Kanematsu Engineering Co (TSE:6402) Cyclically Adjusted PB Ratio: 1.31 (As of Sep. 17, 2026) — 14% Below Median

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TSE:6402 Kanematsu Engineering Co Ltd TSE:6402
80 GF Score
Price 円1,591.00
GF Value 円1,484.38
Valuation Fairly Valued
! 1 Warning Sign
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What is Kanematsu Engineering Co Cyclically Adjusted PB Ratio?

Kanematsu Engineering Co TSE:6402 -1.00% 80 Cyclically Adjusted PB Ratio is 1.31 as of Sep. 17, 2026, which is 14% below its 10-year median of 1.52. GuruFocus rates TSE:6402 with a GF Score™ of 80/100 and a GF Value™ of 円1,484.38 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,100 Industrial Products companies, Kanematsu Engineering Co ranks better than 65.52% on this metric.

As of today (2026-09-17), Kanematsu Engineering Co's current share price is 円1591.00. Kanematsu Engineering Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,219.02. Kanematsu Engineering Co's Cyclically Adjusted PB Ratio for today is 1.31.

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

TSE:6402' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.52   Max: 2.41
Current: 1.33

During the past years, Kanematsu Engineering Co's highest Cyclically Adjusted PB Ratio was 2.41. The lowest was 0.93. And the median was 1.52.

TSE:6402's Cyclically Adjusted PB Ratio is ranked better than
65.52% of 2100 companies
in the Industrial Products industry
Industry Median: 2.08 vs TSE:6402: 1.33

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.

Kanematsu Engineering Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,625.340. 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1,219.02 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kanematsu Engineering Co  (TSE:6402) 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.


Kanematsu Engineering Co Cyclically Adjusted PB Ratio Related Terms


Kanematsu Engineering Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kanematsu Engineering 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.

Kanematsu Engineering Co Cyclically Adjusted PB Ratio Chart

Kanematsu Engineering 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 1.47 1.23 1.15 0.98 1.42

Kanematsu Engineering Co 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 1.03 1.36 1.33 1.48 1.18

TSE:6402 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Kanematsu Engineering 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.


Kanematsu Engineering Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:6402
80GF Score
Kanematsu Engineering Co Ltd TSE:6402
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kanematsu Engineering 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1591.00/1219.015
=1.31

* 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.

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

For example, Kanematsu Engineering 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)
=1625.34/112.7000*112.7000
=1,625.340

Current CPI (Mar. 2026) = 112.7000.

Kanematsu Engineering Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 724.453 97.900 833.972
201606 720.631 98.100 827.881
201609 748.455 98.000 860.723
201612 778.556 98.400 891.700
201703 803.871 98.100 923.509
201706 801.963 98.500 917.576
201709 839.732 98.800 957.872
201712 863.712 99.400 979.279
201803 872.953 99.200 991.752
201806 850.167 99.200 965.865
201809 883.802 99.900 997.042
201812 910.601 99.700 1,029.335
201903 943.736 99.700 1,066.791
201906 938.499 99.800 1,059.808
201909 992.979 100.100 1,117.969
201912 1,008.587 100.500 1,131.022
202003 1,033.947 100.300 1,161.773
202006 1,036.896 99.900 1,169.752
202009 1,077.001 99.900 1,214.995
202012 1,095.827 99.300 1,243.703
202103 1,119.763 99.900 1,263.236
202106 1,106.607 99.500 1,253.413
202109 1,130.296 100.100 1,272.571
202112 1,146.715 100.100 1,291.057
202203 1,187.251 101.100 1,323.474
202206 1,168.902 101.800 1,294.059
202209 1,195.826 103.100 1,307.174
202212 1,215.950 104.100 1,316.403
202303 1,288.014 104.400 1,390.414
202306 1,258.766 105.200 1,348.507
202309 1,290.910 106.200 1,369.920
202312 1,312.983 106.800 1,385.517
202403 1,360.760 107.200 1,430.575
202406 1,349.458 108.200 1,405.581
202409 1,401.313 108.900 1,450.211
202503 1,460.726 111.100 1,481.763
202506 1,455.368 111.700 1,468.397
202509 1,518.709 112.000 1,528.201
202512 1,581.952 113.000 1,577.752
202603 1,625.340 112.700 1,625.340

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 1.31 mean?
Kanematsu Engineering Co (TSE:6402) has a Cyclically Adjusted PB Ratio of 1.31 as of Sep. 17, 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 Kanematsu Engineering Co and its competitors. This is 14% below median its historical median of 1.52. Over the past decade, Kanematsu Engineering Co's Cyclically Adjusted PB Ratio has ranged from 0.93 to 2.41. According to the industry distribution chart, Kanematsu Engineering Co ranks #724 out of 2100 companies in the Industrial Products industry, placing it in the top 34.5%.
Is Kanematsu Engineering Co's Cyclically Adjusted PB Ratio too high?
Kanematsu Engineering Co's current Cyclically Adjusted PB Ratio of 1.31 is 14% below median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 2.41. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.08. Kanematsu Engineering Co's value of 1.31 is 37% below this industry median. Based on the distribution chart, Kanematsu Engineering Co ranks #724 out of 2100 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Kanematsu Engineering Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kanematsu Engineering Co's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kanematsu Engineering Co ranks #724 out of 2100 companies for Cyclically Adjusted PB Ratio. This puts Kanematsu Engineering Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.08. Kanematsu Engineering Co's value of 1.31 is 37% below this benchmark. Historically, Kanematsu Engineering Co's own Cyclically Adjusted PB Ratio has ranged from 0.93 to 2.41 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 2.08, Kanematsu Engineering 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 2.08, based on 2,100 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. Kanematsu Engineering Co's current Cyclically Adjusted PB Ratio of 1.31 is 37% 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 Kanematsu Engineering Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kanematsu Engineering Co's current Cyclically Adjusted PB Ratio is 1.31, which is 14% below median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanematsu Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Kanematsu Engineering Co (TSE:6402) is currently considered Fairly Valued. The stock's GF Value™ is 円1,484.38, compared to a current price of 円1,591.00 — trading 7.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.31, which is 14% below median its 10-year median of 1.52 and 37% below the Industrial Products industry median of 2.08. Kanematsu Engineering Co's overall GF Score™ is 80/100 with 1 warning sign 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 Kanematsu Engineering Co (TSE:6402), the current Cyclically Adjusted PB Ratio is 1.31 as of Sep. 17, 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 Kanematsu Engineering Co (TSE:6402) Overvalued in 2026?

Based on GuruFocus' analysis, Kanematsu Engineering Co stock appears to be overvalued. The current stock price of 円1,591.00 is trading 7.2% above its estimated GF Value™ of 円1,484.38. GuruFocus considers Kanematsu Engineering Co to be Fairly Valued.

Key valuation signals for TSE:6402:

  • Cyclically Adjusted PB Ratio: 1.31 (14% below median its 10-year median of 1.52)
  • GF Value™: 円1,484.38 vs. price of 円1,591.00 (7.2% above fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 37% below the Industrial Products median (#724 of 2100)

No single metric tells the full story. See the TSE:6402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kanematsu Engineering Co Business Description

Address 3981-7, Nunoshida, Kochi, JPN, 781-5101
Kanematsu Engineering Co Ltd offers specialty vehicles. Its principal products include high-power suction trucks, stationary suction machine, high-pressure cleaning trucks, powder suction and pressure delivery trucks and dredge system. It's products used by industrial waste disposer, iron and steel industry, electric power company, shipbuilding company, and overseas users.
80GF Score

Get the complete analysis for TSE:6402

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

円1,591.00
Price
円1,484.38
GF Value