Fanuc (HAM:FUC) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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.

HAM:FUC Fanuc Corp HAM:FUC
86 GF Score
Price €32.68
GF Value €27.47
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Fanuc Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fanuc  (HAM:FUC) 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.


Fanuc Cyclically Adjusted PB Ratio Related Terms


Fanuc Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fanuc'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.

Fanuc Cyclically Adjusted PB Ratio Chart

Fanuc 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 - - - 10.00 2.30

Fanuc 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 10.09 10.08 2.62 2.33 3.14

HAM:FUC vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Fanuc'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.


Fanuc Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


HAM:FUC
86GF Score
Fanuc Corp HAM:FUC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fanuc 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.

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

For example, Fanuc'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)
=11.014/113.6000*113.6000
=11.014

Current CPI (Jun. 2026) = 113.6000.

Fanuc Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.851 98.000 13.737
201612 11.170 98.400 12.895
201703 11.855 98.100 13.728
201706 11.058 98.500 12.753
201709 11.070 98.800 12.728
201712 10.984 99.400 12.553
201803 11.578 99.200 13.259
201806 11.594 99.200 13.277
201809 11.734 99.900 13.343
201812 11.659 99.700 13.284
201903 11.998 99.700 13.671
201906 11.418 99.800 12.997
201909 11.962 100.100 13.575
201912 11.582 100.500 13.092
202003 11.996 100.300 13.587
202006 11.549 99.900 13.133
202009 11.491 99.900 13.067
202012 11.412 99.300 13.055
202103 11.525 99.900 13.106
202106 11.435 99.500 13.055
202109 11.956 100.100 13.568
202112 11.836 100.100 13.432
202203 11.966 101.100 13.445
202206 11.603 101.800 12.948
202209 12.026 103.100 13.251
202212 11.871 104.100 12.954
202303 11.812 104.400 12.853
202306 10.919 105.200 11.791
202309 11.219 106.200 12.001
202312 11.204 106.800 11.917
202403 11.123 107.200 11.787
202406 10.707 108.200 11.241
202409 11.379 108.900 11.870
202412 11.222 110.700 11.516
202503 11.541 111.100 11.801
202506 10.909 111.700 11.095
202509 11.029 112.000 11.187
202512 10.549 113.000 10.605
202603 11.008 112.700 11.096
202606 11.014 113.600 11.014

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 Fanuc (HAM:FUC) Overvalued in 2026?

Based on GuruFocus' analysis, Fanuc stock appears to be overvalued. The current stock price of €32.68 is trading 19% above its estimated GF Value™ of €27.47. GuruFocus considers Fanuc to be Modestly Overvalued.

Key valuation signals for HAM:FUC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €27.47 vs. price of €32.68 (19% above fair value)
  • GF Score™: 86/100 with 1 warning sign

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


Fanuc Business Description

Address 3580 Furubaba, Oshino Village, Minamitsuru District, Yamanashi, JPN, 401-0597
Fanuc's primary products include industrial robots, computerized numerical control systems (CNC), and compact machining centers (Robodrills) globally. The company had its beginnings as part of Fujitsu developing early numerical control systems and commands the top global market share with its CNC systems and industrial robots.
86GF Score

Get the complete analysis for HAM:FUC

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

€32.68
Price
€27.47
GF Value