Hitachi (TSE:6501) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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:6501 Hitachi Ltd TSE:6501
82 GF Score
Price 円5,524.00
GF Value 円4,713.40
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Hitachi Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hitachi  (TSE:6501) 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.


Hitachi Cyclically Adjusted PB Ratio Related Terms


Hitachi Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hitachi'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.

Hitachi Cyclically Adjusted PB Ratio Chart

Hitachi 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 1.36 1.49 2.69 3.13 3.80

Hitachi 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 3.84 3.55 4.35 3.93 3.85

TSE:6501 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Hitachi'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.


Hitachi Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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


TSE:6501
82GF Score
Hitachi Ltd TSE:6501
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hitachi 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.

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

For example, Hitachi'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)
=1512.603/113.6000*113.6000
=1,512.603

Current CPI (Jun. 2026) = 113.6000.

Hitachi Quarterly Data

Book Value per Share CPI Adj_Book
201609 800.471 98.000 927.893
201612 842.347 98.400 972.466
201703 848.590 98.100 982.669
201706 862.754 98.500 995.014
201709 899.361 98.800 1,034.083
201712 921.643 99.400 1,053.306
201803 934.533 99.200 1,070.191
201806 940.303 99.200 1,076.799
201809 966.657 99.900 1,099.222
201812 890.297 99.700 1,014.421
201903 914.328 99.700 1,041.802
201906 914.897 99.800 1,041.406
201909 920.226 100.100 1,044.332
201912 902.936 100.500 1,020.632
202003 883.173 100.300 1,000.284
202006 765.539 99.900 870.523
202009 739.052 99.900 840.403
202012 754.397 99.300 863.036
202103 922.237 99.900 1,048.710
202106 931.103 99.500 1,063.048
202109 982.213 100.100 1,114.679
202112 1,013.476 100.100 1,150.159
202203 1,107.336 101.100 1,244.247
202206 1,175.530 101.800 1,311.790
202209 1,165.750 103.100 1,284.473
202212 1,102.967 104.100 1,203.622
202303 1,138.167 104.400 1,238.465
202306 1,207.174 105.200 1,303.564
202309 1,257.169 106.200 1,344.768
202312 1,170.557 106.800 1,245.087
202403 1,264.724 107.200 1,340.230
202406 1,328.215 108.200 1,394.503
202409 1,230.174 108.900 1,283.267
202412 1,314.905 110.700 1,349.351
202503 1,317.515 111.100 1,347.162
202506 1,309.353 111.700 1,331.625
202509 1,386.664 112.000 1,406.473
202512 1,453.057 113.000 1,460.772
202603 1,505.103 112.700 1,517.122
202606 1,512.603 113.600 1,512.603

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.

Is Hitachi (TSE:6501) Overvalued in 2026?

Based on GuruFocus' analysis, Hitachi stock appears to be overvalued. The current stock price of 円5,524.00 is trading 17.2% above its estimated GF Value™ of 円4,713.40. GuruFocus considers Hitachi to be Modestly Overvalued.

Key valuation signals for TSE:6501:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円4,713.40 vs. price of 円5,524.00 (17.2% above fair value)
  • GF Score™: 82/100 with 3 warning signs

No single metric tells the full story. See the TSE:6501 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hitachi Business Description

Address 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8280
Hitachi Ltd is engaged in diverse businesses spanning industries, energy, IT, and real estate. The company operates through four business segments. The Connective Industries segment covers elevators, escalators, home appliances, air conditioning, semiconductor manufacturing equipment, medical analyzers, industrial and distribution solutions, water and environmental solutions, and industrial equipment. The Digital Systems & Services segment offers system integration, consulting, cloud services, IT products, software, and ATMs. The Green Energy & Mobility segment focuses on power grids, renewable energy, nuclear power, and railway systems. The Others include real estate management, sales, and leasing. It generates the majority of its revenue from the Green Energy & Mobility segment.
82GF Score

Get the complete analysis for TSE:6501

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

円5,524.00
Price
円4,713.40
GF Value