Takeda Pharmaceutical Co (FRA:TKD) Cyclically Adjusted PB Ratio: 1.41 (As of Aug. 03, 2026) — Near 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:TKD Takeda Pharmaceutical Co Ltd FRA:TKD
67 GF Score
Price €29.63
GF Value €24.45
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is Takeda Pharmaceutical Co Cyclically Adjusted PB Ratio?

Takeda Pharmaceutical Co FRA:TKD -2.08% 67 Cyclically Adjusted PB Ratio is 1.41 as of Aug. 03, 2026, which is 5% above its 10-year median of 1.34. GuruFocus rates FRA:TKD with a GF Score™ of 67/100 and a GF Value™ of €24.45 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 741 Drug Manufacturers companies, Takeda Pharmaceutical Co ranks better than 59.78% on this metric.

As of today (2026-08-03), Takeda Pharmaceutical Co's current share price is €29.63. Takeda Pharmaceutical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €21.06. Takeda Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is 1.41.

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

FRA:TKD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.03   Med: 1.34   Max: 2.42
Current: 1.41

During the past years, Takeda Pharmaceutical Co's highest Cyclically Adjusted PB Ratio was 2.42. The lowest was 1.03. And the median was 1.34.

FRA:TKD's Cyclically Adjusted PB Ratio is ranked better than
59.78% of 741 companies
in the Drug Manufacturers industry
Industry Median: 1.79 vs FRA:TKD: 1.41

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.

Takeda Pharmaceutical Co's adjusted book value per share data for the three months ended in Jun. 2026 was €25.821. 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 €21.06 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Takeda Pharmaceutical Co  (FRA:TKD) 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.


Takeda Pharmaceutical Co Cyclically Adjusted PB Ratio Related Terms


Takeda Pharmaceutical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Takeda Pharmaceutical 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.

Takeda Pharmaceutical Co Cyclically Adjusted PB Ratio Chart

Takeda Pharmaceutical 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 1.19 1.37 1.24 1.22 1.48

Takeda Pharmaceutical 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 1.20 1.16 1.27 1.48 1.32

FRA:TKD vs ZTS, UTHR: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Takeda Pharmaceutical 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.


Takeda Pharmaceutical Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Takeda Pharmaceutical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:TKD
67GF Score
Takeda Pharmaceutical Co Ltd FRA:TKD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Takeda Pharmaceutical 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.

Takeda Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.63/21.06
=1.41

* 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.

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

For example, Takeda Pharmaceutical 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)
=25.821/113.6000*113.6000
=25.821

Current CPI (Jun. 2026) = 113.6000.

Takeda Pharmaceutical Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 20.321 98.000 23.556
201612 20.665 98.400 23.857
201703 20.088 98.100 23.262
201706 20.696 98.500 23.869
201709 20.222 98.800 23.251
201712 20.242 99.400 23.134
201803 19.551 99.200 22.389
201806 20.341 99.200 23.294
201809 21.217 99.900 24.127
201812 20.442 99.700 23.292
201903 26.539 99.700 30.239
201906 25.653 99.800 29.200
201909 26.373 100.100 29.930
201912 25.801 100.500 29.164
202003 25.487 100.300 28.867
202006 24.750 99.900 28.144
202009 23.980 99.900 27.269
202012 23.481 99.300 26.862
202103 25.571 99.900 29.078
202106 25.172 99.500 28.739
202109 26.118 100.100 29.640
202112 26.612 100.100 30.201
202203 27.903 101.100 31.353
202206 28.852 101.800 32.196
202209 30.440 103.100 33.540
202212 27.798 104.100 30.335
202303 28.562 104.400 31.079
202306 29.070 105.200 31.391
202309 28.562 106.200 30.552
202312 27.368 106.800 29.111
202403 28.466 107.200 30.165
202406 29.249 108.200 30.709
202409 27.517 108.900 28.705
202412 29.056 110.700 29.817
202503 27.348 111.100 27.963
202506 26.374 111.700 26.823
202509 26.012 112.000 26.384
202512 26.502 113.000 26.643
202603 25.635 112.700 25.840
202606 25.821 113.600 25.821

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 1.41 mean?
Takeda Pharmaceutical Co (FRA:TKD) has a Cyclically Adjusted PB Ratio of 1.41 as of Aug. 03, 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 Takeda Pharmaceutical Co and its competitors. This is near median its historical median of 1.34. Over the past decade, Takeda Pharmaceutical Co's Cyclically Adjusted PB Ratio has ranged from 1.03 to 2.42. According to the industry distribution chart, Takeda Pharmaceutical Co ranks #298 out of 741 companies in the Drug Manufacturers industry, placing it in the top 40.2%.
Is Takeda Pharmaceutical Co's Cyclically Adjusted PB Ratio too high?
Takeda Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 1.41 is near median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 2.42. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.79. Takeda Pharmaceutical Co's value of 1.41 is 21.2% below this industry median. Based on the distribution chart, Takeda Pharmaceutical Co ranks #298 out of 741 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Takeda Pharmaceutical Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Takeda Pharmaceutical Co's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Takeda Pharmaceutical Co ranks #298 out of 741 companies for Cyclically Adjusted PB Ratio. This puts Takeda Pharmaceutical Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Takeda Pharmaceutical Co's value of 1.41 is 21.2% below this benchmark. Historically, Takeda Pharmaceutical Co's own Cyclically Adjusted PB Ratio has ranged from 1.03 to 2.42 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.79, Takeda Pharmaceutical 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.79, based on 741 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. Takeda Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 1.41 is 21.2% 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 Takeda Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Takeda Pharmaceutical Co's current Cyclically Adjusted PB Ratio is 1.41, which is near median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Takeda Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Takeda Pharmaceutical Co (FRA:TKD) is currently considered Modestly Overvalued. The stock's GF Value™ is €24.45, compared to a current price of €29.63 — trading 21.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.41, which is near median its 10-year median of 1.34 and 21.2% below the Drug Manufacturers industry median of 1.79. Takeda Pharmaceutical Co's overall GF Score™ is 67/100 with 10 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 Takeda Pharmaceutical Co (FRA:TKD), the current Cyclically Adjusted PB Ratio is 1.41 as of Aug. 03, 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 Takeda Pharmaceutical Co (FRA:TKD) Overvalued in 2026?

Based on GuruFocus' analysis, Takeda Pharmaceutical Co stock appears to be overvalued. The current stock price of €29.63 is trading 21.2% above its estimated GF Value™ of €24.45. GuruFocus considers Takeda Pharmaceutical Co to be Modestly Overvalued.

Key valuation signals for FRA:TKD:

  • Cyclically Adjusted PB Ratio: 1.41 (near median its 10-year median of 1.34)
  • GF Value™: €24.45 vs. price of €29.63 (21.2% above fair value)
  • GF Score™: 67/100 with 10 warning signs
  • Industry Position: 21.2% below the Drug Manufacturers median (#298 of 741)

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


Takeda Pharmaceutical Co Business Description

Address 1-1, Nihonbashi-Honcho 2-Chome, Chuo-ku, Tokyo, JPN, 103-8668
Takeda Pharmaceutical is Japan's largest pharmaceutical company, with revenue of JPY 4.5 trillion in fiscal 2025. The company's five core therapeutic areas are oncology, gastroenterology, neuroscience, rare diseases, and plasma-derived therapies, which account for more than 80% of revenue. Its geographic footprint is well diversified, with about 50% from the US, 10% from Japan, 25% from Europe, and 15% from Canada.
67GF Score

Get the complete analysis for FRA:TKD

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

€29.63
Price
€24.45
GF Value