Aichi (NGO:6345) Cyclically Adjusted PB Ratio: (As of Jul. 30, 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.
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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:6345 Aichi Corp NGO:6345
74 GF Score
Price 円1,390.00
GF Value 円1,527.97
! 2 Warning Signs
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What is Aichi Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aichi  (NGO:6345) 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.


Aichi Cyclically Adjusted PB Ratio Related Terms


Aichi Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aichi'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.

Aichi Cyclically Adjusted PB Ratio Chart

Aichi 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 1.16 0.96 1.21 1.30 1.28

Aichi 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 1.38 1.38 1.35 1.28 0.00

NGO:6345 vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Aichi'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.


Aichi Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Aichi's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NGO:6345
74GF Score
Aichi Corp NGO:6345
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Aichi 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.

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

For example, Aichi'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)
=1154.578/113.6000*113.6000
=1,154.578

Current CPI (Jun. 2026) = 113.6000.

Aichi Quarterly Data

Book Value per Share CPI Adj_Book
201609 685.936 98.000 795.126
201612 711.234 98.400 821.099
201703 720.172 98.100 833.961
201706 725.516 98.500 836.737
201709 754.068 98.800 867.026
201712 763.202 99.400 872.231
201803 785.178 99.200 899.155
201806 786.582 99.200 900.763
201809 809.087 99.900 920.043
201812 804.942 99.700 917.166
201903 840.643 99.700 957.844
201906 843.832 99.800 960.514
201909 859.220 100.100 975.099
201912 863.977 100.500 976.595
202003 875.297 100.300 991.363
202006 882.331 99.900 1,003.331
202009 911.947 99.900 1,037.009
202012 918.977 99.300 1,051.317
202103 959.758 99.900 1,091.376
202106 945.999 99.500 1,080.055
202109 973.578 100.100 1,104.880
202112 979.501 100.100 1,111.602
202203 1,006.043 101.100 1,130.430
202206 997.236 101.800 1,112.829
202209 1,015.382 103.100 1,118.791
202212 1,002.225 104.100 1,093.686
202303 1,061.420 104.400 1,154.955
202306 1,065.881 105.200 1,150.989
202309 1,081.140 106.200 1,156.474
202312 1,061.819 106.800 1,129.425
202403 1,096.956 107.200 1,162.446
202406 1,093.409 108.200 1,147.978
202409 1,101.487 108.900 1,149.026
202412 1,102.585 110.700 1,131.469
202503 1,126.926 111.100 1,152.284
202506 1,074.752 111.700 1,093.033
202509 1,106.111 112.000 1,121.913
202512 1,110.696 113.000 1,116.594
202603 1,167.896 112.700 1,177.223
202606 1,154.578 113.600 1,154.578

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 Aichi (NGO:6345) Overvalued in 2026?

Based on GuruFocus' analysis, Aichi stock appears to be undervalued. The current stock price of 円1,390.00 is trading 9% below its estimated GF Value™ of 円1,527.97.

Key valuation signals for NGO:6345:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円1,527.97 vs. price of 円1,390.00 (9% below fair value)
  • GF Score™: 74/100 with 2 warning signs

No single metric tells the full story. See the NGO:6345 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aichi Business Description

Other Exchanges 6345:Japan
Address 1152-10 Ryoke, Saitama, Ageo-shi, JPN, 362-8550
Aichi Corp is a Japan-based engaged in the manufacturing and selling of vehicles for electric utilities and telecommunications, and other vehicles for construction, cargo handling, shipbuilding, and railroad industries. The company's main products include Aerial work platforms, digger derricks, vehicles for the electric utilities, telecommunications, construction, shipbuilding and rail industries, and other specialized vehicles.
74GF Score

Get the complete analysis for NGO:6345

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

円1,390.00
Price
円1,527.97
GF Value