Fukoku Co (TSE:5185) Cyclically Adjusted PB Ratio: 0.89 (As of Aug. 13, 2026) — 59% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:5185 Fukoku Co Ltd TSE:5185
69 GF Score
Price 円2,035.00
GF Value 円1,854.00
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Fukoku Co Cyclically Adjusted PB Ratio?

Fukoku Co TSE:5185 +0.10% 69 Cyclically Adjusted PB Ratio is 0.89 as of Aug. 13, 2026, which is 59% above its 10-year median of 0.56. GuruFocus rates TSE:5185 with a GF Score™ of 69/100 and a GF Value™ of 円1,854.00 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,002 Vehicles & Parts companies, Fukoku Co ranks better than 63.77% on this metric.

As of today (2026-08-13), Fukoku Co's current share price is 円2035.00. Fukoku Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,296.17. Fukoku Co's Cyclically Adjusted PB Ratio for today is 0.89.

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

TSE:5185' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.56   Max: 1.17
Current: 0.89

During the past years, Fukoku Co's highest Cyclically Adjusted PB Ratio was 1.17. The lowest was 0.30. And the median was 0.56.

TSE:5185's Cyclically Adjusted PB Ratio is ranked better than
63.77% of 1002 companies
in the Vehicles & Parts industry
Industry Median: 1.275 vs TSE:5185: 0.89

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.

Fukoku Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,873.646. 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2,296.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fukoku Co  (TSE:5185) 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.


Fukoku Co Cyclically Adjusted PB Ratio Related Terms


Fukoku Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fukoku 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.

Fukoku Co Cyclically Adjusted PB Ratio Chart

Fukoku 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 0.50 0.52 0.89 0.75 0.78

Fukoku 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 0.75 0.74 0.82 0.85 0.78

TSE:5185 vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Fukoku 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.


Fukoku Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fukoku Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:5185
69GF Score
Fukoku Co Ltd TSE:5185
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fukoku 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2035.00/2296.17
=0.89

* 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.

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

For example, Fukoku 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)
=2873.646/112.7000*112.7000
=2,873.646

Current CPI (Mar. 2026) = 112.7000.

Fukoku Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 1,966.203 98.100 2,258.829
201603 1,964.226 97.900 2,261.167
201606 1,928.507 98.100 2,215.522
201609 1,854.686 98.000 2,132.889
201612 1,860.790 98.400 2,131.210
201703 2,021.614 98.100 2,322.486
201706 2,035.259 98.500 2,328.667
201709 2,067.439 98.800 2,358.303
201712 1,997.766 99.400 2,265.073
201803 2,036.829 99.200 2,314.018
201806 2,010.627 99.200 2,284.251
201809 2,038.942 99.900 2,300.188
201812 2,059.470 99.700 2,328.007
201903 1,789.108 99.700 2,022.392
201906 1,815.843 99.800 2,050.556
201909 1,799.734 100.100 2,026.274
201912 1,767.735 100.500 1,982.326
202003 1,780.656 100.300 2,000.797
202006 1,698.708 99.900 1,916.360
202009 1,696.492 99.900 1,913.860
202012 1,713.769 99.300 1,945.033
202103 1,814.268 99.900 2,046.727
202106 1,900.615 99.500 2,152.757
202109 1,942.652 100.100 2,187.182
202112 1,924.128 100.100 2,166.326
202203 2,001.864 101.100 2,231.554
202206 2,121.404 101.800 2,348.548
202209 2,249.441 103.100 2,458.894
202212 2,263.952 104.100 2,450.984
202303 2,211.062 104.400 2,386.846
202306 2,230.865 105.200 2,389.910
202309 2,361.599 106.200 2,506.141
202312 2,413.068 106.800 2,546.374
202403 2,453.214 107.200 2,579.079
202409 2,664.247 108.900 2,757.214
202503 2,684.658 111.100 2,723.321
202506 2,572.182 111.700 2,595.210
202509 2,602.840 112.000 2,619.108
202512 2,475.270 113.000 2,468.698
202603 2,873.646 112.700 2,873.646

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 0.89 mean?
Fukoku Co (TSE:5185) has a Cyclically Adjusted PB Ratio of 0.89 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 Fukoku Co and its competitors. This is 59% above median its historical median of 0.56. Over the past decade, Fukoku Co's Cyclically Adjusted PB Ratio has ranged from 0.30 to 1.17. According to the industry distribution chart, Fukoku Co ranks #363 out of 1002 companies in the Vehicles & Parts industry, placing it in the top 36.2%.
Is Fukoku Co's Cyclically Adjusted PB Ratio too high?
Fukoku Co's current Cyclically Adjusted PB Ratio of 0.89 is 59% above median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.17. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.28. Fukoku Co's value of 0.89 is 30.2% below this industry median. Based on the distribution chart, Fukoku Co ranks #363 out of 1002 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Fukoku Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fukoku Co's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Fukoku Co ranks #363 out of 1002 companies for Cyclically Adjusted PB Ratio. This puts Fukoku Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Fukoku Co's value of 0.89 is 30.2% below this benchmark. Historically, Fukoku Co's own Cyclically Adjusted PB Ratio has ranged from 0.30 to 1.17 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 1.28, Fukoku 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.28, based on 1,002 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. Fukoku Co's current Cyclically Adjusted PB Ratio of 0.89 is 30.2% 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 Fukoku Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fukoku Co's current Cyclically Adjusted PB Ratio is 0.89, which is 59% above median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukoku Co stock overvalued right now?
Based on GuruFocus' analysis, Fukoku Co (TSE:5185) is currently considered Fairly Valued. The stock's GF Value™ is 円1,854.00, compared to a current price of 円2,035.00 — trading 9.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.89, which is 59% above median its 10-year median of 0.56 and 30.2% below the Vehicles & Parts industry median of 1.28. Fukoku Co's overall GF Score™ is 69/100 with 4 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 Fukoku Co (TSE:5185), the current Cyclically Adjusted PB Ratio is 0.89 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 Fukoku Co (TSE:5185) Overvalued in 2026?

Based on GuruFocus' analysis, Fukoku Co stock appears to be overvalued. The current stock price of 円2,035.00 is trading 9.8% above its estimated GF Value™ of 円1,854.00. GuruFocus considers Fukoku Co to be Fairly Valued.

Key valuation signals for TSE:5185:

  • Cyclically Adjusted PB Ratio: 0.89 (59% above median its 10-year median of 0.56)
  • GF Value™: 円1,854.00 vs. price of 円2,035.00 (9.8% above fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 30.2% below the Vehicles & Parts median (#363 of 1002)

No single metric tells the full story. See the TSE:5185 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fukoku Co Business Description

Address 11-2 Shintoshin Land, Saitama-shi, Akushisu Town 24F Chou-ku, Saitama, JPN, 3306024
Fukoku Co Ltd operates in the rubber industry. The company manufactures automotive wiper blade rubber, seals to protect against gas and liquid leaks, anti-vibration products, and ultrasonic motors.
69GF Score

Get the complete analysis for TSE:5185

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

円2,035.00
Price
円1,854.00
GF Value