FUJHY (Subaru) Cyclically Adjusted PB Ratio: 0.92 (As of Aug. 25, 2026) — 35% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

FUJHY Subaru Corp FUJHY
84 GF Score
Price $8.16
GF Value $9.64
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Subaru Cyclically Adjusted PB Ratio?

Subaru FUJHY -1.57% 84 Cyclically Adjusted PB Ratio is 0.92 as of Aug. 25, 2026, which is 35% below its 10-year median of 1.41. GuruFocus rates FUJHY with a GF Score™ of 84/100 and a GF Value™ of $9.64 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 947 Vehicles & Parts companies, Subaru ranks better than 60.82% on this metric.

As of today (2026-08-25), Subaru's current share price is $8.16. Subaru's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $8.86. Subaru's Cyclically Adjusted PB Ratio for today is 0.92.

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

FUJHY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.41   Max: 5.71
Current: 0.92

During the past years, Subaru's highest Cyclically Adjusted PB Ratio was 5.71. The lowest was 0.84. And the median was 1.41.

FUJHY's Cyclically Adjusted PB Ratio is ranked better than
60.82% of 947 companies
in the Vehicles & Parts industry
Industry Median: 1.23 vs FUJHY: 0.92

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.

Subaru's adjusted book value per share data for the three months ended in Jun. 2026 was $12.239. 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 $8.86 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Subaru  (OTCPK:FUJHY) 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.


Subaru Cyclically Adjusted PB Ratio Related Terms


Subaru Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Subaru'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.

Subaru Cyclically Adjusted PB Ratio Chart

Subaru 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 1.12 1.06 1.53 1.03 0.88

Subaru 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 0.95 1.12 1.22 0.88 0.83

FUJHY vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, Subaru'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.


Subaru Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Subaru's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FUJHY
84GF Score
Subaru Corp FUJHY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Subaru 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.16/8.86
=0.92

* 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.

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

For example, Subaru's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=12.239/113.6000*113.6000
=12.239

Current CPI (Jun. 2026) = 113.6000.

Subaru Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.689 98.000 10.072
201612 7.853 98.400 9.066
201703 8.425 98.100 9.756
201706 8.753 98.500 10.095
201709 8.819 98.800 10.140
201712 8.737 99.400 9.985
201803 9.549 99.200 10.935
201806 9.227 99.200 10.566
201809 9.131 99.900 10.383
201812 9.144 99.700 10.419
201903 9.870 99.700 11.246
201906 10.137 99.800 11.539
201909 10.203 100.100 11.579
201912 10.053 100.500 11.363
202003 10.373 100.300 11.748
202006 10.188 99.900 11.585
202009 10.518 99.900 11.960
202012 10.819 99.300 12.377
202103 10.663 99.900 12.125
202106 10.560 99.500 12.056
202109 10.763 100.100 12.215
202112 10.515 100.100 11.933
202203 10.396 101.100 11.681
202206 9.606 101.800 10.719
202209 9.344 103.100 10.296
202212 9.842 104.100 10.740
202303 10.247 104.400 11.150
202306 10.295 105.200 11.117
202309 10.357 106.200 11.079
202312 10.958 106.800 11.656
202403 11.379 107.200 12.058
202406 11.195 108.200 11.754
202409 12.124 108.900 12.647
202412 12.294 110.700 12.616
202503 12.456 111.100 12.736
202506 12.754 111.700 12.971
202509 12.848 112.000 13.032
202512 12.322 113.000 12.387
202603 12.246 112.700 12.344
202606 12.239 113.600 12.239

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 0.92 mean?
Subaru (FUJHY) has a Cyclically Adjusted PB Ratio of 0.92 as of Aug. 25, 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 Subaru and its competitors. This is 35% below median its historical median of 1.41. Over the past decade, Subaru's Cyclically Adjusted PB Ratio has ranged from 0.84 to 5.71. According to the industry distribution chart, Subaru ranks #371 out of 947 companies in the Vehicles & Parts industry, placing it in the top 39.2%.
Is Subaru's Cyclically Adjusted PB Ratio too high?
Subaru's current Cyclically Adjusted PB Ratio of 0.92 is 35% below median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 5.71. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.23. Subaru's value of 0.92 is 25.2% below this industry median. Based on the distribution chart, Subaru ranks #371 out of 947 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Subaru has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Subaru's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Subaru ranks #371 out of 947 companies for Cyclically Adjusted PB Ratio. This puts Subaru in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Subaru's value of 0.92 is 25.2% below this benchmark. Historically, Subaru's own Cyclically Adjusted PB Ratio has ranged from 0.84 to 5.71 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.23, Subaru 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.23, based on 947 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. Subaru's current Cyclically Adjusted PB Ratio of 0.92 is 25.2% 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 Subaru and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Subaru's current Cyclically Adjusted PB Ratio is 0.92, which is 35% below median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subaru stock overvalued right now?
Based on GuruFocus' analysis, Subaru (FUJHY) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.64, compared to a current price of $8.16 — trading 15.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.92, which is 35% below median its 10-year median of 1.41 and 25.2% below the Vehicles & Parts industry median of 1.23. Subaru's overall GF Score™ is 84/100 with 8 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 Subaru (FUJHY), the current Cyclically Adjusted PB Ratio is 0.92 as of Aug. 25, 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 Subaru (FUJHY) Overvalued in 2026?

Based on GuruFocus' analysis, Subaru stock appears to be undervalued. The current stock price of $8.16 is trading 15.4% below its estimated GF Value™ of $9.64. GuruFocus considers Subaru to be Modestly Undervalued.

Key valuation signals for FUJHY:

  • Cyclically Adjusted PB Ratio: 0.92 (35% below median its 10-year median of 1.41)
  • GF Value™: $9.64 vs. price of $8.16 (15.4% below fair value)
  • GF Score™: 84/100 with 8 warning signs
  • Industry Position: 25.2% below the Vehicles & Parts median (#371 of 947)

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


Subaru Business Description

Address 1-20-8 Ebisu, Ebisu Subaru Building, Shibuya-ku, Tokyo, JPN, 150-8554
Subaru Corp is a Japan-based company engaged in the automobile manufacturing business. The company operates through three segments: Automobile Business Unit, Aerospace, and Other Businesses. The Aerospace segment manufactures, sells, and repairs aircraft, space-related equipment, and parts. The Automobile segment manufactures, sells, and repairs automobiles and their parts, while also engaging in joint development of sports cars and electric vehicles with Toyota Motor Corporation, and receiving OEM supply of mini and compact cars from Daihatsu Motor. The Others segment is engaged in real estate leasing. It generates the majority of its revenue from the Automobile segment.
84GF Score

Get the complete analysis for FUJHY

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

$8.16
Price
$9.64
GF Value