TKECF (Tokyo Electric Power Co Holdings) Cyclically Adjusted PB Ratio: 0.21 (As of Jul. 16, 2026) — 34% Below Median

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TKECF Tokyo Electric Power Co Holdings TKECF
66 GF Score
Price $2.70
GF Value $3.84
Valuation Possible Value Trap
! 6 Warning Signs
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What is Tokyo Electric Power Co Holdings Cyclically Adjusted PB Ratio?

Tokyo Electric Power Co Holdings TKECF 66 Cyclically Adjusted PB Ratio is 0.21 as of Jul. 16, 2026, which is 34% below its 10-year median of 0.32. GuruFocus rates TKECF with a GF Score™ of 66/100 and a GF Value™ of $3.84 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 284 Utilities - Independent Power Producers companies, Tokyo Electric Power Co Holdings ranks better than 88.03% on this metric.

As of today (2026-07-16), Tokyo Electric Power Co Holdings's current share price is $2.70. Tokyo Electric Power Co Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $13.10. Tokyo Electric Power Co Holdings's Cyclically Adjusted PB Ratio for today is 0.21.

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

TKECF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.32   Max: 0.57
Current: 0.23

During the past years, Tokyo Electric Power Co Holdings's highest Cyclically Adjusted PB Ratio was 0.57. The lowest was 0.19. And the median was 0.32.

TKECF's Cyclically Adjusted PB Ratio is ranked better than
88.03% of 284 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.13 vs TKECF: 0.23

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.

Tokyo Electric Power Co Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was $13.328. 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 $13.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokyo Electric Power Co Holdings  (OTCPK:TKECF) 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.


Tokyo Electric Power Co Holdings Cyclically Adjusted PB Ratio Related Terms


Tokyo Electric Power Co Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tokyo Electric Power Co Holdings'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.

Tokyo Electric Power Co Holdings Cyclically Adjusted PB Ratio Chart

Tokyo Electric Power Co Holdings 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 0.26 0.28 0.51 0.21 0.31

Tokyo Electric Power Co Holdings 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 0.21 0.24 0.34 0.32 0.31

Tokyo Electric Power Co Holdings Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Tokyo Electric Power Co Holdings'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.


Tokyo Electric Power Co Holdings Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tokyo Electric Power Co Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tokyo Electric Power Co Holdings's Cyclically Adjusted PB Ratio falls into.


TKECF
66GF Score
Tokyo Electric Power Co Holdings TKECF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokyo Electric Power Co Holdings 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.

Tokyo Electric Power Co Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.70/13.10
=0.21

* 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.

Tokyo Electric Power Co Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tokyo Electric Power Co Holdings'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)
=13.328/112.7000*112.7000
=13.328

Current CPI (Mar. 2026) = 112.7000.

Tokyo Electric Power Co Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 12.916 98.100 14.838
201609 13.879 98.000 15.961
201612 13.355 98.400 15.296
201703 12.953 98.100 14.881
201706 13.871 98.500 15.871
201709 14.269 98.800 16.276
201712 14.113 99.400 16.001
201803 15.604 99.200 17.728
201806 15.066 99.200 17.116
201809 15.264 99.900 17.220
201812 15.391 99.700 17.398
201903 16.226 99.700 18.342
201906 18.285 99.800 20.648
201909 19.076 100.100 21.477
201912 18.907 100.500 21.202
202003 16.812 100.300 18.890
202006 16.936 99.900 19.106
202009 17.934 99.900 20.232
202012 18.168 99.300 20.620
202103 17.945 99.900 20.244
202106 17.855 99.500 20.224
202109 18.400 100.100 20.716
202112 17.442 100.100 19.637
202203 16.748 101.100 18.670
202206 15.053 101.800 16.665
202209 14.048 103.100 15.356
202212 12.456 104.100 13.485
202303 14.454 104.400 15.603
202306 14.531 105.200 15.567
202309 15.239 106.200 16.172
202312 15.563 106.800 16.423
202403 14.629 107.200 15.380
202406 0.000 108.200 0.000
202409 16.336 108.900 16.906
202412 15.316 110.700 15.593
202503 15.742 111.100 15.969
202506 12.242 111.700 12.352
202509 12.635 112.000 12.714
202512 12.385 113.000 12.352
202603 13.328 112.700 13.328

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 0.21 mean?
Tokyo Electric Power Co Holdings (TKECF) has a Cyclically Adjusted PB Ratio of 0.21 as of Jul. 16, 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 Tokyo Electric Power Co Holdings and its competitors. This is 34% below median its historical median of 0.32. Over the past decade, Tokyo Electric Power Co Holdings' Cyclically Adjusted PB Ratio has ranged from 0.19 to 0.57. According to the industry distribution chart, Tokyo Electric Power Co Holdings ranks #34 out of 284 companies in the Utilities - Independent Power Producers industry, placing it in the top 12%.
Is Tokyo Electric Power Co Holdings' Cyclically Adjusted PB Ratio too high?
Tokyo Electric Power Co Holdings' current Cyclically Adjusted PB Ratio of 0.21 is 34% below median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.57. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.13. Tokyo Electric Power Co Holdings' value of 0.21 is 81.4% below this industry median. Based on the distribution chart, Tokyo Electric Power Co Holdings ranks #34 out of 284 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Tokyo Electric Power Co Holdings has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tokyo Electric Power Co Holdings' Cyclically Adjusted PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Tokyo Electric Power Co Holdings ranks #34 out of 284 companies for Cyclically Adjusted PB Ratio. This places Tokyo Electric Power Co Holdings in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.13. Tokyo Electric Power Co Holdings' value of 0.21 is 81.4% below this benchmark. Historically, Tokyo Electric Power Co Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.19 to 0.57 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 1.13, Tokyo Electric Power Co Holdings 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PB Ratio among Utilities - Independent Power Producers companies is 1.13, based on 284 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. Tokyo Electric Power Co Holdings's current Cyclically Adjusted PB Ratio of 0.21 is 81.4% 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 Tokyo Electric Power Co Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Electric Power Co Holdings's current Cyclically Adjusted PB Ratio is 0.21, which is 34% below median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Electric Power Co Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Electric Power Co Holdings (TKECF) is currently considered Possible Value Trap. The stock's GF Value™ is $3.84, compared to a current price of $2.70 — trading 29.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.21, which is 34% below median its 10-year median of 0.32 and 81.4% below the Utilities - Independent Power Producers industry median of 1.13. Tokyo Electric Power Co Holdings' overall GF Score™ is 66/100 with 6 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 Tokyo Electric Power Co Holdings (TKECF), the current Cyclically Adjusted PB Ratio is 0.21 as of Jul. 16, 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 Tokyo Electric Power Co Holdings (TKECF) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Electric Power Co Holdings stock appears to be undervalued. The current stock price of $2.70 is trading 29.7% below its estimated GF Value™ of $3.84. GuruFocus considers Tokyo Electric Power Co Holdings to be Possible Value Trap.

Key valuation signals for TKECF:

  • Cyclically Adjusted PB Ratio: 0.21 (34% below median its 10-year median of 0.32)
  • GF Value™: $3.84 vs. price of $2.70 (29.7% below fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 81.4% below the Utilities - Independent Power Producers median (#34 of 284)

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


Tokyo Electric Power Co Holdings Business Description

Address 1-1-3 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 100-8560
Tokyo Electric Power Co Holdings is a Japan-based company engaged in the generation and distribution of electric power. The company operates through five segments. The Energy Partner segment provides optimal total solutions, customer services, and low-cost power procurement. The Fuel & Power segment focuses on thermal power generation, fuel procurement, and related investments. The Holdings segment provides management support, shared services, and oversees nuclear power operations. The Power Grid segment handles electricity transmission, transformation, distribution, and related facility construction and maintenance. The Renewable Power segment generates and sells renewable energy, manages facilities, and develops new renewable projects in Japan and overseas.
66GF Score

Get the complete analysis for TKECF

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

$2.70
Price
$3.84
GF Value