TSOCF (Taisei Oncho Co) Cyclically Adjusted PB Ratio: 1.21 (As of Aug. 23, 2026) — 89% Above 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.

TSOCF Taisei Oncho Co Ltd TSOCF
78 GF Score
Price $17.90
GF Value $14.66
! 4 Warning Signs
View Full Analysis

What is Taisei Oncho Co Cyclically Adjusted PB Ratio?

Taisei Oncho Co TSOCF 78 Cyclically Adjusted PB Ratio is 1.21 as of Aug. 23, 2026, which is 89% above its 10-year median of 0.64. GuruFocus rates TSOCF with a GF Score™ of 78/100 and a GF Value™ of $14.66. The stock has 4 warning signs investors should review. Among 1,269 Construction companies, Taisei Oncho Co ranks worse than 52.88% on this metric.

As of today (2026-08-23), Taisei Oncho Co's current share price is $17.90. Taisei Oncho Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $14.78. Taisei Oncho Co's Cyclically Adjusted PB Ratio for today is 1.21.

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

TSOCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.64   Max: 1.6
Current: 1.22

During the past years, Taisei Oncho Co's highest Cyclically Adjusted PB Ratio was 1.60. The lowest was 0.50. And the median was 0.64.

TSOCF's Cyclically Adjusted PB Ratio is ranked worse than
52.88% of 1269 companies
in the Construction industry
Industry Median: 1.13 vs TSOCF: 1.22

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.

Taisei Oncho Co's adjusted book value per share data for the three months ended in Mar. 2026 was $31.151. 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 $14.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taisei Oncho Co  (OTCPK:TSOCF) 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.


Taisei Oncho Co Cyclically Adjusted PB Ratio Related Terms


Taisei Oncho Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Taisei Oncho 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.

Taisei Oncho Co Cyclically Adjusted PB Ratio Chart

Taisei Oncho 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 0.58 0.56 1.20 0.93 1.21

Taisei Oncho 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 0.98 1.02 1.09 1.21 0.00

TSOCF vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Taisei Oncho 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.


Taisei Oncho Co Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Taisei Oncho Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSOCF
78GF Score
Taisei Oncho Co Ltd TSOCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taisei Oncho 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.90/14.78
=1.21

* 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.

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

For example, Taisei Oncho 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)
=31.151/112.7000*112.7000
=31.151

Current CPI (Mar. 2026) = 112.7000.

Taisei Oncho Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 27.625 98.100 31.736
201609 28.437 98.000 32.703
201612 26.137 98.400 29.935
201703 28.910 98.100 33.213
201706 29.220 98.500 33.432
201709 29.946 98.800 34.159
201712 30.165 99.400 34.201
201803 32.985 99.200 37.474
201806 31.089 99.200 35.320
201809 29.226 99.900 32.971
201812 29.402 99.700 33.236
201903 31.612 99.700 35.734
201906 32.876 99.800 37.126
201909 33.797 100.100 38.051
201912 33.755 100.500 37.853
202003 33.365 100.300 37.490
202006 32.887 99.900 37.101
202009 33.692 99.900 38.009
202012 34.407 99.300 39.050
202103 33.772 99.900 38.099
202106 32.576 99.500 36.898
202109 33.361 100.100 37.560
202112 32.580 100.100 36.681
202203 32.882 101.100 36.655
202206 29.547 101.800 32.711
202209 28.918 103.100 31.611
202212 31.387 104.100 33.980
202303 32.256 104.400 34.820
202306 30.463 105.200 32.635
202309 30.342 106.200 32.199
202312 31.962 106.800 33.728
202403 29.106 107.200 30.599
202406 26.884 108.200 28.002
202409 31.169 108.900 32.257
202412 28.397 110.700 28.910
202503 30.633 111.100 31.074
202506 31.605 111.700 31.888
202509 31.799 112.000 31.998
202512 30.726 113.000 30.644
202603 31.151 112.700 31.151

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 1.21 mean?
Taisei Oncho Co (TSOCF) has a Cyclically Adjusted PB Ratio of 1.21 as of Aug. 23, 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 Taisei Oncho Co and its competitors. This is 89% above median its historical median of 0.64. Over the past decade, Taisei Oncho Co's Cyclically Adjusted PB Ratio has ranged from 0.50 to 1.60. According to the industry distribution chart, Taisei Oncho Co ranks #671 out of 1269 companies in the Construction industry, placing it in the top 52.9%.
Is Taisei Oncho Co's Cyclically Adjusted PB Ratio too high?
Taisei Oncho Co's current Cyclically Adjusted PB Ratio of 1.21 is 89% above median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 1.60. The Construction industry median Cyclically Adjusted PB Ratio is 1.13. Taisei Oncho Co's value of 1.21 is 7.1% above this industry median. Based on the distribution chart, Taisei Oncho Co ranks #671 out of 1269 companies in the Construction industry, which is below the industry midpoint. Overall, Taisei Oncho Co has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Taisei Oncho Co's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Taisei Oncho Co ranks #671 out of 1269 companies for Cyclically Adjusted PB Ratio. This places Taisei Oncho Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.13. Taisei Oncho Co's value of 1.21 is 7.1% above this benchmark. Historically, Taisei Oncho Co's own Cyclically Adjusted PB Ratio has ranged from 0.50 to 1.60 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 1.13, Taisei Oncho 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 a Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.13, based on 1,269 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. Taisei Oncho Co's current Cyclically Adjusted PB Ratio of 1.21 is 7.1% 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 Taisei Oncho Co and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taisei Oncho Co's current Cyclically Adjusted PB Ratio is 1.21, which is 89% above median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taisei Oncho Co stock overvalued right now?
Taisei Oncho Co (TSOCF) has a current Cyclically Adjusted PB Ratio of 1.21. The stock's GF Value™ is $14.66, compared to a current price of $17.90 — trading 22.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.21, which is 89% above median its 10-year median of 0.64 and 7.1% above the Construction industry median of 1.13. Taisei Oncho Co's overall GF Score™ is 78/100 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 Taisei Oncho Co (TSOCF), the current Cyclically Adjusted PB Ratio is 1.21 as of Aug. 23, 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 Taisei Oncho Co (TSOCF) Overvalued in 2026?

Based on GuruFocus' analysis, Taisei Oncho Co stock appears to be overvalued. The current stock price of $17.90 is trading 22.1% above its estimated GF Value™ of $14.66.

Key valuation signals for TSOCF:

  • Cyclically Adjusted PB Ratio: 1.21 (89% above median its 10-year median of 0.64)
  • GF Value™: $14.66 vs. price of $17.90 (22.1% above fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 7.1% above the Construction median (#671 of 1269)

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


Taisei Oncho Co Business Description

Other Exchanges 1904:Japan
Address 1-47-1 Oi, Shinagawa-ku, Tokyo, JPN, 140 8515
Taisei Oncho Co Ltd is engaged in designing and installation of air-conditioning & plumbing works. It offers its services to high-rise buildings, hospitals, hotels, shopping centers, general-purpose buildings & also offers related refurbishment & maintenance services. It also provides maintenance contract and after-sales services.
78GF Score

Get the complete analysis for TSOCF

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

$17.90
Price
$14.66
GF Value