Chofu Seisakusho Co (TSE:5946) Cyclically Adjusted PB Ratio: 0.48 (As of Sep. 22, 2026) — 17% Below Median

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TSE:5946 Chofu Seisakusho Co Ltd TSE:5946
68 GF Score
Price 円1,983.00
GF Value 円1,989.24
Valuation Fairly Valued
! 4 Warning Signs
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What is Chofu Seisakusho Co Cyclically Adjusted PB Ratio?

Chofu Seisakusho Co TSE:5946 -1.25% 68 Cyclically Adjusted PB Ratio is 0.48 as of Sep. 22, 2026, which is 17% below its 10-year median of 0.58. GuruFocus rates TSE:5946 with a GF Score™ of 68/100 and a GF Value™ of 円1,989.24 (Fairly Valued). The stock has 4 warning signs investors should review. Among 307 Furnishings, Fixtures & Appliances companies, Chofu Seisakusho Co ranks better than 75.24% on this metric.

As of today (2026-09-22), Chofu Seisakusho Co's current share price is 円1983.00. Chofu Seisakusho Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円4,093.00. Chofu Seisakusho Co's Cyclically Adjusted PB Ratio for today is 0.48.

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

TSE:5946' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.58   Max: 0.86
Current: 0.49

During the past years, Chofu Seisakusho Co's highest Cyclically Adjusted PB Ratio was 0.86. The lowest was 0.44. And the median was 0.58.

TSE:5946's Cyclically Adjusted PB Ratio is ranked better than
75.24% of 307 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.13 vs TSE:5946: 0.49

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.

Chofu Seisakusho Co's adjusted book value per share data for the three months ended in Jun. 2026 was 円4,111.118. 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4,093.00 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chofu Seisakusho Co  (TSE:5946) 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.


Chofu Seisakusho Co Cyclically Adjusted PB Ratio Related Terms


Chofu Seisakusho Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chofu Seisakusho 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.

Chofu Seisakusho Co Cyclically Adjusted PB Ratio Chart

Chofu Seisakusho 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 0.58 0.52 0.53 0.49 0.50

Chofu Seisakusho Co 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 0.46 0.48 0.50 0.49 0.49

TSE:5946 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Chofu Seisakusho 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.


Chofu Seisakusho Co Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

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

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


TSE:5946
68GF Score
Chofu Seisakusho Co Ltd TSE:5946
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Chofu Seisakusho 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.

Chofu Seisakusho Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1983.00/4093.002
=0.48

* 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.

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

For example, Chofu Seisakusho Co'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)
=4111.118/113.6000*113.6000
=4,111.118

Current CPI (Jun. 2026) = 113.6000.

Chofu Seisakusho Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 3,425.244 98.000 3,970.487
201612 3,482.929 98.400 4,020.942
201703 3,486.559 98.100 4,037.442
201706 3,518.511 98.500 4,057.897
201709 3,519.951 98.800 4,047.231
201712 3,573.794 99.400 4,084.336
201803 3,556.129 99.200 4,072.341
201806 3,585.721 99.200 4,106.229
201809 3,582.332 99.900 4,073.603
201812 3,574.093 99.700 4,072.387
201903 3,582.130 99.700 4,081.544
201906 3,547.732 99.800 4,038.300
201909 3,550.074 100.100 4,028.855
201912 3,595.795 100.500 4,064.501
202003 3,515.598 100.300 3,981.774
202006 3,560.101 99.900 4,048.323
202009 3,592.519 99.900 4,085.187
202012 3,633.745 99.300 4,157.034
202103 3,677.154 99.900 4,181.428
202106 3,678.363 99.500 4,199.618
202109 3,686.400 100.100 4,183.567
202112 3,693.222 100.100 4,191.309
202203 3,676.699 101.100 4,131.286
202206 3,691.380 101.800 4,119.261
202209 3,706.063 103.100 4,083.499
202212 3,737.467 104.100 4,078.542
202303 3,789.708 104.400 4,123.667
202306 3,855.576 105.200 4,163.436
202309 3,869.221 106.200 4,138.828
202312 3,916.062 106.800 4,165.399
202403 3,946.620 107.200 4,182.239
202406 3,979.090 108.200 4,177.677
202409 3,939.125 108.900 4,109.133
202412 3,977.467 110.700 4,081.664
202503 3,955.960 111.100 4,044.978
202506 3,942.978 111.700 4,010.047
202509 3,968.734 112.000 4,025.430
202512 4,050.669 113.000 4,072.177
202603 4,084.724 112.700 4,117.344
202606 4,111.118 113.600 4,111.118

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 0.48 mean?
Chofu Seisakusho Co (TSE:5946) has a Cyclically Adjusted PB Ratio of 0.48 as of Sep. 22, 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 Chofu Seisakusho Co and its competitors. This is 17% below median its historical median of 0.58. Over the past decade, Chofu Seisakusho Co's Cyclically Adjusted PB Ratio has ranged from 0.44 to 0.86. According to the industry distribution chart, Chofu Seisakusho Co ranks #76 out of 307 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 24.8%.
Is Chofu Seisakusho Co's Cyclically Adjusted PB Ratio too high?
Chofu Seisakusho Co's current Cyclically Adjusted PB Ratio of 0.48 is 17% below median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 0.86. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.13. Chofu Seisakusho Co's value of 0.48 is 57.5% below this industry median. Based on the distribution chart, Chofu Seisakusho Co ranks #76 out of 307 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Chofu Seisakusho Co has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chofu Seisakusho Co's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Chofu Seisakusho Co ranks #76 out of 307 companies for Cyclically Adjusted PB Ratio. This places Chofu Seisakusho Co in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.13. Chofu Seisakusho Co's value of 0.48 is 57.5% below this benchmark. Historically, Chofu Seisakusho Co's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 0.86 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 1.13, Chofu Seisakusho 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 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. Chofu Seisakusho Co's current Cyclically Adjusted PB Ratio of 0.48 is 57.5% 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 Chofu Seisakusho Co 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. Chofu Seisakusho Co's current Cyclically Adjusted PB Ratio is 0.48, which is 17% below median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chofu Seisakusho Co stock overvalued right now?
Based on GuruFocus' analysis, Chofu Seisakusho Co (TSE:5946) is currently considered Fairly Valued. The stock's GF Value™ is 円1,989.24, compared to a current price of 円1,983.00 — trading 0.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.48, which is 17% below median its 10-year median of 0.58 and 57.5% below the Furnishings, Fixtures & Appliances industry median of 1.13. Chofu Seisakusho Co's overall GF Score™ is 68/100 with 4 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 Chofu Seisakusho Co (TSE:5946), the current Cyclically Adjusted PB Ratio is 0.48 as of Sep. 22, 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 Chofu Seisakusho Co (TSE:5946) Overvalued in 2026?

Based on GuruFocus' analysis, Chofu Seisakusho Co stock appears to be undervalued. The current stock price of 円1,983.00 is trading 0.3% below its estimated GF Value™ of 円1,989.24. GuruFocus considers Chofu Seisakusho Co to be Fairly Valued.

Key valuation signals for TSE:5946:

  • Cyclically Adjusted PB Ratio: 0.48 (17% below median its 10-year median of 0.58)
  • GF Value™: 円1,989.24 vs. price of 円1,983.00 (0.3% below fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 57.5% below the Furnishings, Fixtures & Appliances median (#76 of 307)

No single metric tells the full story. See the TSE:5946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chofu Seisakusho Co Business Description

Address 2-1 Chofu ogimachi, Shimonoseki-shi, Yamaguchi, JPN, 752-8555
Chofu Seisakusho Co., Ltd. is a Japanese manufacturer of residential and commercial heating, hot-water, and climate-control equipment. Its core products include gas, oil, and electric water heaters, bath and kitchen systems, heat-pump water heaters, air-conditioning equipment, and solar thermal systems, sold mainly under the Chofu brand. The company also produces related components and commercial kitchen and household equipment. Customers are primarily Japanese households, builders, housing manufacturers, gas and energy utilities, and commercial facility operators, with distribution through utilities, construction channels, and dealers. Manufacturing, engineering, research and development, quality control, and sales and marketing are handled in-house, and the company operates almost entirely within Japan, generating revenue from product sales and related services.
68GF Score

Get the complete analysis for TSE:5946

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

円1,983.00
Price
円1,989.24
GF Value