MIMTF (Mitsubishi Materials) Cyclically Adjusted PB Ratio: 0.99 (As of Jul. 16, 2026) — 68% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

MIMTF Mitsubishi Materials Corp MIMTF
65 GF Score
Price $25.03
GF Value $17.62
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Mitsubishi Materials Cyclically Adjusted PB Ratio?

Mitsubishi Materials MIMTF 65 Cyclically Adjusted PB Ratio is 0.99 as of Jul. 16, 2026, which is 68% above its 10-year median of 0.59. GuruFocus rates MIMTF with a GF Score™ of 65/100 and a GF Value™ of $17.62 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,545 Metals & Mining companies, Mitsubishi Materials ranks better than 64.27% on this metric.

As of today (2026-07-16), Mitsubishi Materials's current share price is $25.025. Mitsubishi Materials's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $25.32. Mitsubishi Materials's Cyclically Adjusted PB Ratio for today is 0.99.

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

MIMTF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.59   Max: 1.25
Current: 0.79

During the past years, Mitsubishi Materials's highest Cyclically Adjusted PB Ratio was 1.25. The lowest was 0.43. And the median was 0.59.

MIMTF's Cyclically Adjusted PB Ratio is ranked better than
64.27% of 1545 companies
in the Metals & Mining industry
Industry Median: 1.44 vs MIMTF: 0.79

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.

Mitsubishi Materials's adjusted book value per share data for the three months ended in Dec. 2025 was $35.192. 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 $25.32 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsubishi Materials  (OTCPK:MIMTF) 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.


Mitsubishi Materials Cyclically Adjusted PB Ratio Related Terms


Mitsubishi Materials Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mitsubishi Materials'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.

Mitsubishi Materials Cyclically Adjusted PB Ratio Chart

Mitsubishi Materials 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 0.50 0.47 0.61 0.48 0.00

Mitsubishi Materials 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 0.48 0.45 0.54 0.71 0.00

Mitsubishi Materials Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Mitsubishi Materials'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.


Mitsubishi Materials Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mitsubishi Materials's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MIMTF
65GF Score
Mitsubishi Materials Corp MIMTF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsubishi Materials 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.

Mitsubishi Materials's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.025/25.32
=0.99

* 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.

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

For example, Mitsubishi Materials'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)
=35.192/113.0000*113.0000
=35.192

Current CPI (Dec. 2025) = 113.0000.

Mitsubishi Materials Quarterly Data

Book Value per Share CPI Adj_Book
201603 37.530 97.900 43.319
201606 39.068 98.100 45.002
201609 41.452 98.000 47.797
201612 38.982 98.400 44.766
201703 42.007 98.100 48.387
201706 42.930 98.500 49.250
201709 44.002 98.800 50.326
201712 47.652 99.400 54.172
201803 49.141 99.200 55.977
201806 47.150 99.200 53.709
201809 46.047 99.900 52.085
201812 44.135 99.700 50.023
201903 43.532 99.700 49.339
201906 43.370 99.800 49.106
201909 43.870 100.100 49.524
201912 44.447 100.500 49.975
202003 35.947 100.300 40.499
202006 35.353 99.900 39.989
202009 34.190 99.900 38.673
202012 37.247 99.300 42.386
202103 38.392 99.900 43.426
202106 39.423 99.500 44.772
202109 39.501 100.100 44.592
202112 39.519 100.100 44.612
202203 37.752 101.100 42.196
202206 34.399 101.800 38.184
202209 32.838 103.100 35.991
202212 32.754 104.100 35.554
202303 33.980 104.400 36.779
202306 32.885 105.200 35.323
202309 32.364 106.200 34.436
202312 33.341 106.800 35.277
202403 33.399 107.200 35.206
202406 32.884 108.200 34.343
202409 35.354 108.900 36.685
202412 34.346 110.700 35.060
202503 34.774 111.100 35.369
202506 34.946 111.700 35.353
202509 34.926 112.000 35.238
202512 35.192 113.000 35.192

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 0.99 mean?
Mitsubishi Materials (MIMTF) has a Cyclically Adjusted PB Ratio of 0.99 as of Jul. 16, 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 Mitsubishi Materials and its competitors. This is 68% above median its historical median of 0.59. Over the past decade, Mitsubishi Materials' Cyclically Adjusted PB Ratio has ranged from 0.43 to 1.25. According to the industry distribution chart, Mitsubishi Materials ranks #552 out of 1545 companies in the Metals & Mining industry, placing it in the top 35.7%.
Is Mitsubishi Materials' Cyclically Adjusted PB Ratio too high?
Mitsubishi Materials' current Cyclically Adjusted PB Ratio of 0.99 is 68% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.25. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.44. Mitsubishi Materials' value of 0.99 is 31.3% below this industry median. Based on the distribution chart, Mitsubishi Materials ranks #552 out of 1545 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Mitsubishi Materials has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Materials' Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Mitsubishi Materials ranks #552 out of 1545 companies for Cyclically Adjusted PB Ratio. This puts Mitsubishi Materials in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.44. Mitsubishi Materials' value of 0.99 is 31.3% below this benchmark. Historically, Mitsubishi Materials' own Cyclically Adjusted PB Ratio has ranged from 0.43 to 1.25 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 1.44, Mitsubishi Materials has consistently been below 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.44, based on 1,545 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. Mitsubishi Materials's current Cyclically Adjusted PB Ratio of 0.99 is 31.3% below 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 Mitsubishi Materials and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Materials's current Cyclically Adjusted PB Ratio is 0.99, which is 68% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Materials stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Materials (MIMTF) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.62, compared to a current price of $25.03 — trading 42% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.99, which is 68% above median its 10-year median of 0.59 and 31.3% below the Metals & Mining industry median of 1.44. Mitsubishi Materials' overall GF Score™ is 65/100 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 Mitsubishi Materials (MIMTF), the current Cyclically Adjusted PB Ratio is 0.99 as of Jul. 16, 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 Mitsubishi Materials (MIMTF) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Materials stock appears to be overvalued. The current stock price of $25.03 is trading 42% above its estimated GF Value™ of $17.62. GuruFocus considers Mitsubishi Materials to be Significantly Overvalued.

Key valuation signals for MIMTF:

  • Cyclically Adjusted PB Ratio: 0.99 (68% above median its 10-year median of 0.59)
  • GF Value™: $17.62 vs. price of $25.03 (42% above fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 31.3% below the Metals & Mining median (#552 of 1545)

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


Mitsubishi Materials Business Description

Other Exchanges 5711:JapanMUJ:Germany
Address 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, JPN, 100-8117
Mitsubishi Materials Corp is a Japan-based company engaged in the production of processed copper products, electronic materials, and cemented carbide products, as well as the smelting and sale of metals such as copper, gold, silver, and palladium. The company operates through four segments. The Highly Functional Products segment includes processed copper products and electronic materials. The Metal segment is engaged in the smelting and refining of non-ferrous metals, including copper, gold, silver, lead, tin, and palladium, as well as the recycling of home appliances. The Processing segment covers carbide products, while the Renewable Energy segment focuses on renewable energy operations. The Other segment includes cement-related and engineering-related businesses.
65GF Score

Get the complete analysis for MIMTF

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

$25.03
Price
$17.62
GF Value