Sanwa Holdings (TSE:5929) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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TSE:5929 Sanwa Holdings Corp TSE:5929
90 GF Score
Price 円3,457.00
GF Value 円3,840.05
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Sanwa Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sanwa Holdings  (TSE:5929) 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.


Sanwa Holdings Cyclically Adjusted PB Ratio Related Terms


Sanwa Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sanwa Holdings'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.

Sanwa Holdings Cyclically Adjusted PB Ratio Chart

Sanwa Holdings 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 1.88 1.89 3.16 4.93 3.27

Sanwa Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 5.10 4.40 4.10 3.48 3.61

TSE:5929 vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Sanwa Holdings'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.


Sanwa Holdings Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Sanwa Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:5929
90GF Score
Sanwa Holdings Corp TSE:5929
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sanwa Holdings 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.

Sanwa Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Sanwa Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1633.175/113.6000*113.6000
=1,633.175

Current CPI (Jun. 2026) = 113.6000.

Sanwa Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 530.230 98.000 614.634
201612 528.500 98.400 610.138
201703 611.499 98.100 708.117
201706 583.541 98.500 672.998
201709 616.585 98.800 708.948
201712 623.477 99.400 712.545
201803 671.709 99.200 769.215
201806 643.125 99.200 736.482
201809 670.261 99.900 762.179
201812 680.503 99.700 775.378
201903 718.302 99.700 818.446
201906 700.714 99.800 797.606
201909 713.995 100.100 810.288
201912 700.666 100.500 791.997
202003 749.994 100.300 849.445
202006 731.145 99.900 831.412
202009 759.445 99.900 863.593
202012 765.748 99.300 876.022
202103 821.156 99.900 933.767
202106 834.412 99.500 952.655
202109 869.521 100.100 986.789
202112 862.176 100.100 978.453
202203 920.225 101.100 1,034.002
202206 944.994 101.800 1,054.532
202209 1,050.051 103.100 1,156.991
202212 1,096.750 104.100 1,196.838
202303 1,096.533 104.400 1,193.162
202306 1,103.306 105.200 1,191.403
202309 1,240.273 106.200 1,326.695
202312 1,268.686 106.800 1,349.464
202403 1,304.376 107.200 1,382.249
202406 1,323.656 108.200 1,389.716
202409 1,456.749 108.900 1,519.621
202412 1,353.028 110.700 1,388.473
202503 1,508.999 111.100 1,542.955
202506 1,395.747 111.700 1,419.488
202509 1,482.226 112.000 1,503.401
202512 1,500.897 113.000 1,508.866
202603 1,672.272 112.700 1,685.626
202606 1,633.175 113.600 1,633.175

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 Sanwa Holdings (TSE:5929) Overvalued in 2026?

Based on GuruFocus' analysis, Sanwa Holdings stock appears to be undervalued. The current stock price of 円3,457.00 is trading 10% below its estimated GF Value™ of 円3,840.05. GuruFocus considers Sanwa Holdings to be Modestly Undervalued.

Key valuation signals for TSE:5929:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円3,840.05 vs. price of 円3,457.00 (10% below fair value)
  • GF Score™: 90/100 with 1 warning sign

No single metric tells the full story. See the TSE:5929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanwa Holdings Business Description

Other Exchanges XST:Germany
Address 2-1-1 Nishi-Shinjuku, 52nd Floor, Shinjuku Mitsui Building, Shinjuku-ku, Tokyo, JPN, 163-0478
Sanwa Holdings Corp is a Japan-based company engaged in producing and selling construction materials for buildings and commercial facilities. The company also provides maintenance and renovation services. Its products include condominium doors, window shutters, exterior products, garage doors, operators, and hinge doors for residential buildings; and heavy-duty shutters, steel doors, partitions, stainless steel products, overhead doors, automatic doors, truck/trailer doors, and industrial doors for non-residential buildings. The company operates in Japan, North America, and Europe.
90GF Score

Get the complete analysis for TSE:5929

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

円3,457.00
Price
円3,840.05
GF Value