Tadano (TSE:6395) Cyclically Adjusted PB Ratio: 0.97 (As of Aug. 27, 2026) — Near 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:6395 Tadano Ltd TSE:6395
79 GF Score
Price 円1,382.00
GF Value 円1,465.86
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Tadano Cyclically Adjusted PB Ratio?

Tadano TSE:6395 +0.73% 79 Cyclically Adjusted PB Ratio is 0.97 as of Aug. 27, 2026, which is at its 10-year median of 0.97. GuruFocus rates TSE:6395 with a GF Score™ of 79/100 and a GF Value™ of 円1,465.86 (Fairly Valued). The stock has 4 warning signs investors should review. Among 158 Farm & Heavy Construction Machinery companies, Tadano ranks better than 74.68% on this metric.

As of today (2026-08-27), Tadano's current share price is 円1382.00. Tadano's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円1,429.05. Tadano's Cyclically Adjusted PB Ratio for today is 0.97.

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

TSE:6395' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 0.97   Max: 2.56
Current: 0.96

During the past years, Tadano's highest Cyclically Adjusted PB Ratio was 2.56. The lowest was 0.68. And the median was 0.97.

TSE:6395's Cyclically Adjusted PB Ratio is ranked better than
74.68% of 158 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.505 vs TSE:6395: 0.96

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.

Tadano's adjusted book value per share data for the three months ended in Jun. 2026 was 円1,715.879. 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1,429.05 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tadano  (TSE:6395) 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.


Tadano Cyclically Adjusted PB Ratio Related Terms


Tadano Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tadano'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.

Tadano Cyclically Adjusted PB Ratio Chart

Tadano Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 1.20 0.97 0.96 0.86

Tadano Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.71 0.76 0.76 0.93 0.89

TSE:6395 vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Tadano'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.


Tadano Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tadano's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:6395
79GF Score
Tadano Ltd TSE:6395
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tadano 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1382.00/1429.05
=0.97

* 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.

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

For example, Tadano'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)
=1715.879/113.6000*113.6000
=1,715.879

Current CPI (Jun. 2026) = 113.6000.

Tadano Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,066.268 98.000 1,236.000
201612 1,082.197 98.400 1,249.366
201703 1,121.856 98.100 1,299.112
201706 1,120.261 98.500 1,291.996
201709 1,159.895 98.800 1,333.644
201712 1,162.754 99.400 1,328.862
201803 1,180.248 99.200 1,351.574
201806 1,171.625 99.200 1,341.700
201809 1,187.806 99.900 1,350.698
201812 1,183.407 99.700 1,348.396
201903 1,215.944 99.700 1,385.469
201906 1,202.377 99.800 1,368.638
201909 1,232.646 100.100 1,398.887
201912 1,220.564 100.500 1,379.662
202003 1,241.317 100.300 1,405.918
202006 1,218.779 99.900 1,385.919
202009 1,198.247 99.900 1,362.571
202012 1,168.309 99.300 1,336.555
202103 1,136.984 99.900 1,292.907
202106 1,230.761 99.500 1,405.170
202109 1,240.177 100.100 1,407.434
202112 1,230.895 100.100 1,396.900
202203 1,255.100 101.100 1,410.281
202206 1,325.177 101.800 1,478.783
202209 1,331.827 103.100 1,467.464
202212 1,319.088 104.100 1,439.466
202303 1,327.883 104.400 1,444.900
202306 1,381.942 105.200 1,492.287
202309 1,399.277 106.200 1,496.778
202312 1,426.374 106.800 1,517.192
202403 1,447.846 107.200 1,534.285
202406 1,491.797 108.200 1,566.249
202409 1,479.826 108.900 1,543.694
202412 1,484.910 110.700 1,523.810
202503 1,477.695 111.100 1,510.946
202506 1,478.058 111.700 1,503.200
202509 1,557.441 112.000 1,579.690
202512 1,629.198 113.000 1,637.849
202603 1,628.828 112.700 1,641.835
202606 1,715.879 113.600 1,715.879

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 0.97 mean?
Tadano (TSE:6395) has a Cyclically Adjusted PB Ratio of 0.97 as of Aug. 27, 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 Tadano and its competitors. This is near median its historical median of 0.97. Over the past decade, Tadano's Cyclically Adjusted PB Ratio has ranged from 0.68 to 2.56. According to the industry distribution chart, Tadano ranks #40 out of 158 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 25.3%.
Is Tadano's Cyclically Adjusted PB Ratio too high?
Tadano's current Cyclically Adjusted PB Ratio of 0.97 is near median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 2.56. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.51. Tadano's value of 0.97 is 35.5% below this industry median. Based on the distribution chart, Tadano ranks #40 out of 158 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Tadano has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tadano's Cyclically Adjusted PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Tadano ranks #40 out of 158 companies for Cyclically Adjusted PB Ratio. This puts Tadano in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Tadano's value of 0.97 is 35.5% below this benchmark. Historically, Tadano's own Cyclically Adjusted PB Ratio has ranged from 0.68 to 2.56 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 1.51, Tadano 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 a Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PB Ratio among Farm & Heavy Construction Machinery companies is 1.51, based on 158 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. Tadano's current Cyclically Adjusted PB Ratio of 0.97 is 35.5% 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 Tadano and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tadano's current Cyclically Adjusted PB Ratio is 0.97, which is near median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tadano stock overvalued right now?
Based on GuruFocus' analysis, Tadano (TSE:6395) is currently considered Fairly Valued. The stock's GF Value™ is 円1,465.86, compared to a current price of 円1,382.00 — trading 5.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.97, which is near median its 10-year median of 0.97 and 35.5% below the Farm & Heavy Construction Machinery industry median of 1.51. Tadano's overall GF Score™ is 79/100 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 Tadano (TSE:6395), the current Cyclically Adjusted PB Ratio is 0.97 as of Aug. 27, 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 Tadano (TSE:6395) Overvalued in 2026?

Based on GuruFocus' analysis, Tadano stock appears to be undervalued. The current stock price of 円1,382.00 is trading 5.7% below its estimated GF Value™ of 円1,465.86. GuruFocus considers Tadano to be Fairly Valued.

Key valuation signals for TSE:6395:

  • Cyclically Adjusted PB Ratio: 0.97 (near median its 10-year median of 0.97)
  • GF Value™: 円1,465.86 vs. price of 円1,382.00 (5.7% below fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 35.5% below the Farm & Heavy Construction Machinery median (#40 of 158)

No single metric tells the full story. See the TSE:6395 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tadano Business Description

Address 34 Kou, Nittacho, Kagawa Prefecture, Takamatsu City1, JPN, 761-0185
Tadano Ltd manufactures cranes, aerial work platforms, and other components. Mobile cranes account for majority of sales, but the company has diversified into truck cranes, loader cranes, and other special purpose vehicles. Its equipment is built for various terrains with multiple steering and acceleration controls. Tadano has four reportable segments: Japan (majority of total revenue), Europe, Americas and Oceania. Its research and development division looks to utilize innovative and cutting-edge technologies for both domestic and overseas markets. The company offers used equipment and various cylinders to help meet urgent demand. A wide range of experienced and trained technicians help customize components for the operating machines.
79GF Score

Get the complete analysis for TSE:6395

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

円1,382.00
Price
円1,465.86
GF Value