DOWA Holdings Co (NGO:5714) Cyclically Adjusted PB Ratio: 1.61 (As of Aug. 13, 2026) — 28% Above Median

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NGO:5714 DOWA Holdings Co Ltd NGO:5714
60 GF Score
Price 円4,570.00
GF Value 円2,504.12
! 3 Warning Signs
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What is DOWA Holdings Co Cyclically Adjusted PB Ratio?

DOWA Holdings Co NGO:5714 60 Cyclically Adjusted PB Ratio is 1.61 as of Aug. 13, 2026, which is 28% above its 10-year median of 1.26. GuruFocus rates NGO:5714 with a GF Score™ of 60/100 and a GF Value™ of 円2,504.12. The stock has 3 warning signs investors should review. Among 1,526 Metals & Mining companies, DOWA Holdings Co ranks worse than 53.21% on this metric.

As of today (2026-08-13), DOWA Holdings Co's current share price is 円4570.00. DOWA Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,841.72. DOWA Holdings Co's Cyclically Adjusted PB Ratio for today is 1.61.

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

NGO:5714' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.26   Max: 2.16
Current: 1.76

During the past years, DOWA Holdings Co's highest Cyclically Adjusted PB Ratio was 2.16. The lowest was 0.77. And the median was 1.26.

NGO:5714's Cyclically Adjusted PB Ratio is ranked worse than
53.21% of 1526 companies
in the Metals & Mining industry
Industry Median: 1.55 vs NGO:5714: 1.76

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.

DOWA Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円7,702.086. 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 円2,841.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DOWA Holdings Co  (NGO:5714) 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.


DOWA Holdings Co Cyclically Adjusted PB Ratio Related Terms


DOWA Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DOWA Holdings 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.

DOWA Holdings Co Cyclically Adjusted PB Ratio Chart

DOWA Holdings 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 1.55 1.04 1.18 0.92 1.61

DOWA Holdings 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 0.92 0.91 1.03 1.39 1.61

DOWA Holdings Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, DOWA Holdings 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.


DOWA Holdings Co Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, DOWA Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NGO:5714
60GF Score
DOWA Holdings Co Ltd NGO:5714
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DOWA Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4570.00/2841.72
=1.61

* 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.

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

For example, DOWA Holdings Co'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)
=7702.086/112.7000*112.7000
=7,702.086

Current CPI (Mar. 2026) = 112.7000.

DOWA Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3,218.325 98.100 3,697.301
201609 3,278.625 98.000 3,770.419
201612 3,447.379 98.400 3,948.370
201703 3,705.285 98.100 4,256.734
201706 3,709.644 98.500 4,244.435
201709 3,808.113 98.800 4,343.870
201712 3,978.424 99.400 4,510.748
201803 4,035.060 99.200 4,584.186
201806 3,973.338 99.200 4,514.064
201809 4,003.379 99.900 4,516.324
201812 3,993.022 99.700 4,513.677
201903 4,007.992 99.700 4,530.599
201906 4,021.458 99.800 4,541.266
201909 4,055.284 100.100 4,565.739
201912 4,149.328 100.500 4,653.028
202003 4,191.082 100.300 4,709.222
202006 4,018.045 99.900 4,532.870
202009 4,072.773 99.900 4,594.610
202012 4,211.865 99.300 4,780.233
202103 4,465.447 99.900 5,037.596
202106 4,749.773 99.500 5,379.894
202109 5,005.277 100.100 5,635.312
202112 5,146.046 100.100 5,793.800
202203 5,267.957 101.100 5,872.391
202206 5,514.352 101.800 6,104.789
202209 5,746.093 103.100 6,281.132
202212 5,906.238 104.100 6,394.169
202303 5,794.637 104.400 6,255.322
202306 5,910.432 105.200 6,331.803
202309 6,071.204 106.200 6,442.794
202312 6,227.056 106.800 6,571.060
202403 6,264.932 107.200 6,586.360
202406 6,391.242 108.200 6,657.052
202409 6,571.697 108.900 6,801.012
202412 6,546.323 110.700 6,664.594
202503 6,690.289 111.100 6,786.639
202506 6,579.456 111.700 6,638.359
202509 6,704.565 112.000 6,746.469
202512 6,791.901 113.000 6,773.869
202603 7,702.086 112.700 7,702.086

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 1.61 mean?
DOWA Holdings Co (NGO:5714) has a Cyclically Adjusted PB Ratio of 1.61 as of Aug. 13, 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 DOWA Holdings Co and its competitors. This is 28% above median its historical median of 1.26. Over the past decade, DOWA Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.77 to 2.16. According to the industry distribution chart, DOWA Holdings Co ranks #812 out of 1526 companies in the Metals & Mining industry, placing it in the top 53.2%.
Is DOWA Holdings Co's Cyclically Adjusted PB Ratio too high?
DOWA Holdings Co's current Cyclically Adjusted PB Ratio of 1.61 is 28% above median its 10-year median of 1.26. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 2.16. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.55. DOWA Holdings Co's value of 1.61 is 3.9% above this industry median. Based on the distribution chart, DOWA Holdings Co ranks #812 out of 1526 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, DOWA Holdings Co has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does DOWA Holdings Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, DOWA Holdings Co ranks #812 out of 1526 companies for Cyclically Adjusted PB Ratio. This places DOWA Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. DOWA Holdings Co's value of 1.61 is 3.9% above this benchmark. Historically, DOWA Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.77 to 2.16 over the past decade. While the company's 10-year median is 1.26 vs. the industry median of 1.55, DOWA Holdings Co 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.55, based on 1,526 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. DOWA Holdings Co's current Cyclically Adjusted PB Ratio of 1.61 is 3.9% 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 DOWA Holdings Co and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DOWA Holdings Co's current Cyclically Adjusted PB Ratio is 1.61, which is 28% above median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DOWA Holdings Co stock overvalued right now?
DOWA Holdings Co (NGO:5714) has a current Cyclically Adjusted PB Ratio of 1.61. The stock's GF Value™ is 円2,504.12, compared to a current price of 円4,570.00 — trading 82.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.61, which is 28% above median its 10-year median of 1.26 and 3.9% above the Metals & Mining industry median of 1.55. DOWA Holdings Co's overall GF Score™ is 60/100 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 DOWA Holdings Co (NGO:5714), the current Cyclically Adjusted PB Ratio is 1.61 as of Aug. 13, 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 DOWA Holdings Co (NGO:5714) Overvalued in 2026?

Based on GuruFocus' analysis, DOWA Holdings Co stock appears to be overvalued. The current stock price of 円4,570.00 is trading 82.5% above its estimated GF Value™ of 円2,504.12.

Key valuation signals for NGO:5714:

  • Cyclically Adjusted PB Ratio: 1.61 (28% above median its 10-year median of 1.26)
  • GF Value™: 円2,504.12 vs. price of 円4,570.00 (82.5% above fair value)
  • GF Score™: 60/100 with 3 warning signs
  • Industry Position: 3.9% above the Metals & Mining median (#812 of 1526)

No single metric tells the full story. See the NGO:5714 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DOWA Holdings Co Business Description

Other Exchanges 5714:JapanDMI:Germany
Address 1-14-1 Sotokanda, 22nd Floor, Akihabara UDX, Chiyoda-ku, Tokyo, JPN, 101-0021
DOWA Holdings Co Ltd is a Japanese conglomerate engaged in electronic materials, recycling, heat treatment, metal processing, and smelting businesses. The company operates five business segments. The Electronic Materials segment makes high-purity metals, semiconductor wafers, LEDs, batteries, and magnetic materials. The Environment/Recycling segment handles waste disposal, soil remediation, resource recovery, and logistics. The Heat Treatment segment provides metal surface treatment, processing equipment, and related services. The Metal Processing segment produces copper, brass, alloys, and circuit boards. The Smelting segment manufactures metals and chemicals, while Others covers real estate, construction, and technology. It generates the majority of its revenue from the Smelting segment.
60GF Score

Get the complete analysis for NGO:5714

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

円4,570.00
Price
円2,504.12
GF Value