MECGF (MEC Co) Cyclically Adjusted PB Ratio: 8.59 (As of Aug. 09, 2026) — 143% Above Median

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MECGF MEC Co Ltd MECGF
77 GF Score
Price $47.16
GF Value $25.24
Valuation Significantly Overvalued
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What is MEC Co Cyclically Adjusted PB Ratio?

MEC Co MECGF 77 Cyclically Adjusted PB Ratio is 8.59 as of Aug. 09, 2026, which is 143% above its 10-year median of 3.53. GuruFocus rates MECGF with a GF Score™ of 77/100 and a GF Value™ of $25.24 (Significantly Overvalued). Among 1,227 Chemicals companies, MEC Co ranks worse than 91.85% on this metric.

As of today (2026-08-09), MEC Co's current share price is $47.16. MEC Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $5.49. MEC Co's Cyclically Adjusted PB Ratio for today is 8.59.

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

MECGF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.76   Med: 3.53   Max: 10.12
Current: 7.9

During the past years, MEC Co's highest Cyclically Adjusted PB Ratio was 10.12. The lowest was 1.76. And the median was 3.53.

MECGF's Cyclically Adjusted PB Ratio is ranked worse than
91.85% of 1227 companies
in the Chemicals industry
Industry Median: 1.67 vs MECGF: 7.90

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.

MEC Co's adjusted book value per share data for the three months ended in Dec. 2025 was $10.703. 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 $5.49 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


MEC Co  (OTCPK:MECGF) 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.


MEC Co Cyclically Adjusted PB Ratio Related Terms


MEC Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MEC 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.

MEC Co Cyclically Adjusted PB Ratio Chart

MEC Co Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.75 2.59 4.88 3.45 4.55

MEC 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 2.21 2.54 3.53 4.55 0.00

MECGF vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, MEC 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.


MEC Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


MECGF
77GF Score
MEC Co Ltd MECGF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MEC 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.

MEC Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.16/5.49
=8.59

* 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.

MEC Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, MEC Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=10.703/113.0000*113.0000
=10.703

Current CPI (Dec. 2025) = 113.0000.

MEC Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 5.600 97.900 6.464
201606 5.947 98.100 6.850
201609 6.161 98.000 7.104
201612 5.616 98.400 6.449
201703 6.056 98.100 6.976
201706 6.264 98.500 7.186
201709 6.567 98.800 7.511
201712 6.737 99.400 7.659
201803 7.138 99.200 8.131
201806 7.090 99.200 8.076
201809 7.152 99.900 8.090
201812 7.125 99.700 8.075
201903 7.177 99.700 8.134
201906 7.354 99.800 8.327
201909 7.507 100.100 8.474
201912 7.772 100.500 8.739
202003 7.799 100.300 8.787
202006 8.104 99.900 9.167
202009 8.379 99.900 9.478
202012 8.869 99.300 10.093
202103 8.876 99.900 10.040
202106 9.198 99.500 10.446
202109 9.466 100.100 10.686
202112 9.688 100.100 10.937
202203 9.609 101.100 10.740
202206 8.960 101.800 9.946
202209 8.486 103.100 9.301
202212 9.094 104.100 9.871
202303 9.108 104.400 9.858
202306 9.011 105.200 9.679
202309 8.749 106.200 9.309
202312 9.190 106.800 9.724
202403 9.035 107.200 9.524
202406 9.111 108.200 9.515
202409 9.862 108.900 10.233
202412 9.339 110.700 9.533
202503 9.390 111.100 9.551
202506 10.291 111.700 10.411
202509 10.486 112.000 10.580
202512 10.703 113.000 10.703

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 8.59 mean?
MEC Co (MECGF) has a Cyclically Adjusted PB Ratio of 8.59 as of Aug. 09, 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 MEC Co and its competitors. This is 143% above median its historical median of 3.53. Over the past decade, MEC Co's Cyclically Adjusted PB Ratio has ranged from 1.76 to 10.12. According to the industry distribution chart, MEC Co ranks #1127 out of 1227 companies in the Chemicals industry, placing it in the top 91.9%.
Is MEC Co's Cyclically Adjusted PB Ratio too high?
MEC Co's current Cyclically Adjusted PB Ratio of 8.59 is 143% above median its 10-year median of 3.53. Over the past 10 years, this metric has ranged from a low of 1.76 to a high of 10.12. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. MEC Co's value of 8.59 is 414.4% above this industry median. Based on the distribution chart, MEC Co ranks #1127 out of 1227 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, MEC Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MEC Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, MEC Co ranks #1127 out of 1227 companies for Cyclically Adjusted PB Ratio. This places MEC Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. MEC Co's value of 8.59 is 414.4% above this benchmark. Historically, MEC Co's own Cyclically Adjusted PB Ratio has ranged from 1.76 to 10.12 over the past decade. While the company's 10-year median is 3.53 vs. the industry median of 1.67, MEC 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 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. MEC Co's current Cyclically Adjusted PB Ratio of 8.59 is 414.4% 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 MEC Co 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. MEC Co's current Cyclically Adjusted PB Ratio is 8.59, which is 143% above median its own 10-year median of 3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MEC Co stock overvalued right now?
Based on GuruFocus' analysis, MEC Co (MECGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.24, compared to a current price of $47.16 — trading 86.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.59, which is 143% above median its 10-year median of 3.53 and 414.4% above the Chemicals industry median of 1.67. MEC Co's overall GF Score™ is 77/100. 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 MEC Co (MECGF), the current Cyclically Adjusted PB Ratio is 8.59 as of Aug. 09, 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 MEC Co (MECGF) Overvalued in 2026?

Based on GuruFocus' analysis, MEC Co stock appears to be overvalued. The current stock price of $47.16 is trading 86.8% above its estimated GF Value™ of $25.24. GuruFocus considers MEC Co to be Significantly Overvalued.

Key valuation signals for MECGF:

  • Cyclically Adjusted PB Ratio: 8.59 (143% above median its 10-year median of 3.53)
  • GF Value™: $25.24 vs. price of $47.16 (86.8% above fair value)
  • GF Score™: 77/100
  • Industry Position: 414.4% above the Chemicals median (#1127 of 1227)

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


MEC Co Business Description

Other Exchanges 4971:Japan
Address 3-4-1, Kuise Minamishimmachi, Hyogo Prefecture, Amagasaki, JPN, 660-0822
MEC Co Ltd is a Japan-based chemical manufacturer. The company manufacture and sale of chemicals for electronic circuit boards and electronic components, as well as the sale of machinery and materials for electronic circuit boards. Its products are used in automobile, smartphone, and computer. Its products used in Chemicals for electronic substrates and AMALPHA : Resin-to-metal bonding technology from MEC.
77GF Score

Get the complete analysis for MECGF

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

$47.16
Price
$25.24
GF Value