Tsuzuki Denki Co (FRA:Q73) Cyclically Adjusted PB Ratio: 1.95 (As of Jul. 29, 2026) — 82% Above Median

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FRA:Q73 Tsuzuki Denki Co Ltd FRA:Q73
59 GF Score
Price €21.60
GF Value €11.45
! 3 Warning Signs
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What is Tsuzuki Denki Co Cyclically Adjusted PB Ratio?

Tsuzuki Denki Co FRA:Q73 -1.82% 59 Cyclically Adjusted PB Ratio is 1.95 as of Jul. 29, 2026, which is 82% above its 10-year median of 1.07. GuruFocus rates FRA:Q73 with a GF Score™ of 59/100 and a GF Value™ of €11.45. The stock has 3 warning signs investors should review. Among 474 Conglomerates companies, Tsuzuki Denki Co ranks worse than 70.68% on this metric.

As of today (2026-07-29), Tsuzuki Denki Co's current share price is €21.60. Tsuzuki Denki Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €11.07. Tsuzuki Denki Co's Cyclically Adjusted PB Ratio for today is 1.95.

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

FRA:Q73' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.07   Max: 2.03
Current: 1.93

During the past years, Tsuzuki Denki Co's highest Cyclically Adjusted PB Ratio was 2.03. The lowest was 0.53. And the median was 1.07.

FRA:Q73's Cyclically Adjusted PB Ratio is ranked worse than
70.68% of 474 companies
in the Conglomerates industry
Industry Median: 1.02 vs FRA:Q73: 1.93

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.

Tsuzuki Denki Co's adjusted book value per share data for the three months ended in Mar. 2026 was €14.460. 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 €11.07 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsuzuki Denki Co  (FRA:Q73) 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.


Tsuzuki Denki Co Cyclically Adjusted PB Ratio Related Terms


Tsuzuki Denki Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tsuzuki Denki 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.

Tsuzuki Denki Co Cyclically Adjusted PB Ratio Chart

Tsuzuki Denki 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 0.91 0.88 1.26 1.14 1.68

Tsuzuki Denki Co 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 1.14 1.40 1.65 1.69 1.68

FRA:Q73 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Tsuzuki Denki 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.


Tsuzuki Denki Co Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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


FRA:Q73
59GF Score
Tsuzuki Denki Co Ltd FRA:Q73
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tsuzuki Denki 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.

Tsuzuki Denki Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.60/11.07
=1.95

* 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.

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

For example, Tsuzuki Denki Co'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)
=14.46/112.7000*112.7000
=14.460

Current CPI (Mar. 2026) = 112.7000.

Tsuzuki Denki Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.738 98.100 15.783
201609 14.990 98.000 17.239
201612 14.090 98.400 16.138
201703 13.458 98.100 15.461
201706 12.730 98.500 14.565
201709 12.407 98.800 14.153
201712 14.309 99.400 16.224
201803 12.330 99.200 14.008
201806 12.045 99.200 13.684
201809 12.307 99.900 13.884
201812 12.253 99.700 13.851
201903 13.272 99.700 15.003
201906 13.053 99.800 14.740
201909 14.105 100.100 15.880
201912 16.413 100.500 18.405
202003 14.340 100.300 16.113
202006 13.497 99.900 15.226
202009 13.632 99.900 15.379
202012 13.415 99.300 15.225
202103 13.607 99.900 15.350
202106 13.029 99.500 14.757
202109 13.740 100.100 15.470
202112 13.845 100.100 15.588
202203 14.194 101.100 15.823
202206 12.863 101.800 14.240
202209 13.208 103.100 14.438
202212 13.169 104.100 14.257
202303 13.626 104.400 14.709
202306 12.826 105.200 13.740
202309 13.405 106.200 14.225
202312 13.696 106.800 14.453
202403 13.766 107.200 14.472
202406 12.930 108.200 13.468
202409 14.139 108.900 14.632
202412 14.009 110.700 14.262
202503 15.117 111.100 15.335
202506 14.417 111.700 14.546
202509 14.209 112.000 14.298
202512 13.649 113.000 13.613
202603 14.460 112.700 14.460

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 1.95 mean?
Tsuzuki Denki Co (FRA:Q73) has a Cyclically Adjusted PB Ratio of 1.95 as of Jul. 29, 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 Tsuzuki Denki Co and its competitors. This is 82% above median its historical median of 1.07. Over the past decade, Tsuzuki Denki Co's Cyclically Adjusted PB Ratio has ranged from 0.53 to 2.03. According to the industry distribution chart, Tsuzuki Denki Co ranks #335 out of 474 companies in the Conglomerates industry, placing it in the top 70.7%.
Is Tsuzuki Denki Co's Cyclically Adjusted PB Ratio too high?
Tsuzuki Denki Co's current Cyclically Adjusted PB Ratio of 1.95 is 82% above median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 2.03. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. Tsuzuki Denki Co's value of 1.95 is 91.2% above this industry median. Based on the distribution chart, Tsuzuki Denki Co ranks #335 out of 474 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Tsuzuki Denki Co has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Tsuzuki Denki Co's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Tsuzuki Denki Co ranks #335 out of 474 companies for Cyclically Adjusted PB Ratio. This places Tsuzuki Denki Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. Tsuzuki Denki Co's value of 1.95 is 91.2% above this benchmark. Historically, Tsuzuki Denki Co's own Cyclically Adjusted PB Ratio has ranged from 0.53 to 2.03 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 1.02, Tsuzuki Denki Co 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 1.02, based on 474 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. Tsuzuki Denki Co's current Cyclically Adjusted PB Ratio of 1.95 is 91.2% 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 Tsuzuki Denki Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsuzuki Denki Co's current Cyclically Adjusted PB Ratio is 1.95, which is 82% above median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsuzuki Denki Co stock overvalued right now?
Tsuzuki Denki Co (FRA:Q73) has a current Cyclically Adjusted PB Ratio of 1.95. The stock's GF Value™ is €11.45, compared to a current price of €21.60 — trading 88.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.95, which is 82% above median its 10-year median of 1.07 and 91.2% above the Conglomerates industry median of 1.02. Tsuzuki Denki Co's overall GF Score™ is 59/100 with 3 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 Tsuzuki Denki Co (FRA:Q73), the current Cyclically Adjusted PB Ratio is 1.95 as of Jul. 29, 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 Tsuzuki Denki Co (FRA:Q73) Overvalued in 2026?

Based on GuruFocus' analysis, Tsuzuki Denki Co stock appears to be overvalued. The current stock price of €21.60 is trading 88.6% above its estimated GF Value™ of €11.45.

Key valuation signals for FRA:Q73:

  • Cyclically Adjusted PB Ratio: 1.95 (82% above median its 10-year median of 1.07)
  • GF Value™: €11.45 vs. price of €21.60 (88.6% above fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 91.2% above the Conglomerates median (#335 of 474)

No single metric tells the full story. See the FRA:Q73 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsuzuki Denki Co Business Description

Other Exchanges 8157:Japan
Address Tokyo Art Club Building, 6-19-15 Shinbashi, Minato-ku, Tokyo, JPN, 105-8665
Tsuzuki Denki Co Ltd engages in provision of information network system solution services. Its electronic devices comprise logic ICs, memory ICs, discrete semiconductors, compound semiconductors, relays, connectors, mouse, display panels, circuit boards, communication modules, and other components. The company's information equipment includes hard disks, PC/servers, printers, and other electronic devices; computer supplies, such as toners, ink ribbons, papers, and data media; computer-related products consisting of PC peripherals and network equipment; stationary/office supplies; and office solutions comprising interior design/construction. The company serves customers in the fields of manufacturing, distribution and services, medical and welfare, public and education, and financial.
59GF Score

Get the complete analysis for FRA:Q73

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

€21.60
Price
€11.45
GF Value