Shizuoka Gas Co (TSE:9543) Cyclically Adjusted PB Ratio: 0.92 (As of Aug. 19, 2026) — 11% Below Median

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TSE:9543 Shizuoka Gas Co Ltd TSE:9543
81 GF Score
Price 円1,266.00
GF Value 円1,067.19
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Shizuoka Gas Co Cyclically Adjusted PB Ratio?

Shizuoka Gas Co TSE:9543 +1.36% 81 Cyclically Adjusted PB Ratio is 0.92 as of Aug. 19, 2026, which is 11% below its 10-year median of 1.03. GuruFocus rates TSE:9543 with a GF Score™ of 81/100 and a GF Value™ of 円1,067.19 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 428 Utilities - Regulated companies, Shizuoka Gas Co ranks better than 71.5% on this metric.

As of today (2026-08-19), Shizuoka Gas Co's current share price is 円1266.00. Shizuoka Gas Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円1,381.95. Shizuoka Gas Co's Cyclically Adjusted PB Ratio for today is 0.92.

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

TSE:9543' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 1.03   Max: 1.45
Current: 0.91

During the past years, Shizuoka Gas Co's highest Cyclically Adjusted PB Ratio was 1.45. The lowest was 0.78. And the median was 1.03.

TSE:9543's Cyclically Adjusted PB Ratio is ranked better than
71.5% of 428 companies
in the Utilities - Regulated industry
Industry Median: 1.52 vs TSE:9543: 0.91

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.

Shizuoka Gas Co's adjusted book value per share data for the three months ended in Jun. 2026 was 円1,875.328. 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1,381.95 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shizuoka Gas Co  (TSE:9543) 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.


Shizuoka Gas Co Cyclically Adjusted PB Ratio Related Terms


Shizuoka Gas Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shizuoka Gas 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.

Shizuoka Gas Co Cyclically Adjusted PB Ratio Chart

Shizuoka Gas Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 1.05 0.90 0.86 0.90

Shizuoka Gas 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 0.83 0.90 0.90 1.12 0.91

TSE:9543 vs ATO, NI: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Gas subindustry, Shizuoka Gas 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.


Shizuoka Gas Co Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shizuoka Gas Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:9543
81GF Score
Shizuoka Gas Co Ltd TSE:9543
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shizuoka Gas 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.

Shizuoka Gas Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1266.00/1381.95
=0.92

* 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.

Shizuoka Gas Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Shizuoka Gas Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1875.328/113.6000*113.6000
=1,875.328

Current CPI (Jun. 2026) = 113.6000.

Shizuoka Gas Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 964.898 98.000 1,118.494
201612 957.585 98.400 1,105.505
201703 971.656 98.100 1,125.180
201706 998.888 98.500 1,152.017
201709 1,006.358 98.800 1,157.108
201712 1,024.056 99.400 1,170.350
201803 1,044.534 99.200 1,196.160
201806 1,052.150 99.200 1,204.881
201809 1,052.841 99.900 1,197.225
201812 1,026.245 99.700 1,169.322
201903 1,052.340 99.700 1,199.055
201906 1,085.694 99.800 1,235.820
201909 1,090.163 100.100 1,237.188
201912 1,087.610 100.500 1,229.378
202003 1,073.112 100.300 1,215.409
202006 1,065.370 99.900 1,211.472
202009 1,097.649 99.900 1,248.177
202012 1,109.821 99.300 1,269.644
202103 1,152.779 99.900 1,310.868
202106 1,173.590 99.500 1,339.898
202109 1,169.444 100.100 1,327.161
202112 1,166.770 100.100 1,324.127
202203 1,198.912 101.100 1,347.145
202206 1,254.268 101.800 1,399.655
202209 1,222.734 103.100 1,347.261
202212 1,253.270 104.100 1,367.641
202303 1,372.569 104.400 1,493.523
202306 1,437.680 105.200 1,552.476
202309 1,461.092 106.200 1,562.901
202312 1,448.415 106.800 1,540.636
202403 1,484.178 107.200 1,572.786
202406 1,570.855 108.200 1,649.253
202409 1,534.488 108.900 1,600.715
202412 1,570.111 110.700 1,611.243
202503 1,594.985 111.100 1,630.876
202506 1,644.355 111.700 1,672.325
202509 1,693.766 112.000 1,717.963
202512 1,742.691 113.000 1,751.944
202603 1,825.501 112.700 1,840.079
202606 1,875.328 113.600 1,875.328

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 0.92 mean?
Shizuoka Gas Co (TSE:9543) has a Cyclically Adjusted PB Ratio of 0.92 as of Aug. 19, 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 Shizuoka Gas Co and its competitors. This is 11% below median its historical median of 1.03. Over the past decade, Shizuoka Gas Co's Cyclically Adjusted PB Ratio has ranged from 0.78 to 1.45. According to the industry distribution chart, Shizuoka Gas Co ranks #122 out of 428 companies in the Utilities - Regulated industry, placing it in the top 28.5%.
Is Shizuoka Gas Co's Cyclically Adjusted PB Ratio too high?
Shizuoka Gas Co's current Cyclically Adjusted PB Ratio of 0.92 is 11% below median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 1.45. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. Shizuoka Gas Co's value of 0.92 is 39.5% below this industry median. Based on the distribution chart, Shizuoka Gas Co ranks #122 out of 428 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Shizuoka Gas Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shizuoka Gas Co's Cyclically Adjusted PB Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shizuoka Gas Co ranks #122 out of 428 companies for Cyclically Adjusted PB Ratio. This puts Shizuoka Gas Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Shizuoka Gas Co's value of 0.92 is 39.5% below this benchmark. Historically, Shizuoka Gas Co's own Cyclically Adjusted PB Ratio has ranged from 0.78 to 1.45 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 1.52, Shizuoka Gas 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 - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.52, based on 428 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. Shizuoka Gas Co's current Cyclically Adjusted PB Ratio of 0.92 is 39.5% 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 Shizuoka Gas Co and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shizuoka Gas Co's current Cyclically Adjusted PB Ratio is 0.92, which is 11% below median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shizuoka Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Shizuoka Gas Co (TSE:9543) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,067.19, compared to a current price of 円1,266.00 — trading 18.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.92, which is 11% below median its 10-year median of 1.03 and 39.5% below the Utilities - Regulated industry median of 1.52. Shizuoka Gas Co's overall GF Score™ is 81/100 with 2 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 Shizuoka Gas Co (TSE:9543), the current Cyclically Adjusted PB Ratio is 0.92 as of Aug. 19, 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 Shizuoka Gas Co (TSE:9543) Overvalued in 2026?

Based on GuruFocus' analysis, Shizuoka Gas Co stock appears to be overvalued. The current stock price of 円1,266.00 is trading 18.6% above its estimated GF Value™ of 円1,067.19. GuruFocus considers Shizuoka Gas Co to be Modestly Overvalued.

Key valuation signals for TSE:9543:

  • Cyclically Adjusted PB Ratio: 0.92 (11% below median its 10-year median of 1.03)
  • GF Value™: 円1,067.19 vs. price of 円1,266.00 (18.6% above fair value)
  • GF Score™: 81/100 with 2 warning signs
  • Industry Position: 39.5% below the Utilities - Regulated median (#122 of 428)

No single metric tells the full story. See the TSE:9543 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shizuoka Gas Co Business Description

Other Exchanges 1KS:Germany
Address 1-5-38 Yahata, Suruga-ku, Shizuoka, JPN, 422-8688
Shizuoka Gas Co Ltd is engaged in production, supply and sale of City gas, sale of Gas Appliances, and contract for Gas related construction work.
81GF Score

Get the complete analysis for TSE:9543

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

円1,266.00
Price
円1,067.19
GF Value