Kaga Electronics Co (FRA:9V2) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:9V2 Kaga Electronics Co Ltd FRA:9V2
89 GF Score
Price €27.80
GF Value €21.92
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Kaga Electronics Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kaga Electronics Co  (FRA:9V2) 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.


Kaga Electronics Co Cyclically Adjusted PB Ratio Related Terms


Kaga Electronics Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kaga Electronics 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.

Kaga Electronics Co Cyclically Adjusted PB Ratio Chart

Kaga Electronics 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 1.10 1.41 1.45 1.11 1.23

Kaga Electronics 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 1.08 1.33 1.34 1.27 1.40

FRA:9V2 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Kaga Electronics 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.


Kaga Electronics Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Kaga Electronics Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:9V2
89GF Score
Kaga Electronics Co Ltd FRA:9V2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kaga Electronics 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.

Kaga Electronics Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Kaga Electronics Co'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)
=21.573/113.6000*113.6000
=21.573

Current CPI (Jun. 2026) = 113.6000.

Kaga Electronics Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.559 98.000 11.081
201612 9.426 98.400 10.882
201703 10.082 98.100 11.675
201706 9.548 98.500 11.012
201709 9.451 98.800 10.867
201712 9.566 99.400 10.933
201803 9.842 99.200 11.271
201806 10.007 99.200 11.460
201809 10.119 99.900 11.507
201812 10.594 99.700 12.071
201903 12.350 99.700 14.072
201906 12.393 99.800 14.107
201909 13.214 100.100 14.996
201912 13.031 100.500 14.730
202003 13.259 100.300 15.017
202006 14.178 99.900 16.122
202009 14.150 99.900 16.090
202012 13.519 99.300 15.466
202103 13.322 99.900 15.149
202106 13.424 99.500 15.326
202109 14.237 100.100 16.157
202112 14.796 100.100 16.791
202203 14.924 101.100 16.769
202206 15.440 101.800 17.230
202209 16.774 103.100 18.482
202212 16.927 104.100 18.472
202303 17.083 104.400 18.588
202306 16.419 105.200 17.730
202309 17.301 106.200 18.507
202312 17.660 106.800 18.784
202403 17.612 107.200 18.663
202406 17.463 108.200 18.335
202409 18.976 108.900 19.795
202412 19.108 110.700 19.609
202503 19.598 111.100 20.039
202506 18.680 111.700 18.998
202509 20.900 112.000 21.199
202512 19.912 113.000 20.018
202603 21.007 112.700 21.175
202606 21.573 113.600 21.573

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 Kaga Electronics Co (FRA:9V2) Overvalued in 2026?

Based on GuruFocus' analysis, Kaga Electronics Co stock appears to be overvalued. The current stock price of €27.80 is trading 26.8% above its estimated GF Value™ of €21.92. GuruFocus considers Kaga Electronics Co to be Modestly Overvalued.

Key valuation signals for FRA:9V2:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €21.92 vs. price of €27.80 (26.8% above fair value)
  • GF Score™: 89/100 with 5 warning signs

No single metric tells the full story. See the FRA:9V2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kaga Electronics Co Business Description

Other Exchanges 8154:Japan
Address 20 Kandamatsunagacho, Chiyoda-ku, Tokyo, JPN, 101-8629
Kaga Electronics Co Ltd is a Japan based company engages in the sales of electronic components, electronic devices and other. It operates through following segments: Electronic Components, Information Equipment, Software and Other. The firm generates majority revenue from the Electronic Components.
89GF Score

Get the complete analysis for FRA:9V2

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

€27.80
Price
€21.92
GF Value