KOIKENSO KOGYO Co (TSE:6137) Cyclically Adjusted PB Ratio: 0.87 (As of Aug. 14, 2026) — 118% Above Median

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TSE:6137 KOIKE SANSO KOGYO Co Ltd TSE:6137
78 GF Score
Price 円1,478.00
GF Value 円1,276.64
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is KOIKENSO KOGYO Co Cyclically Adjusted PB Ratio?

KOIKENSO KOGYO Co TSE:6137 -0.74% 78 Cyclically Adjusted PB Ratio is 0.87 as of Aug. 14, 2026, which is 118% above its 10-year median of 0.40. GuruFocus rates TSE:6137 with a GF Score™ of 78/100 and a GF Value™ of 円1,276.64 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,229 Industrial Products companies, KOIKENSO KOGYO Co ranks better than 78.87% on this metric.

As of today (2026-08-14), KOIKENSO KOGYO Co's current share price is 円1478.00. KOIKENSO KOGYO Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,699.01. KOIKENSO KOGYO Co's Cyclically Adjusted PB Ratio for today is 0.87.

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

TSE:6137' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.4   Max: 1.38
Current: 0.89

During the past years, KOIKENSO KOGYO Co's highest Cyclically Adjusted PB Ratio was 1.38. The lowest was 0.27. And the median was 0.40.

TSE:6137's Cyclically Adjusted PB Ratio is ranked better than
78.87% of 2229 companies
in the Industrial Products industry
Industry Median: 2.17 vs TSE:6137: 0.89

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.

KOIKENSO KOGYO Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,223.306. 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1,699.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KOIKENSO KOGYO Co  (TSE:6137) 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.


KOIKENSO KOGYO Co Cyclically Adjusted PB Ratio Related Terms


KOIKENSO KOGYO Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KOIKENSO KOGYO 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.

KOIKENSO KOGYO Co Cyclically Adjusted PB Ratio Chart

KOIKENSO KOGYO Co 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 0.30 0.32 0.87 0.78 1.13

KOIKENSO KOGYO Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.78 0.83 0.87 0.95 1.13

TSE:6137 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, KOIKENSO KOGYO 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.


KOIKENSO KOGYO Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:6137
78GF Score
KOIKE SANSO KOGYO Co Ltd TSE:6137
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KOIKENSO KOGYO 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.

KOIKENSO KOGYO Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1478.00/1699.01
=0.87

* 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.

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

For example, KOIKENSO KOGYO 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)
=2223.306/112.7000*112.7000
=2,223.306

Current CPI (Mar. 2026) = 112.7000.

KOIKENSO KOGYO Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 1,324.878 97.900 1,525.166
201606 1,289.221 98.100 1,481.093
201609 1,274.533 98.000 1,465.713
201612 1,306.083 98.400 1,495.890
201703 1,372.457 98.100 1,576.717
201706 1,358.396 98.500 1,554.226
201709 1,367.432 98.800 1,559.814
201712 1,400.773 99.400 1,588.200
201803 1,420.150 99.200 1,613.416
201806 1,386.808 99.200 1,575.537
201809 1,404.784 99.900 1,584.776
201812 1,407.200 99.700 1,590.686
201903 1,410.099 99.700 1,593.963
201906 1,413.385 99.800 1,596.077
201909 1,414.835 100.100 1,592.926
201912 1,430.877 100.500 1,604.576
202003 1,395.515 100.300 1,568.041
202006 1,383.603 99.900 1,560.881
202009 1,379.455 99.900 1,556.202
202012 1,395.611 99.300 1,583.941
202103 1,417.919 99.900 1,599.594
202106 1,423.025 99.500 1,611.808
202109 1,463.054 100.100 1,647.215
202112 1,459.249 100.100 1,642.931
202203 1,477.111 101.100 1,646.592
202206 1,501.488 101.800 1,662.256
202209 1,553.887 103.100 1,698.575
202212 1,590.643 104.100 1,722.051
202303 1,585.155 104.400 1,711.178
202306 1,625.203 105.200 1,741.068
202309 1,709.165 106.200 1,813.775
202312 1,769.077 106.800 1,866.807
202403 1,868.985 107.200 1,964.875
202406 1,898.575 108.200 1,977.536
202409 1,951.428 108.900 2,019.522
202503 2,018.595 111.100 2,047.666
202506 1,999.288 111.700 2,017.187
202509 2,009.048 112.000 2,021.605
202512 2,067.314 113.000 2,061.826
202603 2,223.306 112.700 2,223.306

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 0.87 mean?
KOIKENSO KOGYO Co (TSE:6137) has a Cyclically Adjusted PB Ratio of 0.87 as of Aug. 14, 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 KOIKENSO KOGYO Co and its competitors. This is 118% above median its historical median of 0.40. Over the past decade, KOIKENSO KOGYO Co's Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.38. According to the industry distribution chart, KOIKENSO KOGYO Co ranks #471 out of 2229 companies in the Industrial Products industry, placing it in the top 21.1%.
Is KOIKENSO KOGYO Co's Cyclically Adjusted PB Ratio too high?
KOIKENSO KOGYO Co's current Cyclically Adjusted PB Ratio of 0.87 is 118% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.38. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.17. KOIKENSO KOGYO Co's value of 0.87 is 59.9% below this industry median. Based on the distribution chart, KOIKENSO KOGYO Co ranks #471 out of 2229 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, KOIKENSO KOGYO Co has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KOIKENSO KOGYO Co's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, KOIKENSO KOGYO Co ranks #471 out of 2229 companies for Cyclically Adjusted PB Ratio. This places KOIKENSO KOGYO Co in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.17. KOIKENSO KOGYO Co's value of 0.87 is 59.9% below this benchmark. Historically, KOIKENSO KOGYO Co's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.38 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 2.17, KOIKENSO KOGYO 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 2.17, based on 2,229 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. KOIKENSO KOGYO Co's current Cyclically Adjusted PB Ratio of 0.87 is 59.9% 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 KOIKENSO KOGYO Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KOIKENSO KOGYO Co's current Cyclically Adjusted PB Ratio is 0.87, which is 118% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KOIKENSO KOGYO Co stock overvalued right now?
Based on GuruFocus' analysis, KOIKENSO KOGYO Co (TSE:6137) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,276.64, compared to a current price of 円1,478.00 — trading 15.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.87, which is 118% above median its 10-year median of 0.40 and 59.9% below the Industrial Products industry median of 2.17. KOIKENSO KOGYO Co's overall GF Score™ is 78/100 with 2 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 KOIKENSO KOGYO Co (TSE:6137), the current Cyclically Adjusted PB Ratio is 0.87 as of Aug. 14, 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 KOIKENSO KOGYO Co (TSE:6137) Overvalued in 2026?

Based on GuruFocus' analysis, KOIKENSO KOGYO Co stock appears to be overvalued. The current stock price of 円1,478.00 is trading 15.8% above its estimated GF Value™ of 円1,276.64. GuruFocus considers KOIKENSO KOGYO Co to be Modestly Overvalued.

Key valuation signals for TSE:6137:

  • Cyclically Adjusted PB Ratio: 0.87 (118% above median its 10-year median of 0.40)
  • GF Value™: 円1,276.64 vs. price of 円1,478.00 (15.8% above fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 59.9% below the Industrial Products median (#471 of 2229)

No single metric tells the full story. See the TSE:6137 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KOIKENSO KOGYO Co Business Description

Address 1-9-3, Onodai, Midori-ku, Chiba-shi, Chiba, JPN, 267-0056
KOIKE SANSO KOGYO Co Ltd is a Japan-based machine manufacturer. The company is engaged in the manufacturing and sale of processing machines and systems for welding and cutting and related products. The products offered by the company include gas equipment, exhaust gas treatment equipment, cutting and welding machine. The company caters its products and services to shipbuilding, steel bridges, construction machinery, industrial machinery, automobiles, electric products, and semiconductor industries. KOIKE SANSO KOGYO sells its products in Japan and overseas market.
78GF Score

Get the complete analysis for TSE:6137

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

円1,478.00
Price
円1,276.64
GF Value