Japan Material Co (FRA:3XC) Cyclically Adjusted PB Ratio: (As of Sep. 04, 2026)

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.
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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.

FRA:3XC Japan Material Co Ltd FRA:3XC
97 GF Score
Price €11.40
GF Value €11.23
! 2 Warning Signs
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What is Japan Material Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Material Co  (FRA:3XC) 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.


Japan Material Co Cyclically Adjusted PB Ratio Related Terms


Japan Material Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Japan Material 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.

Japan Material Co Cyclically Adjusted PB Ratio Chart

Japan Material 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 9.73 10.87 9.36 4.04 4.52

Japan Material 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 4.74 5.66 4.59 4.52 0.00

FRA:3XC vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Japan Material 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.


Japan Material Co Cyclically Adjusted PB Ratio vs Construction Industry

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

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


FRA:3XC
97GF Score
Japan Material Co Ltd FRA:3XC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Material 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.

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

For example, Japan Material 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)
=609.522/330.2130*330.2130
=609.522

Current CPI (Mar. 2026) = 330.2130.

Japan Material Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 128.053 241.018 175.442
201609 135.528 241.428 185.368
201612 139.316 241.432 190.546
201703 149.273 243.801 202.181
201706 151.000 244.955 203.556
201709 159.937 246.819 213.976
201712 169.880 246.524 227.550
201803 182.246 249.554 241.150
201806 183.160 251.989 240.018
201809 198.111 252.439 259.147
201812 213.067 251.233 280.049
201903 222.700 254.202 289.291
201906 217.757 256.143 280.727
201909 230.683 256.759 296.677
201912 242.645 256.974 311.800
202003 264.149 258.115 337.932
202006 263.876 257.797 338.000
202009 277.352 260.280 351.872
202012 292.029 260.474 370.216
202103 309.490 264.877 385.830
202106 308.619 271.696 375.088
202109 326.157 274.310 392.626
202112 343.206 278.802 406.493
202203 362.466 287.504 416.311
202206 363.834 296.311 405.462
202209 393.073 296.808 437.312
202212 413.797 296.797 460.386
202303 424.161 301.836 464.038
202306 415.472 305.109 449.657
202309 431.847 307.789 463.309
202312 448.675 306.746 483.000
202403 463.353 312.332 489.880
202406 0.000 314.175 0.000
202409 479.655 315.301 502.340
202412 491.918 315.605 514.687
202503 526.768 319.799 543.922
202506 519.585 322.561 531.911
202509 543.114 324.800 552.165
202512 571.448 324.054 582.309
202603 609.522 330.213 609.522

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.

Is Japan Material Co (FRA:3XC) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Material Co stock appears to be overvalued. The current stock price of €11.40 is trading 1.5% above its estimated GF Value™ of €11.23.

Key valuation signals for FRA:3XC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €11.23 vs. price of €11.40 (1.5% above fair value)
  • GF Score™: 97/100 with 2 warning signs

No single metric tells the full story. See the FRA:3XC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Material Co Business Description

Other Exchanges 6055:Japan
Address 3098 No. 22 Nagai Komono County, Komono-cho, Mie-gun, Mie, JPN
Japan Material Co Ltd is engaged in manufacturing specialty gas supply devices and providing piping work and other related services. The company operates through two segments namely Electronics and Graphics solutions. Its Electronics segment is involved in the development, manufacture, and sale of gas supply systems for semiconductors and liquid crystal production, and various maintenance services. The Graphics solutions segment import, plan, market, and support multi-monitor compatible graphics products for various systems.
97GF Score

Get the complete analysis for FRA:3XC

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

€11.40
Price
€11.23
GF Value