Panasonic Holdings (FRA:MAT1) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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:MAT1 Panasonic Holdings Corp FRA:MAT1
62 GF Score
Price €23.44
GF Value €8.14
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Panasonic Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Panasonic Holdings  (FRA:MAT1) 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.


Panasonic Holdings Cyclically Adjusted PB Ratio Related Terms


Panasonic Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Panasonic Holdings'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.

Panasonic Holdings Cyclically Adjusted PB Ratio Chart

Panasonic Holdings 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 1.06 0.99 1.12 1.36

Panasonic Holdings 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 0.96 0.94 1.09 1.39 2.39

FRA:MAT1 vs AAPL: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, Panasonic Holdings'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.


Panasonic Holdings Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


FRA:MAT1
62GF Score
Panasonic Holdings Corp FRA:MAT1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Panasonic Holdings 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.

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

For example, Panasonic Holdings'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)
=12.849/113.6000*113.6000
=12.849

Current CPI (Jun. 2026) = 113.6000.

Panasonic Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.542 98.000 7.583
201612 6.941 98.400 8.013
201703 6.331 98.100 7.331
201706 6.018 98.500 6.941
201709 6.043 98.800 6.948
201712 6.106 99.400 6.978
201803 6.170 99.200 7.066
201806 6.363 99.200 7.287
201809 6.484 99.900 7.373
201812 6.767 99.700 7.710
201903 7.191 99.700 8.194
201906 6.976 99.800 7.941
201909 7.369 100.100 8.363
201912 7.535 100.500 8.517
202003 7.801 100.300 8.835
202006 7.668 99.900 8.720
202009 7.990 99.900 9.086
202012 8.289 99.300 9.483
202103 9.136 99.900 10.389
202106 9.229 99.500 10.537
202109 9.731 100.100 11.043
202112 9.920 100.100 11.258
202203 10.620 101.100 11.933
202206 11.206 101.800 12.505
202209 11.877 103.100 13.087
202212 11.048 104.100 12.056
202303 11.229 104.400 12.219
202306 11.627 105.200 12.555
202309 12.145 106.200 12.991
202312 11.989 106.800 12.752
202403 12.375 107.200 13.114
202406 12.563 108.200 13.190
202409 12.376 108.900 12.910
202412 13.443 110.700 13.795
202503 12.927 111.100 13.218
202506 12.036 111.700 12.241
202509 12.316 112.000 12.492
202512 12.161 113.000 12.226
202603 12.576 112.700 12.676
202606 12.849 113.600 12.849

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 Panasonic Holdings (FRA:MAT1) Overvalued in 2026?

Based on GuruFocus' analysis, Panasonic Holdings stock appears to be overvalued. The current stock price of €23.44 is trading 188% above its estimated GF Value™ of €8.14. GuruFocus considers Panasonic Holdings to be Significantly Overvalued.

Key valuation signals for FRA:MAT1:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €8.14 vs. price of €23.44 (188% above fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the FRA:MAT1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Panasonic Holdings Business Description

Address 1006 Kadoma, Osaka Prefecture, Kadoma, JPN, 571-8501
Panasonic Holdings Corp is engaged in the development, manufacture, and sale of a wide range of electronic and electrical products. The company operates through six segments. The Lifestyle segment provides home appliances such as refrigerators, air conditioners, and beauty and hair care devices. The Automotive segment offers in-vehicle infotainment systems, speaker systems, and advanced driver assistance systems. The Connect segment supplies communication systems, welding machines, and projectors. The Industry segment produces electronic components, motors, and factory automation equipment. The Energy segment develops and sells lithium-ion batteries, dry batteries, and small secondary batteries. The Others segment includes the sale of televisions, cameras, and building materials.
62GF Score

Get the complete analysis for FRA:MAT1

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

€23.44
Price
€8.14
GF Value