Fuji (FRA:F5M) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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:F5M Fuji Corp FRA:F5M
80 GF Score
Price €39.20
GF Value €23.31
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Fuji Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuji  (FRA:F5M) 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.


Fuji Cyclically Adjusted PB Ratio Related Terms


Fuji Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fuji'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.

Fuji Cyclically Adjusted PB Ratio Chart

Fuji 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 1.24 1.10 1.07 0.80 1.54

Fuji 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 1.00 0.97 1.24 1.58 2.83

FRA:F5M vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Fuji'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.


Fuji Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fuji's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:F5M
80GF Score
Fuji Corp FRA:F5M
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fuji 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.

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

For example, Fuji'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)
=14.874/113.6000*113.6000
=14.874

Current CPI (Jun. 2026) = 113.6000.

Fuji Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.126 98.000 14.056
201612 11.768 98.400 13.586
201703 12.283 98.100 14.224
201706 11.781 98.500 13.587
201709 11.866 98.800 13.643
201712 12.055 99.400 13.777
201803 12.673 99.200 14.513
201806 13.007 99.200 14.895
201809 13.160 99.900 14.965
201812 6.840 99.700 7.794
201903 14.237 99.700 16.222
201906 14.401 99.800 16.392
201909 15.444 100.100 17.527
201912 15.259 100.500 17.248
202003 15.521 100.300 17.579
202006 15.537 99.900 17.668
202009 15.654 99.900 17.801
202012 15.330 99.300 17.538
202103 15.535 99.900 17.665
202106 15.593 99.500 17.803
202109 16.263 100.100 18.456
202112 16.125 100.100 18.300
202203 16.030 101.100 18.012
202206 15.618 101.800 17.428
202209 16.079 103.100 17.717
202212 16.127 104.100 17.599
202303 16.137 104.400 17.559
202306 15.061 105.200 16.264
202309 15.246 106.200 16.308
202312 15.353 106.800 16.331
202403 15.080 107.200 15.980
202406 14.339 108.200 15.055
202409 15.279 108.900 15.938
202412 15.067 110.700 15.462
202503 15.246 111.100 15.589
202506 14.539 111.700 14.786
202509 14.581 112.000 14.789
202512 14.226 113.000 14.302
202603 14.425 112.700 14.540
202606 14.874 113.600 14.874

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 Fuji (FRA:F5M) Overvalued in 2026?

Based on GuruFocus' analysis, Fuji stock appears to be overvalued. The current stock price of €39.20 is trading 68.2% above its estimated GF Value™ of €23.31. GuruFocus considers Fuji to be Significantly Overvalued.

Key valuation signals for FRA:F5M:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €23.31 vs. price of €39.20 (68.2% above fair value)
  • GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the FRA:F5M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fuji Business Description

Other Exchanges FMMFF:USA6134:Japan
Address 19 Chausuyama, Yamamachi, Aichi, Chiryu, JPN, 472-8686
Fuji Corp is a Japan-based company that primarily manufactures and distributes robotic mounter and machine tools. Its product offerings consist of SMT Equipment, Machine tools, Compact multijoint robot, Atmospheric pressure plasma unit, Mobility support robot, Public stocker system. It operates into three segments Robotic Solutions, Machine Tools, and others.
80GF Score

Get the complete analysis for FRA:F5M

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

€39.20
Price
€23.31
GF Value