AGP (TSE:9377) Cyclically Adjusted PB Ratio: 2.19 (As of Aug. 25, 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:9377 AGP Corp TSE:9377
18 GF Score
Price 円1,549.00
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What is AGP Cyclically Adjusted PB Ratio?

AGP TSE:9377 +0.13% 18 Cyclically Adjusted PB Ratio is 2.19 as of Aug. 25, 2026. GuruFocus rates TSE:9377 with a GF Score™ of 18/100.

As of today (2026-08-25), AGP's current share price is 円1549.00. AGP's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar25 was 円707.87. AGP's Cyclically Adjusted PB Ratio for today is 2.19.

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

TSE:9377's Cyclically Adjusted PB Ratio is not ranked *
in the Transportation industry.
Industry Median: 1.275
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

AGP's adjusted book value per share data of for the fiscal year that ended in Mar25 was 円752.052. 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707.87 for the trailing ten years ended in Mar25.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGP  (TSE:9377) 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.


AGP Cyclically Adjusted PB Ratio Related Terms


AGP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AGP'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.

AGP Cyclically Adjusted PB Ratio Chart

AGP Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 0.92 1.28 1.34 1.68

AGP Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 1.28 1.47 1.34 1.40 1.68

TSE:9377 vs JOBY, CAAP: Cyclically Adjusted PB Ratio Comparison

For the Airports & Air Services subindustry, AGP'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.


AGP Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


TSE:9377
18GF Score
AGP Corp TSE:9377
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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AGP 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.

AGP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1549.00/707.87
=2.19

* 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.

AGP's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar25 is calculated as:

For example, AGP's adjusted Book Value per Share data for the fiscal year that ended in Mar25 was:

Adj_Book=Book Value per Share/CPI of Mar25 (Change)*Current CPI (Mar25)
=752.052/111.1000*111.1000
=752.052

Current CPI (Mar25) = 111.1000.

AGP Annual Data

Book Value per Share CPI Adj_Book
201603 506.028 97.900 574.256
201703 554.764 98.100 628.280
201803 607.396 99.200 680.259
201903 654.073 99.700 728.862
202003 671.971 100.300 744.327
202103 668.971 99.900 743.971
202203 670.898 101.100 737.258
202303 702.498 104.400 747.582
202403 715.788 107.200 741.829
202503 752.052 111.100 752.052

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 2.19 mean?
AGP (TSE:9377) has a Cyclically Adjusted PB Ratio of 2.19 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 AGP and its competitors.
Is AGP's Cyclically Adjusted PB Ratio too high?
AGP's current Cyclically Adjusted PB Ratio is 2.19. The Transportation industry median Cyclically Adjusted PB Ratio is 1.28. AGP's value of 2.19 is 71.8% above this industry median. Overall, AGP has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does AGP's Cyclically Adjusted PB Ratio compare to JOBY and CAAP?
AGP's Cyclically Adjusted PB Ratio of 2.19 can be compared against companies in the Transportation industry. The industry median Cyclically Adjusted PB Ratio is 1.28. AGP's value of 2.19 is 71.8% above this benchmark. 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. AGP's current Cyclically Adjusted PB Ratio of 2.19 is 71.8% 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 AGP 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. AGP's current Cyclically Adjusted PB Ratio is 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AGP stock overvalued right now?
AGP (TSE:9377) has a current Cyclically Adjusted PB Ratio of 2.19. The current Cyclically Adjusted PB Ratio is 2.19 and 71.8% above the Transportation industry median of 1.28. AGP's overall GF Score™ is 18/100. 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 AGP (TSE:9377), the current Cyclically Adjusted PB Ratio is 2.19 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.

AGP Business Description

Address No. 7 No. 1, Haneda Airport, Ota-ku, Airport Building No. 2 General Building, Tokyo, JPN, 144-0041
AGP Corp is engaged in supplying electric power and other services for aircraft. Its business activities are divided into segments: The Power Supply Business provides electricity, heating/cooling, and compressed air to aircraft; The Engineering Business involves the provision and maintenance of special facilities inside and outside the airport, as well as buildings and various facilities, and checked baggage handling; and The Product Sales Business involves the manufacture and sale of food carts, the sale of electricity, and the sale of GSE.
18GF Score

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

円1,549.00
Price