Okamura (TSE:7994) Cyclically Adjusted PB Ratio: 1.48 (As of Aug. 11, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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TSE:7994 Okamura Corp TSE:7994
79 GF Score
Price 円2,300.00
GF Value 円2,458.77
Valuation Fairly Valued
! 1 Warning Sign
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What is Okamura Cyclically Adjusted PB Ratio?

Okamura TSE:7994 -0.86% 79 Cyclically Adjusted PB Ratio is 1.48 as of Aug. 11, 2026, which is 2% above its 10-year median of 1.45. GuruFocus rates TSE:7994 with a GF Score™ of 79/100 and a GF Value™ of 円2,458.77 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,242 Industrial Products companies, Okamura ranks better than 63.07% on this metric.

As of today (2026-08-11), Okamura's current share price is 円2300.00. Okamura's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,550.94. Okamura's Cyclically Adjusted PB Ratio for today is 1.48.

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

TSE:7994' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1.45   Max: 2.02
Current: 1.5

During the past years, Okamura's highest Cyclically Adjusted PB Ratio was 2.02. The lowest was 0.71. And the median was 1.45.

TSE:7994's Cyclically Adjusted PB Ratio is ranked better than
63.07% of 2242 companies
in the Industrial Products industry
Industry Median: 2.19 vs TSE:7994: 1.50

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.

Okamura's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,156.115. 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1,550.94 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Okamura  (TSE:7994) 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.


Okamura Cyclically Adjusted PB Ratio Related Terms


Okamura Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Okamura'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.

Okamura Cyclically Adjusted PB Ratio Chart

Okamura 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 1.12 1.15 1.74 1.37 1.59

Okamura Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.37 1.51 1.57 1.50 1.59

Okamura Cyclically Adjusted PB Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, Okamura'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.


Okamura Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Okamura's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:7994
79GF Score
Okamura Corp TSE:7994
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Okamura 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2300.00/1550.94
=1.48

* 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.

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

For example, Okamura'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)
=2156.115/112.7000*112.7000
=2,156.115

Current CPI (Mar. 2026) = 112.7000.

Okamura Quarterly Data

Book Value per Share CPI Adj_Book
201606 970.308 98.100 1,114.717
201609 981.183 98.000 1,128.360
201612 997.458 98.400 1,142.414
201703 1,032.054 98.100 1,185.652
201706 1,051.717 98.500 1,203.335
201709 1,072.786 98.800 1,223.714
201712 1,090.933 99.400 1,236.903
201803 1,136.792 99.200 1,291.497
201806 1,147.449 99.200 1,303.604
201809 1,185.288 99.900 1,337.157
201812 1,125.825 99.700 1,272.623
201903 1,179.613 99.700 1,333.424
201906 1,170.462 99.800 1,321.754
201909 1,191.134 100.100 1,341.067
201912 1,206.658 100.500 1,353.138
202003 1,219.163 100.300 1,369.887
202006 1,228.753 99.900 1,386.191
202009 1,263.107 99.900 1,424.947
202012 1,317.647 99.300 1,495.456
202103 1,381.592 99.900 1,558.613
202106 1,374.110 99.500 1,556.404
202109 1,408.118 100.100 1,585.364
202112 1,397.602 100.100 1,573.524
202203 1,459.335 101.100 1,626.776
202206 1,472.267 101.800 1,629.907
202209 1,497.601 103.100 1,637.048
202212 1,507.177 104.100 1,631.689
202303 1,592.780 104.400 1,719.409
202306 1,655.876 105.200 1,773.928
202309 1,704.984 106.200 1,809.338
202312 1,689.686 106.800 1,783.030
202403 1,821.077 107.200 1,914.509
202406 1,821.867 108.200 1,897.638
202409 1,823.797 108.900 1,887.437
202412 1,817.096 110.700 1,849.925
202503 1,956.307 111.100 1,984.481
202506 1,947.700 111.700 1,965.137
202509 2,001.415 112.000 2,013.924
202512 2,022.804 113.000 2,017.434
202603 2,156.115 112.700 2,156.115

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 1.48 mean?
Okamura (TSE:7994) has a Cyclically Adjusted PB Ratio of 1.48 as of Aug. 11, 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 Okamura and its competitors. This is near median its historical median of 1.45. Over the past decade, Okamura's Cyclically Adjusted PB Ratio has ranged from 0.71 to 2.02. According to the industry distribution chart, Okamura ranks #828 out of 2242 companies in the Industrial Products industry, placing it in the top 36.9%.
Is Okamura's Cyclically Adjusted PB Ratio too high?
Okamura's current Cyclically Adjusted PB Ratio of 1.48 is near median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 2.02. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.19. Okamura's value of 1.48 is 32.4% below this industry median. Based on the distribution chart, Okamura ranks #828 out of 2242 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Okamura has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Okamura's Cyclically Adjusted PB Ratio compare to competitors?
According to the Industrial Products industry distribution chart, Okamura ranks #828 out of 2242 companies for Cyclically Adjusted PB Ratio. This puts Okamura in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.19. Okamura's value of 1.48 is 32.4% below this benchmark. Historically, Okamura's own Cyclically Adjusted PB Ratio has ranged from 0.71 to 2.02 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 2.19, Okamura 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.19, based on 2,242 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. Okamura's current Cyclically Adjusted PB Ratio of 1.48 is 32.4% 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 Okamura and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Okamura's current Cyclically Adjusted PB Ratio is 1.48, which is near median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okamura stock overvalued right now?
Based on GuruFocus' analysis, Okamura (TSE:7994) is currently considered Fairly Valued. The stock's GF Value™ is 円2,458.77, compared to a current price of 円2,300.00 — trading 6.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.48, which is near median its 10-year median of 1.45 and 32.4% below the Industrial Products industry median of 2.19. Okamura's overall GF Score™ is 79/100 with 1 warning sign 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 Okamura (TSE:7994), the current Cyclically Adjusted PB Ratio is 1.48 as of Aug. 11, 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 Okamura (TSE:7994) Overvalued in 2026?

Based on GuruFocus' analysis, Okamura stock appears to be undervalued. The current stock price of 円2,300.00 is trading 6.5% below its estimated GF Value™ of 円2,458.77. GuruFocus considers Okamura to be Fairly Valued.

Key valuation signals for TSE:7994:

  • Cyclically Adjusted PB Ratio: 1.48 (near median its 10-year median of 1.45)
  • GF Value™: 円2,458.77 vs. price of 円2,300.00 (6.5% below fair value)
  • GF Score™: 79/100 with 1 warning sign
  • Industry Position: 32.4% below the Industrial Products median (#828 of 2242)

No single metric tells the full story. See the TSE:7994 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Okamura Business Description

Other Exchanges OKAMF:USA
Address Bldg 19, No. 1, No. 4 Tenri Kitasaiwai 1-chome, Nishi-ku, Yokohama, JPN, 220-0004
Okamura Corp is a Japanese manufacturer that operates through three segments. The office furniture segment provides office seating, desks, storage, filing supplies, room furniture, and fixtures. The store displays segment comprises products including display fixtures for food and stores, checkout facilities, and showcases. The material handling systems and others segment consists of automated warehouse, conveyor systems, sorting systems, shelves, and equipment for plants and warehouses. Combined, the office furniture and store displays segments contribute the majority of group sales. Okamura's products are manufactured both in Japan and overseas and are delivered across the world by its distribution network.
79GF Score

Get the complete analysis for TSE:7994

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

円2,300.00
Price
円2,458.77
GF Value