Konica Minolta (TSE:4902) Cyclically Adjusted PB Ratio: 0.51 (As of Aug. 02, 2026) — Near Median

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TSE:4902 Konica Minolta Inc TSE:4902
54 GF Score
Price 円590.80
GF Value 円468.35
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Konica Minolta Cyclically Adjusted PB Ratio?

Konica Minolta TSE:4902 -14.48% 54 Cyclically Adjusted PB Ratio is 0.51 as of Aug. 02, 2026, which is 4% below its 10-year median of 0.53. GuruFocus rates TSE:4902 with a GF Score™ of 54/100 and a GF Value™ of 円468.35 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,262 Industrial Products companies, Konica Minolta ranks better than 86.07% on this metric.

As of today (2026-08-02), Konica Minolta's current share price is 円590.80. Konica Minolta's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,163.15. Konica Minolta's Cyclically Adjusted PB Ratio for today is 0.51.

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

TSE:4902' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.53   Max: 1.39
Current: 0.59

During the past years, Konica Minolta's highest Cyclically Adjusted PB Ratio was 1.39. The lowest was 0.26. And the median was 0.53.

TSE:4902's Cyclically Adjusted PB Ratio is ranked better than
86.07% of 2262 companies
in the Industrial Products industry
Industry Median: 2.075 vs TSE:4902: 0.59

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.

Konica Minolta's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,085.638. 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1,163.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Konica Minolta  (TSE:4902) 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.


Konica Minolta Cyclically Adjusted PB Ratio Related Terms


Konica Minolta Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Konica Minolta'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.

Konica Minolta Cyclically Adjusted PB Ratio Chart

Konica Minolta 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 0.49 0.52 0.44 0.43 0.44

Konica Minolta Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.43 0.40 0.45 0.58 0.44

Konica Minolta Cyclically Adjusted PB Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, Konica Minolta'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.


Konica Minolta Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Konica Minolta's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:4902
54GF Score
Konica Minolta Inc TSE:4902
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Konica Minolta 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.

Konica Minolta's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=590.80/1163.15
=0.51

* 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.

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

For example, Konica Minolta'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)
=1085.638/112.7000*112.7000
=1,085.638

Current CPI (Mar. 2026) = 112.7000.

Konica Minolta Quarterly Data

Book Value per Share CPI Adj_Book
201606 974.705 98.100 1,119.768
201609 978.235 98.000 1,124.970
201612 1,052.073 98.400 1,204.966
201703 1,057.923 98.100 1,215.371
201706 1,060.469 98.500 1,213.349
201709 1,095.894 98.800 1,250.073
201712 1,065.108 99.400 1,207.622
201803 1,060.719 99.200 1,205.071
201806 1,078.488 99.200 1,225.258
201809 1,122.085 99.900 1,265.856
201812 1,104.784 99.700 1,248.838
201903 1,123.387 99.700 1,269.867
201906 1,078.336 99.800 1,217.720
201909 1,065.116 100.100 1,199.187
201912 1,077.973 100.500 1,208.831
202003 1,058.285 100.300 1,189.120
202006 1,012.679 99.900 1,142.432
202009 997.969 99.900 1,125.837
202012 993.155 99.300 1,127.176
202103 1,093.980 99.900 1,234.150
202106 1,086.483 99.500 1,230.619
202109 1,042.411 100.100 1,173.624
202112 1,027.182 100.100 1,156.478
202203 1,113.713 101.100 1,241.498
202206 1,154.548 101.800 1,278.169
202209 1,200.183 103.100 1,311.936
202212 1,143.844 104.100 1,238.340
202303 986.864 104.400 1,065.322
202306 1,025.954 105.200 1,099.097
202309 1,053.210 106.200 1,117.672
202312 1,026.722 106.800 1,083.442
202403 1,091.675 107.200 1,147.684
202406 1,128.912 108.200 1,175.863
202409 1,026.658 108.900 1,062.483
202412 1,081.836 110.700 1,101.381
202503 935.992 111.100 949.472
202506 945.030 111.700 953.490
202509 1,003.110 112.000 1,009.379
202512 1,051.610 113.000 1,048.818
202603 1,085.638 112.700 1,085.638

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 0.51 mean?
Konica Minolta (TSE:4902) has a Cyclically Adjusted PB Ratio of 0.51 as of Aug. 02, 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 Konica Minolta and its competitors. This is near median its historical median of 0.53. Over the past decade, Konica Minolta's Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.39. According to the industry distribution chart, Konica Minolta ranks #315 out of 2262 companies in the Industrial Products industry, placing it in the top 13.9%.
Is Konica Minolta's Cyclically Adjusted PB Ratio too high?
Konica Minolta's current Cyclically Adjusted PB Ratio of 0.51 is near median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.39. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.08. Konica Minolta's value of 0.51 is 75.4% below this industry median. Based on the distribution chart, Konica Minolta ranks #315 out of 2262 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Konica Minolta has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Konica Minolta's Cyclically Adjusted PB Ratio compare to competitors?
According to the Industrial Products industry distribution chart, Konica Minolta ranks #315 out of 2262 companies for Cyclically Adjusted PB Ratio. This places Konica Minolta in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.08. Konica Minolta's value of 0.51 is 75.4% below this benchmark. Historically, Konica Minolta's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.39 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 2.08, Konica Minolta 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.08, based on 2,262 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. Konica Minolta's current Cyclically Adjusted PB Ratio of 0.51 is 75.4% 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 Konica Minolta and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Konica Minolta's current Cyclically Adjusted PB Ratio is 0.51, which is near median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Konica Minolta stock overvalued right now?
Based on GuruFocus' analysis, Konica Minolta (TSE:4902) is currently considered Modestly Overvalued. The stock's GF Value™ is 円468.35, compared to a current price of 円590.80 — trading 26.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.51, which is near median its 10-year median of 0.53 and 75.4% below the Industrial Products industry median of 2.08. Konica Minolta's overall GF Score™ is 54/100 with 8 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 Konica Minolta (TSE:4902), the current Cyclically Adjusted PB Ratio is 0.51 as of Aug. 02, 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 Konica Minolta (TSE:4902) Overvalued in 2026?

Based on GuruFocus' analysis, Konica Minolta stock appears to be overvalued. The current stock price of 円590.80 is trading 26.1% above its estimated GF Value™ of 円468.35. GuruFocus considers Konica Minolta to be Modestly Overvalued.

Key valuation signals for TSE:4902:

  • Cyclically Adjusted PB Ratio: 0.51 (near median its 10-year median of 0.53)
  • GF Value™: 円468.35 vs. price of 円590.80 (26.1% above fair value)
  • GF Score™: 54/100 with 8 warning signs
  • Industry Position: 75.4% below the Industrial Products median (#315 of 2262)

No single metric tells the full story. See the TSE:4902 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Konica Minolta Business Description

Address 2-7-2 Marunouchi, JP Tower, Chiyoda-ku, Tokyo, JPN, 100-7015
Konica Minolta Inc is a Japanese equipment and material manufacturer. The company operates through four segments. The Digital Workplace business covers the development, manufacture, and sale of multifunction printers, related consumables, and IT services and solutions. The Image Solutions business includes medical diagnostic imaging systems, network cameras, and video-related equipment, along with related services and solutions. The Industry business encompasses measuring instruments, functional films for displays, industrial inkjet heads, and professional lenses. The Professional Print business involves digital printing systems and consumables for commercial and industrial markets, as well as printing services and solutions. It generates the majority of revenue Digital workplace segment.
54GF Score

Get the complete analysis for TSE:4902

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

円590.80
Price
円468.35
GF Value