Japan Resistor Mfg Co (TSE:6977) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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TSE:6977 Japan Resistor Mfg Co Ltd TSE:6977
44 GF Score
Price 円1,575.00
GF Value 円856.26
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Japan Resistor Mfg Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Resistor Mfg Co  (TSE:6977) 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.


Japan Resistor Mfg Co Cyclically Adjusted PB Ratio Related Terms


Japan Resistor Mfg Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Japan Resistor Mfg 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.

Japan Resistor Mfg Co Cyclically Adjusted PB Ratio Chart

Japan Resistor Mfg Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.71 0.67 0.52 0.61

Japan Resistor Mfg 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 0.53 0.55 0.61 0.63 1.22

TSE:6977 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Japan Resistor Mfg 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.


Japan Resistor Mfg Co Cyclically Adjusted PB Ratio vs Hardware Industry

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

* The bar in red indicates where Japan Resistor Mfg Co's Cyclically Adjusted PB Ratio falls into.


TSE:6977
44GF Score
Japan Resistor Mfg Co Ltd TSE:6977
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Resistor Mfg 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.

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

For example, Japan Resistor Mfg 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)
=1396.433/113.6000*113.6000
=1,396.433

Current CPI (Jun. 2026) = 113.6000.

Japan Resistor Mfg Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,045.512 98.000 1,211.940
201612 1,193.129 98.400 1,377.433
201703 1,132.742 98.100 1,311.718
201706 1,178.351 98.500 1,358.992
201709 1,239.641 98.800 1,425.336
201712 1,329.374 99.400 1,519.285
201803 1,333.708 99.200 1,527.311
201806 1,396.385 99.200 1,599.086
201809 1,428.067 99.900 1,623.908
201812 1,394.147 99.700 1,588.517
201903 1,419.987 99.700 1,617.959
201906 1,403.457 99.800 1,597.522
201909 1,386.611 100.100 1,573.616
201912 1,431.197 100.500 1,617.751
202003 1,394.825 100.300 1,579.782
202006 1,417.601 99.900 1,612.007
202009 1,412.892 99.900 1,606.652
202012 1,404.535 99.300 1,606.799
202103 1,454.264 99.900 1,653.698
202106 1,446.422 99.500 1,651.392
202109 1,448.264 100.100 1,643.584
202112 1,512.152 100.100 1,716.089
202203 1,524.508 101.100 1,712.998
202206 1,565.281 101.800 1,746.718
202209 1,573.016 103.100 1,733.216
202212 1,633.387 104.100 1,782.447
202303 1,603.523 104.400 1,744.830
202306 1,729.107 105.200 1,867.173
202309 1,768.898 106.200 1,892.155
202312 1,642.042 106.800 1,746.591
202403 1,792.974 107.200 1,900.017
202406 1,734.923 108.200 1,821.509
202409 1,661.378 108.900 1,733.081
202412 1,534.375 110.700 1,574.571
202503 1,398.921 111.100 1,430.400
202506 1,337.920 111.700 1,360.678
202509 1,380.238 112.000 1,399.956
202512 1,337.489 113.000 1,344.591
202603 1,367.141 112.700 1,378.059
202606 1,396.433 113.600 1,396.433

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 Japan Resistor Mfg Co (TSE:6977) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Resistor Mfg Co stock appears to be overvalued. The current stock price of 円1,575.00 is trading 83.9% above its estimated GF Value™ of 円856.26. GuruFocus considers Japan Resistor Mfg Co to be Significantly Overvalued.

Key valuation signals for TSE:6977:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円856.26 vs. price of 円1,575.00 (83.9% above fair value)
  • GF Score™: 44/100 with 5 warning signs

No single metric tells the full story. See the TSE:6977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Resistor Mfg Co Business Description

Address 2315 Kitano, Nanto-shi, Toyama, JPN, 939-1897
Japan Resistor Mfg Co Ltd is engaged in the manufacture and sale of electronic components (main product groups include resistors, potentiometers, hybrid ICs, and electronic devices). Its product offering comprises fixed and variable resistors, heaters, sensors/potentiometers, hybrid ICs, circuit boards, and units. The company supplies its products to various industries and fields.
44GF Score

Get the complete analysis for TSE:6977

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

円1,575.00
Price
円856.26
GF Value