Sanwa Holdings (FRA:XST) Cyclically Adjusted PB Ratio: 3.68 (As of Jul. 19, 2026) — 43% Above Median

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FRA:XST Sanwa Holdings Corp FRA:XST
84 GF Score
Price €20.00
GF Value €20.54
Valuation Fairly Valued
! 1 Warning Sign
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What is Sanwa Holdings Cyclically Adjusted PB Ratio?

Sanwa Holdings FRA:XST +1.01% 84 Cyclically Adjusted PB Ratio is 3.68 as of Jul. 19, 2026, which is 43% above its 10-year median of 2.58. GuruFocus rates FRA:XST with a GF Score™ of 84/100 and a GF Value™ of €20.54 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,362 Construction companies, Sanwa Holdings ranks worse than 83.33% on this metric.

As of today (2026-07-19), Sanwa Holdings's current share price is €20.00. Sanwa Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €5.44. Sanwa Holdings's Cyclically Adjusted PB Ratio for today is 3.68.

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

FRA:XST' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.3   Med: 2.58   Max: 5.81
Current: 3.76

During the past years, Sanwa Holdings's highest Cyclically Adjusted PB Ratio was 5.81. The lowest was 1.30. And the median was 2.58.

FRA:XST's Cyclically Adjusted PB Ratio is ranked worse than
83.33% of 1362 companies
in the Construction industry
Industry Median: 1.18 vs FRA:XST: 3.76

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.

Sanwa Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was €9.053. 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 €5.44 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sanwa Holdings  (FRA:XST) 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.


Sanwa Holdings Cyclically Adjusted PB Ratio Related Terms


Sanwa Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sanwa 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.

Sanwa Holdings Cyclically Adjusted PB Ratio Chart

Sanwa 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 2.01 2.01 3.36 5.31 3.53

Sanwa Holdings 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 5.31 5.19 4.47 4.17 3.53

FRA:XST vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Sanwa 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.


Sanwa Holdings Cyclically Adjusted PB Ratio vs Construction Industry

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

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


FRA:XST
84GF Score
Sanwa Holdings Corp FRA:XST
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sanwa 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.

Sanwa Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.00/5.44
=3.68

* 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.

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

For example, Sanwa Holdings'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)
=9.053/112.7000*112.7000
=9.053

Current CPI (Mar. 2026) = 112.7000.

Sanwa Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.500 98.100 5.170
201609 4.620 98.000 5.313
201612 4.298 98.400 4.923
201703 5.038 98.100 5.788
201706 4.658 98.500 5.330
201709 4.728 98.800 5.393
201712 4.721 99.400 5.353
201803 5.109 99.200 5.804
201806 4.973 99.200 5.650
201809 5.096 99.900 5.749
201812 5.302 99.700 5.993
201903 5.690 99.700 6.432
201906 5.689 99.800 6.424
201909 5.977 100.100 6.729
201912 5.733 100.500 6.429
202003 6.255 100.300 7.028
202006 5.985 99.900 6.752
202009 6.056 99.900 6.832
202012 6.016 99.300 6.828
202103 6.301 99.900 7.108
202106 6.245 99.500 7.073
202109 6.662 100.100 7.501
202112 6.658 100.100 7.496
202203 6.999 101.100 7.802
202206 6.628 101.800 7.338
202209 7.358 103.100 8.043
202212 7.629 104.100 8.259
202303 7.617 104.400 8.223
202306 7.160 105.200 7.670
202309 7.812 106.200 8.290
202312 8.033 106.800 8.477
202403 7.962 107.200 8.370
202406 0.000 108.200 0.000
202409 9.121 108.900 9.439
202412 8.348 110.700 8.499
202503 9.305 111.100 9.439
202506 8.317 111.700 8.391
202509 8.479 112.000 8.532
202512 8.160 113.000 8.138
202603 9.053 112.700 9.053

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 3.68 mean?
Sanwa Holdings (FRA:XST) has a Cyclically Adjusted PB Ratio of 3.68 as of Jul. 19, 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 Sanwa Holdings and its competitors. This is 43% above median its historical median of 2.58. Over the past decade, Sanwa Holdings' Cyclically Adjusted PB Ratio has ranged from 1.30 to 5.81. According to the industry distribution chart, Sanwa Holdings ranks #1135 out of 1362 companies in the Construction industry, placing it in the top 83.3%.
Is Sanwa Holdings' Cyclically Adjusted PB Ratio too high?
Sanwa Holdings' current Cyclically Adjusted PB Ratio of 3.68 is 43% above median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 5.81. The Construction industry median Cyclically Adjusted PB Ratio is 1.18. Sanwa Holdings' value of 3.68 is 211.9% above this industry median. Based on the distribution chart, Sanwa Holdings ranks #1135 out of 1362 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Sanwa Holdings has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sanwa Holdings' Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Sanwa Holdings ranks #1135 out of 1362 companies for Cyclically Adjusted PB Ratio. This places Sanwa Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Sanwa Holdings' value of 3.68 is 211.9% above this benchmark. Historically, Sanwa Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.30 to 5.81 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 1.18, Sanwa Holdings 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.18, based on 1,362 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. Sanwa Holdings's current Cyclically Adjusted PB Ratio of 3.68 is 211.9% 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 Sanwa Holdings and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanwa Holdings's current Cyclically Adjusted PB Ratio is 3.68, which is 43% above median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanwa Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sanwa Holdings (FRA:XST) is currently considered Fairly Valued. The stock's GF Value™ is €20.54, compared to a current price of €20.00 — trading 2.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.68, which is 43% above median its 10-year median of 2.58 and 211.9% above the Construction industry median of 1.18. Sanwa Holdings' overall GF Score™ is 84/100 with 1 warning sign 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 Sanwa Holdings (FRA:XST), the current Cyclically Adjusted PB Ratio is 3.68 as of Jul. 19, 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 Sanwa Holdings (FRA:XST) Overvalued in 2026?

Based on GuruFocus' analysis, Sanwa Holdings stock appears to be undervalued. The current stock price of €20.00 is trading 2.6% below its estimated GF Value™ of €20.54. GuruFocus considers Sanwa Holdings to be Fairly Valued.

Key valuation signals for FRA:XST:

  • Cyclically Adjusted PB Ratio: 3.68 (43% above median its 10-year median of 2.58)
  • GF Value™: €20.54 vs. price of €20.00 (2.6% below fair value)
  • GF Score™: 84/100 with 1 warning sign
  • Industry Position: 211.9% above the Construction median (#1135 of 1362)

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


Sanwa Holdings Business Description

Other Exchanges 5929:Japan
Address 2-1-1 Nishi-Shinjuku, 52nd Floor, Shinjuku Mitsui Building, Shinjuku-ku, Tokyo, JPN, 163-0478
Sanwa Holdings Corp is a Japan-based company engaged in producing and selling construction materials for buildings and commercial facilities. The company also provides maintenance and renovation services. Its products include condominium doors, window shutters, exterior products, garage doors, operators, and hinge doors for residential buildings; and heavy-duty shutters, steel doors, partitions, stainless steel products, overhead doors, automatic doors, truck/trailer doors, and industrial doors for non-residential buildings. The company operates in Japan, North America, and Europe.
84GF Score

Get the complete analysis for FRA:XST

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

€20.00
Price
€20.54
GF Value