Tokio Marine Holdings (MEX:8766N) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

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MEX:8766N Tokio Marine Holdings Inc MEX:8766N
47 GF Score
Price MXN806.49
GF Value MXN642.78
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Tokio Marine Holdings Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokio Marine Holdings  (MEX:8766N) 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.


Tokio Marine Holdings Cyclically Adjusted PB Ratio Related Terms


Tokio Marine Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tokio Marine Holdings'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.

Tokio Marine Holdings Cyclically Adjusted PB Ratio Chart

Tokio Marine Holdings 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 1.53 1.50 2.52 2.77 3.27

Tokio Marine Holdings 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 2.77 2.90 2.94 2.67 3.27

MEX:8766N vs CB, PGR, TRV: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Property & Casualty subindustry, Tokio Marine Holdings'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.


Tokio Marine Holdings Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Tokio Marine Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:8766N
47GF Score
Tokio Marine Holdings Inc MEX:8766N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokio Marine Holdings 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.

Tokio Marine Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tokio Marine Holdings'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)
=481.268/112.7000*112.7000
=481.268

Current CPI (Mar. 2026) = 112.7000.

Tokio Marine Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 263.760 98.100 303.015
201609 278.546 98.000 320.328
201612 265.133 98.400 303.664
201703 262.645 98.100 301.734
201706 259.055 98.500 296.401
201709 268.471 98.800 306.242
201712 304.506 99.400 345.250
201803 299.743 99.200 340.535
201806 302.423 99.200 343.579
201809 285.087 99.900 321.615
201812 283.074 99.700 319.984
201903 294.500 99.700 332.900
201906 307.172 99.800 346.877
201909 318.132 100.100 358.177
201912 308.833 100.500 346.323
202003 351.043 100.300 394.442
202006 342.058 99.900 385.885
202009 344.991 99.900 389.194
202012 325.162 99.300 369.041
202103 331.505 99.900 373.980
202106 339.383 99.500 384.407
202109 370.515 100.100 417.153
202112 353.363 100.100 397.842
202203 332.031 101.100 370.128
202206 282.799 101.800 313.079
202209 257.782 103.100 281.785
202212 268.806 104.100 291.013
202303 242.756 104.400 262.056
202306 243.042 105.200 260.369
202309 256.504 106.200 272.203
202312 264.348 106.800 278.951
202403 421.797 107.200 443.438
202406 308.321 108.200 321.144
202409 378.614 108.900 391.826
202412 346.582 110.700 352.844
202503 505.721 111.100 513.004
202506 336.274 111.700 339.285
202509 327.117 112.000 329.161
202512 323.350 113.000 322.492
202603 481.268 112.700 481.268

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 Tokio Marine Holdings (MEX:8766N) Overvalued in 2026?

Based on GuruFocus' analysis, Tokio Marine Holdings stock appears to be overvalued. The current stock price of MXN806.49 is trading 25.5% above its estimated GF Value™ of MXN642.78. GuruFocus considers Tokio Marine Holdings to be Modestly Overvalued.

Key valuation signals for MEX:8766N:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN642.78 vs. price of MXN806.49 (25.5% above fair value)
  • GF Score™: 47/100 with 5 warning signs

No single metric tells the full story. See the MEX:8766N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokio Marine Holdings Business Description

Address 2-6-4 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004
Dating back to 1879, Tokio Marine is the oldest insurance company in Japan and operated as its top property and casualty insurer for decades. Following industry consolidation, it now shares domestic dominance with MS and AD and Sompo. However, Tokio Marine remains by far the most valuable listed Japanese insurer by market capitalization. This premium valuation is driven by an aggressive unwinding of domestic cross-shareholdings and a highly profitable overseas portfolio. The majority of its international business is based in the United States, where it has acquired premium specialty insurers since 2008, including Philadelphia Consolidated, Delphi Financial, Tokio Marine HCC, and Privilege Underwriters Reciprocal Exchange, recently fortified by a capital alliance with Berkshire Hathaway.
47GF Score

Get the complete analysis for MEX:8766N

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

MXN806.49
Price
MXN642.78
GF Value