Tsuzuki Denki Co (TSE:8157) Cyclically Adjusted PB Ratio: 1.93 (As of Aug. 12, 2026) — 80% Above Median

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TSE:8157 Tsuzuki Denki Co Ltd TSE:8157
66 GF Score
Price 円3,985.00
GF Value 円2,151.26
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Tsuzuki Denki Co Cyclically Adjusted PB Ratio?

Tsuzuki Denki Co TSE:8157 -1.36% 66 Cyclically Adjusted PB Ratio is 1.93 as of Aug. 12, 2026, which is 80% above its 10-year median of 1.07. GuruFocus rates TSE:8157 with a GF Score™ of 66/100 and a GF Value™ of 円2,151.26 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 457 Conglomerates companies, Tsuzuki Denki Co ranks worse than 70.9% on this metric.

As of today (2026-08-12), Tsuzuki Denki Co's current share price is 円3985.00. Tsuzuki Denki Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,068.09. Tsuzuki Denki Co's Cyclically Adjusted PB Ratio for today is 1.93.

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

TSE:8157' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.07   Max: 2.03
Current: 1.95

During the past years, Tsuzuki Denki Co's highest Cyclically Adjusted PB Ratio was 2.03. The lowest was 0.53. And the median was 1.07.

TSE:8157's Cyclically Adjusted PB Ratio is ranked worse than
70.9% of 457 companies
in the Conglomerates industry
Industry Median: 1.01 vs TSE:8157: 1.95

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.

Tsuzuki Denki Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,652.721. 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2,068.09 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsuzuki Denki Co  (TSE:8157) 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.


Tsuzuki Denki Co Cyclically Adjusted PB Ratio Related Terms


Tsuzuki Denki Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tsuzuki Denki Co'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.

Tsuzuki Denki Co Cyclically Adjusted PB Ratio Chart

Tsuzuki Denki Co 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 0.91 0.88 1.26 1.14 1.68

Tsuzuki Denki Co 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 1.40 1.65 1.69 1.68 0.00

TSE:8157 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Tsuzuki Denki 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.


Tsuzuki Denki Co Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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


TSE:8157
66GF Score
Tsuzuki Denki Co Ltd TSE:8157
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tsuzuki Denki 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.

Tsuzuki Denki Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3985.00/2068.09
=1.93

* 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.

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

For example, Tsuzuki Denki Co'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)
=2652.721/112.7000*112.7000
=2,652.721

Current CPI (Mar. 2026) = 112.7000.

Tsuzuki Denki Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,626.133 98.100 1,868.147
201609 1,712.354 98.000 1,969.207
201612 1,724.012 98.400 1,974.554
201703 1,625.296 98.100 1,867.185
201706 1,586.447 98.500 1,815.153
201709 1,638.133 98.800 1,868.599
201712 1,912.470 99.400 2,168.364
201803 1,612.336 99.200 1,831.757
201806 1,548.787 99.200 1,759.559
201809 1,609.822 99.900 1,816.085
201812 1,563.987 99.700 1,767.917
201903 1,666.763 99.700 1,884.094
201906 1,593.917 99.800 1,799.944
201909 1,670.594 100.100 1,880.879
201912 1,989.612 100.500 2,231.137
202003 1,706.061 100.300 1,916.980
202006 1,635.071 99.900 1,844.570
202009 1,695.453 99.900 1,912.688
202012 1,693.962 99.300 1,922.553
202103 1,760.815 99.900 1,986.425
202106 1,728.427 99.500 1,957.726
202109 1,780.681 100.100 2,004.823
202112 1,780.852 100.100 2,005.015
202203 1,853.564 101.100 2,066.238
202206 1,821.568 101.800 2,016.608
202209 1,873.709 103.100 2,048.177
202212 1,882.061 104.100 2,037.543
202303 1,949.947 104.400 2,104.972
202306 1,964.288 105.200 2,104.328
202309 2,115.116 106.200 2,244.572
202312 2,150.471 106.800 2,269.270
202403 2,241.760 107.200 2,356.776
202406 2,197.084 108.200 2,288.460
202409 2,243.249 108.900 2,321.526
202412 2,256.347 110.700 2,297.112
202503 2,436.004 111.100 2,471.086
202506 2,402.559 111.700 2,424.068
202509 2,465.996 112.000 2,481.408
202512 2,491.925 113.000 2,485.309
202603 2,652.721 112.700 2,652.721

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 1.93 mean?
Tsuzuki Denki Co (TSE:8157) has a Cyclically Adjusted PB Ratio of 1.93 as of Aug. 12, 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 Tsuzuki Denki Co and its competitors. This is 80% above median its historical median of 1.07. Over the past decade, Tsuzuki Denki Co's Cyclically Adjusted PB Ratio has ranged from 0.53 to 2.03. According to the industry distribution chart, Tsuzuki Denki Co ranks #324 out of 457 companies in the Conglomerates industry, placing it in the top 70.9%.
Is Tsuzuki Denki Co's Cyclically Adjusted PB Ratio too high?
Tsuzuki Denki Co's current Cyclically Adjusted PB Ratio of 1.93 is 80% above median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 2.03. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. Tsuzuki Denki Co's value of 1.93 is 91.1% above this industry median. Based on the distribution chart, Tsuzuki Denki Co ranks #324 out of 457 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Tsuzuki Denki Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tsuzuki Denki Co's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Tsuzuki Denki Co ranks #324 out of 457 companies for Cyclically Adjusted PB Ratio. This places Tsuzuki Denki Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. Tsuzuki Denki Co's value of 1.93 is 91.1% above this benchmark. Historically, Tsuzuki Denki Co's own Cyclically Adjusted PB Ratio has ranged from 0.53 to 2.03 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 1.01, Tsuzuki Denki Co 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 457 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. Tsuzuki Denki Co's current Cyclically Adjusted PB Ratio of 1.93 is 91.1% 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 Tsuzuki Denki Co 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. Tsuzuki Denki Co's current Cyclically Adjusted PB Ratio is 1.93, which is 80% above median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsuzuki Denki Co stock overvalued right now?
Based on GuruFocus' analysis, Tsuzuki Denki Co (TSE:8157) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,151.26, compared to a current price of 円3,985.00 — trading 85.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.93, which is 80% above median its 10-year median of 1.07 and 91.1% above the Conglomerates industry median of 1.01. Tsuzuki Denki Co's overall GF Score™ is 66/100 with 4 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 Tsuzuki Denki Co (TSE:8157), the current Cyclically Adjusted PB Ratio is 1.93 as of Aug. 12, 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 Tsuzuki Denki Co (TSE:8157) Overvalued in 2026?

Based on GuruFocus' analysis, Tsuzuki Denki Co stock appears to be overvalued. The current stock price of 円3,985.00 is trading 85.2% above its estimated GF Value™ of 円2,151.26. GuruFocus considers Tsuzuki Denki Co to be Significantly Overvalued.

Key valuation signals for TSE:8157:

  • Cyclically Adjusted PB Ratio: 1.93 (80% above median its 10-year median of 1.07)
  • GF Value™: 円2,151.26 vs. price of 円3,985.00 (85.2% above fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 91.1% above the Conglomerates median (#324 of 457)

No single metric tells the full story. See the TSE:8157 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsuzuki Denki Co Business Description

Address Tokyo Art Club Building, 6-19-15 Shinbashi, Minato-ku, Tokyo, JPN, 105-8665
Tsuzuki Denki Co Ltd engages in provision of information network system solution services. Its electronic devices comprise logic ICs, memory ICs, discrete semiconductors, compound semiconductors, relays, connectors, mouse, display panels, circuit boards, communication modules, and other components. The company's information equipment includes hard disks, PC/servers, printers, and other electronic devices; computer supplies, such as toners, ink ribbons, papers, and data media; computer-related products consisting of PC peripherals and network equipment; stationary/office supplies; and office solutions comprising interior design/construction. The company serves customers in the fields of manufacturing, distribution and services, medical and welfare, public and education, and financial.
66GF Score

Get the complete analysis for TSE:8157

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

円3,985.00
Price
円2,151.26
GF Value