Fujimi (NGO:5384) 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.
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.

NGO:5384 Fujimi Inc NGO:5384
97 GF Score
Price 円2,100.00
GF Value 円2,213.28
! 2 Warning Signs
View Full Analysis

What is Fujimi Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fujimi  (NGO:5384) 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.


Fujimi Cyclically Adjusted PB Ratio Related Terms


Fujimi Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fujimi'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.

Fujimi Cyclically Adjusted PB Ratio Chart

Fujimi 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 1.85 1.71 4.01 2.49 2.32

Fujimi 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 2.49 2.46 2.41 2.38 2.33

NGO:5384 vs LRCX, AMAT, KLAC: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Fujimi'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.


Fujimi Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Fujimi's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NGO:5384
97GF Score
Fujimi Inc NGO:5384
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fujimi 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.

Fujimi's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Fujimi'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)
=1158.93/113.6000*113.6000
=1,158.930

Current CPI (Jun. 2026) = 113.6000.

Fujimi Quarterly Data

Book Value per Share CPI Adj_Book
201609 593.640 98.000 688.138
201612 618.185 98.400 713.677
201703 624.301 98.100 722.942
201706 627.168 98.500 723.313
201709 641.007 98.800 737.028
201712 650.392 99.400 743.305
201803 647.071 99.200 741.001
201806 652.894 99.200 747.669
201809 671.220 99.900 763.269
201812 669.977 99.700 763.384
201903 679.310 99.700 774.018
201906 671.022 99.800 763.809
201909 687.277 100.100 779.967
201912 695.094 100.500 785.698
202003 702.240 100.300 795.359
202006 709.846 99.900 807.192
202009 725.763 99.900 825.292
202012 730.766 99.300 836.002
202103 756.278 99.900 859.992
202106 766.596 99.500 875.229
202109 803.850 100.100 912.261
202112 813.748 100.100 923.494
202203 848.983 101.100 953.951
202206 876.570 101.800 978.176
202209 925.087 103.100 1,019.301
202212 899.880 104.100 982.002
202303 930.248 104.400 1,012.224
202306 937.433 105.200 1,012.285
202309 962.776 106.200 1,029.862
202312 938.148 106.800 997.880
202403 978.333 107.200 1,036.741
202406 988.066 108.200 1,037.378
202409 993.202 108.900 1,036.067
202412 1,026.080 110.700 1,052.960
202503 1,036.554 111.100 1,059.879
202506 1,036.379 111.700 1,054.008
202509 1,082.104 112.000 1,097.563
202512 1,105.546 113.000 1,111.416
202603 1,141.969 112.700 1,151.089
202606 1,158.930 113.600 1,158.930

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 Fujimi (NGO:5384) Overvalued in 2026?

Based on GuruFocus' analysis, Fujimi stock appears to be undervalued. The current stock price of 円2,100.00 is trading 5.1% below its estimated GF Value™ of 円2,213.28.

Key valuation signals for NGO:5384:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円2,213.28 vs. price of 円2,100.00 (5.1% below fair value)
  • GF Score™: 97/100 with 2 warning signs

No single metric tells the full story. See the NGO:5384 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujimi Business Description

Other Exchanges 5384:Japan
Address 1-1, Chiryo-2, Nishibiwajima-cho, Kiyosu, Kiyosu, JPN, 452-8502
Fujimi Inc is a Japan-based company engaged in the manufacture and sale of synthetic precision abrasives materials. The company offers abrasives for silicon wafers and other semiconductor substrates, chemical mechanical planarization products which are required for multilayered circuits on semiconductor chips, and abrasives for computer hard disks. In addition, it also provides various materials that are used in electronic components, and thermal spray material related to the engine, and many more. The company operates in four geographical regions, including Japan, North America, Asia, and Europe.
97GF Score

Get the complete analysis for NGO:5384

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

円2,100.00
Price
円2,213.28
GF Value