Daikin Industries (WBO:DKI) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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.
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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.

WBO:DKI Daikin Industries Ltd WBO:DKI
89 GF Score
Price €115.40
GF Value €122.55
Valuation Fairly Valued
! 3 Warning Signs
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What is Daikin Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Daikin Industries  (WBO:DKI) 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.


Daikin Industries Cyclically Adjusted PB Ratio Related Terms


Daikin Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Daikin Industries'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.

Daikin Industries Cyclically Adjusted PB Ratio Chart

Daikin Industries 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 4.85 4.20 2.91 2.10 1.99

Daikin Industries 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 2.13 2.01 2.19 2.04 2.63

WBO:DKI vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Daikin Industries'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.


Daikin Industries Cyclically Adjusted PB Ratio vs Construction Industry

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

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


WBO:DKI
89GF Score
Daikin Industries Ltd WBO:DKI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Daikin Industries 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.

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

For example, Daikin Industries'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)
=59.097/113.6000*113.6000
=59.097

Current CPI (Jun. 2026) = 113.6000.

Daikin Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 29.875 98.000 34.631
201612 31.585 98.400 36.464
201703 32.590 98.100 37.739
201706 31.974 98.500 36.876
201709 32.868 98.800 37.792
201712 33.836 99.400 38.670
201803 34.624 99.200 39.650
201806 35.977 99.200 41.199
201809 37.138 99.900 42.231
201812 38.038 99.700 43.341
201903 39.799 99.700 45.348
201906 40.177 99.800 45.733
201909 42.922 100.100 48.711
201912 42.626 100.500 48.182
202003 42.201 100.300 47.797
202006 41.944 99.900 47.696
202009 42.573 99.900 48.411
202012 42.853 99.300 49.024
202103 44.690 99.900 50.819
202106 45.703 99.500 52.180
202109 48.398 100.100 54.925
202112 49.011 100.100 55.621
202203 50.804 101.100 57.085
202206 52.210 101.800 58.262
202209 55.036 103.100 60.641
202212 53.294 104.100 58.158
202303 53.845 104.400 58.590
202306 53.106 105.200 57.346
202309 55.793 106.200 59.681
202312 55.421 106.800 58.950
202403 56.158 107.200 59.511
202406 56.396 108.200 59.211
202409 58.462 108.900 60.985
202412 60.934 110.700 62.530
202503 60.610 111.100 61.974
202506 58.048 111.700 59.035
202509 59.972 112.000 60.829
202512 59.716 113.000 60.033
202603 61.785 112.700 62.278
202606 59.097 113.600 59.097

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.

Is Daikin Industries (WBO:DKI) Overvalued in 2026?

Based on GuruFocus' analysis, Daikin Industries stock appears to be undervalued. The current stock price of €115.40 is trading 5.8% below its estimated GF Value™ of €122.55. GuruFocus considers Daikin Industries to be Fairly Valued.

Key valuation signals for WBO:DKI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €122.55 vs. price of €115.40 (5.8% below fair value)
  • GF Score™: 89/100 with 3 warning signs

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


Daikin Industries Business Description

Address 1-13-1 Umeda, 34th Floor, Osaka Umeda Twin Towers South, Kita-ku, Osaka, JPN, 530-0001
Established in Osaka, Japan, in 1924, Daikin Industries is one of the world's largest residential and commercial heating, ventilation, and air conditioning product and service companies. North America, Japan, China, and Europe are Daikin's four biggest regional markets, with North America accounting for over 30% of the company's revenue over the years. The air conditioning segment represents about 90% of Daikin's revenue and operating income, while chemicals and others account for the remaining 10%.
89GF Score

Get the complete analysis for WBO:DKI

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

€115.40
Price
€122.55
GF Value