AIT (TSE:9381) Cyclically Adjusted PB Ratio: 4.21 (As of Aug. 22, 2026) — Near Median

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TSE:9381 AIT Corp TSE:9381
81 GF Score
Price 円2,369.00
GF Value 円1,882.68
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is AIT Cyclically Adjusted PB Ratio?

AIT TSE:9381 +0.55% 81 Cyclically Adjusted PB Ratio is 4.21 as of Aug. 22, 2026, which is 5% above its 10-year median of 4.01. GuruFocus rates TSE:9381 with a GF Score™ of 81/100 and a GF Value™ of 円1,882.68 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 713 Transportation companies, AIT ranks worse than 88.36% on this metric.

As of today (2026-08-22), AIT's current share price is 円2369.00. AIT's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円562.52. AIT's Cyclically Adjusted PB Ratio for today is 4.21.

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

TSE:9381' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.29   Med: 4.01   Max: 5.73
Current: 4.21

During the past years, AIT's highest Cyclically Adjusted PB Ratio was 5.73. The lowest was 2.29. And the median was 4.01.

TSE:9381's Cyclically Adjusted PB Ratio is ranked worse than
88.36% of 713 companies
in the Transportation industry
Industry Median: 1.26 vs TSE:9381: 4.21

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.

AIT's adjusted book value per share data for the three months ended in Feb. 2026 was 円872.265. 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562.52 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AIT  (TSE:9381) 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.


AIT Cyclically Adjusted PB Ratio Related Terms


AIT Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AIT'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.

AIT Cyclically Adjusted PB Ratio Chart

AIT Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.12 4.01 4.05 3.16 4.07

AIT Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 3.38 3.59 3.83 4.07 0.00

TSE:9381 vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, AIT'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.


AIT Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


TSE:9381
81GF Score
AIT Corp TSE:9381
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AIT 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2369.00/562.52
=4.21

* 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.

AIT's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, AIT's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=872.265/112.2000*112.2000
=872.265

Current CPI (Feb. 2026) = 112.2000.

AIT Quarterly Data

Book Value per Share CPI Adj_Book
201602 247.248 97.800 283.653
201605 240.391 98.200 274.663
201608 246.423 97.900 282.417
201611 245.968 98.600 279.895
201702 264.492 98.100 302.508
201705 261.495 98.600 297.563
201708 273.794 98.500 311.875
201711 276.686 99.100 313.261
201802 292.095 99.500 329.377
201805 280.767 99.300 317.241
201808 297.277 99.800 334.213
201811 300.827 100.000 337.528
201902 310.088 99.700 348.966
201905 472.991 100.000 530.696
201908 482.108 100.000 540.925
201911 469.340 100.500 523.980
202002 477.227 100.300 533.847
202005 469.486 100.100 526.237
202008 483.145 100.100 541.547
202011 490.068 99.500 552.619
202102 511.663 99.800 575.236
202105 524.091 99.400 591.580
202108 546.012 99.700 614.469
202111 567.890 100.100 636.536
202202 593.002 100.700 660.723
202205 605.218 101.800 667.048
202208 664.042 102.700 725.468
202211 692.985 103.900 748.344
202302 694.560 104.000 749.323
202305 681.536 105.100 727.577
202308 722.993 105.900 766.004
202311 729.080 106.900 765.227
202402 745.467 106.900 782.427
202405 746.659 108.100 774.978
202408 790.117 109.100 812.568
202502 810.718 110.800 820.962
202505 797.310 111.800 800.163
202508 826.637 112.100 827.374
202511 826.935 113.200 819.630
202602 872.265 112.200 872.265

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 4.21 mean?
AIT (TSE:9381) has a Cyclically Adjusted PB Ratio of 4.21 as of Aug. 22, 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 AIT and its competitors. This is near median its historical median of 4.01. Over the past decade, AIT's Cyclically Adjusted PB Ratio has ranged from 2.29 to 5.73. According to the industry distribution chart, AIT ranks #630 out of 713 companies in the Transportation industry, placing it in the top 88.4%.
Is AIT's Cyclically Adjusted PB Ratio too high?
AIT's current Cyclically Adjusted PB Ratio of 4.21 is near median its 10-year median of 4.01. Over the past 10 years, this metric has ranged from a low of 2.29 to a high of 5.73. The Transportation industry median Cyclically Adjusted PB Ratio is 1.26. AIT's value of 4.21 is 234.1% above this industry median. Based on the distribution chart, AIT ranks #630 out of 713 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, AIT has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AIT's Cyclically Adjusted PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, AIT ranks #630 out of 713 companies for Cyclically Adjusted PB Ratio. This places AIT in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. AIT's value of 4.21 is 234.1% above this benchmark. Historically, AIT's own Cyclically Adjusted PB Ratio has ranged from 2.29 to 5.73 over the past decade. While the company's 10-year median is 4.01 vs. the industry median of 1.26, AIT 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 1.26, based on 713 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. AIT's current Cyclically Adjusted PB Ratio of 4.21 is 234.1% 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 AIT and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIT's current Cyclically Adjusted PB Ratio is 4.21, which is near median its own 10-year median of 4.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIT stock overvalued right now?
Based on GuruFocus' analysis, AIT (TSE:9381) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,882.68, compared to a current price of 円2,369.00 — trading 25.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.21, which is near median its 10-year median of 4.01 and 234.1% above the Transportation industry median of 1.26. AIT's overall GF Score™ is 81/100 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 AIT (TSE:9381), the current Cyclically Adjusted PB Ratio is 4.21 as of Aug. 22, 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 AIT (TSE:9381) Overvalued in 2026?

Based on GuruFocus' analysis, AIT stock appears to be overvalued. The current stock price of 円2,369.00 is trading 25.8% above its estimated GF Value™ of 円1,882.68. GuruFocus considers AIT to be Modestly Overvalued.

Key valuation signals for TSE:9381:

  • Cyclically Adjusted PB Ratio: 4.21 (near median its 10-year median of 4.01)
  • GF Value™: 円1,882.68 vs. price of 円2,369.00 (25.8% above fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 234.1% above the Transportation median (#630 of 713)

No single metric tells the full story. See the TSE:9381 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AIT Business Description

Address 2-1-6 Honmachi, 15 Floor, Sakaisuji-Honmachi-Center Building, Chuo-ku, Osaka, JPN, 541-0053
AIT Corp is a Japan-based integrated logistics company. It is engaged in the delivery and cargo services. The services offered by the company include freight forwarding through marine, air, motor truck, railroad, and coastal transport. AIT also offers airfreight agency, customs clearance, warehousing, ship brokerage, import, and export agency, and nonlife insurance services. The company has network operations in Taiwan, Vietnam, Indonesia, Malaysia, Korea, Myanmar, Cambodia, Singapore, Philippine, Bangladesh, India, Sri Lanka, Pakistan, Australia, and Canada.
81GF Score

Get the complete analysis for TSE:9381

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

円2,369.00
Price
円1,882.68
GF Value