Kansai Electric Power Co (TSE:9503) Cyclically Adjusted PB Ratio: 1.12 (As of Jul. 29, 2026) — 35% Above Median

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TSE:9503 Kansai Electric Power Co Inc TSE:9503
67 GF Score
Price 円2,465.00
GF Value 円1,671.56
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Kansai Electric Power Co Cyclically Adjusted PB Ratio?

Kansai Electric Power Co TSE:9503 +1.86% 67 Cyclically Adjusted PB Ratio is 1.12 as of Jul. 29, 2026, which is 35% above its 10-year median of 0.83. GuruFocus rates TSE:9503 with a GF Score™ of 67/100 and a GF Value™ of 円1,671.56 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 279 Utilities - Independent Power Producers companies, Kansai Electric Power Co ranks better than 50.18% on this metric.

As of today (2026-07-29), Kansai Electric Power Co's current share price is 円2465.00. Kansai Electric Power Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,198.79. Kansai Electric Power Co's Cyclically Adjusted PB Ratio for today is 1.12.

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

TSE:9503' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 0.83   Max: 1.56
Current: 1.08

During the past years, Kansai Electric Power Co's highest Cyclically Adjusted PB Ratio was 1.56. The lowest was 0.52. And the median was 0.83.

TSE:9503's Cyclically Adjusted PB Ratio is ranked better than
50.18% of 279 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.11 vs TSE:9503: 1.08

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.

Kansai Electric Power Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円3,101.430. 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2,198.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kansai Electric Power Co  (TSE:9503) 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.


Kansai Electric Power Co Cyclically Adjusted PB Ratio Related Terms


Kansai Electric Power Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kansai Electric Power 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.

Kansai Electric Power Co Cyclically Adjusted PB Ratio Chart

Kansai Electric Power 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 0.71 0.77 1.21 0.88 1.18

Kansai Electric Power Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.88 0.83 1.00 1.13 1.18

Kansai Electric Power Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Kansai Electric Power 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.


Kansai Electric Power Co Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kansai Electric Power Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:9503
67GF Score
Kansai Electric Power Co Inc TSE:9503
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kansai Electric Power 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.

Kansai Electric Power Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2465.00/2198.79
=1.12

* 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.

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

For example, Kansai Electric Power 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)
=3101.43/112.7000*112.7000
=3,101.430

Current CPI (Mar. 2026) = 112.7000.

Kansai Electric Power Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,355.901 98.100 1,557.697
201609 1,439.008 98.000 1,654.859
201612 1,485.981 98.400 1,701.931
201703 1,480.456 98.100 1,700.789
201706 1,498.159 98.500 1,714.137
201709 1,598.392 98.800 1,823.267
201712 1,625.207 99.400 1,842.664
201803 1,627.660 99.200 1,849.166
201806 1,638.065 99.200 1,860.987
201809 1,702.650 99.900 1,920.807
201812 1,651.643 99.700 1,867.003
201903 1,695.356 99.700 1,916.415
201906 1,719.951 99.800 1,942.269
201909 1,800.325 100.100 2,026.939
201912 1,811.017 100.500 2,030.862
202003 1,792.311 100.300 2,013.893
202006 1,818.126 99.900 2,051.079
202009 1,898.311 99.900 2,141.538
202012 1,883.877 99.300 2,138.096
202103 1,886.121 99.900 2,127.786
202106 1,882.693 99.500 2,132.457
202109 1,911.648 100.100 2,152.275
202112 1,866.557 100.100 2,101.508
202203 1,859.500 101.100 2,072.855
202206 1,873.537 101.800 2,074.142
202209 1,821.358 103.100 1,990.951
202212 1,838.218 104.100 1,990.078
202303 2,004.270 104.400 2,163.613
202306 2,241.129 105.200 2,400.905
202309 2,474.425 106.200 2,625.873
202312 2,420.219 106.800 2,553.920
202403 2,547.278 107.200 2,677.969
202406 2,693.686 108.200 2,805.715
202409 2,789.924 108.900 2,887.277
202412 2,706.684 110.700 2,755.585
202503 2,752.008 111.100 2,791.641
202506 2,792.425 111.700 2,817.424
202509 2,931.873 112.000 2,950.197
202512 3,031.833 113.000 3,023.784
202603 3,101.430 112.700 3,101.430

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 1.12 mean?
Kansai Electric Power Co (TSE:9503) has a Cyclically Adjusted PB Ratio of 1.12 as of Jul. 29, 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 Kansai Electric Power Co and its competitors. This is 35% above median its historical median of 0.83. Over the past decade, Kansai Electric Power Co's Cyclically Adjusted PB Ratio has ranged from 0.52 to 1.56. According to the industry distribution chart, Kansai Electric Power Co ranks #139 out of 279 companies in the Utilities - Independent Power Producers industry, placing it in the top 49.8%.
Is Kansai Electric Power Co's Cyclically Adjusted PB Ratio too high?
Kansai Electric Power Co's current Cyclically Adjusted PB Ratio of 1.12 is 35% above median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.56. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.11. Kansai Electric Power Co's value of 1.12 is 0.9% above this industry median. Based on the distribution chart, Kansai Electric Power Co ranks #139 out of 279 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Kansai Electric Power Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kansai Electric Power Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Kansai Electric Power Co ranks #139 out of 279 companies for Cyclically Adjusted PB Ratio. This puts Kansai Electric Power Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.11. Kansai Electric Power Co's value of 1.12 is 0.9% above this benchmark. Historically, Kansai Electric Power Co's own Cyclically Adjusted PB Ratio has ranged from 0.52 to 1.56 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 1.11, Kansai Electric Power 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PB Ratio among Utilities - Independent Power Producers companies is 1.11, based on 279 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. Kansai Electric Power Co's current Cyclically Adjusted PB Ratio of 1.12 is 0.9% 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 Kansai Electric Power Co and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kansai Electric Power Co's current Cyclically Adjusted PB Ratio is 1.12, which is 35% above median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kansai Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Kansai Electric Power Co (TSE:9503) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,671.56, compared to a current price of 円2,465.00 — trading 47.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.12, which is 35% above median its 10-year median of 0.83 and 0.9% above the Utilities - Independent Power Producers industry median of 1.11. Kansai Electric Power Co's overall GF Score™ is 67/100 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 Kansai Electric Power Co (TSE:9503), the current Cyclically Adjusted PB Ratio is 1.12 as of Jul. 29, 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 Kansai Electric Power Co (TSE:9503) Overvalued in 2026?

Based on GuruFocus' analysis, Kansai Electric Power Co stock appears to be overvalued. The current stock price of 円2,465.00 is trading 47.5% above its estimated GF Value™ of 円1,671.56. GuruFocus considers Kansai Electric Power Co to be Significantly Overvalued.

Key valuation signals for TSE:9503:

  • Cyclically Adjusted PB Ratio: 1.12 (35% above median its 10-year median of 0.83)
  • GF Value™: 円1,671.56 vs. price of 円2,465.00 (47.5% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 0.9% above the Utilities - Independent Power Producers median (#139 of 279)

No single metric tells the full story. See the TSE:9503 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kansai Electric Power Co Business Description

Address 3-6-16 Nakanoshima, Kita-ku, Osaka, JPN, 530-8270
Kansai Electric Power Co Inc is a Japan-based company that provides energy and information technology solutions. The company operates in four business segments. The Energy segment offers electricity, gas, and utility solutions. The Information and Communications segment provides comprehensive communication services. The Lifestyle/Business Solutions segment delivers consumer and business-related services. The Power Transmission and Distribution segment ensures a safe and reliable electricity supply from a neutral and fair standpoint. It generates the majority of its revenue from the Energy business segment.
67GF Score

Get the complete analysis for TSE:9503

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

円2,465.00
Price
円1,671.56
GF Value