Cluster Technology Co (TSE:4240) Cyclically Adjusted PB Ratio: 1.17 (As of Aug. 09, 2026) — 19% Below Median

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TSE:4240 Cluster Technology Co Ltd TSE:4240
73 GF Score
Price 円312.00
GF Value 円442.39
Valuation Modestly Undervalued
View Full Analysis

What is Cluster Technology Co Cyclically Adjusted PB Ratio?

Cluster Technology Co TSE:4240 73 Cyclically Adjusted PB Ratio is 1.17 as of Aug. 09, 2026, which is 19% below its 10-year median of 1.44. GuruFocus rates TSE:4240 with a GF Score™ of 73/100 and a GF Value™ of 円442.39 (Modestly Undervalued). Among 1,968 Hardware companies, Cluster Technology Co ranks better than 66.72% on this metric.

As of today (2026-08-09), Cluster Technology Co's current share price is 円312.00. Cluster Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円267.26. Cluster Technology Co's Cyclically Adjusted PB Ratio for today is 1.17.

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

TSE:4240' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.44   Max: 2.6
Current: 1.17

During the past years, Cluster Technology Co's highest Cyclically Adjusted PB Ratio was 2.60. The lowest was 0.80. And the median was 1.44.

TSE:4240's Cyclically Adjusted PB Ratio is ranked better than
66.72% of 1968 companies
in the Hardware industry
Industry Median: 2 vs TSE:4240: 1.17

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.

Cluster Technology Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円308.167. 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267.26 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cluster Technology Co  (TSE:4240) 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.


Cluster Technology Co Cyclically Adjusted PB Ratio Related Terms


Cluster Technology Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cluster Technology 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.

Cluster Technology Co Cyclically Adjusted PB Ratio Chart

Cluster Technology 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 1.40 1.37 1.30 0.95 1.38

Cluster Technology Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 0.95 1.11 1.38 1.12 1.38

TSE:4240 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Cluster Technology 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.


Cluster Technology Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Cluster Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:4240
73GF Score
Cluster Technology Co Ltd TSE:4240
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cluster Technology 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.

Cluster Technology Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=312.00/267.26
=1.17

* 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.

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

For example, Cluster Technology 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)
=308.167/112.7000*112.7000
=308.167

Current CPI (Mar. 2026) = 112.7000.

Cluster Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 247.518 98.100 284.356
201603 222.163 97.900 255.748
201606 216.374 98.100 248.576
201609 216.772 98.000 249.288
201612 214.403 98.400 245.561
201703 211.743 98.100 243.256
201706 216.695 98.500 247.934
201709 217.273 98.800 247.841
201712 218.608 99.400 247.858
201803 218.969 99.200 248.768
201806 220.389 99.200 250.381
201809 220.716 99.900 248.996
201812 221.677 99.700 250.582
201903 222.633 99.700 251.662
201906 219.734 99.800 248.136
201909 221.469 100.100 249.346
201912 223.366 100.500 250.481
202003 226.203 100.300 254.168
202006 222.698 99.900 251.232
202009 223.419 99.900 252.045
202012 227.552 99.300 258.259
202103 231.765 99.900 261.461
202106 235.646 99.500 266.908
202109 239.349 100.100 269.477
202112 245.541 100.100 276.448
202203 251.960 101.100 280.869
202206 252.404 101.800 279.430
202209 254.506 103.100 278.204
202212 254.040 104.100 275.027
202303 262.374 104.400 283.233
202306 265.309 105.200 284.224
202309 267.039 106.200 283.383
202312 268.568 106.800 283.405
202403 272.449 107.200 286.427
202409 275.263 108.900 284.868
202503 290.130 111.100 294.308
202506 292.432 111.700 295.050
202509 304.516 112.000 306.419
202512 309.625 113.000 308.803
202603 308.167 112.700 308.167

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 1.17 mean?
Cluster Technology Co (TSE:4240) has a Cyclically Adjusted PB Ratio of 1.17 as of Aug. 09, 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 Cluster Technology Co and its competitors. This is 19% below median its historical median of 1.44. Over the past decade, Cluster Technology Co's Cyclically Adjusted PB Ratio has ranged from 0.80 to 2.60. According to the industry distribution chart, Cluster Technology Co ranks #655 out of 1968 companies in the Hardware industry, placing it in the top 33.3%.
Is Cluster Technology Co's Cyclically Adjusted PB Ratio too high?
Cluster Technology Co's current Cyclically Adjusted PB Ratio of 1.17 is 19% below median its 10-year median of 1.44. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 2.60. The Hardware industry median Cyclically Adjusted PB Ratio is 2.00. Cluster Technology Co's value of 1.17 is 41.5% below this industry median. Based on the distribution chart, Cluster Technology Co ranks #655 out of 1968 companies in the Hardware industry, which is above the industry midpoint. Overall, Cluster Technology Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cluster Technology Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Cluster Technology Co ranks #655 out of 1968 companies for Cyclically Adjusted PB Ratio. This puts Cluster Technology Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.00. Cluster Technology Co's value of 1.17 is 41.5% below this benchmark. Historically, Cluster Technology Co's own Cyclically Adjusted PB Ratio has ranged from 0.80 to 2.60 over the past decade. While the company's 10-year median is 1.44 vs. the industry median of 2.00, Cluster Technology 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.00, based on 1,968 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. Cluster Technology Co's current Cyclically Adjusted PB Ratio of 1.17 is 41.5% 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 Cluster Technology Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cluster Technology Co's current Cyclically Adjusted PB Ratio is 1.17, which is 19% below median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cluster Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Cluster Technology Co (TSE:4240) is currently considered Modestly Undervalued. The stock's GF Value™ is 円442.39, compared to a current price of 円312.00 — trading 29.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.17, which is 19% below median its 10-year median of 1.44 and 41.5% below the Hardware industry median of 2.00. Cluster Technology Co's overall GF Score™ is 73/100. 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 Cluster Technology Co (TSE:4240), the current Cyclically Adjusted PB Ratio is 1.17 as of Aug. 09, 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 Cluster Technology Co (TSE:4240) Overvalued in 2026?

Based on GuruFocus' analysis, Cluster Technology Co stock appears to be undervalued. The current stock price of 円312.00 is trading 29.5% below its estimated GF Value™ of 円442.39. GuruFocus considers Cluster Technology Co to be Modestly Undervalued.

Key valuation signals for TSE:4240:

  • Cyclically Adjusted PB Ratio: 1.17 (19% below median its 10-year median of 1.44)
  • GF Value™: 円442.39 vs. price of 円312.00 (29.5% below fair value)
  • GF Score™: 73/100
  • Industry Position: 41.5% below the Hardware median (#655 of 1968)

No single metric tells the full story. See the TSE:4240 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cluster Technology Co Business Description

Address 4-5-28 Shibukawa-cho, Higashiosaka-shi, Osaka, JPN, 577-0836
Cluster Technology Co Ltd develops and manufactures composite materials and Nano-micromachining including metal mold making. It also manufactures and sale molding dies, plastic molding materials. Its nanotechnology/microtechnology business products include sensor holders for autofocus of digital single lens reflex cameras, peripheral parts of image sensors, base parts of inkjet heads.
73GF Score

Get the complete analysis for TSE:4240

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

円312.00
Price
円442.39
GF Value