Fuji Oil Company (TSE:5017) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:5017 Fuji Oil Company Ltd TSE:5017
41 GF Score
Price 円478.00
GF Value 円235.20
! 7 Warning Signs
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What is Fuji Oil Company Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuji Oil Company  (TSE:5017) 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.


Fuji Oil Company Cyclically Adjusted PB Ratio Related Terms


Fuji Oil Company Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fuji Oil Company'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.

Fuji Oil Company Cyclically Adjusted PB Ratio Chart

Fuji Oil Company Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.32 0.32 0.56 0.33

Fuji Oil Company Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.40 0.34 0.34 0.32 0.52

TSE:5017 vs VLO, PSX, MPC: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Fuji Oil Company'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.


Fuji Oil Company Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Fuji Oil Company's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:5017
41GF Score
Fuji Oil Company Ltd TSE:5017
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fuji Oil Company 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.

Fuji Oil Company's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Fuji Oil Company's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=816.724/112.0000*112.0000
=816.724

Current CPI (Sep. 2025) = 112.0000.

Fuji Oil Company Quarterly Data

Book Value per Share CPI Adj_Book
201512 607.376 98.100 693.436
201603 616.149 97.900 704.890
201606 618.485 98.100 706.119
201609 621.430 98.000 710.206
201612 716.989 98.400 816.085
201703 815.130 98.100 930.628
201706 741.528 98.500 843.159
201709 801.609 98.800 908.707
201712 880.636 99.400 992.266
201803 906.485 99.200 1,023.451
201806 945.934 99.200 1,067.990
201809 1,001.369 99.900 1,122.656
201812 853.191 99.700 958.449
201903 928.286 99.700 1,042.809
201906 859.368 99.800 964.421
201909 834.453 100.100 933.654
201912 865.921 100.500 965.006
202003 535.890 100.300 598.402
202006 569.213 99.900 638.157
202009 588.302 99.900 659.558
202012 585.239 99.300 660.088
202103 625.311 99.900 701.049
202106 632.331 99.500 711.770
202109 629.801 100.100 704.672
202112 706.427 100.100 790.408
202203 837.489 101.100 927.782
202206 1,054.119 101.800 1,159.738
202209 1,084.925 103.100 1,178.580
202212 935.205 104.100 1,006.176
202303 928.660 104.400 996.264
202306 955.189 105.200 1,016.931
202309 1,082.737 106.200 1,141.870
202312 1,087.727 106.800 1,140.687
202403 1,119.063 107.200 1,169.170
202406 1,221.263 108.200 1,264.154
202409 987.334 108.900 1,015.440
202412 1,053.400 110.700 1,065.771
202503 1,112.631 111.100 1,121.644
202506 882.622 111.700 884.993
202509 816.724 112.000 816.724

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.

Is Fuji Oil Company (TSE:5017) Overvalued in 2026?

Based on GuruFocus' analysis, Fuji Oil Company stock appears to be overvalued. The current stock price of 円478.00 is trading 103.2% above its estimated GF Value™ of 円235.20.

Key valuation signals for TSE:5017:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円235.20 vs. price of 円478.00 (103.2% above fair value)
  • GF Score™: 41/100 with 7 warning signs

No single metric tells the full story. See the TSE:5017 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fuji Oil Company Business Description

Industry EnergyOil & Gas
Address Garden City Shinagawa Gotenyama, 7-29, Kitashinagawa 6-chome, Shinagawa-ku, Tokyo, JPN, 141-0001
Fuji Oil Company Ltd is engaged in the business of importing crude oil, refining of oil and production, processing, storage, export, and sales of petroleum products and petrochemical products. Japan generates maximum revenue for the company.
41GF Score

Get the complete analysis for TSE:5017

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

円478.00
Price
円235.20
GF Value