FKDSF (Fukuda Denshi Co) Cyclically Adjusted PB Ratio: 1.89 (As of Aug. 16, 2026) — 47% Above Median

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FKDSF Fukuda Denshi Co Ltd FKDSF
83 GF Score
Price $42.55
GF Value $26.75
! 5 Warning Signs
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What is Fukuda Denshi Co Cyclically Adjusted PB Ratio?

Fukuda Denshi Co FKDSF 83 Cyclically Adjusted PB Ratio is 1.89 as of Aug. 16, 2026, which is 47% above its 10-year median of 1.29. GuruFocus rates FKDSF with a GF Score™ of 83/100 and a GF Value™ of $26.75. The stock has 5 warning signs investors should review. Among 519 Medical Devices & Instruments companies, Fukuda Denshi Co ranks worse than 55.88% on this metric.

As of today (2026-08-16), Fukuda Denshi Co's current share price is $42.55. Fukuda Denshi Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $22.56. Fukuda Denshi Co's Cyclically Adjusted PB Ratio for today is 1.89.

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

FKDSF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.29   Max: 2.4
Current: 2.28

During the past years, Fukuda Denshi Co's highest Cyclically Adjusted PB Ratio was 2.40. The lowest was 0.94. And the median was 1.29.

FKDSF's Cyclically Adjusted PB Ratio is ranked worse than
55.88% of 519 companies
in the Medical Devices & Instruments industry
Industry Median: 1.9 vs FKDSF: 2.28

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.

Fukuda Denshi Co's adjusted book value per share data for the three months ended in Mar. 2026 was $44.039. 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 $22.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fukuda Denshi Co  (OTCPK:FKDSF) 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.


Fukuda Denshi Co Cyclically Adjusted PB Ratio Related Terms


Fukuda Denshi Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fukuda Denshi 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.

Fukuda Denshi Co Cyclically Adjusted PB Ratio Chart

Fukuda Denshi 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 1.07 1.07 1.58 1.34 1.89

Fukuda Denshi Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.44 1.36 1.49 1.89 0.00

FKDSF vs ABT, SYK, MDT: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Fukuda Denshi 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.


Fukuda Denshi Co Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Fukuda Denshi Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FKDSF
83GF Score
Fukuda Denshi Co Ltd FKDSF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fukuda Denshi 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.

Fukuda Denshi Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=42.55/22.56
=1.89

* 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.

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

For example, Fukuda Denshi 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)
=44.039/112.7000*112.7000
=44.039

Current CPI (Mar. 2026) = 112.7000.

Fukuda Denshi Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 30.738 98.100 35.313
201609 32.532 98.000 37.412
201612 29.212 98.400 33.457
201703 30.837 98.100 35.426
201706 31.634 98.500 36.194
201709 32.563 98.800 37.144
201712 32.270 99.400 36.588
201803 35.088 99.200 39.863
201806 33.874 99.200 38.484
201809 33.979 99.900 38.333
201812 33.685 99.700 38.077
201903 35.230 99.700 39.824
201906 36.253 99.800 40.939
201909 37.424 100.100 42.135
201912 37.068 100.500 41.568
202003 38.219 100.300 42.944
202006 38.445 99.900 43.371
202009 40.310 99.900 45.475
202012 41.833 99.300 47.478
202103 41.977 99.900 47.355
202106 41.302 99.500 46.781
202109 42.900 100.100 48.300
202112 42.180 100.100 47.489
202203 41.783 101.100 46.577
202206 36.970 101.800 40.928
202209 35.797 103.100 39.130
202212 38.365 104.100 41.534
202303 40.325 104.400 43.531
202306 38.422 105.200 41.161
202309 38.341 106.200 40.688
202312 39.768 106.800 41.965
202403 39.135 107.200 41.143
202406 0.000 108.200 0.000
202409 41.730 108.900 43.186
202412 39.432 110.700 40.144
202503 42.272 111.100 42.881
202506 43.071 111.700 43.457
202509 44.166 112.000 44.442
202512 42.641 113.000 42.528
202603 44.039 112.700 44.039

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 1.89 mean?
Fukuda Denshi Co (FKDSF) has a Cyclically Adjusted PB Ratio of 1.89 as of Aug. 16, 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 Fukuda Denshi Co and its competitors. This is 47% above median its historical median of 1.29. Over the past decade, Fukuda Denshi Co's Cyclically Adjusted PB Ratio has ranged from 0.94 to 2.40. According to the industry distribution chart, Fukuda Denshi Co ranks #290 out of 519 companies in the Medical Devices & Instruments industry, placing it in the top 55.9%.
Is Fukuda Denshi Co's Cyclically Adjusted PB Ratio too high?
Fukuda Denshi Co's current Cyclically Adjusted PB Ratio of 1.89 is 47% above median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 2.40. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.90. Fukuda Denshi Co's value of 1.89 is 0.5% below this industry median. Based on the distribution chart, Fukuda Denshi Co ranks #290 out of 519 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Fukuda Denshi Co has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Fukuda Denshi Co's Cyclically Adjusted PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Fukuda Denshi Co ranks #290 out of 519 companies for Cyclically Adjusted PB Ratio. This places Fukuda Denshi Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.90. Fukuda Denshi Co's value of 1.89 is 0.5% below this benchmark. Historically, Fukuda Denshi Co's own Cyclically Adjusted PB Ratio has ranged from 0.94 to 2.40 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 1.90, Fukuda Denshi 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.90, based on 519 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. Fukuda Denshi Co's current Cyclically Adjusted PB Ratio of 1.89 is 0.5% 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 Fukuda Denshi Co and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fukuda Denshi Co's current Cyclically Adjusted PB Ratio is 1.89, which is 47% above median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukuda Denshi Co stock overvalued right now?
Fukuda Denshi Co (FKDSF) has a current Cyclically Adjusted PB Ratio of 1.89. The stock's GF Value™ is $26.75, compared to a current price of $42.55 — trading 59.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.89, which is 47% above median its 10-year median of 1.29 and 0.5% below the Medical Devices & Instruments industry median of 1.90. Fukuda Denshi Co's overall GF Score™ is 83/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Fukuda Denshi Co (FKDSF), the current Cyclically Adjusted PB Ratio is 1.89 as of Aug. 16, 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 Fukuda Denshi Co (FKDSF) Overvalued in 2026?

Based on GuruFocus' analysis, Fukuda Denshi Co stock appears to be overvalued. The current stock price of $42.55 is trading 59.1% above its estimated GF Value™ of $26.75.

Key valuation signals for FKDSF:

  • Cyclically Adjusted PB Ratio: 1.89 (47% above median its 10-year median of 1.29)
  • GF Value™: $26.75 vs. price of $42.55 (59.1% above fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 0.5% below the Medical Devices & Instruments median (#290 of 519)

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


Fukuda Denshi Co Business Description

Other Exchanges 6960:Japan
Address 39-4, Hongo 3-chome, Bunkyo-ku, Tokyo, JPN, 113-8483
Fukuda Denshi Co Ltd develops and manufactures medical electronic equipment. The firm operates in four segments: physiological diagnostic equipment, patient monitoring equipment, medical treatment equipment, and consumables and other products. The physiological diagnostic equipment business sells electrocardiographs, vascular screening systems, and blood cell counters. The patient monitoring equipment segment sells patient monitors and transmitters. The medical treatment equipment segment contributes the largest proportion of revenue and sells pacemakers and medical equipment for home treatment. The consumables and other products segment sells disposable electrodes and consumables used for the firm's devices. Fukuda Denshi generates the vast majority of its sales in Japan.
83GF Score

Get the complete analysis for FKDSF

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

$42.55
Price
$26.75
GF Value