Electric Power Development Co (TSE:9513) Cyclically Adjusted PB Ratio: 0.69 (As of Aug. 16, 2026) — 33% Above Median

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TSE:9513 Electric Power Development Co Ltd TSE:9513
58 GF Score
Price 円3,916.00
GF Value 円2,520.42
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Electric Power Development Co Cyclically Adjusted PB Ratio?

Electric Power Development Co TSE:9513 +0.77% 58 Cyclically Adjusted PB Ratio is 0.69 as of Aug. 16, 2026, which is 33% above its 10-year median of 0.52. GuruFocus rates TSE:9513 with a GF Score™ of 58/100 and a GF Value™ of 円2,520.42 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 272 Utilities - Independent Power Producers companies, Electric Power Development Co ranks better than 66.91% on this metric.

As of today (2026-08-16), Electric Power Development Co's current share price is 円3916.00. Electric Power Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円5,685.90. Electric Power Development Co's Cyclically Adjusted PB Ratio for today is 0.69.

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

TSE:9513' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.52   Max: 1
Current: 0.69

During the past years, Electric Power Development Co's highest Cyclically Adjusted PB Ratio was 1.00. The lowest was 0.36. And the median was 0.52.

TSE:9513's Cyclically Adjusted PB Ratio is ranked better than
66.91% of 272 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.095 vs TSE:9513: 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.

Electric Power Development Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円7,985.234. 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5,685.90 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Electric Power Development Co  (TSE:9513) 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.


Electric Power Development Co Cyclically Adjusted PB Ratio Related Terms


Electric Power Development Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Electric Power Development 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.

Electric Power Development Co Cyclically Adjusted PB Ratio Chart

Electric Power Development 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 0.43 0.48 0.52 0.48 0.76

Electric Power Development 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 0.46 0.51 0.56 0.76 0.00

Electric Power Development Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Electric Power Development 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.


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

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

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


TSE:9513
58GF Score
Electric Power Development Co Ltd TSE:9513
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Electric Power Development 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3916.00/5685.90
=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.

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

For example, Electric Power Development 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)
=7985.234/112.7000*112.7000
=7,985.234

Current CPI (Mar. 2026) = 112.7000.

Electric Power Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3,633.319 98.100 4,174.058
201609 3,577.859 98.000 4,114.538
201612 3,697.132 98.400 4,234.418
201703 3,954.204 98.100 4,542.699
201706 4,021.082 98.500 4,600.771
201709 4,154.280 98.800 4,738.738
201712 4,279.586 99.400 4,852.207
201803 4,300.980 99.200 4,886.295
201806 4,357.806 99.200 4,950.854
201809 4,400.707 99.900 4,964.561
201812 4,502.057 99.700 5,089.085
201903 4,356.533 99.700 4,924.586
201906 4,387.077 99.800 4,954.144
201909 4,372.021 100.100 4,922.345
201912 4,344.421 100.500 4,871.803
202003 4,412.818 100.300 4,958.371
202006 4,206.939 99.900 4,745.966
202009 4,384.684 99.900 4,946.485
202012 4,487.274 99.300 5,092.807
202103 4,420.392 99.900 4,986.769
202106 4,640.302 99.500 5,255.900
202109 4,631.403 100.100 5,214.377
202112 4,647.125 100.100 5,232.078
202203 5,004.305 101.100 5,578.488
202206 5,318.272 101.800 5,887.714
202209 5,753.917 103.100 6,289.684
202212 6,082.301 104.100 6,584.777
202303 5,931.670 104.400 6,403.249
202306 6,007.738 105.200 6,436.046
202309 6,338.485 106.200 6,726.434
202312 6,508.946 106.800 6,868.523
202403 6,649.407 107.200 6,990.561
202406 0.000 108.200 0.000
202409 7,185.409 108.900 7,436.140
202412 7,017.629 110.700 7,144.415
202503 7,305.626 111.100 7,410.838
202506 7,365.309 111.700 7,431.247
202509 7,514.194 112.000 7,561.158
202512 7,782.509 113.000 7,761.847
202603 7,985.234 112.700 7,985.234

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?
Electric Power Development Co (TSE:9513) has a Cyclically Adjusted PB Ratio of 0.69 as of Aug. 16, 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 Electric Power Development Co and its competitors. This is 33% above median its historical median of 0.52. Over the past decade, Electric Power Development Co's Cyclically Adjusted PB Ratio has ranged from 0.36 to 1.00. According to the industry distribution chart, Electric Power Development Co ranks #90 out of 272 companies in the Utilities - Independent Power Producers industry, placing it in the top 33.1%.
Is Electric Power Development Co's Cyclically Adjusted PB Ratio too high?
Electric Power Development Co's current Cyclically Adjusted PB Ratio of 0.69 is 33% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 1.00. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.10. Electric Power Development Co's value of 0.69 is 37% below this industry median. Based on the distribution chart, Electric Power Development Co ranks #90 out of 272 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Electric Power Development Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Electric Power Development Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Electric Power Development Co ranks #90 out of 272 companies for Cyclically Adjusted PB Ratio. This puts Electric Power Development Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.10. Electric Power Development Co's value of 0.69 is 37% below this benchmark. Historically, Electric Power Development Co's own Cyclically Adjusted PB Ratio has ranged from 0.36 to 1.00 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 1.10, Electric Power Development 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 272 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. Electric Power Development 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 Electric Power Development 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. Electric Power Development Co's current Cyclically Adjusted PB Ratio is 0.69, which is 33% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electric Power Development Co stock overvalued right now?
Based on GuruFocus' analysis, Electric Power Development Co (TSE:9513) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,520.42, compared to a current price of 円3,916.00 — trading 55.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.69, which is 33% above median its 10-year median of 0.52 and 37% below the Utilities - Independent Power Producers industry median of 1.10. Electric Power Development Co's overall GF Score™ is 58/100 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 Electric Power Development Co (TSE:9513), the current Cyclically Adjusted PB Ratio is 0.69 as of Aug. 16, 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 Electric Power Development Co (TSE:9513) Overvalued in 2026?

Based on GuruFocus' analysis, Electric Power Development Co stock appears to be overvalued. The current stock price of 円3,916.00 is trading 55.4% above its estimated GF Value™ of 円2,520.42. GuruFocus considers Electric Power Development Co to be Significantly Overvalued.

Key valuation signals for TSE:9513:

  • Cyclically Adjusted PB Ratio: 0.69 (33% above median its 10-year median of 0.52)
  • GF Value™: 円2,520.42 vs. price of 円3,916.00 (55.4% above fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 37% below the Utilities - Independent Power Producers median (#90 of 272)

No single metric tells the full story. See the TSE:9513 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Electric Power Development Co Business Description

Other Exchanges FJG:Germany
Address 15-1 Ginza 6-chome, Chuo-ku, Tokyo, JPN, 104-8165
Electric Power Development Co Ltd is a Japanese electric utility company involved in the generation, transmission, distribution, and retail sale of energy. The company operates through four segments. The Power Generation segment covers hydro, thermal, and wind power generation, along with maintenance, operation, and electricity sales. The Power Transmission and Transformation segment focuses on grid and network operations. Electricity-related Businesses support generation and transmission activities to ensure smooth and efficient operations. The Overseas Business engages in power generation and related services abroad. It generates the majority of its revenue from the Power Generation Business segment.
58GF Score

Get the complete analysis for TSE:9513

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

円3,916.00
Price
円2,520.42
GF Value