NDSN (Nordson) Cyclically Adjusted PB Ratio: 8.13 (As of Aug. 20, 2026) — 13% Below Median

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NDSN Nordson Corp NDSN
95 GF Score
Price $332.08
GF Value $272.89
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Nordson Cyclically Adjusted PB Ratio?

Nordson NDSN +7.26% 95 Cyclically Adjusted PB Ratio is 8.13 as of Aug. 20, 2026, which is 13% below its 10-year median of 9.38. GuruFocus rates NDSN with a GF Score™ of 95/100 and a GF Value™ of $272.89 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,167 Industrial Products companies, Nordson ranks worse than 87.68% on this metric.

As of today (2026-08-20), Nordson's current share price is $332.08. Nordson's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was $40.85. Nordson's Cyclically Adjusted PB Ratio for today is 8.13.

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

NDSN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.13   Med: 9.38   Max: 12.65
Current: 7.58

During the past years, Nordson's highest Cyclically Adjusted PB Ratio was 12.65. The lowest was 5.13. And the median was 9.38.

NDSN's Cyclically Adjusted PB Ratio is ranked worse than
87.68% of 2167 companies
in the Industrial Products industry
Industry Median: 2.16 vs NDSN: 7.58

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.

Nordson's adjusted book value per share data for the three months ended in Apr. 2026 was $57.472. 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 $40.85 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nordson  (NAS:NDSN) 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.


Nordson Cyclically Adjusted PB Ratio Related Terms


Nordson Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nordson'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.

Nordson Cyclically Adjusted PB Ratio Chart

Nordson Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.83 8.69 7.18 7.42 6.12

Nordson Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 5.32 5.83 6.12 7.05 7.06

NDSN vs IEX, ITT, RRX: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Nordson'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.


Nordson Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nordson's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NDSN
95GF Score
Nordson Corp NDSN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nordson 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=332.08/40.85
=8.13

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=57.472/333.0200*333.0200
=57.472

Current CPI (Apr. 2026) = 333.0200.

Nordson Quarterly Data

Book Value per Share CPI Adj_Book
201607 14.194 240.628 19.644
201610 14.860 241.729 20.472
201701 15.533 242.839 21.301
201704 16.696 244.524 22.738
201707 18.797 244.786 25.572
201710 20.021 246.663 27.030
201801 22.340 247.867 30.015
201804 23.461 250.546 31.184
201807 24.470 252.006 32.337
201810 24.997 252.885 32.918
201901 24.449 251.712 32.347
201904 25.611 255.548 33.375
201907 26.908 256.571 34.926
201910 27.449 257.346 35.521
202001 28.252 257.971 36.471
202004 28.706 256.389 37.286
202007 30.497 259.101 39.197
202010 30.285 260.388 38.733
202101 31.973 261.582 40.705
202104 33.552 267.054 41.840
202107 35.502 273.003 43.307
202110 37.128 276.589 44.703
202201 37.720 281.148 44.679
202204 38.090 289.109 43.875
202207 38.437 296.276 43.204
202210 40.174 298.012 44.893
202301 42.729 299.170 47.564
202304 43.814 303.363 48.097
202307 45.249 305.691 49.294
202310 45.574 307.671 49.329
202401 47.628 308.417 51.427
202404 48.687 313.548 51.711
202407 49.907 314.540 52.839
202410 51.265 315.664 54.084
202501 50.545 317.671 52.987
202504 52.386 320.795 54.382
202507 53.070 323.048 54.708
202510 53.212 0.000
202601 55.789 325.252 57.121
202604 57.472 333.020 57.472

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 8.13 mean?
Nordson (NDSN) has a Cyclically Adjusted PB Ratio of 8.13 as of Aug. 20, 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 Nordson and its competitors. This is 13% below median its historical median of 9.38. Over the past decade, Nordson's Cyclically Adjusted PB Ratio has ranged from 5.13 to 12.65. According to the industry distribution chart, Nordson ranks #1900 out of 2167 companies in the Industrial Products industry, placing it in the top 87.7%.
Is Nordson's Cyclically Adjusted PB Ratio too high?
Nordson's current Cyclically Adjusted PB Ratio of 8.13 is 13% below median its 10-year median of 9.38. Over the past 10 years, this metric has ranged from a low of 5.13 to a high of 12.65. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.16. Nordson's value of 8.13 is 276.4% above this industry median. Based on the distribution chart, Nordson ranks #1900 out of 2167 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Nordson has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordson's Cyclically Adjusted PB Ratio compare to IEX and ITT?
According to the Industrial Products industry distribution chart, Nordson ranks #1900 out of 2167 companies for Cyclically Adjusted PB Ratio. This places Nordson in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.16. Nordson's value of 8.13 is 276.4% above this benchmark. Historically, Nordson's own Cyclically Adjusted PB Ratio has ranged from 5.13 to 12.65 over the past decade. While the company's 10-year median is 9.38 vs. the industry median of 2.16, Nordson 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.16, based on 2,167 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. Nordson's current Cyclically Adjusted PB Ratio of 8.13 is 276.4% 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 Nordson and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordson's current Cyclically Adjusted PB Ratio is 8.13, which is 13% below median its own 10-year median of 9.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordson stock overvalued right now?
Based on GuruFocus' analysis, Nordson (NDSN) is currently considered Modestly Overvalued. The stock's GF Value™ is $272.89, compared to a current price of $332.08 — trading 21.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.13, which is 13% below median its 10-year median of 9.38 and 276.4% above the Industrial Products industry median of 2.16. Nordson's overall GF Score™ is 95/100 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 Nordson (NDSN), the current Cyclically Adjusted PB Ratio is 8.13 as of Aug. 20, 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 Nordson (NDSN) Overvalued in 2026?

Based on GuruFocus' analysis, Nordson stock appears to be overvalued. The current stock price of $332.08 is trading 21.7% above its estimated GF Value™ of $272.89. GuruFocus considers Nordson to be Modestly Overvalued.

Key valuation signals for NDSN:

  • Cyclically Adjusted PB Ratio: 8.13 (13% below median its 10-year median of 9.38)
  • GF Value™: $272.89 vs. price of $332.08 (21.7% above fair value)
  • GF Score™: 95/100 with 6 warning signs
  • Industry Position: 276.4% above the Industrial Products median (#1900 of 2167)

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


Nordson Business Description

Other Exchanges ND1:Germany
Address 28601 Clemens Road, Westlake, OH, USA, 44145
Nordson manufactures equipment (including pumps, valves, dispensers, applicators, filters, and pelletizers) used for dispensing adhesives, coatings, sealants, and other materials. The firm serves a diverse range of end markets, including packaging, medical, electronics, and industrial. Nordson's business is organized into three segments: industrial precision solutions, medical and fluid solutions, and advanced technology solutions. The company generated approximately $2.8 billion in revenue in its fiscal 2025.
95GF Score

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

$332.08
Price
$272.89
GF Value