Nitto Boseki Co (FRA:NB5) Cyclically Adjusted PB Ratio: 0.86 (As of Jul. 30, 2026) — 139% 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:NB5 Nitto Boseki Co Ltd FRA:NB5
81 GF Score
Price €13.70
GF Value €8.06
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nitto Boseki Co Cyclically Adjusted PB Ratio?

Nitto Boseki Co FRA:NB5 -12.18% 81 Cyclically Adjusted PB Ratio is 0.86 as of Jul. 30, 2026, which is 139% above its 10-year median of 0.36. GuruFocus rates FRA:NB5 with a GF Score™ of 81/100 and a GF Value™ of €8.06 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 866 Manufacturing - Apparel & Accessories companies, Nitto Boseki Co ranks worse than 50.23% on this metric.

As of today (2026-07-30), Nitto Boseki Co's current share price is €13.70. Nitto Boseki Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was €15.86. Nitto Boseki Co's Cyclically Adjusted PB Ratio for today is 0.86.

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

FRA:NB5' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.36   Max: 2.07
Current: 0.98

During the past years, Nitto Boseki Co's highest Cyclically Adjusted PB Ratio was 2.07. The lowest was 0.16. And the median was 0.36.

FRA:NB5's Cyclically Adjusted PB Ratio is ranked worse than
50.23% of 866 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.965 vs FRA:NB5: 0.98

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.

Nitto Boseki Co's adjusted book value per share data for the three months ended in Dec. 2025 was €24.814. 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 €15.86 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nitto Boseki Co  (FRA:NB5) 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.


Nitto Boseki Co Cyclically Adjusted PB Ratio Related Terms


Nitto Boseki Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nitto Boseki 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.

Nitto Boseki Co Cyclically Adjusted PB Ratio Chart

Nitto Boseki 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 0.27 0.17 0.47 0.30 0.00

Nitto Boseki 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 0.30 0.43 0.46 0.69 0.00

Nitto Boseki Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Nitto Boseki 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.


Nitto Boseki Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitto Boseki Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:NB5
81GF Score
Nitto Boseki Co Ltd FRA:NB5
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nitto Boseki 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.

Nitto Boseki Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.70/15.86
=0.86

* 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.

Nitto Boseki Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Nitto Boseki Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=24.814/113.0000*113.0000
=24.814

Current CPI (Dec. 2025) = 113.0000.

Nitto Boseki Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 14.889 97.900 17.185
201606 15.168 98.100 17.472
201609 15.896 98.000 18.329
201612 20.607 98.400 23.665
201703 16.395 98.100 18.885
201706 16.408 98.500 18.823
201709 16.499 98.800 18.870
201712 16.649 99.400 18.927
201803 17.072 99.200 19.447
201806 17.290 99.200 19.695
201809 17.595 99.900 19.902
201812 17.663 99.700 20.019
201903 18.409 99.700 20.865
201906 18.695 99.800 21.168
201909 20.074 100.100 22.661
201912 19.894 100.500 22.368
202003 20.289 100.300 22.858
202006 20.653 99.900 23.361
202009 20.298 99.900 22.960
202012 19.816 99.300 22.550
202103 19.744 99.900 22.333
202106 19.390 99.500 22.021
202109 20.280 100.100 22.894
202112 20.683 100.100 23.348
202203 20.885 101.100 23.343
202206 20.266 101.800 22.496
202209 21.112 103.100 23.139
202212 21.237 104.100 23.053
202303 19.919 104.400 21.560
202306 18.829 105.200 20.225
202309 19.241 106.200 20.473
202312 19.621 106.800 20.760
202403 19.935 107.200 21.014
202406 19.644 108.200 20.515
202409 21.525 108.900 22.335
202412 21.230 110.700 21.671
202503 22.113 111.100 22.491
202506 21.092 111.700 21.337
202509 21.556 112.000 21.748
202512 24.814 113.000 24.814

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 0.86 mean?
Nitto Boseki Co (FRA:NB5) has a Cyclically Adjusted PB Ratio of 0.86 as of Jul. 30, 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 Nitto Boseki Co and its competitors. This is 139% above median its historical median of 0.36. Over the past decade, Nitto Boseki Co's Cyclically Adjusted PB Ratio has ranged from 0.16 to 2.07. According to the industry distribution chart, Nitto Boseki Co ranks #435 out of 866 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 50.2%.
Is Nitto Boseki Co's Cyclically Adjusted PB Ratio too high?
Nitto Boseki Co's current Cyclically Adjusted PB Ratio of 0.86 is 139% above median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 2.07. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.97. Nitto Boseki Co's value of 0.86 is 10.9% below this industry median. Based on the distribution chart, Nitto Boseki Co ranks #435 out of 866 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Nitto Boseki Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitto Boseki Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nitto Boseki Co ranks #435 out of 866 companies for Cyclically Adjusted PB Ratio. This places Nitto Boseki Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.97. Nitto Boseki Co's value of 0.86 is 10.9% below this benchmark. Historically, Nitto Boseki Co's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 2.07 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.97, Nitto Boseki Co 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.97, based on 866 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. Nitto Boseki Co's current Cyclically Adjusted PB Ratio of 0.86 is 10.9% 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 Nitto Boseki Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitto Boseki Co's current Cyclically Adjusted PB Ratio is 0.86, which is 139% above median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Boseki Co stock overvalued right now?
Based on GuruFocus' analysis, Nitto Boseki Co (FRA:NB5) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.06, compared to a current price of €13.70 — trading 70% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.86, which is 139% above median its 10-year median of 0.36 and 10.9% below the Manufacturing - Apparel & Accessories industry median of 0.97. Nitto Boseki Co's overall GF Score™ is 81/100 with 2 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 Nitto Boseki Co (FRA:NB5), the current Cyclically Adjusted PB Ratio is 0.86 as of Jul. 30, 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 Nitto Boseki Co (FRA:NB5) Overvalued in 2026?

Based on GuruFocus' analysis, Nitto Boseki Co stock appears to be overvalued. The current stock price of €13.70 is trading 70% above its estimated GF Value™ of €8.06. GuruFocus considers Nitto Boseki Co to be Significantly Overvalued.

Key valuation signals for FRA:NB5:

  • Cyclically Adjusted PB Ratio: 0.86 (139% above median its 10-year median of 0.36)
  • GF Value™: €8.06 vs. price of €13.70 (70% above fair value)
  • GF Score™: 81/100 with 2 warning signs
  • Industry Position: 10.9% below the Manufacturing - Apparel & Accessories median (#435 of 866)

No single metric tells the full story. See the FRA:NB5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nitto Boseki Co Business Description

Other Exchanges NBCLF:USA3110:Japan
Address 2-4-1, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-8489
Nitto Boseki Co Ltd is engaged in the textile business. It operates in six segments: Textiles Business engages in the manufacture and sales of textiles products (core-spun yarn, stretch products, interlining and other finished products, etc.); Glass Fiber Yam Business engages in the manufacture and sales of glass raw fiber products (yarn, roving, chopped strands, etc.); Glass Fiber Cloth Business engages in the manufacture and sales of glass fiber functional products (glass cloth, etc.); Glass Fiber for Industrial Materials Business engages in the manufacture and sales of glass fiber products for use in industrial materials and the manufacture and sales of glass wool products (for use in thermal insulation materials); Life Science Business; and Other segment.
81GF Score

Get the complete analysis for FRA:NB5

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

€13.70
Price
€8.06
GF Value