Kyushu Electric Power Co (FRA:2CJ) Cyclically Adjusted PB Ratio: 1.05 (As of Jul. 27, 2026) — 40% Above Median

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FRA:2CJ Kyushu Electric Power Co Inc FRA:2CJ
74 GF Score
Price €9.30
GF Value €7.68
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Kyushu Electric Power Co Cyclically Adjusted PB Ratio?

Kyushu Electric Power Co FRA:2CJ 74 Cyclically Adjusted PB Ratio is 1.05 as of Jul. 27, 2026, which is 40% above its 10-year median of 0.75. GuruFocus rates FRA:2CJ with a GF Score™ of 74/100 and a GF Value™ of €7.68 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 279 Utilities - Independent Power Producers companies, Kyushu Electric Power Co ranks better than 50.9% on this metric.

As of today (2026-07-27), Kyushu Electric Power Co's current share price is €9.30. Kyushu Electric Power Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €8.89. Kyushu Electric Power Co's Cyclically Adjusted PB Ratio for today is 1.05.

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

FRA:2CJ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.75   Max: 1.34
Current: 1.07

During the past years, Kyushu Electric Power Co's highest Cyclically Adjusted PB Ratio was 1.34. The lowest was 0.48. And the median was 0.75.

FRA:2CJ's Cyclically Adjusted PB Ratio is ranked better than
50.9% of 279 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.11 vs FRA:2CJ: 1.07

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.

Kyushu Electric Power Co's adjusted book value per share data for the three months ended in Mar. 2026 was €13.753. 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 €8.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kyushu Electric Power Co  (FRA:2CJ) 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.


Kyushu Electric Power Co Cyclically Adjusted PB Ratio Related Terms


Kyushu Electric Power Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kyushu Electric Power 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.

Kyushu Electric Power Co Cyclically Adjusted PB Ratio Chart

Kyushu Electric Power 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 0.64 0.59 1.00 0.86 1.09

Kyushu Electric Power 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 0.86 0.83 0.93 1.03 1.09

FRA:2CJ vs CEG, VST, NRG: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Independent Power Producers subindustry, Kyushu Electric Power 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.


Kyushu Electric Power Co Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kyushu Electric Power Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kyushu Electric Power Co's Cyclically Adjusted PB Ratio falls into.


FRA:2CJ
74GF Score
Kyushu Electric Power Co Inc FRA:2CJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kyushu Electric Power 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.

Kyushu Electric Power Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.30/8.89
=1.05

* 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.

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

For example, Kyushu Electric Power 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)
=13.753/112.7000*112.7000
=13.753

Current CPI (Mar. 2026) = 112.7000.

Kyushu Electric Power Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.726 98.100 10.025
201609 10.120 98.000 11.638
201612 9.582 98.400 10.975
201703 9.632 98.100 11.066
201706 9.527 98.500 10.900
201709 9.814 98.800 11.195
201712 9.674 99.400 10.968
201803 10.158 99.200 11.540
201806 10.135 99.200 11.514
201809 10.452 99.900 11.791
201812 10.684 99.700 12.077
201903 10.765 99.700 12.169
201906 10.983 99.800 12.403
201909 11.337 100.100 12.764
201912 10.843 100.500 12.159
202003 10.852 100.300 12.194
202006 10.762 99.900 12.141
202009 11.290 99.900 12.737
202012 10.890 99.300 12.360
202103 10.657 99.900 12.022
202106 10.584 99.500 11.988
202109 11.284 100.100 12.704
202112 11.062 100.100 12.454
202203 10.456 101.100 11.656
202206 9.290 101.800 10.285
202209 9.197 103.100 10.053
202212 8.496 104.100 9.198
202303 8.603 104.400 9.287
202306 9.119 105.200 9.769
202309 11.457 106.200 12.158
202312 12.082 106.800 12.749
202403 11.564 107.200 12.157
202406 11.511 108.200 11.990
202409 12.841 108.900 13.289
202412 12.786 110.700 13.017
202503 13.125 111.100 13.314
202506 12.926 111.700 13.042
202509 13.363 112.000 13.447
202512 13.068 113.000 13.033
202603 13.753 112.700 13.753

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 1.05 mean?
Kyushu Electric Power Co (FRA:2CJ) has a Cyclically Adjusted PB Ratio of 1.05 as of Jul. 27, 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 Kyushu Electric Power Co and its competitors. This is 40% above median its historical median of 0.75. Over the past decade, Kyushu Electric Power Co's Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.34. According to the industry distribution chart, Kyushu Electric Power Co ranks #137 out of 279 companies in the Utilities - Independent Power Producers industry, placing it in the top 49.1%.
Is Kyushu Electric Power Co's Cyclically Adjusted PB Ratio too high?
Kyushu Electric Power Co's current Cyclically Adjusted PB Ratio of 1.05 is 40% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.34. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.11. Kyushu Electric Power Co's value of 1.05 is 5.4% below this industry median. Based on the distribution chart, Kyushu Electric Power Co ranks #137 out of 279 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Kyushu Electric Power Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kyushu Electric Power Co's Cyclically Adjusted PB Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Kyushu Electric Power Co ranks #137 out of 279 companies for Cyclically Adjusted PB Ratio. This puts Kyushu Electric Power Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.11. Kyushu Electric Power Co's value of 1.05 is 5.4% below this benchmark. Historically, Kyushu Electric Power Co's own Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.34 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.11, Kyushu Electric Power 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PB Ratio among Utilities - Independent Power Producers companies is 1.11, based on 279 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. Kyushu Electric Power Co's current Cyclically Adjusted PB Ratio of 1.05 is 5.4% 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 Kyushu Electric Power Co and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kyushu Electric Power Co's current Cyclically Adjusted PB Ratio is 1.05, which is 40% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyushu Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Kyushu Electric Power Co (FRA:2CJ) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.68, compared to a current price of €9.30 — trading 21.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is 40% above median its 10-year median of 0.75 and 5.4% below the Utilities - Independent Power Producers industry median of 1.11. Kyushu Electric Power Co's overall GF Score™ is 74/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Kyushu Electric Power Co (FRA:2CJ), the current Cyclically Adjusted PB Ratio is 1.05 as of Jul. 27, 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 Kyushu Electric Power Co (FRA:2CJ) Overvalued in 2026?

Based on GuruFocus' analysis, Kyushu Electric Power Co stock appears to be overvalued. The current stock price of €9.30 is trading 21.1% above its estimated GF Value™ of €7.68. GuruFocus considers Kyushu Electric Power Co to be Modestly Overvalued.

Key valuation signals for FRA:2CJ:

  • Cyclically Adjusted PB Ratio: 1.05 (40% above median its 10-year median of 0.75)
  • GF Value™: €7.68 vs. price of €9.30 (21.1% above fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 5.4% below the Utilities - Independent Power Producers median (#137 of 279)

No single metric tells the full story. See the FRA:2CJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kyushu Electric Power Co Business Description

Address 2-1-82 Watanabedori, Chuo-ku, Fukuoka, JPN, 810-8720
Kyushu Electric Power Co Inc is a Japan-based company mainly engaged in the electric power business. Its operating segments include ICT Service Business, Other Energy Service Business, Overseas Business, Power Generation and Sales Business, Power Transmission and Distribution Business, Urban Development Business, and Others. It generates the majority of its revenue from the Power generation and sales business segment, whose main business is the power generation and retail electricity business in Japan.
74GF Score

Get the complete analysis for FRA:2CJ

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

€9.30
Price
€7.68
GF Value