Mitsubishi Chemical Group (HAM:M3C) Cyclically Adjusted PB Ratio: 1.07 (As of Aug. 10, 2026) — Near 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.

HAM:M3C Mitsubishi Chemical Group Corp HAM:M3C
56 GF Score
Price €6.54
GF Value €4.44
! 11 Warning Signs
View Full Analysis

What is Mitsubishi Chemical Group Cyclically Adjusted PB Ratio?

Mitsubishi Chemical Group HAM:M3C +2.73% 56 Cyclically Adjusted PB Ratio is 1.07 as of Aug. 10, 2026, which is 4% above its 10-year median of 1.03. GuruFocus rates HAM:M3C with a GF Score™ of 56/100 and a GF Value™ of €4.44. The stock has 11 warning signs investors should review. Among 1,227 Chemicals companies, Mitsubishi Chemical Group ranks better than 66.34% on this metric.

As of today (2026-08-10), Mitsubishi Chemical Group's current share price is €6.538. Mitsubishi Chemical Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €6.13. Mitsubishi Chemical Group's Cyclically Adjusted PB Ratio for today is 1.07.

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

HAM:M3C' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 1.03   Max: 2.11
Current: 1.09

During the past years, Mitsubishi Chemical Group's highest Cyclically Adjusted PB Ratio was 2.11. The lowest was 0.62. And the median was 1.03.

HAM:M3C's Cyclically Adjusted PB Ratio is ranked better than
66.34% of 1227 companies
in the Chemicals industry
Industry Median: 1.67 vs HAM:M3C: 1.09

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.

Mitsubishi Chemical Group's adjusted book value per share data for the three months ended in Jun. 2026 was €7.239. 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 €6.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsubishi Chemical Group  (HAM:M3C) 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.


Mitsubishi Chemical Group Cyclically Adjusted PB Ratio Related Terms


Mitsubishi Chemical Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mitsubishi Chemical Group'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.

Mitsubishi Chemical Group Cyclically Adjusted PB Ratio Chart

Mitsubishi Chemical Group 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 1.04 0.91 0.98 0.71 0.82

Mitsubishi Chemical Group 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 0.72 0.80 0.84 0.82 1.01

HAM:M3C vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Mitsubishi Chemical Group'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.


Mitsubishi Chemical Group Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mitsubishi Chemical Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HAM:M3C
56GF Score
Mitsubishi Chemical Group Corp HAM:M3C
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsubishi Chemical Group 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.

Mitsubishi Chemical Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.538/6.13
=1.07

* 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.

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

For example, Mitsubishi Chemical Group'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)
=7.239/113.6000*113.6000
=7.239

Current CPI (Jun. 2026) = 113.6000.

Mitsubishi Chemical Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.932 98.000 6.876
201612 6.039 98.400 6.972
201703 6.279 98.100 7.271
201706 6.330 98.500 7.300
201709 6.364 98.800 7.317
201712 6.639 99.400 7.587
201803 6.831 99.200 7.823
201806 7.161 99.200 8.201
201809 7.527 99.900 8.559
201812 7.557 99.700 8.611
201903 7.727 99.700 8.804
201906 7.806 99.800 8.885
201909 8.207 100.100 9.314
201912 8.087 100.500 9.141
202003 6.927 100.300 7.846
202006 6.775 99.900 7.704
202009 6.353 99.900 7.224
202012 6.318 99.300 7.228
202103 6.726 99.900 7.648
202106 6.893 99.500 7.870
202109 7.171 100.100 8.138
202112 7.378 100.100 8.373
202203 7.857 101.100 8.828
202206 7.736 101.800 8.633
202209 8.081 103.100 8.904
202212 7.362 104.100 8.034
202303 7.688 104.400 8.365
202306 7.690 105.200 8.304
202309 7.679 106.200 8.214
202312 7.621 106.800 8.106
202403 7.612 107.200 8.066
202406 7.688 108.200 8.072
202409 7.701 108.900 8.033
202412 7.887 110.700 8.094
202503 7.590 111.100 7.761
202506 7.458 111.700 7.585
202509 7.653 112.000 7.762
202512 7.460 113.000 7.500
202603 7.069 112.700 7.125
202606 7.239 113.600 7.239

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 1.07 mean?
Mitsubishi Chemical Group (HAM:M3C) has a Cyclically Adjusted PB Ratio of 1.07 as of Aug. 10, 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 Mitsubishi Chemical Group and its competitors. This is near median its historical median of 1.03. Over the past decade, Mitsubishi Chemical Group's Cyclically Adjusted PB Ratio has ranged from 0.62 to 2.11. According to the industry distribution chart, Mitsubishi Chemical Group ranks #413 out of 1227 companies in the Chemicals industry, placing it in the top 33.7%.
Is Mitsubishi Chemical Group's Cyclically Adjusted PB Ratio too high?
Mitsubishi Chemical Group's current Cyclically Adjusted PB Ratio of 1.07 is near median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 2.11. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Mitsubishi Chemical Group's value of 1.07 is 35.9% below this industry median. Based on the distribution chart, Mitsubishi Chemical Group ranks #413 out of 1227 companies in the Chemicals industry, which is above the industry midpoint. Overall, Mitsubishi Chemical Group has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Chemical Group's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Mitsubishi Chemical Group ranks #413 out of 1227 companies for Cyclically Adjusted PB Ratio. This puts Mitsubishi Chemical Group in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Mitsubishi Chemical Group's value of 1.07 is 35.9% below this benchmark. Historically, Mitsubishi Chemical Group's own Cyclically Adjusted PB Ratio has ranged from 0.62 to 2.11 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 1.67, Mitsubishi Chemical Group 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,227 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. Mitsubishi Chemical Group's current Cyclically Adjusted PB Ratio of 1.07 is 35.9% 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 Mitsubishi Chemical Group and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Chemical Group's current Cyclically Adjusted PB Ratio is 1.07, which is near median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Chemical Group stock overvalued right now?
Mitsubishi Chemical Group (HAM:M3C) has a current Cyclically Adjusted PB Ratio of 1.07. The stock's GF Value™ is €4.44, compared to a current price of €6.54 — trading 47.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.07, which is near median its 10-year median of 1.03 and 35.9% below the Chemicals industry median of 1.67. Mitsubishi Chemical Group's overall GF Score™ is 56/100 with 11 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 Mitsubishi Chemical Group (HAM:M3C), the current Cyclically Adjusted PB Ratio is 1.07 as of Aug. 10, 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 Mitsubishi Chemical Group (HAM:M3C) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Chemical Group stock appears to be overvalued. The current stock price of €6.54 is trading 47.3% above its estimated GF Value™ of €4.44.

Key valuation signals for HAM:M3C:

  • Cyclically Adjusted PB Ratio: 1.07 (near median its 10-year median of 1.03)
  • GF Value™: €4.44 vs. price of €6.54 (47.3% above fair value)
  • GF Score™: 56/100 with 11 warning signs
  • Industry Position: 35.9% below the Chemicals median (#413 of 1227)

No single metric tells the full story. See the HAM:M3C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsubishi Chemical Group Business Description

Address 1-1-1 Marunouchi, Palace Building, Chiyoda-ku, Tokyo, JPN, 100-8251
Mitsubishi Chemical Group Corp is a holding company which manufactures and sells chemicals, plastics, and pharmaceuticals. It organizes itself into five segments. The Basic Materials & Polymers segment covers petrochemical substrates, polyolefins, basic chemicals, sustainable polymers, engineering plastics, and carbon. The Industrial Gas segment focuses on industrial gases. The MMA & Derivatives segment includes MMA, PMMA, coatings, additives, and fine chemicals. The Pharmacy segment is engaged in medicines, and the Specialty Materials segment handles advanced films and polymers, advanced solutions, and advanced composites. The Others segment includes businesses such as engineering, transportation, and warehousing. It generates the majority of its revenue from the Industrial gas segment.
56GF Score

Get the complete analysis for HAM:M3C

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

€6.54
Price
€4.44
GF Value