Maxell (FRA:0H2) Cyclically Adjusted PB Ratio: 0.90 (As of Jul. 31, 2026) — 23% Above Median

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FRA:0H2 Maxell Ltd FRA:0H2
76 GF Score
Price €10.80
GF Value €10.76
! 1 Warning Sign
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What is Maxell Cyclically Adjusted PB Ratio?

Maxell FRA:0H2 76 Cyclically Adjusted PB Ratio is 0.90 as of Jul. 31, 2026, which is 23% above its 10-year median of 0.73. GuruFocus rates FRA:0H2 with a GF Score™ of 76/100 and a GF Value™ of €10.76. The stock has 1 warning sign investors should review. Among 1,974 Hardware companies, Maxell ranks better than 72.14% on this metric.

As of today (2026-07-31), Maxell's current share price is €10.80. Maxell's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €12.04. Maxell's Cyclically Adjusted PB Ratio for today is 0.90.

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

FRA:0H2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 0.73   Max: 1.1
Current: 0.95

During the past years, Maxell's highest Cyclically Adjusted PB Ratio was 1.10. The lowest was 0.54. And the median was 0.73.

FRA:0H2's Cyclically Adjusted PB Ratio is ranked better than
72.14% of 1974 companies
in the Hardware industry
Industry Median: 1.99 vs FRA:0H2: 0.95

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.

Maxell's adjusted book value per share data for the three months ended in Mar. 2026 was €12.875. 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 €12.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maxell  (FRA:0H2) 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.


Maxell Cyclically Adjusted PB Ratio Related Terms


Maxell Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Maxell'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.

Maxell Cyclically Adjusted PB Ratio Chart

Maxell 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 0.58 0.72 0.73 0.82 0.92

Maxell 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 0.82 0.85 0.96 1.07 0.92

FRA:0H2 vs AAPL: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, Maxell'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.


Maxell Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Maxell's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:0H2
76GF Score
Maxell Ltd FRA:0H2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Maxell 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.80/12.04
=0.90

* 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.

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

For example, Maxell'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)
=12.875/112.7000*112.7000
=12.875

Current CPI (Mar. 2026) = 112.7000.

Maxell Quarterly Data

Book Value per Share CPI Adj_Book
201606 17.263 98.100 19.832
201609 18.061 98.000 20.770
201612 17.578 98.400 20.133
201703 18.244 98.100 20.959
201706 17.819 98.500 20.388
201709 17.366 98.800 19.809
201712 17.473 99.400 19.811
201803 17.515 99.200 19.899
201806 17.770 99.200 20.188
201809 17.672 99.900 19.936
201812 17.853 99.700 20.181
201903 18.540 99.700 20.957
201906 18.752 99.800 21.176
201909 17.286 100.100 19.462
201912 17.385 100.500 19.495
202003 15.371 100.300 17.271
202006 15.124 99.900 17.062
202009 13.910 99.900 15.692
202012 13.799 99.300 15.661
202103 12.681 99.900 14.306
202106 12.778 99.500 14.473
202109 13.361 100.100 15.043
202112 13.675 100.100 15.396
202203 12.618 101.100 14.066
202206 12.317 101.800 13.636
202209 12.751 103.100 13.938
202212 12.532 104.100 13.567
202303 12.629 104.400 13.633
202306 12.295 105.200 13.172
202309 12.487 106.200 13.251
202312 12.301 106.800 12.981
202403 12.577 107.200 13.222
202406 0.000 108.200 0.000
202409 13.148 108.900 13.607
202412 13.516 110.700 13.760
202503 13.146 111.100 13.335
202506 12.754 111.700 12.868
202509 12.762 112.000 12.842
202512 12.630 113.000 12.596
202603 12.875 112.700 12.875

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 0.90 mean?
Maxell (FRA:0H2) has a Cyclically Adjusted PB Ratio of 0.90 as of Jul. 31, 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 Maxell and its competitors. This is 23% above median its historical median of 0.73. Over the past decade, Maxell's Cyclically Adjusted PB Ratio has ranged from 0.54 to 1.10. According to the industry distribution chart, Maxell ranks #550 out of 1974 companies in the Hardware industry, placing it in the top 27.9%.
Is Maxell's Cyclically Adjusted PB Ratio too high?
Maxell's current Cyclically Adjusted PB Ratio of 0.90 is 23% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.10. The Hardware industry median Cyclically Adjusted PB Ratio is 1.99. Maxell's value of 0.90 is 54.8% below this industry median. Based on the distribution chart, Maxell ranks #550 out of 1974 companies in the Hardware industry, which is above the industry midpoint. Overall, Maxell has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Maxell's Cyclically Adjusted PB Ratio compare to AAPL?
According to the Hardware industry distribution chart, Maxell ranks #550 out of 1974 companies for Cyclically Adjusted PB Ratio. This puts Maxell in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.99. Maxell's value of 0.90 is 54.8% below this benchmark. Historically, Maxell's own Cyclically Adjusted PB Ratio has ranged from 0.54 to 1.10 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 1.99, Maxell 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 1.99, based on 1,974 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. Maxell's current Cyclically Adjusted PB Ratio of 0.90 is 54.8% 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 Maxell and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maxell's current Cyclically Adjusted PB Ratio is 0.90, which is 23% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maxell stock overvalued right now?
Maxell (FRA:0H2) has a current Cyclically Adjusted PB Ratio of 0.90. The stock's GF Value™ is €10.76, compared to a current price of €10.80 — trading 0.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.90, which is 23% above median its 10-year median of 0.73 and 54.8% below the Hardware industry median of 1.99. Maxell's overall GF Score™ is 76/100 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 Maxell (FRA:0H2), the current Cyclically Adjusted PB Ratio is 0.90 as of Jul. 31, 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 Maxell (FRA:0H2) Overvalued in 2026?

Based on GuruFocus' analysis, Maxell stock appears to be overvalued. The current stock price of €10.80 is trading 0.4% above its estimated GF Value™ of €10.76.

Key valuation signals for FRA:0H2:

  • Cyclically Adjusted PB Ratio: 0.90 (23% above median its 10-year median of 0.73)
  • GF Value™: €10.76 vs. price of €10.80 (0.4% above fair value)
  • GF Score™: 76/100 with 1 warning sign
  • Industry Position: 54.8% below the Hardware median (#550 of 1974)

No single metric tells the full story. See the FRA:0H2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maxell Business Description

Other Exchanges 6810:Japan
Address 2-16-2, Konan, Minato-ku, Taiyo-Life Shinagawa Building 21sr Floor, Tokyo, JPN, 108-8248
Maxell Ltd is a Japan-based company that is engaged in manufacturing and selling energy products, industrial materials products, and electronic appliance and consumer products. The company focuses on several business areas, including automotive, home life and infrastructure, health and beauty care, and business and consumer. The company provides a broad range of products, including primary batteries, rechargeable batteries, electroforming, data storage, adhesive tapes, inks, functional films, display equipment, lens units, optical components, and wellness and beauty care.
76GF Score

Get the complete analysis for FRA:0H2

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

€10.80
Price
€10.76
GF Value