Tachikawa (TSE:7989) Cyclically Adjusted PB Ratio: 1.12 (As of Aug. 03, 2026) — 51% 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:7989 Tachikawa Corp TSE:7989
65 GF Score
Price 円2,584.00
GF Value 円715.40
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Tachikawa Cyclically Adjusted PB Ratio?

Tachikawa TSE:7989 -1.94% 65 Cyclically Adjusted PB Ratio is 1.12 as of Aug. 03, 2026, which is 51% above its 10-year median of 0.74. GuruFocus rates TSE:7989 with a GF Score™ of 65/100 and a GF Value™ of 円715.40 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 334 Furnishings, Fixtures & Appliances companies, Tachikawa ranks better than 52.4% on this metric.

As of today (2026-08-03), Tachikawa's current share price is 円2584.00. Tachikawa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,305.97. Tachikawa's Cyclically Adjusted PB Ratio for today is 1.12.

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

TSE:7989' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.74   Max: 1.15
Current: 1.12

During the past years, Tachikawa's highest Cyclically Adjusted PB Ratio was 1.15. The lowest was 0.57. And the median was 0.74.

TSE:7989's Cyclically Adjusted PB Ratio is ranked better than
52.4% of 334 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.195 vs TSE:7989: 1.12

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.

Tachikawa's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,819.868. 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2,305.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tachikawa  (TSE:7989) 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.


Tachikawa Cyclically Adjusted PB Ratio Related Terms


Tachikawa Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tachikawa'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.

Tachikawa Cyclically Adjusted PB Ratio Chart

Tachikawa 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 0.66 0.60 0.70 0.63 0.86

Tachikawa Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.70 0.73 0.87 0.86 1.09

TSE:7989 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

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


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

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

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


TSE:7989
65GF Score
Tachikawa Corp TSE:7989
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tachikawa 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2584.00/2305.97
=1.12

* 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.

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

For example, Tachikawa'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)
=2819.868/112.7000*112.7000
=2,819.868

Current CPI (Mar. 2026) = 112.7000.

Tachikawa Quarterly Data

Book Value per Share CPI Adj_Book
201603 1,571.543 97.900 1,809.120
201606 1,578.842 98.100 1,813.817
201609 1,603.750 98.000 1,844.313
201612 1,606.701 98.400 1,840.195
201703 1,638.318 98.100 1,882.145
201706 1,667.602 98.500 1,908.008
201709 1,694.839 98.800 1,933.283
201712 1,731.634 99.400 1,963.332
201803 1,756.484 99.200 1,995.522
201806 1,769.332 99.200 2,010.118
201809 1,790.979 99.900 2,020.454
201812 1,813.310 99.700 2,049.750
201903 1,846.596 99.700 2,087.376
201906 1,869.060 99.800 2,110.652
201909 1,901.968 100.100 2,141.377
201912 1,941.426 100.500 2,177.102
202003 1,954.957 100.300 2,196.647
202006 1,993.453 99.900 2,248.870
202009 2,022.675 99.900 2,281.837
202012 2,053.951 99.300 2,331.121
202103 2,101.521 99.900 2,370.785
202106 2,129.199 99.500 2,411.666
202109 2,145.600 100.100 2,415.676
202112 2,186.784 100.100 2,462.044
202203 2,224.008 101.100 2,479.186
202206 2,246.676 101.800 2,487.234
202209 2,254.596 103.100 2,464.529
202212 2,287.342 104.100 2,476.306
202303 2,334.024 104.400 2,519.583
202306 2,381.940 105.200 2,551.755
202309 2,406.045 106.200 2,553.308
202312 2,477.510 106.800 2,614.376
202403 2,534.103 107.200 2,664.118
202406 2,569.580 108.200 2,676.448
202412 2,635.992 110.700 2,683.616
202503 2,666.295 111.100 2,704.693
202506 2,686.037 111.700 2,710.084
202509 2,715.299 112.000 2,732.270
202512 2,803.493 113.000 2,796.050
202603 2,819.868 112.700 2,819.868

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 1.12 mean?
Tachikawa (TSE:7989) has a Cyclically Adjusted PB Ratio of 1.12 as of Aug. 03, 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 Tachikawa and its competitors. This is 51% above median its historical median of 0.74. Over the past decade, Tachikawa's Cyclically Adjusted PB Ratio has ranged from 0.57 to 1.15. According to the industry distribution chart, Tachikawa ranks #159 out of 334 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 47.6%.
Is Tachikawa's Cyclically Adjusted PB Ratio too high?
Tachikawa's current Cyclically Adjusted PB Ratio of 1.12 is 51% above median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.15. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.20. Tachikawa's value of 1.12 is 6.3% below this industry median. Based on the distribution chart, Tachikawa ranks #159 out of 334 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Tachikawa has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tachikawa's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Tachikawa ranks #159 out of 334 companies for Cyclically Adjusted PB Ratio. This puts Tachikawa in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Tachikawa's value of 1.12 is 6.3% below this benchmark. Historically, Tachikawa's own Cyclically Adjusted PB Ratio has ranged from 0.57 to 1.15 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 1.20, Tachikawa 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.20, based on 334 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. Tachikawa's current Cyclically Adjusted PB Ratio of 1.12 is 6.3% 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 Tachikawa and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tachikawa's current Cyclically Adjusted PB Ratio is 1.12, which is 51% above median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tachikawa stock overvalued right now?
Based on GuruFocus' analysis, Tachikawa (TSE:7989) is currently considered Significantly Overvalued. The stock's GF Value™ is 円715.40, compared to a current price of 円2,584.00 — trading 261.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.12, which is 51% above median its 10-year median of 0.74 and 6.3% below the Furnishings, Fixtures & Appliances industry median of 1.20. Tachikawa's overall GF Score™ is 65/100 with 8 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 Tachikawa (TSE:7989), the current Cyclically Adjusted PB Ratio is 1.12 as of Aug. 03, 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 Tachikawa (TSE:7989) Overvalued in 2026?

Based on GuruFocus' analysis, Tachikawa stock appears to be overvalued. The current stock price of 円2,584.00 is trading 261.2% above its estimated GF Value™ of 円715.40. GuruFocus considers Tachikawa to be Significantly Overvalued.

Key valuation signals for TSE:7989:

  • Cyclically Adjusted PB Ratio: 1.12 (51% above median its 10-year median of 0.74)
  • GF Value™: 円715.40 vs. price of 円2,584.00 (261.2% above fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 6.3% below the Furnishings, Fixtures & Appliances median (#159 of 334)

No single metric tells the full story. See the TSE:7989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tachikawa Business Description

Address 1-12, Mita 3-Chome, Minato-ku, Tokyo, JPN, 108-8334
Tachikawa Corp manufactures and sells window covering products and room partitions. The company also manufactures vertical blinds, roller blinds, Roman shades, pleated shades, curtain rails, and other window coverings and interior finishes. Its product line is used for residential items, offices, and public facilities.
65GF Score

Get the complete analysis for TSE:7989

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

円2,584.00
Price
円715.40
GF Value