CHYCF (Chiyoda) Cyclically Adjusted PB Ratio: 6.56 (As of Jul. 20, 2026) — 637% Above Median

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.

CHYCF Chiyoda Corp CHYCF
64 GF Score
Price $4.13
GF Value $3.71
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Chiyoda Cyclically Adjusted PB Ratio?

Chiyoda CHYCF 64 Cyclically Adjusted PB Ratio is 6.56 as of Jul. 20, 2026, which is 637% above its 10-year median of 0.89. GuruFocus rates CHYCF with a GF Score™ of 64/100 and a GF Value™ of $3.71 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,361 Construction companies, Chiyoda ranks worse than 74.43% on this metric.

As of today (2026-07-20), Chiyoda's current share price is $4.13. Chiyoda's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $0.63. Chiyoda's Cyclically Adjusted PB Ratio for today is 6.56.

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

CHYCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.89   Max: 6.39
Current: 2.52

During the past years, Chiyoda's highest Cyclically Adjusted PB Ratio was 6.39. The lowest was 0.34. And the median was 0.89.

CHYCF's Cyclically Adjusted PB Ratio is ranked worse than
74.43% of 1361 companies
in the Construction industry
Industry Median: 1.18 vs CHYCF: 2.52

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.

Chiyoda's adjusted book value per share data for the three months ended in Dec. 2025 was $2.653. 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 $0.63 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chiyoda  (OTCPK:CHYCF) 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.


Chiyoda Cyclically Adjusted PB Ratio Related Terms


Chiyoda Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chiyoda'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.

Chiyoda Cyclically Adjusted PB Ratio Chart

Chiyoda 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 0.98 0.91 1.10 1.13 0.00

Chiyoda 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 1.13 1.22 1.50 2.91 0.00

CHYCF vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Chiyoda'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.


Chiyoda Cyclically Adjusted PB Ratio vs Construction Industry

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

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


CHYCF
64GF Score
Chiyoda Corp CHYCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chiyoda 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.

Chiyoda's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.13/0.63
=6.56

* 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.

Chiyoda's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Chiyoda's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=2.653/113.0000*113.0000
=2.653

Current CPI (Dec. 2025) = 113.0000.

Chiyoda Quarterly Data

Book Value per Share CPI Adj_Book
201603 6.844 97.900 7.900
201606 7.257 98.100 8.359
201609 7.357 98.000 8.483
201612 5.254 98.400 6.034
201703 5.312 98.100 6.119
201706 5.335 98.500 6.120
201709 5.459 98.800 6.244
201712 5.435 99.400 6.179
201803 5.737 99.200 6.535
201806 5.280 99.200 6.015
201809 1.638 99.900 1.853
201812 0.998 99.700 1.131
201903 -2.089 99.700 -2.368
201906 -1.988 99.800 -2.251
201909 0.682 100.100 0.770
201912 1.090 100.500 1.226
202003 0.876 100.300 0.987
202006 1.046 99.900 1.183
202009 1.131 99.900 1.279
202012 1.204 99.300 1.370
202103 1.293 99.900 1.463
202106 0.436 99.500 0.495
202109 0.495 100.100 0.559
202112 0.515 100.100 0.581
202203 0.510 101.100 0.570
202206 0.559 101.800 0.621
202209 0.488 103.100 0.535
202212 0.424 104.100 0.460
202303 0.641 104.400 0.694
202306 0.862 105.200 0.926
202309 0.799 106.200 0.850
202312 0.839 106.800 0.888
202403 0.125 107.200 0.132
202406 0.211 108.200 0.220
202409 0.173 108.900 0.180
202412 0.633 110.700 0.646
202503 0.614 111.100 0.625
202506 0.798 111.700 0.807
202509 1.163 112.000 1.173
202512 2.653 113.000 2.653

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 6.56 mean?
Chiyoda (CHYCF) has a Cyclically Adjusted PB Ratio of 6.56 as of Jul. 20, 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 Chiyoda and its competitors. This is 637% above median its historical median of 0.89. Over the past decade, Chiyoda's Cyclically Adjusted PB Ratio has ranged from 0.34 to 6.39. According to the industry distribution chart, Chiyoda ranks #1013 out of 1361 companies in the Construction industry, placing it in the top 74.4%.
Is Chiyoda's Cyclically Adjusted PB Ratio too high?
Chiyoda's current Cyclically Adjusted PB Ratio of 6.56 is 637% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 6.39. The Construction industry median Cyclically Adjusted PB Ratio is 1.18. Chiyoda's value of 6.56 is 455.9% above this industry median. Based on the distribution chart, Chiyoda ranks #1013 out of 1361 companies in the Construction industry, which is below the industry midpoint. Overall, Chiyoda has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chiyoda's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Chiyoda ranks #1013 out of 1361 companies for Cyclically Adjusted PB Ratio. This places Chiyoda in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Chiyoda's value of 6.56 is 455.9% above this benchmark. Historically, Chiyoda's own Cyclically Adjusted PB Ratio has ranged from 0.34 to 6.39 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 1.18, Chiyoda has consistently been above 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.18, based on 1,361 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. Chiyoda's current Cyclically Adjusted PB Ratio of 6.56 is 455.9% above 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 Chiyoda and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chiyoda's current Cyclically Adjusted PB Ratio is 6.56, which is 637% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chiyoda stock overvalued right now?
Based on GuruFocus' analysis, Chiyoda (CHYCF) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.71, compared to a current price of $4.13 — trading 11.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.56, which is 637% above median its 10-year median of 0.89 and 455.9% above the Construction industry median of 1.18. Chiyoda's overall GF Score™ is 64/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Chiyoda (CHYCF), the current Cyclically Adjusted PB Ratio is 6.56 as of Jul. 20, 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 Chiyoda (CHYCF) Overvalued in 2026?

Based on GuruFocus' analysis, Chiyoda stock appears to be overvalued. The current stock price of $4.13 is trading 11.3% above its estimated GF Value™ of $3.71. GuruFocus considers Chiyoda to be Modestly Overvalued.

Key valuation signals for CHYCF:

  • Cyclically Adjusted PB Ratio: 6.56 (637% above median its 10-year median of 0.89)
  • GF Value™: $3.71 vs. price of $4.13 (11.3% above fair value)
  • GF Score™: 64/100 with 1 warning sign
  • Industry Position: 455.9% above the Construction median (#1013 of 1361)

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


Chiyoda Business Description

Address Minatomirai 4-chome, Nishi-ku, Minatomirai Grand Central Tower 6-2, Yokohama, JPN, 220-8765
Chiyoda Corp offers engineering, procurement, and construction, or EPC, services to the energy and chemical industries. The Japanese firm is involved in two main areas of activity: energy and environment. Its energy segment involves constructing liquefied natural gas plants and other gas-related facilities. Chiyoda also provides EPC, operation, expansion, and improvement services to petrochemical and metal firms through this business. The environment segment includes EPC work on pharmaceutical manufacturers as well as preservation technology offerings like air pollution control and wastewater treatment. Chiyoda uses artificial intelligence technology to optimize plant operations in their digital transformation business. It earns the majority of its total revenue overseas.
64GF Score

Get the complete analysis for CHYCF

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

$4.13
Price
$3.71
GF Value