Trusco Nakayama (TSE:9830) Cyclically Adjusted PB Ratio: 1.03 (As of Aug. 09, 2026) — 32% Below 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:9830 Trusco Nakayama Corp TSE:9830
89 GF Score
Price 円2,357.00
GF Value 円2,865.14
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Trusco Nakayama Cyclically Adjusted PB Ratio?

Trusco Nakayama TSE:9830 -3.80% 89 Cyclically Adjusted PB Ratio is 1.03 as of Aug. 09, 2026, which is 32% below its 10-year median of 1.51. GuruFocus rates TSE:9830 with a GF Score™ of 89/100 and a GF Value™ of 円2,865.14 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 127 Industrial Distribution companies, Trusco Nakayama ranks better than 56.69% on this metric.

As of today (2026-08-09), Trusco Nakayama's current share price is 円2357.00. Trusco Nakayama's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円2,288.31. Trusco Nakayama's Cyclically Adjusted PB Ratio for today is 1.03.

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

TSE:9830' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.51   Max: 2.57
Current: 1.03

During the past years, Trusco Nakayama's highest Cyclically Adjusted PB Ratio was 2.57. The lowest was 0.83. And the median was 1.51.

TSE:9830's Cyclically Adjusted PB Ratio is ranked better than
56.69% of 127 companies
in the Industrial Distribution industry
Industry Median: 1.38 vs TSE:9830: 1.03

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.

Trusco Nakayama's adjusted book value per share data for the three months ended in Dec. 2025 was 円2,824.537. 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2,288.31 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trusco Nakayama  (TSE:9830) 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.


Trusco Nakayama Cyclically Adjusted PB Ratio Related Terms


Trusco Nakayama Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Trusco Nakayama'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.

Trusco Nakayama Cyclically Adjusted PB Ratio Chart

Trusco Nakayama 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 1.65 1.12 1.25 1.10 1.05

Trusco Nakayama 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 0.92 0.94 1.07 1.05 0.00

TSE:9830 vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, Trusco Nakayama'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.


Trusco Nakayama Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Trusco Nakayama's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:9830
89GF Score
Trusco Nakayama Corp TSE:9830
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trusco Nakayama 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.

Trusco Nakayama's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2357.00/2288.31
=1.03

* 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.

Trusco Nakayama's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Trusco Nakayama's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=2824.537/113.0000*113.0000
=2,824.537

Current CPI (Dec. 2025) = 113.0000.

Trusco Nakayama Quarterly Data

Book Value per Share CPI Adj_Book
201603 1,505.610 97.900 1,737.834
201606 1,537.909 98.100 1,771.496
201609 1,552.602 98.000 1,790.245
201612 1,604.819 98.400 1,842.932
201703 1,627.443 98.100 1,874.629
201706 1,663.063 98.500 1,907.879
201709 1,679.910 98.800 1,921.355
201712 1,723.815 99.400 1,959.669
201803 1,743.074 99.200 1,985.558
201806 1,775.480 99.200 2,022.472
201809 1,786.519 99.900 2,020.787
201812 1,829.494 99.700 2,073.549
201903 1,841.550 99.700 2,087.213
201906 1,875.063 99.800 2,123.067
201909 1,888.195 100.100 2,131.529
201912 1,933.125 100.500 2,173.563
202003 1,938.296 100.300 2,183.723
202006 1,976.495 99.900 2,235.675
202009 1,978.376 99.900 2,237.803
202012 2,016.287 99.300 2,294.466
202103 2,046.601 99.900 2,314.974
202106 2,083.739 99.500 2,366.457
202109 2,099.252 100.100 2,369.785
202112 2,159.835 100.100 2,438.175
202203 2,185.251 101.100 2,442.466
202206 2,215.019 101.800 2,458.715
202209 2,233.793 103.100 2,448.289
202212 2,289.921 104.100 2,485.697
202303 2,310.333 104.400 2,500.648
202306 2,368.036 105.200 2,543.613
202309 2,385.293 106.200 2,538.024
202312 2,437.255 106.800 2,578.744
202403 2,472.301 107.200 2,606.064
202406 2,523.847 108.200 2,635.811
202409 2,567.977 108.900 2,664.659
202412 2,638.647 110.700 2,693.470
202503 2,665.064 111.100 2,710.641
202506 2,725.982 111.700 2,757.708
202509 2,753.977 112.000 2,778.566
202512 2,824.537 113.000 2,824.537

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 1.03 mean?
Trusco Nakayama (TSE:9830) has a Cyclically Adjusted PB Ratio of 1.03 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 Trusco Nakayama and its competitors. This is 32% below median its historical median of 1.51. Over the past decade, Trusco Nakayama's Cyclically Adjusted PB Ratio has ranged from 0.83 to 2.57. According to the industry distribution chart, Trusco Nakayama ranks #55 out of 127 companies in the Industrial Distribution industry, placing it in the top 43.3%.
Is Trusco Nakayama's Cyclically Adjusted PB Ratio too high?
Trusco Nakayama's current Cyclically Adjusted PB Ratio of 1.03 is 32% below median its 10-year median of 1.51. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 2.57. The Industrial Distribution industry median Cyclically Adjusted PB Ratio is 1.38. Trusco Nakayama's value of 1.03 is 25.4% below this industry median. Based on the distribution chart, Trusco Nakayama ranks #55 out of 127 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Trusco Nakayama has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trusco Nakayama's Cyclically Adjusted PB Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Trusco Nakayama ranks #55 out of 127 companies for Cyclically Adjusted PB Ratio. This puts Trusco Nakayama in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.38. Trusco Nakayama's value of 1.03 is 25.4% below this benchmark. Historically, Trusco Nakayama's own Cyclically Adjusted PB Ratio has ranged from 0.83 to 2.57 over the past decade. While the company's 10-year median is 1.51 vs. the industry median of 1.38, Trusco Nakayama 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 Industrial Distribution company?
The median Cyclically Adjusted PB Ratio among Industrial Distribution companies is 1.38, based on 127 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. Trusco Nakayama's current Cyclically Adjusted PB Ratio of 1.03 is 25.4% 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 Trusco Nakayama and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trusco Nakayama's current Cyclically Adjusted PB Ratio is 1.03, which is 32% below median its own 10-year median of 1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trusco Nakayama stock overvalued right now?
Based on GuruFocus' analysis, Trusco Nakayama (TSE:9830) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,865.14, compared to a current price of 円2,357.00 — trading 17.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.03, which is 32% below median its 10-year median of 1.51 and 25.4% below the Industrial Distribution industry median of 1.38. Trusco Nakayama's overall GF Score™ is 89/100 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 Trusco Nakayama (TSE:9830), the current Cyclically Adjusted PB Ratio is 1.03 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 Trusco Nakayama (TSE:9830) Overvalued in 2026?

Based on GuruFocus' analysis, Trusco Nakayama stock appears to be undervalued. The current stock price of 円2,357.00 is trading 17.7% below its estimated GF Value™ of 円2,865.14. GuruFocus considers Trusco Nakayama to be Modestly Undervalued.

Key valuation signals for TSE:9830:

  • Cyclically Adjusted PB Ratio: 1.03 (32% below median its 10-year median of 1.51)
  • GF Value™: 円2,865.14 vs. price of 円2,357.00 (17.7% below fair value)
  • GF Score™: 89/100 with 2 warning signs
  • Industry Position: 25.4% below the Industrial Distribution median (#55 of 127)

No single metric tells the full story. See the TSE:9830 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Trusco Nakayama Business Description

Address 4-28-1 Shinbashi, Minato-ku, Tokyo, JPN
Trusco Nakayama Corp is a Japanese wholesaler of tools to the manufacturing industry. The company engages in the wholesale of machine tools, distribution of equipment and environmental safety equipment, consumables, and furniture and fixtures. The products are sold to machinery tools dealers, online shops, and home centers. End clients include manufacturers, general consumers, and construction-related businesses. The company sells its wholesale products in Japan.
89GF Score

Get the complete analysis for TSE:9830

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

円2,357.00
Price
円2,865.14
GF Value