Osaka Steel Co (FSE:5449) Cyclically Adjusted PB Ratio: 0.60 (As of Aug. 01, 2026) — 11% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FSE:5449 Osaka Steel Co Ltd FSE:5449
66 GF Score
Price 円2,506.00
GF Value 円2,655.12
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Osaka Steel Co Cyclically Adjusted PB Ratio?

Osaka Steel Co FSE:5449 -10.95% 66 Cyclically Adjusted PB Ratio is 0.60 as of Aug. 01, 2026, which is 11% above its 10-year median of 0.54. GuruFocus rates FSE:5449 with a GF Score™ of 66/100 and a GF Value™ of 円2,655.12 (Fairly Valued). The stock has 3 warning signs investors should review. Among 507 Steel companies, Osaka Steel Co ranks better than 63.71% on this metric.

As of today (2026-08-01), Osaka Steel Co's current share price is 円2506.00. Osaka Steel Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円4,165.18. Osaka Steel Co's Cyclically Adjusted PB Ratio for today is 0.60.

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

FSE:5449' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.54   Max: 0.88
Current: 0.64

During the past years, Osaka Steel Co's highest Cyclically Adjusted PB Ratio was 0.88. The lowest was 0.28. And the median was 0.54.

FSE:5449's Cyclically Adjusted PB Ratio is ranked better than
63.71% of 507 companies
in the Steel industry
Industry Median: 0.91 vs FSE:5449: 0.64

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.

Osaka Steel Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円3,722.283. 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 円4,165.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Osaka Steel Co  (FSE:5449) 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.


Osaka Steel Co Cyclically Adjusted PB Ratio Related Terms


Osaka Steel Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Osaka Steel 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.

Osaka Steel Co Cyclically Adjusted PB Ratio Chart

Osaka Steel 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 0.43 0.35 0.57 0.70 0.65

Osaka Steel 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 0.70 0.69 0.61 0.66 0.65

FSE:5449 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Osaka Steel 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.


Osaka Steel Co Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Osaka Steel Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FSE:5449
66GF Score
Osaka Steel Co Ltd FSE:5449
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Osaka Steel 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.

Osaka Steel Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2506.00/4165.18
=0.60

* 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.

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

For example, Osaka Steel 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)
=3722.283/112.7000*112.7000
=3,722.283

Current CPI (Mar. 2026) = 112.7000.

Osaka Steel Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3,472.715 98.100 3,989.551
201609 3,490.134 98.000 4,013.654
201612 3,501.490 98.400 4,010.345
201703 3,554.237 98.100 4,083.206
201706 3,573.943 98.500 4,089.171
201709 3,591.516 98.800 4,096.800
201712 3,613.201 99.400 4,096.657
201803 3,635.313 99.200 4,130.038
201806 3,651.833 99.200 4,148.806
201809 3,658.462 99.900 4,127.214
201812 3,662.162 99.700 4,139.676
201903 3,691.606 99.700 4,172.959
201906 3,713.548 99.800 4,193.556
201909 3,736.209 100.100 4,206.501
201912 3,755.428 100.500 4,211.311
202003 3,762.390 100.300 4,227.531
202006 3,729.966 99.900 4,207.880
202009 3,750.392 99.900 4,230.923
202012 3,738.059 99.300 4,242.490
202103 3,759.050 99.900 4,240.690
202106 3,784.307 99.500 4,286.346
202109 3,802.009 100.100 4,280.584
202112 3,811.490 100.100 4,291.258
202203 3,819.373 101.100 4,257.600
202206 3,827.415 101.800 4,237.227
202209 3,870.940 103.100 4,231.377
202212 3,867.035 104.100 4,186.502
202303 3,879.239 104.400 4,187.646
202306 3,886.562 105.200 4,163.646
202309 3,910.714 106.200 4,150.070
202312 3,940.416 106.800 4,158.098
202403 3,910.352 107.200 4,110.976
202406 3,950.821 108.200 4,115.134
202409 3,993.833 108.900 4,133.195
202412 3,920.604 110.700 3,991.437
202503 4,007.940 111.100 4,065.660
202506 4,396.303 111.700 4,435.661
202509 4,366.957 112.000 4,394.250
202512 4,360.707 113.000 4,349.130
202603 3,722.283 112.700 3,722.283

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 0.60 mean?
Osaka Steel Co (FSE:5449) has a Cyclically Adjusted PB Ratio of 0.60 as of Aug. 01, 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 Osaka Steel Co and its competitors. This is 11% above median its historical median of 0.54. Over the past decade, Osaka Steel Co's Cyclically Adjusted PB Ratio has ranged from 0.28 to 0.88. According to the industry distribution chart, Osaka Steel Co ranks #184 out of 507 companies in the Steel industry, placing it in the top 36.3%.
Is Osaka Steel Co's Cyclically Adjusted PB Ratio too high?
Osaka Steel Co's current Cyclically Adjusted PB Ratio of 0.60 is 11% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.88. The Steel industry median Cyclically Adjusted PB Ratio is 0.91. Osaka Steel Co's value of 0.60 is 34.1% below this industry median. Based on the distribution chart, Osaka Steel Co ranks #184 out of 507 companies in the Steel industry, which is above the industry midpoint. Overall, Osaka Steel Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Osaka Steel Co's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Osaka Steel Co ranks #184 out of 507 companies for Cyclically Adjusted PB Ratio. This puts Osaka Steel Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.91. Osaka Steel Co's value of 0.60 is 34.1% below this benchmark. Historically, Osaka Steel Co's own Cyclically Adjusted PB Ratio has ranged from 0.28 to 0.88 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.91, Osaka Steel 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 a Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.91, based on 507 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. Osaka Steel Co's current Cyclically Adjusted PB Ratio of 0.60 is 34.1% 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 Osaka Steel Co and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Osaka Steel Co's current Cyclically Adjusted PB Ratio is 0.60, which is 11% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Osaka Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Osaka Steel Co (FSE:5449) is currently considered Fairly Valued. The stock's GF Value™ is 円2,655.12, compared to a current price of 円2,506.00 — trading 5.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.60, which is 11% above median its 10-year median of 0.54 and 34.1% below the Steel industry median of 0.91. Osaka Steel Co's overall GF Score™ is 66/100 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 Osaka Steel Co (FSE:5449), the current Cyclically Adjusted PB Ratio is 0.60 as of Aug. 01, 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 Osaka Steel Co (FSE:5449) Overvalued in 2026?

Based on GuruFocus' analysis, Osaka Steel Co stock appears to be undervalued. The current stock price of 円2,506.00 is trading 5.6% below its estimated GF Value™ of 円2,655.12. GuruFocus considers Osaka Steel Co to be Fairly Valued.

Key valuation signals for FSE:5449:

  • Cyclically Adjusted PB Ratio: 0.60 (11% above median its 10-year median of 0.54)
  • GF Value™: 円2,655.12 vs. price of 円2,506.00 (5.6% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 34.1% below the Steel median (#184 of 507)

No single metric tells the full story. See the FSE:5449 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Osaka Steel Co Business Description

Other Exchanges OSKXF:USA5449:Japan
Address 3-6-1, Dosho-machi, Chuo-ku, Keihanshin-Midosuji Building 11th Floor, Osaka, JPN, 541-0045
Osaka Steel Co Ltd manufactures and sells steel products, such as Equal angles, unequal angles, channels, I-beams, round bars, deformed bars, mechanical joints for reinforcing bars, rails, elevator guide rails, colored angles, colored channels, billets and other semi-finished steel products. It also provides delivery services and premises operation business.
66GF Score

Get the complete analysis for FSE:5449

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

円2,506.00
Price
円2,655.12
GF Value