Fukuoka Financial Group (FRA:4FK) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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
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:4FK Fukuoka Financial Group Inc FRA:4FK
62 GF Score
Price €42.60
GF Value €29.78
! 5 Warning Signs
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What is Fukuoka Financial Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fukuoka Financial Group  (FRA:4FK) 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.


Fukuoka Financial Group Cyclically Adjusted PB Ratio Related Terms


Fukuoka Financial Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fukuoka Financial Group'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.

Fukuoka Financial Group Cyclically Adjusted PB Ratio Chart

Fukuoka Financial Group 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 0.47 0.46 0.64 0.63 0.85

Fukuoka Financial Group 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 0.59 0.65 0.70 0.84 0.96

Fukuoka Financial Group Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Fukuoka Financial Group'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.


Fukuoka Financial Group Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Fukuoka Financial Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:4FK
62GF Score
Fukuoka Financial Group Inc FRA:4FK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fukuoka Financial Group 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.

Fukuoka Financial Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Fukuoka Financial Group's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=32.059/113.6000*113.6000
=32.059

Current CPI (Jun. 2026) = 113.6000.

Fukuoka Financial Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 40.316 98.000 46.734
201612 37.343 98.400 43.111
201703 34.783 98.100 40.279
201706 32.775 98.500 37.799
201709 32.493 98.800 37.360
201712 32.720 99.400 37.394
201803 34.674 99.200 39.707
201806 35.440 99.200 40.585
201809 35.022 99.900 39.825
201812 35.822 99.700 40.816
201903 36.415 99.700 41.492
201906 40.241 99.800 45.805
201909 42.832 100.100 48.609
201912 41.197 100.500 46.567
202003 37.883 100.300 42.906
202006 38.054 99.900 43.273
202009 38.210 99.900 43.450
202012 38.282 99.300 43.795
202103 38.838 99.900 44.164
202106 38.429 99.500 43.875
202109 39.751 100.100 45.112
202112 39.341 100.100 44.647
202203 36.658 101.100 41.190
202206 33.379 101.800 37.248
202209 32.619 103.100 35.941
202212 31.546 104.100 34.425
202303 33.224 104.400 36.152
202306 31.812 105.200 34.352
202309 30.266 106.200 32.375
202312 32.778 106.800 34.865
202403 33.066 107.200 35.040
202406 29.963 108.200 31.458
202409 33.375 108.900 34.815
202412 31.840 110.700 32.674
202503 30.438 111.100 31.123
202506 30.259 111.700 30.774
202509 31.050 112.000 31.494
202512 30.242 113.000 30.403
202603 31.085 112.700 31.333
202606 32.059 113.600 32.059

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 Fukuoka Financial Group (FRA:4FK) Overvalued in 2026?

Based on GuruFocus' analysis, Fukuoka Financial Group stock appears to be overvalued. The current stock price of €42.60 is trading 43% above its estimated GF Value™ of €29.78.

Key valuation signals for FRA:4FK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €29.78 vs. price of €42.60 (43% above fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the FRA:4FK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fukuoka Financial Group Business Description

Other Exchanges FKKFY:USA8354:Japan
Address 1-8-3 Otemon, Chuo-ku, Fukuoka, JPN, 810-8693
Fukuoka Financial Group Inc is a Japan-based financial holding company that is principally engaged in the banking business through its subsidiaries, including the Bank of Fukuoka, the Kumamoto Bank, and the Shinwa Bank. The company conducts its core business (banking) through a branch network in Japan and overseas markets, including China, Thailand, Singapore, and the United States. The company also conducts other businesses, such as a securities business, an office work agent business, a loan guarantee business, a credit card business, a collateral valuation business, a consulting business, investments and loans, and others. The company generates the majority of its operating income from Japan.
62GF Score

Get the complete analysis for FRA:4FK

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

€42.60
Price
€29.78
GF Value