Toyo Tanso Co (TSE:5310) Cyclically Adjusted PB Ratio: 1.97 (As of Aug. 11, 2026) — 74% Above Median

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TSE:5310 Toyo Tanso Co Ltd TSE:5310
75 GF Score
Price 円7,420.00
GF Value 円4,658.56
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Toyo Tanso Co Cyclically Adjusted PB Ratio?

Toyo Tanso Co TSE:5310 +2.77% 75 Cyclically Adjusted PB Ratio is 1.97 as of Aug. 11, 2026, which is 74% above its 10-year median of 1.13. GuruFocus rates TSE:5310 with a GF Score™ of 75/100 and a GF Value™ of 円4,658.56 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,242 Industrial Products companies, Toyo Tanso Co ranks better than 55.35% on this metric.

As of today (2026-08-11), Toyo Tanso Co's current share price is 円7420.00. Toyo Tanso Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円3,760.14. Toyo Tanso Co's Cyclically Adjusted PB Ratio for today is 1.97.

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

TSE:5310' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1.13   Max: 2.51
Current: 1.92

During the past years, Toyo Tanso Co's highest Cyclically Adjusted PB Ratio was 2.51. The lowest was 0.44. And the median was 1.13.

TSE:5310's Cyclically Adjusted PB Ratio is ranked better than
55.35% of 2242 companies
in the Industrial Products industry
Industry Median: 2.19 vs TSE:5310: 1.92

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.

Toyo Tanso Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円4,648.531. 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3,760.14 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyo Tanso Co  (TSE:5310) 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.


Toyo Tanso Co Cyclically Adjusted PB Ratio Related Terms


Toyo Tanso Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Toyo Tanso 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.

Toyo Tanso Co Cyclically Adjusted PB Ratio Chart

Toyo Tanso Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 1.20 1.44 1.20 1.28

Toyo Tanso Co 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 1.09 1.34 1.18 1.28 0.00

TSE:5310 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Toyo Tanso 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.


Toyo Tanso Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:5310
75GF Score
Toyo Tanso Co Ltd TSE:5310
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toyo Tanso 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7420.00/3760.14
=1.97

* 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.

Toyo Tanso Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Toyo Tanso Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=4648.531/113.0000*113.0000
=4,648.531

Current CPI (Dec. 2025) = 113.0000.

Toyo Tanso Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 2,760.104 97.900 3,185.820
201606 2,691.376 98.100 3,100.158
201609 2,678.499 98.000 3,088.473
201612 2,745.732 98.400 3,153.127
201703 2,727.790 98.100 3,142.103
201706 2,759.166 98.500 3,165.338
201709 2,823.603 98.800 3,229.424
201712 2,887.615 99.400 3,282.701
201803 2,916.495 99.200 3,322.217
201806 2,966.089 99.200 3,378.710
201809 3,024.219 99.900 3,420.788
201812 3,019.406 99.700 3,422.195
201903 3,048.586 99.700 3,455.268
201906 3,059.743 99.800 3,464.438
201909 3,076.098 100.100 3,472.518
201912 3,096.886 100.500 3,482.071
202003 3,056.024 100.300 3,442.978
202006 3,097.840 99.900 3,504.063
202009 3,140.323 99.900 3,552.117
202012 3,174.367 99.300 3,612.321
202103 3,204.930 99.900 3,625.196
202106 3,271.301 99.500 3,715.146
202109 3,344.967 100.100 3,776.037
202112 3,442.664 100.100 3,886.324
202203 3,495.780 101.100 3,907.252
202206 3,621.656 101.800 4,020.109
202209 3,698.231 103.100 4,053.347
202212 3,678.348 104.100 3,992.827
202303 3,717.208 104.400 4,023.415
202306 3,865.780 105.200 4,152.406
202309 3,972.345 106.200 4,226.695
202312 4,027.704 106.800 4,261.522
202403 4,080.250 107.200 4,301.010
202406 4,276.035 108.200 4,465.730
202409 4,281.709 108.900 4,442.912
202412 4,489.176 110.700 4,582.447
202503 4,345.937 111.100 4,420.260
202506 4,406.542 111.700 4,457.827
202509 4,529.516 112.000 4,569.958
202512 4,648.531 113.000 4,648.531

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 1.97 mean?
Toyo Tanso Co (TSE:5310) has a Cyclically Adjusted PB Ratio of 1.97 as of Aug. 11, 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 Toyo Tanso Co and its competitors. This is 74% above median its historical median of 1.13. Over the past decade, Toyo Tanso Co's Cyclically Adjusted PB Ratio has ranged from 0.44 to 2.51. According to the industry distribution chart, Toyo Tanso Co ranks #1001 out of 2242 companies in the Industrial Products industry, placing it in the top 44.6%.
Is Toyo Tanso Co's Cyclically Adjusted PB Ratio too high?
Toyo Tanso Co's current Cyclically Adjusted PB Ratio of 1.97 is 74% above median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 2.51. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.19. Toyo Tanso Co's value of 1.97 is 10% below this industry median. Based on the distribution chart, Toyo Tanso Co ranks #1001 out of 2242 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Toyo Tanso Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyo Tanso Co's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Toyo Tanso Co ranks #1001 out of 2242 companies for Cyclically Adjusted PB Ratio. This puts Toyo Tanso Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.19. Toyo Tanso Co's value of 1.97 is 10% below this benchmark. Historically, Toyo Tanso Co's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 2.51 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 2.19, Toyo Tanso 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.19, based on 2,242 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. Toyo Tanso Co's current Cyclically Adjusted PB Ratio of 1.97 is 10% 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 Toyo Tanso Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Tanso Co's current Cyclically Adjusted PB Ratio is 1.97, which is 74% above median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Tanso Co stock overvalued right now?
Based on GuruFocus' analysis, Toyo Tanso Co (TSE:5310) is currently considered Significantly Overvalued. The stock's GF Value™ is 円4,658.56, compared to a current price of 円7,420.00 — trading 59.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.97, which is 74% above median its 10-year median of 1.13 and 10% below the Industrial Products industry median of 2.19. Toyo Tanso Co's overall GF Score™ is 75/100 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 Toyo Tanso Co (TSE:5310), the current Cyclically Adjusted PB Ratio is 1.97 as of Aug. 11, 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 Toyo Tanso Co (TSE:5310) Overvalued in 2026?

Based on GuruFocus' analysis, Toyo Tanso Co stock appears to be overvalued. The current stock price of 円7,420.00 is trading 59.3% above its estimated GF Value™ of 円4,658.56. GuruFocus considers Toyo Tanso Co to be Significantly Overvalued.

Key valuation signals for TSE:5310:

  • Cyclically Adjusted PB Ratio: 1.97 (74% above median its 10-year median of 1.13)
  • GF Value™: 円4,658.56 vs. price of 円7,420.00 (59.3% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 10% below the Industrial Products median (#1001 of 2242)

No single metric tells the full story. See the TSE:5310 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyo Tanso Co Business Description

Other Exchanges T9T:Germany
Address Nishiyodogawa ku Takeshima 5-7-12, Osaka, JPN, 555-0011
Toyo Tanso Co Ltd is a Japanese corporation engaged in the manufacture of electronic materials such as special graphite and other carbon products which are employed in processes like single crystal silicon pulling furnaces, heaters, and metal-organic chemical vapor deposition devices. Its portfolio of carbon products includes bearings for pumps and compressors, sealing materials, pantograph sliders, automobile parts, carbon brushes and motor brushes. Toyo attends to various industries ranging from the living space to advanced aerospace and medical fields such as aerospace and medical care, especially solar cells, nuclear power and other environmental and energy fields.
75GF Score

Get the complete analysis for TSE:5310

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

円7,420.00
Price
円4,658.56
GF Value