Kintetsu Group Holdings Co (TSE:9041) Cyclically Adjusted Book per Share: 円2,366.13 (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.

TSE:9041 Kintetsu Group Holdings Co Ltd TSE:9041
75 GF Score
Price 円3,476.00
GF Value 円3,586.15
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Kintetsu Group Holdings Co Cyclically Adjusted Book per Share?

Kintetsu Group Holdings Co TSE:9041 -0.29% 75 Cyclically Adjusted Book per Share is 円2,366.13 as of Mar. 2026. GuruFocus rates TSE:9041 with a GF Score™ of 75/100 and a GF Value™ of 円3,586.15 (Fairly Valued). The stock has 5 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.

Kintetsu Group Holdings Co's adjusted book value per share for the three months ended in Mar. 2026 was 円3,216.994. 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2,366.13 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Kintetsu Group Holdings Co's average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.80% 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 Kintetsu Group Holdings Co was 8.50% per year. The lowest was 5.70% per year. And the median was 7.05% per year.

As of today (2026-07-17), Kintetsu Group Holdings Co's current stock price is 円3476.00. Kintetsu Group Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,366.13. Kintetsu Group Holdings Co's Cyclically Adjusted PB Ratio of today is 1.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kintetsu Group Holdings Co was 4.14. The lowest was 1.20. And the median was 2.47.


Kintetsu Group Holdings Co  (TSE:9041) 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.

Kintetsu Group Holdings Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3476.00/2366.13
=1.47

* 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 Kintetsu Group Holdings Co was 4.14. The lowest was 1.20. And the median was 2.47.


Be Aware

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


Kintetsu Group Holdings Co Cyclically Adjusted Book per Share Related Terms


Kintetsu Group Holdings Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Kintetsu Group Holdings 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.

Kintetsu Group Holdings Co Cyclically Adjusted Book per Share Chart

Kintetsu Group Holdings 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 1,741.38 1,903.15 2,053.15 2,221.94 2,366.13

Kintetsu Group Holdings 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 2,221.94 2,260.40 2,293.64 2,340.88 2,366.13

TSE:9041 vs HON, MMM: Cyclically Adjusted Book per Share Comparison

For the Conglomerates subindustry, Kintetsu Group Holdings 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.


Kintetsu Group Holdings Co Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kintetsu Group Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kintetsu Group Holdings Co's Cyclically Adjusted PB Ratio falls into.


TSE:9041
75GF Score
Kintetsu Group Holdings Co Ltd TSE:9041
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kintetsu Group Holdings 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, Kintetsu Group Holdings 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)
=3216.994/112.7000*112.7000
=3,216.994

Current CPI (Mar. 2026) = 112.7000.

Kintetsu Group Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,664.994 98.100 1,912.791
201609 1,667.208 98.000 1,917.289
201612 1,750.567 98.400 2,004.969
201703 1,780.163 98.100 2,045.101
201706 1,779.285 98.500 2,035.791
201709 1,831.181 98.800 2,088.807
201712 1,895.666 99.400 2,149.311
201803 1,927.211 99.200 2,189.483
201806 1,915.671 99.200 2,176.372
201809 1,985.373 99.900 2,239.755
201812 2,037.775 99.700 2,303.483
201903 2,010.852 99.700 2,273.049
201906 1,993.251 99.800 2,250.896
201909 2,042.472 100.100 2,299.566
201912 2,105.965 100.500 2,361.614
202003 1,983.108 100.300 2,228.278
202006 1,805.943 99.900 2,037.335
202009 1,763.643 99.900 1,989.615
202012 1,742.722 99.300 1,977.893
202103 1,686.538 99.900 1,902.631
202106 1,725.057 99.500 1,953.909
202109 1,726.808 100.100 1,944.168
202112 2,021.690 100.100 2,276.168
202203 1,990.830 101.100 2,219.254
202206 2,065.185 101.800 2,286.310
202209 2,234.812 103.100 2,442.903
202212 2,336.415 104.100 2,529.433
202303 2,323.325 104.400 2,508.034
202306 2,405.221 105.200 2,576.696
202309 2,508.155 106.200 2,661.667
202312 2,562.734 106.800 2,704.308
202403 2,743.835 107.200 2,884.610
202406 0.000 108.200 0.000
202409 2,803.199 108.900 2,901.015
202412 2,895.511 110.700 2,947.824
202503 2,861.241 111.100 2,902.447
202506 2,863.148 111.700 2,888.780
202509 2,964.361 112.000 2,982.888
202512 3,075.629 113.000 3,067.464
202603 3,216.994 112.700 3,216.994

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2,366.13 mean?
Kintetsu Group Holdings Co (TSE:9041) has a Cyclically Adjusted Book per Share of 円2,366.13 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 Kintetsu Group Holdings Co and its competitors.
Is Kintetsu Group Holdings Co's Cyclically Adjusted Book per Share too high?
Kintetsu Group Holdings Co's current Cyclically Adjusted Book per Share is 円2,366.13. Overall, Kintetsu Group Holdings Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kintetsu Group Holdings Co's Cyclically Adjusted Book per Share compare to HON and MMM?
Kintetsu Group Holdings Co's Cyclically Adjusted Book per Share of 円2,366.13 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Cyclically Adjusted Book per Share depends on the Conglomerates 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 Kintetsu Group Holdings Co and its competitors. Kintetsu Group Holdings Co's current Cyclically Adjusted Book per Share is 円2,366.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kintetsu Group Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Kintetsu Group Holdings Co (TSE:9041) is currently considered Fairly Valued. The stock's GF Value™ is 円3,586.15, compared to a current price of 円3,476.00 — trading 3.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円2,366.13. Kintetsu Group Holdings Co's overall GF Score™ is 75/100 with 5 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 Kintetsu Group Holdings Co (TSE:9041), the current Cyclically Adjusted Book per Share is 円2,366.13 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 Kintetsu Group Holdings Co (TSE:9041) Overvalued in 2026?

Based on GuruFocus' analysis, Kintetsu Group Holdings Co stock appears to be undervalued. The current stock price of 円3,476.00 is trading 3.1% below its estimated GF Value™ of 円3,586.15. GuruFocus considers Kintetsu Group Holdings Co to be Fairly Valued.

Key valuation signals for TSE:9041:

  • Cyclically Adjusted Book per Share: 円2,366.13
  • GF Value™: 円3,586.15 vs. price of 円3,476.00 (3.1% below fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the TSE:9041 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kintetsu Group Holdings Co Business Description

Address 6-1-55 Uehonmachi, Tennoji-ku, Osaka, JPN, 543-8585
Kintetsu Group Holdings Co Ltd operates a diverse range of businesses with a primary focus on railway operations. The group has six reportable segments: Transportation, Real Estate, International Logistics, Distribution, Hotels & Leisure, and Other. Its Transportation segment includes railway, bus, and taxi operations; Real Estate covers real estate sales, rental, and management; International Logistics involves air and sea freight transport; Distribution handles sales in department stores and station kiosks; Hotels & Leisure includes travel, hotel, and inn operations; while the Other segment engages in the manufacture and sale of metal machinery and equipment, as well as cable television and information processing operations. It generates majority of revenue from International logistics.
75GF Score

Get the complete analysis for TSE:9041

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

円3,476.00
Price
円3,586.15
GF Value