Fuji Electric Co (TSE:6504) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:6504 Fuji Electric Co Ltd TSE:6504
89 GF Score
Price 円13,075.00
GF Value 円9,850.68
Valuation Significantly Overvalued
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What is Fuji Electric Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuji Electric Co  (TSE:6504) 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.


Fuji Electric Co Cyclically Adjusted PB Ratio Related Terms


Fuji Electric Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fuji Electric 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.

Fuji Electric Co Cyclically Adjusted PB Ratio Chart

Fuji Electric 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 2.44 1.83 3.23 1.78 2.68

Fuji Electric Co 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 1.92 2.81 3.25 2.84 3.51

TSE:6504 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Fuji Electric 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.


Fuji Electric Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:6504
89GF Score
Fuji Electric Co Ltd TSE:6504
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fuji Electric 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.

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

For example, Fuji Electric Co'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)
=5708.534/113.6000*113.6000
=5,708.534

Current CPI (Jun. 2026) = 113.6000.

Fuji Electric Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,801.105 98.000 2,087.812
201612 1,980.921 98.400 2,286.917
201703 2,266.913 98.100 2,625.090
201706 2,306.769 98.500 2,660.396
201709 2,393.935 98.800 2,752.541
201712 2,446.773 99.400 2,796.312
201803 2,565.881 99.200 2,938.348
201806 2,526.390 99.200 2,893.124
201809 2,627.943 99.900 2,988.332
201812 2,517.116 99.700 2,868.048
201903 2,744.651 99.700 3,127.305
201906 2,682.480 99.800 3,053.404
201909 2,734.479 100.100 3,103.265
201912 2,813.524 100.500 3,180.262
202003 2,842.301 100.300 3,219.196
202006 2,924.839 99.900 3,325.943
202009 2,993.649 99.900 3,404.189
202012 2,974.398 99.300 3,402.735
202103 3,229.185 99.900 3,672.026
202106 3,297.826 99.500 3,765.156
202109 3,332.244 100.100 3,781.648
202112 3,387.582 100.100 3,844.449
202203 3,666.647 101.100 4,119.991
202206 3,700.802 101.800 4,129.775
202209 3,785.328 103.100 4,170.837
202212 3,747.129 104.100 4,089.086
202303 4,005.125 104.400 4,358.067
202306 4,076.471 105.200 4,401.969
202309 4,171.039 106.200 4,461.676
202312 4,230.686 106.800 4,500.056
202403 4,631.181 107.200 4,907.669
202406 4,718.604 108.200 4,954.098
202409 4,760.848 108.900 4,966.321
202412 4,895.296 110.700 5,023.538
202503 4,959.532 111.100 5,071.133
202506 4,971.768 111.700 5,056.337
202509 5,126.010 112.000 5,199.239
202512 5,383.226 113.000 5,411.810
202603 5,718.814 112.700 5,764.483
202606 5,708.534 113.600 5,708.534

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 Fuji Electric Co (TSE:6504) Overvalued in 2026?

Based on GuruFocus' analysis, Fuji Electric Co stock appears to be overvalued. The current stock price of 円13,075.00 is trading 32.7% above its estimated GF Value™ of 円9,850.68. GuruFocus considers Fuji Electric Co to be Significantly Overvalued.

Key valuation signals for TSE:6504:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円9,850.68 vs. price of 円13,075.00 (32.7% above fair value)
  • GF Score™: 89/100

No single metric tells the full story. See the TSE:6504 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fuji Electric Co Business Description

Other Exchanges FELTY:USAFJE:Germany
Address 1-11-2 Osaki, Gate City Osaki East Tower, Shinagawa-ku, Tokyo, JPN, 141-0032
Fuji Electric Co Ltd is a Japanese electrical equipment manufacturer and distributor. The company operates through four segments. The Energy segment covers geothermal, hydro, thermal, fuel cells, photovoltaic, wind power, substation equipment, storage systems, UPS, and control equipment. The Food Distribution segment provides vending machines, store equipment, and money-handling systems. The Industry segment includes inverters, FA components, sensors, FA systems, nuclear power systems, railway and ship systems, electrical works, air conditioning, and ICT equipment. The Semiconductor segment focuses on industrial and automotive power semiconductors, while Others includes financial services, real estate, insurance, travel, and printing services.
89GF Score

Get the complete analysis for TSE:6504

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

円13,075.00
Price
円9,850.68
GF Value