Nippon Thompson Co (FRA:DO9) Cyclically Adjusted PB Ratio: (As of Aug. 28, 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:DO9 Nippon Thompson Co Ltd FRA:DO9
55 GF Score
Price €9.33
GF Value €3.55
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nippon Thompson Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Thompson Co  (FRA:DO9) 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.


Nippon Thompson Co Cyclically Adjusted PB Ratio Related Terms


Nippon Thompson Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Thompson 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.

Nippon Thompson Co Cyclically Adjusted PB Ratio Chart

Nippon Thompson 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 0.65 0.66 0.70 0.50 0.84

Nippon Thompson Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.54 0.69 0.81 0.84 0.00

FRA:DO9 vs SNA, RBC, SWK: Cyclically Adjusted PB Ratio Comparison

For the Tools & Accessories subindustry, Nippon Thompson 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.


Nippon Thompson Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nippon Thompson Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:DO9
55GF Score
Nippon Thompson Co Ltd FRA:DO9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Thompson 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.

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

For example, Nippon Thompson 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)
=6.498/112.7000*112.7000
=6.498

Current CPI (Mar. 2026) = 112.7000.

Nippon Thompson Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.529 98.100 7.501
201609 6.674 98.000 7.675
201612 6.502 98.400 7.447
201703 6.711 98.100 7.710
201706 6.589 98.500 7.539
201709 6.342 98.800 7.234
201712 6.324 99.400 7.170
201803 6.342 99.200 7.205
201806 6.467 99.200 7.347
201809 6.528 99.900 7.364
201812 6.460 99.700 7.302
201903 6.679 99.700 7.550
201906 6.821 99.800 7.703
201909 7.018 100.100 7.901
201912 6.876 100.500 7.711
202003 6.713 100.300 7.543
202006 6.604 99.900 7.450
202009 6.349 99.900 7.162
202012 6.301 99.300 7.151
202103 6.480 99.900 7.310
202106 6.413 99.500 7.264
202109 6.716 100.100 7.561
202112 6.904 100.100 7.773
202203 6.896 101.100 7.687
202206 6.629 101.800 7.339
202209 6.883 103.100 7.524
202212 6.852 104.100 7.418
202303 7.022 104.400 7.580
202306 6.846 105.200 7.334
202309 6.730 106.200 7.142
202312 6.755 106.800 7.128
202403 6.792 107.200 7.140
202406 6.584 108.200 6.858
202409 6.792 108.900 7.029
202412 6.854 110.700 6.978
202503 6.829 111.100 6.927
202506 6.617 111.700 6.676
202509 6.510 112.000 6.551
202512 6.340 113.000 6.323
202603 6.498 112.700 6.498

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.

Is Nippon Thompson Co (FRA:DO9) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Thompson Co stock appears to be overvalued. The current stock price of €9.33 is trading 162.8% above its estimated GF Value™ of €3.55. GuruFocus considers Nippon Thompson Co to be Significantly Overvalued.

Key valuation signals for FRA:DO9:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.55 vs. price of €9.33 (162.8% above fair value)
  • GF Score™: 55/100 with 2 warning signs

No single metric tells the full story. See the FRA:DO9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Thompson Co Business Description

Other Exchanges 6480:Japan
Address 19-19 Takanawa 2-chome Minato-ku, Minato-ku, Tokyo, JPN, 108-8586
Nippon Thompson Co Ltd is a Japanese manufacturer and seller of needle roller bearings, linear motion rolling guides, motion and mechatron series and machine components. The company has a business presence in Japan and other countries.
55GF Score

Get the complete analysis for FRA:DO9

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

€9.33
Price
€3.55
GF Value