Toyo Engineering (FRA:6AE0) Cyclically Adjusted PB Ratio: (As of Aug. 30, 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.
Reviewed by: Charlie Tian Charlie Tian
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:6AE0 Toyo Engineering Corp FRA:6AE0
41 GF Score
Price €6.60
GF Value €1.47
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Toyo Engineering 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


Toyo Engineering  (FRA:6AE0) 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.


Toyo Engineering Cyclically Adjusted PB Ratio Related Terms


Toyo Engineering Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Toyo Engineering'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.

Toyo Engineering Cyclically Adjusted PB Ratio Chart

Toyo Engineering 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 0.53 0.50 0.93 0.68 2.72

Toyo Engineering 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 0.78 1.60 3.15 2.72 0.00

FRA:6AE0 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Toyo Engineering'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.


Toyo Engineering Cyclically Adjusted PB Ratio vs Construction Industry

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

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


FRA:6AE0
41GF Score
Toyo Engineering Corp FRA:6AE0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toyo Engineering 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.

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

For example, Toyo Engineering'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)
=4.047/330.2130*330.2130
=4.047

Current CPI (Mar. 2026) = 330.2130.

Toyo Engineering Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.878 241.018 16.274
201609 11.778 241.428 16.109
201612 10.990 241.432 15.031
201703 11.074 243.801 14.999
201706 11.092 244.955 14.953
201709 10.795 246.819 14.442
201712 5.853 246.524 7.840
201803 5.008 249.554 6.627
201806 5.013 251.989 6.569
201809 4.999 252.439 6.539
201812 5.023 251.233 6.602
201903 4.924 254.202 6.396
201906 5.449 256.143 7.025
201909 5.428 256.759 6.981
201912 5.210 256.974 6.695
202003 5.143 258.115 6.580
202006 4.703 257.797 6.024
202009 4.718 260.280 5.986
202012 4.641 260.474 5.884
202103 5.266 264.877 6.565
202106 5.295 271.696 6.435
202109 5.551 274.310 6.682
202112 5.494 278.802 6.507
202203 5.801 287.504 6.663
202206 6.032 296.311 6.722
202209 6.045 296.808 6.725
202212 5.744 296.797 6.391
202303 5.834 301.836 6.382
202306 5.803 305.109 6.280
202309 5.945 307.789 6.378
202312 5.942 306.746 6.397
202403 6.700 312.332 7.084
202406 6.312 314.175 6.634
202409 6.736 315.301 7.055
202412 6.674 315.605 6.983
202503 6.355 319.799 6.562
202506 5.873 322.561 6.012
202509 5.295 324.800 5.383
202512 3.680 324.054 3.750
202603 4.047 330.213 4.047

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 Toyo Engineering (FRA:6AE0) Overvalued in 2026?

Based on GuruFocus' analysis, Toyo Engineering stock appears to be overvalued. The current stock price of €6.60 is trading 349% above its estimated GF Value™ of €1.47. GuruFocus considers Toyo Engineering to be Significantly Overvalued.

Key valuation signals for FRA:6AE0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €1.47 vs. price of €6.60 (349% above fair value)
  • GF Score™: 41/100 with 6 warning signs

No single metric tells the full story. See the FRA:6AE0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyo Engineering Business Description

Other Exchanges 6330:Japan
Address 2-8-1 Akanehama Narashino-shi, Chiba, JPN
Toyo Engineering Corp provides engineering and construction services for industrial facilities. It designs, procures materials, builds, and offers technical assistance for oil and gas, petrochemicals, water treatment, transportation, power generation, and other industrial markets. Project management skills partnered with technological solutions allow the company to offer customized solutions and manufacture various power plants and infrastructure projects. Toyo operates three business groups: engineering, procurement, and construction (the majority of total revenue); IT; and real estate. A global network of employees gathers data from customers, and company locations are spread across Asia, North America, and South America to collect regional information.
41GF Score

Get the complete analysis for FRA:6AE0

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

€6.60
Price
€1.47
GF Value