ORIX (IX) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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.

IX ORIX Corp IX
61 GF Score
Price $40.09
GF Value $27.79
Valuation Significantly Overvalued
! 6 Warning Signs
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What is ORIX Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ORIX  (NYSE:IX) 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.


ORIX Cyclically Adjusted PB Ratio Related Terms


ORIX Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ORIX'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.

ORIX Cyclically Adjusted PB Ratio Chart

ORIX 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 1.23 0.99 1.36 1.14 1.57

ORIX 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 1.18 1.38 1.57 1.57 2.04

IX vs FRHC, VOYA: Cyclically Adjusted PB Ratio Comparison

For the Financial Conglomerates subindustry, ORIX'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.


ORIX Cyclically Adjusted PB Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ORIX's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


IX
61GF Score
ORIX Corp IX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ORIX 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.

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

For example, ORIX'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)
=26.716/113.6000*113.6000
=26.716

Current CPI (Jun. 2026) = 113.6000.

ORIX Quarterly Data

Book Value per Share CPI Adj_Book
201609 17.754 98.000 20.580
201612 16.074 98.400 18.557
201703 17.049 98.100 19.743
201706 17.800 98.500 20.529
201709 18.422 98.800 21.182
201712 18.434 99.400 21.067
201803 19.761 99.200 22.630
201806 19.225 99.200 22.016
201809 19.543 99.900 22.223
201812 19.591 99.700 22.322
201903 20.365 99.700 23.204
201906 20.842 99.800 23.724
201909 21.489 100.100 24.387
201912 21.636 100.500 24.456
202003 22.164 100.300 25.103
202006 21.867 99.900 24.866
202009 22.617 99.900 25.719
202012 23.154 99.300 26.488
202103 22.887 99.900 26.026
202106 22.795 99.500 26.025
202109 23.505 100.100 26.675
202112 23.135 100.100 26.255
202203 23.047 101.100 25.897
202206 20.678 101.800 23.075
202209 19.799 103.100 21.815
202212 20.619 104.100 22.501
202303 22.653 104.400 24.649
202306 22.102 105.200 23.867
202309 21.965 106.200 23.496
202312 22.484 106.800 23.916
202403 22.847 107.200 24.211
202406 22.472 108.200 23.594
202409 23.914 108.900 24.946
202412 23.383 110.700 23.996
202503 24.147 111.100 24.690
202506 25.419 111.700 25.851
202509 26.935 112.000 27.320
202512 26.569 113.000 26.710
202603 25.713 112.700 25.918
202606 26.716 113.600 26.716

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 ORIX (IX) Overvalued in 2026?

Based on GuruFocus' analysis, ORIX stock appears to be overvalued. The current stock price of $40.09 is trading 44.3% above its estimated GF Value™ of $27.79. GuruFocus considers ORIX to be Significantly Overvalued.

Key valuation signals for IX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $27.79 vs. price of $40.09 (44.3% above fair value)
  • GF Score™: 61/100 with 6 warning signs

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


ORIX Business Description

Address 2-4-1 Hamamatsu-cho, World Trade Center Building, South Tower, Minato-ku, Tokyo, JPN, 105-5135
ORIX Corp is a diversified financial services company with operations in Corporate Financial Services, Maintenance Leasing, Real Estate, PE Investment and Concession, Environment and Energy, Insurance, Banking and Credit, Aircraft and Ships, ORIX USA, ORIX Europe, Asia, and Australia and engages in various other fee businesses by providing products and services aligned with customer needs to its core customer base of domestic small and medium-sized enterprises. Orix's numerous divisions finance leases of large-ticket items like ships, airplanes, and technology equipment. The company generates the majority of its revenue from Corporate Financial Services and Maintenance Leasing operations and Real Estate operations.
61GF Score

Get the complete analysis for IX

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

$40.09
Price
$27.79
GF Value