Itochu Enex Co (FRA:96P) Cyclically Adjusted PB Ratio: 1.52 (As of Jul. 22, 2026) — 36% Above Median

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:96P Itochu Enex Co Ltd FRA:96P
70 GF Score
Price €10.90
GF Value €7.52
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Itochu Enex Co Cyclically Adjusted PB Ratio?

Itochu Enex Co FRA:96P +0.93% 70 Cyclically Adjusted PB Ratio is 1.52 as of Jul. 22, 2026, which is 36% above its 10-year median of 1.12. GuruFocus rates FRA:96P with a GF Score™ of 70/100 and a GF Value™ of €7.52 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 476 Conglomerates companies, Itochu Enex Co ranks worse than 63.45% on this metric.

As of today (2026-07-22), Itochu Enex Co's current share price is €10.90. Itochu Enex Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €7.17. Itochu Enex Co's Cyclically Adjusted PB Ratio for today is 1.52.

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

FRA:96P' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.81   Med: 1.12   Max: 1.63
Current: 1.54

During the past years, Itochu Enex Co's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.81. And the median was 1.12.

FRA:96P's Cyclically Adjusted PB Ratio is ranked worse than
63.45% of 476 companies
in the Conglomerates industry
Industry Median: 1.06 vs FRA:96P: 1.54

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.

Itochu Enex Co's adjusted book value per share data for the three months ended in Mar. 2026 was €8.775. 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 €7.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Itochu Enex Co  (FRA:96P) 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.


Itochu Enex Co Cyclically Adjusted PB Ratio Related Terms


Itochu Enex Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Itochu Enex 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.

Itochu Enex Co Cyclically Adjusted PB Ratio Chart

Itochu Enex 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 1.01 1.03 1.34 1.27 1.49

Itochu Enex 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 1.27 1.35 1.52 1.43 1.49

FRA:96P vs HON, MMM: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Itochu Enex 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.


Itochu Enex Co Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Itochu Enex Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:96P
70GF Score
Itochu Enex Co Ltd FRA:96P
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Itochu Enex 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.

Itochu Enex Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.90/7.17
=1.52

* 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.

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

For example, Itochu Enex 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)
=8.775/112.7000*112.7000
=8.775

Current CPI (Mar. 2026) = 112.7000.

Itochu Enex Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.424 98.100 8.529
201609 7.933 98.000 9.123
201612 7.572 98.400 8.672
201703 7.952 98.100 9.135
201706 7.750 98.500 8.867
201709 7.413 98.800 8.456
201712 7.602 99.400 8.619
201803 7.866 99.200 8.936
201806 7.982 99.200 9.068
201809 8.076 99.900 9.111
201812 8.238 99.700 9.312
201903 8.626 99.700 9.751
201906 8.780 99.800 9.915
201909 9.241 100.100 10.404
201912 9.210 100.500 10.328
202003 9.556 100.300 10.737
202006 9.481 99.900 10.696
202009 9.419 99.900 10.626
202012 9.310 99.300 10.566
202103 9.326 99.900 10.521
202106 9.040 99.500 10.239
202109 9.460 100.100 10.651
202112 9.765 100.100 10.994
202203 9.789 101.100 10.912
202206 9.155 101.800 10.135
202209 9.312 103.100 10.179
202212 9.313 104.100 10.082
202303 9.471 104.400 10.224
202306 9.006 105.200 9.648
202309 8.973 106.200 9.522
202312 9.092 106.800 9.594
202403 8.842 107.200 9.296
202406 0.000 108.200 0.000
202409 9.306 108.900 9.631
202412 9.336 110.700 9.505
202503 9.480 111.100 9.617
202506 9.145 111.700 9.227
202509 9.002 112.000 9.058
202512 8.581 113.000 8.558
202603 8.775 112.700 8.775

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 1.52 mean?
Itochu Enex Co (FRA:96P) has a Cyclically Adjusted PB Ratio of 1.52 as of Jul. 22, 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 Itochu Enex Co and its competitors. This is 36% above median its historical median of 1.12. Over the past decade, Itochu Enex Co's Cyclically Adjusted PB Ratio has ranged from 0.81 to 1.63. According to the industry distribution chart, Itochu Enex Co ranks #302 out of 476 companies in the Conglomerates industry, placing it in the top 63.4%.
Is Itochu Enex Co's Cyclically Adjusted PB Ratio too high?
Itochu Enex Co's current Cyclically Adjusted PB Ratio of 1.52 is 36% above median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 1.63. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.06. Itochu Enex Co's value of 1.52 is 43.4% above this industry median. Based on the distribution chart, Itochu Enex Co ranks #302 out of 476 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Itochu Enex Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itochu Enex Co's Cyclically Adjusted PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Itochu Enex Co ranks #302 out of 476 companies for Cyclically Adjusted PB Ratio. This places Itochu Enex Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.06. Itochu Enex Co's value of 1.52 is 43.4% above this benchmark. Historically, Itochu Enex Co's own Cyclically Adjusted PB Ratio has ranged from 0.81 to 1.63 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 1.06, Itochu Enex Co has consistently been above 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.06, based on 476 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. Itochu Enex Co's current Cyclically Adjusted PB Ratio of 1.52 is 43.4% above 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 Itochu Enex Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itochu Enex Co's current Cyclically Adjusted PB Ratio is 1.52, which is 36% above median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itochu Enex Co stock overvalued right now?
Based on GuruFocus' analysis, Itochu Enex Co (FRA:96P) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.52, compared to a current price of €10.90 — trading 44.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.52, which is 36% above median its 10-year median of 1.12 and 43.4% above the Conglomerates industry median of 1.06. Itochu Enex Co's overall GF Score™ is 70/100 with 5 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 Itochu Enex Co (FRA:96P), the current Cyclically Adjusted PB Ratio is 1.52 as of Jul. 22, 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 Itochu Enex Co (FRA:96P) Overvalued in 2026?

Based on GuruFocus' analysis, Itochu Enex Co stock appears to be overvalued. The current stock price of €10.90 is trading 44.9% above its estimated GF Value™ of €7.52. GuruFocus considers Itochu Enex Co to be Significantly Overvalued.

Key valuation signals for FRA:96P:

  • Cyclically Adjusted PB Ratio: 1.52 (36% above median its 10-year median of 1.12)
  • GF Value™: €7.52 vs. price of €10.90 (44.9% above fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 43.4% above the Conglomerates median (#302 of 476)

No single metric tells the full story. See the FRA:96P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Itochu Enex Co Business Description

Other Exchanges 8133:Japan
Address 3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 100-6028
Itochu Enex Co Ltd is a Japan-based energy provider that operates through a host of businesses. The company's operations are divided into the following segments: home-life, power and utility, car-life, and energy trade. Through these businesses, Itochu supplies its customer base in Japan with LP gas and town gas for homes and businesses. The company also sells a range of automotive fuels through its car-life stations. Alongside the car-life stations, under the car-life Division, Itochu Enex houses a car dealer and credit card business. Through separate divisions, the company operates electric-power-related and heat-supply businesses, along with selling a variety of petroleum products for industrial and marine use.
70GF Score

Get the complete analysis for FRA:96P

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

€10.90
Price
€7.52
GF Value