Arisawa Mfg Co (TSE:5208) Cyclically Adjusted Book per Share: 円1,524.70 (As of Mar. 2026)

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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
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TSE:5208 Arisawa Mfg Co Ltd TSE:5208
82 GF Score
Price 円2,509.00
GF Value 円1,771.40
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Arisawa Mfg Co Cyclically Adjusted Book per Share?

Arisawa Mfg Co TSE:5208 +1.91% 82 Cyclically Adjusted Book per Share is 円1,524.70 as of Mar. 2026. GuruFocus rates TSE:5208 with a GF Score™ of 82/100 and a GF Value™ of 円1,771.40 (Significantly Overvalued). The stock has 2 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.

Arisawa Mfg Co's adjusted book value per share for the three months ended in Mar. 2026 was 円1,546.500. 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1,524.70 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Arisawa Mfg Co's average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.00% 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 Arisawa Mfg Co was 4.50% per year. The lowest was 1.70% per year. And the median was 3.00% per year.

As of today (2026-07-14), Arisawa Mfg Co's current stock price is 円2509.00. Arisawa Mfg Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,524.70. Arisawa Mfg Co's Cyclically Adjusted PB Ratio of today is 1.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Arisawa Mfg Co was 1.83. The lowest was 0.58. And the median was 0.81.


Arisawa Mfg Co  (TSE:5208) 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.

Arisawa Mfg Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2509.00/1524.70
=1.65

* 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 Arisawa Mfg Co was 1.83. The lowest was 0.58. And the median was 0.81.


Be Aware

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


Arisawa Mfg Co Cyclically Adjusted Book per Share Related Terms


Arisawa Mfg Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Arisawa Mfg 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.

Arisawa Mfg Co Cyclically Adjusted Book per Share Chart

Arisawa Mfg 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 1,318.34 1,396.35 1,446.16 1,504.09 1,524.70

Arisawa Mfg 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 1,504.09 1,510.91 1,514.64 1,527.11 1,524.70

TSE:5208 vs APH, GLW: Cyclically Adjusted Book per Share Comparison

For the Electronic Components subindustry, Arisawa Mfg 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.


Arisawa Mfg Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Arisawa Mfg Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:5208
82GF Score
Arisawa Mfg Co Ltd TSE:5208
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arisawa Mfg 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, Arisawa Mfg 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)
=1546.5/112.7000*112.7000
=1,546.500

Current CPI (Mar. 2026) = 112.7000.

Arisawa Mfg Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,230.200 98.100 1,413.288
201609 1,227.675 98.000 1,411.826
201612 1,283.594 98.400 1,470.133
201703 1,294.948 98.100 1,487.672
201706 1,311.424 98.500 1,500.482
201709 1,322.320 98.800 1,508.355
201712 1,392.108 99.400 1,578.376
201803 1,381.702 99.200 1,569.736
201806 1,350.347 99.200 1,534.114
201809 1,382.108 99.900 1,559.195
201812 1,383.640 99.700 1,564.054
201903 1,401.766 99.700 1,584.544
201906 1,368.840 99.800 1,545.774
201909 1,354.869 100.100 1,525.412
201912 1,397.880 100.500 1,567.573
202003 1,392.744 100.300 1,564.928
202006 1,387.828 99.900 1,565.648
202009 1,401.359 99.900 1,580.913
202012 1,512.145 99.300 1,716.201
202103 1,394.337 99.900 1,572.991
202106 1,371.587 99.500 1,553.546
202109 1,439.581 100.100 1,620.787
202112 1,442.546 100.100 1,624.125
202203 1,438.949 101.100 1,604.051
202206 1,391.271 101.800 1,540.238
202209 1,435.955 103.100 1,569.662
202212 1,442.706 104.100 1,561.892
202303 1,423.968 104.400 1,537.176
202306 1,339.925 105.200 1,435.452
202309 1,356.115 106.200 1,439.116
202312 1,374.892 106.800 1,450.846
202403 1,394.890 107.200 1,466.456
202406 1,403.155 108.200 1,461.512
202409 1,457.216 108.900 1,508.065
202412 1,405.415 110.700 1,430.806
202503 1,461.833 111.100 1,482.886
202506 1,408.159 111.700 1,420.766
202509 1,450.987 112.000 1,460.056
202512 1,456.765 113.000 1,452.897
202603 1,546.500 112.700 1,546.500

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1,524.70 mean?
Arisawa Mfg Co (TSE:5208) has a Cyclically Adjusted Book per Share of 円1,524.70 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 Arisawa Mfg Co and its competitors.
Is Arisawa Mfg Co's Cyclically Adjusted Book per Share too high?
Arisawa Mfg Co's current Cyclically Adjusted Book per Share is 円1,524.70. Overall, Arisawa Mfg Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arisawa Mfg Co's Cyclically Adjusted Book per Share compare to APH and GLW?
Arisawa Mfg Co's Cyclically Adjusted Book per Share of 円1,524.70 can be compared against companies in the Hardware 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 Hardware company?
A good Cyclically Adjusted Book per Share depends on the Hardware 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 Arisawa Mfg Co and its competitors. Arisawa Mfg Co's current Cyclically Adjusted Book per Share is 円1,524.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arisawa Mfg Co stock overvalued right now?
Based on GuruFocus' analysis, Arisawa Mfg Co (TSE:5208) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,771.40, compared to a current price of 円2,509.00 — trading 41.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is 円1,524.70. Arisawa Mfg Co's overall GF Score™ is 82/100 with 2 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 Arisawa Mfg Co (TSE:5208), the current Cyclically Adjusted Book per Share is 円1,524.70 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 Arisawa Mfg Co (TSE:5208) Overvalued in 2026?

Based on GuruFocus' analysis, Arisawa Mfg Co stock appears to be overvalued. The current stock price of 円2,509.00 is trading 41.6% above its estimated GF Value™ of 円1,771.40. GuruFocus considers Arisawa Mfg Co to be Significantly Overvalued.

Key valuation signals for TSE:5208:

  • Cyclically Adjusted Book per Share: 円1,524.70
  • GF Value™: 円1,771.40 vs. price of 円2,509.00 (41.6% above fair value)
  • GF Score™: 82/100 with 2 warning signs

No single metric tells the full story. See the TSE:5208 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arisawa Mfg Co Business Description

Address 1-5-5 Minamihon town City, Niigata Prefecture, Joetsu, JPN, 943-8610
Arisawa Mfg Co Ltd is a Japanese based company, engages in the manufacture and sale of electronic materials of electronic materials. The company provides electronic materials used in personal computers and cellular phones; and optoelectronic materials such as Fresnel lenses for projection TV; electrical insulating materials; and structural materials. It also offers display materials comprising anti-reflection films, 3D display filters, special optical films, 3D display equipment, polarizing plates, hard-coating films, and projection screens.
82GF Score

Get the complete analysis for TSE:5208

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

円2,509.00
Price
円1,771.40
GF Value