Mitsui O.S.K. Lines (TSE:9104) Cyclically Adjusted PB Ratio: 1.87 (As of Aug. 25, 2026) — 51% Above Median

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TSE:9104 Mitsui O.S.K. Lines Ltd TSE:9104
74 GF Score
Price 円7,214.00
GF Value 円5,971.59
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Mitsui O.S.K. Lines Cyclically Adjusted PB Ratio?

Mitsui O.S.K. Lines TSE:9104 -0.84% 74 Cyclically Adjusted PB Ratio is 1.87 as of Aug. 25, 2026, which is 51% above its 10-year median of 1.24. GuruFocus rates TSE:9104 with a GF Score™ of 74/100 and a GF Value™ of 円5,971.59 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 708 Transportation companies, Mitsui O.S.K. Lines ranks worse than 67.09% on this metric.

As of today (2026-08-25), Mitsui O.S.K. Lines's current share price is 円7214.00. Mitsui O.S.K. Lines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円3,864.39. Mitsui O.S.K. Lines's Cyclically Adjusted PB Ratio for today is 1.87.

The historical rank and industry rank for Mitsui O.S.K. Lines's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:9104' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 1.24   Max: 2.19
Current: 1.88

During the past years, Mitsui O.S.K. Lines's highest Cyclically Adjusted PB Ratio was 2.19. The lowest was 0.29. And the median was 1.24.

TSE:9104's Cyclically Adjusted PB Ratio is ranked worse than
67.09% of 708 companies
in the Transportation industry
Industry Median: 1.275 vs TSE:9104: 1.88

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.

Mitsui O.S.K. Lines's adjusted book value per share data for the three months ended in Mar. 2026 was 円8,365.564. 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3,864.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsui O.S.K. Lines  (TSE:9104) 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.


Mitsui O.S.K. Lines Cyclically Adjusted PB Ratio Related Terms


Mitsui O.S.K. Lines Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mitsui O.S.K. Lines'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.

Mitsui O.S.K. Lines Cyclically Adjusted PB Ratio Chart

Mitsui O.S.K. Lines 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 1.90 1.52 1.74 1.59 1.68

Mitsui O.S.K. Lines 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 1.42 1.27 1.27 1.68 0.00

Mitsui O.S.K. Lines Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, Mitsui O.S.K. Lines'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.


Mitsui O.S.K. Lines Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Mitsui O.S.K. Lines's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mitsui O.S.K. Lines's Cyclically Adjusted PB Ratio falls into.


TSE:9104
74GF Score
Mitsui O.S.K. Lines Ltd TSE:9104
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsui O.S.K. Lines 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.

Mitsui O.S.K. Lines's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7214.00/3864.39
=1.87

* 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.

Mitsui O.S.K. Lines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Mitsui O.S.K. Lines'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)
=8365.564/112.7000*112.7000
=8,365.564

Current CPI (Mar. 2026) = 112.7000.

Mitsui O.S.K. Lines Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,441.426 98.100 1,655.950
201609 1,399.377 98.000 1,609.284
201612 1,461.553 98.400 1,673.953
201703 1,600.897 98.100 1,839.155
201706 1,587.032 98.500 1,815.822
201709 1,605.582 98.800 1,831.469
201712 1,673.154 99.400 1,897.027
201803 1,430.574 99.200 1,625.259
201806 1,406.088 99.200 1,597.441
201809 1,495.404 99.900 1,687.007
201812 1,498.999 99.700 1,694.455
201903 1,468.477 99.700 1,659.953
201906 1,433.604 99.800 1,618.910
201909 1,414.888 100.100 1,592.986
201912 1,466.155 100.500 1,644.136
202003 1,435.351 100.300 1,612.802
202006 1,376.625 99.900 1,553.009
202009 1,426.491 99.900 1,609.265
202012 1,490.337 99.300 1,691.450
202103 1,613.790 99.900 1,820.562
202106 1,965.104 99.500 2,225.801
202109 2,432.768 100.100 2,738.991
202112 2,953.405 100.100 3,325.162
202203 3,534.458 101.100 3,939.994
202206 4,010.878 101.800 4,440.334
202209 5,142.781 103.100 5,621.643
202212 5,269.085 104.100 5,704.379
202303 5,323.858 104.400 5,747.115
202306 5,535.903 105.200 5,930.573
202309 5,971.455 106.200 6,336.940
202312 6,291.750 106.800 6,639.328
202403 6,497.066 107.200 6,830.404
202406 7,036.924 108.200 7,329.587
202409 7,344.697 108.900 7,600.986
202412 7,305.733 110.700 7,437.725
202503 7,688.081 111.100 7,798.800
202506 7,346.662 111.700 7,412.433
202509 7,523.247 112.000 7,570.267
202512 7,870.475 113.000 7,849.580
202603 8,365.564 112.700 8,365.564

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 1.87 mean?
Mitsui O.S.K. Lines (TSE:9104) has a Cyclically Adjusted PB Ratio of 1.87 as of Aug. 25, 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 Mitsui O.S.K. Lines and its competitors. This is 51% above median its historical median of 1.24. Over the past decade, Mitsui O.S.K. Lines' Cyclically Adjusted PB Ratio has ranged from 0.29 to 2.19. According to the industry distribution chart, Mitsui O.S.K. Lines ranks #475 out of 708 companies in the Transportation industry, placing it in the top 67.1%.
Is Mitsui O.S.K. Lines' Cyclically Adjusted PB Ratio too high?
Mitsui O.S.K. Lines' current Cyclically Adjusted PB Ratio of 1.87 is 51% above median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 2.19. The Transportation industry median Cyclically Adjusted PB Ratio is 1.28. Mitsui O.S.K. Lines' value of 1.87 is 46.7% above this industry median. Based on the distribution chart, Mitsui O.S.K. Lines ranks #475 out of 708 companies in the Transportation industry, which is below the industry midpoint. Overall, Mitsui O.S.K. Lines has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsui O.S.K. Lines' Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Mitsui O.S.K. Lines ranks #475 out of 708 companies for Cyclically Adjusted PB Ratio. This places Mitsui O.S.K. Lines in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Mitsui O.S.K. Lines' value of 1.87 is 46.7% above this benchmark. Historically, Mitsui O.S.K. Lines' own Cyclically Adjusted PB Ratio has ranged from 0.29 to 2.19 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 1.28, Mitsui O.S.K. Lines 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.28, based on 708 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. Mitsui O.S.K. Lines's current Cyclically Adjusted PB Ratio of 1.87 is 46.7% 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 Mitsui O.S.K. Lines and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsui O.S.K. Lines's current Cyclically Adjusted PB Ratio is 1.87, which is 51% above median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsui O.S.K. Lines stock overvalued right now?
Based on GuruFocus' analysis, Mitsui O.S.K. Lines (TSE:9104) is currently considered Modestly Overvalued. The stock's GF Value™ is 円5,971.59, compared to a current price of 円7,214.00 — trading 20.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.87, which is 51% above median its 10-year median of 1.24 and 46.7% above the Transportation industry median of 1.28. Mitsui O.S.K. Lines' overall GF Score™ is 74/100 with 9 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 Mitsui O.S.K. Lines (TSE:9104), the current Cyclically Adjusted PB Ratio is 1.87 as of Aug. 25, 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 Mitsui O.S.K. Lines (TSE:9104) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsui O.S.K. Lines stock appears to be overvalued. The current stock price of 円7,214.00 is trading 20.8% above its estimated GF Value™ of 円5,971.59. GuruFocus considers Mitsui O.S.K. Lines to be Modestly Overvalued.

Key valuation signals for TSE:9104:

  • Cyclically Adjusted PB Ratio: 1.87 (51% above median its 10-year median of 1.24)
  • GF Value™: 円5,971.59 vs. price of 円7,214.00 (20.8% above fair value)
  • GF Score™: 74/100 with 9 warning signs
  • Industry Position: 46.7% above the Transportation median (#475 of 708)

No single metric tells the full story. See the TSE:9104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsui O.S.K. Lines Business Description

Other Exchanges MSLOY:USAMILA:Germany
Address 2-1-1 Toranomon, Minato-ku, Tokyo, JPN, 105-8688
Mitsui O.S.K. Lines Ltd is a Japanese transportation and logistics company. The company operates through seven segments. The Car Carrier/Ports & Logistics segment manages car carriers. The Container Ship segment operates containerships. The Dry Bulk segment handles bulk vessels, and the Energy segment operates tankers, LNG carriers, and marine businesses. The Ferry/Domestic RORO Ship/Cruise segment provides passenger and cargo transport and cruise services. The Real Estate segment covers leasing and building management. Related Business includes tugboat and trading operations, while Others covers ship operation, management, chartering, and finance.
74GF Score

Get the complete analysis for TSE:9104

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

円7,214.00
Price
円5,971.59
GF Value