T.RAD Co (TSE:7236) Cyclically Adjusted PB Ratio: 2.24 (As of Aug. 06, 2026) — 348% Above Median

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TSE:7236 T.RAD Co Ltd TSE:7236
68 GF Score
Price 円1,537.00
GF Value 円432.37
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is T.RAD Co Cyclically Adjusted PB Ratio?

T.RAD Co TSE:7236 +0.52% 68 Cyclically Adjusted PB Ratio is 2.24 as of Aug. 06, 2026, which is 348% above its 10-year median of 0.50. GuruFocus rates TSE:7236 with a GF Score™ of 68/100 and a GF Value™ of 円432.37 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,013 Vehicles & Parts companies, T.RAD Co ranks worse than 66.24% on this metric.

As of today (2026-08-06), T.RAD Co's current share price is 円1537.00. T.RAD Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円685.91. T.RAD Co's Cyclically Adjusted PB Ratio for today is 2.24.

The historical rank and industry rank for T.RAD Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:7236' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.5   Max: 2.27
Current: 2.23

During the past years, T.RAD Co's highest Cyclically Adjusted PB Ratio was 2.27. The lowest was 0.22. And the median was 0.50.

TSE:7236's Cyclically Adjusted PB Ratio is ranked worse than
66.24% of 1013 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs TSE:7236: 2.23

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.

T.RAD Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円936.303. 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685.91 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


T.RAD Co  (TSE:7236) 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.


T.RAD Co Cyclically Adjusted PB Ratio Related Terms


T.RAD Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for T.RAD 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.

T.RAD Co Cyclically Adjusted PB Ratio Chart

T.RAD 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 0.46 0.40 0.64 0.56 1.13

T.RAD Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.56 0.67 1.07 1.21 1.13

TSE:7236 vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, T.RAD 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.


T.RAD Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, T.RAD Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where T.RAD Co's Cyclically Adjusted PB Ratio falls into.


TSE:7236
68GF Score
T.RAD Co Ltd TSE:7236
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

T.RAD 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.

T.RAD Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1537.00/685.91
=2.24

* 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.

T.RAD Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, T.RAD Co'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)
=936.303/112.7000*112.7000
=936.303

Current CPI (Mar. 2026) = 112.7000.

T.RAD Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 498.150 97.900 573.458
201606 472.803 98.100 543.169
201609 461.128 98.000 530.297
201612 473.497 98.400 542.308
201703 521.031 98.100 598.575
201706 525.792 98.500 601.591
201709 534.219 98.800 609.377
201712 561.788 99.400 636.957
201803 563.540 99.200 640.231
201806 559.733 99.200 635.906
201809 567.987 99.900 640.762
201812 566.467 99.700 640.329
201903 553.603 99.700 625.788
201906 579.022 99.800 653.866
201909 600.375 100.100 675.947
201912 588.124 100.500 659.518
202003 591.577 100.300 664.713
202006 555.407 99.900 626.570
202009 538.870 99.900 607.914
202012 544.854 99.300 618.379
202103 567.312 99.900 640.001
202106 601.379 99.500 681.160
202109 617.752 100.100 695.511
202112 644.544 100.100 725.675
202203 680.953 101.100 759.084
202206 709.367 101.800 785.321
202209 738.510 103.100 807.275
202212 727.104 104.100 787.172
202303 647.837 104.400 699.341
202306 667.060 105.200 714.617
202309 697.872 106.200 740.585
202312 692.406 106.800 730.657
202403 686.009 107.200 721.205
202406 698.143 108.200 727.179
202409 718.569 108.900 743.643
202503 768.895 111.100 779.968
202506 771.677 111.700 778.585
202509 804.054 112.000 809.079
202512 850.740 113.000 848.481
202603 936.303 112.700 936.303

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 2.24 mean?
T.RAD Co (TSE:7236) has a Cyclically Adjusted PB Ratio of 2.24 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 T.RAD Co and its competitors. This is 348% above median its historical median of 0.50. Over the past decade, T.RAD Co's Cyclically Adjusted PB Ratio has ranged from 0.22 to 2.27. According to the industry distribution chart, T.RAD Co ranks #671 out of 1013 companies in the Vehicles & Parts industry, placing it in the top 66.2%.
Is T.RAD Co's Cyclically Adjusted PB Ratio too high?
T.RAD Co's current Cyclically Adjusted PB Ratio of 2.24 is 348% above median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 2.27. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. T.RAD Co's value of 2.24 is 77.8% above this industry median. Based on the distribution chart, T.RAD Co ranks #671 out of 1013 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, T.RAD Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does T.RAD Co's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, T.RAD Co ranks #671 out of 1013 companies for Cyclically Adjusted PB Ratio. This places T.RAD Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. T.RAD Co's value of 2.24 is 77.8% above this benchmark. Historically, T.RAD Co's own Cyclically Adjusted PB Ratio has ranged from 0.22 to 2.27 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 1.26, T.RAD Co 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 1,013 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. T.RAD Co's current Cyclically Adjusted PB Ratio of 2.24 is 77.8% 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 T.RAD Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T.RAD Co's current Cyclically Adjusted PB Ratio is 2.24, which is 348% above median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T.RAD Co stock overvalued right now?
Based on GuruFocus' analysis, T.RAD Co (TSE:7236) is currently considered Significantly Overvalued. The stock's GF Value™ is 円432.37, compared to a current price of 円1,537.00 — trading 255.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.24, which is 348% above median its 10-year median of 0.50 and 77.8% above the Vehicles & Parts industry median of 1.26. T.RAD Co's overall GF Score™ is 68/100 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 T.RAD Co (TSE:7236), the current Cyclically Adjusted PB Ratio is 2.24 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 T.RAD Co (TSE:7236) Overvalued in 2026?

Based on GuruFocus' analysis, T.RAD Co stock appears to be overvalued. The current stock price of 円1,537.00 is trading 255.5% above its estimated GF Value™ of 円432.37. GuruFocus considers T.RAD Co to be Significantly Overvalued.

Key valuation signals for TSE:7236:

  • Cyclically Adjusted PB Ratio: 2.24 (348% above median its 10-year median of 0.50)
  • GF Value™: 円432.37 vs. price of 円1,537.00 (255.5% above fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 77.8% above the Vehicles & Parts median (#671 of 1013)

No single metric tells the full story. See the TSE:7236 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


T.RAD Co Business Description

Address Aioi Insurance Shinjyuku Bldg, 3-25-3,Yoyogi, Shibuya-ku, Tokyo, JPN, 151-0053
T.RAD Co Ltd engages in manufacture and sale of automobile parts and other machinery. Its services include the manufacturing and marketing of heat exchangers for automobiles, construction and industrial machines, air conditioners, distributed generators, parts for automobiles, environment-related equipment, and others. The firm's main products consist of radiators, oil coolers, EGR coolers, intercoolers, recuperators, fin coils for air conditioners, and other heat exchangers.
68GF Score

Get the complete analysis for TSE:7236

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

円1,537.00
Price
円432.37
GF Value