Tohoku Electric Power Co (TSE:9506) Cyclically Adjusted PB Ratio: 0.69 (As of Aug. 03, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9506 Tohoku Electric Power Co Inc TSE:9506
62 GF Score
Price 円1,190.50
GF Value 円986.62
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Tohoku Electric Power Co Cyclically Adjusted PB Ratio?

Tohoku Electric Power Co TSE:9506 +0.85% 62 Cyclically Adjusted PB Ratio is 0.69 as of Aug. 03, 2026, which is at its 10-year median of 0.69. GuruFocus rates TSE:9506 with a GF Score™ of 62/100 and a GF Value™ of 円986.62 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 278 Utilities - Independent Power Producers companies, Tohoku Electric Power Co ranks better than 66.55% on this metric.

As of today (2026-08-03), Tohoku Electric Power Co's current share price is 円1190.50. Tohoku Electric Power Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,722.19. Tohoku Electric Power Co's Cyclically Adjusted PB Ratio for today is 0.69.

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

TSE:9506' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.69   Max: 1.09
Current: 0.69

During the past years, Tohoku Electric Power Co's highest Cyclically Adjusted PB Ratio was 1.09. The lowest was 0.41. And the median was 0.69.

TSE:9506's Cyclically Adjusted PB Ratio is ranked better than
66.55% of 278 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.095 vs TSE:9506: 0.69

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.

Tohoku Electric Power Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,221.967. 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1,722.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tohoku Electric Power Co  (TSE:9506) 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.


Tohoku Electric Power Co Cyclically Adjusted PB Ratio Related Terms


Tohoku Electric Power Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tohoku 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.

Tohoku Electric Power Co Cyclically Adjusted PB Ratio Chart

Tohoku 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 0.51 0.46 0.79 0.63 0.68

Tohoku Electric Power 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 0.63 0.64 0.68 0.68 0.00

Tohoku Electric Power Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Tohoku 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.


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

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

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


TSE:9506
62GF Score
Tohoku Electric Power Co Inc TSE:9506
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tohoku 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1190.50/1722.19
=0.69

* 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.

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

For example, Tohoku 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)
=2221.967/112.7000*112.7000
=2,221.967

Current CPI (Mar. 2026) = 112.7000.

Tohoku Electric Power Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,316.346 98.100 1,512.255
201609 1,349.626 98.000 1,552.070
201612 1,363.566 98.400 1,561.727
201703 1,393.995 98.100 1,601.460
201706 1,422.157 98.500 1,627.179
201709 1,460.292 98.800 1,665.738
201712 1,464.260 99.400 1,660.182
201803 1,465.340 99.200 1,664.756
201806 1,497.976 99.200 1,701.834
201809 1,526.002 99.900 1,721.526
201812 1,488.763 99.700 1,682.885
201903 1,528.685 99.700 1,728.012
201906 1,557.569 99.800 1,758.898
201909 1,598.853 100.100 1,800.107
201912 1,592.644 100.500 1,785.980
202003 1,586.549 100.300 1,782.693
202006 1,626.140 99.900 1,834.494
202009 1,684.458 99.900 1,900.284
202012 1,657.096 99.300 1,880.712
202103 1,654.457 99.900 1,866.439
202106 1,654.736 99.500 1,874.259
202109 1,699.835 100.100 1,913.800
202112 1,619.839 100.100 1,823.735
202203 1,399.898 101.100 1,560.519
202206 1,346.302 101.800 1,490.454
202209 1,153.328 103.100 1,260.718
202212 930.957 104.100 1,007.866
202303 1,097.950 104.400 1,185.239
202306 1,272.467 105.200 1,363.185
202309 1,431.466 106.200 1,519.079
202312 1,500.165 106.800 1,583.039
202403 1,655.085 107.200 1,740.001
202406 1,778.214 108.200 1,852.169
202409 1,843.707 108.900 1,908.042
202412 1,885.793 110.700 1,919.863
202503 1,969.734 111.100 1,998.101
202506 2,024.328 111.700 2,042.451
202509 2,136.681 112.000 2,150.035
202512 2,189.532 113.000 2,183.719
202603 2,221.967 112.700 2,221.967

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 0.69 mean?
Tohoku Electric Power Co (TSE:9506) has a Cyclically Adjusted PB Ratio of 0.69 as of Aug. 03, 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 Tohoku Electric Power Co and its competitors. This is near median its historical median of 0.69. Over the past decade, Tohoku Electric Power Co's Cyclically Adjusted PB Ratio has ranged from 0.41 to 1.09. According to the industry distribution chart, Tohoku Electric Power Co ranks #93 out of 278 companies in the Utilities - Independent Power Producers industry, placing it in the top 33.5%.
Is Tohoku Electric Power Co's Cyclically Adjusted PB Ratio too high?
Tohoku Electric Power Co's current Cyclically Adjusted PB Ratio of 0.69 is near median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.09. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.10. Tohoku Electric Power Co's value of 0.69 is 37% below this industry median. Based on the distribution chart, Tohoku Electric Power Co ranks #93 out of 278 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Tohoku Electric Power Co has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tohoku Electric Power Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Tohoku Electric Power Co ranks #93 out of 278 companies for Cyclically Adjusted PB Ratio. This puts Tohoku Electric Power Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.10. Tohoku Electric Power Co's value of 0.69 is 37% below this benchmark. Historically, Tohoku Electric Power Co's own Cyclically Adjusted PB Ratio has ranged from 0.41 to 1.09 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.10, Tohoku Electric Power 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PB Ratio among Utilities - Independent Power Producers companies is 1.10, based on 278 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. Tohoku Electric Power Co's current Cyclically Adjusted PB Ratio of 0.69 is 37% 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 Tohoku Electric Power Co and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tohoku Electric Power Co's current Cyclically Adjusted PB Ratio is 0.69, which is near median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tohoku Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Tohoku Electric Power Co (TSE:9506) is currently considered Modestly Overvalued. The stock's GF Value™ is 円986.62, compared to a current price of 円1,190.50 — trading 20.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.69, which is near median its 10-year median of 0.69 and 37% below the Utilities - Independent Power Producers industry median of 1.10. Tohoku Electric Power Co's overall GF Score™ is 62/100 with 8 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 Tohoku Electric Power Co (TSE:9506), the current Cyclically Adjusted PB Ratio is 0.69 as of Aug. 03, 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 Tohoku Electric Power Co (TSE:9506) Overvalued in 2026?

Based on GuruFocus' analysis, Tohoku Electric Power Co stock appears to be overvalued. The current stock price of 円1,190.50 is trading 20.7% above its estimated GF Value™ of 円986.62. GuruFocus considers Tohoku Electric Power Co to be Modestly Overvalued.

Key valuation signals for TSE:9506:

  • Cyclically Adjusted PB Ratio: 0.69 (near median its 10-year median of 0.69)
  • GF Value™: 円986.62 vs. price of 円1,190.50 (20.7% above fair value)
  • GF Score™: 62/100 with 8 warning signs
  • Industry Position: 37% below the Utilities - Independent Power Producers median (#93 of 278)

No single metric tells the full story. See the TSE:9506 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tohoku Electric Power Co Business Description

Other Exchanges TKT:Germany
Address 1-7-1 Honmachi, Aoba-ku, Sendai, JPN, 980-8550
Tohoku Electric Power Co Inc is engaged in the supply and distribution of electricity. The company operates through two reportable segments: Power Generation and Sales, which provides stable electricity from thermal, nuclear, and renewable energy sources and offers electricity retail and related services; and Power Transmission and Distribution, which provides neutral and fair electricity network services. It generates the majority of its revenue from the Power generation and sales business segment.
62GF Score

Get the complete analysis for TSE:9506

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

円1,190.50
Price
円986.62
GF Value