Tokai Kisen Co (TSE:9173) Cyclically Adjusted PB Ratio: 1.17 (As of Aug. 27, 2026) — Near Median

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TSE:9173 Tokai Kisen Co Ltd TSE:9173
62 GF Score
Price 円2,810.00
GF Value 円2,872.53
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Tokai Kisen Co Cyclically Adjusted PB Ratio?

Tokai Kisen Co TSE:9173 -0.18% 62 Cyclically Adjusted PB Ratio is 1.17 as of Aug. 27, 2026, which is at its 10-year median of 1.17. GuruFocus rates TSE:9173 with a GF Score™ of 62/100 and a GF Value™ of 円2,872.53 (Fairly Valued). The stock has 4 warning signs investors should review. Among 707 Transportation companies, Tokai Kisen Co ranks better than 55.73% on this metric.

As of today (2026-08-27), Tokai Kisen Co's current share price is 円2810.00. Tokai Kisen Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円2,411.50. Tokai Kisen Co's Cyclically Adjusted PB Ratio for today is 1.17.

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

TSE:9173' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.03   Med: 1.17   Max: 1.41
Current: 1.17

During the past years, Tokai Kisen Co's highest Cyclically Adjusted PB Ratio was 1.41. The lowest was 1.03. And the median was 1.17.

TSE:9173's Cyclically Adjusted PB Ratio is ranked better than
55.73% of 707 companies
in the Transportation industry
Industry Median: 1.27 vs TSE:9173: 1.17

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.

Tokai Kisen Co's adjusted book value per share data for the three months ended in Jun. 2026 was 円2,130.563. 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2,411.50 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokai Kisen Co  (TSE:9173) 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.


Tokai Kisen Co Cyclically Adjusted PB Ratio Related Terms


Tokai Kisen Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tokai Kisen 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.

Tokai Kisen Co Cyclically Adjusted PB Ratio Chart

Tokai Kisen Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.15 1.09 1.10 1.19 1.34

Tokai Kisen Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 1.25 1.34 1.34 1.26 1.23

Tokai Kisen Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, Tokai Kisen 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.


Tokai Kisen Co Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


TSE:9173
62GF Score
Tokai Kisen Co Ltd TSE:9173
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokai Kisen 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.

Tokai Kisen Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2810.00/2411.50
=1.17

* 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.

Tokai Kisen Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Tokai Kisen Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2130.563/113.6000*113.6000
=2,130.563

Current CPI (Jun. 2026) = 113.6000.

Tokai Kisen Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,960.371 98.100 2,270.114
201609 2,163.734 98.000 2,508.165
201612 2,173.738 98.400 2,509.519
201703 2,142.693 98.100 2,481.243
201706 2,126.136 98.500 2,452.072
201709 2,358.864 98.800 2,712.216
201712 2,349.546 99.400 2,685.195
201803 2,252.309 99.200 2,579.257
201806 2,231.728 99.200 2,555.689
201809 2,427.561 99.900 2,760.470
201812 2,380.200 99.700 2,712.043
201903 2,277.421 99.700 2,594.935
201906 2,267.794 99.800 2,581.377
201909 2,425.329 100.100 2,752.421
201912 2,375.933 100.500 2,685.632
202003 2,171.987 100.300 2,459.997
202006 2,009.413 99.900 2,284.978
202009 2,264.318 99.900 2,574.840
202012 2,174.801 99.300 2,487.990
202103 2,101.219 99.900 2,389.374
202106 1,976.041 99.500 2,256.063
202109 2,244.398 100.100 2,547.089
202112 2,148.869 100.100 2,438.677
202203 2,074.957 101.100 2,331.505
202206 1,958.569 101.800 2,185.594
202209 2,378.316 103.100 2,620.531
202212 2,222.623 104.100 2,425.456
202303 2,150.064 104.400 2,339.533
202306 1,954.026 105.200 2,110.051
202309 2,108.794 106.200 2,255.734
202312 2,000.236 106.800 2,127.592
202403 1,960.465 107.200 2,077.508
202406 1,859.547 108.200 1,952.352
202412 2,173.991 110.700 2,230.943
202503 2,147.153 111.100 2,195.469
202506 2,031.651 111.700 2,066.209
202509 2,315.262 112.000 2,348.337
202512 2,403.759 113.000 2,416.522
202603 2,348.064 112.700 2,366.815
202606 2,130.563 113.600 2,130.563

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 1.17 mean?
Tokai Kisen Co (TSE:9173) has a Cyclically Adjusted PB Ratio of 1.17 as of Aug. 27, 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 Tokai Kisen Co and its competitors. This is near median its historical median of 1.17. Over the past decade, Tokai Kisen Co's Cyclically Adjusted PB Ratio has ranged from 1.03 to 1.41. According to the industry distribution chart, Tokai Kisen Co ranks #313 out of 707 companies in the Transportation industry, placing it in the top 44.3%.
Is Tokai Kisen Co's Cyclically Adjusted PB Ratio too high?
Tokai Kisen Co's current Cyclically Adjusted PB Ratio of 1.17 is near median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 1.41. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Tokai Kisen Co's value of 1.17 is 7.9% below this industry median. Based on the distribution chart, Tokai Kisen Co ranks #313 out of 707 companies in the Transportation industry, which is above the industry midpoint. Overall, Tokai Kisen Co has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tokai Kisen Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Tokai Kisen Co ranks #313 out of 707 companies for Cyclically Adjusted PB Ratio. This puts Tokai Kisen Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Tokai Kisen Co's value of 1.17 is 7.9% below this benchmark. Historically, Tokai Kisen Co's own Cyclically Adjusted PB Ratio has ranged from 1.03 to 1.41 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 1.27, Tokai Kisen Co 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 a Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 707 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. Tokai Kisen Co's current Cyclically Adjusted PB Ratio of 1.17 is 7.9% 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 Tokai Kisen Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokai Kisen Co's current Cyclically Adjusted PB Ratio is 1.17, which is near median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Kisen Co stock overvalued right now?
Based on GuruFocus' analysis, Tokai Kisen Co (TSE:9173) is currently considered Fairly Valued. The stock's GF Value™ is 円2,872.53, compared to a current price of 円2,810.00 — trading 2.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.17, which is near median its 10-year median of 1.17 and 7.9% below the Transportation industry median of 1.27. Tokai Kisen Co's overall GF Score™ is 62/100 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 Tokai Kisen Co (TSE:9173), the current Cyclically Adjusted PB Ratio is 1.17 as of Aug. 27, 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 Tokai Kisen Co (TSE:9173) Overvalued in 2026?

Based on GuruFocus' analysis, Tokai Kisen Co stock appears to be undervalued. The current stock price of 円2,810.00 is trading 2.2% below its estimated GF Value™ of 円2,872.53. GuruFocus considers Tokai Kisen Co to be Fairly Valued.

Key valuation signals for TSE:9173:

  • Cyclically Adjusted PB Ratio: 1.17 (near median its 10-year median of 1.17)
  • GF Value™: 円2,872.53 vs. price of 円2,810.00 (2.2% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 7.9% below the Transportation median (#313 of 707)

No single metric tells the full story. See the TSE:9173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokai Kisen Co Business Description

Address 1-16-1 Kaigan, Minato-ku, Tokyo, JPN, 105-6891
Tokai Kisen Co Ltd is a Japan-based company mainly engaged in the marine transportation business. Its services include fleet service, trade, food and beverage, restaurant and hotel management and general passenger automobile carrier services.
62GF Score

Get the complete analysis for TSE:9173

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

円2,810.00
Price
円2,872.53
GF Value