Mitsuboshi Belting (TSE:5192) Cyclically Adjusted PB Ratio: 1.34 (As of Aug. 06, 2026) — Near Median

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TSE:5192 Mitsuboshi Belting Ltd TSE:5192
86 GF Score
Price 円4,065.00
GF Value 円4,394.09
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Mitsuboshi Belting Cyclically Adjusted PB Ratio?

Mitsuboshi Belting TSE:5192 +0.12% 86 Cyclically Adjusted PB Ratio is 1.34 as of Aug. 06, 2026, which is 1% above its 10-year median of 1.33. GuruFocus rates TSE:5192 with a GF Score™ of 86/100 and a GF Value™ of 円4,394.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,254 Industrial Products companies, Mitsuboshi Belting ranks better than 64.64% on this metric.

As of today (2026-08-06), Mitsuboshi Belting's current share price is 円4065.00. Mitsuboshi Belting's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円3,023.22. Mitsuboshi Belting's Cyclically Adjusted PB Ratio for today is 1.34.

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

TSE:5192' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.33   Max: 2.06
Current: 1.36

During the past years, Mitsuboshi Belting's highest Cyclically Adjusted PB Ratio was 2.06. The lowest was 0.64. And the median was 1.33.

TSE:5192's Cyclically Adjusted PB Ratio is ranked better than
64.64% of 2254 companies
in the Industrial Products industry
Industry Median: 2.065 vs TSE:5192: 1.36

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.

Mitsuboshi Belting's adjusted book value per share data for the three months ended in Mar. 2026 was 円3,640.656. 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3,023.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsuboshi Belting  (TSE:5192) 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.


Mitsuboshi Belting Cyclically Adjusted PB Ratio Related Terms


Mitsuboshi Belting Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mitsuboshi Belting'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.

Mitsuboshi Belting Cyclically Adjusted PB Ratio Chart

Mitsuboshi Belting 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 0.95 1.65 1.79 1.31 1.30

Mitsuboshi Belting 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 1.31 1.19 1.26 1.31 1.30

TSE:5192 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Mitsuboshi Belting'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.


Mitsuboshi Belting Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:5192
86GF Score
Mitsuboshi Belting Ltd TSE:5192
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsuboshi Belting 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.

Mitsuboshi Belting's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4065.00/3023.22
=1.34

* 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.

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

For example, Mitsuboshi Belting'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)
=3640.656/112.7000*112.7000
=3,640.656

Current CPI (Mar. 2026) = 112.7000.

Mitsuboshi Belting Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,818.427 98.100 2,089.059
201609 1,868.644 98.000 2,148.941
201612 2,003.612 98.400 2,294.787
201703 2,086.349 98.100 2,396.856
201706 2,128.251 98.500 2,435.065
201709 2,227.421 98.800 2,540.793
201712 2,291.365 99.400 2,597.956
201803 2,258.915 99.200 2,566.328
201806 2,300.261 99.200 2,613.301
201809 2,380.738 99.900 2,685.778
201812 2,342.433 99.700 2,647.866
201903 2,393.621 99.700 2,705.728
201906 2,393.356 99.800 2,702.718
201909 2,452.223 100.100 2,760.894
201912 2,527.427 100.500 2,834.239
202003 2,474.533 100.300 2,780.457
202006 2,508.443 99.900 2,829.845
202009 2,519.586 99.900 2,842.416
202012 2,562.850 99.300 2,908.693
202103 2,691.612 99.900 3,036.483
202106 2,731.884 99.500 3,094.305
202109 2,804.622 100.100 3,157.651
202112 2,881.106 100.100 3,243.763
202203 3,018.449 101.100 3,364.779
202206 3,081.110 101.800 3,411.013
202209 3,153.819 103.100 3,447.482
202212 2,996.188 104.100 3,243.712
202303 3,089.402 104.400 3,335.015
202306 3,226.732 105.200 3,456.775
202309 3,341.864 106.200 3,546.404
202312 3,209.038 106.800 3,386.316
202403 3,463.268 107.200 3,640.954
202406 3,480.682 108.200 3,625.442
202409 3,325.173 108.900 3,441.203
202412 3,492.823 110.700 3,555.927
202503 3,403.112 111.100 3,452.122
202506 3,341.150 111.700 3,371.062
202509 3,489.547 112.000 3,511.357
202512 3,594.296 113.000 3,584.754
202603 3,640.656 112.700 3,640.656

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 1.34 mean?
Mitsuboshi Belting (TSE:5192) has a Cyclically Adjusted PB Ratio of 1.34 as of Aug. 06, 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 Mitsuboshi Belting and its competitors. This is near median its historical median of 1.33. Over the past decade, Mitsuboshi Belting's Cyclically Adjusted PB Ratio has ranged from 0.64 to 2.06. According to the industry distribution chart, Mitsuboshi Belting ranks #797 out of 2254 companies in the Industrial Products industry, placing it in the top 35.4%.
Is Mitsuboshi Belting's Cyclically Adjusted PB Ratio too high?
Mitsuboshi Belting's current Cyclically Adjusted PB Ratio of 1.34 is near median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 2.06. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. Mitsuboshi Belting's value of 1.34 is 35.1% below this industry median. Based on the distribution chart, Mitsuboshi Belting ranks #797 out of 2254 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Mitsuboshi Belting has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitsuboshi Belting's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mitsuboshi Belting ranks #797 out of 2254 companies for Cyclically Adjusted PB Ratio. This puts Mitsuboshi Belting in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Mitsuboshi Belting's value of 1.34 is 35.1% below this benchmark. Historically, Mitsuboshi Belting's own Cyclically Adjusted PB Ratio has ranged from 0.64 to 2.06 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 2.07, Mitsuboshi Belting 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 2.07, based on 2,254 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. Mitsuboshi Belting's current Cyclically Adjusted PB Ratio of 1.34 is 35.1% 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 Mitsuboshi Belting and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsuboshi Belting's current Cyclically Adjusted PB Ratio is 1.34, which is near median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsuboshi Belting stock overvalued right now?
Based on GuruFocus' analysis, Mitsuboshi Belting (TSE:5192) is currently considered Fairly Valued. The stock's GF Value™ is 円4,394.09, compared to a current price of 円4,065.00 — trading 7.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.34, which is near median its 10-year median of 1.33 and 35.1% below the Industrial Products industry median of 2.07. Mitsuboshi Belting's overall GF Score™ is 86/100 with 3 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 Mitsuboshi Belting (TSE:5192), the current Cyclically Adjusted PB Ratio is 1.34 as of Aug. 06, 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 Mitsuboshi Belting (TSE:5192) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsuboshi Belting stock appears to be undervalued. The current stock price of 円4,065.00 is trading 7.5% below its estimated GF Value™ of 円4,394.09. GuruFocus considers Mitsuboshi Belting to be Fairly Valued.

Key valuation signals for TSE:5192:

  • Cyclically Adjusted PB Ratio: 1.34 (near median its 10-year median of 1.33)
  • GF Value™: 円4,394.09 vs. price of 円4,065.00 (7.5% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 35.1% below the Industrial Products median (#797 of 2254)

No single metric tells the full story. See the TSE:5192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsuboshi Belting Business Description

Address 4 - 1 21 Hamazoe dori, Nagata ku, Hyogo-ken, JPN, 6530024
Mitsuboshi Belting Ltd is involved in the business of Power transmission belts and related products, Conveyor belts and systems and related products, Engineering plastics, Engineering structural foam, Waterproofing and Watershielding sheet, Metal nanoparticle related products. Its products include automobile and motorcycle transmission belts, general industrial transmission belts, pulleys, conveyer belts, systems, engineering plastic materials and processed products, waterproofing materials for construction etc.
86GF Score

Get the complete analysis for TSE:5192

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

円4,065.00
Price
円4,394.09
GF Value