Teikoku Sen-I Co (TSE:3302) Cyclically Adjusted Book per Share: 円2,324.59 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
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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.
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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.

TSE:3302 Teikoku Sen-I Co Ltd TSE:3302
85 GF Score
Price 円3,400.00
GF Value 円2,962.74
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Teikoku Sen-I Co Cyclically Adjusted Book per Share?

Teikoku Sen-I Co TSE:3302 +1.19% 85 Cyclically Adjusted Book per Share is 円2,324.59 as of Dec. 2025. GuruFocus rates TSE:3302 with a GF Score™ of 85/100 and a GF Value™ of 円2,962.74 (Modestly 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.

Teikoku Sen-I Co's adjusted book value per share for the three months ended in Dec. 2025 was 円2,827.569. 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2,324.59 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Teikoku Sen-I Co's average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.70% 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 Teikoku Sen-I Co was 11.60% per year. The lowest was 7.10% per year. And the median was 10.15% per year.

As of today (2026-07-14), Teikoku Sen-I Co's current stock price is 円3400.00. Teikoku Sen-I Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円2,324.59. Teikoku Sen-I Co's Cyclically Adjusted PB Ratio of today is 1.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Teikoku Sen-I Co was 2.55. The lowest was 0.79. And the median was 1.31.


Teikoku Sen-I Co  (TSE:3302) 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.

Teikoku Sen-I Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3400.00/2324.59
=1.46

* 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 Teikoku Sen-I Co was 2.55. The lowest was 0.79. And the median was 1.31.


Be Aware

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


Teikoku Sen-I Co Cyclically Adjusted Book per Share Related Terms


Teikoku Sen-I Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Teikoku Sen-I 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.

Teikoku Sen-I Co Cyclically Adjusted Book per Share Chart

Teikoku Sen-I Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,696.04 1,893.70 2,036.33 2,191.80 2,324.59

Teikoku Sen-I 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 2,217.17 2,250.24 2,279.86 2,324.59 0.00

TSE:3302 vs CAT, DE, PCAR: Cyclically Adjusted Book per Share Comparison

For the Farm & Heavy Construction Machinery subindustry, Teikoku Sen-I 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.


Teikoku Sen-I Co Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Teikoku Sen-I Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Teikoku Sen-I Co's Cyclically Adjusted PB Ratio falls into.


TSE:3302
85GF Score
Teikoku Sen-I Co Ltd TSE:3302
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Teikoku Sen-I 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, Teikoku Sen-I Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book= Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=2827.569/113.0000*113.0000
=2,827.569

Current CPI (Dec. 2025) = 113.0000.

Teikoku Sen-I Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 1,625.239 97.900 1,875.914
201606 1,615.064 98.100 1,860.369
201609 1,605.763 98.000 1,851.543
201612 1,676.814 98.400 1,925.610
201703 1,700.773 98.100 1,959.096
201706 1,750.068 98.500 2,007.692
201709 1,735.168 98.800 1,984.554
201712 1,871.649 99.400 2,127.730
201803 1,830.307 99.200 2,084.926
201806 1,885.423 99.200 2,147.710
201809 1,861.271 99.900 2,105.342
201812 1,808.463 99.700 2,049.712
201903 1,896.411 99.700 2,149.393
201906 1,790.999 99.800 2,027.885
201909 1,925.517 100.100 2,173.661
201912 2,099.235 100.500 2,360.334
202003 2,035.225 100.300 2,292.925
202006 1,987.753 99.900 2,248.409
202009 1,985.259 99.900 2,245.588
202012 2,089.314 99.300 2,377.568
202103 2,198.439 99.900 2,486.723
202106 2,166.085 99.500 2,459.976
202109 2,179.377 100.100 2,460.236
202112 2,179.313 100.100 2,460.164
202203 2,219.667 101.100 2,480.933
202206 2,153.957 101.800 2,390.935
202209 2,174.946 103.100 2,383.791
202212 2,222.135 104.100 2,412.116
202303 2,264.707 104.400 2,451.263
202306 2,352.462 105.200 2,526.884
202309 2,407.445 106.200 2,561.594
202312 2,493.535 106.800 2,638.291
202403 2,575.014 107.200 2,714.334
202406 2,522.606 108.200 2,634.515
202409 2,522.401 108.900 2,617.367
202412 2,544.414 110.700 2,597.279
202503 2,594.707 111.100 2,639.081
202506 2,607.548 111.700 2,637.895
202509 2,722.192 112.000 2,746.497
202512 2,827.569 113.000 2,827.569

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 円2,324.59 mean?
Teikoku Sen-I Co (TSE:3302) has a Cyclically Adjusted Book per Share of 円2,324.59 as of Dec. 2025. 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 Teikoku Sen-I Co and its competitors.
Is Teikoku Sen-I Co's Cyclically Adjusted Book per Share too high?
Teikoku Sen-I Co's current Cyclically Adjusted Book per Share is 円2,324.59. Overall, Teikoku Sen-I Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Teikoku Sen-I Co's Cyclically Adjusted Book per Share compare to CAT and DE?
Teikoku Sen-I Co's Cyclically Adjusted Book per Share of 円2,324.59 can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Cyclically Adjusted Book per Share depends on the Farm & Heavy Construction Machinery 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 Teikoku Sen-I Co and its competitors. Teikoku Sen-I Co's current Cyclically Adjusted Book per Share is 円2,324.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teikoku Sen-I Co stock overvalued right now?
Based on GuruFocus' analysis, Teikoku Sen-I Co (TSE:3302) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,962.74, compared to a current price of 円3,400.00 — trading 14.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is 円2,324.59. Teikoku Sen-I Co's overall GF Score™ is 85/100 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 Teikoku Sen-I Co (TSE:3302), the current Cyclically Adjusted Book per Share is 円2,324.59 as of Dec. 2025. 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 Teikoku Sen-I Co (TSE:3302) Overvalued in 2026?

Based on GuruFocus' analysis, Teikoku Sen-I Co stock appears to be overvalued. The current stock price of 円3,400.00 is trading 14.8% above its estimated GF Value™ of 円2,962.74. GuruFocus considers Teikoku Sen-I Co to be Modestly Overvalued.

Key valuation signals for TSE:3302:

  • Cyclically Adjusted Book per Share: 円2,324.59
  • GF Value™: 円2,962.74 vs. price of 円3,400.00 (14.8% above fair value)
  • GF Score™: 85/100 with 4 warning signs

No single metric tells the full story. See the TSE:3302 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Teikoku Sen-I Co Business Description

Address 5-13, Nihonbashi 2-Chome, Chuo-Ku, Tokyo, JPN
Teikoku Sen-I Co Ltd manufactures and sells disaster prevention products and equipment. It offers disaster prevention products including fire hoses and fire-fighting systems; rescue and special purpose vehicles; rescue and search equipment; and anti-CBRNE terrorism and HazMat equipment consisting of detection, decontamination, protection, monitoring, and other equipment. It also provides firefighting and specialized protective clothing products; industrial rubber goods and tents; and linen yarns and fabrics. The company also offers related equipment all over Japan.
85GF Score

Get the complete analysis for TSE:3302

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

円3,400.00
Price
円2,962.74
GF Value