Kandenko Co (STU:5EY) Cyclically Adjusted PB Ratio: 2.70 (As of Sep. 22, 2026) — 145% Above Median

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STU:5EY Kandenko Co Ltd STU:5EY
64 GF Score
Price €29.80
GF Value €16.03
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Kandenko Co Cyclically Adjusted PB Ratio?

Kandenko Co STU:5EY -2.60% 64 Cyclically Adjusted PB Ratio is 2.70 as of Sep. 22, 2026, which is 145% above its 10-year median of 1.10. GuruFocus rates STU:5EY with a GF Score™ of 64/100 and a GF Value™ of €16.03 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,239 Construction companies, Kandenko Co ranks worse than 84.75% on this metric.

As of today (2026-09-22), Kandenko Co's current share price is €29.80. Kandenko Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €11.05. Kandenko Co's Cyclically Adjusted PB Ratio for today is 2.70.

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

STU:5EY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.1   Max: 4.78
Current: 3.67

During the past years, Kandenko Co's highest Cyclically Adjusted PB Ratio was 4.78. The lowest was 0.72. And the median was 1.10.

STU:5EY's Cyclically Adjusted PB Ratio is ranked worse than
84.75% of 1239 companies
in the Construction industry
Industry Median: 1.14 vs STU:5EY: 3.67

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.

Kandenko Co's adjusted book value per share data for the three months ended in Jun. 2026 was €10.846. 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 €11.05 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kandenko Co  (STU:5EY) 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.


Kandenko Co Cyclically Adjusted PB Ratio Related Terms


Kandenko Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kandenko 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.

Kandenko Co Cyclically Adjusted PB Ratio Chart

Kandenko 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 - - 1.03 1.52 2.80

Kandenko Co 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 1.82 2.18 2.48 2.85 3.22

STU:5EY vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Kandenko 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.


Kandenko Co Cyclically Adjusted PB Ratio vs Construction Industry

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

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


STU:5EY
64GF Score
Kandenko Co Ltd STU:5EY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kandenko 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.

Kandenko Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.80/11.05
=2.70

* 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.

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

For example, Kandenko Co'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)
=10.846/113.6000*113.6000
=10.846

Current CPI (Jun. 2026) = 113.6000.

Kandenko Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.730 98.000 10.120
201612 8.240 98.400 9.513
201703 8.764 98.100 10.149
201706 8.313 98.500 9.587
201709 8.171 98.800 9.395
201712 8.137 99.400 9.299
201803 8.639 99.200 9.893
201806 8.855 99.200 10.140
201809 8.885 99.900 10.103
201812 9.242 99.700 10.531
201903 9.689 99.700 11.040
201906 9.824 99.800 11.182
201909 10.515 100.100 11.933
201912 10.270 100.500 11.609
202003 10.573 100.300 11.975
202006 10.479 99.900 11.916
202009 10.413 99.900 11.841
202012 10.343 99.300 11.832
202103 10.535 99.900 11.980
202106 10.454 99.500 11.935
202109 10.852 100.100 12.316
202112 10.700 100.100 12.143
202203 10.638 101.100 11.953
202206 10.185 101.800 11.366
202209 10.357 103.100 11.412
202212 10.491 104.100 11.448
202303 10.439 104.400 11.359
202306 9.747 105.200 10.525
202309 9.975 106.200 10.670
202312 10.336 106.800 10.994
202403 10.351 107.200 10.969
202406 9.844 108.200 10.335
202409 10.925 108.900 11.397
202412 10.943 110.700 11.230
202503 11.538 111.100 11.798
202506 11.160 111.700 11.350
202509 11.440 112.000 11.603
202512 11.032 113.000 11.091
202603 11.121 112.700 11.210
202606 10.846 113.600 10.846

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 2.70 mean?
Kandenko Co (STU:5EY) has a Cyclically Adjusted PB Ratio of 2.70 as of Sep. 22, 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 Kandenko Co and its competitors. This is 145% above median its historical median of 1.10. Over the past decade, Kandenko Co's Cyclically Adjusted PB Ratio has ranged from 0.72 to 4.78. According to the industry distribution chart, Kandenko Co ranks #1050 out of 1239 companies in the Construction industry, placing it in the top 84.7%.
Is Kandenko Co's Cyclically Adjusted PB Ratio too high?
Kandenko Co's current Cyclically Adjusted PB Ratio of 2.70 is 145% above median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 4.78. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Kandenko Co's value of 2.70 is 136.8% above this industry median. Based on the distribution chart, Kandenko Co ranks #1050 out of 1239 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Kandenko Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kandenko Co's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Kandenko Co ranks #1050 out of 1239 companies for Cyclically Adjusted PB Ratio. This places Kandenko Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Kandenko Co's value of 2.70 is 136.8% above this benchmark. Historically, Kandenko Co's own Cyclically Adjusted PB Ratio has ranged from 0.72 to 4.78 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 1.14, Kandenko 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 1.14, based on 1,239 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. Kandenko Co's current Cyclically Adjusted PB Ratio of 2.70 is 136.8% 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 Kandenko Co and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kandenko Co's current Cyclically Adjusted PB Ratio is 2.70, which is 145% above median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kandenko Co stock overvalued right now?
Based on GuruFocus' analysis, Kandenko Co (STU:5EY) is currently considered Significantly Overvalued. The stock's GF Value™ is €16.03, compared to a current price of €29.80 — trading 85.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.70, which is 145% above median its 10-year median of 1.10 and 136.8% above the Construction industry median of 1.14. Kandenko Co's overall GF Score™ is 64/100 with 1 warning sign 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 Kandenko Co (STU:5EY), the current Cyclically Adjusted PB Ratio is 2.70 as of Sep. 22, 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 Kandenko Co (STU:5EY) Overvalued in 2026?

Based on GuruFocus' analysis, Kandenko Co stock appears to be overvalued. The current stock price of €29.80 is trading 85.9% above its estimated GF Value™ of €16.03. GuruFocus considers Kandenko Co to be Significantly Overvalued.

Key valuation signals for STU:5EY:

  • Cyclically Adjusted PB Ratio: 2.70 (145% above median its 10-year median of 1.10)
  • GF Value™: €16.03 vs. price of €29.80 (85.9% above fair value)
  • GF Score™: 64/100 with 1 warning sign
  • Industry Position: 136.8% above the Construction median (#1050 of 1239)

No single metric tells the full story. See the STU:5EY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kandenko Co Business Description

Other Exchanges 1942:Japan
Address 4-8-33, Shibaura, Minato-ku, Tokyo, JPN, 108-8533
Kandenko Co Ltd is a Japanese engineering and construction company specializing in electrical, mechanical, and telecommunications infrastructure. Its core business is facility installation, covering electrical wiring, plumbing, HVAC, and information and communication systems for buildings, factories, data centers, and social infrastructure such as power transmission and renewable energy facilities. The company also sells electrical equipment, leases and rents real estate and equipment, and operates electricity generation and sales. Customers include utilities, telecommunications carriers, manufacturers, and public-sector organizations. Kandenko is headquartered in Tokyo and operates primarily in Japan, with overseas subsidiaries and affiliates in other Asian markets including Singapore, Malaysia, Thailand, Vietnam, and Taiwan. Revenue is derived mainly from construction and installation contracts, supplemented by equipment sales, leasing, and power sales.
64GF Score

Get the complete analysis for STU:5EY

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

€29.80
Price
€16.03
GF Value