Subaru (STU:FUH) Cyclically Adjusted Book per Share: €20.31 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:FUH Subaru Corp STU:FUH
76 GF Score
Price €14.44
GF Value €16.76
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Subaru Cyclically Adjusted Book per Share?

Subaru STU:FUH +0.87% 76 Cyclically Adjusted Book per Share is €20.31 as of Jun. 2026. GuruFocus rates STU:FUH with a GF Score™ of 76/100 and a GF Value™ of €16.76 (Modestly Undervalued). The stock has 8 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.

Subaru's adjusted book value per share for the three months ended in Jun. 2026 was €21.188. 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 €20.31 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Subaru's average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.50% 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 Subaru was 15.70% per year. The lowest was 12.20% per year. And the median was 13.40% per year.

As of today (2026-09-16), Subaru's current stock price is €14.44. Subaru's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €20.31. Subaru's Cyclically Adjusted PB Ratio of today is 0.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Subaru was 5.71. The lowest was 0.84. And the median was 1.41.


Subaru  (STU:FUH) 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.

Subaru's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.44/20.308
=0.71

* 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 Subaru was 5.71. The lowest was 0.84. And the median was 1.41.


Be Aware

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


Subaru Cyclically Adjusted Book per Share Related Terms


Subaru Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Subaru'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.

Subaru Cyclically Adjusted Book per Share Chart

Subaru 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 14.46 16.14 17.88 19.67 20.52

Subaru 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 19.36 19.63 19.97 20.05 20.31

STU:FUH vs TSLA, GM, F: Cyclically Adjusted Book per Share Comparison

For the Auto Manufacturers subindustry, Subaru'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.


Subaru Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Subaru's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:FUH
76GF Score
Subaru Corp STU:FUH
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Subaru 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, Subaru'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)
=21.188/113.6000*113.6000
=21.188

Current CPI (Jun. 2026) = 113.6000.

Subaru Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.605 98.000 18.089
201612 14.873 98.400 17.170
201703 16.032 98.100 18.565
201706 15.221 98.500 17.554
201709 14.753 98.800 16.963
201712 14.663 99.400 16.758
201803 15.566 99.200 17.826
201806 15.780 99.200 18.071
201809 15.590 99.900 17.728
201812 16.430 99.700 18.721
201903 17.733 99.700 20.205
201906 17.936 99.800 20.416
201909 18.702 100.100 21.224
201912 18.057 100.500 20.411
202003 18.937 100.300 21.448
202006 18.169 99.900 20.661
202009 18.031 99.900 20.504
202012 17.862 99.300 20.434
202103 17.937 99.900 20.397
202106 17.758 99.500 20.274
202109 18.430 100.100 20.916
202112 18.372 100.100 20.850
202203 18.355 101.100 20.624
202206 18.219 101.800 20.331
202209 18.978 103.100 20.911
202212 18.943 104.100 20.672
202303 19.025 104.400 20.702
202306 18.476 105.200 19.951
202309 19.402 106.200 20.754
202312 20.280 106.800 21.571
202403 20.877 107.200 22.123
202406 20.519 108.200 21.543
202409 21.733 108.900 22.671
202412 23.252 110.700 23.861
202503 22.998 111.100 23.516
202506 21.745 111.700 22.115
202509 21.905 112.000 22.218
202512 20.881 113.000 20.992
202603 21.211 112.700 21.380
202606 21.188 113.600 21.188

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 €20.31 mean?
Subaru (STU:FUH) has a Cyclically Adjusted Book per Share of €20.31 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 Subaru and its competitors.
Is Subaru's Cyclically Adjusted Book per Share too high?
Subaru's current Cyclically Adjusted Book per Share is €20.31. Overall, Subaru has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Subaru's Cyclically Adjusted Book per Share compare to TSLA and GM?
Subaru's Cyclically Adjusted Book per Share of €20.31 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Cyclically Adjusted Book per Share depends on the Vehicles & Parts 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 Subaru and its competitors. Subaru's current Cyclically Adjusted Book per Share is €20.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subaru stock overvalued right now?
Based on GuruFocus' analysis, Subaru (STU:FUH) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.76, compared to a current price of €14.44 — trading 13.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is €20.31. Subaru's overall GF Score™ is 76/100 with 8 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 Subaru (STU:FUH), the current Cyclically Adjusted Book per Share is €20.31 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 Subaru (STU:FUH) Overvalued in 2026?

Based on GuruFocus' analysis, Subaru stock appears to be undervalued. The current stock price of €14.44 is trading 13.8% below its estimated GF Value™ of €16.76. GuruFocus considers Subaru to be Modestly Undervalued.

Key valuation signals for STU:FUH:

  • Cyclically Adjusted Book per Share: €20.31
  • GF Value™: €16.76 vs. price of €14.44 (13.8% below fair value)
  • GF Score™: 76/100 with 8 warning signs

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


Subaru Business Description

Address 1-20-8 Ebisu, Ebisu Subaru Building, Shibuya-ku, Tokyo, JPN, 150-8554
Subaru Corp is a Japan-based company engaged in the automobile manufacturing business. The company operates through three segments: Automobile Business Unit, Aerospace, and Other Businesses. The Aerospace segment manufactures, sells, and repairs aircraft, space-related equipment, and parts. The Automobile segment manufactures, sells, and repairs automobiles and their parts, while also engaging in joint development of sports cars and electric vehicles with Toyota Motor Corporation, and receiving OEM supply of mini and compact cars from Daihatsu Motor. The Others segment is engaged in real estate leasing. It generates the majority of its revenue from the Automobile segment.
76GF Score

Get the complete analysis for STU:FUH

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

€14.44
Price
€16.76
GF Value