Nissin (FRA:8P1) Cyclically Adjusted PB Ratio: 1.92 (As of Sep. 03, 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.
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.

FRA:8P1 Nissin Corp FRA:8P1
7 GF Score
Price €44.80
View Full Analysis

What is Nissin Cyclically Adjusted PB Ratio?

Nissin FRA:8P1 7 Cyclically Adjusted PB Ratio is 1.92 as of Sep. 03, 2026. GuruFocus rates FRA:8P1 with a GF Score™ of 7/100.

As of today (2026-09-03), Nissin's current share price is €44.795999. Nissin's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €23.33. Nissin's Cyclically Adjusted PB Ratio for today is 1.92.

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

FRA:8P1's Cyclically Adjusted PB Ratio is not ranked *
in the Transportation industry.
Industry Median: 1.28
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Nissin's adjusted book value per share data for the three months ended in Mar. 2025 was €36.495. 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 €23.33 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nissin  (FRA:8P1) 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.


Nissin Cyclically Adjusted PB Ratio Related Terms


Nissin Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nissin'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.

Nissin Cyclically Adjusted PB Ratio Chart

Nissin Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.61 0.69 0.86 1.24

Nissin Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 1.37 1.15 1.24 1.24 0.00

FRA:8P1 vs UPS, FDX, EXPD: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Nissin'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.


Nissin Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


FRA:8P1
7GF Score
Nissin Corp FRA:8P1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nissin 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.

Nissin's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.795999/23.33
=1.92

* 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.

Nissin's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Nissin's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=36.495/111.1000*111.1000
=36.495

Current CPI (Mar. 2025) = 111.1000.

Nissin Quarterly Data

Book Value per Share CPI Adj_Book
201506 18.677 98.400 21.088
201509 19.313 98.500 21.783
201512 19.814 98.100 22.440
201603 19.517 97.900 22.149
201606 20.333 98.100 23.027
201609 21.008 98.000 23.816
201612 20.409 98.400 23.043
201703 22.145 98.100 25.080
201706 22.069 98.500 24.892
201709 21.517 98.800 24.196
201712 22.022 99.400 24.614
201803 22.682 99.200 25.403
201806 23.094 99.200 25.864
201809 23.234 99.900 25.839
201812 23.504 99.700 26.192
201903 24.053 99.700 26.803
201906 24.597 99.800 27.382
201909 25.671 100.100 28.492
201912 25.719 100.500 28.432
202003 24.947 100.300 27.633
202006 24.590 99.900 27.347
202009 23.964 99.900 26.651
202012 23.895 99.300 26.734
202103 25.470 99.900 28.325
202106 25.131 99.500 28.061
202109 26.290 100.100 29.179
202112 27.251 100.100 30.246
202203 28.280 101.100 31.077
202206 27.431 101.800 29.937
202209 28.631 103.100 30.853
202212 28.791 104.100 30.727
202303 29.356 104.400 31.240
202306 28.935 105.200 30.558
202309 29.222 106.200 30.570
202312 29.319 106.800 30.499
202403 31.385 107.200 32.527
202406 34.733 108.200 35.664
202409 36.505 108.900 37.242
202412 37.027 110.700 37.161
202503 36.495 111.100 36.495

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 1.92 mean?
Nissin (FRA:8P1) has a Cyclically Adjusted PB Ratio of 1.92 as of Sep. 03, 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 Nissin and its competitors.
Is Nissin's Cyclically Adjusted PB Ratio too high?
Nissin's current Cyclically Adjusted PB Ratio is 1.92. The Transportation industry median Cyclically Adjusted PB Ratio is 1.28. Nissin's value of 1.92 is 50% above this industry median. Overall, Nissin has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Nissin's Cyclically Adjusted PB Ratio compare to UPS and FDX?
Nissin's Cyclically Adjusted PB Ratio of 1.92 can be compared against companies in the Transportation industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Nissin's value of 1.92 is 50% above this benchmark. 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.28, based on 698 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. Nissin's current Cyclically Adjusted PB Ratio of 1.92 is 50% 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 Nissin and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nissin's current Cyclically Adjusted PB Ratio is 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nissin stock overvalued right now?
Nissin (FRA:8P1) has a current Cyclically Adjusted PB Ratio of 1.92. The current Cyclically Adjusted PB Ratio is 1.92 and 50% above the Transportation industry median of 1.28. Nissin's overall GF Score™ is 7/100. 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 Nissin (FRA:8P1), the current Cyclically Adjusted PB Ratio is 1.92 as of Sep. 03, 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.

Nissin Business Description

Address 84 6-chome, Naka, JPN
Nissin Corp is engaged in the travel and logistics business. The company operates through three segments namely Logistics, Travel service and Real estate. Its Logistics segment provides international transportation, international logistics, and air cargo transportation. The Travel service segment is involved in the tourism business. Its Real estate segment includes the development of commercial buildings and sites and leasing of real estate.
7GF Score

Get the complete analysis for FRA:8P1

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

€44.80
Price