Toyobo Co (FRA:TO7) Cyclically Adjusted PB Ratio: 0.77 (As of Jul. 15, 2026) — 13% 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:TO7 Toyobo Co Ltd FRA:TO7
74 GF Score
Price €9.25
GF Value €5.96
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Toyobo Co Cyclically Adjusted PB Ratio?

Toyobo Co FRA:TO7 +2.78% 74 Cyclically Adjusted PB Ratio is 0.77 as of Jul. 15, 2026, which is 13% above its 10-year median of 0.68. GuruFocus rates FRA:TO7 with a GF Score™ of 74/100 and a GF Value™ of €5.96 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,285 Chemicals companies, Toyobo Co ranks better than 79.07% on this metric.

As of today (2026-07-15), Toyobo Co's current share price is €9.25. Toyobo Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was €12.08. Toyobo Co's Cyclically Adjusted PB Ratio for today is 0.77.

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

FRA:TO7' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.68   Max: 1.36
Current: 0.75

During the past years, Toyobo Co's highest Cyclically Adjusted PB Ratio was 1.36. The lowest was 0.37. And the median was 0.68.

FRA:TO7's Cyclically Adjusted PB Ratio is ranked better than
79.07% of 1285 companies
in the Chemicals industry
Industry Median: 1.7 vs FRA:TO7: 0.75

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.

Toyobo Co's adjusted book value per share data for the three months ended in Dec. 2025 was €12.639. 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 €12.08 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyobo Co  (FRA:TO7) 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.


Toyobo Co Cyclically Adjusted PB Ratio Related Terms


Toyobo Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Toyobo 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.

Toyobo Co Cyclically Adjusted PB Ratio Chart

Toyobo 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 0.57 0.51 0.53 0.42 0.00

Toyobo 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 0.42 0.41 0.50 0.55 0.00

FRA:TO7 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Toyobo 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.


Toyobo Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


FRA:TO7
74GF Score
Toyobo Co Ltd FRA:TO7
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toyobo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.25/12.08
=0.77

* 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.

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

For example, Toyobo 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)
=12.639/113.0000*113.0000
=12.639

Current CPI (Dec. 2025) = 113.0000.

Toyobo Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 14.054 97.900 16.222
201606 14.601 98.100 16.819
201609 15.334 98.000 17.681
201612 14.978 98.400 17.200
201703 15.648 98.100 18.025
201706 15.280 98.500 17.529
201709 14.809 98.800 16.937
201712 15.632 99.400 17.771
201803 15.555 99.200 17.719
201806 15.802 99.200 18.000
201809 15.715 99.900 17.776
201812 15.520 99.700 17.590
201903 15.840 99.700 17.953
201906 15.814 99.800 17.906
201909 16.386 100.100 18.498
201912 16.487 100.500 18.538
202003 16.836 100.300 18.968
202006 16.491 99.900 18.653
202009 16.212 99.900 18.338
202012 15.790 99.300 17.968
202103 16.155 99.900 18.273
202106 16.180 99.500 18.375
202109 17.006 100.100 19.198
202112 17.455 100.100 19.704
202203 16.786 101.100 18.762
202206 16.052 101.800 17.818
202209 16.221 103.100 17.779
202212 15.855 104.100 17.211
202303 14.999 104.400 16.235
202306 13.999 105.200 15.037
202309 13.706 106.200 14.584
202312 13.667 106.800 14.460
202403 13.734 107.200 14.477
202406 13.100 108.200 13.681
202409 13.810 108.900 14.330
202412 13.769 110.700 14.055
202503 13.746 111.100 13.981
202506 13.165 111.700 13.318
202509 12.983 112.000 13.099
202512 12.639 113.000 12.639

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 0.77 mean?
Toyobo Co (FRA:TO7) has a Cyclically Adjusted PB Ratio of 0.77 as of Jul. 15, 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 Toyobo Co and its competitors. This is 13% above median its historical median of 0.68. Over the past decade, Toyobo Co's Cyclically Adjusted PB Ratio has ranged from 0.37 to 1.36. According to the industry distribution chart, Toyobo Co ranks #269 out of 1285 companies in the Chemicals industry, placing it in the top 20.9%.
Is Toyobo Co's Cyclically Adjusted PB Ratio too high?
Toyobo Co's current Cyclically Adjusted PB Ratio of 0.77 is 13% above median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 1.36. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.70. Toyobo Co's value of 0.77 is 54.7% below this industry median. Based on the distribution chart, Toyobo Co ranks #269 out of 1285 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Toyobo Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyobo Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Toyobo Co ranks #269 out of 1285 companies for Cyclically Adjusted PB Ratio. This places Toyobo Co in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.70. Toyobo Co's value of 0.77 is 54.7% below this benchmark. Historically, Toyobo Co's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 1.36 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 1.70, Toyobo 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.70, based on 1,285 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. Toyobo Co's current Cyclically Adjusted PB Ratio of 0.77 is 54.7% 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 Toyobo Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyobo Co's current Cyclically Adjusted PB Ratio is 0.77, which is 13% above median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyobo Co stock overvalued right now?
Based on GuruFocus' analysis, Toyobo Co (FRA:TO7) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.96, compared to a current price of €9.25 — trading 55.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.77, which is 13% above median its 10-year median of 0.68 and 54.7% below the Chemicals industry median of 1.70. Toyobo Co's overall GF Score™ is 74/100 with 9 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 Toyobo Co (FRA:TO7), the current Cyclically Adjusted PB Ratio is 0.77 as of Jul. 15, 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 Toyobo Co (FRA:TO7) Overvalued in 2026?

Based on GuruFocus' analysis, Toyobo Co stock appears to be overvalued. The current stock price of €9.25 is trading 55.2% above its estimated GF Value™ of €5.96. GuruFocus considers Toyobo Co to be Significantly Overvalued.

Key valuation signals for FRA:TO7:

  • Cyclically Adjusted PB Ratio: 0.77 (13% above median its 10-year median of 0.68)
  • GF Value™: €5.96 vs. price of €9.25 (55.2% above fair value)
  • GF Score™: 74/100 with 9 warning signs
  • Industry Position: 54.7% below the Chemicals median (#269 of 1285)

No single metric tells the full story. See the FRA:TO7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyobo Co Business Description

Other Exchanges TYOBY:USA3101:Japan
Address 2-8, Dojima Hama 2-chome, Kita-ku, Osaka, JPN, 530-8230
Toyobo Co Ltd manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into four segments based on product type. The films and functional polymers segment, which generates more of Toyobo's revenue than any other segment, sells industrial films for liquid crystal displays, packaging films for food packaging, and engineered plastics and coatings for electronics. The industrial materials segment sells airbag fabrics and polyester for tires to the automotive industry. The healthcare segment sells enzymes for diagnostics, diagnostic systems, pharmaceuticals, and seawater desalination modules. The textiles segment sells synthetic and acrylic fibers used for apparel production. The majority of revenue comes from Japan.
74GF Score

Get the complete analysis for FRA:TO7

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

€9.25
Price
€5.96
GF Value