Fukuda (TSE:1899) Cyclically Adjusted PB Ratio: 1.04 (As of Aug. 12, 2026) — 27% Above Median

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TSE:1899 Fukuda Corp TSE:1899
47 GF Score
Price 円4,790.00
GF Value 円2,251.46
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Fukuda Cyclically Adjusted PB Ratio?

Fukuda TSE:1899 +4.02% 47 Cyclically Adjusted PB Ratio is 1.04 as of Aug. 12, 2026, which is 27% above its 10-year median of 0.82. GuruFocus rates TSE:1899 with a GF Score™ of 47/100 and a GF Value™ of 円2,251.46 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,337 Construction companies, Fukuda ranks better than 56.02% on this metric.

As of today (2026-08-12), Fukuda's current share price is 円4790.00. Fukuda's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円4,626.80. Fukuda's Cyclically Adjusted PB Ratio for today is 1.04.

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

TSE:1899' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.82   Max: 1.71
Current: 1

During the past years, Fukuda's highest Cyclically Adjusted PB Ratio was 1.71. The lowest was 0.57. And the median was 0.82.

TSE:1899's Cyclically Adjusted PB Ratio is ranked better than
56.02% of 1337 companies
in the Construction industry
Industry Median: 1.16 vs TSE:1899: 1.00

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.

Fukuda's adjusted book value per share data for the three months ended in Jun. 2026 was 円5,591.922. 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4,626.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fukuda  (TSE:1899) 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.


Fukuda Cyclically Adjusted PB Ratio Related Terms


Fukuda Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fukuda'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.

Fukuda Cyclically Adjusted PB Ratio Chart

Fukuda Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.66 0.67 0.63 0.84

Fukuda 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 0.58 0.80 0.84 0.92 0.80

TSE:1899 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Fukuda'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.


Fukuda Cyclically Adjusted PB Ratio vs Construction Industry

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

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


TSE:1899
47GF Score
Fukuda Corp TSE:1899
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fukuda 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4790.00/4626.80
=1.04

* 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.

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

For example, Fukuda'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)
=5591.922/113.6000*113.6000
=5,591.922

Current CPI (Jun. 2026) = 113.6000.

Fukuda Quarterly Data

Book Value per Share CPI Adj_Book
201609 2,872.794 98.000 3,330.096
201612 3,041.004 98.400 3,510.753
201703 3,021.006 98.100 3,498.331
201706 3,115.225 98.500 3,592.787
201709 3,217.896 98.800 3,699.929
201712 3,325.958 99.400 3,801.095
201803 3,327.429 99.200 3,810.443
201806 3,402.580 99.200 3,896.503
201809 3,512.082 99.900 3,993.719
201812 3,545.655 99.700 4,039.984
201903 3,561.213 99.700 4,057.711
201906 3,575.470 99.800 4,069.874
201909 3,707.174 100.100 4,207.143
201912 3,819.534 100.500 4,317.404
202003 3,847.415 100.300 4,357.591
202006 3,965.252 99.900 4,509.035
202009 4,072.783 99.900 4,631.313
202012 4,150.420 99.300 4,748.114
202103 4,254.006 99.900 4,837.388
202106 4,313.751 99.500 4,925.046
202109 4,408.944 100.100 5,003.557
202112 4,444.855 100.100 5,044.311
202203 4,457.879 101.100 5,009.051
202206 4,483.105 101.800 5,002.758
202209 4,582.776 103.100 5,049.499
202212 4,563.647 104.100 4,980.118
202303 4,545.177 104.400 4,945.710
202306 4,564.820 105.200 4,929.311
202309 4,647.962 106.200 4,971.831
202312 4,812.160 106.800 5,118.552
202403 4,886.586 107.200 5,178.322
202406 4,924.597 108.200 5,170.372
202409 5,004.229 108.900 5,220.206
202412 5,113.802 110.700 5,247.768
202503 5,098.194 111.100 5,212.915
202506 5,164.915 111.700 5,252.769
202509 5,305.193 112.000 5,380.981
202512 5,422.292 113.000 5,451.083
202603 5,424.923 112.700 5,468.245
202606 5,591.922 113.600 5,591.922

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 1.04 mean?
Fukuda (TSE:1899) has a Cyclically Adjusted PB Ratio of 1.04 as of Aug. 12, 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 Fukuda and its competitors. This is 27% above median its historical median of 0.82. Over the past decade, Fukuda's Cyclically Adjusted PB Ratio has ranged from 0.57 to 1.71. According to the industry distribution chart, Fukuda ranks #588 out of 1337 companies in the Construction industry, placing it in the top 44%.
Is Fukuda's Cyclically Adjusted PB Ratio too high?
Fukuda's current Cyclically Adjusted PB Ratio of 1.04 is 27% above median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.71. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Fukuda's value of 1.04 is 10.3% below this industry median. Based on the distribution chart, Fukuda ranks #588 out of 1337 companies in the Construction industry, which is above the industry midpoint. Overall, Fukuda has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fukuda's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Fukuda ranks #588 out of 1337 companies for Cyclically Adjusted PB Ratio. This puts Fukuda in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Fukuda's value of 1.04 is 10.3% below this benchmark. Historically, Fukuda's own Cyclically Adjusted PB Ratio has ranged from 0.57 to 1.71 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 1.16, Fukuda 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 1.16, based on 1,337 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. Fukuda's current Cyclically Adjusted PB Ratio of 1.04 is 10.3% 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 Fukuda and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fukuda's current Cyclically Adjusted PB Ratio is 1.04, which is 27% above median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukuda stock overvalued right now?
Based on GuruFocus' analysis, Fukuda (TSE:1899) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,251.46, compared to a current price of 円4,790.00 — trading 112.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.04, which is 27% above median its 10-year median of 0.82 and 10.3% below the Construction industry median of 1.16. Fukuda's overall GF Score™ is 47/100 with 7 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 Fukuda (TSE:1899), the current Cyclically Adjusted PB Ratio is 1.04 as of Aug. 12, 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 Fukuda (TSE:1899) Overvalued in 2026?

Based on GuruFocus' analysis, Fukuda stock appears to be overvalued. The current stock price of 円4,790.00 is trading 112.8% above its estimated GF Value™ of 円2,251.46. GuruFocus considers Fukuda to be Significantly Overvalued.

Key valuation signals for TSE:1899:

  • Cyclically Adjusted PB Ratio: 1.04 (27% above median its 10-year median of 0.82)
  • GF Value™: 円2,251.46 vs. price of 円4,790.00 (112.8% above fair value)
  • GF Score™: 47/100 with 7 warning signs
  • Industry Position: 10.3% below the Construction median (#588 of 1337)

No single metric tells the full story. See the TSE:1899 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fukuda Business Description

Address 11-2, Akashi-cho, Chuo-ku, Niigata, JPN, 104-0044
Fukuda Corporation is a construction company that develops infrastructure in Japan. Its projects range from railways to ports, harbors, energy facilities, and roadways. The company's activities include construction work contracting, planning, design, administrative supervision, and consulting; sale, exchange, lease, intermediation, and management of real estate; construction and sale of residential properties; and reclamation and sale of land. It also processes, sells and leases materials for construction, equipment, and machinery.
47GF Score

Get the complete analysis for TSE:1899

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

円4,790.00
Price
円2,251.46
GF Value