Nankai Tatsumura Construction Co (TSE:1850) Cyclically Adjusted PB Ratio: 0.88 (As of Aug. 21, 2026) — 11% Below Median

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TSE:1850 Nankai Tatsumura Construction Co Ltd TSE:1850
62 GF Score
Price 円420.00
GF Value 円341.50
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Nankai Tatsumura Construction Co Cyclically Adjusted PB Ratio?

Nankai Tatsumura Construction Co TSE:1850 +0.72% 62 Cyclically Adjusted PB Ratio is 0.88 as of Aug. 21, 2026, which is 11% below its 10-year median of 0.99. GuruFocus rates TSE:1850 with a GF Score™ of 62/100 and a GF Value™ of 円341.50 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,284 Construction companies, Nankai Tatsumura Construction Co ranks better than 60.44% on this metric.

As of today (2026-08-21), Nankai Tatsumura Construction Co's current share price is 円420.00. Nankai Tatsumura Construction Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円479.29. Nankai Tatsumura Construction Co's Cyclically Adjusted PB Ratio for today is 0.88.

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

TSE:1850' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 0.99   Max: 3.02
Current: 0.87

During the past years, Nankai Tatsumura Construction Co's highest Cyclically Adjusted PB Ratio was 3.02. The lowest was 0.65. And the median was 0.99.

TSE:1850's Cyclically Adjusted PB Ratio is ranked better than
60.44% of 1284 companies
in the Construction industry
Industry Median: 1.13 vs TSE:1850: 0.87

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.

Nankai Tatsumura Construction Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円683.433. 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479.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nankai Tatsumura Construction Co  (TSE:1850) 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.


Nankai Tatsumura Construction Co Cyclically Adjusted PB Ratio Related Terms


Nankai Tatsumura Construction Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nankai Tatsumura Construction 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.

Nankai Tatsumura Construction Co Cyclically Adjusted PB Ratio Chart

Nankai Tatsumura Construction 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 0.99 0.88 0.81 0.73 0.98

Nankai Tatsumura Construction Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.69 1.08 1.27 0.98 0.00

TSE:1850 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Nankai Tatsumura Construction 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.


Nankai Tatsumura Construction Co Cyclically Adjusted PB Ratio vs Construction Industry

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

* The bar in red indicates where Nankai Tatsumura Construction Co's Cyclically Adjusted PB Ratio falls into.


TSE:1850
62GF Score
Nankai Tatsumura Construction Co Ltd TSE:1850
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nankai Tatsumura Construction 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.

Nankai Tatsumura Construction Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=420.00/479.29
=0.88

* 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.

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

For example, Nankai Tatsumura Construction 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)
=683.433/112.7000*112.7000
=683.433

Current CPI (Mar. 2026) = 112.7000.

Nankai Tatsumura Construction Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 293.940 97.900 338.376
201606 303.098 98.100 348.207
201609 320.476 98.000 368.547
201612 337.889 98.400 386.993
201703 352.562 98.100 405.033
201706 360.019 98.500 411.920
201709 366.679 98.800 418.266
201712 385.411 99.400 436.980
201803 392.209 99.200 445.584
201806 410.108 99.200 465.919
201809 422.387 99.900 476.507
201812 432.585 99.700 488.990
201903 346.387 99.700 391.553
201906 351.729 99.800 397.193
201909 360.609 100.100 406.000
201912 375.802 100.500 421.422
202003 361.615 100.300 406.321
202006 364.876 99.900 411.627
202009 368.483 99.900 415.696
202012 379.514 99.300 430.727
202103 393.562 99.900 443.988
202106 400.395 99.500 453.513
202109 411.426 100.100 463.214
202112 426.133 100.100 479.772
202203 439.488 101.100 489.914
202206 440.321 101.800 487.467
202209 464.393 103.100 507.634
202212 485.969 104.100 526.116
202303 501.353 104.400 541.212
202306 499.653 105.200 535.275
202309 501.873 106.200 532.590
202312 516.546 106.800 545.082
202403 547.142 107.200 575.214
202406 551.200 108.200 574.124
202409 556.993 108.900 576.429
202503 599.729 111.100 608.366
202506 608.367 111.700 613.813
202509 621.861 112.000 625.748
202512 638.546 113.000 636.851
202603 683.433 112.700 683.433

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 0.88 mean?
Nankai Tatsumura Construction Co (TSE:1850) has a Cyclically Adjusted PB Ratio of 0.88 as of Aug. 21, 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 Nankai Tatsumura Construction Co and its competitors. This is 11% below median its historical median of 0.99. Over the past decade, Nankai Tatsumura Construction Co's Cyclically Adjusted PB Ratio has ranged from 0.65 to 3.02. According to the industry distribution chart, Nankai Tatsumura Construction Co ranks #508 out of 1284 companies in the Construction industry, placing it in the top 39.6%.
Is Nankai Tatsumura Construction Co's Cyclically Adjusted PB Ratio too high?
Nankai Tatsumura Construction Co's current Cyclically Adjusted PB Ratio of 0.88 is 11% below median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 3.02. The Construction industry median Cyclically Adjusted PB Ratio is 1.13. Nankai Tatsumura Construction Co's value of 0.88 is 22.1% below this industry median. Based on the distribution chart, Nankai Tatsumura Construction Co ranks #508 out of 1284 companies in the Construction industry, which is above the industry midpoint. Overall, Nankai Tatsumura Construction Co has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nankai Tatsumura Construction Co's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Nankai Tatsumura Construction Co ranks #508 out of 1284 companies for Cyclically Adjusted PB Ratio. This puts Nankai Tatsumura Construction Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.13. Nankai Tatsumura Construction Co's value of 0.88 is 22.1% below this benchmark. Historically, Nankai Tatsumura Construction Co's own Cyclically Adjusted PB Ratio has ranged from 0.65 to 3.02 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 1.13, Nankai Tatsumura Construction 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.13, based on 1,284 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. Nankai Tatsumura Construction Co's current Cyclically Adjusted PB Ratio of 0.88 is 22.1% 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 Nankai Tatsumura Construction Co and its competitors. For the Construction 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. Nankai Tatsumura Construction Co's current Cyclically Adjusted PB Ratio is 0.88, which is 11% below median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nankai Tatsumura Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Nankai Tatsumura Construction Co (TSE:1850) is currently considered Modestly Overvalued. The stock's GF Value™ is 円341.50, compared to a current price of 円420.00 — trading 23% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.88, which is 11% below median its 10-year median of 0.99 and 22.1% below the Construction industry median of 1.13. Nankai Tatsumura Construction Co's overall GF Score™ is 62/100 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 Nankai Tatsumura Construction Co (TSE:1850), the current Cyclically Adjusted PB Ratio is 0.88 as of Aug. 21, 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 Nankai Tatsumura Construction Co (TSE:1850) Overvalued in 2026?

Based on GuruFocus' analysis, Nankai Tatsumura Construction Co stock appears to be overvalued. The current stock price of 円420.00 is trading 23% above its estimated GF Value™ of 円341.50. GuruFocus considers Nankai Tatsumura Construction Co to be Modestly Overvalued.

Key valuation signals for TSE:1850:

  • Cyclically Adjusted PB Ratio: 0.88 (11% below median its 10-year median of 0.99)
  • GF Value™: 円341.50 vs. price of 円420.00 (23% above fair value)
  • GF Score™: 62/100 with 1 warning sign
  • Industry Position: 22.1% below the Construction median (#508 of 1284)

No single metric tells the full story. See the TSE:1850 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nankai Tatsumura Construction Co Business Description

Address 3 - chome 5 - 19, Naniwa-ku Nanba Naka, Nanhai Nanba Building, Osaka, JPN, 556-0011
Nankai Tatsumura Construction Co Ltd is engaged in general construction like civil, construction, pipe, electrical, and telecommunications construction, design industry, buying and selling real estate owned as well as other general construction work.
62GF Score

Get the complete analysis for TSE:1850

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

円420.00
Price
円341.50
GF Value