Anritsu (TSE:6754) Cyclically Adjusted PB Ratio: 4.62 (As of Aug. 06, 2026) — 64% 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:6754 Anritsu Corp TSE:6754
74 GF Score
Price 円3,833.00
GF Value 円1,505.69
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Anritsu Cyclically Adjusted PB Ratio?

Anritsu TSE:6754 +6.09% 74 Cyclically Adjusted PB Ratio is 4.62 as of Aug. 06, 2026, which is 64% above its 10-year median of 2.82. GuruFocus rates TSE:6754 with a GF Score™ of 74/100 and a GF Value™ of 円1,505.69 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,968 Hardware companies, Anritsu ranks worse than 78.76% on this metric.

As of today (2026-08-06), Anritsu's current share price is 円3833.00. Anritsu's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円829.25. Anritsu's Cyclically Adjusted PB Ratio for today is 4.62.

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

TSE:6754' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.4   Med: 2.82   Max: 5.65
Current: 4.76

During the past years, Anritsu's highest Cyclically Adjusted PB Ratio was 5.65. The lowest was 1.40. And the median was 2.82.

TSE:6754's Cyclically Adjusted PB Ratio is ranked worse than
78.76% of 1968 companies
in the Hardware industry
Industry Median: 2 vs TSE:6754: 4.76

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.

Anritsu's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,036.916. 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829.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Anritsu  (TSE:6754) 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.


Anritsu Cyclically Adjusted PB Ratio Related Terms


Anritsu Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Anritsu'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.

Anritsu Cyclically Adjusted PB Ratio Chart

Anritsu 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 2.53 1.83 1.70 1.71 3.30

Anritsu 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 1.71 2.35 2.34 2.73 3.30

TSE:6754 vs COHR, KEYS, GRMN: Cyclically Adjusted PB Ratio Comparison

For the Scientific & Technical Instruments subindustry, Anritsu'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.


Anritsu Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Anritsu's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:6754
74GF Score
Anritsu Corp TSE:6754
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anritsu 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3833.00/829.25
=4.62

* 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.

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

For example, Anritsu'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)
=1036.916/112.7000*112.7000
=1,036.916

Current CPI (Mar. 2026) = 112.7000.

Anritsu Quarterly Data

Book Value per Share CPI Adj_Book
201606 519.883 98.100 597.256
201609 516.846 98.000 594.373
201612 538.954 98.400 617.278
201703 556.395 98.100 639.202
201706 550.707 98.500 630.098
201709 557.738 98.800 636.205
201712 563.316 99.400 638.689
201803 569.538 99.200 647.046
201806 578.647 99.200 657.394
201809 595.510 99.900 671.812
201812 601.345 99.700 679.755
201903 622.862 99.700 704.078
201906 615.034 99.800 694.532
201909 633.652 100.100 713.412
201912 655.760 100.500 735.365
202003 685.251 100.300 769.968
202006 692.450 99.900 781.172
202009 716.996 99.900 808.863
202012 726.082 99.300 824.063
202103 794.881 99.900 896.728
202106 787.210 99.500 891.644
202109 795.028 100.100 895.101
202112 796.649 100.100 896.926
202203 846.153 101.100 943.239
202206 866.580 101.800 959.367
202209 886.117 103.100 968.626
202212 857.770 104.100 928.633
202303 890.771 104.400 961.589
202306 896.826 105.200 960.763
202309 924.927 106.200 981.537
202312 904.172 106.800 954.122
202403 952.656 107.200 1,001.533
202406 958.993 108.200 998.877
202409 935.379 108.900 968.018
202412 961.778 110.700 979.154
202503 963.378 111.100 977.252
202506 942.363 111.700 950.800
202509 975.552 112.000 981.649
202512 999.656 113.000 997.002
202603 1,036.916 112.700 1,036.916

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 4.62 mean?
Anritsu (TSE:6754) has a Cyclically Adjusted PB Ratio of 4.62 as of Aug. 06, 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 Anritsu and its competitors. This is 64% above median its historical median of 2.82. Over the past decade, Anritsu's Cyclically Adjusted PB Ratio has ranged from 1.40 to 5.65. According to the industry distribution chart, Anritsu ranks #1550 out of 1968 companies in the Hardware industry, placing it in the top 78.8%.
Is Anritsu's Cyclically Adjusted PB Ratio too high?
Anritsu's current Cyclically Adjusted PB Ratio of 4.62 is 64% above median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 5.65. The Hardware industry median Cyclically Adjusted PB Ratio is 2.00. Anritsu's value of 4.62 is 131% above this industry median. Based on the distribution chart, Anritsu ranks #1550 out of 1968 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Anritsu has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anritsu's Cyclically Adjusted PB Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Anritsu ranks #1550 out of 1968 companies for Cyclically Adjusted PB Ratio. This places Anritsu in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.00. Anritsu's value of 4.62 is 131% above this benchmark. Historically, Anritsu's own Cyclically Adjusted PB Ratio has ranged from 1.40 to 5.65 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 2.00, Anritsu 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 a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.00, based on 1,968 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. Anritsu's current Cyclically Adjusted PB Ratio of 4.62 is 131% 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 Anritsu and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anritsu's current Cyclically Adjusted PB Ratio is 4.62, which is 64% above median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anritsu stock overvalued right now?
Based on GuruFocus' analysis, Anritsu (TSE:6754) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,505.69, compared to a current price of 円3,833.00 — trading 154.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.62, which is 64% above median its 10-year median of 2.82 and 131% above the Hardware industry median of 2.00. Anritsu's overall GF Score™ is 74/100 with 3 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 Anritsu (TSE:6754), the current Cyclically Adjusted PB Ratio is 4.62 as of Aug. 06, 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 Anritsu (TSE:6754) Overvalued in 2026?

Based on GuruFocus' analysis, Anritsu stock appears to be overvalued. The current stock price of 円3,833.00 is trading 154.6% above its estimated GF Value™ of 円1,505.69. GuruFocus considers Anritsu to be Significantly Overvalued.

Key valuation signals for TSE:6754:

  • Cyclically Adjusted PB Ratio: 4.62 (64% above median its 10-year median of 2.82)
  • GF Value™: 円1,505.69 vs. price of 円3,833.00 (154.6% above fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 131% above the Hardware median (#1550 of 1968)

No single metric tells the full story. See the TSE:6754 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anritsu Business Description

Address 5-1-1 Onna, Atsugi-shi, Kanagawa, JPN, 243-8555
Anritsu Corp is an electronic components manufacturer. The company has three business segments: Measurement, Products Quality Assurance, and Others. The Measurement segment offers measuring devices for mobile phone acceptance testing by mobile phone operators. The Product Quality Assurance Segment offers automatic electronic weighing equipment and contaminant detectors for food, cosmetics, and pharmaceutical industries, and x-ray detectors for contaminants. Anritsu's x-ray machines can detect and remove metal fragments. The Other business segment has a variety of interests, including telecommunication equipment, logistics, and real estate. The company earns the vast majority of its revenue in Japan.
74GF Score

Get the complete analysis for TSE:6754

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

円3,833.00
Price
円1,505.69
GF Value