Kitz (TSE:6498) Cyclically Adjusted PB Ratio: 2.04 (As of Aug. 07, 2026) — 69% 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:6498 Kitz Corp TSE:6498
81 GF Score
Price 円2,091.00
GF Value 円1,347.61
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Kitz Cyclically Adjusted PB Ratio?

Kitz TSE:6498 -12.91% 81 Cyclically Adjusted PB Ratio is 2.04 as of Aug. 07, 2026, which is 69% above its 10-year median of 1.21. GuruFocus rates TSE:6498 with a GF Score™ of 81/100 and a GF Value™ of 円1,347.61 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,252 Industrial Products companies, Kitz ranks worse than 52.53% on this metric.

As of today (2026-08-07), Kitz's current share price is 円2091.00. Kitz's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,022.71. Kitz's Cyclically Adjusted PB Ratio for today is 2.04.

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

TSE:6498' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.21   Max: 2.64
Current: 2.23

During the past years, Kitz's highest Cyclically Adjusted PB Ratio was 2.64. The lowest was 0.75. And the median was 1.21.

TSE:6498's Cyclically Adjusted PB Ratio is ranked worse than
52.53% of 2252 companies
in the Industrial Products industry
Industry Median: 2.07 vs TSE:6498: 2.23

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.

Kitz's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,380.408. 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1,022.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kitz  (TSE:6498) 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.


Kitz Cyclically Adjusted PB Ratio Related Terms


Kitz Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kitz'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.

Kitz Cyclically Adjusted PB Ratio Chart

Kitz Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 1.00 1.40 1.21 1.72

Kitz 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 1.22 1.22 1.71 1.72 1.73

TSE:6498 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Kitz'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.


Kitz Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:6498
81GF Score
Kitz Corp TSE:6498
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kitz 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2091.00/1022.71
=2.04

* 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.

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

For example, Kitz'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)
=1380.408/112.7000*112.7000
=1,380.408

Current CPI (Mar. 2026) = 112.7000.

Kitz Quarterly Data

Book Value per Share CPI Adj_Book
201606 676.382 98.100 777.046
201609 670.609 98.000 771.200
201612 664.863 98.400 761.484
201703 727.777 98.100 836.090
201706 720.419 98.500 824.276
201709 739.671 98.800 843.734
201712 769.444 99.400 872.398
201803 782.955 99.200 889.506
201806 779.483 99.200 885.562
201809 793.239 99.900 894.875
201812 783.663 99.700 885.846
201903 793.725 99.700 897.220
201906 791.129 99.800 893.389
201909 795.191 100.100 895.285
201912 800.004 100.500 897.119
202003 819.459 100.300 920.768
202006 810.684 99.900 914.555
202009 819.754 99.900 924.788
202012 828.756 99.300 940.592
202103 849.081 99.900 957.872
202106 866.137 99.500 981.042
202109 872.484 100.100 982.307
202112 896.524 100.100 1,009.373
202203 933.365 101.100 1,040.457
202206 985.800 101.800 1,091.352
202209 1,002.891 103.100 1,096.274
202212 1,002.899 104.100 1,085.751
202303 1,027.716 104.400 1,109.421
202306 1,085.915 105.200 1,163.333
202309 1,109.492 106.200 1,177.399
202312 1,124.372 106.800 1,186.486
202403 1,151.074 107.200 1,210.131
202406 1,209.393 108.200 1,259.691
202409 1,179.137 108.900 1,220.282
202412 1,246.148 110.700 1,268.662
202503 1,221.914 111.100 1,239.511
202506 1,259.474 111.700 1,270.750
202509 1,288.978 112.000 1,297.034
202512 1,358.552 113.000 1,354.945
202603 1,380.408 112.700 1,380.408

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 2.04 mean?
Kitz (TSE:6498) has a Cyclically Adjusted PB Ratio of 2.04 as of Aug. 07, 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 Kitz and its competitors. This is 69% above median its historical median of 1.21. Over the past decade, Kitz's Cyclically Adjusted PB Ratio has ranged from 0.75 to 2.64. According to the industry distribution chart, Kitz ranks #1183 out of 2252 companies in the Industrial Products industry, placing it in the top 52.5%.
Is Kitz's Cyclically Adjusted PB Ratio too high?
Kitz's current Cyclically Adjusted PB Ratio of 2.04 is 69% above median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 2.64. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. Kitz's value of 2.04 is 1.4% below this industry median. Based on the distribution chart, Kitz ranks #1183 out of 2252 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Kitz has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kitz's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kitz ranks #1183 out of 2252 companies for Cyclically Adjusted PB Ratio. This places Kitz in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Kitz's value of 2.04 is 1.4% below this benchmark. Historically, Kitz's own Cyclically Adjusted PB Ratio has ranged from 0.75 to 2.64 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 2.07, Kitz 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 2.07, based on 2,252 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. Kitz's current Cyclically Adjusted PB Ratio of 2.04 is 1.4% 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 Kitz and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kitz's current Cyclically Adjusted PB Ratio is 2.04, which is 69% above median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kitz stock overvalued right now?
Based on GuruFocus' analysis, Kitz (TSE:6498) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,347.61, compared to a current price of 円2,091.00 — trading 55.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.04, which is 69% above median its 10-year median of 1.21 and 1.4% below the Industrial Products industry median of 2.07. Kitz's overall GF Score™ is 81/100 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 Kitz (TSE:6498), the current Cyclically Adjusted PB Ratio is 2.04 as of Aug. 07, 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 Kitz (TSE:6498) Overvalued in 2026?

Based on GuruFocus' analysis, Kitz stock appears to be overvalued. The current stock price of 円2,091.00 is trading 55.2% above its estimated GF Value™ of 円1,347.61. GuruFocus considers Kitz to be Significantly Overvalued.

Key valuation signals for TSE:6498:

  • Cyclically Adjusted PB Ratio: 2.04 (69% above median its 10-year median of 1.21)
  • GF Value™: 円1,347.61 vs. price of 円2,091.00 (55.2% above fair value)
  • GF Score™: 81/100 with 1 warning sign
  • Industry Position: 1.4% below the Industrial Products median (#1183 of 2252)

No single metric tells the full story. See the TSE:6498 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kitz Business Description

Other Exchanges 3W8:Germany
Address 1-9-1 Higashi-Shinbashi, Tokyo Shiodome Building, Minato-ku, Chiba, JPN, 105-7305
Kitz Corp is a Japan-based company that operates through segments namely valve manufacturing business in which the company manufactures and sells valves, fittings, water purifiers, and industrial filters and the Copper products business involves manufacturing and selling of brass rods for machined or forged products. The company's products consist of brass, cast iron, ductile iron, strainer, bronze, and others. It generates a majority of its revenue from the Valve manufacturing business. Geographically, the company operates in Japan, America, Europe, China and Asian markets.
81GF Score

Get the complete analysis for TSE:6498

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

円2,091.00
Price
円1,347.61
GF Value