Itoki (TSE:7972) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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:7972 Itoki Corp TSE:7972
75 GF Score
Price 円2,492.00
GF Value 円2,197.47
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Itoki Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Itoki  (TSE:7972) 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.


Itoki Cyclically Adjusted PB Ratio Related Terms


Itoki Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Itoki'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.

Itoki Cyclically Adjusted PB Ratio Chart

Itoki 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 0.37 0.57 1.24 1.46 2.12

Itoki 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 1.93 2.15 2.12 2.63 2.28

TSE:7972 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Itoki'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.


Itoki Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Itoki's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:7972
75GF Score
Itoki Corp TSE:7972
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Itoki 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.

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

For example, Itoki'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)
=1252.685/113.6000*113.6000
=1,252.685

Current CPI (Jun. 2026) = 113.6000.

Itoki Quarterly Data

Book Value per Share CPI Adj_Book
201609 987.809 98.000 1,145.052
201612 996.780 98.400 1,150.754
201703 1,020.952 98.100 1,182.264
201706 1,040.716 98.500 1,200.257
201709 1,032.361 98.800 1,187.006
201712 1,039.038 99.400 1,187.472
201803 1,058.668 99.200 1,212.346
201806 1,056.785 99.200 1,210.189
201809 1,043.390 99.900 1,186.478
201812 1,041.636 99.700 1,186.859
201903 1,034.073 99.700 1,178.242
201906 1,032.941 99.800 1,175.773
201909 1,021.620 100.100 1,159.401
201912 1,006.001 100.500 1,137.131
202003 1,022.266 100.300 1,157.821
202006 1,021.288 99.900 1,161.345
202009 991.183 99.900 1,127.111
202012 978.786 99.300 1,119.739
202103 1,012.632 99.900 1,151.501
202106 997.106 99.500 1,138.404
202109 989.456 100.100 1,122.899
202112 997.115 100.100 1,131.591
202203 1,060.315 101.100 1,191.412
202206 1,069.163 101.800 1,193.093
202209 1,063.670 103.100 1,171.997
202212 1,102.185 104.100 1,202.769
202303 1,142.779 104.400 1,243.484
202306 1,177.948 105.200 1,272.005
202309 1,187.232 106.200 1,269.958
202312 1,212.814 106.800 1,290.034
202403 934.002 107.200 989.763
202406 957.453 108.200 1,005.237
202409 967.923 108.900 1,009.697
202412 1,002.802 110.700 1,029.072
202503 1,049.426 111.100 1,073.040
202506 1,092.597 111.700 1,111.182
202509 1,112.212 112.000 1,128.101
202512 1,149.878 113.000 1,155.984
202603 1,197.401 112.700 1,206.963
202606 1,252.685 113.600 1,252.685

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 Itoki (TSE:7972) Overvalued in 2026?

Based on GuruFocus' analysis, Itoki stock appears to be overvalued. The current stock price of 円2,492.00 is trading 13.4% above its estimated GF Value™ of 円2,197.47. GuruFocus considers Itoki to be Modestly Overvalued.

Key valuation signals for TSE:7972:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円2,197.47 vs. price of 円2,492.00 (13.4% above fair value)
  • GF Score™: 75/100 with 1 warning sign

No single metric tells the full story. See the TSE:7972 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Itoki Business Description

Address 2-5-1 Nihonbashi, Nihonbashi Takashimaya Mitsui Building, Chuo-ku, Tokyo, JPN, 103-6113
Itoki Corp is engaged in the manufacturing and selling of office furniture, facilities equipment, and other related products. Its product portfolio consists of steel and wooden furniture, iron doors, and safe-deposit boxes, as well as office supplies and equipment, and store furniture and equipment. The company is also involved in the provision of maintenance services and the execution and management of construction projects.
75GF Score

Get the complete analysis for TSE:7972

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

円2,492.00
Price
円2,197.47
GF Value