Nisshin Oillio Group (FRA:8WC) Cyclically Adjusted PB Ratio: 1.09 (As of Jul. 27, 2026) — 17% Above Median

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:8WC Nisshin Oillio Group Ltd FRA:8WC
69 GF Score
Price €10.10
GF Value €9.48
! 7 Warning Signs
View Full Analysis

What is Nisshin Oillio Group Cyclically Adjusted PB Ratio?

Nisshin Oillio Group FRA:8WC -1.94% 69 Cyclically Adjusted PB Ratio is 1.09 as of Jul. 27, 2026, which is 17% above its 10-year median of 0.93. GuruFocus rates FRA:8WC with a GF Score™ of 69/100 and a GF Value™ of €9.48. The stock has 7 warning signs investors should review. Among 1,440 Consumer Packaged Goods companies, Nisshin Oillio Group ranks better than 53.96% on this metric.

As of today (2026-07-27), Nisshin Oillio Group's current share price is €10.10. Nisshin Oillio Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €9.24. Nisshin Oillio Group's Cyclically Adjusted PB Ratio for today is 1.09.

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

FRA:8WC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 0.93   Max: 1.19
Current: 1.13

During the past years, Nisshin Oillio Group's highest Cyclically Adjusted PB Ratio was 1.19. The lowest was 0.72. And the median was 0.93.

FRA:8WC's Cyclically Adjusted PB Ratio is ranked better than
53.96% of 1440 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs FRA:8WC: 1.13

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.

Nisshin Oillio Group's adjusted book value per share data for the three months ended in Mar. 2026 was €12.528. 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 €9.24 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nisshin Oillio Group  (FRA:8WC) 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.


Nisshin Oillio Group Cyclically Adjusted PB Ratio Related Terms


Nisshin Oillio Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nisshin Oillio Group'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.

Nisshin Oillio Group Cyclically Adjusted PB Ratio Chart

Nisshin Oillio Group 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 0.72 0.77 1.14 0.99 1.10

Nisshin Oillio Group 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 0.99 0.99 1.04 1.02 1.10

FRA:8WC vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Nisshin Oillio Group'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.


Nisshin Oillio Group Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nisshin Oillio Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:8WC
69GF Score
Nisshin Oillio Group Ltd FRA:8WC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nisshin Oillio Group 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.

Nisshin Oillio Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.10/9.24
=1.09

* 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.

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

For example, Nisshin Oillio Group'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)
=12.528/112.7000*112.7000
=12.528

Current CPI (Mar. 2026) = 112.7000.

Nisshin Oillio Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.820 98.100 11.281
201609 10.297 98.000 11.842
201612 9.918 98.400 11.359
201703 10.235 98.100 11.758
201706 10.216 98.500 11.689
201709 9.812 98.800 11.192
201712 9.915 99.400 11.242
201803 9.949 99.200 11.303
201806 10.276 99.200 11.674
201809 10.431 99.900 11.768
201812 10.656 99.700 12.045
201903 10.851 99.700 12.266
201906 11.156 99.800 12.598
201909 11.634 100.100 13.098
201912 11.619 100.500 13.029
202003 11.705 100.300 13.152
202006 11.659 99.900 13.153
202009 11.563 99.900 13.045
202012 11.663 99.300 13.237
202103 11.570 99.900 13.052
202106 11.829 99.500 13.398
202109 12.483 100.100 14.054
202112 12.614 100.100 14.202
202203 12.304 101.100 13.716
202206 11.847 101.800 13.115
202209 12.111 103.100 13.239
202212 11.468 104.100 12.415
202303 11.682 104.400 12.611
202306 11.450 105.200 12.266
202309 11.323 106.200 12.016
202312 11.437 106.800 12.069
202403 11.533 107.200 12.125
202406 11.279 108.200 11.748
202409 11.930 108.900 12.346
202412 12.137 110.700 12.356
202503 11.941 111.100 12.113
202506 12.471 111.700 12.583
202509 12.311 112.000 12.388
202512 12.168 113.000 12.136
202603 12.528 112.700 12.528

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 1.09 mean?
Nisshin Oillio Group (FRA:8WC) has a Cyclically Adjusted PB Ratio of 1.09 as of Jul. 27, 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 Nisshin Oillio Group and its competitors. This is 17% above median its historical median of 0.93. Over the past decade, Nisshin Oillio Group's Cyclically Adjusted PB Ratio has ranged from 0.72 to 1.19. According to the industry distribution chart, Nisshin Oillio Group ranks #663 out of 1440 companies in the Consumer Packaged Goods industry, placing it in the top 46%.
Is Nisshin Oillio Group's Cyclically Adjusted PB Ratio too high?
Nisshin Oillio Group's current Cyclically Adjusted PB Ratio of 1.09 is 17% above median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.19. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Nisshin Oillio Group's value of 1.09 is 12.8% below this industry median. Based on the distribution chart, Nisshin Oillio Group ranks #663 out of 1440 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Nisshin Oillio Group has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Nisshin Oillio Group's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Nisshin Oillio Group ranks #663 out of 1440 companies for Cyclically Adjusted PB Ratio. This puts Nisshin Oillio Group in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Nisshin Oillio Group's value of 1.09 is 12.8% below this benchmark. Historically, Nisshin Oillio Group's own Cyclically Adjusted PB Ratio has ranged from 0.72 to 1.19 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 1.25, Nisshin Oillio Group 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,440 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. Nisshin Oillio Group's current Cyclically Adjusted PB Ratio of 1.09 is 12.8% 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 Nisshin Oillio Group and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nisshin Oillio Group's current Cyclically Adjusted PB Ratio is 1.09, which is 17% above median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nisshin Oillio Group stock overvalued right now?
Nisshin Oillio Group (FRA:8WC) has a current Cyclically Adjusted PB Ratio of 1.09. The stock's GF Value™ is €9.48, compared to a current price of €10.10 — trading 6.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.09, which is 17% above median its 10-year median of 0.93 and 12.8% below the Consumer Packaged Goods industry median of 1.25. Nisshin Oillio Group's overall GF Score™ is 69/100 with 7 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 Nisshin Oillio Group (FRA:8WC), the current Cyclically Adjusted PB Ratio is 1.09 as of Jul. 27, 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 Nisshin Oillio Group (FRA:8WC) Overvalued in 2026?

Based on GuruFocus' analysis, Nisshin Oillio Group stock appears to be overvalued. The current stock price of €10.10 is trading 6.5% above its estimated GF Value™ of €9.48.

Key valuation signals for FRA:8WC:

  • Cyclically Adjusted PB Ratio: 1.09 (17% above median its 10-year median of 0.93)
  • GF Value™: €9.48 vs. price of €10.10 (6.5% above fair value)
  • GF Score™: 69/100 with 7 warning signs
  • Industry Position: 12.8% below the Consumer Packaged Goods median (#663 of 1440)

No single metric tells the full story. See the FRA:8WC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nisshin Oillio Group Business Description

Other Exchanges 2602:Japan
Address 1-23-1, Shinkawa, Chuo-ku, Tokyo, JPN, 104-8285
Nisshin Oillio Group Ltd is a Japanese company engaged in the manufacture of oil products. The company operates five reporting segments. The oils and meals business produces edible oils for household, commercial use, and food processing. The processed oils and fats business manufactures processed oil and fat products. The healthy foods business supplies dressings and healthcare products. The fine chemicals business provides raw materials for cosmetics, food ingredients, and chemical products. Finally the soy foods and materials business produces soy food ingredients and soy protein. The oils and meals business accounts for more than half of group revenue.
69GF Score

Get the complete analysis for FRA:8WC

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

€10.10
Price
€9.48
GF Value