Showangyo Co (FRA:NA1) Cyclically Adjusted PB Ratio: (As of Aug. 31, 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:NA1 Showa Sangyo Co Ltd FRA:NA1
61 GF Score
Price €18.61
GF Value €15.01
! 5 Warning Signs
View Full Analysis

What is Showangyo 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


Showangyo Co  (FRA:NA1) 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.


Showangyo Co Cyclically Adjusted PB Ratio Related Terms


Showangyo Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Showangyo 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.

Showangyo Co Cyclically Adjusted PB Ratio Chart

Showangyo 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 1.08 0.95 1.21 0.89 0.95

Showangyo 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 0.92 0.92 0.89 0.95 0.00

FRA:NA1 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Showangyo 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.


Showangyo Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


FRA:NA1
61GF Score
Showa Sangyo Co Ltd FRA:NA1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Showangyo 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.

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

For example, Showangyo 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)
=25.042/112.7000*112.7000
=25.042

Current CPI (Mar. 2026) = 112.7000.

Showangyo Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.154 98.100 20.856
201609 19.285 98.000 22.178
201612 18.582 98.400 21.282
201703 19.198 98.100 22.055
201706 18.983 98.500 21.720
201709 18.283 98.800 20.855
201712 18.484 99.400 20.957
201803 18.938 99.200 21.515
201806 19.613 99.200 22.282
201809 19.809 99.900 22.347
201812 20.272 99.700 22.915
201903 20.884 99.700 23.607
201906 21.734 99.800 24.543
201909 22.984 100.100 25.877
201912 23.051 100.500 25.849
202003 23.016 100.300 25.861
202006 23.095 99.900 26.054
202009 24.470 99.900 27.605
202012 24.390 99.300 27.681
202103 23.800 99.900 26.849
202106 23.206 99.500 26.285
202109 24.275 100.100 27.331
202112 24.399 100.100 27.470
202203 24.211 101.100 26.989
202206 22.523 101.800 24.935
202209 22.787 103.100 24.909
202212 22.787 104.100 24.669
202303 23.608 104.400 25.485
202306 22.738 105.200 24.359
202309 22.894 106.200 24.295
202312 23.627 106.800 24.932
202403 23.799 107.200 25.020
202406 23.799 108.200 24.789
202409 25.483 108.900 26.372
202412 25.654 110.700 26.117
202503 25.795 111.100 26.166
202506 25.176 111.700 25.401
202509 25.232 112.000 25.390
202512 24.542 113.000 24.477
202603 25.042 112.700 25.042

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.

Is Showangyo Co (FRA:NA1) Overvalued in 2026?

Based on GuruFocus' analysis, Showangyo Co stock appears to be overvalued. The current stock price of €18.61 is trading 24% above its estimated GF Value™ of €15.01.

Key valuation signals for FRA:NA1:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €15.01 vs. price of €18.61 (24% above fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the FRA:NA1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Showangyo Co Business Description

Other Exchanges 2004:Japan
Address Kamakuragashi Building, 2-2-1,Uchikanda, Chiyoda-ku, Tokyo, JPN, 101-8521
Showa Sangyo Co Ltd is a comprehensive food manufacturer that operates businesses in flour milling, vegetable oils, starches, sweeteners, and other food items. Based out of Asia, it processes imported raw materials to make seasonings, beverages, frozen foods, and other ready-to-eat products. The products are distributed to retailers and other wholesalers to help provide a diversified reach. Additional sources of income come from warehousing and real estate. It owns large silos to store grain for internal use and to supply other manufacturers. The real estate division develops commercial facilities and leases office buildings and acreage.
61GF Score

Get the complete analysis for FRA:NA1

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

€18.61
Price
€15.01
GF Value