Kawasaki Setsubi Kogyo Co (NGO:1777) Cyclically Adjusted PB Ratio: 2.72 (As of Aug. 13, 2026) — 178% Above Median

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NGO:1777 Kawasaki Setsubi Kogyo Co Ltd NGO:1777
78 GF Score
Price 円2,333.00
GF Value 円1,393.87
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Kawasaki Setsubi Kogyo Co Cyclically Adjusted PB Ratio?

Kawasaki Setsubi Kogyo Co NGO:1777 +0.13% 78 Cyclically Adjusted PB Ratio is 2.72 as of Aug. 13, 2026, which is 178% above its 10-year median of 0.98. GuruFocus rates NGO:1777 with a GF Score™ of 78/100 and a GF Value™ of 円1,393.87 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,337 Construction companies, Kawasaki Setsubi Kogyo Co ranks worse than 76.81% on this metric.

As of today (2026-08-13), Kawasaki Setsubi Kogyo Co's current share price is 円2333.00. Kawasaki Setsubi Kogyo Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円857.22. Kawasaki Setsubi Kogyo Co's Cyclically Adjusted PB Ratio for today is 2.72.

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

NGO:1777' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 0.98   Max: 2.73
Current: 2.73

During the past years, Kawasaki Setsubi Kogyo Co's highest Cyclically Adjusted PB Ratio was 2.73. The lowest was 0.69. And the median was 0.98.

NGO:1777's Cyclically Adjusted PB Ratio is ranked worse than
76.81% of 1337 companies
in the Construction industry
Industry Median: 1.16 vs NGO:1777: 2.73

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.

Kawasaki Setsubi Kogyo Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,371.030. 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 円857.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kawasaki Setsubi Kogyo Co  (NGO:1777) 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.


Kawasaki Setsubi Kogyo Co Cyclically Adjusted PB Ratio Related Terms


Kawasaki Setsubi Kogyo Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kawasaki Setsubi Kogyo 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.

Kawasaki Setsubi Kogyo Co Cyclically Adjusted PB Ratio Chart

Kawasaki Setsubi Kogyo Co 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 0.73 0.82 0.93 1.24 2.68

Kawasaki Setsubi Kogyo Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 1.24 1.84 3.03 2.77 2.68

NGO:1777 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Kawasaki Setsubi Kogyo 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.


Kawasaki Setsubi Kogyo Co Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Kawasaki Setsubi Kogyo Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NGO:1777
78GF Score
Kawasaki Setsubi Kogyo Co Ltd NGO:1777
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kawasaki Setsubi Kogyo 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.

Kawasaki Setsubi Kogyo Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2333.00/857.22
=2.72

* 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.

Kawasaki Setsubi Kogyo Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Kawasaki Setsubi Kogyo Co'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)
=1371.03/112.7000*112.7000
=1,371.030

Current CPI (Mar. 2026) = 112.7000.

Kawasaki Setsubi Kogyo Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 410.047 98.100 471.073
201603 429.257 97.900 494.150
201606 426.760 98.100 490.274
201609 443.581 98.000 510.118
201612 462.097 98.400 529.251
201703 514.304 98.100 590.847
201706 527.122 98.500 603.113
201709 561.270 98.800 640.234
201712 588.704 99.400 667.474
201803 603.037 99.200 685.104
201806 597.389 99.200 678.687
201809 620.423 99.900 699.917
201812 643.822 99.700 727.771
201903 683.354 99.700 772.457
201906 696.155 99.800 786.139
201909 731.555 100.100 823.639
201912 738.548 100.500 828.203
202003 761.835 100.300 856.020
202006 756.502 99.900 853.431
202009 781.822 99.900 881.995
202012 784.102 99.300 889.912
202103 815.446 99.900 919.928
202106 834.002 99.500 944.643
202109 848.044 100.100 954.791
202112 857.907 100.100 965.895
202203 871.782 101.100 971.808
202206 866.851 101.800 959.667
202209 883.985 103.100 966.296
202212 892.009 104.100 965.700
202303 915.329 104.400 988.099
202306 909.228 105.200 974.049
202309 919.759 106.200 976.053
202312 938.984 106.800 990.857
202403 972.083 107.200 1,021.957
202409 989.301 108.900 1,023.822
202503 1,114.594 111.100 1,130.646
202506 1,160.870 111.700 1,171.263
202509 1,221.832 112.000 1,229.468
202512 1,286.610 113.000 1,283.194
202603 1,371.030 112.700 1,371.030

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 2.72 mean?
Kawasaki Setsubi Kogyo Co (NGO:1777) has a Cyclically Adjusted PB Ratio of 2.72 as of Aug. 13, 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 Kawasaki Setsubi Kogyo Co and its competitors. This is 178% above median its historical median of 0.98. Over the past decade, Kawasaki Setsubi Kogyo Co's Cyclically Adjusted PB Ratio has ranged from 0.69 to 2.73. According to the industry distribution chart, Kawasaki Setsubi Kogyo Co ranks #1027 out of 1337 companies in the Construction industry, placing it in the top 76.8%.
Is Kawasaki Setsubi Kogyo Co's Cyclically Adjusted PB Ratio too high?
Kawasaki Setsubi Kogyo Co's current Cyclically Adjusted PB Ratio of 2.72 is 178% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 2.73. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Kawasaki Setsubi Kogyo Co's value of 2.72 is 134.5% above this industry median. Based on the distribution chart, Kawasaki Setsubi Kogyo Co ranks #1027 out of 1337 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Kawasaki Setsubi Kogyo Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kawasaki Setsubi Kogyo Co's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Kawasaki Setsubi Kogyo Co ranks #1027 out of 1337 companies for Cyclically Adjusted PB Ratio. This places Kawasaki Setsubi Kogyo Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Kawasaki Setsubi Kogyo Co's value of 2.72 is 134.5% above this benchmark. Historically, Kawasaki Setsubi Kogyo Co's own Cyclically Adjusted PB Ratio has ranged from 0.69 to 2.73 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 1.16, Kawasaki Setsubi Kogyo 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,337 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. Kawasaki Setsubi Kogyo Co's current Cyclically Adjusted PB Ratio of 2.72 is 134.5% 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 Kawasaki Setsubi Kogyo Co and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kawasaki Setsubi Kogyo Co's current Cyclically Adjusted PB Ratio is 2.72, which is 178% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawasaki Setsubi Kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Kawasaki Setsubi Kogyo Co (NGO:1777) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,393.87, compared to a current price of 円2,333.00 — trading 67.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.72, which is 178% above median its 10-year median of 0.98 and 134.5% above the Construction industry median of 1.16. Kawasaki Setsubi Kogyo Co's overall GF Score™ is 78/100 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 Kawasaki Setsubi Kogyo Co (NGO:1777), the current Cyclically Adjusted PB Ratio is 2.72 as of Aug. 13, 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 Kawasaki Setsubi Kogyo Co (NGO:1777) Overvalued in 2026?

Based on GuruFocus' analysis, Kawasaki Setsubi Kogyo Co stock appears to be overvalued. The current stock price of 円2,333.00 is trading 67.4% above its estimated GF Value™ of 円1,393.87. GuruFocus considers Kawasaki Setsubi Kogyo Co to be Significantly Overvalued.

Key valuation signals for NGO:1777:

  • Cyclically Adjusted PB Ratio: 2.72 (178% above median its 10-year median of 0.98)
  • GF Value™: 円1,393.87 vs. price of 円2,333.00 (67.4% above fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 134.5% above the Construction median (#1027 of 1337)

No single metric tells the full story. See the NGO:1777 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kawasaki Setsubi Kogyo Co Business Description

Address 1-6-47 Osu, Naka-ku, Aichi, Nagoya-shi, JPN
Kawasaki Setsubi Kogyo Co Ltd is a Japan-based design and construction company. The company designs and constructs air conditioning, water supply, and drainage sanitary equipment and electrical works, and develops comprehensive strategies for each region. The company also provides maintenance services. The company's segment includes Eastern, Central, and Western. The company generates the majority of its revenue from Central.
78GF Score

Get the complete analysis for NGO:1777

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

円2,333.00
Price
円1,393.87
GF Value