Tadano (STU:TN0) Cyclically Adjusted PB Ratio: (As of Aug. 16, 2026)

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

STU:TN0 Tadano Ltd STU:TN0
79 GF Score
Price €6.20
GF Value €6.32
! 6 Warning Signs
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What is Tadano Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tadano  (STU:TN0) 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.


Tadano Cyclically Adjusted PB Ratio Related Terms


Tadano Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tadano'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.

Tadano Cyclically Adjusted PB Ratio Chart

Tadano Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.20 0.97 0.96 0.86 0.76

Tadano 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 0.71 0.76 0.76 0.93 0.89

STU:TN0 vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison

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


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

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

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


STU:TN0
79GF Score
Tadano Ltd STU:TN0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tadano 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.

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

For example, Tadano'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)
=9.289/113.6000*113.6000
=9.289

Current CPI (Jun. 2026) = 113.6000.

Tadano Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.334 98.000 10.820
201612 8.844 98.400 10.210
201703 9.289 98.100 10.757
201706 8.989 98.500 10.367
201709 8.785 98.800 10.101
201712 8.700 99.400 9.943
201803 9.026 99.200 10.336
201806 9.112 99.200 10.435
201809 9.081 99.900 10.326
201812 9.271 99.700 10.564
201903 9.682 99.700 11.032
201906 9.847 99.800 11.209
201909 10.408 100.100 11.812
201912 10.069 100.500 11.381
202003 10.434 100.300 11.818
202006 10.060 99.900 11.440
202009 9.635 99.900 10.956
202012 9.252 99.300 10.584
202103 8.786 99.900 9.991
202106 9.278 99.500 10.593
202109 9.569 100.100 10.860
202112 9.570 100.100 10.861
202203 9.611 101.100 10.799
202206 9.358 101.800 10.443
202209 9.388 103.100 10.344
202212 9.230 104.100 10.072
202303 9.279 104.400 10.097
202306 9.023 105.200 9.743
202309 8.868 106.200 9.486
202312 9.084 106.800 9.662
202403 8.891 107.200 9.422
202406 8.779 108.200 9.217
202409 9.327 108.900 9.730
202412 9.219 110.700 9.461
202503 9.170 111.100 9.376
202506 8.869 111.700 9.020
202509 8.974 112.000 9.102
202512 8.924 113.000 8.971
202603 8.882 112.700 8.953
202606 9.289 113.600 9.289

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 Tadano (STU:TN0) Overvalued in 2026?

Based on GuruFocus' analysis, Tadano stock appears to be undervalued. The current stock price of €6.20 is trading 1.9% below its estimated GF Value™ of €6.32.

Key valuation signals for STU:TN0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €6.32 vs. price of €6.20 (1.9% below fair value)
  • GF Score™: 79/100 with 6 warning signs

No single metric tells the full story. See the STU:TN0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tadano Business Description

Other Exchanges 6395:Japan
Address 34 Kou, Nittacho, Kagawa Prefecture, Takamatsu City1, JPN, 761-0185
Tadano Ltd manufactures cranes, aerial work platforms, and other components. Mobile cranes account for majority of sales, but the company has diversified into truck cranes, loader cranes, and other special purpose vehicles. Its equipment is built for various terrains with multiple steering and acceleration controls. Tadano has four reportable segments: Japan (majority of total revenue), Europe, Americas and Oceania. Its research and development division looks to utilize innovative and cutting-edge technologies for both domestic and overseas markets. The company offers used equipment and various cylinders to help meet urgent demand. A wide range of experienced and trained technicians help customize components for the operating machines.
79GF Score

Get the complete analysis for STU:TN0

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

€6.20
Price
€6.32
GF Value