Ogura Clutch Co (TSE:6408) Cyclically Adjusted PB Ratio: 0.37 (As of Aug. 14, 2026) — 28% Above 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:6408 Ogura Clutch Co Ltd TSE:6408
59 GF Score
Price 円4,405.00
GF Value 円3,116.50
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Ogura Clutch Co Cyclically Adjusted PB Ratio?

Ogura Clutch Co TSE:6408 -2.33% 59 Cyclically Adjusted PB Ratio is 0.37 as of Aug. 14, 2026, which is 28% above its 10-year median of 0.29. GuruFocus rates TSE:6408 with a GF Score™ of 59/100 and a GF Value™ of 円3,116.50 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,219 Industrial Products companies, Ogura Clutch Co ranks better than 91.57% on this metric.

As of today (2026-08-14), Ogura Clutch Co's current share price is 円4405.00. Ogura Clutch Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円11,876.17. Ogura Clutch Co's Cyclically Adjusted PB Ratio for today is 0.37.

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

TSE:6408' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.29   Max: 0.52
Current: 0.4

During the past years, Ogura Clutch Co's highest Cyclically Adjusted PB Ratio was 0.52. The lowest was 0.17. And the median was 0.29.

TSE:6408's Cyclically Adjusted PB Ratio is ranked better than
91.57% of 2219 companies
in the Industrial Products industry
Industry Median: 2.17 vs TSE:6408: 0.40

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.

Ogura Clutch Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円13,272.727. 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11,876.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ogura Clutch Co  (TSE:6408) 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.


Ogura Clutch Co Cyclically Adjusted PB Ratio Related Terms


Ogura Clutch Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ogura Clutch 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.

Ogura Clutch Co Cyclically Adjusted PB Ratio Chart

Ogura Clutch 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 0.23 0.28 0.30 0.27 0.39

Ogura Clutch Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.27 0.29 0.32 0.31 0.39

TSE:6408 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Ogura Clutch 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.


Ogura Clutch Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:6408
59GF Score
Ogura Clutch Co Ltd TSE:6408
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ogura Clutch 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.

Ogura Clutch Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4405.00/11876.17
=0.37

* 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.

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

For example, Ogura Clutch 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)
=13272.727/112.7000*112.7000
=13,272.727

Current CPI (Mar. 2026) = 112.7000.

Ogura Clutch Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 10,384.513 97.900 11,954.388
201606 9,975.952 98.100 11,460.650
201609 9,675.567 98.000 11,126.902
201612 9,827.770 98.400 11,255.993
201703 10,678.023 98.100 12,267.209
201706 10,698.731 98.500 12,241.086
201709 11,038.744 98.800 12,591.766
201712 11,402.806 99.400 12,928.534
201803 11,549.098 99.200 13,120.800
201806 11,488.310 99.200 13,051.739
201809 11,714.095 99.900 13,215.000
201812 11,702.739 99.700 13,228.673
201903 11,509.018 99.700 13,009.692
201906 11,699.198 99.800 13,211.419
201909 11,432.866 100.100 12,871.968
201912 11,446.894 100.500 12,836.467
202003 10,782.899 100.300 12,115.979
202006 11,076.203 99.900 12,495.376
202009 10,257.849 99.900 11,572.168
202012 9,744.155 99.300 11,059.076
202103 9,943.220 99.900 11,217.226
202106 10,033.422 99.500 11,364.489
202109 9,837.675 100.100 11,075.984
202112 9,658.651 100.100 10,874.425
202203 9,387.442 101.100 10,464.537
202206 9,830.882 101.800 10,883.501
202209 10,444.222 103.100 11,416.720
202212 10,623.914 104.100 11,501.586
202303 10,046.092 104.400 10,844.776
202306 10,193.182 105.200 10,919.882
202309 10,662.659 106.200 11,315.270
202312 10,794.923 106.800 11,391.272
202403 10,264.706 107.200 10,791.347
202406 11,093.708 108.200 11,555.091
202409 11,385.027 108.900 11,782.301
202503 11,832.219 111.100 12,002.620
202506 11,303.476 111.700 11,404.671
202509 11,420.455 112.000 11,491.833
202512 11,893.048 113.000 11,861.474
202603 13,272.727 112.700 13,272.727

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 0.37 mean?
Ogura Clutch Co (TSE:6408) has a Cyclically Adjusted PB Ratio of 0.37 as of Aug. 14, 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 Ogura Clutch Co and its competitors. This is 28% above median its historical median of 0.29. Over the past decade, Ogura Clutch Co's Cyclically Adjusted PB Ratio has ranged from 0.17 to 0.52. According to the industry distribution chart, Ogura Clutch Co ranks #187 out of 2219 companies in the Industrial Products industry, placing it in the top 8.4%.
Is Ogura Clutch Co's Cyclically Adjusted PB Ratio too high?
Ogura Clutch Co's current Cyclically Adjusted PB Ratio of 0.37 is 28% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.52. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.17. Ogura Clutch Co's value of 0.37 is 82.9% below this industry median. Based on the distribution chart, Ogura Clutch Co ranks #187 out of 2219 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ogura Clutch Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ogura Clutch Co's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Ogura Clutch Co ranks #187 out of 2219 companies for Cyclically Adjusted PB Ratio. This places Ogura Clutch Co in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.17. Ogura Clutch Co's value of 0.37 is 82.9% below this benchmark. Historically, Ogura Clutch Co's own Cyclically Adjusted PB Ratio has ranged from 0.17 to 0.52 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 2.17, Ogura Clutch 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 2,219 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. Ogura Clutch Co's current Cyclically Adjusted PB Ratio of 0.37 is 82.9% 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 Ogura Clutch 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. Ogura Clutch Co's current Cyclically Adjusted PB Ratio is 0.37, which is 28% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ogura Clutch Co stock overvalued right now?
Based on GuruFocus' analysis, Ogura Clutch Co (TSE:6408) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,116.50, compared to a current price of 円4,405.00 — trading 41.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.37, which is 28% above median its 10-year median of 0.29 and 82.9% below the Industrial Products industry median of 2.17. Ogura Clutch Co's overall GF Score™ is 59/100 with 5 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 Ogura Clutch Co (TSE:6408), the current Cyclically Adjusted PB Ratio is 0.37 as of Aug. 14, 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 Ogura Clutch Co (TSE:6408) Overvalued in 2026?

Based on GuruFocus' analysis, Ogura Clutch Co stock appears to be overvalued. The current stock price of 円4,405.00 is trading 41.3% above its estimated GF Value™ of 円3,116.50. GuruFocus considers Ogura Clutch Co to be Significantly Overvalued.

Key valuation signals for TSE:6408:

  • Cyclically Adjusted PB Ratio: 0.37 (28% above median its 10-year median of 0.29)
  • GF Value™: 円3,116.50 vs. price of 円4,405.00 (41.3% above fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 82.9% below the Industrial Products median (#187 of 2219)

No single metric tells the full story. See the TSE:6408 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ogura Clutch Co Business Description

Address 2-678, Aioi-cho, Gumma Perfecture, Kiryu, JPN
Ogura Clutch Co Ltd. is engaged in manufacturing and selling of various types of clutch brakes for office machines, machine tools, construction machines and industrial machines, fiber tensioner, automotive A/C clutches, superchargers, power clutches, oil mist separators, high-pressure coolant systems, disaster prevention systems, among others.
59GF Score

Get the complete analysis for TSE:6408

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

円4,405.00
Price
円3,116.50
GF Value