Nipponnso Holdings (FRA:NPX) Cyclically Adjusted PB Ratio: 3.61 (As of Aug. 01, 2026) — 22% Above Median

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FRA:NPX Nippon Sanso Holdings Corp FRA:NPX
92 GF Score
Price €30.96
GF Value €28.29
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Nipponnso Holdings Cyclically Adjusted PB Ratio?

Nipponnso Holdings FRA:NPX +0.26% 92 Cyclically Adjusted PB Ratio is 3.61 as of Aug. 01, 2026, which is 22% above its 10-year median of 2.95. GuruFocus rates FRA:NPX with a GF Score™ of 92/100 and a GF Value™ of €28.29 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,254 Chemicals companies, Nipponnso Holdings ranks worse than 78.31% on this metric.

As of today (2026-08-01), Nipponnso Holdings's current share price is €30.96. Nipponnso Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €8.57. Nipponnso Holdings's Cyclically Adjusted PB Ratio for today is 3.61.

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

FRA:NPX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.64   Med: 2.95   Max: 4.53
Current: 3.6

During the past years, Nipponnso Holdings's highest Cyclically Adjusted PB Ratio was 4.53. The lowest was 1.64. And the median was 2.95.

FRA:NPX's Cyclically Adjusted PB Ratio is ranked worse than
78.31% of 1254 companies
in the Chemicals industry
Industry Median: 1.63 vs FRA:NPX: 3.60

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.

Nipponnso Holdings's adjusted book value per share data for the three months ended in Jun. 2026 was €15.809. 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 €8.57 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nipponnso Holdings  (FRA:NPX) 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.


Nipponnso Holdings Cyclically Adjusted PB Ratio Related Terms


Nipponnso Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nipponnso Holdings'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.

Nipponnso Holdings Cyclically Adjusted PB Ratio Chart

Nipponnso Holdings 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 2.71 2.39 4.13 3.35 3.59

Nipponnso Holdings 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 3.92 3.65 3.12 3.59 3.73

FRA:NPX vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Nipponnso Holdings'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.


Nipponnso Holdings Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


FRA:NPX
92GF Score
Nippon Sanso Holdings Corp FRA:NPX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nipponnso Holdings 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.

Nipponnso Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.96/8.57
=3.61

* 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.

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

For example, Nipponnso Holdings'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)
=15.809/113.6000*113.6000
=15.809

Current CPI (Jun. 2026) = 113.6000.

Nipponnso Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.277 98.000 7.276
201612 6.475 98.400 7.475
201703 6.727 98.100 7.790
201706 6.586 98.500 7.596
201709 6.498 98.800 7.471
201712 6.797 99.400 7.768
201803 6.829 99.200 7.820
201806 7.148 99.200 8.186
201809 7.358 99.900 8.367
201812 7.178 99.700 8.179
201903 7.481 99.700 8.524
201906 7.537 99.800 8.579
201909 7.723 100.100 8.765
201912 8.134 100.500 9.194
202003 7.951 100.300 9.005
202006 8.018 99.900 9.118
202009 8.184 99.900 9.306
202012 8.446 99.300 9.662
202103 9.164 99.900 10.421
202106 9.168 99.500 10.467
202109 9.716 100.100 11.026
202112 10.248 100.100 11.630
202203 11.125 101.100 12.500
202206 11.125 101.800 12.415
202209 11.573 103.100 12.752
202212 11.119 104.100 12.134
202303 11.693 104.400 12.723
202306 12.265 105.200 13.244
202309 12.486 106.200 13.356
202312 12.344 106.800 13.130
202403 12.973 107.200 13.748
202406 13.582 108.200 14.260
202409 13.391 108.900 13.969
202412 14.301 110.700 14.676
202503 14.056 111.100 14.372
202506 14.044 111.700 14.283
202509 14.303 112.000 14.507
202512 14.783 113.000 14.861
202603 15.331 112.700 15.453
202606 15.809 113.600 15.809

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 3.61 mean?
Nipponnso Holdings (FRA:NPX) has a Cyclically Adjusted PB Ratio of 3.61 as of Aug. 01, 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 Nipponnso Holdings and its competitors. This is 22% above median its historical median of 2.95. Over the past decade, Nipponnso Holdings' Cyclically Adjusted PB Ratio has ranged from 1.64 to 4.53. According to the industry distribution chart, Nipponnso Holdings ranks #982 out of 1254 companies in the Chemicals industry, placing it in the top 78.3%.
Is Nipponnso Holdings' Cyclically Adjusted PB Ratio too high?
Nipponnso Holdings' current Cyclically Adjusted PB Ratio of 3.61 is 22% above median its 10-year median of 2.95. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 4.53. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.63. Nipponnso Holdings' value of 3.61 is 121.5% above this industry median. Based on the distribution chart, Nipponnso Holdings ranks #982 out of 1254 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Nipponnso Holdings has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nipponnso Holdings' Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Nipponnso Holdings ranks #982 out of 1254 companies for Cyclically Adjusted PB Ratio. This places Nipponnso Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.63. Nipponnso Holdings' value of 3.61 is 121.5% above this benchmark. Historically, Nipponnso Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.64 to 4.53 over the past decade. While the company's 10-year median is 2.95 vs. the industry median of 1.63, Nipponnso Holdings 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 1.63, based on 1,254 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. Nipponnso Holdings's current Cyclically Adjusted PB Ratio of 3.61 is 121.5% 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 Nipponnso Holdings and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nipponnso Holdings's current Cyclically Adjusted PB Ratio is 3.61, which is 22% above median its own 10-year median of 2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nipponnso Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nipponnso Holdings (FRA:NPX) is currently considered Modestly Overvalued. The stock's GF Value™ is €28.29, compared to a current price of €30.96 — trading 9.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.61, which is 22% above median its 10-year median of 2.95 and 121.5% above the Chemicals industry median of 1.63. Nipponnso Holdings' overall GF Score™ is 92/100 with 3 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 Nipponnso Holdings (FRA:NPX), the current Cyclically Adjusted PB Ratio is 3.61 as of Aug. 01, 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 Nipponnso Holdings (FRA:NPX) Overvalued in 2026?

Based on GuruFocus' analysis, Nipponnso Holdings stock appears to be overvalued. The current stock price of €30.96 is trading 9.4% above its estimated GF Value™ of €28.29. GuruFocus considers Nipponnso Holdings to be Modestly Overvalued.

Key valuation signals for FRA:NPX:

  • Cyclically Adjusted PB Ratio: 3.61 (22% above median its 10-year median of 2.95)
  • GF Value™: €28.29 vs. price of €30.96 (9.4% above fair value)
  • GF Score™: 92/100 with 3 warning signs
  • Industry Position: 121.5% above the Chemicals median (#982 of 1254)

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


Nipponnso Holdings Business Description

Address 1-3-26 Oyama, Shinagawa-ku, Tokyo, JPN, 142-0062
Nippon Sanso Holdings Corp is engaged in the gas business both domestically and internationally, supplying industries such as steel, chemicals, and electronics. The company operates through five reportable segments: Japan, the United States, Europe, Asia/Oceania, and Thermos. It provides industrial and medical gases, gas-related equipment, and electronic material gases, along with the manufacturing and construction of related systems. The Thermos segment focuses on household products such as stainless steel thermoses.
92GF Score

Get the complete analysis for FRA:NPX

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

€30.96
Price
€28.29
GF Value