Metawater Co (TSE:9551) Cyclically Adjusted PB Ratio: 2.29 (As of Sep. 07, 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:9551 Metawater Co Ltd TSE:9551
89 GF Score
Price 円3,170.00
GF Value 円2,740.56
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Metawater Co Cyclically Adjusted PB Ratio?

Metawater Co TSE:9551 +3.43% 89 Cyclically Adjusted PB Ratio is 2.29 as of Sep. 07, 2026, which is 6% above its 10-year median of 2.16. GuruFocus rates TSE:9551 with a GF Score™ of 89/100 and a GF Value™ of 円2,740.56 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,099 Industrial Products companies, Metawater Co ranks worse than 52.64% on this metric.

As of today (2026-09-07), Metawater Co's current share price is 円3170.00. Metawater Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,383.16. Metawater Co's Cyclically Adjusted PB Ratio for today is 2.29.

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

TSE:9551' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.41   Med: 2.16   Max: 3.08
Current: 2.29

During the past years, Metawater Co's highest Cyclically Adjusted PB Ratio was 3.08. The lowest was 1.41. And the median was 2.16.

TSE:9551's Cyclically Adjusted PB Ratio is ranked worse than
52.64% of 2099 companies
in the Industrial Products industry
Industry Median: 2.14 vs TSE:9551: 2.29

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.

Metawater Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,047.530. 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1,383.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Metawater Co  (TSE:9551) 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.


Metawater Co Cyclically Adjusted PB Ratio Related Terms


Metawater Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Metawater 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.

Metawater Co Cyclically Adjusted PB Ratio Chart

Metawater 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 0.00 0.00 0.00 1.50 2.46

Metawater 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 1.70 2.29 2.47 2.46 0.00

TSE:9551 vs VLTO, ZWS, CECO: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Metawater 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.


Metawater Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Metawater Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:9551
89GF Score
Metawater Co Ltd TSE:9551
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metawater 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3170.00/1383.16
=2.29

* 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.

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

For example, Metawater 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)
=2047.53/112.7000*112.7000
=2,047.530

Current CPI (Mar. 2026) = 112.7000.

Metawater Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 886.435 98.100 1,018.361
201609 846.201 98.000 973.131
201612 818.890 98.400 937.895
201703 1,005.690 98.100 1,155.365
201706 946.593 98.500 1,083.056
201709 917.777 98.800 1,046.897
201712 905.105 99.400 1,026.211
201803 1,058.981 99.200 1,203.096
201806 1,001.022 99.200 1,137.250
201809 990.781 99.900 1,117.728
201812 981.060 99.700 1,108.982
201903 1,135.823 99.700 1,283.924
201906 1,102.706 99.800 1,245.240
201909 1,078.790 100.100 1,214.582
201912 930.950 100.500 1,043.961
202003 1,138.007 100.300 1,278.698
202006 1,076.392 99.900 1,214.308
202009 1,059.475 99.900 1,195.224
202012 1,051.990 99.300 1,193.950
202103 1,223.498 99.900 1,380.263
202106 1,189.181 99.500 1,346.942
202109 1,181.670 100.100 1,330.412
202112 1,175.612 100.100 1,323.591
202203 1,360.039 101.100 1,516.087
202206 1,331.137 101.800 1,473.665
202209 1,353.728 103.100 1,479.778
202212 1,360.587 104.100 1,472.989
202303 1,495.526 104.400 1,614.423
202306 1,437.317 105.200 1,539.787
202309 1,471.845 106.200 1,561.930
202312 1,513.665 106.800 1,597.285
202403 1,672.093 107.200 1,757.881
202406 1,636.303 108.200 1,704.356
202409 1,665.047 108.900 1,723.148
202412 1,606.568 110.700 1,635.594
202503 1,863.081 111.100 1,889.912
202506 1,791.425 111.700 1,807.463
202509 1,804.741 112.000 1,816.021
202512 1,834.379 113.000 1,829.509
202603 2,047.530 112.700 2,047.530

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 2.29 mean?
Metawater Co (TSE:9551) has a Cyclically Adjusted PB Ratio of 2.29 as of Sep. 07, 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 Metawater Co and its competitors. This is near median its historical median of 2.16. Over the past decade, Metawater Co's Cyclically Adjusted PB Ratio has ranged from 1.41 to 3.08. According to the industry distribution chart, Metawater Co ranks #1105 out of 2099 companies in the Industrial Products industry, placing it in the top 52.6%.
Is Metawater Co's Cyclically Adjusted PB Ratio too high?
Metawater Co's current Cyclically Adjusted PB Ratio of 2.29 is near median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 3.08. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.14. Metawater Co's value of 2.29 is 7% above this industry median. Based on the distribution chart, Metawater Co ranks #1105 out of 2099 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Metawater Co has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Metawater Co's Cyclically Adjusted PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Metawater Co ranks #1105 out of 2099 companies for Cyclically Adjusted PB Ratio. This places Metawater Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.14. Metawater Co's value of 2.29 is 7% above this benchmark. Historically, Metawater Co's own Cyclically Adjusted PB Ratio has ranged from 1.41 to 3.08 over the past decade. While the company's 10-year median is 2.16 vs. the industry median of 2.14, Metawater 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 Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.14, based on 2,099 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. Metawater Co's current Cyclically Adjusted PB Ratio of 2.29 is 7% 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 Metawater Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metawater Co's current Cyclically Adjusted PB Ratio is 2.29, which is near median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metawater Co stock overvalued right now?
Based on GuruFocus' analysis, Metawater Co (TSE:9551) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,740.56, compared to a current price of 円3,170.00 — trading 15.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.29, which is near median its 10-year median of 2.16 and 7% above the Industrial Products industry median of 2.14. Metawater Co's overall GF Score™ is 89/100 with 3 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 Metawater Co (TSE:9551), the current Cyclically Adjusted PB Ratio is 2.29 as of Sep. 07, 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 Metawater Co (TSE:9551) Overvalued in 2026?

Based on GuruFocus' analysis, Metawater Co stock appears to be overvalued. The current stock price of 円3,170.00 is trading 15.7% above its estimated GF Value™ of 円2,740.56. GuruFocus considers Metawater Co to be Modestly Overvalued.

Key valuation signals for TSE:9551:

  • Cyclically Adjusted PB Ratio: 2.29 (near median its 10-year median of 2.16)
  • GF Value™: 円2,740.56 vs. price of 円3,170.00 (15.7% above fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 7% above the Industrial Products median (#1105 of 2099)

No single metric tells the full story. See the TSE:9551 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metawater Co Business Description

Other Exchanges MTWTF:USA2MW:Germany
Address JR Kanda Manseibashi Building 1-25, Kanda-sudacho, Chiyoda-ku, Tokyo, JPN, 101-0041
Metawater Co Ltd is a Japan-based company, which offers optimum solutions for creating a circulation of water recourses while focusing on the plant engineering business and service solution business. It manufactures mechanical and electrical equipment for water and wastewater treatment. The company operates in two segments; Plant Engineering segment, which involves in the design, procurement and sale of mechanical and electrical equipment, used in water purification plants and sewage treatment plants; and the Service Solution segment involves in the repair, maintenance and operation management of mechanical and electrical equipment used in water purification plants and sewage treatment plants, providing equipment inspection, repair, maintenance, and other services.
89GF Score

Get the complete analysis for TSE:9551

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

円3,170.00
Price
円2,740.56
GF Value