JPSWY (The Japan Steel Works) 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.
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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.

JPSWY The Japan Steel Works Ltd JPSWY
77 GF Score
Price $23.40
GF Value $20.27
Valuation Modestly Overvalued
! 2 Warning Signs
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What is The Japan Steel Works Cyclically Adjusted PB Ratio?

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 1.67 1.09 1.32 2.17 3.06

The Japan Steel Works 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 3.32 4.36 2.81 3.09 2.65

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
77GF Score
The Japan Steel Works Ltd JPSWY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, The Japan Steel Works'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)
=8.997/113.6000*113.6000
=8.997

Current CPI (Jun. 2026) = 113.6000.

The Japan Steel Works Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.691 98.000 8.915
201612 6.872 98.400 7.934
201703 6.569 98.100 7.607
201706 6.707 98.500 7.735
201709 7.035 98.800 8.089
201712 7.376 99.400 8.430
201803 7.587 99.200 8.688
201806 7.498 99.200 8.586
201809 7.677 99.900 8.730
201812 7.874 99.700 8.972
201903 7.979 99.700 9.091
201906 8.515 99.800 9.692
201909 8.513 100.100 9.661
201912 8.484 100.500 9.590
202003 8.346 100.300 9.453
202006 8.325 99.900 9.467
202009 8.687 99.900 9.878
202012 9.091 99.300 10.400
202103 8.734 99.900 9.932
202106 8.789 99.500 10.034
202109 8.902 100.100 10.103
202112 8.598 100.100 9.758
202203 8.460 101.100 9.506
202206 7.472 101.800 8.338
202209 7.093 103.100 7.815
202212 7.803 104.100 8.515
202303 8.201 104.400 8.924
202306 7.586 105.200 8.192
202309 7.502 106.200 8.025
202312 8.087 106.800 8.602
202403 8.018 107.200 8.497
202406 7.628 108.200 8.009
202409 8.680 108.900 9.055
202412 8.105 110.700 8.317
202503 8.863 111.100 9.062
202506 9.180 111.700 9.336
202509 9.333 112.000 9.466
202512 8.878 113.000 8.925
202603 9.130 112.700 9.203
202606 8.997 113.600 8.997

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 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 $23.40 is trading 15.4% above its estimated GF Value™ of $20.27. GuruFocus considers The Japan Steel Works to be Modestly Overvalued.

Key valuation signals for JPSWY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $20.27 vs. price of $23.40 (15.4% above fair value)
  • GF Score™: 77/100 with 2 warning signs

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.
77GF 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.

$23.40
Price
$20.27
GF Value