Shinpo Co (TSE:5903) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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.
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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:5903 Shinpo Co Ltd TSE:5903
59 GF Score
Price 円1,685.00
GF Value 円998.97
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Shinpo Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shinpo Co  (TSE:5903) 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.


Shinpo Co Cyclically Adjusted PB Ratio Related Terms


Shinpo Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shinpo 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.

Shinpo Co Cyclically Adjusted PB Ratio Chart

Shinpo Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.28 1.49 1.58 1.57 1.20

Shinpo 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 1.34 1.25 1.26 1.20 1.22

TSE:5903 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Shinpo 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.


Shinpo Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:5903
59GF Score
Shinpo Co Ltd TSE:5903
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shinpo 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.

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

For example, Shinpo 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)
=1296.794/112.7000*112.7000
=1,296.794

Current CPI (Mar. 2026) = 112.7000.

Shinpo Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 594.490 98.100 682.967
201609 592.912 98.000 681.849
201612 619.252 98.400 709.245
201703 638.079 98.100 733.043
201706 659.762 98.500 754.875
201709 660.186 98.800 753.066
201712 705.212 99.400 799.571
201803 721.640 99.200 819.847
201806 740.022 99.200 840.731
201809 736.381 99.900 830.732
201812 759.862 99.700 858.941
201903 777.476 99.700 878.852
201906 800.867 99.800 904.386
201909 803.952 100.100 905.149
201912 836.140 100.500 937.642
202003 844.214 100.300 948.583
202006 855.408 99.900 965.010
202009 844.103 99.900 952.256
202012 874.570 99.300 992.589
202103 900.919 99.900 1,016.352
202106 932.054 99.500 1,055.703
202109 925.678 100.100 1,042.197
202112 948.455 100.100 1,067.841
202203 970.783 101.100 1,082.169
202206 1,001.242 101.800 1,108.448
202209 1,006.702 103.100 1,100.440
202212 1,043.234 104.100 1,129.419
202303 1,077.196 104.400 1,162.835
202306 1,111.252 105.200 1,190.476
202309 1,108.141 106.200 1,175.965
202312 1,153.011 106.800 1,216.707
202403 1,187.527 107.200 1,248.454
202406 1,197.925 108.200 1,247.746
202409 1,179.155 108.900 1,220.301
202412 1,218.382 110.700 1,240.394
202503 1,236.126 111.100 1,253.928
202506 1,258.318 111.700 1,269.583
202509 1,245.047 112.000 1,252.829
202512 1,267.403 113.000 1,264.038
202603 1,296.794 112.700 1,296.794

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 Shinpo Co (TSE:5903) Overvalued in 2026?

Based on GuruFocus' analysis, Shinpo Co stock appears to be overvalued. The current stock price of 円1,685.00 is trading 68.7% above its estimated GF Value™ of 円998.97. GuruFocus considers Shinpo Co to be Significantly Overvalued.

Key valuation signals for TSE:5903:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円998.97 vs. price of 円1,685.00 (68.7% above fair value)
  • GF Score™: 59/100 with 8 warning signs

No single metric tells the full story. See the TSE:5903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinpo Co Business Description

Address 110 Wakabadai Meitou-ku, Aichi, Nagoya, JPN, 465 0015
Shinpo Co Ltd manufactures and distributes patented smokeless grills and related accessories. It offers ceramic charcoal roasters, radiant plate roasters and natural charcoal roasters, among others. It also offers installation and maintenance services.
59GF Score

Get the complete analysis for TSE:5903

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

円1,685.00
Price
円998.97
GF Value