Marumae Co (TSE:6264) Cyclically Adjusted PB Ratio: 8.92 (As of Aug. 21, 2026) — 23% Above Median

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TSE:6264 Marumae Co Ltd TSE:6264
82 GF Score
Price 円2,084.00
GF Value 円2,562.04
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Marumae Co Cyclically Adjusted PB Ratio?

Marumae Co TSE:6264 +2.91% 82 Cyclically Adjusted PB Ratio is 8.92 as of Aug. 21, 2026, which is 23% above its 10-year median of 7.24. GuruFocus rates TSE:6264 with a GF Score™ of 82/100 and a GF Value™ of 円2,562.04 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,167 Industrial Products companies, Marumae Co ranks worse than 91.51% on this metric.

As of today (2026-08-21), Marumae Co's current share price is 円2084.00. Marumae Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円233.66. Marumae Co's Cyclically Adjusted PB Ratio for today is 8.92.

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

TSE:6264' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.61   Med: 7.24   Max: 23.07
Current: 9.19

During the past years, Marumae Co's highest Cyclically Adjusted PB Ratio was 23.07. The lowest was 2.61. And the median was 7.24.

TSE:6264's Cyclically Adjusted PB Ratio is ranked worse than
91.51% of 2167 companies
in the Industrial Products industry
Industry Median: 2.16 vs TSE:6264: 9.19

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.

Marumae Co's adjusted book value per share data for the three months ended in Feb. 2026 was 円379.645. 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233.66 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marumae Co  (TSE:6264) 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.


Marumae Co Cyclically Adjusted PB Ratio Related Terms


Marumae Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Marumae 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.

Marumae Co Cyclically Adjusted PB Ratio Chart

Marumae Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.39 8.22 5.66 4.02 3.72

Marumae Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 3.33 3.72 4.11 7.65 0.00

TSE:6264 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Marumae 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.


Marumae Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:6264
82GF Score
Marumae Co Ltd TSE:6264
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marumae 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2084.00/233.66
=8.92

* 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.

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

For example, Marumae Co's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=379.645/112.2000*112.2000
=379.645

Current CPI (Feb. 2026) = 112.2000.

Marumae Co Quarterly Data

Book Value per Share CPI Adj_Book
201602 39.203 97.800 44.975
201605 42.549 98.200 48.615
201608 46.450 97.900 53.235
201611 48.065 98.600 54.695
201702 53.183 98.100 60.827
201705 58.077 98.600 66.088
201708 131.682 98.500 149.997
201711 137.953 99.100 156.189
201802 145.820 99.500 164.432
201805 151.837 99.300 171.562
201808 196.601 99.800 221.028
201811 197.385 100.000 221.466
201902 198.944 99.700 223.887
201905 195.226 100.000 219.044
201908 203.322 100.000 228.127
201911 204.575 100.500 228.391
202002 209.928 100.300 234.835
202005 215.142 100.100 241.148
202008 222.842 100.100 249.779
202011 222.223 99.500 250.587
202102 228.347 99.800 256.719
202105 233.559 99.400 263.635
202108 247.096 99.700 278.076
202111 256.582 100.100 287.597
202202 273.419 100.700 304.644
202205 266.520 101.800 293.748
202208 289.027 102.700 315.763
202211 294.214 103.900 317.717
202302 302.162 104.000 325.986
202305 287.813 105.100 307.256
202308 295.628 105.900 313.215
202311 284.775 106.900 298.894
202402 283.244 106.900 297.287
202405 280.246 108.100 290.875
202408 283.044 109.100 291.086
202502 299.563 110.800 303.348
202505 283.817 111.800 284.832
202508 321.876 112.100 322.163
202511 327.779 113.200 324.883
202602 379.645 112.200 379.645

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 8.92 mean?
Marumae Co (TSE:6264) has a Cyclically Adjusted PB Ratio of 8.92 as of Aug. 21, 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 Marumae Co and its competitors. This is 23% above median its historical median of 7.24. Over the past decade, Marumae Co's Cyclically Adjusted PB Ratio has ranged from 2.61 to 23.07. According to the industry distribution chart, Marumae Co ranks #1983 out of 2167 companies in the Industrial Products industry, placing it in the top 91.5%.
Is Marumae Co's Cyclically Adjusted PB Ratio too high?
Marumae Co's current Cyclically Adjusted PB Ratio of 8.92 is 23% above median its 10-year median of 7.24. Over the past 10 years, this metric has ranged from a low of 2.61 to a high of 23.07. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.16. Marumae Co's value of 8.92 is 313% above this industry median. Based on the distribution chart, Marumae Co ranks #1983 out of 2167 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Marumae Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marumae Co's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Marumae Co ranks #1983 out of 2167 companies for Cyclically Adjusted PB Ratio. This places Marumae Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.16. Marumae Co's value of 8.92 is 313% above this benchmark. Historically, Marumae Co's own Cyclically Adjusted PB Ratio has ranged from 2.61 to 23.07 over the past decade. While the company's 10-year median is 7.24 vs. the industry median of 2.16, Marumae 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.16, based on 2,167 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. Marumae Co's current Cyclically Adjusted PB Ratio of 8.92 is 313% 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 Marumae Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marumae Co's current Cyclically Adjusted PB Ratio is 8.92, which is 23% above median its own 10-year median of 7.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marumae Co stock overvalued right now?
Based on GuruFocus' analysis, Marumae Co (TSE:6264) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,562.04, compared to a current price of 円2,084.00 — trading 18.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.92, which is 23% above median its 10-year median of 7.24 and 313% above the Industrial Products industry median of 2.16. Marumae Co's overall GF Score™ is 82/100 with 5 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 Marumae Co (TSE:6264), the current Cyclically Adjusted PB Ratio is 8.92 as of Aug. 21, 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 Marumae Co (TSE:6264) Overvalued in 2026?

Based on GuruFocus' analysis, Marumae Co stock appears to be undervalued. The current stock price of 円2,084.00 is trading 18.7% below its estimated GF Value™ of 円2,562.04. GuruFocus considers Marumae Co to be Modestly Undervalued.

Key valuation signals for TSE:6264:

  • Cyclically Adjusted PB Ratio: 8.92 (23% above median its 10-year median of 7.24)
  • GF Value™: 円2,562.04 vs. price of 円2,084.00 (18.7% below fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 313% above the Industrial Products median (#1983 of 2167)

No single metric tells the full story. See the TSE:6264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marumae Co Business Description

Address 2141 Onoharacho, Izumi City, Kagoshima, JPN, 899-0216
Marumae Co Ltd is a Japan-based machinery manufacturer. The company is mainly engaged in the designing, manufacturing, and processing of precision machinery and precision equipment. It offers liquid crystal manufacturing and semiconductor manufacturing equipment, industrial and medical machinery and equipment. It is also engaged in the development and sale of software, real estate leasing, and transportation business.
82GF Score

Get the complete analysis for TSE:6264

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

円2,084.00
Price
円2,562.04
GF Value