Mitsubishi Materials (STU:MUJ) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

STU:MUJ Mitsubishi Materials Corp STU:MUJ
72 GF Score
Price €23.00
GF Value €16.48
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Mitsubishi Materials Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsubishi Materials  (STU:MUJ) 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.


STU:MUJ
72GF Score
Mitsubishi Materials Corp STU:MUJ
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 Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Mitsubishi Materials'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)
=30.706/112.7000*112.7000
=30.706

Current CPI (Mar. 2026) = 112.7000.

Mitsubishi Materials Quarterly Data

Book Value per Share CPI Adj_Book
201606 34.771 98.100 39.946
201609 36.934 98.000 42.474
201612 36.954 98.400 42.324
201703 39.276 98.100 45.121
201706 38.208 98.500 43.716
201709 36.918 98.800 42.112
201712 40.266 99.400 45.654
201803 39.853 99.200 45.277
201806 40.360 99.200 45.853
201809 39.462 99.900 44.518
201812 38.794 99.700 43.852
201903 38.526 99.700 43.549
201906 38.382 99.800 43.343
201909 39.834 100.100 44.848
201912 40.002 100.500 44.858
202003 32.532 100.300 36.554
202006 31.394 99.900 35.416
202009 29.027 99.900 32.746
202012 30.617 99.300 34.749
202103 32.249 99.900 36.381
202106 32.721 99.500 37.062
202109 33.576 100.100 37.802
202112 34.974 100.100 39.376
202203 34.279 101.100 38.212
202206 32.542 101.800 36.026
202209 33.166 103.100 36.254
202212 30.920 104.100 33.474
202303 31.737 104.400 34.260
202306 30.353 105.200 32.517
202309 30.325 106.200 32.181
202312 30.573 106.800 32.262
202403 30.727 107.200 32.303
202406 30.550 108.200 31.821
202409 31.854 108.900 32.966
202412 32.800 110.700 33.393
202503 32.166 111.100 32.629
202506 30.298 111.700 30.569
202509 29.757 112.000 29.943
202512 30.054 113.000 29.974
202603 30.706 112.700 30.706

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 Mitsubishi Materials (STU:MUJ) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Materials stock appears to be overvalued. The current stock price of €23.00 is trading 39.6% above its estimated GF Value™ of €16.48. GuruFocus considers Mitsubishi Materials to be Significantly Overvalued.

Key valuation signals for STU:MUJ:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €16.48 vs. price of €23.00 (39.6% above fair value)
  • GF Score™: 72/100 with 6 warning signs

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


Mitsubishi Materials Business Description

Other Exchanges MIMTF:USA5711:Japan
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.
72GF Score

Get the complete analysis for STU:MUJ

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

€23.00
Price
€16.48
GF Value