Sanden (TSE:6444) Cyclically Adjusted PB Ratio: 0.19 (As of Aug. 05, 2026) — Near Median

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TSE:6444 Sanden Corp TSE:6444
49 GF Score
Price 円165.00
GF Value 円149.11
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Sanden Cyclically Adjusted PB Ratio?

Sanden TSE:6444 +0.61% 49 Cyclically Adjusted PB Ratio is 0.19 as of Aug. 05, 2026, which is 6% above its 10-year median of 0.18. GuruFocus rates TSE:6444 with a GF Score™ of 49/100 and a GF Value™ of 円149.11 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,014 Vehicles & Parts companies, Sanden ranks better than 96.84% on this metric.

As of today (2026-08-05), Sanden's current share price is 円165.00. Sanden's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円855.32. Sanden's Cyclically Adjusted PB Ratio for today is 0.19.

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

TSE:6444' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.18   Max: 1.24
Current: 0.18

During the past years, Sanden's highest Cyclically Adjusted PB Ratio was 1.24. The lowest was 0.11. And the median was 0.18.

TSE:6444's Cyclically Adjusted PB Ratio is ranked better than
96.84% of 1014 companies
in the Vehicles & Parts industry
Industry Median: 1.255 vs TSE:6444: 0.18

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.

Sanden's adjusted book value per share data for the three months ended in Dec. 2025 was 円239.670. 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855.32 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sanden  (TSE:6444) 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.


Sanden Cyclically Adjusted PB Ratio Related Terms


Sanden Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sanden'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.

Sanden Cyclically Adjusted PB Ratio Chart

Sanden Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.24 0.13 0.15 0.13

Sanden Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 0.13 0.12 0.16 0.16 0.00

TSE:6444 vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Sanden'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.


Sanden Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sanden's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:6444
49GF Score
Sanden Corp TSE:6444
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sanden 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=165.00/855.32
=0.19

* 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.

Sanden's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Sanden's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=239.67/113.0000*113.0000
=239.670

Current CPI (Dec. 2025) = 113.0000.

Sanden Quarterly Data

Book Value per Share CPI Adj_Book
201603 2,537.724 97.900 2,929.140
201606 2,182.463 98.100 2,513.948
201609 1,893.165 98.000 2,182.935
201612 2,137.608 98.400 2,454.773
201703 1,576.284 98.100 1,815.699
201706 1,637.094 98.500 1,878.088
201709 1,663.445 98.800 1,902.523
201712 1,688.240 99.400 1,919.227
201803 1,633.964 99.200 1,861.269
201806 1,673.923 99.200 1,906.787
201809 1,498.391 99.900 1,694.877
201812 1,458.612 99.700 1,653.191
201903 684.973 99.700 776.349
201906 629.765 99.800 713.061
201909 699.931 100.100 790.132
201912 1,085.233 100.500 1,220.212
202003 747.909 100.300 842.609
202006 482.915 99.900 546.240
202009 345.985 99.900 391.354
202012 260.236 99.300 296.140
202103 -664.517 99.900 -751.656
202106 230.033 99.500 261.244
202109 216.692 100.100 244.617
202112 0.000 100.100 0.000
202203 219.278 101.100 245.088
202206 205.602 101.800 228.222
202209 200.316 103.100 219.551
202212 201.748 104.100 218.996
202303 207.122 104.400 224.184
202306 197.755 105.200 212.417
202309 190.758 106.200 202.972
202312 181.184 106.800 191.702
202403 192.095 107.200 202.488
202406 220.574 108.200 230.359
202409 177.317 108.900 183.993
202412 203.024 110.700 207.242
202503 171.279 111.100 174.208
202506 156.276 111.700 158.095
202509 173.943 112.000 175.496
202512 239.670 113.000 239.670

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 0.19 mean?
Sanden (TSE:6444) has a Cyclically Adjusted PB Ratio of 0.19 as of Aug. 05, 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 Sanden and its competitors. This is near median its historical median of 0.18. Over the past decade, Sanden's Cyclically Adjusted PB Ratio has ranged from 0.11 to 1.24. According to the industry distribution chart, Sanden ranks #32 out of 1014 companies in the Vehicles & Parts industry, placing it in the top 3.2%.
Is Sanden's Cyclically Adjusted PB Ratio too high?
Sanden's current Cyclically Adjusted PB Ratio of 0.19 is near median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 1.24. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. Sanden's value of 0.19 is 84.9% below this industry median. Based on the distribution chart, Sanden ranks #32 out of 1014 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Sanden has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanden's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Sanden ranks #32 out of 1014 companies for Cyclically Adjusted PB Ratio. This places Sanden in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.26. Sanden's value of 0.19 is 84.9% below this benchmark. Historically, Sanden's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 1.24 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 1.26, Sanden 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 1,014 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. Sanden's current Cyclically Adjusted PB Ratio of 0.19 is 84.9% 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 Sanden and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanden's current Cyclically Adjusted PB Ratio is 0.19, which is near median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanden stock overvalued right now?
Based on GuruFocus' analysis, Sanden (TSE:6444) is currently considered Modestly Overvalued. The stock's GF Value™ is 円149.11, compared to a current price of 円165.00 — trading 10.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.19, which is near median its 10-year median of 0.18 and 84.9% below the Vehicles & Parts industry median of 1.26. Sanden's overall GF Score™ is 49/100 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 Sanden (TSE:6444), the current Cyclically Adjusted PB Ratio is 0.19 as of Aug. 05, 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 Sanden (TSE:6444) Overvalued in 2026?

Based on GuruFocus' analysis, Sanden stock appears to be overvalued. The current stock price of 円165.00 is trading 10.7% above its estimated GF Value™ of 円149.11. GuruFocus considers Sanden to be Modestly Overvalued.

Key valuation signals for TSE:6444:

  • Cyclically Adjusted PB Ratio: 0.19 (near median its 10-year median of 0.18)
  • GF Value™: 円149.11 vs. price of 円165.00 (10.7% above fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 84.9% below the Vehicles & Parts median (#32 of 1014)

No single metric tells the full story. See the TSE:6444 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanden Business Description

Other Exchanges SOE1:Germany
Address 20 Kotobuki-cho, Gunma, Isesaki, JPN, 372-8502
Sanden Corp is a Japan-based company that operates through two segments. The company's automotive systems segment manufactures and distributes automotive air conditioning systems and air-conditioner compressors. The commercial store systems segment manufactures and distributes automatic vending machines, commercial freezers, and refrigerated showcases. Sanden Holdings' products are provided to customers including multinational automobile makers, beverage manufacturers, and home users. The company generates the majority of its sales from the Asian market.
49GF Score

Get the complete analysis for TSE:6444

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

円165.00
Price
円149.11
GF Value