Chugai Ro Co (TSE:1964) Cyclically Adjusted PB Ratio: 1.26 (As of Aug. 21, 2026) — 64% Above Median

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TSE:1964 Chugai Ro Co Ltd TSE:1964
76 GF Score
Price 円4,055.00
GF Value 円4,091.06
Valuation Fairly Valued
! 2 Warning Signs
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What is Chugai Ro Co Cyclically Adjusted PB Ratio?

Chugai Ro Co TSE:1964 +0.12% 76 Cyclically Adjusted PB Ratio is 1.26 as of Aug. 21, 2026, which is 64% above its 10-year median of 0.77. GuruFocus rates TSE:1964 with a GF Score™ of 76/100 and a GF Value™ of 円4,091.06 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,159 Industrial Products companies, Chugai Ro Co ranks better than 66.98% on this metric.

As of today (2026-08-21), Chugai Ro Co's current share price is 円4055.00. Chugai Ro Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円3,219.21. Chugai Ro Co's Cyclically Adjusted PB Ratio for today is 1.26.

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

TSE:1964' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.77   Max: 1.62
Current: 1.26

During the past years, Chugai Ro Co's highest Cyclically Adjusted PB Ratio was 1.62. The lowest was 0.47. And the median was 0.77.

TSE:1964's Cyclically Adjusted PB Ratio is ranked better than
66.98% of 2159 companies
in the Industrial Products industry
Industry Median: 2.14 vs TSE:1964: 1.26

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.

Chugai Ro Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円4,311.040. 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3,219.21 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chugai Ro Co  (TSE:1964) 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.


Chugai Ro Co Cyclically Adjusted PB Ratio Related Terms


Chugai Ro Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chugai Ro 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.

Chugai Ro Co Cyclically Adjusted PB Ratio Chart

Chugai Ro 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 0.61 0.67 1.07 1.21 1.28

Chugai Ro 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 1.12 1.39 1.37 1.28 0.00

TSE:1964 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Chugai Ro 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.


Chugai Ro Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chugai Ro Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:1964
76GF Score
Chugai Ro Co Ltd TSE:1964
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chugai Ro 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.

Chugai Ro Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4055.00/3219.21
=1.26

* 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.

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

For example, Chugai Ro 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)
=4311.04/112.7000*112.7000
=4,311.040

Current CPI (Mar. 2026) = 112.7000.

Chugai Ro Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 2,478.736 97.900 2,853.458
201606 2,353.591 98.100 2,703.871
201609 2,384.556 98.000 2,742.239
201612 2,445.972 98.400 2,801.433
201703 2,607.684 98.100 2,995.780
201706 2,495.502 98.500 2,855.260
201709 2,553.457 98.800 2,912.698
201712 2,624.004 99.400 2,975.103
201803 2,716.710 99.200 3,086.424
201806 2,627.892 99.200 2,985.518
201809 2,697.815 99.900 3,043.481
201812 2,614.651 99.700 2,955.578
201903 2,718.323 99.700 3,072.768
201906 2,635.369 99.800 2,976.013
201909 2,702.826 100.100 3,043.042
201912 2,773.538 100.500 3,110.226
202003 2,681.558 100.300 3,013.077
202006 2,610.706 99.900 2,945.211
202009 2,605.236 99.900 2,939.040
202012 2,599.635 99.300 2,950.442
202103 2,823.890 99.900 3,185.710
202106 2,700.274 99.500 3,058.501
202109 2,747.427 100.100 3,093.257
202112 2,767.748 100.100 3,116.136
202203 3,005.081 101.100 3,349.878
202206 2,869.840 101.800 3,177.121
202209 2,881.841 103.100 3,150.179
202212 2,942.107 104.100 3,185.163
202303 3,146.795 104.400 3,396.971
202306 3,204.515 105.200 3,432.974
202309 3,307.775 106.200 3,510.228
202312 3,301.318 106.800 3,483.694
202403 3,709.000 107.200 3,899.294
202406 0.000 108.200 0.000
202409 3,560.959 108.900 3,685.217
202503 3,858.739 111.100 3,914.310
202506 3,717.325 111.700 3,750.605
202509 3,884.897 112.000 3,909.178
202512 3,989.637 113.000 3,979.045
202603 4,311.040 112.700 4,311.040

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 1.26 mean?
Chugai Ro Co (TSE:1964) has a Cyclically Adjusted PB Ratio of 1.26 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 Chugai Ro Co and its competitors. This is 64% above median its historical median of 0.77. Over the past decade, Chugai Ro Co's Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.62. According to the industry distribution chart, Chugai Ro Co ranks #713 out of 2159 companies in the Industrial Products industry, placing it in the top 33%.
Is Chugai Ro Co's Cyclically Adjusted PB Ratio too high?
Chugai Ro Co's current Cyclically Adjusted PB Ratio of 1.26 is 64% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.62. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.14. Chugai Ro Co's value of 1.26 is 41.1% below this industry median. Based on the distribution chart, Chugai Ro Co ranks #713 out of 2159 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Chugai Ro Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chugai Ro Co's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Chugai Ro Co ranks #713 out of 2159 companies for Cyclically Adjusted PB Ratio. This puts Chugai Ro Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.14. Chugai Ro Co's value of 1.26 is 41.1% below this benchmark. Historically, Chugai Ro Co's own Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.62 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 2.14, Chugai Ro 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.14, based on 2,159 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. Chugai Ro Co's current Cyclically Adjusted PB Ratio of 1.26 is 41.1% 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 Chugai Ro Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chugai Ro Co's current Cyclically Adjusted PB Ratio is 1.26, which is 64% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chugai Ro Co stock overvalued right now?
Based on GuruFocus' analysis, Chugai Ro Co (TSE:1964) is currently considered Fairly Valued. The stock's GF Value™ is 円4,091.06, compared to a current price of 円4,055.00 — trading 0.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.26, which is 64% above median its 10-year median of 0.77 and 41.1% below the Industrial Products industry median of 2.14. Chugai Ro Co's overall GF Score™ is 76/100 with 2 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 Chugai Ro Co (TSE:1964), the current Cyclically Adjusted PB Ratio is 1.26 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 Chugai Ro Co (TSE:1964) Overvalued in 2026?

Based on GuruFocus' analysis, Chugai Ro Co stock appears to be undervalued. The current stock price of 円4,055.00 is trading 0.9% below its estimated GF Value™ of 円4,091.06. GuruFocus considers Chugai Ro Co to be Fairly Valued.

Key valuation signals for TSE:1964:

  • Cyclically Adjusted PB Ratio: 1.26 (64% above median its 10-year median of 0.77)
  • GF Value™: 円4,091.06 vs. price of 円4,055.00 (0.9% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 41.1% below the Industrial Products median (#713 of 2159)

No single metric tells the full story. See the TSE:1964 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chugai Ro Co Business Description

Address 3-6-1 Hiranomachi, Chuo-ku, Osaka, JPN, 541-0046
Chugai Ro Co Ltd is engaged in the development of technologies in the thermal technology field. The company operates through three segments namely Energy, Environmental preservation, and Information or communications. It offers various products including heat treatment furnaces for automobile machine parts, steel and nonferrous-metal heating furnaces, gas burner, film coating and drying equipment and environmental equipment and others.
76GF Score

Get the complete analysis for TSE:1964

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

円4,055.00
Price
円4,091.06
GF Value