Taisei (TSE:1801) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

TSE:1801 Taisei Corp TSE:1801
81 GF Score
Price 円12,620.00
GF Value 円8,748.04
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Taisei Cyclically Adjusted PB Ratio?

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 1.22 1.25 1.53 1.61 3.56

Taisei 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 2.10 2.48 3.52 3.74 3.23

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
81GF 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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Taisei'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)
=5980.855/113.6000*113.6000
=5,980.855

Current CPI (Jun. 2026) = 113.6000.

Taisei Quarterly Data

Book Value per Share CPI Adj_Book
201609 2,209.558 98.000 2,561.284
201612 2,443.378 98.400 2,820.810
201703 2,491.883 98.100 2,885.606
201706 2,560.081 98.500 2,952.540
201709 2,629.072 98.800 3,022.901
201712 2,805.901 99.400 3,206.744
201803 2,983.342 99.200 3,416.408
201806 2,971.140 99.200 3,402.435
201809 3,046.582 99.900 3,464.382
201812 3,014.057 99.700 3,434.272
201903 3,311.872 99.700 3,773.607
201906 3,250.328 99.800 3,699.772
201909 3,423.557 100.100 3,885.275
201912 3,502.910 100.500 3,959.508
202003 3,567.807 100.300 4,040.906
202006 3,577.895 99.900 4,068.557
202009 3,642.595 99.900 4,142.130
202012 3,768.316 99.300 4,310.984
202103 4,102.176 99.900 4,664.737
202106 4,030.005 99.500 4,601.091
202109 4,144.607 100.100 4,703.570
202112 4,091.364 100.100 4,643.146
202203 4,355.478 101.100 4,893.989
202206 4,325.292 101.800 4,826.652
202209 4,405.961 103.100 4,854.677
202212 4,385.933 104.100 4,786.186
202303 4,427.262 104.400 4,817.404
202306 4,486.045 105.200 4,844.246
202309 4,619.692 106.200 4,941.591
202312 4,758.122 106.800 5,061.074
202403 5,211.714 107.200 5,522.861
202406 5,147.877 108.200 5,404.795
202409 5,190.793 108.900 5,414.822
202412 5,172.504 110.700 5,308.008
202503 5,242.277 111.100 5,360.240
202506 5,226.587 111.700 5,315.490
202509 5,627.641 112.000 5,708.036
202512 5,535.262 113.000 5,564.653
202603 6,072.829 112.700 6,121.325
202606 5,980.855 113.600 5,980.855

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 Taisei (TSE:1801) Overvalued in 2026?

Based on GuruFocus' analysis, Taisei stock appears to be overvalued. The current stock price of 円12,620.00 is trading 44.3% above its estimated GF Value™ of 円8,748.04. GuruFocus considers Taisei to be Significantly Overvalued.

Key valuation signals for TSE:1801:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円8,748.04 vs. price of 円12,620.00 (44.3% above fair value)
  • GF Score™: 81/100 with 3 warning signs

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.
81GF 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12,620.00
Price
円8,748.04
GF Value