Dai Nippon Printing Co (FRA:DNP) Cyclically Adjusted PB Ratio: 1.41 (As of Jul. 26, 2026) — 68% Above Median

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FRA:DNP Dai Nippon Printing Co Ltd FRA:DNP
80 GF Score
Price €16.50
GF Value €15.18
Valuation Fairly Valued
! 4 Warning Signs
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What is Dai Nippon Printing Co Cyclically Adjusted PB Ratio?

Dai Nippon Printing Co FRA:DNP -1.20% 80 Cyclically Adjusted PB Ratio is 1.41 as of Jul. 26, 2026, which is 68% above its 10-year median of 0.84. GuruFocus rates FRA:DNP with a GF Score™ of 80/100 and a GF Value™ of €15.18 (Fairly Valued). The stock has 4 warning signs investors should review. Among 474 Conglomerates companies, Dai Nippon Printing Co ranks worse than 61.81% on this metric.

As of today (2026-07-26), Dai Nippon Printing Co's current share price is €16.50. Dai Nippon Printing Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €11.73. Dai Nippon Printing Co's Cyclically Adjusted PB Ratio for today is 1.41.

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

FRA:DNP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.84   Max: 1.51
Current: 1.45

During the past years, Dai Nippon Printing Co's highest Cyclically Adjusted PB Ratio was 1.51. The lowest was 0.55. And the median was 0.84.

FRA:DNP's Cyclically Adjusted PB Ratio is ranked worse than
61.81% of 474 companies
in the Conglomerates industry
Industry Median: 1.02 vs FRA:DNP: 1.45

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.

Dai Nippon Printing Co's adjusted book value per share data for the three months ended in Mar. 2026 was €15.042. 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 €11.73 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dai Nippon Printing Co  (FRA:DNP) 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.


Dai Nippon Printing Co Cyclically Adjusted PB Ratio Related Terms


Dai Nippon Printing Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dai Nippon Printing 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.

Dai Nippon Printing Co Cyclically Adjusted PB Ratio Chart

Dai Nippon Printing 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 0.85 1.02 1.22 1.03 1.30

Dai Nippon Printing 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 1.03 1.05 1.19 1.25 1.30

FRA:DNP vs HON, MMM: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Dai Nippon Printing 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.


Dai Nippon Printing Co Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Dai Nippon Printing Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:DNP
80GF Score
Dai Nippon Printing Co Ltd FRA:DNP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dai Nippon Printing 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.

Dai Nippon Printing Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.50/11.73
=1.41

* 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.

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

For example, Dai Nippon Printing 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)
=15.042/112.7000*112.7000
=15.042

Current CPI (Mar. 2026) = 112.7000.

Dai Nippon Printing Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.807 98.100 15.862
201609 14.079 98.000 16.191
201612 13.446 98.400 15.400
201703 13.916 98.100 15.987
201706 13.602 98.500 15.563
201709 12.826 98.800 14.630
201712 13.090 99.400 14.841
201803 13.359 99.200 15.177
201806 13.820 99.200 15.701
201809 14.127 99.900 15.937
201812 13.603 99.700 15.377
201903 13.140 99.700 14.853
201906 13.779 99.800 15.560
201909 14.257 100.100 16.052
201912 14.451 100.500 16.205
202003 13.703 100.300 15.397
202006 13.834 99.900 15.607
202009 13.792 99.900 15.559
202012 13.787 99.300 15.647
202103 14.361 99.900 16.201
202106 14.207 99.500 16.092
202109 15.461 100.100 17.407
202112 15.892 100.100 17.892
202203 15.537 101.100 17.320
202206 13.985 101.800 15.482
202209 14.247 103.100 15.574
202212 14.495 104.100 15.692
202303 14.529 104.400 15.684
202306 13.918 105.200 14.910
202309 13.887 106.200 14.737
202312 14.451 106.800 15.249
202403 14.941 107.200 15.708
202406 14.784 108.200 15.399
202409 16.125 108.900 16.688
202412 0.000 110.700 0.000
202503 15.606 111.100 15.831
202506 15.207 111.700 15.343
202509 14.757 112.000 14.849
202512 14.374 113.000 14.336
202603 15.042 112.700 15.042

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 1.41 mean?
Dai Nippon Printing Co (FRA:DNP) has a Cyclically Adjusted PB Ratio of 1.41 as of Jul. 26, 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 Dai Nippon Printing Co and its competitors. This is 68% above median its historical median of 0.84. Over the past decade, Dai Nippon Printing Co's Cyclically Adjusted PB Ratio has ranged from 0.55 to 1.51. According to the industry distribution chart, Dai Nippon Printing Co ranks #293 out of 474 companies in the Conglomerates industry, placing it in the top 61.8%.
Is Dai Nippon Printing Co's Cyclically Adjusted PB Ratio too high?
Dai Nippon Printing Co's current Cyclically Adjusted PB Ratio of 1.41 is 68% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.51. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. Dai Nippon Printing Co's value of 1.41 is 38.2% above this industry median. Based on the distribution chart, Dai Nippon Printing Co ranks #293 out of 474 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Dai Nippon Printing Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dai Nippon Printing Co's Cyclically Adjusted PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Dai Nippon Printing Co ranks #293 out of 474 companies for Cyclically Adjusted PB Ratio. This places Dai Nippon Printing Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. Dai Nippon Printing Co's value of 1.41 is 38.2% above this benchmark. Historically, Dai Nippon Printing Co's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 1.51 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 1.02, Dai Nippon Printing Co 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.02, based on 474 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. Dai Nippon Printing Co's current Cyclically Adjusted PB Ratio of 1.41 is 38.2% 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 Dai Nippon Printing Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dai Nippon Printing Co's current Cyclically Adjusted PB Ratio is 1.41, which is 68% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dai Nippon Printing Co stock overvalued right now?
Based on GuruFocus' analysis, Dai Nippon Printing Co (FRA:DNP) is currently considered Fairly Valued. The stock's GF Value™ is €15.18, compared to a current price of €16.50 — trading 8.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.41, which is 68% above median its 10-year median of 0.84 and 38.2% above the Conglomerates industry median of 1.02. Dai Nippon Printing Co's overall GF Score™ is 80/100 with 4 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 Dai Nippon Printing Co (FRA:DNP), the current Cyclically Adjusted PB Ratio is 1.41 as of Jul. 26, 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 Dai Nippon Printing Co (FRA:DNP) Overvalued in 2026?

Based on GuruFocus' analysis, Dai Nippon Printing Co stock appears to be overvalued. The current stock price of €16.50 is trading 8.7% above its estimated GF Value™ of €15.18. GuruFocus considers Dai Nippon Printing Co to be Fairly Valued.

Key valuation signals for FRA:DNP:

  • Cyclically Adjusted PB Ratio: 1.41 (68% above median its 10-year median of 0.84)
  • GF Value™: €15.18 vs. price of €16.50 (8.7% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 38.2% above the Conglomerates median (#293 of 474)

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


Dai Nippon Printing Co Business Description

Address 1-1-1 Ichigaya-Kagacho, Shinjuku-ku, Tokyo, JPN, 162-8001
Dai Nippon Printing Co Ltd operates in various business areas using its printing and information technologies. The company operates in the following segments: Life & Healthcare, Electronics, and Smart Communication. Its key revenue is derived from the Smart Communication segment, which includes the imaging communication business, focusing on photo printing, the Information Security business, providing business process outsourcing (BPO) and smart card services, and content & XR communication. The Life & Healthcare segment includes its mobility and industrial high-performance materials business, bulk pharmaceutical manufacturing and medical packaging, and the packaging, living spaces, and beverages businesses. Electronics focuses on functional films, display components, and others.
80GF Score

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

€16.50
Price
€15.18
GF Value