Corona (TSE:5909) Cyclically Adjusted PB Ratio: 0.35 (As of Sep. 16, 2026) — Near Median

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TSE:5909 Corona Corp TSE:5909
65 GF Score
Price 円960.00
GF Value 円968.67
Valuation Fairly Valued
! 6 Warning Signs
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What is Corona Cyclically Adjusted PB Ratio?

Corona TSE:5909 +1.27% 65 Cyclically Adjusted PB Ratio is 0.35 as of Sep. 16, 2026, which is 5% below its 10-year median of 0.37. GuruFocus rates TSE:5909 with a GF Score™ of 65/100 and a GF Value™ of 円968.67 (Fairly Valued). The stock has 6 warning signs investors should review. Among 307 Furnishings, Fixtures & Appliances companies, Corona ranks better than 84.04% on this metric.

As of today (2026-09-16), Corona's current share price is 円960.00. Corona's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,750.10. Corona's Cyclically Adjusted PB Ratio for today is 0.35.

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

TSE:5909' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.37   Max: 0.62
Current: 0.34

During the past years, Corona's highest Cyclically Adjusted PB Ratio was 0.62. The lowest was 0.32. And the median was 0.37.

TSE:5909's Cyclically Adjusted PB Ratio is ranked better than
84.04% of 307 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.13 vs TSE:5909: 0.34

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.

Corona's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,661.838. 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2,750.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Corona  (TSE:5909) 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.


Corona Cyclically Adjusted PB Ratio Related Terms


Corona Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Corona'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.

Corona Cyclically Adjusted PB Ratio Chart

Corona 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 0.34 0.35 0.37 0.34 0.34

Corona Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.33 0.35 0.35 0.34 0.35

TSE:5909 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Corona'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.


Corona Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Corona's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:5909
65GF Score
Corona Corp TSE:5909
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Corona 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.

Corona's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=960.00/2750.101
=0.35

* 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.

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

For example, Corona'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)
=2661.838/112.7000*112.7000
=2,661.838

Current CPI (Mar. 2026) = 112.7000.

Corona Quarterly Data

Book Value per Share CPI Adj_Book
201512 2,477.203 98.100 2,845.879
201603 2,400.335 97.900 2,763.205
201606 2,365.091 98.100 2,717.082
201609 2,390.422 98.000 2,748.985
201612 2,468.661 98.400 2,827.420
201703 2,434.913 98.100 2,797.296
201706 2,425.129 98.500 2,774.742
201709 2,459.188 98.800 2,805.167
201712 2,529.872 99.400 2,868.376
201803 2,491.146 99.200 2,830.163
201806 2,464.830 99.200 2,800.266
201809 2,488.868 99.900 2,807.762
201812 2,531.310 99.700 2,861.370
201903 2,483.959 99.700 2,807.845
201906 2,453.380 99.800 2,770.500
201909 2,485.708 100.100 2,798.594
201912 2,527.526 100.500 2,834.350
202003 2,437.181 100.300 2,738.488
202006 2,420.811 99.900 2,730.985
202009 2,437.176 99.900 2,749.447
202012 2,486.765 99.300 2,822.341
202103 2,512.066 99.900 2,833.932
202106 2,490.203 99.500 2,820.562
202109 2,502.072 100.100 2,817.018
202112 2,532.009 100.100 2,850.723
202203 2,498.436 101.100 2,785.101
202206 2,481.208 101.800 2,746.878
202209 2,492.209 103.100 2,724.267
202212 2,537.306 104.100 2,746.920
202303 2,498.137 104.400 2,696.744
202306 2,488.646 105.200 2,666.068
202309 2,493.820 106.200 2,646.455
202312 2,559.925 106.800 2,701.344
202403 2,576.891 107.200 2,709.101
202409 2,568.598 108.900 2,658.228
202503 2,611.601 111.100 2,649.212
202506 2,584.317 111.700 2,607.453
202509 2,601.485 112.000 2,617.744
202512 2,650.861 113.000 2,643.823
202603 2,661.838 112.700 2,661.838

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 0.35 mean?
Corona (TSE:5909) has a Cyclically Adjusted PB Ratio of 0.35 as of Sep. 16, 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 Corona and its competitors. This is near median its historical median of 0.37. Over the past decade, Corona's Cyclically Adjusted PB Ratio has ranged from 0.32 to 0.62. According to the industry distribution chart, Corona ranks #49 out of 307 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 16%.
Is Corona's Cyclically Adjusted PB Ratio too high?
Corona's current Cyclically Adjusted PB Ratio of 0.35 is near median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.62. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.13. Corona's value of 0.35 is 69% below this industry median. Based on the distribution chart, Corona ranks #49 out of 307 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Corona has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Corona's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Corona ranks #49 out of 307 companies for Cyclically Adjusted PB Ratio. This places Corona in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.13. Corona's value of 0.35 is 69% below this benchmark. Historically, Corona's own Cyclically Adjusted PB Ratio has ranged from 0.32 to 0.62 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 1.13, Corona 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.13, based on 307 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. Corona's current Cyclically Adjusted PB Ratio of 0.35 is 69% 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 Corona and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Corona's current Cyclically Adjusted PB Ratio is 0.35, which is near median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corona stock overvalued right now?
Based on GuruFocus' analysis, Corona (TSE:5909) is currently considered Fairly Valued. The stock's GF Value™ is 円968.67, compared to a current price of 円960.00 — trading 0.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.35, which is near median its 10-year median of 0.37 and 69% below the Furnishings, Fixtures & Appliances industry median of 1.13. Corona's overall GF Score™ is 65/100 with 6 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 Corona (TSE:5909), the current Cyclically Adjusted PB Ratio is 0.35 as of Sep. 16, 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 Corona (TSE:5909) Overvalued in 2026?

Based on GuruFocus' analysis, Corona stock appears to be undervalued. The current stock price of 円960.00 is trading 0.9% below its estimated GF Value™ of 円968.67. GuruFocus considers Corona to be Fairly Valued.

Key valuation signals for TSE:5909:

  • Cyclically Adjusted PB Ratio: 0.35 (near median its 10-year median of 0.37)
  • GF Value™: 円968.67 vs. price of 円960.00 (0.9% below fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 69% below the Furnishings, Fixtures & Appliances median (#49 of 307)

No single metric tells the full story. See the TSE:5909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Corona Business Description

Address 7-7 Higashi-shinbo, Sanjo, Niigata, JPN, 955-8510
Corona Corp engages in the manufacture and sale of heating, air-conditioning and household appliances. It also provides pressure type kerosene cooking stoves; developing a set of technological skills generating epoch-making products; manufacturer of kerosene heating appliances; kerosene combustion technology of the pressure type kerosene heaters; and related supplementary services. Its products include heating appliances such as patented hand clean tanks, kerosene fan heaters and portable kerosene heaters.
65GF Score

Get the complete analysis for TSE:5909

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

円960.00
Price
円968.67
GF Value