Shikoku Electric Power Co (FRA:X9N) Cyclically Adjusted PB Ratio: 0.99 (As of Aug. 18, 2026) — 50% Above Median

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FRA:X9N Shikoku Electric Power Co Inc FRA:X9N
49 GF Score
Price €9.55
GF Value €6.42
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Shikoku Electric Power Co Cyclically Adjusted PB Ratio?

Shikoku Electric Power Co FRA:X9N 49 Cyclically Adjusted PB Ratio is 0.99 as of Aug. 18, 2026, which is 50% above its 10-year median of 0.66. GuruFocus rates FRA:X9N with a GF Score™ of 49/100 and a GF Value™ of €6.42 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 429 Utilities - Regulated companies, Shikoku Electric Power Co ranks better than 69.23% on this metric.

As of today (2026-08-18), Shikoku Electric Power Co's current share price is €9.55. Shikoku Electric Power Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €9.63. Shikoku Electric Power Co's Cyclically Adjusted PB Ratio for today is 0.99.

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

FRA:X9N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.66   Max: 1.02
Current: 0.99

During the past years, Shikoku Electric Power Co's highest Cyclically Adjusted PB Ratio was 1.02. The lowest was 0.42. And the median was 0.66.

FRA:X9N's Cyclically Adjusted PB Ratio is ranked better than
69.23% of 429 companies
in the Utilities - Regulated industry
Industry Median: 1.52 vs FRA:X9N: 0.99

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.

Shikoku Electric Power Co's adjusted book value per share data for the three months ended in Mar. 2026 was €12.657. 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 €9.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shikoku Electric Power Co  (FRA:X9N) 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.


Shikoku Electric Power Co Cyclically Adjusted PB Ratio Related Terms


Shikoku Electric Power Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shikoku Electric Power 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.

Shikoku Electric Power Co Cyclically Adjusted PB Ratio Chart

Shikoku Electric Power 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 0.52 0.48 0.74 0.67 0.96

Shikoku Electric Power Co 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 0.69 0.74 0.86 0.96 0.00

FRA:X9N vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Shikoku Electric Power 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.


Shikoku Electric Power Co Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shikoku Electric Power Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:X9N
49GF Score
Shikoku Electric Power Co Inc FRA:X9N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shikoku Electric Power 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.

Shikoku Electric Power Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.55/9.63
=0.99

* 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.

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

For example, Shikoku Electric Power 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)
=12.657/112.7000*112.7000
=12.657

Current CPI (Mar. 2026) = 112.7000.

Shikoku Electric Power Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.169 98.100 12.831
201609 12.046 98.000 13.853
201612 11.774 98.400 13.485
201703 12.208 98.100 14.025
201706 11.914 98.500 13.632
201709 11.807 98.800 13.468
201712 11.645 99.400 13.203
201803 11.598 99.200 13.176
201806 11.469 99.200 13.030
201809 11.737 99.900 13.241
201812 11.983 99.700 13.545
201903 12.344 99.700 13.954
201906 12.818 99.800 14.475
201909 13.838 100.100 15.580
201912 13.369 100.500 14.992
202003 13.260 100.300 14.899
202006 12.935 99.900 14.592
202009 12.967 99.900 14.628
202012 12.601 99.300 14.301
202103 12.234 99.900 13.802
202106 11.765 99.500 13.326
202109 12.119 100.100 13.644
202112 11.620 100.100 13.083
202203 11.646 101.100 12.982
202206 10.957 101.800 12.130
202209 11.406 103.100 12.468
202212 11.030 104.100 11.941
202303 10.050 104.400 10.849
202306 9.767 105.200 10.463
202309 10.760 106.200 11.419
202312 11.034 106.800 11.644
202403 10.764 107.200 11.316
202406 11.080 108.200 11.541
202409 12.430 108.900 12.864
202412 12.058 110.700 12.276
202503 13.216 111.100 13.406
202506 12.910 111.700 13.026
202509 13.204 112.000 13.287
202512 12.415 113.000 12.382
202603 12.657 112.700 12.657

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 0.99 mean?
Shikoku Electric Power Co (FRA:X9N) has a Cyclically Adjusted PB Ratio of 0.99 as of Aug. 18, 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 Shikoku Electric Power Co and its competitors. This is 50% above median its historical median of 0.66. Over the past decade, Shikoku Electric Power Co's Cyclically Adjusted PB Ratio has ranged from 0.42 to 1.02. According to the industry distribution chart, Shikoku Electric Power Co ranks #132 out of 429 companies in the Utilities - Regulated industry, placing it in the top 30.8%.
Is Shikoku Electric Power Co's Cyclically Adjusted PB Ratio too high?
Shikoku Electric Power Co's current Cyclically Adjusted PB Ratio of 0.99 is 50% above median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 1.02. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. Shikoku Electric Power Co's value of 0.99 is 34.9% below this industry median. Based on the distribution chart, Shikoku Electric Power Co ranks #132 out of 429 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Shikoku Electric Power Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shikoku Electric Power Co's Cyclically Adjusted PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Shikoku Electric Power Co ranks #132 out of 429 companies for Cyclically Adjusted PB Ratio. This puts Shikoku Electric Power Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Shikoku Electric Power Co's value of 0.99 is 34.9% below this benchmark. Historically, Shikoku Electric Power Co's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 1.02 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 1.52, Shikoku Electric Power Co has consistently been below 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 Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.52, based on 429 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. Shikoku Electric Power Co's current Cyclically Adjusted PB Ratio of 0.99 is 34.9% below 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 Shikoku Electric Power Co and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shikoku Electric Power Co's current Cyclically Adjusted PB Ratio is 0.99, which is 50% above median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shikoku Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Shikoku Electric Power Co (FRA:X9N) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.42, compared to a current price of €9.55 — trading 48.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.99, which is 50% above median its 10-year median of 0.66 and 34.9% below the Utilities - Regulated industry median of 1.52. Shikoku Electric Power Co's overall GF Score™ is 49/100 with 10 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 Shikoku Electric Power Co (FRA:X9N), the current Cyclically Adjusted PB Ratio is 0.99 as of Aug. 18, 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 Shikoku Electric Power Co (FRA:X9N) Overvalued in 2026?

Based on GuruFocus' analysis, Shikoku Electric Power Co stock appears to be overvalued. The current stock price of €9.55 is trading 48.8% above its estimated GF Value™ of €6.42. GuruFocus considers Shikoku Electric Power Co to be Significantly Overvalued.

Key valuation signals for FRA:X9N:

  • Cyclically Adjusted PB Ratio: 0.99 (50% above median its 10-year median of 0.66)
  • GF Value™: €6.42 vs. price of €9.55 (48.8% above fair value)
  • GF Score™: 49/100 with 10 warning signs
  • Industry Position: 34.9% below the Utilities - Regulated median (#132 of 429)

No single metric tells the full story. See the FRA:X9N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shikoku Electric Power Co Business Description

Other Exchanges 9507:Japan
Address 2-5 Marunouchi, Kagawa Prefecture, Takamatsu, JPN, 760-8573
Shikoku Electric Power Co Inc is an electric utility company that supplies electric power to customers in Japan's Shikoku region. The company's principal activity is generating, transmitting, and distributing electricity. It produces energy through its portfolio of coal, nuclear, oil, hydroelectric, and natural gas power plants. Thermal and nuclear assets represent the majority of its electric power generation capacity. The company operates in four segments: Electricity business, Information and communications business, International business, and Other business. The vast majority of the company's revenue is derived by selling electricity produced by coal-fueled facilities and transmitted to industrial and commercial customers.
49GF Score

Get the complete analysis for FRA:X9N

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

€9.55
Price
€6.42
GF Value