ESALF (Eisai Co) Cyclically Adjusted PB Ratio: 1.48 (As of Jul. 08, 2026) — 58% Below Median


ESALF Eisai Co Ltd ESALF
69 GF Score
Price $25.00
GF Value $35.00
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Eisai Co Cyclically Adjusted PB Ratio?

Eisai Co ESALF 69 Cyclically Adjusted PB Ratio is 1.48 as of Jul. 08, 2026, which is 58% below its 10-year median of 3.51. GuruFocus rates ESALF with a GF Score™ of 69/100 and a GF Value™ of $35.00 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 760 Drug Manufacturers companies, Eisai Co ranks better than 57.63% on this metric.

As of today (2026-07-08), Eisai Co's current share price is $25.00. Eisai Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $16.94. Eisai Co's Cyclically Adjusted PB Ratio for today is 1.48.

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

ESALF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.34   Med: 3.51   Max: 6.28
Current: 1.55

During the past years, Eisai Co's highest Cyclically Adjusted PB Ratio was 6.28. The lowest was 1.34. And the median was 3.51.

ESALF's Cyclically Adjusted PB Ratio is ranked better than
57.63% of 760 companies
in the Drug Manufacturers industry
Industry Median: 1.85 vs ESALF: 1.55

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.

Eisai Co's adjusted book value per share data for the three months ended in Mar. 2026 was $20.098. 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 $16.94 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eisai Co  (OTCPK:ESALF) 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.


Eisai Co Cyclically Adjusted PB Ratio Related Terms


Eisai Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eisai 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.

Eisai Co Cyclically Adjusted PB Ratio Chart

Eisai 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 2.68 3.26 2.52 1.57 1.77

Eisai 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 1.57 1.55 1.85 1.70 1.77

ESALF vs ZTS, UTHR: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Eisai 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.


Eisai Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Eisai Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ESALF
69GF Score
Eisai Co Ltd ESALF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Eisai 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.00/16.94
=1.48

* 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.

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

For example, Eisai 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)
=20.098/112.7000*112.7000
=20.098

Current CPI (Mar. 2026) = 112.7000.

Eisai Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.123 98.100 20.820
201609 18.818 98.000 21.641
201612 17.894 98.400 20.494
201703 18.098 98.100 20.791
201706 18.162 98.500 20.780
201709 18.700 98.800 21.331
201712 18.274 99.400 20.719
201803 19.553 99.200 22.214
201806 18.889 99.200 21.460
201809 19.605 99.900 22.117
201812 18.672 99.700 21.107
201903 19.728 99.700 22.300
201906 19.634 99.800 22.172
201909 19.790 100.100 22.281
201912 20.624 100.500 23.128
202003 21.978 100.300 24.695
202006 22.013 99.900 24.833
202009 22.413 99.900 25.285
202012 22.598 99.300 25.647
202103 22.516 99.900 25.401
202106 22.892 99.500 25.929
202109 23.127 100.100 26.038
202112 22.517 100.100 25.351
202203 22.026 101.100 24.553
202206 20.948 101.800 23.191
202209 20.159 103.100 22.036
202212 20.011 104.100 21.664
202303 20.868 104.400 22.527
202306 20.840 105.200 22.326
202309 20.322 106.200 21.566
202312 19.830 106.800 20.925
202403 20.378 107.200 21.424
202406 19.874 108.200 20.701
202409 20.338 108.900 21.048
202412 20.143 110.700 20.507
202503 20.025 111.100 20.313
202506 20.342 111.700 20.524
202509 20.499 112.000 20.627
202512 20.242 113.000 20.188
202603 20.098 112.700 20.098

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 1.48 mean?
Eisai Co (ESALF) has a Cyclically Adjusted PB Ratio of 1.48 as of Jul. 08, 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 Eisai Co and its competitors. This is 58% below median its historical median of 3.51. Over the past decade, Eisai Co's Cyclically Adjusted PB Ratio has ranged from 1.34 to 6.28. According to the industry distribution chart, Eisai Co ranks #322 out of 760 companies in the Drug Manufacturers industry, placing it in the top 42.4%.
Is Eisai Co's Cyclically Adjusted PB Ratio too high?
Eisai Co's current Cyclically Adjusted PB Ratio of 1.48 is 58% below median its 10-year median of 3.51. Over the past 10 years, this metric has ranged from a low of 1.34 to a high of 6.28. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.85. Eisai Co's value of 1.48 is 20% below this industry median. Based on the distribution chart, Eisai Co ranks #322 out of 760 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Eisai Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eisai Co's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Eisai Co ranks #322 out of 760 companies for Cyclically Adjusted PB Ratio. This puts Eisai Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Eisai Co's value of 1.48 is 20% below this benchmark. Historically, Eisai Co's own Cyclically Adjusted PB Ratio has ranged from 1.34 to 6.28 over the past decade. While the company's 10-year median is 3.51 vs. the industry median of 1.85, Eisai 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.85, based on 760 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. Eisai Co's current Cyclically Adjusted PB Ratio of 1.48 is 20% 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 Eisai Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eisai Co's current Cyclically Adjusted PB Ratio is 1.48, which is 58% below median its own 10-year median of 3.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eisai Co stock overvalued right now?
Based on GuruFocus' analysis, Eisai Co (ESALF) is currently considered Modestly Undervalued. The stock's GF Value™ is $35.00, compared to a current price of $25.00 — trading 28.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.48, which is 58% below median its 10-year median of 3.51 and 20% below the Drug Manufacturers industry median of 1.85. Eisai Co's overall GF Score™ is 69/100 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 Eisai Co (ESALF), the current Cyclically Adjusted PB Ratio is 1.48 as of Jul. 08, 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 Eisai Co (ESALF) Overvalued in 2026?

Based on GuruFocus' analysis, Eisai Co stock appears to be undervalued. The current stock price of $25.00 is trading 28.6% below its estimated GF Value™ of $35.00. GuruFocus considers Eisai Co to be Modestly Undervalued.

Key valuation signals for ESALF:

  • Cyclically Adjusted PB Ratio: 1.48 (58% below median its 10-year median of 3.51)
  • GF Value™: $35.00 vs. price of $25.00 (28.6% below fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 20% below the Drug Manufacturers median (#322 of 760)

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


Eisai Co Business Description

Address 4-6-10 Koishikawa, Bunkyo-ku, Tokyo, JPN, 112-8088
Eisai Co Ltd is a specialty and generic drug manufacturing company. The company's business consists of research and development, manufacturing, sales, import, and export of pharmaceuticals. The pharmaceutical business is categorized by region, including East Asia & Global South; Europe, Middle East, Africa, Russia, Oceania (EMEA); Americas; China; and Japan. The company also reports a consumer healthcare business for Japan. The vast majority of the company's revenue is derived from its American pharmaceutical business, followed by its Japanese pharmaceuticals segment. The company utilizes licensing strategies in order to expand its research, development, manufacturing, and marketing capabilities.
69GF Score

Get the complete analysis for ESALF

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

$25.00
Price
$35.00
GF Value