Tsukishima Holdings Co (TSE:6332) Cyclically Adjusted PB Ratio: 1.48 (As of Aug. 13, 2026) — 51% Above Median

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TSE:6332 Tsukishima Holdings Co Ltd TSE:6332
85 GF Score
Price 円2,725.00
GF Value 円2,147.19
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Tsukishima Holdings Co Cyclically Adjusted PB Ratio?

Tsukishima Holdings Co TSE:6332 -0.87% 85 Cyclically Adjusted PB Ratio is 1.48 as of Aug. 13, 2026, which is 51% above its 10-year median of 0.98. GuruFocus rates TSE:6332 with a GF Score™ of 85/100 and a GF Value™ of 円2,147.19 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,229 Industrial Products companies, Tsukishima Holdings Co ranks better than 63.3% on this metric.

As of today (2026-08-13), Tsukishima Holdings Co's current share price is 円2725.00. Tsukishima Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,843.16. Tsukishima Holdings Co's Cyclically Adjusted PB Ratio for today is 1.48.

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

TSE:6332' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.98   Max: 1.92
Current: 1.48

During the past years, Tsukishima Holdings Co's highest Cyclically Adjusted PB Ratio was 1.92. The lowest was 0.59. And the median was 0.98.

TSE:6332's Cyclically Adjusted PB Ratio is ranked better than
63.3% of 2229 companies
in the Industrial Products industry
Industry Median: 2.17 vs TSE:6332: 1.48

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.

Tsukishima Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,482.002. 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1,843.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsukishima Holdings Co  (TSE:6332) 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.


Tsukishima Holdings Co Cyclically Adjusted PB Ratio Related Terms


Tsukishima Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tsukishima Holdings 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.

Tsukishima Holdings Co Cyclically Adjusted PB Ratio Chart

Tsukishima Holdings 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 0.76 0.71 0.87 0.99 1.46

Tsukishima Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 1.21 1.64 1.55 1.46 0.00

TSE:6332 vs VLTO, ZWS, CECO: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Tsukishima Holdings 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.


Tsukishima Holdings Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:6332
85GF Score
Tsukishima Holdings Co Ltd TSE:6332
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tsukishima Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2725.00/1843.16
=1.48

* 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.

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

For example, Tsukishima Holdings 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)
=2482.002/112.7000*112.7000
=2,482.002

Current CPI (Mar. 2026) = 112.7000.

Tsukishima Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 1,304.079 98.100 1,498.162
201603 1,323.843 97.900 1,523.975
201606 1,277.798 98.100 1,467.970
201609 1,302.941 98.000 1,498.382
201612 1,344.495 98.400 1,539.884
201703 1,376.564 98.100 1,581.435
201706 1,386.314 98.500 1,586.168
201709 1,437.511 98.800 1,639.752
201712 1,475.603 99.400 1,673.043
201803 1,454.810 99.200 1,652.793
201806 1,457.699 99.200 1,656.075
201809 1,492.980 99.900 1,684.273
201812 1,445.872 99.700 1,634.401
201903 1,513.369 99.700 1,710.699
201906 1,475.947 99.800 1,666.726
201909 1,478.688 100.100 1,664.817
201912 1,507.590 100.500 1,690.601
202003 1,526.231 100.300 1,714.918
202006 1,519.994 99.900 1,714.748
202009 1,541.777 99.900 1,739.322
202012 1,573.171 99.300 1,785.462
202103 1,614.970 99.900 1,821.893
202106 1,617.698 99.500 1,832.307
202109 1,653.519 100.100 1,861.654
202112 1,668.004 100.100 1,877.963
202203 1,805.870 101.100 2,013.072
202206 1,780.655 101.800 1,971.315
202209 1,797.124 103.100 1,964.460
202212 1,824.838 104.100 1,975.593
202303 1,892.085 104.400 2,042.509
202306 1,924.808 105.200 2,062.033
202309 1,970.529 106.200 2,091.136
202312 1,961.270 106.800 2,069.617
202403 2,040.889 107.200 2,145.599
202409 2,041.564 108.900 2,112.803
202503 2,159.242 111.100 2,190.338
202506 2,163.312 111.700 2,182.679
202509 2,350.770 112.000 2,365.462
202512 2,346.766 113.000 2,340.536
202603 2,482.002 112.700 2,482.002

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 1.48 mean?
Tsukishima Holdings Co (TSE:6332) has a Cyclically Adjusted PB Ratio of 1.48 as of Aug. 13, 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 Tsukishima Holdings Co and its competitors. This is 51% above median its historical median of 0.98. Over the past decade, Tsukishima Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.59 to 1.92. According to the industry distribution chart, Tsukishima Holdings Co ranks #818 out of 2229 companies in the Industrial Products industry, placing it in the top 36.7%.
Is Tsukishima Holdings Co's Cyclically Adjusted PB Ratio too high?
Tsukishima Holdings Co's current Cyclically Adjusted PB Ratio of 1.48 is 51% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.92. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.17. Tsukishima Holdings Co's value of 1.48 is 31.8% below this industry median. Based on the distribution chart, Tsukishima Holdings Co ranks #818 out of 2229 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Tsukishima Holdings Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tsukishima Holdings Co's Cyclically Adjusted PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Tsukishima Holdings Co ranks #818 out of 2229 companies for Cyclically Adjusted PB Ratio. This puts Tsukishima Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.17. Tsukishima Holdings Co's value of 1.48 is 31.8% below this benchmark. Historically, Tsukishima Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 1.92 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 2.17, Tsukishima Holdings 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. Tsukishima Holdings Co's current Cyclically Adjusted PB Ratio of 1.48 is 31.8% 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 Tsukishima Holdings 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. Tsukishima Holdings Co's current Cyclically Adjusted PB Ratio is 1.48, which is 51% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsukishima Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Tsukishima Holdings Co (TSE:6332) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,147.19, compared to a current price of 円2,725.00 — trading 26.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.48, which is 51% above median its 10-year median of 0.98 and 31.8% below the Industrial Products industry median of 2.17. Tsukishima Holdings Co's overall GF Score™ is 85/100 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 Tsukishima Holdings Co (TSE:6332), the current Cyclically Adjusted PB Ratio is 1.48 as of Aug. 13, 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 Tsukishima Holdings Co (TSE:6332) Overvalued in 2026?

Based on GuruFocus' analysis, Tsukishima Holdings Co stock appears to be overvalued. The current stock price of 円2,725.00 is trading 26.9% above its estimated GF Value™ of 円2,147.19. GuruFocus considers Tsukishima Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:6332:

  • Cyclically Adjusted PB Ratio: 1.48 (51% above median its 10-year median of 0.98)
  • GF Value™: 円2,147.19 vs. price of 円2,725.00 (26.9% above fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 31.8% below the Industrial Products median (#818 of 2229)

No single metric tells the full story. See the TSE:6332 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsukishima Holdings Co Business Description

Address 3-5-1, Harumi, Chuo-ku, Tokyo, JPN
Tsukishima Holdings Co Ltd is involved in environmental-related businesses operating in three segments Water Environment, Industrial, and Others. The Water Environment segment designs and constructs sludge disposal treatment plants for water filter and sewage treatment plants; singular machineries, as well as the operates, maintains, manages and repair water filters and sewage treatment plants. The Industrial segment is engaged in the design and construction of plants for chemicals, steel, foods, liquid waste disposal and solid waste disposal; the design, manufacture, and sale of crystallizers, filters, dryers, separators and gas holders, and the design and manufacture of vacuum technology applied devices, among others.
85GF Score

Get the complete analysis for TSE:6332

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

円2,725.00
Price
円2,147.19
GF Value