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Tomen DevicesTSE:2737 +5.97%68 Cyclically Adjusted PB Ratio is 5.25 as of Aug. 26, 2026, which is 382% above its 10-year median of 1.09. GuruFocus rates TSE:2737 with a GF Score™ of 68/100 and a GF Value™ of 円10,464.66 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 723 Semiconductors companies, Tomen Devices ranks worse than 62.66% on this metric.
The historical rank and industry rank for Tomen Devices's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:2737'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63 Med: 1.09 Max: 5.16
Current: 4.66
During the past 13 years, Tomen Devices's highest Cyclically Adjusted PB Ratio was 5.16. The lowest was 0.63. And the median was 1.09.
TSE:2737's Cyclically Adjusted PB Ratio is ranked worse than 62.66% of 723
companies
in the Semiconductors industry
Industry Median: 3.16
vs TSE:2737: 4.66
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.
Tomen Devices's adjusted book value per share data of for the fiscal year that ended in Mar26 was 円8,710.043. 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6,081.90 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tomen Devices (TSE:2737) 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.
Tomen Devices Cyclically Adjusted PB Ratio Related Terms
Tomen Devices Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Tomen Devices'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.
TSE:2737 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison
For the Semiconductors subindustry, Tomen Devices'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.
Tomen Devices Cyclically Adjusted PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tomen Devices's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Tomen Devices's Cyclically Adjusted PB Ratio falls into.
Tomen Devices 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.
Tomen Devices's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 5.25 mean?
Tomen Devices (TSE:2737) has a Cyclically Adjusted PB Ratio of 5.25 as of Aug. 26, 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 Tomen Devices and its competitors. This is 382% above median its historical median of 1.09. Over the past decade, Tomen Devices' Cyclically Adjusted PB Ratio has ranged from 0.63 to 5.16. According to the industry distribution chart, Tomen Devices ranks #453 out of 723 companies in the Semiconductors industry, placing it in the top 62.7%.
Is Tomen Devices' Cyclically Adjusted PB Ratio too high?
Tomen Devices' current Cyclically Adjusted PB Ratio of 5.25 is 382% above median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 5.16. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.16. Tomen Devices' value of 5.25 is 66.1% above this industry median. Based on the distribution chart, Tomen Devices ranks #453 out of 723 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Tomen Devices has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tomen Devices' Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Tomen Devices ranks #453 out of 723 companies for Cyclically Adjusted PB Ratio. This places Tomen Devices in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.16. Tomen Devices' value of 5.25 is 66.1% above this benchmark. Historically, Tomen Devices' own Cyclically Adjusted PB Ratio has ranged from 0.63 to 5.16 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 3.16, Tomen Devices has consistently been above 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.16, based on 723 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. Tomen Devices's current Cyclically Adjusted PB Ratio of 5.25 is 66.1% above 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 Tomen Devices and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomen Devices's current Cyclically Adjusted PB Ratio is 5.25, which is 382% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomen Devices stock overvalued right now?
Based on GuruFocus' analysis, Tomen Devices (TSE:2737) is currently considered Significantly Overvalued. The stock's GF Value™ is 円10,464.66, compared to a current price of 円31,950.00 — trading 205.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.25, which is 382% above median its 10-year median of 1.09 and 66.1% above the Semiconductors industry median of 3.16. Tomen Devices' overall GF Score™ is 68/100 with 11 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 Tomen Devices (TSE:2737), the current Cyclically Adjusted PB Ratio is 5.25 as of Aug. 26, 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 Tomen Devices (TSE:2737) Overvalued in 2026?
Based on GuruFocus' analysis, Tomen Devices stock appears to be overvalued.
The current stock price of 円31,950.00 is trading 205.3% above its estimated GF Value™ of 円10,464.66.
GuruFocus considers Tomen Devices to be Significantly Overvalued.
Key valuation signals for TSE:2737:
Cyclically Adjusted PB Ratio: 5.25 (382% above median its 10-year median of 1.09)
GF Value™: 円10,464.66 vs. price of 円31,950.00 (205.3% above fair value)
Industry Position: 66.1% above the Semiconductors median (#453 of 723)
No single metric tells the full story. See the TSE:2737 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomen Devices Corp is a Japan-based company operating in the semiconductor sector. The company is mainly engaged in the production and sales of semiconductors and electronic parts. It offers memory products, system large scale integration (LSI) products, thin film transistor (TFT), liquid crystal panels and fluorescent display tubes.
68GF Score
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