Mitsubishi Electric (FRA:MIE) Cyclically Adjusted PB Ratio: 3.90 (As of Aug. 06, 2026) — 101% Above Median

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FRA:MIE Mitsubishi Electric Corp FRA:MIE
75 GF Score
Price €62.50
GF Value €29.26
! 6 Warning Signs
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What is Mitsubishi Electric Cyclically Adjusted PB Ratio?

Mitsubishi Electric FRA:MIE +2.46% 75 Cyclically Adjusted PB Ratio is 3.90 as of Aug. 06, 2026, which is 101% above its 10-year median of 1.94. GuruFocus rates FRA:MIE with a GF Score™ of 75/100 and a GF Value™ of €29.26. The stock has 6 warning signs investors should review. Among 2,254 Industrial Products companies, Mitsubishi Electric ranks worse than 72.76% on this metric.

As of today (2026-08-06), Mitsubishi Electric's current share price is €62.50. Mitsubishi Electric's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €16.03. Mitsubishi Electric's Cyclically Adjusted PB Ratio for today is 3.90.

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

FRA:MIE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.21   Med: 1.94   Max: 4.43
Current: 3.99

During the past years, Mitsubishi Electric's highest Cyclically Adjusted PB Ratio was 4.43. The lowest was 1.21. And the median was 1.94.

FRA:MIE's Cyclically Adjusted PB Ratio is ranked worse than
72.76% of 2254 companies
in the Industrial Products industry
Industry Median: 2.065 vs FRA:MIE: 3.99

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.

Mitsubishi Electric's adjusted book value per share data for the three months ended in Mar. 2026 was €23.890. 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 €16.03 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsubishi Electric  (FRA:MIE) 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.


Mitsubishi Electric Cyclically Adjusted PB Ratio Related Terms


Mitsubishi Electric Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mitsubishi Electric'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.

Mitsubishi Electric Cyclically Adjusted PB Ratio Chart

Mitsubishi Electric 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 1.45 1.45 2.06 2.01 3.37

Mitsubishi Electric 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 2.01 2.24 2.69 3.15 3.37

FRA:MIE vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.


Mitsubishi Electric Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


FRA:MIE
75GF Score
Mitsubishi Electric Corp FRA:MIE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mitsubishi Electric 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.

Mitsubishi Electric's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=62.50/16.03
=3.90

* 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.

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

For example, Mitsubishi Electric'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)
=23.89/112.7000*112.7000
=23.890

Current CPI (Mar. 2026) = 112.7000.

Mitsubishi Electric Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.687 98.100 15.724
201609 14.501 98.000 16.676
201612 14.778 98.400 16.926
201703 15.959 98.100 18.334
201706 15.432 98.500 17.657
201709 15.323 98.800 17.479
201712 15.721 99.400 17.825
201803 16.353 99.200 18.578
201806 16.566 99.200 18.820
201809 16.684 99.900 18.822
201812 16.872 99.700 19.072
201903 17.818 99.700 20.141
201906 18.051 99.800 20.384
201909 18.956 100.100 21.342
201912 19.058 100.500 21.372
202003 19.042 100.300 21.396
202006 18.618 99.900 21.003
202009 18.407 99.900 20.765
202012 18.701 99.300 21.225
202103 19.843 99.900 22.385
202106 19.392 99.500 21.965
202109 20.189 100.100 22.730
202112 20.567 100.100 23.156
202203 21.580 101.100 24.056
202206 20.244 101.800 22.412
202209 20.595 103.100 22.513
202212 20.367 104.100 22.050
202303 21.438 104.400 23.142
202306 20.728 105.200 22.206
202309 20.572 106.200 21.831
202312 20.732 106.800 21.877
202403 21.992 107.200 23.120
202406 21.459 108.200 22.351
202409 22.763 108.900 23.557
202412 23.397 110.700 23.820
202503 23.620 111.100 23.960
202506 22.962 111.700 23.168
202509 22.744 112.000 22.886
202512 22.281 113.000 22.222
202603 23.890 112.700 23.890

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 3.90 mean?
Mitsubishi Electric (FRA:MIE) has a Cyclically Adjusted PB Ratio of 3.90 as of Aug. 06, 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 Mitsubishi Electric and its competitors. This is 101% above median its historical median of 1.94. Over the past decade, Mitsubishi Electric's Cyclically Adjusted PB Ratio has ranged from 1.21 to 4.43. According to the industry distribution chart, Mitsubishi Electric ranks #1640 out of 2254 companies in the Industrial Products industry, placing it in the top 72.8%.
Is Mitsubishi Electric's Cyclically Adjusted PB Ratio too high?
Mitsubishi Electric's current Cyclically Adjusted PB Ratio of 3.90 is 101% above median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 4.43. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. Mitsubishi Electric's value of 3.90 is 88.9% above this industry median. Based on the distribution chart, Mitsubishi Electric ranks #1640 out of 2254 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mitsubishi Electric has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Electric's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Mitsubishi Electric ranks #1640 out of 2254 companies for Cyclically Adjusted PB Ratio. This places Mitsubishi Electric in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Mitsubishi Electric's value of 3.90 is 88.9% above this benchmark. Historically, Mitsubishi Electric's own Cyclically Adjusted PB Ratio has ranged from 1.21 to 4.43 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 2.07, Mitsubishi Electric 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.07, based on 2,254 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. Mitsubishi Electric's current Cyclically Adjusted PB Ratio of 3.90 is 88.9% 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 Mitsubishi Electric and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Electric's current Cyclically Adjusted PB Ratio is 3.90, which is 101% above median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Electric stock overvalued right now?
Mitsubishi Electric (FRA:MIE) has a current Cyclically Adjusted PB Ratio of 3.90. The stock's GF Value™ is €29.26, compared to a current price of €62.50 — trading 113.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.90, which is 101% above median its 10-year median of 1.94 and 88.9% above the Industrial Products industry median of 2.07. Mitsubishi Electric's overall GF Score™ is 75/100 with 6 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 Mitsubishi Electric (FRA:MIE), the current Cyclically Adjusted PB Ratio is 3.90 as of Aug. 06, 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 Mitsubishi Electric (FRA:MIE) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Electric stock appears to be overvalued. The current stock price of €62.50 is trading 113.6% above its estimated GF Value™ of €29.26.

Key valuation signals for FRA:MIE:

  • Cyclically Adjusted PB Ratio: 3.90 (101% above median its 10-year median of 1.94)
  • GF Value™: €29.26 vs. price of €62.50 (113.6% above fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 88.9% above the Industrial Products median (#1640 of 2254)

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


Mitsubishi Electric Business Description

Address 2-7-3 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310
Mitsubishi Electric is a leading Japanese diversified industrial manufacturer, specializing in factory automation systems, power and energy systems, infrastructure solutions, automotive equipment, electronic devices, and home appliances. Founded in 1921 and headquartered in Tokyo, the company operates globally with a strong presence in Asia, Europe, and North America. Known for its technological expertise and high reliability, Mitsubishi Electric plays a vital role in sectors ranging from smart manufacturing and transportation to energy management and defense. The company emphasizes sustainability, innovation, and long-term growth through its focus on electrification, automation, and digitalization.
75GF Score

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

€62.50
Price
€29.26
GF Value