TKSNF (Takasago Thermal Engineering Co) Cyclically Adjusted PB Ratio: 3.55 (As of Jul. 24, 2026) — 141% Above Median

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TKSNF Takasago Thermal Engineering Co Ltd TKSNF
78 GF Score
Price $28.56
GF Value $25.26
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Takasago Thermal Engineering Co Cyclically Adjusted PB Ratio?

Takasago Thermal Engineering Co TKSNF 78 Cyclically Adjusted PB Ratio is 3.55 as of Jul. 24, 2026, which is 141% above its 10-year median of 1.47. GuruFocus rates TKSNF with a GF Score™ of 78/100 and a GF Value™ of $25.26 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,363 Construction companies, Takasago Thermal Engineering Co ranks worse than 85.69% on this metric.

As of today (2026-07-24), Takasago Thermal Engineering Co's current share price is $28.555. Takasago Thermal Engineering Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $8.05. Takasago Thermal Engineering Co's Cyclically Adjusted PB Ratio for today is 3.55.

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

TKSNF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.47   Max: 4.9
Current: 4.13

During the past years, Takasago Thermal Engineering Co's highest Cyclically Adjusted PB Ratio was 4.90. The lowest was 0.98. And the median was 1.47.

TKSNF's Cyclically Adjusted PB Ratio is ranked worse than
85.69% of 1363 companies
in the Construction industry
Industry Median: 1.17 vs TKSNF: 4.13

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.

Takasago Thermal Engineering Co's adjusted book value per share data for the three months ended in Mar. 2026 was $10.107. 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 $8.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Takasago Thermal Engineering Co  (OTCPK:TKSNF) 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.


Takasago Thermal Engineering Co Cyclically Adjusted PB Ratio Related Terms


Takasago Thermal Engineering Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Takasago Thermal Engineering 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.

Takasago Thermal Engineering Co Cyclically Adjusted PB Ratio Chart

Takasago Thermal Engineering 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 1.12 1.25 2.66 2.77 3.95

Takasago Thermal Engineering Co 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 2.77 3.47 3.95 4.15 3.95

TKSNF vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Takasago Thermal Engineering 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.


Takasago Thermal Engineering Co Cyclically Adjusted PB Ratio vs Construction Industry

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

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


TKSNF
78GF Score
Takasago Thermal Engineering Co Ltd TKSNF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Takasago Thermal Engineering 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.

Takasago Thermal Engineering Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.555/8.05
=3.55

* 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.

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

For example, Takasago Thermal Engineering 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)
=10.107/112.7000*112.7000
=10.107

Current CPI (Mar. 2026) = 112.7000.

Takasago Thermal Engineering Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.444 98.100 7.403
201609 6.811 98.000 7.833
201612 6.219 98.400 7.123
201703 6.599 98.100 7.581
201706 6.816 98.500 7.799
201709 7.039 98.800 8.029
201712 7.183 99.400 8.144
201803 7.736 99.200 8.789
201806 7.392 99.200 8.398
201809 7.398 99.900 8.346
201812 7.172 99.700 8.107
201903 7.667 99.700 8.667
201906 7.809 99.800 8.818
201909 8.085 100.100 9.103
201912 8.160 100.500 9.151
202003 8.162 100.300 9.171
202006 8.035 99.900 9.065
202009 8.358 99.900 9.429
202012 8.644 99.300 9.810
202103 8.775 99.900 9.899
202106 8.553 99.500 9.688
202109 8.667 100.100 9.758
202112 8.423 100.100 9.483
202203 8.473 101.100 9.445
202206 7.421 101.800 8.216
202209 7.081 103.100 7.740
202212 7.704 104.100 8.340
202303 8.046 104.400 8.686
202306 7.608 105.200 8.150
202309 7.562 106.200 8.025
202312 8.034 106.800 8.478
202403 8.264 107.200 8.688
202406 7.658 108.200 7.976
202409 8.735 108.900 9.040
202412 8.330 110.700 8.480
202503 9.126 111.100 9.257
202506 9.225 111.700 9.308
202509 9.916 112.000 9.978
202512 9.773 113.000 9.747
202603 10.107 112.700 10.107

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 3.55 mean?
Takasago Thermal Engineering Co (TKSNF) has a Cyclically Adjusted PB Ratio of 3.55 as of Jul. 24, 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 Takasago Thermal Engineering Co and its competitors. This is 141% above median its historical median of 1.47. Over the past decade, Takasago Thermal Engineering Co's Cyclically Adjusted PB Ratio has ranged from 0.98 to 4.90. According to the industry distribution chart, Takasago Thermal Engineering Co ranks #1168 out of 1363 companies in the Construction industry, placing it in the top 85.7%.
Is Takasago Thermal Engineering Co's Cyclically Adjusted PB Ratio too high?
Takasago Thermal Engineering Co's current Cyclically Adjusted PB Ratio of 3.55 is 141% above median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 4.90. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. Takasago Thermal Engineering Co's value of 3.55 is 203.4% above this industry median. Based on the distribution chart, Takasago Thermal Engineering Co ranks #1168 out of 1363 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Takasago Thermal Engineering Co has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Takasago Thermal Engineering Co's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Takasago Thermal Engineering Co ranks #1168 out of 1363 companies for Cyclically Adjusted PB Ratio. This places Takasago Thermal Engineering Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. Takasago Thermal Engineering Co's value of 3.55 is 203.4% above this benchmark. Historically, Takasago Thermal Engineering Co's own Cyclically Adjusted PB Ratio has ranged from 0.98 to 4.90 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 1.17, Takasago Thermal Engineering 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 1.17, based on 1,363 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. Takasago Thermal Engineering Co's current Cyclically Adjusted PB Ratio of 3.55 is 203.4% 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 Takasago Thermal Engineering Co and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Takasago Thermal Engineering Co's current Cyclically Adjusted PB Ratio is 3.55, which is 141% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Takasago Thermal Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Takasago Thermal Engineering Co (TKSNF) is currently considered Modestly Overvalued. The stock's GF Value™ is $25.26, compared to a current price of $28.56 — trading 13% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.55, which is 141% above median its 10-year median of 1.47 and 203.4% above the Construction industry median of 1.17. Takasago Thermal Engineering Co's overall GF Score™ is 78/100 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 Takasago Thermal Engineering Co (TKSNF), the current Cyclically Adjusted PB Ratio is 3.55 as of Jul. 24, 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 Takasago Thermal Engineering Co (TKSNF) Overvalued in 2026?

Based on GuruFocus' analysis, Takasago Thermal Engineering Co stock appears to be overvalued. The current stock price of $28.56 is trading 13% above its estimated GF Value™ of $25.26. GuruFocus considers Takasago Thermal Engineering Co to be Modestly Overvalued.

Key valuation signals for TKSNF:

  • Cyclically Adjusted PB Ratio: 3.55 (141% above median its 10-year median of 1.47)
  • GF Value™: $25.26 vs. price of $28.56 (13% above fair value)
  • GF Score™: 78/100 with 1 warning sign
  • Industry Position: 203.4% above the Construction median (#1168 of 1363)

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


Takasago Thermal Engineering Co Business Description

Other Exchanges 1969:JapanQ74:Germany
Address 6-27-30, Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022
Takasago Thermal Engineering Co Ltd is a Japan-based company that designs, constructs, manufactures, and installs heating, ventilation, and air conditioning, or HVAC, systems, clean room and related systems, plumbing and sanitation systems, cogeneration systems, electrical systems, instrumentation systems, equipment diagnosis/failure diagnosis systems, dehumidifying/drying systems, vacuum conveying systems for waste, discharged-heat recovery systems, heating/cooling systems, refrigerating/freezing systems, other types of environmental control systems and thermal engineering systems, and so on. In addition, the company is engaged in coordinating construction work, security, and cleaning, with further focus on energy supply, power generation, and water treatment.
78GF Score

Get the complete analysis for TKSNF

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

$28.56
Price
$25.26
GF Value