Grems (TSE:3150) Cyclically Adjusted PB Ratio: 6.48 (As of Aug. 13, 2026) — 35% Below Median

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TSE:3150 Grems Inc TSE:3150
93 GF Score
Price 円2,462.00
GF Value 円2,634.06
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Grems Cyclically Adjusted PB Ratio?

Grems TSE:3150 -0.53% 93 Cyclically Adjusted PB Ratio is 6.48 as of Aug. 13, 2026, which is 35% below its 10-year median of 10.01. GuruFocus rates TSE:3150 with a GF Score™ of 93/100 and a GF Value™ of 円2,634.06 (Fairly Valued). The stock has 2 warning signs investors should review. Among 433 Utilities - Regulated companies, Grems ranks worse than 96.3% on this metric.

As of today (2026-08-13), Grems's current share price is 円2462.00. Grems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円379.98. Grems's Cyclically Adjusted PB Ratio for today is 6.48.

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

TSE:3150' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.21   Med: 10.01   Max: 23.67
Current: 6.51

During the past years, Grems's highest Cyclically Adjusted PB Ratio was 23.67. The lowest was 6.21. And the median was 10.01.

TSE:3150's Cyclically Adjusted PB Ratio is ranked worse than
96.3% of 433 companies
in the Utilities - Regulated industry
Industry Median: 1.51 vs TSE:3150: 6.51

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.

Grems's adjusted book value per share data for the three months ended in Mar. 2026 was 円845.810. 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379.98 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grems  (TSE:3150) 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.


Grems Cyclically Adjusted PB Ratio Related Terms


Grems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grems'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.

Grems Cyclically Adjusted PB Ratio Chart

Grems 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 14.41 12.31 9.19 7.59 7.22

Grems 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 7.28 7.12 6.96 7.22 0.00

TSE:3150 vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Grems'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.


Grems Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Grems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3150
93GF Score
Grems Inc TSE:3150
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grems 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2462.00/379.98
=6.48

* 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.

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

For example, Grems'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)
=845.81/112.7000*112.7000
=845.810

Current CPI (Mar. 2026) = 112.7000.

Grems Quarterly Data

Book Value per Share CPI Adj_Book
201606 107.113 98.100 123.054
201609 116.353 98.000 133.806
201612 121.458 98.400 139.109
201703 126.250 98.100 145.040
201706 130.330 98.500 149.119
201709 138.475 98.800 157.957
201712 143.421 99.400 162.611
201803 149.551 99.200 169.903
201806 156.023 99.200 177.256
201809 165.994 99.900 187.263
201812 161.659 99.700 182.738
201903 170.340 99.700 192.551
201906 181.569 99.800 205.038
201909 195.510 100.100 220.120
201912 212.328 100.500 238.103
202003 227.485 100.300 255.609
202006 247.826 99.900 279.579
202009 268.542 99.900 302.950
202012 285.411 99.300 323.926
202103 264.250 99.900 298.108
202106 290.010 99.500 328.484
202109 318.143 100.100 358.189
202112 339.988 100.100 382.784
202203 349.812 101.100 389.949
202206 349.152 101.800 386.537
202209 370.612 103.100 405.121
202212 419.516 104.100 454.173
202303 436.729 104.400 471.450
202306 478.062 105.200 512.144
202309 517.157 106.200 548.810
202312 544.565 106.800 574.649
202403 562.362 107.200 591.215
202406 580.599 108.200 604.746
202409 632.119 108.900 654.176
202412 662.612 110.700 674.583
202503 705.960 111.100 716.127
202506 699.370 111.700 705.631
202509 755.285 112.000 760.006
202512 792.829 113.000 790.724
202603 845.810 112.700 845.810

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 6.48 mean?
Grems (TSE:3150) has a Cyclically Adjusted PB Ratio of 6.48 as of Aug. 13, 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 Grems and its competitors. This is 35% below median its historical median of 10.01. Over the past decade, Grems' Cyclically Adjusted PB Ratio has ranged from 6.21 to 23.67. According to the industry distribution chart, Grems ranks #417 out of 433 companies in the Utilities - Regulated industry, placing it in the top 96.3%.
Is Grems' Cyclically Adjusted PB Ratio too high?
Grems' current Cyclically Adjusted PB Ratio of 6.48 is 35% below median its 10-year median of 10.01. Over the past 10 years, this metric has ranged from a low of 6.21 to a high of 23.67. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.51. Grems' value of 6.48 is 329.1% above this industry median. Based on the distribution chart, Grems ranks #417 out of 433 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Grems has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grems' Cyclically Adjusted PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Grems ranks #417 out of 433 companies for Cyclically Adjusted PB Ratio. This places Grems in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Grems' value of 6.48 is 329.1% above this benchmark. Historically, Grems' own Cyclically Adjusted PB Ratio has ranged from 6.21 to 23.67 over the past decade. While the company's 10-year median is 10.01 vs. the industry median of 1.51, Grems 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 an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.51, based on 433 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. Grems's current Cyclically Adjusted PB Ratio of 6.48 is 329.1% 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 Grems and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grems's current Cyclically Adjusted PB Ratio is 6.48, which is 35% below median its own 10-year median of 10.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grems stock overvalued right now?
Based on GuruFocus' analysis, Grems (TSE:3150) is currently considered Fairly Valued. The stock's GF Value™ is 円2,634.06, compared to a current price of 円2,462.00 — trading 6.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.48, which is 35% below median its 10-year median of 10.01 and 329.1% above the Utilities - Regulated industry median of 1.51. Grems' overall GF Score™ is 93/100 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 Grems (TSE:3150), the current Cyclically Adjusted PB Ratio is 6.48 as of Aug. 13, 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 Grems (TSE:3150) Overvalued in 2026?

Based on GuruFocus' analysis, Grems stock appears to be undervalued. The current stock price of 円2,462.00 is trading 6.5% below its estimated GF Value™ of 円2,634.06. GuruFocus considers Grems to be Fairly Valued.

Key valuation signals for TSE:3150:

  • Cyclically Adjusted PB Ratio: 6.48 (35% below median its 10-year median of 10.01)
  • GF Value™: 円2,634.06 vs. price of 円2,462.00 (6.5% below fair value)
  • GF Score™: 93/100 with 2 warning signs
  • Industry Position: 329.1% above the Utilities - Regulated median (#417 of 433)

No single metric tells the full story. See the TSE:3150 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grems Business Description

Other Exchanges GRMZF:USA
Address 2-2-4 Higashi-Shinagawa, Tennoz First Tower, 19th Floor, Shinagawa-Ku, Tokyo, JPN, 140-0002
Grems Inc is engaged in providing consulting services to help businesses reduce their electric power consumption through its subsidiary. Its segments are Energy Cost Solutions Business; Smart House Project Business; and Retail Electricity Business, which derives maximum revenue.
93GF Score

Get the complete analysis for TSE:3150

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

円2,462.00
Price
円2,634.06
GF Value