Takahashi Curtain Wall (TSE:1994) Cyclically Adjusted PB Ratio: 0.47 (As of Aug. 10, 2026) — 23% Below Median

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TSE:1994 Takahashi Curtain Wall Corp TSE:1994
69 GF Score
Price 円556.00
GF Value 円520.41
Valuation Fairly Valued
! 4 Warning Signs
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What is Takahashi Curtain Wall Cyclically Adjusted PB Ratio?

Takahashi Curtain Wall TSE:1994 -0.71% 69 Cyclically Adjusted PB Ratio is 0.47 as of Aug. 10, 2026, which is 23% below its 10-year median of 0.61. GuruFocus rates TSE:1994 with a GF Score™ of 69/100 and a GF Value™ of 円520.41 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,343 Construction companies, Takahashi Curtain Wall ranks better than 79.82% on this metric.

As of today (2026-08-10), Takahashi Curtain Wall's current share price is 円556.00. Takahashi Curtain Wall's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円1,181.19. Takahashi Curtain Wall's Cyclically Adjusted PB Ratio for today is 0.47.

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

TSE:1994' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.61   Max: 1.3
Current: 0.47

During the past years, Takahashi Curtain Wall's highest Cyclically Adjusted PB Ratio was 1.30. The lowest was 0.43. And the median was 0.61.

TSE:1994's Cyclically Adjusted PB Ratio is ranked better than
79.82% of 1343 companies
in the Construction industry
Industry Median: 1.17 vs TSE:1994: 0.47

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.

Takahashi Curtain Wall's adjusted book value per share data for the three months ended in Dec. 2025 was 円1,362.548. 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1,181.19 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Takahashi Curtain Wall  (TSE:1994) 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.


Takahashi Curtain Wall Cyclically Adjusted PB Ratio Related Terms


Takahashi Curtain Wall Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Takahashi Curtain Wall'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.

Takahashi Curtain Wall Cyclically Adjusted PB Ratio Chart

Takahashi Curtain Wall 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 0.87 0.55 0.50 0.53 0.44

Takahashi Curtain Wall Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.45 0.42 0.44 0.44 0.00

TSE:1994 vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Takahashi Curtain Wall'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.


Takahashi Curtain Wall Cyclically Adjusted PB Ratio vs Construction Industry

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

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


TSE:1994
69GF Score
Takahashi Curtain Wall Corp TSE:1994
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Takahashi Curtain Wall 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.

Takahashi Curtain Wall's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=556.00/1181.19
=0.47

* 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.

Takahashi Curtain Wall's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Takahashi Curtain Wall's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1362.548/113.0000*113.0000
=1,362.548

Current CPI (Dec. 2025) = 113.0000.

Takahashi Curtain Wall Quarterly Data

Book Value per Share CPI Adj_Book
201512 639.192 98.100 736.276
201603 668.427 97.900 771.525
201606 721.044 98.100 830.560
201609 720.987 98.000 831.342
201612 781.411 98.400 897.352
201703 791.752 98.100 912.008
201706 813.504 98.500 933.258
201709 814.708 98.800 931.802
201712 851.019 99.400 967.456
201803 848.751 99.200 966.823
201806 889.376 99.200 1,013.100
201809 876.384 99.900 991.305
201812 912.134 99.700 1,033.813
201903 918.031 99.700 1,040.497
201906 1,003.117 99.800 1,135.794
201909 1,039.638 100.100 1,173.617
201912 1,029.880 100.500 1,157.975
202003 1,052.242 100.300 1,185.477
202006 1,059.861 99.900 1,198.842
202009 1,089.780 99.900 1,232.684
202012 1,115.267 99.300 1,269.136
202103 1,203.121 99.900 1,360.888
202106 1,217.589 99.500 1,382.790
202109 1,230.285 100.100 1,388.833
202112 1,250.231 100.100 1,411.350
202203 1,255.687 101.100 1,403.488
202206 1,251.361 101.800 1,389.035
202209 1,250.365 103.100 1,370.429
202212 1,252.555 104.100 1,359.642
202303 1,246.112 104.400 1,348.761
202306 1,275.713 105.200 1,370.300
202309 1,274.430 106.200 1,356.032
202312 1,293.198 106.800 1,368.271
202403 1,301.897 107.200 1,372.335
202406 1,327.246 108.200 1,386.126
202412 1,342.565 110.700 1,370.459
202503 1,325.446 111.100 1,348.113
202506 1,328.401 111.700 1,343.861
202509 1,331.682 112.000 1,343.572
202512 1,362.548 113.000 1,362.548

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 0.47 mean?
Takahashi Curtain Wall (TSE:1994) has a Cyclically Adjusted PB Ratio of 0.47 as of Aug. 10, 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 Takahashi Curtain Wall and its competitors. This is 23% below median its historical median of 0.61. Over the past decade, Takahashi Curtain Wall's Cyclically Adjusted PB Ratio has ranged from 0.43 to 1.30. According to the industry distribution chart, Takahashi Curtain Wall ranks #271 out of 1343 companies in the Construction industry, placing it in the top 20.2%.
Is Takahashi Curtain Wall's Cyclically Adjusted PB Ratio too high?
Takahashi Curtain Wall's current Cyclically Adjusted PB Ratio of 0.47 is 23% below median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.30. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. Takahashi Curtain Wall's value of 0.47 is 59.8% below this industry median. Based on the distribution chart, Takahashi Curtain Wall ranks #271 out of 1343 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Takahashi Curtain Wall has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Takahashi Curtain Wall's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Takahashi Curtain Wall ranks #271 out of 1343 companies for Cyclically Adjusted PB Ratio. This places Takahashi Curtain Wall in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.17. Takahashi Curtain Wall's value of 0.47 is 59.8% below this benchmark. Historically, Takahashi Curtain Wall's own Cyclically Adjusted PB Ratio has ranged from 0.43 to 1.30 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 1.17, Takahashi Curtain Wall 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 1.17, based on 1,343 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. Takahashi Curtain Wall's current Cyclically Adjusted PB Ratio of 0.47 is 59.8% 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 Takahashi Curtain Wall and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Takahashi Curtain Wall's current Cyclically Adjusted PB Ratio is 0.47, which is 23% below median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Takahashi Curtain Wall stock overvalued right now?
Based on GuruFocus' analysis, Takahashi Curtain Wall (TSE:1994) is currently considered Fairly Valued. The stock's GF Value™ is 円520.41, compared to a current price of 円556.00 — trading 6.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.47, which is 23% below median its 10-year median of 0.61 and 59.8% below the Construction industry median of 1.17. Takahashi Curtain Wall's overall GF Score™ is 69/100 with 4 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 Takahashi Curtain Wall (TSE:1994), the current Cyclically Adjusted PB Ratio is 0.47 as of Aug. 10, 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 Takahashi Curtain Wall (TSE:1994) Overvalued in 2026?

Based on GuruFocus' analysis, Takahashi Curtain Wall stock appears to be overvalued. The current stock price of 円556.00 is trading 6.8% above its estimated GF Value™ of 円520.41. GuruFocus considers Takahashi Curtain Wall to be Fairly Valued.

Key valuation signals for TSE:1994:

  • Cyclically Adjusted PB Ratio: 0.47 (23% below median its 10-year median of 0.61)
  • GF Value™: 円520.41 vs. price of 円556.00 (6.8% above fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 59.8% below the Construction median (#271 of 1343)

No single metric tells the full story. See the TSE:1994 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Takahashi Curtain Wall Business Description

Address No. 5 No. 4, Nihonbashi Honcho Chuo- ku, Chuo-ku, Tokyo, JPN, 103-0023
Takahashi Curtain Wall Corp manufactures and constructs curtain walls for building structures. It offers precast concrete (PC) curtain walls, ultra-lightweight curtain walls, colored concrete walls, and PC external insulation curtain wall.
69GF Score

Get the complete analysis for TSE:1994

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

円556.00
Price
円520.41
GF Value