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TSE:7952's Cyclically Adjusted PB Ratio is ranked better than 61.28% of 643
companies
in the Travel & Leisure industry
Industry Median: 1.22
vs TSE:7952: 0.86
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.
Kawai Musical Instruments Manufacturing Co's adjusted book value per share data of for the fiscal year that ended in Mar26 was 円5,434.201. 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4,131.41 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Kawai Musical Instruments Manufacturing Co (TSE:7952) 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.
Kawai Musical Instruments Manufacturing Co Cyclically Adjusted PB Ratio Related Terms
Kawai Musical Instruments Manufacturing Co Cyclically Adjusted PB Ratio Historical Data
* 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.
Kawai Musical Instruments Manufacturing Co Cyclically Adjusted PB Ratio Chart
Kawai Musical Instruments Manufacturing Co Annual Data
TSE:7952 vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison
For the Leisure subindustry, Kawai Musical Instruments Manufacturing 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.
Kawai Musical Instruments Manufacturing Co Cyclically Adjusted PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Kawai Musical Instruments Manufacturing Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Kawai Musical Instruments Manufacturing Co's Cyclically Adjusted PB Ratio falls into.
Kawai Musical Instruments Manufacturing 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.
* 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.
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 0.86 mean?
Kawai Musical Instruments Manufacturing Co (TSE:7952) has a Cyclically Adjusted PB Ratio of 0.86 as of Aug. 05, 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 Kawai Musical Instruments Manufacturing Co and its competitors. This is 26% below median its historical median of 1.17. Over the past decade, Kawai Musical Instruments Manufacturing Co's Cyclically Adjusted PB Ratio has ranged from 0.64 to 2.80. According to the industry distribution chart, Kawai Musical Instruments Manufacturing Co ranks #249 out of 643 companies in the Travel & Leisure industry, placing it in the top 38.7%.
Is Kawai Musical Instruments Manufacturing Co's Cyclically Adjusted PB Ratio too high?
Kawai Musical Instruments Manufacturing Co's current Cyclically Adjusted PB Ratio of 0.86 is 26% below median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 2.80. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.22. Kawai Musical Instruments Manufacturing Co's value of 0.86 is 29.5% below this industry median. Based on the distribution chart, Kawai Musical Instruments Manufacturing Co ranks #249 out of 643 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Kawai Musical Instruments Manufacturing Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kawai Musical Instruments Manufacturing Co's Cyclically Adjusted PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Kawai Musical Instruments Manufacturing Co ranks #249 out of 643 companies for Cyclically Adjusted PB Ratio. This puts Kawai Musical Instruments Manufacturing Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.22. Kawai Musical Instruments Manufacturing Co's value of 0.86 is 29.5% below this benchmark. Historically, Kawai Musical Instruments Manufacturing Co's own Cyclically Adjusted PB Ratio has ranged from 0.64 to 2.80 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 1.22, Kawai Musical Instruments Manufacturing Co has consistently been below 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.22, based on 643 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. Kawai Musical Instruments Manufacturing Co's current Cyclically Adjusted PB Ratio of 0.86 is 29.5% below 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 Kawai Musical Instruments Manufacturing Co and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kawai Musical Instruments Manufacturing Co's current Cyclically Adjusted PB Ratio is 0.86, which is 26% below median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawai Musical Instruments Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Kawai Musical Instruments Manufacturing Co (TSE:7952) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,721.30, compared to a current price of 円3,565.00 — trading 31% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.86, which is 26% below median its 10-year median of 1.17 and 29.5% below the Travel & Leisure industry median of 1.22. Kawai Musical Instruments Manufacturing Co's overall GF Score™ is 59/100 with 12 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 Kawai Musical Instruments Manufacturing Co (TSE:7952), the current Cyclically Adjusted PB Ratio is 0.86 as of Aug. 05, 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 Kawai Musical Instruments Manufacturing Co (TSE:7952) Overvalued in 2026?
Based on GuruFocus' analysis, Kawai Musical Instruments Manufacturing Co stock appears to be overvalued.
The current stock price of 円3,565.00 is trading 31% above its estimated GF Value™ of 円2,721.30.
GuruFocus considers Kawai Musical Instruments Manufacturing Co to be Significantly Overvalued.
Key valuation signals for TSE:7952:
Cyclically Adjusted PB Ratio: 0.86 (26% below median its 10-year median of 1.17)
GF Value™: 円2,721.30 vs. price of 円3,565.00 (31% above fair value)
Industry Position: 29.5% below the Travel & Leisure median (#249 of 643)
No single metric tells the full story. See the TSE:7952 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kawai Musical Instruments Manufacturing Co Ltd is a Japan-based musical instrument manufacturer. The company is mainly engaged in manufacturing and sales of musical instruments, precision metals, wood products, and electronic devices. Products offered by the company include grand pianos, upright pianos, digital pianos, hybrid pianos, and anytime pianos. It sells its products under the brand name Philosophy, Legacy, Artists, Competitions, and Institutions. Kawai has world-wide sales networks, it distributes its products in Europe, America, Asia and Oceania, Africa and the Middle East. The company is also engaged in the development and sales of software and operations of music schools, and gymnastics schools.
59GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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