RENOVA (TSE:9519) Cyclically Adjusted PB Ratio: 1.92 (As of Aug. 09, 2026) — 12% Below Median

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TSE:9519 RENOVA Inc TSE:9519
76 GF Score
Price 円884.00
GF Value 円1,333.06
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is RENOVA Cyclically Adjusted PB Ratio?

RENOVA TSE:9519 -4.43% 76 Cyclically Adjusted PB Ratio is 1.92 as of Aug. 09, 2026, which is 12% below its 10-year median of 2.17. GuruFocus rates TSE:9519 with a GF Score™ of 76/100 and a GF Value™ of 円1,333.06 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 276 Utilities - Independent Power Producers companies, RENOVA ranks worse than 70.65% on this metric.

As of today (2026-08-09), RENOVA's current share price is 円884.00. RENOVA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円461.57. RENOVA's Cyclically Adjusted PB Ratio for today is 1.92.

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

TSE:9519' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.77   Med: 2.17   Max: 2.92
Current: 1.92

During the past years, RENOVA's highest Cyclically Adjusted PB Ratio was 2.92. The lowest was 1.77. And the median was 2.17.

TSE:9519's Cyclically Adjusted PB Ratio is ranked worse than
70.65% of 276 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.08 vs TSE:9519: 1.92

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.

RENOVA's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,359.035. 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461.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RENOVA  (TSE:9519) 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.


RENOVA Cyclically Adjusted PB Ratio Related Terms


RENOVA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RENOVA'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.

RENOVA Cyclically Adjusted PB Ratio Chart

RENOVA Annual Data
Trend May16 May17 May18 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.82

RENOVA 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 0.00 0.00 0.00 0.00 1.82

RENOVA Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, RENOVA'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.


RENOVA Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

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

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


TSE:9519
76GF Score
RENOVA Inc TSE:9519
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RENOVA 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=884.00/461.57
=1.92

* 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.

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

For example, RENOVA'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)
=1359.035/112.7000*112.7000
=1,359.035

Current CPI (Mar. 2026) = 112.7000.

RENOVA Quarterly Data

Book Value per Share CPI Adj_Book
201505 36.803 98.700 42.023
201605 54.627 98.200 62.693
201611 85.278 98.600 97.473
201702 88.895 98.100 102.125
201705 91.280 98.600 104.333
201708 97.554 98.500 111.618
201711 103.979 99.100 118.249
201802 99.929 99.500 113.186
201805 103.032 99.300 116.936
201808 106.191 99.800 119.917
201811 102.054 100.000 115.015
201902 108.684 99.700 122.855
201906 127.630 99.800 144.127
201909 164.606 100.100 185.326
201912 161.768 100.500 181.406
202003 169.040 100.300 189.938
202006 267.689 99.900 301.987
202009 226.844 99.900 255.909
202012 149.048 99.300 169.161
202103 196.271 99.900 221.419
202106 262.995 99.500 297.885
202109 375.166 100.100 422.390
202112 373.371 100.100 420.369
202203 406.072 101.100 452.664
202206 582.483 101.800 644.851
202209 665.509 103.100 727.477
202212 610.626 104.100 661.072
202303 545.933 104.400 589.336
202306 694.120 105.200 743.606
202309 780.973 106.200 828.773
202312 771.168 106.800 813.770
202403 861.063 107.200 905.241
202406 0.000 108.200 0.000
202409 926.803 108.900 959.143
202412 1,104.049 110.700 1,123.996
202503 985.283 111.100 999.472
202506 893.760 111.700 901.761
202509 1,030.009 112.000 1,036.447
202512 1,241.453 113.000 1,238.157
202603 1,359.035 112.700 1,359.035

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 1.92 mean?
RENOVA (TSE:9519) has a Cyclically Adjusted PB Ratio of 1.92 as of Aug. 09, 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 RENOVA and its competitors. This is 12% below median its historical median of 2.17. Over the past decade, RENOVA's Cyclically Adjusted PB Ratio has ranged from 1.77 to 2.92. According to the industry distribution chart, RENOVA ranks #195 out of 276 companies in the Utilities - Independent Power Producers industry, placing it in the top 70.7%.
Is RENOVA's Cyclically Adjusted PB Ratio too high?
RENOVA's current Cyclically Adjusted PB Ratio of 1.92 is 12% below median its 10-year median of 2.17. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 2.92. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.08. RENOVA's value of 1.92 is 77.8% above this industry median. Based on the distribution chart, RENOVA ranks #195 out of 276 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, RENOVA has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does RENOVA's Cyclically Adjusted PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, RENOVA ranks #195 out of 276 companies for Cyclically Adjusted PB Ratio. This places RENOVA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.08. RENOVA's value of 1.92 is 77.8% above this benchmark. Historically, RENOVA's own Cyclically Adjusted PB Ratio has ranged from 1.77 to 2.92 over the past decade. While the company's 10-year median is 2.17 vs. the industry median of 1.08, RENOVA 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 1.08, based on 276 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. RENOVA's current Cyclically Adjusted PB Ratio of 1.92 is 77.8% 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 RENOVA and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RENOVA's current Cyclically Adjusted PB Ratio is 1.92, which is 12% below median its own 10-year median of 2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RENOVA stock overvalued right now?
Based on GuruFocus' analysis, RENOVA (TSE:9519) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,333.06, compared to a current price of 円884.00 — trading 33.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.92, which is 12% below median its 10-year median of 2.17 and 77.8% above the Utilities - Independent Power Producers industry median of 1.08. RENOVA's overall GF Score™ is 76/100 with 6 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 RENOVA (TSE:9519), the current Cyclically Adjusted PB Ratio is 1.92 as of Aug. 09, 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 RENOVA (TSE:9519) Overvalued in 2026?

Based on GuruFocus' analysis, RENOVA stock appears to be undervalued. The current stock price of 円884.00 is trading 33.7% below its estimated GF Value™ of 円1,333.06. GuruFocus considers RENOVA to be Possible Value Trap.

Key valuation signals for TSE:9519:

  • Cyclically Adjusted PB Ratio: 1.92 (12% below median its 10-year median of 2.17)
  • GF Value™: 円1,333.06 vs. price of 円884.00 (33.7% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 77.8% above the Utilities - Independent Power Producers median (#195 of 276)

No single metric tells the full story. See the TSE:9519 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RENOVA Business Description

Address Tokyo Sankei Building 27 Floor, 18 Floor, 1-7-2 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004
RENOVA Inc is a Japan-based company mainly engaged in renewable energy generation business and the development and management of renewable energy business. With its subsidiaries, the company operates power generation business. Renewable energy power generation develops electricity sales business by operating renewable energy power plants, including large-scale solar power generation, wind power generation, and biomass power generation.
76GF Score

Get the complete analysis for TSE:9519

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

円884.00
Price
円1,333.06
GF Value