Furubayashi Shiko Co (TSE:3944) Cyclically Adjusted PB Ratio: 0.36 (As of Aug. 08, 2026) — Near Median

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TSE:3944 Furubayashi Shiko Co Ltd TSE:3944
53 GF Score
Price 円2,899.00
GF Value 円2,086.01
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Furubayashi Shiko Co Cyclically Adjusted PB Ratio?

Furubayashi Shiko Co TSE:3944 +1.72% 53 Cyclically Adjusted PB Ratio is 0.36 as of Aug. 08, 2026, which is 9% above its 10-year median of 0.33. GuruFocus rates TSE:3944 with a GF Score™ of 53/100 and a GF Value™ of 円2,086.01 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 312 Packaging & Containers companies, Furubayashi Shiko Co ranks better than 89.42% on this metric.

As of today (2026-08-08), Furubayashi Shiko Co's current share price is 円2899.00. Furubayashi Shiko Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円8,108.99. Furubayashi Shiko Co's Cyclically Adjusted PB Ratio for today is 0.36.

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

TSE:3944' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.33   Max: 0.75
Current: 0.31

During the past years, Furubayashi Shiko Co's highest Cyclically Adjusted PB Ratio was 0.75. The lowest was 0.24. And the median was 0.33.

TSE:3944's Cyclically Adjusted PB Ratio is ranked better than
89.42% of 312 companies
in the Packaging & Containers industry
Industry Median: 1.1 vs TSE:3944: 0.31

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.

Furubayashi Shiko Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円9,015.230. 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8,108.99 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Furubayashi Shiko Co  (TSE:3944) 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.


Furubayashi Shiko Co Cyclically Adjusted PB Ratio Related Terms


Furubayashi Shiko Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Furubayashi Shiko 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.

Furubayashi Shiko Co Cyclically Adjusted PB Ratio Chart

Furubayashi Shiko Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.28 0.33 0.24 0.29

Furubayashi Shiko Co 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 0.27 0.26 0.29 0.29 0.00

TSE:3944 vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Furubayashi Shiko 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.


Furubayashi Shiko Co Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Furubayashi Shiko Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3944
53GF Score
Furubayashi Shiko Co Ltd TSE:3944
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Furubayashi Shiko 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.

Furubayashi Shiko Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2899.00/8108.99
=0.36

* 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.

Furubayashi Shiko Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Furubayashi Shiko Co'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)
=9015.23/113.0000*113.0000
=9,015.230

Current CPI (Dec. 2025) = 113.0000.

Furubayashi Shiko Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 5,834.746 98.100 6,720.961
201603 6,075.989 97.900 7,013.144
201606 6,046.211 98.100 6,964.545
201609 5,804.067 98.000 6,692.445
201612 5,853.050 98.400 6,721.490
201703 6,351.212 98.100 7,315.871
201706 6,583.022 98.500 7,552.096
201709 6,596.082 98.800 7,544.102
201712 7,133.396 99.400 8,109.394
201803 7,309.971 99.200 8,326.882
201806 7,522.388 99.200 8,568.849
201809 7,721.082 99.900 8,733.556
201812 7,528.918 99.700 8,533.277
201903 7,599.975 99.700 8,613.813
201906 7,476.147 99.800 8,464.976
201909 7,505.505 100.100 8,472.748
201912 7,961.104 100.500 8,951.291
202003 7,857.929 100.300 8,852.901
202006 7,606.783 99.900 8,604.269
202009 7,456.462 99.900 8,434.236
202012 7,459.973 99.300 8,489.194
202103 7,294.118 99.900 8,250.604
202106 7,189.140 99.500 8,164.551
202109 7,239.782 100.100 8,172.781
202112 7,087.995 100.100 8,001.433
202203 6,871.468 101.100 7,680.276
202206 7,048.314 101.800 7,823.767
202209 7,268.915 103.100 7,966.900
202212 7,110.763 104.100 7,718.696
202303 7,141.569 104.400 7,729.859
202306 7,444.545 105.200 7,996.517
202309 7,739.405 106.200 8,234.960
202312 7,819.288 106.800 8,273.217
202403 7,833.183 107.200 8,256.993
202406 8,280.749 108.200 8,648.102
202412 8,436.060 110.700 8,611.335
202503 8,565.297 111.100 8,711.778
202506 8,555.455 111.700 8,655.026
202509 8,689.811 112.000 8,767.399
202512 9,015.230 113.000 9,015.230

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 0.36 mean?
Furubayashi Shiko Co (TSE:3944) has a Cyclically Adjusted PB Ratio of 0.36 as of Aug. 08, 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 Furubayashi Shiko Co and its competitors. This is near median its historical median of 0.33. Over the past decade, Furubayashi Shiko Co's Cyclically Adjusted PB Ratio has ranged from 0.24 to 0.75. According to the industry distribution chart, Furubayashi Shiko Co ranks #33 out of 312 companies in the Packaging & Containers industry, placing it in the top 10.6%.
Is Furubayashi Shiko Co's Cyclically Adjusted PB Ratio too high?
Furubayashi Shiko Co's current Cyclically Adjusted PB Ratio of 0.36 is near median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.75. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.10. Furubayashi Shiko Co's value of 0.36 is 67.3% below this industry median. Based on the distribution chart, Furubayashi Shiko Co ranks #33 out of 312 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Furubayashi Shiko Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Furubayashi Shiko Co's Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Furubayashi Shiko Co ranks #33 out of 312 companies for Cyclically Adjusted PB Ratio. This places Furubayashi Shiko Co in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.10. Furubayashi Shiko Co's value of 0.36 is 67.3% below this benchmark. Historically, Furubayashi Shiko Co's own Cyclically Adjusted PB Ratio has ranged from 0.24 to 0.75 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 1.10, Furubayashi Shiko 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 a Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.10, based on 312 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. Furubayashi Shiko Co's current Cyclically Adjusted PB Ratio of 0.36 is 67.3% 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 Furubayashi Shiko Co and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Furubayashi Shiko Co's current Cyclically Adjusted PB Ratio is 0.36, which is near median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Furubayashi Shiko Co stock overvalued right now?
Based on GuruFocus' analysis, Furubayashi Shiko Co (TSE:3944) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,086.01, compared to a current price of 円2,899.00 — trading 39% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.36, which is near median its 10-year median of 0.33 and 67.3% below the Packaging & Containers industry median of 1.10. Furubayashi Shiko Co's overall GF Score™ is 53/100 with 6 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 Furubayashi Shiko Co (TSE:3944), the current Cyclically Adjusted PB Ratio is 0.36 as of Aug. 08, 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 Furubayashi Shiko Co (TSE:3944) Overvalued in 2026?

Based on GuruFocus' analysis, Furubayashi Shiko Co stock appears to be overvalued. The current stock price of 円2,899.00 is trading 39% above its estimated GF Value™ of 円2,086.01. GuruFocus considers Furubayashi Shiko Co to be Significantly Overvalued.

Key valuation signals for TSE:3944:

  • Cyclically Adjusted PB Ratio: 0.36 (near median its 10-year median of 0.33)
  • GF Value™: 円2,086.01 vs. price of 円2,899.00 (39% above fair value)
  • GF Score™: 53/100 with 6 warning signs
  • Industry Position: 67.3% below the Packaging & Containers median (#33 of 312)

No single metric tells the full story. See the TSE:3944 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Furubayashi Shiko Co Business Description

Address Otedori 3-1-12, Yubinbango, Chuo-ku, Osaka, JPN, 5400021
Furubayashi Shiko Co Ltd is a Japan based manufacturer of printed paper products such as printed paperboard containers for packaging food, liquors, and detergents. The products offered by the company are paper cartons, containers, roll-up packaging materials, labels and other packaging materials, packaging systems, contracts, and others.
53GF Score

Get the complete analysis for TSE:3944

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

円2,899.00
Price
円2,086.01
GF Value