Keihin Co (TSE:9312) Cyclically Adjusted PB Ratio: 0.79 (As of Aug. 13, 2026) — 32% Above Median

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TSE:9312 Keihin Co Ltd TSE:9312
64 GF Score
Price 円2,864.00
GF Value 円2,227.05
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Keihin Co Cyclically Adjusted PB Ratio?

Keihin Co TSE:9312 +1.17% 64 Cyclically Adjusted PB Ratio is 0.79 as of Aug. 13, 2026, which is 32% above its 10-year median of 0.60. GuruFocus rates TSE:9312 with a GF Score™ of 64/100 and a GF Value™ of 円2,227.05 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 728 Transportation companies, Keihin Co ranks better than 73.08% on this metric.

As of today (2026-08-13), Keihin Co's current share price is 円2864.00. Keihin Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円3,618.57. Keihin Co's Cyclically Adjusted PB Ratio for today is 0.79.

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

TSE:9312' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.6   Max: 0.96
Current: 0.79

During the past years, Keihin Co's highest Cyclically Adjusted PB Ratio was 0.96. The lowest was 0.42. And the median was 0.60.

TSE:9312's Cyclically Adjusted PB Ratio is ranked better than
73.08% of 728 companies
in the Transportation industry
Industry Median: 1.29 vs TSE:9312: 0.79

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.

Keihin Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円5,175.525. 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3,618.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keihin Co  (TSE:9312) 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.


Keihin Co Cyclically Adjusted PB Ratio Related Terms


Keihin Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Keihin 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.

Keihin Co Cyclically Adjusted PB Ratio Chart

Keihin 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 0.58 0.59 0.67 0.70 0.76

Keihin 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 0.75 0.75 0.78 0.76 0.00

TSE:9312 vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Keihin 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.


Keihin Co Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


TSE:9312
64GF Score
Keihin Co Ltd TSE:9312
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keihin 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2864.00/3618.57
=0.79

* 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.

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

For example, Keihin 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)
=5175.525/112.7000*112.7000
=5,175.525

Current CPI (Mar. 2026) = 112.7000.

Keihin Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 2,228.178 98.100 2,559.793
201609 2,241.194 98.000 2,577.373
201612 2,343.951 98.400 2,684.586
201703 2,397.397 98.100 2,754.196
201706 2,426.799 98.500 2,776.652
201709 2,490.965 98.800 2,841.415
201712 2,593.568 99.400 2,940.595
201803 2,559.351 99.200 2,907.650
201806 2,540.665 99.200 2,886.421
201809 2,573.135 99.900 2,902.826
201812 2,611.732 99.700 2,952.279
201903 2,638.229 99.700 2,982.231
201906 2,670.240 99.800 3,015.391
201909 2,694.134 100.100 3,033.256
201912 2,789.401 100.500 3,128.015
202003 2,782.815 100.300 3,126.852
202006 2,807.474 99.900 3,167.190
202009 2,851.126 99.900 3,216.435
202012 2,902.895 99.300 3,294.625
202103 3,012.713 99.900 3,398.726
202106 3,031.398 99.500 3,433.553
202109 3,142.901 100.100 3,538.511
202112 3,219.789 100.100 3,625.077
202203 3,291.928 101.100 3,669.637
202206 3,427.018 101.800 3,793.958
202209 3,568.081 103.100 3,900.317
202212 3,701.026 104.100 4,006.778
202303 3,745.750 104.400 4,043.544
202306 3,860.162 105.200 4,135.364
202309 3,995.865 106.200 4,240.433
202312 4,122.683 106.800 4,350.434
202403 4,324.093 107.200 4,545.945
202406 4,433.298 108.200 4,617.677
202409 4,438.965 108.900 4,593.860
202412 4,549.701 110.700 4,631.900
202503 4,633.941 111.100 4,700.676
202506 4,663.808 111.700 4,705.561
202509 4,859.856 112.000 4,890.230
202512 5,010.721 113.000 4,997.418
202603 5,175.525 112.700 5,175.525

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 0.79 mean?
Keihin Co (TSE:9312) has a Cyclically Adjusted PB Ratio of 0.79 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 Keihin Co and its competitors. This is 32% above median its historical median of 0.60. Over the past decade, Keihin Co's Cyclically Adjusted PB Ratio has ranged from 0.42 to 0.96. According to the industry distribution chart, Keihin Co ranks #196 out of 728 companies in the Transportation industry, placing it in the top 26.9%.
Is Keihin Co's Cyclically Adjusted PB Ratio too high?
Keihin Co's current Cyclically Adjusted PB Ratio of 0.79 is 32% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 0.96. The Transportation industry median Cyclically Adjusted PB Ratio is 1.29. Keihin Co's value of 0.79 is 38.8% below this industry median. Based on the distribution chart, Keihin Co ranks #196 out of 728 companies in the Transportation industry, which is above the industry midpoint. Overall, Keihin Co has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keihin Co's Cyclically Adjusted PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, Keihin Co ranks #196 out of 728 companies for Cyclically Adjusted PB Ratio. This puts Keihin Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Keihin Co's value of 0.79 is 38.8% below this benchmark. Historically, Keihin Co's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 0.96 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 1.29, Keihin 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 1.29, based on 728 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. Keihin Co's current Cyclically Adjusted PB Ratio of 0.79 is 38.8% 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 Keihin Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keihin Co's current Cyclically Adjusted PB Ratio is 0.79, which is 32% above median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keihin Co stock overvalued right now?
Based on GuruFocus' analysis, Keihin Co (TSE:9312) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,227.05, compared to a current price of 円2,864.00 — trading 28.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.79, which is 32% above median its 10-year median of 0.60 and 38.8% below the Transportation industry median of 1.29. Keihin Co's overall GF Score™ is 64/100 with 2 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 Keihin Co (TSE:9312), the current Cyclically Adjusted PB Ratio is 0.79 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 Keihin Co (TSE:9312) Overvalued in 2026?

Based on GuruFocus' analysis, Keihin Co stock appears to be overvalued. The current stock price of 円2,864.00 is trading 28.6% above its estimated GF Value™ of 円2,227.05. GuruFocus considers Keihin Co to be Modestly Overvalued.

Key valuation signals for TSE:9312:

  • Cyclically Adjusted PB Ratio: 0.79 (32% above median its 10-year median of 0.60)
  • GF Value™: 円2,227.05 vs. price of 円2,864.00 (28.6% above fair value)
  • GF Score™: 64/100 with 2 warning signs
  • Industry Position: 38.8% below the Transportation median (#196 of 728)

No single metric tells the full story. See the TSE:9312 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keihin Co Business Description

Address 3-4-20 Kaigan, Minato-ku, Tokyo, JPN, 108-8456
Keihin Co Ltd is a Japan-based integrated logistics company. Along with its subsidiaries, the firm offers delivery and cargo services. The company provides various domestic and global logistics services including warehousing, mail-order support, domestic cargo transport, logistics IT systems, customs clearance, export car handling service, project cargo transport, sea transport, logistics consultation, and cargo trading system for export cars.
64GF Score

Get the complete analysis for TSE:9312

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

円2,864.00
Price
円2,227.05
GF Value