Mitsui (FRA:MTS1) Cyclically Adjusted PB Ratio: 2.44 (As of Jul. 10, 2026) — 112% Above Median


FRA:MTS1 Mitsui & Co Ltd FRA:MTS1
82 GF Score
Price €24.78
GF Value €18.42
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Mitsui Cyclically Adjusted PB Ratio?

Mitsui FRA:MTS1 -1.39% 82 Cyclically Adjusted PB Ratio is 2.44 as of Jul. 10, 2026, which is 112% above its 10-year median of 1.15. GuruFocus rates FRA:MTS1 with a GF Score™ of 82/100 and a GF Value™ of €18.42 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 477 Conglomerates companies, Mitsui ranks worse than 76.31% on this metric.

As of today (2026-07-10), Mitsui's current share price is €24.78. Mitsui's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €10.17. Mitsui's Cyclically Adjusted PB Ratio for today is 2.44.

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

FRA:MTS1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1.15   Max: 3.64
Current: 2.49

During the past years, Mitsui's highest Cyclically Adjusted PB Ratio was 3.64. The lowest was 0.71. And the median was 1.15.

FRA:MTS1's Cyclically Adjusted PB Ratio is ranked worse than
76.31% of 477 companies
in the Conglomerates industry
Industry Median: 1.08 vs FRA:MTS1: 2.49

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.

Mitsui's adjusted book value per share data for the three months ended in Mar. 2026 was €16.863. 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 €10.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsui  (FRA:MTS1) 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.


Mitsui Cyclically Adjusted PB Ratio Related Terms


Mitsui Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mitsui'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.

Mitsui Cyclically Adjusted PB Ratio Chart

Mitsui 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 1.44 1.58 2.42 1.69 3.23

Mitsui 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 1.69 1.74 2.11 2.58 3.23

FRA:MTS1 vs HON, MMM: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Mitsui'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.


Mitsui Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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


FRA:MTS1
82GF Score
Mitsui & Co Ltd FRA:MTS1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsui 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.

Mitsui's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.78/10.17
=2.44

* 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.

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

For example, Mitsui'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)
=16.863/112.7000*112.7000
=16.863

Current CPI (Mar. 2026) = 112.7000.

Mitsui Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.394 98.100 8.494
201609 7.796 98.000 8.965
201612 8.305 98.400 9.512
201703 8.617 98.100 9.899
201706 8.493 98.500 9.717
201709 8.375 98.800 9.553
201712 8.745 99.400 9.915
201803 8.745 99.200 9.935
201806 9.368 99.200 10.643
201809 9.717 99.900 10.962
201812 9.712 99.700 10.978
201903 9.765 99.700 11.038
201906 9.974 99.800 11.263
201909 10.227 100.100 11.514
201912 10.358 100.500 11.615
202003 9.397 100.300 10.559
202006 9.493 99.900 10.709
202009 9.397 99.900 10.601
202012 9.730 99.300 11.043
202103 10.559 99.900 11.912
202106 11.044 99.500 12.509
202109 11.224 100.100 12.637
202112 11.960 100.100 13.465
202203 13.373 101.100 14.907
202206 12.825 101.800 14.198
202209 13.542 103.100 14.803
202212 13.843 104.100 14.987
202303 14.559 104.400 15.716
202306 14.655 105.200 15.700
202309 14.805 106.200 15.711
202312 15.075 106.800 15.908
202403 15.465 107.200 16.258
202406 15.669 108.200 16.321
202409 16.004 108.900 16.562
202412 16.175 110.700 16.467
202503 16.296 111.100 16.531
202506 15.857 111.700 15.999
202509 16.086 112.000 16.187
202512 16.155 113.000 16.112
202603 16.863 112.700 16.863

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 2.44 mean?
Mitsui (FRA:MTS1) has a Cyclically Adjusted PB Ratio of 2.44 as of Jul. 10, 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 Mitsui and its competitors. This is 112% above median its historical median of 1.15. Over the past decade, Mitsui's Cyclically Adjusted PB Ratio has ranged from 0.71 to 3.64. According to the industry distribution chart, Mitsui ranks #364 out of 477 companies in the Conglomerates industry, placing it in the top 76.3%.
Is Mitsui's Cyclically Adjusted PB Ratio too high?
Mitsui's current Cyclically Adjusted PB Ratio of 2.44 is 112% above median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 3.64. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.08. Mitsui's value of 2.44 is 125.9% above this industry median. Based on the distribution chart, Mitsui ranks #364 out of 477 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Mitsui has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsui's Cyclically Adjusted PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Mitsui ranks #364 out of 477 companies for Cyclically Adjusted PB Ratio. This places Mitsui in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.08. Mitsui's value of 2.44 is 125.9% above this benchmark. Historically, Mitsui's own Cyclically Adjusted PB Ratio has ranged from 0.71 to 3.64 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 1.08, Mitsui 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 1.08, based on 477 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. Mitsui's current Cyclically Adjusted PB Ratio of 2.44 is 125.9% 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 Mitsui and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsui's current Cyclically Adjusted PB Ratio is 2.44, which is 112% above median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsui stock overvalued right now?
Based on GuruFocus' analysis, Mitsui (FRA:MTS1) is currently considered Significantly Overvalued. The stock's GF Value™ is €18.42, compared to a current price of €24.78 — trading 34.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.44, which is 112% above median its 10-year median of 1.15 and 125.9% above the Conglomerates industry median of 1.08. Mitsui's overall GF Score™ is 82/100 with 9 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 Mitsui (FRA:MTS1), the current Cyclically Adjusted PB Ratio is 2.44 as of Jul. 10, 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 Mitsui (FRA:MTS1) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsui stock appears to be overvalued. The current stock price of €24.78 is trading 34.5% above its estimated GF Value™ of €18.42. GuruFocus considers Mitsui to be Significantly Overvalued.

Key valuation signals for FRA:MTS1:

  • Cyclically Adjusted PB Ratio: 2.44 (112% above median its 10-year median of 1.15)
  • GF Value™: €18.42 vs. price of €24.78 (34.5% above fair value)
  • GF Score™: 82/100 with 9 warning signs
  • Industry Position: 125.9% above the Conglomerates median (#364 of 477)

No single metric tells the full story. See the FRA:MTS1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsui Business Description

Address 2-1, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8631
Mitsui is a general trading house, or sogo shosha, a type of conglomerate unique to Japan. Its core role is that of a trading intermediary in a variety of industrial sectors, including resources businesses like energy and metals as well as nonresources businesses, both industrial ones like machinery and nonindustrial ones like food, healthcare, and retail. In addition to acting as a trading intermediary (including midstream processing functions to convert inputs into final products), Mitsui participates in upstream production businesses and downstream distribution businesses. Among Japan's large trading houses, Mitsui has the highest exposure to resources businesses.
82GF Score

Get the complete analysis for FRA:MTS1

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

€24.78
Price
€18.42
GF Value