Toyo Engineering (TSE:6330) Cyclically Adjusted PB Ratio: 2.11 (As of Aug. 06, 2026) — 264% Above Median

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TSE:6330 Toyo Engineering Corp TSE:6330
49 GF Score
Price 円2,018.00
GF Value 円668.80
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Toyo Engineering Cyclically Adjusted PB Ratio?

Toyo Engineering TSE:6330 -4.13% 49 Cyclically Adjusted PB Ratio is 2.11 as of Aug. 06, 2026, which is 264% above its 10-year median of 0.58. GuruFocus rates TSE:6330 with a GF Score™ of 49/100 and a GF Value™ of 円668.80 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,346 Construction companies, Toyo Engineering ranks worse than 67.9% on this metric.

As of today (2026-08-06), Toyo Engineering's current share price is 円2018.00. Toyo Engineering's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円956.49. Toyo Engineering's Cyclically Adjusted PB Ratio for today is 2.11.

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

TSE:6330' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.58   Max: 7
Current: 1.97

During the past years, Toyo Engineering's highest Cyclically Adjusted PB Ratio was 7.00. The lowest was 0.20. And the median was 0.58.

TSE:6330's Cyclically Adjusted PB Ratio is ranked worse than
67.9% of 1346 companies
in the Construction industry
Industry Median: 1.14 vs TSE:6330: 1.97

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.

Toyo Engineering's adjusted book value per share data for the three months ended in Mar. 2026 was 円742.449. 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956.49 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyo Engineering  (TSE:6330) 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.


Toyo Engineering Cyclically Adjusted PB Ratio Related Terms


Toyo Engineering Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Toyo Engineering'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.

Toyo Engineering Cyclically Adjusted PB Ratio Chart

Toyo Engineering 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 0.53 0.50 0.93 0.68 2.72

Toyo Engineering Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 0.68 0.78 1.60 3.15 2.72

TSE:6330 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Toyo Engineering'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.


Toyo Engineering Cyclically Adjusted PB Ratio vs Construction Industry

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

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


TSE:6330
49GF Score
Toyo Engineering Corp TSE:6330
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toyo Engineering 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.

Toyo Engineering's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2018.00/956.49
=2.11

* 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.

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

For example, Toyo Engineering'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)
=742.449/112.7000*112.7000
=742.449

Current CPI (Mar. 2026) = 112.7000.

Toyo Engineering Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,405.988 98.100 1,615.238
201609 1,345.505 98.000 1,547.331
201612 1,344.722 98.400 1,540.144
201703 1,337.368 98.100 1,536.405
201706 1,382.362 98.500 1,581.647
201709 1,425.244 98.800 1,625.759
201712 782.305 99.400 886.980
201803 654.885 99.200 744.007
201806 644.528 99.200 732.241
201809 653.841 99.900 737.616
201812 641.216 99.700 724.825
201903 618.388 99.700 699.020
201906 665.330 99.800 751.330
201909 642.874 100.100 723.795
201912 631.595 100.500 708.266
202003 611.897 100.300 687.545
202006 569.766 99.900 642.769
202009 586.711 99.900 661.885
202012 586.011 99.300 665.090
202103 681.433 99.900 768.744
202106 702.490 99.500 795.685
202109 719.468 100.100 810.030
202112 706.619 100.100 795.564
202203 757.500 101.100 844.414
202206 854.203 101.800 945.665
202209 857.633 103.100 937.490
202212 820.876 104.100 888.691
202303 834.832 104.400 901.203
202306 888.705 105.200 952.063
202309 938.004 106.200 995.415
202312 932.918 106.800 984.456
202403 1,091.041 107.200 1,147.018
202406 1,072.509 108.200 1,117.114
202409 1,068.738 108.900 1,106.031
202412 1,075.001 110.700 1,094.423
202503 1,024.079 111.100 1,038.827
202506 978.703 111.700 987.465
202509 918.975 112.000 924.719
202512 671.906 113.000 670.122
202603 742.449 112.700 742.449

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 2.11 mean?
Toyo Engineering (TSE:6330) has a Cyclically Adjusted PB Ratio of 2.11 as of Aug. 06, 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 Toyo Engineering and its competitors. This is 264% above median its historical median of 0.58. Over the past decade, Toyo Engineering's Cyclically Adjusted PB Ratio has ranged from 0.20 to 7.00. According to the industry distribution chart, Toyo Engineering ranks #914 out of 1346 companies in the Construction industry, placing it in the top 67.9%.
Is Toyo Engineering's Cyclically Adjusted PB Ratio too high?
Toyo Engineering's current Cyclically Adjusted PB Ratio of 2.11 is 264% above median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 7.00. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Toyo Engineering's value of 2.11 is 85.1% above this industry median. Based on the distribution chart, Toyo Engineering ranks #914 out of 1346 companies in the Construction industry, which is below the industry midpoint. Overall, Toyo Engineering has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyo Engineering's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Toyo Engineering ranks #914 out of 1346 companies for Cyclically Adjusted PB Ratio. This places Toyo Engineering in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Toyo Engineering's value of 2.11 is 85.1% above this benchmark. Historically, Toyo Engineering's own Cyclically Adjusted PB Ratio has ranged from 0.20 to 7.00 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 1.14, Toyo Engineering 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 1.14, based on 1,346 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. Toyo Engineering's current Cyclically Adjusted PB Ratio of 2.11 is 85.1% 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 Toyo Engineering and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Engineering's current Cyclically Adjusted PB Ratio is 2.11, which is 264% above 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 Toyo Engineering stock overvalued right now?
Based on GuruFocus' analysis, Toyo Engineering (TSE:6330) is currently considered Significantly Overvalued. The stock's GF Value™ is 円668.80, compared to a current price of 円2,018.00 — trading 201.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.11, which is 264% above median its 10-year median of 0.58 and 85.1% above the Construction industry median of 1.14. Toyo Engineering's overall GF Score™ is 49/100 with 6 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 Toyo Engineering (TSE:6330), the current Cyclically Adjusted PB Ratio is 2.11 as of Aug. 06, 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 Toyo Engineering (TSE:6330) Overvalued in 2026?

Based on GuruFocus' analysis, Toyo Engineering stock appears to be overvalued. The current stock price of 円2,018.00 is trading 201.7% above its estimated GF Value™ of 円668.80. GuruFocus considers Toyo Engineering to be Significantly Overvalued.

Key valuation signals for TSE:6330:

  • Cyclically Adjusted PB Ratio: 2.11 (264% above median its 10-year median of 0.58)
  • GF Value™: 円668.80 vs. price of 円2,018.00 (201.7% above fair value)
  • GF Score™: 49/100 with 6 warning signs
  • Industry Position: 85.1% above the Construction median (#914 of 1346)

No single metric tells the full story. See the TSE:6330 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyo Engineering Business Description

Other Exchanges 6AE:Germany
Address 2-8-1 Akanehama Narashino-shi, Chiba, JPN
Toyo Engineering Corp provides engineering and construction services for industrial facilities. It designs, procures materials, builds, and offers technical assistance for oil and gas, petrochemicals, water treatment, transportation, power generation, and other industrial markets. Project management skills partnered with technological solutions allow the company to offer customized solutions and manufacture various power plants and infrastructure projects. Toyo operates three business groups: engineering, procurement, and construction (the majority of total revenue); IT; and real estate. A global network of employees gathers data from customers, and company locations are spread across Asia, North America, and South America to collect regional information.
49GF Score

Get the complete analysis for TSE:6330

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

円2,018.00
Price
円668.80
GF Value