Nippon Paint Holdings Co (FRA:NI7) Cyclically Adjusted PB Ratio: 2.45 (As of Aug. 12, 2026) — 36% Below Median

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FRA:NI7 Nippon Paint Holdings Co Ltd FRA:NI7
82 GF Score
Price €6.60
GF Value €4.92
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Nippon Paint Holdings Co Cyclically Adjusted PB Ratio?

Nippon Paint Holdings Co FRA:NI7 +0.76% 82 Cyclically Adjusted PB Ratio is 2.45 as of Aug. 12, 2026, which is 36% below its 10-year median of 3.80. GuruFocus rates FRA:NI7 with a GF Score™ of 82/100 and a GF Value™ of €4.92 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,221 Chemicals companies, Nippon Paint Holdings Co ranks worse than 63.8% on this metric.

As of today (2026-08-12), Nippon Paint Holdings Co's current share price is €6.60. Nippon Paint Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €2.69. Nippon Paint Holdings Co's Cyclically Adjusted PB Ratio for today is 2.45.

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

FRA:NI7' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.02   Med: 3.8   Max: 11.47
Current: 2.47

During the past years, Nippon Paint Holdings Co's highest Cyclically Adjusted PB Ratio was 11.47. The lowest was 2.02. And the median was 3.80.

FRA:NI7's Cyclically Adjusted PB Ratio is ranked worse than
63.8% of 1221 companies
in the Chemicals industry
Industry Median: 1.66 vs FRA:NI7: 2.47

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.

Nippon Paint Holdings Co's adjusted book value per share data for the three months ended in Jun. 2026 was €4.656. 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 €2.69 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Paint Holdings Co  (FRA:NI7) 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 Paint Holdings Co Cyclically Adjusted PB Ratio Related Terms


Nippon Paint Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Paint Holdings 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 Paint Holdings Co Cyclically Adjusted PB Ratio Chart

Nippon Paint Holdings Co Annual Data
Trend Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.62 3.24 3.07 2.39 2.21

Nippon Paint Holdings 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 2.59 2.20 2.21 2.02 2.10

FRA:NI7 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Nippon Paint Holdings 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 Paint Holdings Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Paint Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:NI7
82GF Score
Nippon Paint Holdings Co Ltd FRA:NI7
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Paint Holdings 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 Paint Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.60/2.69
=2.45

* 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 Paint Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Nippon Paint Holdings Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.656/113.6000*113.6000
=4.656

Current CPI (Jun. 2026) = 113.6000.

Nippon Paint Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.360 98.000 2.736
201612 2.413 98.400 2.786
201703 2.392 98.100 2.770
201706 2.373 98.500 2.737
201709 2.296 98.800 2.640
201712 2.386 99.400 2.727
201803 2.326 99.200 2.664
201806 2.431 99.200 2.784
201809 2.425 99.900 2.758
201812 2.541 99.700 2.895
201903 2.618 99.700 2.983
201906 2.566 99.800 2.921
201909 2.771 100.100 3.145
201912 2.844 100.500 3.215
202003 2.604 100.300 2.949
202006 2.734 99.900 3.109
202009 2.692 99.900 3.061
202012 2.802 99.300 3.206
202103 2.976 99.900 3.384
202106 2.949 99.500 3.367
202109 3.033 100.100 3.442
202112 3.177 100.100 3.605
202203 3.492 101.100 3.924
202206 3.567 101.800 3.980
202209 3.688 103.100 4.064
202212 3.423 104.100 3.735
202303 3.551 104.400 3.864
202306 3.709 105.200 4.005
202309 3.718 106.200 3.977
202312 3.683 106.800 3.917
202403 3.765 107.200 3.990
202406 4.012 108.200 4.212
202409 3.911 108.900 4.080
202412 4.202 110.700 4.312
202503 3.930 111.100 4.018
202506 3.858 111.700 3.924
202509 3.949 112.000 4.005
202512 4.244 113.000 4.267
202603 4.471 112.700 4.507
202606 4.656 113.600 4.656

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 2.45 mean?
Nippon Paint Holdings Co (FRA:NI7) has a Cyclically Adjusted PB Ratio of 2.45 as of Aug. 12, 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 Nippon Paint Holdings Co and its competitors. This is 36% below median its historical median of 3.80. Over the past decade, Nippon Paint Holdings Co's Cyclically Adjusted PB Ratio has ranged from 2.02 to 11.47. According to the industry distribution chart, Nippon Paint Holdings Co ranks #779 out of 1221 companies in the Chemicals industry, placing it in the top 63.8%.
Is Nippon Paint Holdings Co's Cyclically Adjusted PB Ratio too high?
Nippon Paint Holdings Co's current Cyclically Adjusted PB Ratio of 2.45 is 36% below median its 10-year median of 3.80. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 11.47. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.66. Nippon Paint Holdings Co's value of 2.45 is 47.6% above this industry median. Based on the distribution chart, Nippon Paint Holdings Co ranks #779 out of 1221 companies in the Chemicals industry, which is below the industry midpoint. Overall, Nippon Paint Holdings Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Paint Holdings Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nippon Paint Holdings Co ranks #779 out of 1221 companies for Cyclically Adjusted PB Ratio. This places Nippon Paint Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.66. Nippon Paint Holdings Co's value of 2.45 is 47.6% above this benchmark. Historically, Nippon Paint Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 2.02 to 11.47 over the past decade. While the company's 10-year median is 3.80 vs. the industry median of 1.66, Nippon Paint Holdings 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.66, based on 1,221 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. Nippon Paint Holdings Co's current Cyclically Adjusted PB Ratio of 2.45 is 47.6% 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 Nippon Paint Holdings Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Paint Holdings Co's current Cyclically Adjusted PB Ratio is 2.45, which is 36% below median its own 10-year median of 3.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Paint Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Paint Holdings Co (FRA:NI7) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.92, compared to a current price of €6.60 — trading 34.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.45, which is 36% below median its 10-year median of 3.80 and 47.6% above the Chemicals industry median of 1.66. Nippon Paint Holdings Co's overall GF Score™ is 82/100 with 6 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 Nippon Paint Holdings Co (FRA:NI7), the current Cyclically Adjusted PB Ratio is 2.45 as of Aug. 12, 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 Nippon Paint Holdings Co (FRA:NI7) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Paint Holdings Co stock appears to be overvalued. The current stock price of €6.60 is trading 34.1% above its estimated GF Value™ of €4.92. GuruFocus considers Nippon Paint Holdings Co to be Significantly Overvalued.

Key valuation signals for FRA:NI7:

  • Cyclically Adjusted PB Ratio: 2.45 (36% below median its 10-year median of 3.80)
  • GF Value™: €4.92 vs. price of €6.60 (34.1% above fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 47.6% above the Chemicals median (#779 of 1221)

No single metric tells the full story. See the FRA:NI7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Paint Holdings Co Business Description

Address 2-1-2 Oyodo Kita, Kita-ku, Osaka, JPN, 531-8511
Nippon Paint is a global paint company with operations in over 50 countries. About two-thirds of sales are in decorative paint, serving mostly residential and some commercial customers. It has the dominant share of the paint markets in China and some smaller Asian countries, as well as Australia. In other regions, it's often one of the three largest players. Its products are distributed via paint and home improvement retailers, some 300,000 distributors globally. Household brands include Nipsea, Nippon Paint, Dulux (in Asia, the Pacific, and Europe), British Paints, Betek Boya, and Alina, among others. About one-fourth of sales are in industrial coatings and paints. Here, customer groups include manufacturers of automotive and industrial products.
82GF Score

Get the complete analysis for FRA:NI7

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

€6.60
Price
€4.92
GF Value