Tsumura (FRA:TSUA) Cyclically Adjusted PB Ratio: 1.16 (As of Aug. 04, 2026) — 20% Below Median

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FRA:TSUA Tsumura & Co FRA:TSUA
69 GF Score
Price €19.80
GF Value €21.71
Valuation Fairly Valued
! 4 Warning Signs
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What is Tsumura Cyclically Adjusted PB Ratio?

Tsumura FRA:TSUA +1.02% 69 Cyclically Adjusted PB Ratio is 1.16 as of Aug. 04, 2026, which is 20% below its 10-year median of 1.45. GuruFocus rates FRA:TSUA with a GF Score™ of 69/100 and a GF Value™ of €21.71 (Fairly Valued). The stock has 4 warning signs investors should review. Among 741 Drug Manufacturers companies, Tsumura ranks better than 66.67% on this metric.

As of today (2026-08-04), Tsumura's current share price is €19.80. Tsumura's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €17.02. Tsumura's Cyclically Adjusted PB Ratio for today is 1.16.

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

FRA:TSUA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.95   Med: 1.45   Max: 2.84
Current: 1.15

During the past years, Tsumura's highest Cyclically Adjusted PB Ratio was 2.84. The lowest was 0.95. And the median was 1.45.

FRA:TSUA's Cyclically Adjusted PB Ratio is ranked better than
66.67% of 741 companies
in the Drug Manufacturers industry
Industry Median: 1.79 vs FRA:TSUA: 1.15

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.

Tsumura's adjusted book value per share data for the three months ended in Mar. 2026 was €23.526. 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 €17.02 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsumura  (FRA:TSUA) 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.


Tsumura Cyclically Adjusted PB Ratio Related Terms


Tsumura Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tsumura'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.

Tsumura Cyclically Adjusted PB Ratio Chart

Tsumura 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 1.35 1.01 1.34 1.39 1.13

Tsumura 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 1.39 1.10 1.13 1.25 1.13

FRA:TSUA vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Tsumura'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.


Tsumura Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


FRA:TSUA
69GF Score
Tsumura & Co FRA:TSUA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tsumura 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.

Tsumura's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.80/17.02
=1.16

* 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.

Tsumura's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tsumura's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=23.526/112.7000*112.7000
=23.526

Current CPI (Mar. 2026) = 112.7000.

Tsumura Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.013 98.100 20.694
201609 18.260 98.000 20.999
201612 17.519 98.400 20.065
201703 18.633 98.100 21.406
201706 18.188 98.500 20.810
201709 17.589 98.800 20.064
201712 19.268 99.400 21.846
201803 19.364 99.200 21.999
201806 19.809 99.200 22.505
201809 19.825 99.900 22.365
201812 20.366 99.700 23.022
201903 21.018 99.700 23.759
201906 21.638 99.800 24.435
201909 22.354 100.100 25.168
201912 22.019 100.500 24.692
202003 22.563 100.300 25.352
202006 22.179 99.900 25.021
202009 22.035 99.900 24.858
202012 22.052 99.300 25.028
202103 21.998 99.900 24.817
202106 22.033 99.500 24.956
202109 23.092 100.100 25.999
202112 23.627 100.100 26.601
202203 23.998 101.100 26.751
202206 23.009 101.800 25.473
202209 23.698 103.100 25.905
202212 23.575 104.100 25.523
202303 23.055 104.400 24.888
202306 21.908 105.200 23.470
202309 21.971 106.200 23.316
202312 22.733 106.800 23.989
202403 21.901 107.200 23.025
202406 21.847 108.200 22.756
202409 24.426 108.900 25.278
202412 23.865 110.700 24.296
202503 24.624 111.100 24.979
202506 23.214 111.700 23.422
202509 22.795 112.000 22.937
202512 22.435 113.000 22.375
202603 23.526 112.700 23.526

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 1.16 mean?
Tsumura (FRA:TSUA) has a Cyclically Adjusted PB Ratio of 1.16 as of Aug. 04, 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 Tsumura and its competitors. This is 20% below median its historical median of 1.45. Over the past decade, Tsumura's Cyclically Adjusted PB Ratio has ranged from 0.95 to 2.84. According to the industry distribution chart, Tsumura ranks #247 out of 741 companies in the Drug Manufacturers industry, placing it in the top 33.3%.
Is Tsumura's Cyclically Adjusted PB Ratio too high?
Tsumura's current Cyclically Adjusted PB Ratio of 1.16 is 20% below median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 2.84. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.79. Tsumura's value of 1.16 is 35.2% below this industry median. Based on the distribution chart, Tsumura ranks #247 out of 741 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Tsumura has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tsumura's Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Tsumura ranks #247 out of 741 companies for Cyclically Adjusted PB Ratio. This puts Tsumura in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Tsumura's value of 1.16 is 35.2% below this benchmark. Historically, Tsumura's own Cyclically Adjusted PB Ratio has ranged from 0.95 to 2.84 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 1.79, Tsumura 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. Tsumura's current Cyclically Adjusted PB Ratio of 1.16 is 35.2% 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 Tsumura 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. Tsumura's current Cyclically Adjusted PB Ratio is 1.16, which is 20% below median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsumura stock overvalued right now?
Based on GuruFocus' analysis, Tsumura (FRA:TSUA) is currently considered Fairly Valued. The stock's GF Value™ is €21.71, compared to a current price of €19.80 — trading 8.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.16, which is 20% below median its 10-year median of 1.45 and 35.2% below the Drug Manufacturers industry median of 1.79. Tsumura's overall GF Score™ is 69/100 with 4 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 Tsumura (FRA:TSUA), the current Cyclically Adjusted PB Ratio is 1.16 as of Aug. 04, 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 Tsumura (FRA:TSUA) Overvalued in 2026?

Based on GuruFocus' analysis, Tsumura stock appears to be undervalued. The current stock price of €19.80 is trading 8.8% below its estimated GF Value™ of €21.71. GuruFocus considers Tsumura to be Fairly Valued.

Key valuation signals for FRA:TSUA:

  • Cyclically Adjusted PB Ratio: 1.16 (20% below median its 10-year median of 1.45)
  • GF Value™: €21.71 vs. price of €19.80 (8.8% below fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 35.2% below the Drug Manufacturers median (#247 of 741)

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


Tsumura Business Description

Other Exchanges 4540:Japan
Address 2-17-11 Akasaka, Minato-ku, Tokyo, JPN, 107-8521
Tsumura & Co is a specialty and generic drug manufacturing company. The company generates the majority of its revenue through prescription Kampo products, followed by over-the-counter medicines. It promotes its products through educational support at medical schools and by hosting seminars for physicians and consumers. The company specializes in developing, producing, and marketing Kampo formulations that integrate traditional herbal knowledge with modern pharmaceutical science to address various health conditions.
69GF Score

Get the complete analysis for FRA:TSUA

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

€19.80
Price
€21.71
GF Value