Iwatani (TSE:8088) Cyclically Adjusted PB Ratio: 1.83 (As of Aug. 13, 2026) — Near Median

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TSE:8088 Iwatani Corp TSE:8088
80 GF Score
Price 円2,220.00
GF Value 円1,893.77
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Iwatani Cyclically Adjusted PB Ratio?

Iwatani TSE:8088 +0.52% 80 Cyclically Adjusted PB Ratio is 1.83 as of Aug. 13, 2026, which is 2% below its 10-year median of 1.87. GuruFocus rates TSE:8088 with a GF Score™ of 80/100 and a GF Value™ of 円1,893.77 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 458 Conglomerates companies, Iwatani ranks worse than 69% on this metric.

As of today (2026-08-13), Iwatani's current share price is 円2220.00. Iwatani's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,216.01. Iwatani's Cyclically Adjusted PB Ratio for today is 1.83.

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

TSE:8088' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.17   Med: 1.87   Max: 2.92
Current: 1.83

During the past years, Iwatani's highest Cyclically Adjusted PB Ratio was 2.92. The lowest was 1.17. And the median was 1.87.

TSE:8088's Cyclically Adjusted PB Ratio is ranked worse than
69% of 458 companies
in the Conglomerates industry
Industry Median: 1.01 vs TSE:8088: 1.83

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.

Iwatani's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,898.973. 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1,216.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Iwatani  (TSE:8088) 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.


Iwatani Cyclically Adjusted PB Ratio Related Terms


Iwatani Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Iwatani'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.

Iwatani Cyclically Adjusted PB Ratio Chart

Iwatani 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 1.79 1.74 2.28 1.37 1.65

Iwatani 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 1.37 1.41 1.39 1.65 0.00

TSE:8088 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Iwatani'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.


Iwatani Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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


TSE:8088
80GF Score
Iwatani Corp TSE:8088
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iwatani 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2220.00/1216.01
=1.83

* 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.

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

For example, Iwatani'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)
=1898.973/112.7000*112.7000
=1,898.973

Current CPI (Mar. 2026) = 112.7000.

Iwatani Quarterly Data

Book Value per Share CPI Adj_Book
201606 569.646 98.100 654.425
201609 578.795 98.000 665.614
201612 623.526 98.400 714.140
201703 682.840 98.100 784.466
201706 692.518 98.500 792.353
201709 713.981 98.800 814.430
201712 762.475 99.400 864.496
201803 784.517 99.200 891.281
201806 787.718 99.200 894.918
201809 815.515 99.900 920.005
201812 795.567 99.700 899.302
201903 840.476 99.700 950.067
201906 845.999 99.800 955.352
201909 854.774 100.100 962.368
201912 895.470 100.500 1,004.174
202003 925.903 100.300 1,040.372
202006 920.326 99.900 1,038.246
202009 951.961 99.900 1,073.934
202012 993.431 99.300 1,127.489
202103 1,061.326 99.900 1,197.312
202106 1,066.885 99.500 1,208.422
202109 1,097.696 100.100 1,235.868
202112 1,132.292 100.100 1,274.818
202203 1,174.133 101.100 1,308.851
202206 1,202.286 101.800 1,331.018
202209 1,229.918 103.100 1,344.440
202212 1,255.406 104.100 1,359.119
202303 1,312.376 104.400 1,416.712
202306 1,354.162 105.200 1,450.704
202309 1,387.852 106.200 1,472.796
202312 1,429.126 106.800 1,508.076
202403 1,574.557 107.200 1,655.341
202406 1,617.257 108.200 1,684.518
202409 1,623.453 108.900 1,680.102
202412 1,657.487 110.700 1,687.433
202503 1,677.469 111.100 1,701.627
202506 1,641.282 111.700 1,655.976
202509 1,731.678 112.000 1,742.501
202512 1,783.020 113.000 1,778.286
202603 1,898.973 112.700 1,898.973

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 1.83 mean?
Iwatani (TSE:8088) has a Cyclically Adjusted PB Ratio of 1.83 as of Aug. 13, 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 Iwatani and its competitors. This is near median its historical median of 1.87. Over the past decade, Iwatani's Cyclically Adjusted PB Ratio has ranged from 1.17 to 2.92. According to the industry distribution chart, Iwatani ranks #316 out of 458 companies in the Conglomerates industry, placing it in the top 69%.
Is Iwatani's Cyclically Adjusted PB Ratio too high?
Iwatani's current Cyclically Adjusted PB Ratio of 1.83 is near median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 2.92. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. Iwatani's value of 1.83 is 81.2% above this industry median. Based on the distribution chart, Iwatani ranks #316 out of 458 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Iwatani has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iwatani's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Iwatani ranks #316 out of 458 companies for Cyclically Adjusted PB Ratio. This places Iwatani in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. Iwatani's value of 1.83 is 81.2% above this benchmark. Historically, Iwatani's own Cyclically Adjusted PB Ratio has ranged from 1.17 to 2.92 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 1.01, Iwatani 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.01, based on 458 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. Iwatani's current Cyclically Adjusted PB Ratio of 1.83 is 81.2% 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 Iwatani and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iwatani's current Cyclically Adjusted PB Ratio is 1.83, which is near median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iwatani stock overvalued right now?
Based on GuruFocus' analysis, Iwatani (TSE:8088) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,893.77, compared to a current price of 円2,220.00 — trading 17.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.83, which is near median its 10-year median of 1.87 and 81.2% above the Conglomerates industry median of 1.01. Iwatani's overall GF Score™ is 80/100 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 Iwatani (TSE:8088), the current Cyclically Adjusted PB Ratio is 1.83 as of Aug. 13, 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 Iwatani (TSE:8088) Overvalued in 2026?

Based on GuruFocus' analysis, Iwatani stock appears to be overvalued. The current stock price of 円2,220.00 is trading 17.2% above its estimated GF Value™ of 円1,893.77. GuruFocus considers Iwatani to be Modestly Overvalued.

Key valuation signals for TSE:8088:

  • Cyclically Adjusted PB Ratio: 1.83 (near median its 10-year median of 1.87)
  • GF Value™: 円1,893.77 vs. price of 円2,220.00 (17.2% above fair value)
  • GF Score™: 80/100 with 8 warning signs
  • Industry Position: 81.2% above the Conglomerates median (#316 of 458)

No single metric tells the full story. See the TSE:8088 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Iwatani Business Description

Other Exchanges IWTNF:USAIWA:Germany
Address 3-6-4 Honmachi, Chuo-ku, Osaka, JPN, 541-0053
Iwatani Corp is engaged in the comprehensive energy, industrial gases and machinery, and materials businesses. The Comprehensive Energy Business provides LPG for home, commercial, and industrial use, liquefied natural gas, petroleum products, and home-related equipment such as ENE-FARM and GHP. The Industrial Gases and Machinery Business supplies hydrogen, helium, and other specialty gases, along with gas supply equipment, welding materials, and machinery. The Materials Business handles PET resin, biomass fuel, secondary battery materials, rare earths, semiconductor materials, stainless steel, aluminum, and display films.
80GF Score

Get the complete analysis for TSE:8088

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

円2,220.00
Price
円1,893.77
GF Value