JAIRF (Japan Airport Terminal Co) Cyclically Adjusted PB Ratio: 2.72 (As of Jul. 24, 2026) — 14% Below Median

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JAIRF Japan Airport Terminal Co Ltd JAIRF
76 GF Score
Price $29.62
GF Value $34.07
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Japan Airport Terminal Co Cyclically Adjusted PB Ratio?

Japan Airport Terminal Co JAIRF -11.09% 76 Cyclically Adjusted PB Ratio is 2.72 as of Jul. 24, 2026, which is 14% below its 10-year median of 3.17. GuruFocus rates JAIRF with a GF Score™ of 76/100 and a GF Value™ of $34.07 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 738 Transportation companies, Japan Airport Terminal Co ranks worse than 78.86% on this metric.

As of today (2026-07-24), Japan Airport Terminal Co's current share price is $29.62. Japan Airport Terminal Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $10.89. Japan Airport Terminal Co's Cyclically Adjusted PB Ratio for today is 2.72.

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

JAIRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.95   Med: 3.17   Max: 4.4
Current: 2.72

During the past years, Japan Airport Terminal Co's highest Cyclically Adjusted PB Ratio was 4.40. The lowest was 1.95. And the median was 3.17.

JAIRF's Cyclically Adjusted PB Ratio is ranked worse than
78.86% of 738 companies
in the Transportation industry
Industry Median: 1.265 vs JAIRF: 2.72

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.

Japan Airport Terminal Co's adjusted book value per share data for the three months ended in Mar. 2026 was $14.278. 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 $10.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Airport Terminal Co  (OTCPK:JAIRF) 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.


Japan Airport Terminal Co Cyclically Adjusted PB Ratio Related Terms


Japan Airport Terminal Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Japan Airport Terminal 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.

Japan Airport Terminal Co Cyclically Adjusted PB Ratio Chart

Japan Airport Terminal 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 3.45 3.88 3.32 2.18 2.62

Japan Airport Terminal 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 2.18 2.41 2.45 2.24 2.62

JAIRF vs JOBY, CAAP: Cyclically Adjusted PB Ratio Comparison

For the Airports & Air Services subindustry, Japan Airport Terminal 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.


Japan Airport Terminal Co Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Japan Airport Terminal Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Japan Airport Terminal Co's Cyclically Adjusted PB Ratio falls into.


JAIRF
76GF Score
Japan Airport Terminal Co Ltd JAIRF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Airport Terminal 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.

Japan Airport Terminal Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.62/10.89
=2.72

* 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.

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

For example, Japan Airport Terminal 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)
=14.278/112.7000*112.7000
=14.278

Current CPI (Mar. 2026) = 112.7000.

Japan Airport Terminal Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.631 98.100 15.660
201609 14.409 98.000 16.570
201612 12.912 98.400 14.788
201703 13.390 98.100 15.383
201706 13.835 98.500 15.829
201709 14.269 98.800 16.276
201712 14.273 99.400 16.183
201803 15.482 99.200 17.589
201806 17.605 99.200 20.001
201809 17.712 99.900 19.981
201812 17.735 99.700 20.047
201903 18.099 99.700 20.459
201906 18.724 99.800 21.144
201909 19.161 100.100 21.573
201912 18.997 100.500 21.303
202003 18.593 100.300 20.892
202006 17.363 99.900 19.588
202009 15.878 99.900 17.912
202012 15.426 99.300 17.508
202103 17.579 99.900 19.831
202106 16.701 99.500 18.917
202109 16.042 100.100 18.061
202112 15.064 100.100 16.960
202203 13.960 101.100 15.562
202206 12.067 101.800 13.359
202209 11.266 103.100 12.315
202212 12.045 104.100 13.040
202303 12.072 104.400 13.032
202306 11.618 105.200 12.446
202309 11.458 106.200 12.159
202312 12.018 106.800 12.682
202403 12.052 107.200 12.670
202406 11.567 108.200 12.048
202409 13.150 108.900 13.609
202412 12.483 110.700 12.709
202503 13.546 111.100 13.741
202506 14.100 111.700 14.226
202509 14.345 112.000 14.435
202512 13.924 113.000 13.887
202603 14.278 112.700 14.278

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 2.72 mean?
Japan Airport Terminal Co (JAIRF) has a Cyclically Adjusted PB Ratio of 2.72 as of Jul. 24, 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 Japan Airport Terminal Co and its competitors. This is 14% below median its historical median of 3.17. Over the past decade, Japan Airport Terminal Co's Cyclically Adjusted PB Ratio has ranged from 1.95 to 4.40. According to the industry distribution chart, Japan Airport Terminal Co ranks #582 out of 738 companies in the Transportation industry, placing it in the top 78.9%.
Is Japan Airport Terminal Co's Cyclically Adjusted PB Ratio too high?
Japan Airport Terminal Co's current Cyclically Adjusted PB Ratio of 2.72 is 14% below median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 4.40. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Japan Airport Terminal Co's value of 2.72 is 115% above this industry median. Based on the distribution chart, Japan Airport Terminal Co ranks #582 out of 738 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Japan Airport Terminal Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Japan Airport Terminal Co's Cyclically Adjusted PB Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Japan Airport Terminal Co ranks #582 out of 738 companies for Cyclically Adjusted PB Ratio. This places Japan Airport Terminal Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Japan Airport Terminal Co's value of 2.72 is 115% above this benchmark. Historically, Japan Airport Terminal Co's own Cyclically Adjusted PB Ratio has ranged from 1.95 to 4.40 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 1.27, Japan Airport Terminal Co has consistently been above 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 738 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. Japan Airport Terminal Co's current Cyclically Adjusted PB Ratio of 2.72 is 115% above 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 Japan Airport Terminal Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Airport Terminal Co's current Cyclically Adjusted PB Ratio is 2.72, which is 14% below median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Airport Terminal Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Airport Terminal Co (JAIRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $34.07, compared to a current price of $29.62 — trading 13.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.72, which is 14% below median its 10-year median of 3.17 and 115% above the Transportation industry median of 1.27. Japan Airport Terminal Co's overall GF Score™ is 76/100 with 6 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 Japan Airport Terminal Co (JAIRF), the current Cyclically Adjusted PB Ratio is 2.72 as of Jul. 24, 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 Japan Airport Terminal Co (JAIRF) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Airport Terminal Co stock appears to be undervalued. The current stock price of $29.62 is trading 13.1% below its estimated GF Value™ of $34.07. GuruFocus considers Japan Airport Terminal Co to be Modestly Undervalued.

Key valuation signals for JAIRF:

  • Cyclically Adjusted PB Ratio: 2.72 (14% below median its 10-year median of 3.17)
  • GF Value™: $34.07 vs. price of $29.62 (13.1% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 115% above the Transportation median (#582 of 738)

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


Japan Airport Terminal Co Business Description

Address 3-3-2 Haneda Airport, Terminal 1, Ota-ku, Tokyo, JPN, 144-0041
Japan Airport Terminal Co Ltd is a Japanese airport operations company. It is engaged in the management and operation of passenger terminals and the provision of related services at airports, mainly Haneda and Narita. The company has three reportable segments: Facility Management and Operation, Merchandise Sales, and Food and Beverage. The Facility Management and Operation segment provides leasing, maintenance, repairs, and terminal operations; the Merchandise Sales segment sells and wholesales products to air passengers and terminal-building companies; and the Food and Beverage segment operates airport and in-flight food services. The company focuses on improving passenger experience and operational resilience through service quality and facility upgrades.
76GF Score

Get the complete analysis for JAIRF

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

$29.62
Price
$34.07
GF Value