C. E. Management Integrated Laboratory Co (TSE:6171) Cyclically Adjusted PB Ratio: 1.16 (As of Aug. 20, 2026) — 11% Below Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:6171 C. E. Management Integrated Laboratory Co Ltd TSE:6171
65 GF Score
Price 円372.00
GF Value 円368.16
Valuation Fairly Valued
View Full Analysis

What is C. E. Management Integrated Laboratory Co Cyclically Adjusted PB Ratio?

C. E. Management Integrated Laboratory Co TSE:6171 -1.33% 65 Cyclically Adjusted PB Ratio is 1.16 as of Aug. 20, 2026, which is 11% below its 10-year median of 1.30. GuruFocus rates TSE:6171 with a GF Score™ of 65/100 and a GF Value™ of 円368.16 (Fairly Valued). Among 1,299 Construction companies, C. E. Management Integrated Laboratory Co ranks worse than 51.35% on this metric.

As of today (2026-08-20), C. E. Management Integrated Laboratory Co's current share price is 円372.00. C. E. Management Integrated Laboratory Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円321.97. C. E. Management Integrated Laboratory Co's Cyclically Adjusted PB Ratio for today is 1.16.

The historical rank and industry rank for C. E. Management Integrated Laboratory Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:6171' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.02   Med: 1.3   Max: 1.75
Current: 1.17

During the past years, C. E. Management Integrated Laboratory Co's highest Cyclically Adjusted PB Ratio was 1.75. The lowest was 1.02. And the median was 1.30.

TSE:6171's Cyclically Adjusted PB Ratio is ranked worse than
51.35% of 1299 companies
in the Construction industry
Industry Median: 1.15 vs TSE:6171: 1.17

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.

C. E. Management Integrated Laboratory Co's adjusted book value per share data for the three months ended in Jun. 2026 was 円368.850. 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321.97 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


C. E. Management Integrated Laboratory Co  (TSE:6171) 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.


C. E. Management Integrated Laboratory Co Cyclically Adjusted PB Ratio Related Terms


C. E. Management Integrated Laboratory Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for C. E. Management Integrated Laboratory 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.

C. E. Management Integrated Laboratory Co Cyclically Adjusted PB Ratio Chart

C. E. Management Integrated Laboratory 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 0.00 0.00 0.00 1.03 1.33

C. E. Management Integrated Laboratory Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 1.16 1.59 1.33 1.26 1.18

TSE:6171 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, C. E. Management Integrated Laboratory 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.


C. E. Management Integrated Laboratory Co Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, C. E. Management Integrated Laboratory Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where C. E. Management Integrated Laboratory Co's Cyclically Adjusted PB Ratio falls into.


TSE:6171
65GF Score
C. E. Management Integrated Laboratory Co Ltd TSE:6171
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

C. E. Management Integrated Laboratory 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.

C. E. Management Integrated Laboratory Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=372.00/321.97
=1.16

* 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.

C. E. Management Integrated Laboratory Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, C. E. Management Integrated Laboratory 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)
=368.85/113.6000*113.6000
=368.850

Current CPI (Jun. 2026) = 113.6000.

C. E. Management Integrated Laboratory Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 187.291 98.100 216.883
201609 185.527 98.000 215.060
201612 201.068 98.400 232.127
201703 201.965 98.100 233.876
201706 202.462 98.500 233.499
201709 199.785 98.800 229.712
201712 230.274 99.400 263.170
201803 255.925 99.200 293.075
201806 270.558 99.200 309.833
201809 269.477 99.900 306.432
201812 277.716 99.700 316.435
201903 283.187 99.700 322.668
201906 286.457 99.800 326.067
201909 286.004 100.100 324.576
201912 291.725 100.500 329.751
202003 293.909 100.300 332.882
202006 298.775 99.900 339.748
202009 291.766 99.900 331.778
202012 301.694 99.300 345.140
202103 302.190 99.900 343.631
202106 307.886 99.500 351.516
202109 302.960 100.100 343.819
202112 306.622 100.100 347.975
202203 307.781 101.100 345.835
202206 312.222 101.800 348.413
202209 304.849 103.100 335.896
202212 321.754 104.100 351.117
202303 323.625 104.400 352.144
202306 327.890 105.200 354.071
202309 321.298 106.200 343.686
202312 326.042 106.800 346.801
202403 328.835 107.200 348.467
202406 333.140 108.200 349.766
202412 342.681 110.700 351.658
202503 344.462 111.100 352.213
202506 347.093 111.700 352.997
202509 342.251 112.000 347.140
202512 363.906 113.000 365.838
202603 371.146 112.700 374.110
202606 368.850 113.600 368.850

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 1.16 mean?
C. E. Management Integrated Laboratory Co (TSE:6171) has a Cyclically Adjusted PB Ratio of 1.16 as of Aug. 20, 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 C. E. Management Integrated Laboratory Co and its competitors. This is 11% below median its historical median of 1.30. Over the past decade, C. E. Management Integrated Laboratory Co's Cyclically Adjusted PB Ratio has ranged from 1.02 to 1.75. According to the industry distribution chart, C. E. Management Integrated Laboratory Co ranks #667 out of 1299 companies in the Construction industry, placing it in the top 51.3%.
Is C. E. Management Integrated Laboratory Co's Cyclically Adjusted PB Ratio too high?
C. E. Management Integrated Laboratory Co's current Cyclically Adjusted PB Ratio of 1.16 is 11% below median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 1.75. The Construction industry median Cyclically Adjusted PB Ratio is 1.15. C. E. Management Integrated Laboratory Co's value of 1.16 is 0.9% above this industry median. Based on the distribution chart, C. E. Management Integrated Laboratory Co ranks #667 out of 1299 companies in the Construction industry, which is below the industry midpoint. Overall, C. E. Management Integrated Laboratory Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does C. E. Management Integrated Laboratory Co's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, C. E. Management Integrated Laboratory Co ranks #667 out of 1299 companies for Cyclically Adjusted PB Ratio. This places C. E. Management Integrated Laboratory Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. C. E. Management Integrated Laboratory Co's value of 1.16 is 0.9% above this benchmark. Historically, C. E. Management Integrated Laboratory Co's own Cyclically Adjusted PB Ratio has ranged from 1.02 to 1.75 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.15, C. E. Management Integrated Laboratory Co has consistently been above 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.15, based on 1,299 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. C. E. Management Integrated Laboratory Co's current Cyclically Adjusted PB Ratio of 1.16 is 0.9% above 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 C. E. Management Integrated Laboratory Co and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. C. E. Management Integrated Laboratory Co's current Cyclically Adjusted PB Ratio is 1.16, which is 11% below median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C. E. Management Integrated Laboratory Co stock overvalued right now?
Based on GuruFocus' analysis, C. E. Management Integrated Laboratory Co (TSE:6171) is currently considered Fairly Valued. The stock's GF Value™ is 円368.16, compared to a current price of 円372.00 — trading 1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.16, which is 11% below median its 10-year median of 1.30 and 0.9% above the Construction industry median of 1.15. C. E. Management Integrated Laboratory Co's overall GF Score™ is 65/100. 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 C. E. Management Integrated Laboratory Co (TSE:6171), the current Cyclically Adjusted PB Ratio is 1.16 as of Aug. 20, 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 C. E. Management Integrated Laboratory Co (TSE:6171) Overvalued in 2026?

Based on GuruFocus' analysis, C. E. Management Integrated Laboratory Co stock appears to be overvalued. The current stock price of 円372.00 is trading 1% above its estimated GF Value™ of 円368.16. GuruFocus considers C. E. Management Integrated Laboratory Co to be Fairly Valued.

Key valuation signals for TSE:6171:

  • Cyclically Adjusted PB Ratio: 1.16 (11% below median its 10-year median of 1.30)
  • GF Value™: 円368.16 vs. price of 円372.00 (1% above fair value)
  • GF Score™: 65/100
  • Industry Position: 0.9% above the Construction median (#667 of 1299)

No single metric tells the full story. See the TSE:6171 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


C. E. Management Integrated Laboratory Co Business Description

Address 877-1, Shinonoi Gobegawa, Nagano, JPN, 388?8006
C. E. Management Integrated Laboratory Co Ltd is engaged in civil engineering and construction work. It also provides ground survey, geological survey, environmental research, disaster prevention system, and informatization construction. The company has three business segments. The Comprehensive Test Service segment is engaged in the provision of soil and geological survey tests, non-destructive survey tests, and environmental survey test services that are necessary for civil engineering construction works. The Ground Reinforcement Service segment is engaged in ground reinforcement work. The Software Development and Sales segment is engaged in the development and sale of software.
65GF Score

Get the complete analysis for TSE:6171

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

円372.00
Price
円368.16
GF Value