Mitsui O.S.K. Lines (TSE:9104) Cyclically Adjusted Book per Share: 円3,864.39 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:9104 Mitsui O.S.K. Lines Ltd TSE:9104
68 GF Score
Price 円5,609.00
GF Value 円5,725.80
Valuation Fairly Valued
! 4 Warning Signs
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What is Mitsui O.S.K. Lines Cyclically Adjusted Book per Share?

Mitsui O.S.K. Lines TSE:9104 +1.58% 68 Cyclically Adjusted Book per Share is 円3,864.39 as of Mar. 2026. GuruFocus rates TSE:9104 with a GF Score™ of 68/100 and a GF Value™ of 円5,725.80 (Fairly Valued). 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.

Mitsui O.S.K. Lines's adjusted book value per share for the three months ended in Mar. 2026 was 円8,365.564. 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3,864.39 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mitsui O.S.K. Lines's average Cyclically Adjusted Book Growth Rate was 18.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 21.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 19.10% per year. During the past 10 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 Mitsui O.S.K. Lines was 21.90% per year. The lowest was -2.20% per year. And the median was 6.70% per year.

As of today (2026-07-17), Mitsui O.S.K. Lines's current stock price is 円5609.00. Mitsui O.S.K. Lines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円3,864.39. Mitsui O.S.K. Lines's Cyclically Adjusted PB Ratio of today is 1.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mitsui O.S.K. Lines was 2.19. The lowest was 0.29. And the median was 1.01.


Mitsui O.S.K. Lines  (TSE:9104) 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.

Mitsui O.S.K. Lines's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5609.00/3864.39
=1.45

* 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 Mitsui O.S.K. Lines was 2.19. The lowest was 0.29. And the median was 1.01.


Be Aware

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


Mitsui O.S.K. Lines Cyclically Adjusted Book per Share Related Terms


Mitsui O.S.K. Lines Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Mitsui O.S.K. Lines'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.

Mitsui O.S.K. Lines Cyclically Adjusted Book per Share Chart

Mitsui O.S.K. Lines 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 1,801.28 2,177.19 2,651.28 3,265.52 3,864.39

Mitsui O.S.K. Lines 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 3,265.52 3,404.52 3,540.68 3,708.70 3,864.39

Mitsui O.S.K. Lines Cyclically Adjusted Book per Share Competitor Comparison

For the Marine Shipping subindustry, Mitsui O.S.K. Lines'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.


Mitsui O.S.K. Lines Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Mitsui O.S.K. Lines's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mitsui O.S.K. Lines's Cyclically Adjusted PB Ratio falls into.


TSE:9104
68GF Score
Mitsui O.S.K. Lines Ltd TSE:9104
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsui O.S.K. Lines 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, Mitsui O.S.K. Lines'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)
=8365.564/112.7000*112.7000
=8,365.564

Current CPI (Mar. 2026) = 112.7000.

Mitsui O.S.K. Lines Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,441.426 98.100 1,655.950
201609 1,399.377 98.000 1,609.284
201612 1,461.553 98.400 1,673.953
201703 1,600.897 98.100 1,839.155
201706 1,587.032 98.500 1,815.822
201709 1,605.582 98.800 1,831.469
201712 1,673.154 99.400 1,897.027
201803 1,430.574 99.200 1,625.259
201806 1,406.088 99.200 1,597.441
201809 1,495.404 99.900 1,687.007
201812 1,498.999 99.700 1,694.455
201903 1,468.477 99.700 1,659.953
201906 1,433.604 99.800 1,618.910
201909 1,414.888 100.100 1,592.986
201912 1,466.155 100.500 1,644.136
202003 1,435.351 100.300 1,612.802
202006 1,376.625 99.900 1,553.009
202009 1,426.491 99.900 1,609.265
202012 1,490.337 99.300 1,691.450
202103 1,613.790 99.900 1,820.562
202106 1,965.104 99.500 2,225.801
202109 2,432.768 100.100 2,738.991
202112 2,953.405 100.100 3,325.162
202203 3,534.458 101.100 3,939.994
202206 4,010.878 101.800 4,440.334
202209 5,142.781 103.100 5,621.643
202212 5,269.085 104.100 5,704.379
202303 5,323.858 104.400 5,747.115
202306 5,535.903 105.200 5,930.573
202309 5,971.455 106.200 6,336.940
202312 6,291.750 106.800 6,639.328
202403 6,497.066 107.200 6,830.404
202406 7,036.924 108.200 7,329.587
202409 7,344.697 108.900 7,600.986
202412 7,305.733 110.700 7,437.725
202503 7,688.081 111.100 7,798.800
202506 7,346.662 111.700 7,412.433
202509 7,523.247 112.000 7,570.267
202512 7,870.475 113.000 7,849.580
202603 8,365.564 112.700 8,365.564

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3,864.39 mean?
Mitsui O.S.K. Lines (TSE:9104) has a Cyclically Adjusted Book per Share of 円3,864.39 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 Mitsui O.S.K. Lines and its competitors.
Is Mitsui O.S.K. Lines' Cyclically Adjusted Book per Share too high?
Mitsui O.S.K. Lines' current Cyclically Adjusted Book per Share is 円3,864.39. Overall, Mitsui O.S.K. Lines has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitsui O.S.K. Lines' Cyclically Adjusted Book per Share compare to competitors?
Mitsui O.S.K. Lines' Cyclically Adjusted Book per Share of 円3,864.39 can be compared against companies in the Transportation 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 Transportation company?
A good Cyclically Adjusted Book per Share depends on the Transportation 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 Mitsui O.S.K. Lines and its competitors. Mitsui O.S.K. Lines's current Cyclically Adjusted Book per Share is 円3,864.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsui O.S.K. Lines stock overvalued right now?
Based on GuruFocus' analysis, Mitsui O.S.K. Lines (TSE:9104) is currently considered Fairly Valued. The stock's GF Value™ is 円5,725.80, compared to a current price of 円5,609.00 — trading 2% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円3,864.39. Mitsui O.S.K. Lines' overall GF Score™ is 68/100 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 Mitsui O.S.K. Lines (TSE:9104), the current Cyclically Adjusted Book per Share is 円3,864.39 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 Mitsui O.S.K. Lines (TSE:9104) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsui O.S.K. Lines stock appears to be undervalued. The current stock price of 円5,609.00 is trading 2% below its estimated GF Value™ of 円5,725.80. GuruFocus considers Mitsui O.S.K. Lines to be Fairly Valued.

Key valuation signals for TSE:9104:

  • Cyclically Adjusted Book per Share: 円3,864.39
  • GF Value™: 円5,725.80 vs. price of 円5,609.00 (2% below fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the TSE:9104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsui O.S.K. Lines Business Description

Other Exchanges MSLOY:USAMILA:Germany
Address 2-1-1 Toranomon, Minato-ku, Tokyo, JPN, 105-8688
Mitsui O.S.K. Lines Ltd is a Japanese transportation and logistics company. The company operates through seven segments. The Car Carrier/Ports & Logistics segment manages car carriers. The Container Ship segment operates containerships. The Dry Bulk segment handles bulk vessels, and the Energy segment operates tankers, LNG carriers, and marine businesses. The Ferry/Domestic RORO Ship/Cruise segment provides passenger and cargo transport and cruise services. The Real Estate segment covers leasing and building management. Related Business includes tugboat and trading operations, while Others covers ship operation, management, chartering, and finance.
68GF Score

Get the complete analysis for TSE:9104

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

円5,609.00
Price
円5,725.80
GF Value