Furukawa Electric Co (HAM:FKA) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

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Director of Data and Quant Analytics at GuruFocus
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HAM:FKA Furukawa Electric Co Ltd HAM:FKA
70 GF Score
Price €15.19
GF Value €2.86
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Furukawa Electric Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Furukawa Electric Co  (HAM:FKA) 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.


Furukawa Electric Co Cyclically Adjusted PB Ratio Related Terms


Furukawa Electric Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Furukawa Electric 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.

Furukawa Electric Co Cyclically Adjusted PB Ratio Chart

Furukawa Electric 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 0.71 0.73 0.90 1.26 6.86

Furukawa Electric 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 1.26 1.77 2.26 2.43 6.86

HAM:FKA vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Furukawa Electric 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.


Furukawa Electric Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Furukawa Electric Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HAM:FKA
70GF Score
Furukawa Electric Co Ltd HAM:FKA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Furukawa Electric 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.

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

For example, Furukawa Electric 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)
=3.232/112.7000*112.7000
=3.232

Current CPI (Mar. 2026) = 112.7000.

Furukawa Electric Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.013 98.100 2.313
201609 2.161 98.000 2.485
201612 2.275 98.400 2.606
201703 2.429 98.100 2.791
201706 2.369 98.500 2.711
201709 2.449 98.800 2.794
201712 2.580 99.400 2.925
201803 2.566 99.200 2.915
201806 2.578 99.200 2.929
201809 2.622 99.900 2.958
201812 2.700 99.700 3.052
201903 2.798 99.700 3.163
201906 2.835 99.800 3.201
201909 2.940 100.100 3.310
201912 2.924 100.500 3.279
202003 2.865 100.300 3.219
202006 2.829 99.900 3.191
202009 2.715 99.900 3.063
202012 2.681 99.300 3.043
202103 2.849 99.900 3.214
202106 2.841 99.500 3.218
202109 2.917 100.100 3.284
202112 2.890 100.100 3.254
202203 3.038 101.100 3.387
202206 2.918 101.800 3.230
202209 2.988 103.100 3.266
202212 2.955 104.100 3.199
202303 2.994 104.400 3.232
202306 2.842 105.200 3.045
202309 2.769 106.200 2.938
202312 2.729 106.800 2.880
202403 2.861 107.200 3.008
202406 0.000 108.200 0.000
202409 2.895 108.900 2.996
202412 2.892 110.700 2.944
202503 3.007 111.100 3.050
202506 2.883 111.700 2.909
202509 2.891 112.000 2.909
202512 2.941 113.000 2.933
202603 3.232 112.700 3.232

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.

Is Furukawa Electric Co (HAM:FKA) Overvalued in 2026?

Based on GuruFocus' analysis, Furukawa Electric Co stock appears to be overvalued. The current stock price of €15.19 is trading 431.1% above its estimated GF Value™ of €2.86. GuruFocus considers Furukawa Electric Co to be Significantly Overvalued.

Key valuation signals for HAM:FKA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2.86 vs. price of €15.19 (431.1% above fair value)
  • GF Score™: 70/100 with 1 warning sign

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


Furukawa Electric Co Business Description

Address 2-6-4 Otemachi, Tokiwabashi Tower, Chiyoda-ku, Tokyo, JPN, 100-8322
Furukawa Electric Co Ltd is engaged in the manufacture and sale of electrical and electronic products. The company operates through four reportable segments: Infrastructure, Electronics, Functional Products, and Services & Development. The Infrastructure segment includes optical fibers, cables, and network systems; the Electronics segment covers automotive parts, batteries, copper and aluminum products, and materials for electronic components; the Functional Products segment offers materials for semiconductors and heat dissipation; and the Services and Development segment includes power generation and real estate activities. It generates the majority of its revenue from the Electronics segment.
70GF Score

Get the complete analysis for HAM:FKA

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

€15.19
Price
€2.86
GF Value