PS Construction Co (TSE:1871) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:1871 PS Construction Co Ltd TSE:1871
69 GF Score
Price 円2,181.00
GF Value 円1,472.80
Valuation Significantly Overvalued
! 2 Warning Signs
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What is PS Construction Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PS Construction Co  (TSE:1871) 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.


PS Construction Co Cyclically Adjusted PB Ratio Related Terms


PS Construction Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PS 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.

PS Construction Co Cyclically Adjusted PB Ratio Chart

PS 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 0.91 0.91 1.31 1.62 2.67

PS Construction Co 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 1.94 2.03 3.05 2.81 2.23

TSE:1871 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, PS 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.


PS Construction Co Cyclically Adjusted PB Ratio vs Construction Industry

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

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


TSE:1871
69GF Score
PS Construction Co Ltd TSE:1871
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PS 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.

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

For example, PS Construction Co'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)
=1372.934/113.6000*113.6000
=1,372.934

Current CPI (Jun. 2026) = 113.6000.

PS Construction Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 478.096 98.000 554.201
201612 521.667 98.400 602.250
201703 528.286 98.100 611.756
201706 525.873 98.500 606.489
201709 562.095 98.800 646.295
201712 612.829 99.400 700.376
201803 605.094 99.200 692.930
201806 580.199 99.200 664.421
201809 612.863 99.900 696.909
201812 645.652 99.700 735.668
201903 757.023 99.700 862.566
201906 737.202 99.800 839.140
201909 759.625 100.100 862.072
201912 789.621 100.500 892.547
202003 790.958 100.300 895.841
202006 788.931 99.900 897.123
202009 814.403 99.900 926.088
202012 872.136 99.300 997.731
202103 906.359 99.900 1,030.654
202106 912.651 99.500 1,041.981
202109 939.645 100.100 1,066.370
202112 959.014 100.100 1,088.352
202203 974.380 101.100 1,094.852
202206 965.029 101.800 1,076.889
202209 980.167 103.100 1,079.990
202212 1,005.906 104.100 1,097.703
202303 1,031.019 104.400 1,121.875
202306 1,017.795 105.200 1,099.064
202309 1,047.073 106.200 1,120.033
202312 1,057.822 106.800 1,125.174
202403 1,118.529 107.200 1,185.307
202406 1,123.827 108.200 1,179.914
202409 1,163.098 108.900 1,213.296
202412 1,217.894 110.700 1,249.799
202503 1,237.933 111.100 1,265.789
202506 1,222.085 111.700 1,242.872
202509 1,286.463 112.000 1,304.841
202512 1,341.852 113.000 1,348.977
202603 1,398.692 112.700 1,409.862
202606 1,372.934 113.600 1,372.934

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 PS Construction Co (TSE:1871) Overvalued in 2026?

Based on GuruFocus' analysis, PS Construction Co stock appears to be overvalued. The current stock price of 円2,181.00 is trading 48.1% above its estimated GF Value™ of 円1,472.80. GuruFocus considers PS Construction Co to be Significantly Overvalued.

Key valuation signals for TSE:1871:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円1,472.80 vs. price of 円2,181.00 (48.1% above fair value)
  • GF Score™: 69/100 with 2 warning signs

No single metric tells the full story. See the TSE:1871 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PS Construction Co Business Description

Address 1-9-1 Higashi-Shinbashi, Minato-ku, Tokyo, JPN, 105-7365
PS Construction Co Ltd is engaged in contract, planning, design and construction management of prestressed concrete construction works, Contract, planning, design and construction management of civil engineering and building construction works, Business concerning maintenance and repair of civil engineering and building structures, Manufacture and sales of prestressed concrete products, pre-cast concrete products, production and sales of their manufacturing tools and attachments, Design, manufacture, sales and leasing of machines, equipments and apparatuses for prestressed concrete construction and other construction works, Mineral mining and contracts, etc.
69GF Score

Get the complete analysis for TSE:1871

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

円2,181.00
Price
円1,472.80
GF Value