CUGKF (Chugoku Marine Paints) Cyclically Adjusted PB Ratio: 2.45 (As of Jul. 15, 2026) — 125% Above Median

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CUGKF Chugoku Marine Paints Ltd CUGKF
83 GF Score
Price $28.53
GF Value $20.08
! 1 Warning Sign
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What is Chugoku Marine Paints Cyclically Adjusted PB Ratio?

Chugoku Marine Paints CUGKF 83 Cyclically Adjusted PB Ratio is 2.45 as of Jul. 15, 2026, which is 125% above its 10-year median of 1.09. GuruFocus rates CUGKF with a GF Score™ of 83/100 and a GF Value™ of $20.08. The stock has 1 warning sign investors should review. Among 1,285 Chemicals companies, Chugoku Marine Paints ranks worse than 65.14% on this metric.

As of today (2026-07-15), Chugoku Marine Paints's current share price is $28.53. Chugoku Marine Paints's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $11.65. Chugoku Marine Paints's Cyclically Adjusted PB Ratio for today is 2.45.

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

CUGKF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.09   Max: 3.68
Current: 2.66

During the past years, Chugoku Marine Paints's highest Cyclically Adjusted PB Ratio was 3.68. The lowest was 0.72. And the median was 1.09.

CUGKF's Cyclically Adjusted PB Ratio is ranked worse than
65.14% of 1285 companies
in the Chemicals industry
Industry Median: 1.7 vs CUGKF: 2.66

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.

Chugoku Marine Paints's adjusted book value per share data for the three months ended in Mar. 2026 was $12.127. 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 $11.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chugoku Marine Paints  (OTCPK:CUGKF) 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.


Chugoku Marine Paints Cyclically Adjusted PB Ratio Related Terms


Chugoku Marine Paints Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chugoku Marine Paints'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.

Chugoku Marine Paints Cyclically Adjusted PB Ratio Chart

Chugoku Marine Paints 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 0.87 0.99 1.95 1.67 2.45

Chugoku Marine Paints 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 1.67 2.12 2.77 3.35 2.45

CUGKF vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Chugoku Marine Paints'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.


Chugoku Marine Paints Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chugoku Marine Paints's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Chugoku Marine Paints's Cyclically Adjusted PB Ratio falls into.


CUGKF
83GF Score
Chugoku Marine Paints Ltd CUGKF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Chugoku Marine Paints 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.

Chugoku Marine Paints's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.53/11.65
=2.45

* 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.

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

For example, Chugoku Marine Paints'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)
=12.127/112.7000*112.7000
=12.127

Current CPI (Mar. 2026) = 112.7000.

Chugoku Marine Paints Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.059 98.100 11.556
201609 10.024 98.000 11.528
201612 8.876 98.400 10.166
201703 9.809 98.100 11.269
201706 9.890 98.500 11.316
201709 10.091 98.800 11.511
201712 10.113 99.400 11.466
201803 10.814 99.200 12.286
201806 9.975 99.200 11.332
201809 9.819 99.900 11.077
201812 9.608 99.700 10.861
201903 9.393 99.700 10.618
201906 9.508 99.800 10.737
201909 9.512 100.100 10.709
201912 9.250 100.500 10.373
202003 9.280 100.300 10.427
202006 9.124 99.900 10.293
202009 9.538 99.900 10.760
202012 10.088 99.300 11.449
202103 9.660 99.900 10.898
202106 9.926 99.500 11.243
202109 9.856 100.100 11.097
202112 9.307 100.100 10.479
202203 9.186 101.100 10.240
202206 8.128 101.800 8.998
202209 7.905 103.100 8.641
202212 8.668 104.100 9.384
202303 8.783 104.400 9.481
202306 8.571 105.200 9.182
202309 8.979 106.200 9.529
202312 9.596 106.800 10.126
202403 9.495 107.200 9.982
202406 9.688 108.200 10.091
202409 11.450 108.900 11.850
202412 10.265 110.700 10.450
202503 11.303 111.100 11.466
202506 11.302 111.700 11.403
202509 11.669 112.000 11.742
202512 11.427 113.000 11.397
202603 12.127 112.700 12.127

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 2.45 mean?
Chugoku Marine Paints (CUGKF) has a Cyclically Adjusted PB Ratio of 2.45 as of Jul. 15, 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 Chugoku Marine Paints and its competitors. This is 125% above median its historical median of 1.09. Over the past decade, Chugoku Marine Paints' Cyclically Adjusted PB Ratio has ranged from 0.72 to 3.68. According to the industry distribution chart, Chugoku Marine Paints ranks #837 out of 1285 companies in the Chemicals industry, placing it in the top 65.1%.
Is Chugoku Marine Paints' Cyclically Adjusted PB Ratio too high?
Chugoku Marine Paints' current Cyclically Adjusted PB Ratio of 2.45 is 125% above median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 3.68. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.70. Chugoku Marine Paints' value of 2.45 is 44.1% above this industry median. Based on the distribution chart, Chugoku Marine Paints ranks #837 out of 1285 companies in the Chemicals industry, which is below the industry midpoint. Overall, Chugoku Marine Paints has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Chugoku Marine Paints' Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Chugoku Marine Paints ranks #837 out of 1285 companies for Cyclically Adjusted PB Ratio. This places Chugoku Marine Paints in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.70. Chugoku Marine Paints' value of 2.45 is 44.1% above this benchmark. Historically, Chugoku Marine Paints' own Cyclically Adjusted PB Ratio has ranged from 0.72 to 3.68 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 1.70, Chugoku Marine Paints 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.70, based on 1,285 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. Chugoku Marine Paints's current Cyclically Adjusted PB Ratio of 2.45 is 44.1% 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 Chugoku Marine Paints and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chugoku Marine Paints's current Cyclically Adjusted PB Ratio is 2.45, which is 125% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chugoku Marine Paints stock overvalued right now?
Chugoku Marine Paints (CUGKF) has a current Cyclically Adjusted PB Ratio of 2.45. The stock's GF Value™ is $20.08, compared to a current price of $28.53 — trading 42.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.45, which is 125% above median its 10-year median of 1.09 and 44.1% above the Chemicals industry median of 1.70. Chugoku Marine Paints' overall GF Score™ is 83/100 with 1 warning sign 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 Chugoku Marine Paints (CUGKF), the current Cyclically Adjusted PB Ratio is 2.45 as of Jul. 15, 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 Chugoku Marine Paints (CUGKF) Overvalued in 2026?

Based on GuruFocus' analysis, Chugoku Marine Paints stock appears to be overvalued. The current stock price of $28.53 is trading 42.1% above its estimated GF Value™ of $20.08.

Key valuation signals for CUGKF:

  • Cyclically Adjusted PB Ratio: 2.45 (125% above median its 10-year median of 1.09)
  • GF Value™: $20.08 vs. price of $28.53 (42.1% above fair value)
  • GF Score™: 83/100 with 1 warning sign
  • Industry Position: 44.1% above the Chemicals median (#837 of 1285)

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


Chugoku Marine Paints Business Description

Other Exchanges 4617:Japan
Address 3-6-6 Kasumigaseki, Tokyo Club Building, Chiyoda-ku, Tokyo, JPN, 100-0013
Chugoku Marine Paints Ltd is a Japanese paint manufacturing firm. The company engages in manufacturing and marketing a variety of paints and coating materials which include marine paints, industrial paints, and container paints. Its products are used for various industry applications such as anti-fouling and epoxy paint for ships, caulking material for railways, and UV curable paint for plastics. It also undertakes painting contracts and serves a wide range of client base from across the world.
83GF Score

Get the complete analysis for CUGKF

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

$28.53
Price
$20.08
GF Value