Taisei (TSE:1801) Cyclically Adjusted PB Ratio: 3.05 (As of Aug. 07, 2026) — 66% Above Median

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TSE:1801 Taisei Corp TSE:1801
84 GF Score
Price 円12,890.00
GF Value 円8,330.26
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Taisei Cyclically Adjusted PB Ratio?

Taisei TSE:1801 -5.05% 84 Cyclically Adjusted PB Ratio is 3.05 as of Aug. 07, 2026, which is 66% above its 10-year median of 1.84. GuruFocus rates TSE:1801 with a GF Score™ of 84/100 and a GF Value™ of 円8,330.26 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,343 Construction companies, Taisei ranks worse than 81.83% on this metric.

As of today (2026-08-07), Taisei's current share price is 円12890.00. Taisei's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円4,219.97. Taisei's Cyclically Adjusted PB Ratio for today is 3.05.

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

TSE:1801' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.28   Med: 1.84   Max: 4.9
Current: 3.24

During the past years, Taisei's highest Cyclically Adjusted PB Ratio was 4.90. The lowest was 1.28. And the median was 1.84.

TSE:1801's Cyclically Adjusted PB Ratio is ranked worse than
81.83% of 1343 companies
in the Construction industry
Industry Median: 1.14 vs TSE:1801: 3.24

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.

Taisei's adjusted book value per share data for the three months ended in Mar. 2026 was 円5,816.090. 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 円4,219.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taisei  (TSE:1801) 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.


Taisei Cyclically Adjusted PB Ratio Related Terms


Taisei Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Taisei'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.

Taisei Cyclically Adjusted PB Ratio Chart

Taisei 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 1.31 1.33 1.64 1.71 3.80

Taisei 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 1.71 2.12 2.51 3.58 3.80

TSE:1801 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Taisei'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.


Taisei Cyclically Adjusted PB Ratio vs Construction Industry

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

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


TSE:1801
84GF Score
Taisei Corp TSE:1801
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taisei 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.

Taisei's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12890.00/4219.97
=3.05

* 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.

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

For example, Taisei'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)
=5816.09/112.7000*112.7000
=5,816.090

Current CPI (Mar. 2026) = 112.7000.

Taisei Quarterly Data

Book Value per Share CPI Adj_Book
201606 2,101.359 98.100 2,414.099
201609 2,200.142 98.000 2,530.163
201612 2,433.955 98.400 2,787.670
201703 2,482.999 98.100 2,852.538
201706 2,551.167 98.500 2,918.949
201709 2,621.729 98.800 2,990.575
201712 2,858.722 99.400 3,241.227
201803 2,975.010 99.200 3,379.875
201806 2,962.793 99.200 3,365.996
201809 3,038.098 99.900 3,427.364
201812 3,005.245 99.700 3,397.102
201903 3,302.840 99.700 3,733.501
201906 3,240.376 99.800 3,659.222
201909 3,413.370 100.100 3,843.025
201912 3,492.457 100.500 3,916.417
202003 3,550.014 100.300 3,988.899
202006 3,560.570 99.900 4,016.779
202009 3,623.189 99.900 4,087.421
202012 3,749.139 99.300 4,255.065
202103 4,084.796 99.900 4,608.173
202106 4,009.260 99.500 4,541.142
202109 4,123.638 100.100 4,642.697
202112 4,070.278 100.100 4,582.621
202203 4,335.780 101.100 4,833.258
202206 4,301.687 101.800 4,762.280
202209 4,379.719 103.100 4,787.530
202212 4,357.747 104.100 4,717.753
202303 4,401.971 104.400 4,751.936
202306 4,457.710 105.200 4,775.513
202309 4,588.991 106.200 4,869.861
202312 4,596.480 106.800 4,850.405
202403 5,042.698 107.200 5,301.419
202406 4,972.565 108.200 5,179.372
202409 5,007.830 108.900 5,182.575
202412 4,980.026 110.700 5,069.999
202503 5,041.429 111.100 5,114.033
202506 5,024.196 111.700 5,069.175
202509 5,228.580 112.000 5,261.259
202512 5,289.860 113.000 5,275.816
202603 5,816.090 112.700 5,816.090

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 3.05 mean?
Taisei (TSE:1801) has a Cyclically Adjusted PB Ratio of 3.05 as of Aug. 07, 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 Taisei and its competitors. This is 66% above median its historical median of 1.84. Over the past decade, Taisei's Cyclically Adjusted PB Ratio has ranged from 1.28 to 4.90. According to the industry distribution chart, Taisei ranks #1099 out of 1343 companies in the Construction industry, placing it in the top 81.8%.
Is Taisei's Cyclically Adjusted PB Ratio too high?
Taisei's current Cyclically Adjusted PB Ratio of 3.05 is 66% above median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 4.90. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Taisei's value of 3.05 is 167.5% above this industry median. Based on the distribution chart, Taisei ranks #1099 out of 1343 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Taisei has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taisei's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Taisei ranks #1099 out of 1343 companies for Cyclically Adjusted PB Ratio. This places Taisei in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Taisei's value of 3.05 is 167.5% above this benchmark. Historically, Taisei's own Cyclically Adjusted PB Ratio has ranged from 1.28 to 4.90 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 1.14, Taisei 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 1.14, based on 1,343 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. Taisei's current Cyclically Adjusted PB Ratio of 3.05 is 167.5% 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 Taisei and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taisei's current Cyclically Adjusted PB Ratio is 3.05, which is 66% above median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taisei stock overvalued right now?
Based on GuruFocus' analysis, Taisei (TSE:1801) is currently considered Significantly Overvalued. The stock's GF Value™ is 円8,330.26, compared to a current price of 円12,890.00 — trading 54.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.05, which is 66% above median its 10-year median of 1.84 and 167.5% above the Construction industry median of 1.14. Taisei's overall GF Score™ is 84/100 with 3 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 Taisei (TSE:1801), the current Cyclically Adjusted PB Ratio is 3.05 as of Aug. 07, 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 Taisei (TSE:1801) Overvalued in 2026?

Based on GuruFocus' analysis, Taisei stock appears to be overvalued. The current stock price of 円12,890.00 is trading 54.7% above its estimated GF Value™ of 円8,330.26. GuruFocus considers Taisei to be Significantly Overvalued.

Key valuation signals for TSE:1801:

  • Cyclically Adjusted PB Ratio: 3.05 (66% above median its 10-year median of 1.84)
  • GF Value™: 円8,330.26 vs. price of 円12,890.00 (54.7% above fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 167.5% above the Construction median (#1099 of 1343)

No single metric tells the full story. See the TSE:1801 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taisei Business Description

Other Exchanges TISCY:USATKK1:Germany
Address 1-25-1 Nishi-Shinjuku, Shinjuku Center Building, Shinjuku-ku, Tokyo, JPN, 163-0606
Taisei Corp is a Japan-based company engaged in the civil engineering, construction, and real estate development business. It enters into contracts to develop and enhance urbanization in designated regions. The company has four operating segments. The Architecture segment covers building construction, while Civil Engineering focuses on infrastructure works. The Development segment handles real estate activities such as sales, leasing, management, and mediation. The Others segment includes businesses incidental to construction, including contract research, technology services, and environmental measurement, as well as logistics, leisure-related operations, and other service industries. The company generates the majority of its revenue from the Architecture segment.
84GF Score

Get the complete analysis for TSE:1801

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

円12,890.00
Price
円8,330.26
GF Value