Daihen (TSE:6622) Cyclically Adjusted PB Ratio: 3.20 (As of Aug. 13, 2026) — 92% 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:6622 Daihen Corp TSE:6622
86 GF Score
Price 円13,980.00
GF Value 円9,091.23
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Daihen Cyclically Adjusted PB Ratio?

Daihen TSE:6622 +2.95% 86 Cyclically Adjusted PB Ratio is 3.20 as of Aug. 13, 2026, which is 92% above its 10-year median of 1.67. GuruFocus rates TSE:6622 with a GF Score™ of 86/100 and a GF Value™ of 円9,091.23 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,229 Industrial Products companies, Daihen ranks worse than 62.36% on this metric.

As of today (2026-08-13), Daihen's current share price is 円13980.00. Daihen's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円4,368.99. Daihen's Cyclically Adjusted PB Ratio for today is 3.20.

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

TSE:6622' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.67   Max: 4.19
Current: 3.11

During the past years, Daihen's highest Cyclically Adjusted PB Ratio was 4.19. The lowest was 0.94. And the median was 1.67.

TSE:6622's Cyclically Adjusted PB Ratio is ranked worse than
62.36% of 2229 companies
in the Industrial Products industry
Industry Median: 2.17 vs TSE:6622: 3.11

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.

Daihen's adjusted book value per share data for the three months ended in Mar. 2026 was 円6,524.675. 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4,368.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daihen  (TSE:6622) 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.


Daihen Cyclically Adjusted PB Ratio Related Terms


Daihen Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Daihen'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.

Daihen Cyclically Adjusted PB Ratio Chart

Daihen 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 1.49 1.39 2.66 1.59 2.56

Daihen 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 1.57 1.97 2.33 2.56 0.00

TSE:6622 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Daihen'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.


Daihen Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:6622
86GF Score
Daihen Corp TSE:6622
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daihen 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13980.00/4368.99
=3.20

* 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.

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

For example, Daihen'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)
=6524.675/112.7000*112.7000
=6,524.675

Current CPI (Mar. 2026) = 112.7000.

Daihen Quarterly Data

Book Value per Share CPI Adj_Book
201606 2,457.535 98.100 2,823.284
201609 2,417.950 98.000 2,780.643
201612 2,492.142 98.400 2,854.313
201703 2,784.870 98.100 3,199.336
201706 2,802.349 98.500 3,206.342
201709 2,913.677 98.800 3,323.597
201712 2,977.782 99.400 3,376.218
201803 3,055.483 99.200 3,471.300
201806 3,028.717 99.200 3,440.891
201809 3,072.052 99.900 3,465.668
201812 3,022.506 99.700 3,416.614
201903 3,118.731 99.700 3,525.386
201906 3,100.589 99.800 3,501.367
201909 3,156.144 100.100 3,553.421
201912 3,166.505 100.500 3,550.897
202003 3,236.451 100.300 3,636.571
202006 3,224.363 99.900 3,637.495
202009 3,331.422 99.900 3,758.271
202012 3,384.970 99.300 3,841.753
202103 3,693.567 99.900 4,166.817
202106 3,783.747 99.500 4,285.711
202109 3,894.790 100.100 4,385.043
202112 3,931.737 100.100 4,426.641
202203 4,063.050 101.100 4,529.236
202206 4,247.799 101.800 4,702.622
202209 4,417.917 103.100 4,829.285
202212 4,396.275 104.100 4,759.464
202303 4,637.516 104.400 5,006.207
202306 4,681.038 105.200 5,014.762
202309 4,844.818 106.200 5,141.346
202312 5,022.378 106.800 5,299.831
202403 5,493.468 107.200 5,775.316
202406 5,575.196 108.200 5,807.066
202409 5,586.529 108.900 5,781.468
202412 5,761.068 110.700 5,865.152
202503 5,788.613 111.100 5,871.977
202506 5,818.448 111.700 5,870.538
202509 6,043.837 112.000 6,081.611
202512 6,288.075 113.000 6,271.381
202603 6,524.675 112.700 6,524.675

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 3.20 mean?
Daihen (TSE:6622) has a Cyclically Adjusted PB Ratio of 3.20 as of Aug. 13, 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 Daihen and its competitors. This is 92% above median its historical median of 1.67. Over the past decade, Daihen's Cyclically Adjusted PB Ratio has ranged from 0.94 to 4.19. According to the industry distribution chart, Daihen ranks #1390 out of 2229 companies in the Industrial Products industry, placing it in the top 62.4%.
Is Daihen's Cyclically Adjusted PB Ratio too high?
Daihen's current Cyclically Adjusted PB Ratio of 3.20 is 92% above median its 10-year median of 1.67. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 4.19. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.17. Daihen's value of 3.20 is 47.5% above this industry median. Based on the distribution chart, Daihen ranks #1390 out of 2229 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Daihen has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daihen's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Daihen ranks #1390 out of 2229 companies for Cyclically Adjusted PB Ratio. This places Daihen in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.17. Daihen's value of 3.20 is 47.5% above this benchmark. Historically, Daihen's own Cyclically Adjusted PB Ratio has ranged from 0.94 to 4.19 over the past decade. While the company's 10-year median is 1.67 vs. the industry median of 2.17, Daihen has consistently been above 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 2,229 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. Daihen's current Cyclically Adjusted PB Ratio of 3.20 is 47.5% above 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 Daihen 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. Daihen's current Cyclically Adjusted PB Ratio is 3.20, which is 92% above median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daihen stock overvalued right now?
Based on GuruFocus' analysis, Daihen (TSE:6622) is currently considered Significantly Overvalued. The stock's GF Value™ is 円9,091.23, compared to a current price of 円13,980.00 — trading 53.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.20, which is 92% above median its 10-year median of 1.67 and 47.5% above the Industrial Products industry median of 2.17. Daihen's overall GF Score™ is 86/100 with 4 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 Daihen (TSE:6622), the current Cyclically Adjusted PB Ratio is 3.20 as of Aug. 13, 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 Daihen (TSE:6622) Overvalued in 2026?

Based on GuruFocus' analysis, Daihen stock appears to be overvalued. The current stock price of 円13,980.00 is trading 53.8% above its estimated GF Value™ of 円9,091.23. GuruFocus considers Daihen to be Significantly Overvalued.

Key valuation signals for TSE:6622:

  • Cyclically Adjusted PB Ratio: 3.20 (92% above median its 10-year median of 1.67)
  • GF Value™: 円9,091.23 vs. price of 円13,980.00 (53.8% above fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 47.5% above the Industrial Products median (#1390 of 2229)

No single metric tells the full story. See the TSE:6622 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daihen Business Description

Other Exchanges 6NV:Germany
Address 2-1-11 Tagawa, Yodogawa-ku, Osaka, JPN, 532-8512
Daihen Corp manufactures and sales power products, welding machines, industrial robot, generators and automatic matching units for plasma applications, clean transfer robot, and wireless power transfer system. The company's subsidiaries are also engaged in manufacturing and sales of power transformers.
86GF Score

Get the complete analysis for TSE:6622

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

円13,980.00
Price
円9,091.23
GF Value