equipment & Parts subindustry, Fuji Electric 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.


Fuji Electric Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


STU:FJE
85GF Score
Fuji Electric Co Ltd STU:FJE
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fuji Electric 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, Fuji Electric 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)
=29.592/112.7000*112.7000
=29.592

Current CPI (Mar. 2026) = 112.7000.

Fuji Electric Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 12.597 98.100 14.472
201609 13.960 98.000 16.054
201612 14.399 98.400 16.492
201703 16.879 98.100 19.391
201706 16.717 98.500 19.127
201709 16.385 98.800 18.690
201712 16.522 99.400 18.733
201803 17.700 99.200 20.109
201806 17.709 99.200 20.119
201809 18.107 99.900 20.427
201812 17.670 99.700 19.974
201903 19.673 99.700 22.238
201906 19.803 99.800 22.363
201909 20.835 100.100 23.458
201912 20.939 100.500 23.481
202003 21.515 100.300 24.175
202006 21.817 99.900 24.612
202009 21.775 99.900 24.565
202012 21.237 99.300 24.103
202103 22.560 99.900 25.451
202106 22.500 99.500 25.485
202109 23.240 100.100 26.165
202112 23.769 100.100 26.761
202203 25.352 101.100 28.261
202206 23.673 101.800 26.208
202209 24.140 103.100 26.388
202212 23.673 104.100 25.629
202303 25.297 104.400 27.308
202306 24.199 105.200 25.924
202309 24.009 106.200 25.478
202312 24.462 106.800 25.813
202403 25.904 107.200 27.233
202406 25.343 108.200 26.397
202409 27.408 108.900 28.364
202412 27.734 110.700 28.235
202503 29.139 111.100 29.559
202506 28.300 111.700 28.553
202509 28.014 112.000 28.189
202512 27.966 113.000 27.892
202603 29.592 112.700 29.592

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 €18.96 mean?
Fuji Electric Co (STU:FJE) has a Cyclically Adjusted Book per Share of €18.96 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 Fuji Electric Co and its competitors.
Is Fuji Electric Co's Cyclically Adjusted Book per Share too high?
Fuji Electric Co's current Cyclically Adjusted Book per Share is €18.96. Overall, Fuji Electric Co has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fuji Electric Co's Cyclically Adjusted Book per Share compare to VRT and BE?
Fuji Electric Co's Cyclically Adjusted Book per Share of €18.96 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 Fuji Electric Co and its competitors. Fuji Electric Co's current Cyclically Adjusted Book per Share is €18.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuji Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Fuji Electric Co (STU:FJE) is currently considered Significantly Overvalued. The stock's GF Value™ is €50.87, compared to a current price of €69.28 — trading 36.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is €18.96. Fuji Electric Co's overall GF Score™ is 85/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Fuji Electric Co (STU:FJE), the current Cyclically Adjusted Book per Share is €18.96 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 Fuji Electric Co (STU:FJE) Overvalued in 2026?

Based on GuruFocus' analysis, Fuji Electric Co stock appears to be overvalued. The current stock price of €69.28 is trading 36.2% above its estimated GF Value™ of €50.87. GuruFocus considers Fuji Electric Co to be Significantly Overvalued.

Key valuation signals for STU:FJE:

  • Cyclically Adjusted Book per Share: €18.96
  • GF Value™: €50.87 vs. price of €69.28 (36.2% above fair value)
  • GF Score™: 85/100 with 1 warning sign

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


Fuji Electric Co Business Description

Other Exchanges FELTY:USA6504:Japan
Address 1-11-2 Osaki, Gate City Osaki East Tower, Shinagawa-ku, Tokyo, JPN, 141-0032
Fuji Electric Co Ltd is a Japanese electrical equipment manufacturer and distributor. The company operates through four segments. The Energy segment covers geothermal, hydro, thermal, fuel cells, photovoltaic, wind power, substation equipment, storage systems, UPS, and control equipment. The Food Distribution segment provides vending machines, store equipment, and money-handling systems. The Industry segment includes inverters, FA components, sensors, FA systems, nuclear power systems, railway and ship systems, electrical works, air conditioning, and ICT equipment. The Semiconductor segment focuses on industrial and automotive power semiconductors, while Others includes financial services, real estate, insurance, travel, and printing services.
85GF Score

Get the complete analysis for STU:FJE

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

€69.28
Price
€50.87
GF Value