JPSWY (The Japan Steel Works) Cyclically Adjusted PB Ratio: 3.39 (As of Aug. 04, 2026) — 111% Above Median

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JPSWY The Japan Steel Works Ltd JPSWY
82 GF Score
Price $24.00
GF Value $20.61
Valuation Modestly Overvalued
! 2 Warning Signs
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What is The Japan Steel Works Cyclically Adjusted PB Ratio?

The Japan Steel Works JPSWY 82 Cyclically Adjusted PB Ratio is 3.39 as of Aug. 04, 2026, which is 111% above its 10-year median of 1.61. GuruFocus rates JPSWY with a GF Score™ of 82/100 and a GF Value™ of $20.61 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,261 Industrial Products companies, The Japan Steel Works ranks worse than 69.62% on this metric.

As of today (2026-08-04), The Japan Steel Works's current share price is $24.00. The Japan Steel Works's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $7.08. The Japan Steel Works's Cyclically Adjusted PB Ratio for today is 3.39.

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

JPSWY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.61   Max: 4.86
Current: 3.58

During the past years, The Japan Steel Works's highest Cyclically Adjusted PB Ratio was 4.86. The lowest was 0.55. And the median was 1.61.

JPSWY's Cyclically Adjusted PB Ratio is ranked worse than
69.62% of 2261 companies
in the Industrial Products industry
Industry Median: 2.07 vs JPSWY: 3.58

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.

The Japan Steel Works's adjusted book value per share data for the three months ended in Mar. 2026 was $9.093. 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 $7.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Japan Steel Works  (OTCPK:JPSWY) 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.


The Japan Steel Works Cyclically Adjusted PB Ratio Related Terms


The Japan Steel Works Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Japan Steel Works'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.

The Japan Steel Works Cyclically Adjusted PB Ratio Chart

The Japan Steel Works 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 2.11 1.32 1.74 2.54 3.86

The Japan Steel Works 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 2.54 3.96 4.27 3.58 3.86

JPSWY vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, The Japan Steel Works'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.


The Japan Steel Works Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


JPSWY
82GF Score
The Japan Steel Works Ltd JPSWY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Japan Steel Works 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.

The Japan Steel Works's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.00/7.08
=3.39

* 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.

The Japan Steel Works's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, The Japan Steel Works'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)
=9.093/112.7000*112.7000
=9.093

Current CPI (Mar. 2026) = 112.7000.

The Japan Steel Works Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.090 98.100 8.145
201609 7.564 98.000 8.699
201612 6.829 98.400 7.821
201703 6.405 98.100 7.358
201706 6.711 98.500 7.678
201709 7.063 98.800 8.057
201712 7.265 99.400 8.237
201803 7.508 99.200 8.530
201806 7.467 99.200 8.483
201809 7.699 99.900 8.685
201812 7.615 99.700 8.608
201903 7.859 99.700 8.884
201906 8.389 99.800 9.473
201909 8.448 100.100 9.511
201912 8.348 100.500 9.361
202003 8.261 100.300 9.282
202006 8.247 99.900 9.304
202009 8.576 99.900 9.675
202012 8.936 99.300 10.142
202103 8.780 99.900 9.905
202106 8.766 99.500 9.929
202109 8.921 100.100 10.044
202112 8.604 100.100 9.687
202203 8.565 101.100 9.548
202206 7.497 101.800 8.300
202209 7.088 103.100 7.748
202212 7.548 104.100 8.172
202303 8.088 104.400 8.731
202306 7.686 105.200 8.234
202309 7.501 106.200 7.960
202312 7.844 106.800 8.277
202403 8.026 107.200 8.438
202406 0.000 108.200 0.000
202409 8.601 108.900 8.901
202412 8.202 110.700 8.350
202503 8.806 111.100 8.933
202506 9.118 111.700 9.200
202509 9.262 112.000 9.320
202512 8.866 113.000 8.842
202603 9.093 112.700 9.093

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 3.39 mean?
The Japan Steel Works (JPSWY) has a Cyclically Adjusted PB Ratio of 3.39 as of Aug. 04, 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 The Japan Steel Works and its competitors. This is 111% above median its historical median of 1.61. Over the past decade, The Japan Steel Works' Cyclically Adjusted PB Ratio has ranged from 0.55 to 4.86. According to the industry distribution chart, The Japan Steel Works ranks #1574 out of 2261 companies in the Industrial Products industry, placing it in the top 69.6%.
Is The Japan Steel Works' Cyclically Adjusted PB Ratio too high?
The Japan Steel Works' current Cyclically Adjusted PB Ratio of 3.39 is 111% above median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 4.86. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. The Japan Steel Works' value of 3.39 is 63.8% above this industry median. Based on the distribution chart, The Japan Steel Works ranks #1574 out of 2261 companies in the Industrial Products industry, which is below the industry midpoint. Overall, The Japan Steel Works has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Japan Steel Works' Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, The Japan Steel Works ranks #1574 out of 2261 companies for Cyclically Adjusted PB Ratio. This places The Japan Steel Works in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. The Japan Steel Works' value of 3.39 is 63.8% above this benchmark. Historically, The Japan Steel Works' own Cyclically Adjusted PB Ratio has ranged from 0.55 to 4.86 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 2.07, The Japan Steel Works 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.07, based on 2,261 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. The Japan Steel Works's current Cyclically Adjusted PB Ratio of 3.39 is 63.8% 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 The Japan Steel Works and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Japan Steel Works's current Cyclically Adjusted PB Ratio is 3.39, which is 111% above median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Japan Steel Works stock overvalued right now?
Based on GuruFocus' analysis, The Japan Steel Works (JPSWY) is currently considered Modestly Overvalued. The stock's GF Value™ is $20.61, compared to a current price of $24.00 — trading 16.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.39, which is 111% above median its 10-year median of 1.61 and 63.8% above the Industrial Products industry median of 2.07. The Japan Steel Works' overall GF Score™ is 82/100 with 2 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 The Japan Steel Works (JPSWY), the current Cyclically Adjusted PB Ratio is 3.39 as of Aug. 04, 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 The Japan Steel Works (JPSWY) Overvalued in 2026?

Based on GuruFocus' analysis, The Japan Steel Works stock appears to be overvalued. The current stock price of $24.00 is trading 16.4% above its estimated GF Value™ of $20.61. GuruFocus considers The Japan Steel Works to be Modestly Overvalued.

Key valuation signals for JPSWY:

  • Cyclically Adjusted PB Ratio: 3.39 (111% above median its 10-year median of 1.61)
  • GF Value™: $20.61 vs. price of $24.00 (16.4% above fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 63.8% above the Industrial Products median (#1574 of 2261)

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


The Japan Steel Works Business Description

Other Exchanges 5631:JapanJ9R:Germany
Address 1-11-1 Osaki, Gate City Osaki-West Tower, Shinagawa-ku, Tokyo, JPN, 141-0032
The Japan Steel Works Ltd provides industrial machinery as well as materials and engineering solutions in Japan and internationally. The company operates through two segments. The Industrial Machinery segment provides resin manufacturing and processing machinery, molding machines, defense-related equipment, and other industrial machinery. The Materials and Engineering segment covers raw material products and engineering operations. The Other segment includes the film deposition business, crystal business, and related activities. It generates the majority of its revenue from the Industrial machinery business segment.
82GF Score

Get the complete analysis for JPSWY

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

$24.00
Price
$20.61
GF Value