DMW (TSE:6365) Cyclically Adjusted PB Ratio: 1.03 (As of Aug. 23, 2026) — 30% Above Median

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TSE:6365 DMW Corp TSE:6365
87 GF Score
Price 円5,570.00
GF Value 円4,714.69
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is DMW Cyclically Adjusted PB Ratio?

DMW TSE:6365 -1.24% 87 Cyclically Adjusted PB Ratio is 1.03 as of Aug. 23, 2026, which is 30% above its 10-year median of 0.79. GuruFocus rates TSE:6365 with a GF Score™ of 87/100 and a GF Value™ of 円4,714.69 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,133 Industrial Products companies, DMW ranks better than 74.07% on this metric.

As of today (2026-08-23), DMW's current share price is 円5570.00. DMW's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円5,395.19. DMW's Cyclically Adjusted PB Ratio for today is 1.03.

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

TSE:6365' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.79   Max: 1.14
Current: 1.03

During the past years, DMW's highest Cyclically Adjusted PB Ratio was 1.14. The lowest was 0.55. And the median was 0.79.

TSE:6365's Cyclically Adjusted PB Ratio is ranked better than
74.07% of 2133 companies
in the Industrial Products industry
Industry Median: 2.09 vs TSE:6365: 1.03

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.

DMW's adjusted book value per share data for the three months ended in Mar. 2026 was 円7,386.988. 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5,395.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DMW  (TSE:6365) 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.


DMW Cyclically Adjusted PB Ratio Related Terms


DMW Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DMW'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.

DMW Cyclically Adjusted PB Ratio Chart

DMW 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 0.83 0.72 0.85 0.83 1.11

DMW Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.92 1.00 0.99 1.11 0.00

TSE:6365 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, DMW'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.


DMW Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:6365
87GF Score
DMW Corp TSE:6365
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DMW 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.

DMW's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5570.00/5395.19
=1.03

* 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.

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

For example, DMW'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)
=7386.988/112.7000*112.7000
=7,386.988

Current CPI (Mar. 2026) = 112.7000.

DMW Quarterly Data

Book Value per Share CPI Adj_Book
201603 3,697.775 97.900 4,256.785
201606 3,582.100 98.100 4,115.216
201609 3,613.385 98.000 4,155.393
201612 3,671.776 98.400 4,205.378
201703 3,880.379 98.100 4,457.887
201706 3,855.258 98.500 4,411.041
201709 3,857.133 98.800 4,399.786
201712 3,855.323 99.400 4,371.176
201803 4,096.018 99.200 4,653.440
201806 4,068.220 99.200 4,621.859
201809 4,091.197 99.900 4,615.394
201812 4,006.251 99.700 4,528.631
201903 4,307.358 99.700 4,868.999
201906 4,237.081 99.800 4,784.760
201909 4,199.341 100.100 4,727.929
201912 4,179.375 100.500 4,686.722
202003 4,468.234 100.300 5,020.638
202006 4,416.104 99.900 4,981.931
202009 4,458.570 99.900 5,029.838
202012 4,447.917 99.300 5,048.139
202103 4,958.639 99.900 5,593.980
202106 4,920.113 99.500 5,572.832
202109 4,941.385 100.100 5,563.378
202112 4,949.185 100.100 5,572.159
202203 5,350.815 101.100 5,964.756
202206 5,278.762 101.800 5,843.973
202209 5,304.748 103.100 5,798.692
202212 5,342.310 104.100 5,783.654
202303 5,646.601 104.400 6,095.517
202306 5,638.574 105.200 6,040.564
202309 5,737.960 106.200 6,089.153
202312 5,754.601 106.800 6,072.505
202403 6,170.599 107.200 6,487.188
202406 6,152.194 108.200 6,408.062
202409 6,029.717 108.900 6,240.120
202503 6,717.355 111.100 6,814.095
202506 6,686.942 111.700 6,746.807
202509 6,841.737 112.000 6,884.498
202512 6,926.265 113.000 6,907.877
202603 7,386.988 112.700 7,386.988

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 1.03 mean?
DMW (TSE:6365) has a Cyclically Adjusted PB Ratio of 1.03 as of Aug. 23, 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 DMW and its competitors. This is 30% above median its historical median of 0.79. Over the past decade, DMW's Cyclically Adjusted PB Ratio has ranged from 0.55 to 1.14. According to the industry distribution chart, DMW ranks #553 out of 2133 companies in the Industrial Products industry, placing it in the top 25.9%.
Is DMW's Cyclically Adjusted PB Ratio too high?
DMW's current Cyclically Adjusted PB Ratio of 1.03 is 30% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.14. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.09. DMW's value of 1.03 is 50.7% below this industry median. Based on the distribution chart, DMW ranks #553 out of 2133 companies in the Industrial Products industry, which is above the industry midpoint. Overall, DMW has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DMW's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, DMW ranks #553 out of 2133 companies for Cyclically Adjusted PB Ratio. This puts DMW in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.09. DMW's value of 1.03 is 50.7% below this benchmark. Historically, DMW's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 1.14 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 2.09, DMW 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 2.09, based on 2,133 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. DMW's current Cyclically Adjusted PB Ratio of 1.03 is 50.7% 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 DMW and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DMW's current Cyclically Adjusted PB Ratio is 1.03, which is 30% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DMW stock overvalued right now?
Based on GuruFocus' analysis, DMW (TSE:6365) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,714.69, compared to a current price of 円5,570.00 — trading 18.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.03, which is 30% above median its 10-year median of 0.79 and 50.7% below the Industrial Products industry median of 2.09. DMW's overall GF Score™ is 87/100 with 3 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 DMW (TSE:6365), the current Cyclically Adjusted PB Ratio is 1.03 as of Aug. 23, 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 DMW (TSE:6365) Overvalued in 2026?

Based on GuruFocus' analysis, DMW stock appears to be overvalued. The current stock price of 円5,570.00 is trading 18.1% above its estimated GF Value™ of 円4,714.69. GuruFocus considers DMW to be Modestly Overvalued.

Key valuation signals for TSE:6365:

  • Cyclically Adjusted PB Ratio: 1.03 (30% above median its 10-year median of 0.79)
  • GF Value™: 円4,714.69 vs. price of 円5,570.00 (18.1% above fair value)
  • GF Score™: 87/100 with 3 warning signs
  • Industry Position: 50.7% below the Industrial Products median (#553 of 2133)

No single metric tells the full story. See the TSE:6365 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DMW Business Description

Address 1-5-1 Omorikita, Ota Ward, Tokyo, JPN, 143-8558
DMW Corp is engaged in the manufacturing and sale of fluid machinery; wastewater treatment equipment and waste processing equipment; switchboards and electrical instrumentation control devices and telecommunications control devices; energy recovery devices for seawater desalination; planning, designing, supervision and installation for the equipments; manufacture and sale of equipment related to dredging as well as dredging work; leasing and management of real estate; investment and financial services to other businesses.
87GF Score

Get the complete analysis for TSE:6365

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

円5,570.00
Price
円4,714.69
GF Value