ARSWF (Arisawa Mfg Co) Cyclically Adjusted PB Ratio: 1.49 (As of Jul. 15, 2026) — 84% Above Median

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ARSWF Arisawa Mfg Co Ltd ARSWF
82 GF Score
Price $3.15
GF Value $2.22
! 2 Warning Signs
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What is Arisawa Mfg Co Cyclically Adjusted PB Ratio?

Arisawa Mfg Co ARSWF 82 Cyclically Adjusted PB Ratio is 1.49 as of Jul. 15, 2026, which is 84% above its 10-year median of 0.81. GuruFocus rates ARSWF with a GF Score™ of 82/100 and a GF Value™ of $2.22. The stock has 2 warning signs investors should review. Among 1,983 Hardware companies, Arisawa Mfg Co ranks better than 58.19% on this metric.

As of today (2026-07-15), Arisawa Mfg Co's current share price is $3.15. Arisawa Mfg Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $2.12. Arisawa Mfg Co's Cyclically Adjusted PB Ratio for today is 1.49.

The historical rank and industry rank for Arisawa Mfg Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

ARSWF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.81   Max: 1.83
Current: 1.64

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

ARSWF's Cyclically Adjusted PB Ratio is ranked better than
58.19% of 1983 companies
in the Hardware industry
Industry Median: 2.15 vs ARSWF: 1.64

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 adjusted book value per share data for the three months ended in Mar. 2026 was $9.746. 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 $2.12 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arisawa Mfg Co  (OTCPK:ARSWF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Arisawa Mfg Co Cyclically Adjusted PB Ratio Related Terms


Arisawa Mfg Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arisawa Mfg Co's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Arisawa Mfg Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.90 0.79 0.92 1.49

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 PB Ratio 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 0.92 0.97 1.07 1.13 1.49

ARSWF vs APH, GLW: Cyclically Adjusted PB Ratio 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.


ARSWF
82GF Score
Arisawa Mfg Co Ltd ARSWF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arisawa Mfg Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.15/2.12
=1.49

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

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)
=9.746/112.7000*112.7000
=9.746

Current CPI (Mar. 2026) = 112.7000.

Arisawa Mfg Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.677 98.100 13.415
201609 12.062 98.000 13.871
201612 11.066 98.400 12.674
201703 11.468 98.100 13.175
201706 11.824 98.500 13.529
201709 11.937 98.800 13.616
201712 12.326 99.400 13.975
201803 13.029 99.200 14.802
201806 12.269 99.200 13.939
201809 12.330 99.900 13.910
201812 12.332 99.700 13.940
201903 12.612 99.700 14.256
201906 12.666 99.800 14.303
201909 12.599 100.100 14.185
201912 12.813 100.500 14.368
202003 12.936 100.300 14.535
202006 12.901 99.900 14.554
202009 13.272 99.900 14.973
202012 14.569 99.300 16.535
202103 12.828 99.900 14.472
202106 12.457 99.500 14.110
202109 13.068 100.100 14.713
202112 12.672 100.100 14.267
202203 12.135 101.100 13.527
202206 10.386 101.800 11.498
202209 10.022 103.100 10.955
202212 10.693 104.100 11.576
202303 10.653 104.400 11.500
202306 9.479 105.200 10.155
202309 9.173 106.200 9.734
202312 9.549 106.800 10.077
202403 9.311 107.200 9.789
202406 8.889 108.200 9.259
202409 10.194 108.900 10.550
202412 9.137 110.700 9.302
202503 9.807 111.100 9.948
202506 9.746 111.700 9.833
202509 9.813 112.000 9.874
202512 9.343 113.000 9.318
202603 9.746 112.700 9.746

Add all the adjusted book value per share together and divide the count will get our 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.

What does a Cyclically Adjusted PB Ratio of 1.49 mean?
Arisawa Mfg Co (ARSWF) has a Cyclically Adjusted PB Ratio of 1.49 as of Jul. 15, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Arisawa Mfg Co and its competitors. This is 84% above median its historical median of 0.81. Over the past decade, Arisawa Mfg Co's Cyclically Adjusted PB Ratio has ranged from 0.58 to 1.83. According to the industry distribution chart, Arisawa Mfg Co ranks #829 out of 1983 companies in the Hardware industry, placing it in the top 41.8%.
Is Arisawa Mfg Co's Cyclically Adjusted PB Ratio too high?
Arisawa Mfg Co's current Cyclically Adjusted PB Ratio of 1.49 is 84% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.83. The Hardware industry median Cyclically Adjusted PB Ratio is 2.15. Arisawa Mfg Co's value of 1.49 is 30.7% below this industry median. Based on the distribution chart, Arisawa Mfg Co ranks #829 out of 1983 companies in the Hardware industry, which is above the industry midpoint. Overall, Arisawa Mfg Co has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Arisawa Mfg Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Arisawa Mfg Co ranks #829 out of 1983 companies for Cyclically Adjusted PB Ratio. This puts Arisawa Mfg Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.15. Arisawa Mfg Co's value of 1.49 is 30.7% below this benchmark. Historically, Arisawa Mfg Co's own Cyclically Adjusted PB Ratio has ranged from 0.58 to 1.83 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 2.15, Arisawa Mfg Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.15, based on 1,983 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arisawa Mfg Co's current Cyclically Adjusted PB Ratio of 1.49 is 30.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Arisawa Mfg Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arisawa Mfg Co's current Cyclically Adjusted PB Ratio is 1.49, which is 84% above median its own 10-year median of 0.81. 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?
Arisawa Mfg Co (ARSWF) has a current Cyclically Adjusted PB Ratio of 1.49. The stock's GF Value™ is $2.22, compared to a current price of $3.15 — trading 41.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.49, which is 84% above median its 10-year median of 0.81 and 30.7% below the Hardware industry median of 2.15. 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Arisawa Mfg Co (ARSWF), the current Cyclically Adjusted PB Ratio is 1.49 as of Jul. 15, 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 (ARSWF) Overvalued in 2026?

Based on GuruFocus' analysis, Arisawa Mfg Co stock appears to be overvalued. The current stock price of $3.15 is trading 41.9% above its estimated GF Value™ of $2.22.

Key valuation signals for ARSWF:

  • Cyclically Adjusted PB Ratio: 1.49 (84% above median its 10-year median of 0.81)
  • GF Value™: $2.22 vs. price of $3.15 (41.9% above fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 30.7% below the Hardware median (#829 of 1983)

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


Arisawa Mfg Co Business Description

Other Exchanges 5208:Japan
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 ARSWF

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

$3.15
Price
$2.22
GF Value