TBNAF (Tachibana Eletech Co) Cyclically Adjusted PB Ratio: 0.84 (As of Aug. 29, 2026) — Near Median

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.

TBNAF Tachibana Eletech Co Ltd TBNAF
85 GF Score
Price $20.20
GF Value $16.19
! 4 Warning Signs
View Full Analysis

What is Tachibana Eletech Co Cyclically Adjusted PB Ratio?

Tachibana Eletech Co TBNAF 85 Cyclically Adjusted PB Ratio is 0.84 as of Aug. 29, 2026, which is at its 10-year median of 0.84. GuruFocus rates TBNAF with a GF Score™ of 85/100 and a GF Value™ of $16.19. The stock has 4 warning signs investors should review. Among 1,931 Hardware companies, Tachibana Eletech Co ranks better than 66.29% on this metric.

As of today (2026-08-29), Tachibana Eletech Co's current share price is $20.20. Tachibana Eletech Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $24.05. Tachibana Eletech Co's Cyclically Adjusted PB Ratio for today is 0.84.

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

TBNAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 0.84   Max: 1.26
Current: 1.17

During the past years, Tachibana Eletech Co's highest Cyclically Adjusted PB Ratio was 1.26. The lowest was 0.61. And the median was 0.84.

TBNAF's Cyclically Adjusted PB Ratio is ranked better than
66.29% of 1931 companies
in the Hardware industry
Industry Median: 2.05 vs TBNAF: 1.17

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.

Tachibana Eletech Co's adjusted book value per share data for the three months ended in Mar. 2026 was $30.101. 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 $24.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tachibana Eletech Co  (OTCPK:TBNAF) 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.


Tachibana Eletech Co Cyclically Adjusted PB Ratio Related Terms


Tachibana Eletech Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tachibana Eletech 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.

Tachibana Eletech Co Cyclically Adjusted PB Ratio Chart

Tachibana Eletech 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 0.69 0.76 1.12 0.76 0.84

Tachibana Eletech 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 0.83 0.89 0.92 0.84 0.00

TBNAF vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Tachibana Eletech 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.


Tachibana Eletech Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Tachibana Eletech Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TBNAF
85GF Score
Tachibana Eletech Co Ltd TBNAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tachibana Eletech 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.20/24.05
=0.84

* 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.

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

For example, Tachibana Eletech Co'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)
=30.101/112.7000*112.7000
=30.101

Current CPI (Mar. 2026) = 112.7000.

Tachibana Eletech Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.260 98.100 23.275
201609 21.261 98.000 24.450
201612 19.329 98.400 22.138
201703 20.910 98.100 24.022
201706 21.652 98.500 24.773
201709 22.442 98.800 25.599
201712 22.675 99.400 25.709
201803 24.383 99.200 27.701
201806 23.281 99.200 26.449
201809 23.472 99.900 26.479
201812 23.144 99.700 26.162
201903 24.212 99.700 27.369
201906 24.848 99.800 28.060
201909 25.397 100.100 28.594
201912 25.492 100.500 28.587
202003 25.748 100.300 28.931
202006 26.277 99.900 29.644
202009 27.252 99.900 30.744
202012 28.091 99.300 31.882
202103 27.414 99.900 30.927
202106 27.292 99.500 30.913
202109 27.566 100.100 31.036
202112 26.641 100.100 29.994
202203 26.078 101.100 29.070
202206 23.527 101.800 26.046
202209 22.588 103.100 24.691
202212 24.254 104.100 26.258
202303 25.351 104.400 27.366
202306 24.801 105.200 26.569
202309 24.459 106.200 25.956
202312 25.548 106.800 26.959
202403 25.769 107.200 27.091
202406 0.000 108.200 0.000
202409 27.625 108.900 28.589
202412 26.150 110.700 26.622
202503 27.735 111.100 28.134
202506 28.787 111.700 29.045
202509 29.605 112.000 29.790
202512 29.192 113.000 29.114
202603 30.101 112.700 30.101

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 0.84 mean?
Tachibana Eletech Co (TBNAF) has a Cyclically Adjusted PB Ratio of 0.84 as of Aug. 29, 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 Tachibana Eletech Co and its competitors. This is near median its historical median of 0.84. Over the past decade, Tachibana Eletech Co's Cyclically Adjusted PB Ratio has ranged from 0.61 to 1.26. According to the industry distribution chart, Tachibana Eletech Co ranks #651 out of 1931 companies in the Hardware industry, placing it in the top 33.7%.
Is Tachibana Eletech Co's Cyclically Adjusted PB Ratio too high?
Tachibana Eletech Co's current Cyclically Adjusted PB Ratio of 0.84 is near median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.26. The Hardware industry median Cyclically Adjusted PB Ratio is 2.05. Tachibana Eletech Co's value of 0.84 is 59% below this industry median. Based on the distribution chart, Tachibana Eletech Co ranks #651 out of 1931 companies in the Hardware industry, which is above the industry midpoint. Overall, Tachibana Eletech Co has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Tachibana Eletech Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Tachibana Eletech Co ranks #651 out of 1931 companies for Cyclically Adjusted PB Ratio. This puts Tachibana Eletech Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.05. Tachibana Eletech Co's value of 0.84 is 59% below this benchmark. Historically, Tachibana Eletech Co's own Cyclically Adjusted PB Ratio has ranged from 0.61 to 1.26 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 2.05, Tachibana Eletech Co has consistently been below 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.05, based on 1,931 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. Tachibana Eletech Co's current Cyclically Adjusted PB Ratio of 0.84 is 59% below 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 Tachibana Eletech Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tachibana Eletech Co's current Cyclically Adjusted PB Ratio is 0.84, which is near median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tachibana Eletech Co stock overvalued right now?
Tachibana Eletech Co (TBNAF) has a current Cyclically Adjusted PB Ratio of 0.84. The stock's GF Value™ is $16.19, compared to a current price of $20.20 — trading 24.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.84, which is near median its 10-year median of 0.84 and 59% below the Hardware industry median of 2.05. Tachibana Eletech Co's overall GF Score™ is 85/100 with 4 warning signs 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 Tachibana Eletech Co (TBNAF), the current Cyclically Adjusted PB Ratio is 0.84 as of Aug. 29, 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 Tachibana Eletech Co (TBNAF) Overvalued in 2026?

Based on GuruFocus' analysis, Tachibana Eletech Co stock appears to be overvalued. The current stock price of $20.20 is trading 24.8% above its estimated GF Value™ of $16.19.

Key valuation signals for TBNAF:

  • Cyclically Adjusted PB Ratio: 0.84 (near median its 10-year median of 0.84)
  • GF Value™: $16.19 vs. price of $20.20 (24.8% above fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 59% below the Hardware median (#651 of 1931)

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


Tachibana Eletech Co Business Description

Other Exchanges 8159:Japan
Address 1-13-25, Nishi-honmachi, Nishi-ku, Osaka, JPN, 550-8555
Tachibana Eletech Co Ltd is a Japan based technology driven company engaged in the sale of factory automation systems. It operates in the segments of Factory automation systems business, Semiconductors and electronic devices business, and Building services systems business. The company derives a majority of the revenue from the Factory automation systems business, which involves products and services like programmable controllers, inverters, AC servos, various types of motors, power distribution control equipment and control devices, industrial robots, and other products. It has a business presence in Japan and various other countries.
85GF Score

Get the complete analysis for TBNAF

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

$20.20
Price
$16.19
GF Value