Okamura (TSE:7994) Cyclically Adjusted Book per Share: 円1,550.94 (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
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:7994 Okamura Corp TSE:7994
86 GF Score
Price 円2,263.00
GF Value 円2,432.82
Valuation Fairly Valued
! 1 Warning Sign
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What is Okamura Cyclically Adjusted Book per Share?

Okamura TSE:7994 -0.44% 86 Cyclically Adjusted Book per Share is 円1,550.94 as of Mar. 2026. GuruFocus rates TSE:7994 with a GF Score™ of 86/100 and a GF Value™ of 円2,432.82 (Fairly Valued). 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.

Okamura's adjusted book value per share for the three months ended in Mar. 2026 was 円2,156.115. 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1,550.94 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Okamura's average Cyclically Adjusted Book Growth Rate was 7.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.30% 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 Okamura was 9.90% per year. The lowest was 5.40% per year. And the median was 8.45% per year.

As of today (2026-07-14), Okamura's current stock price is 円2263.00. Okamura's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,550.94. Okamura's Cyclically Adjusted PB Ratio of today is 1.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Okamura was 2.02. The lowest was 0.71. And the median was 1.44.


Okamura  (TSE:7994) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2263.00/1550.94
=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 Okamura was 2.02. The lowest was 0.71. And the median was 1.44.


Be Aware

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


Okamura Cyclically Adjusted Book per Share Related Terms


Okamura Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Okamura'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.

Okamura Cyclically Adjusted Book per Share Chart

Okamura 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 1,083.35 1,189.48 1,302.31 1,437.05 1,550.94

Okamura 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 1,437.05 1,466.34 1,493.38 1,529.31 1,550.94

Okamura Cyclically Adjusted Book per Share Competitor Comparison

For the Business Equipment & Supplies subindustry, Okamura'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.


Okamura Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:7994
86GF Score
Okamura Corp TSE:7994
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Okamura 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, Okamura'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)
=2156.115/112.7000*112.7000
=2,156.115

Current CPI (Mar. 2026) = 112.7000.

Okamura Quarterly Data

Book Value per Share CPI Adj_Book
201606 970.308 98.100 1,114.717
201609 981.183 98.000 1,128.360
201612 997.458 98.400 1,142.414
201703 1,032.054 98.100 1,185.652
201706 1,051.717 98.500 1,203.335
201709 1,072.786 98.800 1,223.714
201712 1,090.933 99.400 1,236.903
201803 1,136.792 99.200 1,291.497
201806 1,147.449 99.200 1,303.604
201809 1,185.288 99.900 1,337.157
201812 1,125.825 99.700 1,272.623
201903 1,179.613 99.700 1,333.424
201906 1,170.462 99.800 1,321.754
201909 1,191.134 100.100 1,341.067
201912 1,206.658 100.500 1,353.138
202003 1,219.163 100.300 1,369.887
202006 1,228.753 99.900 1,386.191
202009 1,263.107 99.900 1,424.947
202012 1,317.647 99.300 1,495.456
202103 1,381.592 99.900 1,558.613
202106 1,374.110 99.500 1,556.404
202109 1,408.118 100.100 1,585.364
202112 1,397.602 100.100 1,573.524
202203 1,459.335 101.100 1,626.776
202206 1,472.267 101.800 1,629.907
202209 1,497.601 103.100 1,637.048
202212 1,507.177 104.100 1,631.689
202303 1,592.780 104.400 1,719.409
202306 1,655.876 105.200 1,773.928
202309 1,704.984 106.200 1,809.338
202312 1,689.686 106.800 1,783.030
202403 1,821.077 107.200 1,914.509
202406 1,821.867 108.200 1,897.638
202409 1,823.797 108.900 1,887.437
202412 1,817.096 110.700 1,849.925
202503 1,956.307 111.100 1,984.481
202506 1,947.700 111.700 1,965.137
202509 2,001.415 112.000 2,013.924
202512 2,022.804 113.000 2,017.434
202603 2,156.115 112.700 2,156.115

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1,550.94 mean?
Okamura (TSE:7994) has a Cyclically Adjusted Book per Share of 円1,550.94 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 Okamura and its competitors.
Is Okamura's Cyclically Adjusted Book per Share too high?
Okamura's current Cyclically Adjusted Book per Share is 円1,550.94. Overall, Okamura has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Okamura's Cyclically Adjusted Book per Share compare to competitors?
Okamura's Cyclically Adjusted Book per Share of 円1,550.94 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 Okamura and its competitors. Okamura's current Cyclically Adjusted Book per Share is 円1,550.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okamura stock overvalued right now?
Based on GuruFocus' analysis, Okamura (TSE:7994) is currently considered Fairly Valued. The stock's GF Value™ is 円2,432.82, compared to a current price of 円2,263.00 — trading 7% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円1,550.94. Okamura's overall GF Score™ is 86/100 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 Okamura (TSE:7994), the current Cyclically Adjusted Book per Share is 円1,550.94 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 Okamura (TSE:7994) Overvalued in 2026?

Based on GuruFocus' analysis, Okamura stock appears to be undervalued. The current stock price of 円2,263.00 is trading 7% below its estimated GF Value™ of 円2,432.82. GuruFocus considers Okamura to be Fairly Valued.

Key valuation signals for TSE:7994:

  • Cyclically Adjusted Book per Share: 円1,550.94
  • GF Value™: 円2,432.82 vs. price of 円2,263.00 (7% below fair value)
  • GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the TSE:7994 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Okamura Business Description

Other Exchanges OKAMF:USA
Address Bldg 19, No. 1, No. 4 Tenri Kitasaiwai 1-chome, Nishi-ku, Yokohama, JPN, 220-0004
Okamura Corp is a Japanese manufacturer that operates through three segments. The office furniture segment provides office seating, desks, storage, filing supplies, room furniture, and fixtures. The store displays segment comprises products including display fixtures for food and stores, checkout facilities, and showcases. The material handling systems and others segment consists of automated warehouse, conveyor systems, sorting systems, shelves, and equipment for plants and warehouses. Combined, the office furniture and store displays segments contribute the majority of group sales. Okamura's products are manufactured both in Japan and overseas and are delivered across the world by its distribution network.
86GF Score

Get the complete analysis for TSE:7994

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

円2,263.00
Price
円2,432.82
GF Value