Meiji Shipping Group Co (TSE:9115) Cyclically Adjusted PB Ratio: 1.29 (As of Aug. 19, 2026) — 23% Above Median

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TSE:9115 Meiji Shipping Group Co Ltd TSE:9115
69 GF Score
Price 円1,087.00
GF Value 円655.22
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Meiji Shipping Group Co Cyclically Adjusted PB Ratio?

Meiji Shipping Group Co TSE:9115 +3.23% 69 Cyclically Adjusted PB Ratio is 1.29 as of Aug. 19, 2026, which is 23% above its 10-year median of 1.05. GuruFocus rates TSE:9115 with a GF Score™ of 69/100 and a GF Value™ of 円655.22 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 718 Transportation companies, Meiji Shipping Group Co ranks better than 60.31% on this metric.

As of today (2026-08-19), Meiji Shipping Group Co's current share price is 円1087.00. Meiji Shipping Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円842.64. Meiji Shipping Group Co's Cyclically Adjusted PB Ratio for today is 1.29.

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

TSE:9115' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.05   Max: 3.23
Current: 1.07

During the past years, Meiji Shipping Group Co's highest Cyclically Adjusted PB Ratio was 3.23. The lowest was 0.70. And the median was 1.05.

TSE:9115's Cyclically Adjusted PB Ratio is ranked better than
60.31% of 718 companies
in the Transportation industry
Industry Median: 1.275 vs TSE:9115: 1.07

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.

Meiji Shipping Group Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,565.125. 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842.64 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meiji Shipping Group Co  (TSE:9115) 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.


Meiji Shipping Group Co Cyclically Adjusted PB Ratio Related Terms


Meiji Shipping Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Meiji Shipping Group 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.

Meiji Shipping Group Co Cyclically Adjusted PB Ratio Chart

Meiji Shipping Group 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 1.88 1.11 1.19 0.79 1.60

Meiji Shipping Group Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.85 0.93 0.83 1.60 0.00

TSE:9115 vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Meiji Shipping Group 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.


Meiji Shipping Group Co Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Meiji Shipping Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Meiji Shipping Group Co's Cyclically Adjusted PB Ratio falls into.


TSE:9115
69GF Score
Meiji Shipping Group Co Ltd TSE:9115
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meiji Shipping Group 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.

Meiji Shipping Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1087.00/842.64
=1.29

* 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.

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

For example, Meiji Shipping Group 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)
=1565.125/112.7000*112.7000
=1,565.125

Current CPI (Mar. 2026) = 112.7000.

Meiji Shipping Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 393.543 97.900 453.037
201606 366.418 98.100 420.951
201609 348.349 98.000 400.601
201612 381.189 98.400 436.585
201703 425.034 98.100 488.291
201706 414.340 98.500 474.072
201709 426.114 98.800 486.063
201712 458.563 99.400 519.920
201803 466.317 99.200 529.777
201806 457.944 99.200 520.265
201809 487.761 99.900 550.257
201812 512.548 99.700 579.380
201903 514.869 99.700 582.003
201906 516.390 99.800 583.138
201909 512.232 100.100 576.709
201912 543.645 100.500 609.640
202003 539.321 100.300 605.997
202006 527.911 99.900 595.551
202009 545.037 99.900 614.872
202012 565.154 99.300 641.418
202103 569.188 99.900 642.117
202106 597.966 99.500 677.294
202109 603.416 100.100 679.370
202112 631.141 100.100 710.585
202203 715.432 101.100 797.519
202206 808.811 101.800 895.413
202209 981.650 103.100 1,073.055
202212 1,075.370 104.100 1,164.209
202303 1,038.950 104.400 1,121.549
202306 1,079.262 105.200 1,156.206
202309 1,162.741 106.200 1,233.907
202312 1,235.161 106.800 1,303.396
202403 1,266.968 107.200 1,331.971
202406 1,347.280 108.200 1,403.313
202409 1,381.041 108.900 1,429.232
202503 1,407.362 111.100 1,427.630
202506 1,435.731 111.700 1,448.584
202509 1,445.935 112.000 1,454.972
202512 1,525.725 113.000 1,521.674
202603 1,565.125 112.700 1,565.125

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 1.29 mean?
Meiji Shipping Group Co (TSE:9115) has a Cyclically Adjusted PB Ratio of 1.29 as of Aug. 19, 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 Meiji Shipping Group Co and its competitors. This is 23% above median its historical median of 1.05. Over the past decade, Meiji Shipping Group Co's Cyclically Adjusted PB Ratio has ranged from 0.70 to 3.23. According to the industry distribution chart, Meiji Shipping Group Co ranks #285 out of 718 companies in the Transportation industry, placing it in the top 39.7%.
Is Meiji Shipping Group Co's Cyclically Adjusted PB Ratio too high?
Meiji Shipping Group Co's current Cyclically Adjusted PB Ratio of 1.29 is 23% above median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 3.23. The Transportation industry median Cyclically Adjusted PB Ratio is 1.28. Meiji Shipping Group Co's value of 1.29 is 1.2% above this industry median. Based on the distribution chart, Meiji Shipping Group Co ranks #285 out of 718 companies in the Transportation industry, which is above the industry midpoint. Overall, Meiji Shipping Group Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiji Shipping Group Co's Cyclically Adjusted PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, Meiji Shipping Group Co ranks #285 out of 718 companies for Cyclically Adjusted PB Ratio. This puts Meiji Shipping Group Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Meiji Shipping Group Co's value of 1.29 is 1.2% above this benchmark. Historically, Meiji Shipping Group Co's own Cyclically Adjusted PB Ratio has ranged from 0.70 to 3.23 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.28, Meiji Shipping Group 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.28, based on 718 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. Meiji Shipping Group Co's current Cyclically Adjusted PB Ratio of 1.29 is 1.2% 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 Meiji Shipping Group Co 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. Meiji Shipping Group Co's current Cyclically Adjusted PB Ratio is 1.29, which is 23% above median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Shipping Group Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Shipping Group Co (TSE:9115) is currently considered Significantly Overvalued. The stock's GF Value™ is 円655.22, compared to a current price of 円1,087.00 — trading 65.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.29, which is 23% above median its 10-year median of 1.05 and 1.2% above the Transportation industry median of 1.28. Meiji Shipping Group Co's overall GF Score™ is 69/100 with 5 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 Meiji Shipping Group Co (TSE:9115), the current Cyclically Adjusted PB Ratio is 1.29 as of Aug. 19, 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 Meiji Shipping Group Co (TSE:9115) Overvalued in 2026?

Based on GuruFocus' analysis, Meiji Shipping Group Co stock appears to be overvalued. The current stock price of 円1,087.00 is trading 65.9% above its estimated GF Value™ of 円655.22. GuruFocus considers Meiji Shipping Group Co to be Significantly Overvalued.

Key valuation signals for TSE:9115:

  • Cyclically Adjusted PB Ratio: 1.29 (23% above median its 10-year median of 1.05)
  • GF Value™: 円655.22 vs. price of 円1,087.00 (65.9% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 1.2% above the Transportation median (#285 of 718)

No single metric tells the full story. See the TSE:9115 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meiji Shipping Group Co Business Description

Address 32 Akashi-machi, Chuo-ku, Kobe, JPN, 650-0037
Meiji Shipping Group Co Ltd is engaged in maritime business, shipping business, hotel business, and other business. The company owns tankers, bulk carrier, container carrier, and wood chip carrier.
69GF Score

Get the complete analysis for TSE:9115

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

円1,087.00
Price
円655.22
GF Value