DENKF (Denka Co) Cyclically Adjusted PB Ratio: 1.60 (As of Jul. 20, 2026) — 24% Above Median

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DENKF Denka Co Ltd DENKF
67 GF Score
Price $28.00
GF Value $12.16
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Denka Co Cyclically Adjusted PB Ratio?

Denka Co DENKF 67 Cyclically Adjusted PB Ratio is 1.60 as of Jul. 20, 2026, which is 24% above its 10-year median of 1.29. GuruFocus rates DENKF with a GF Score™ of 67/100 and a GF Value™ of $12.16 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,278 Chemicals companies, Denka Co ranks better than 66.98% on this metric.

As of today (2026-07-20), Denka Co's current share price is $28.00. Denka Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $17.51. Denka Co's Cyclically Adjusted PB Ratio for today is 1.60.

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

DENKF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.29   Max: 2.29
Current: 1.06

During the past years, Denka Co's highest Cyclically Adjusted PB Ratio was 2.29. The lowest was 0.58. And the median was 1.29.

DENKF's Cyclically Adjusted PB Ratio is ranked better than
66.98% of 1278 companies
in the Chemicals industry
Industry Median: 1.665 vs DENKF: 1.06

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.

Denka Co's adjusted book value per share data for the three months ended in Mar. 2026 was $22.715. 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 $17.51 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Denka Co  (OTCPK:DENKF) 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.


Denka Co Cyclically Adjusted PB Ratio Related Terms


Denka Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Denka 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.

Denka Co Cyclically Adjusted PB Ratio Chart

Denka 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 1.31 0.97 0.77 0.66 1.04

Denka Co 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 0.66 0.60 0.69 0.81 1.04

DENKF vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Denka 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.


Denka Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


DENKF
67GF Score
Denka Co Ltd DENKF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Denka 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.00/17.51
=1.60

* 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.

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

For example, Denka 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)
=22.715/112.7000*112.7000
=22.715

Current CPI (Mar. 2026) = 112.7000.

Denka Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 21.803 98.100 25.048
201609 22.776 98.000 26.192
201612 20.657 98.400 23.659
201703 22.374 98.100 25.704
201706 23.026 98.500 26.345
201709 23.806 98.800 27.155
201712 23.826 99.400 27.014
201803 25.724 99.200 29.225
201806 24.844 99.200 28.225
201809 24.964 99.900 28.163
201812 24.998 99.700 28.258
201903 25.544 99.700 28.875
201906 26.109 99.800 29.484
201909 26.642 100.100 29.996
201912 26.540 100.500 29.762
202003 26.999 100.300 30.337
202006 27.010 99.900 30.471
202009 28.199 99.900 31.812
202012 29.058 99.300 32.979
202103 28.536 99.900 32.192
202106 28.541 99.500 32.327
202109 29.907 100.100 33.672
202112 28.833 100.100 32.462
202203 28.212 101.100 31.449
202206 25.063 101.800 27.747
202209 24.792 103.100 27.100
202212 25.774 104.100 27.903
202303 25.723 104.400 27.768
202306 24.687 105.200 26.447
202309 24.521 106.200 26.022
202312 24.739 106.800 26.106
202403 23.820 107.200 25.042
202406 22.920 108.200 23.873
202409 25.697 108.900 26.594
202412 22.886 110.700 23.299
202503 23.058 111.100 23.390
202506 23.567 111.700 23.778
202509 22.993 112.000 23.137
202512 22.037 113.000 21.978
202603 22.715 112.700 22.715

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 1.60 mean?
Denka Co (DENKF) has a Cyclically Adjusted PB Ratio of 1.60 as of Jul. 20, 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 Denka Co and its competitors. This is 24% above median its historical median of 1.29. Over the past decade, Denka Co's Cyclically Adjusted PB Ratio has ranged from 0.58 to 2.29. According to the industry distribution chart, Denka Co ranks #422 out of 1278 companies in the Chemicals industry, placing it in the top 33%.
Is Denka Co's Cyclically Adjusted PB Ratio too high?
Denka Co's current Cyclically Adjusted PB Ratio of 1.60 is 24% above median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 2.29. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Denka Co's value of 1.60 is 3.9% below this industry median. Based on the distribution chart, Denka Co ranks #422 out of 1278 companies in the Chemicals industry, which is above the industry midpoint. Overall, Denka Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Denka Co's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Denka Co ranks #422 out of 1278 companies for Cyclically Adjusted PB Ratio. This puts Denka Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Denka Co's value of 1.60 is 3.9% below this benchmark. Historically, Denka Co's own Cyclically Adjusted PB Ratio has ranged from 0.58 to 2.29 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 1.67, Denka Co 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 a Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,278 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. Denka Co's current Cyclically Adjusted PB Ratio of 1.60 is 3.9% 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 Denka Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Denka Co's current Cyclically Adjusted PB Ratio is 1.60, which is 24% above median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Denka Co stock overvalued right now?
Based on GuruFocus' analysis, Denka Co (DENKF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.16, compared to a current price of $28.00 — trading 130.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.60, which is 24% above median its 10-year median of 1.29 and 3.9% below the Chemicals industry median of 1.67. Denka Co's overall GF Score™ is 67/100 with 6 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 Denka Co (DENKF), the current Cyclically Adjusted PB Ratio is 1.60 as of Jul. 20, 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 Denka Co (DENKF) Overvalued in 2026?

Based on GuruFocus' analysis, Denka Co stock appears to be overvalued. The current stock price of $28.00 is trading 130.3% above its estimated GF Value™ of $12.16. GuruFocus considers Denka Co to be Significantly Overvalued.

Key valuation signals for DENKF:

  • Cyclically Adjusted PB Ratio: 1.60 (24% above median its 10-year median of 1.29)
  • GF Value™: $12.16 vs. price of $28.00 (130.3% above fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 3.9% below the Chemicals median (#422 of 1278)

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


Denka Co Business Description

Other Exchanges 4061:JapanDIK:Germany
Address Nihonbashi Mitsui Tower, 1-1, Nihonbashi-Muromachi, 2-Chome Chuo-ku, Tokyo, JPN, 103-8338
Denka Co Ltd manufactures and sells chemicals, plastics, and chemical-based products. The firm organizes itself into four segments based on product type. The elastomers and performance plastics segment, which generates more revenue than any other segment, sells rubber products used by the automotive industry and plastics used to manufacture electronics including televisions. The infrastructure and social solutions segment sells cement and fertilizer to the construction and building industries. The electronics and innovative products segment sells film, and resins used by the electronics industry. The life science and environment products segment sells housing materials including rain gutters, plastic food packaging materials, and industrial materials including electrical tape.
67GF Score

Get the complete analysis for DENKF

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

$28.00
Price
$12.16
GF Value