Nagoya Railroad Co (NGO:9048) Cyclically Adjusted PB Ratio: 0.83 (As of Aug. 05, 2026) — 34% Below Median

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NGO:9048 Nagoya Railroad Co Ltd NGO:9048
75 GF Score
Price 円1,805.00
GF Value 円1,740.30
Valuation Fairly Valued
! 5 Warning Signs
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What is Nagoya Railroad Co Cyclically Adjusted PB Ratio?

Nagoya Railroad Co NGO:9048 75 Cyclically Adjusted PB Ratio is 0.83 as of Aug. 05, 2026, which is 34% below its 10-year median of 1.25. GuruFocus rates NGO:9048 with a GF Score™ of 75/100 and a GF Value™ of 円1,740.30 (Fairly Valued). The stock has 5 warning signs investors should review. Among 470 Conglomerates companies, Nagoya Railroad Co ranks better than 55.32% on this metric.

As of today (2026-08-05), Nagoya Railroad Co's current share price is 円1805.00. Nagoya Railroad Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,184.14. Nagoya Railroad Co's Cyclically Adjusted PB Ratio for today is 0.83.

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

NGO:9048' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.25   Max: 2.41
Current: 0.86

During the past years, Nagoya Railroad Co's highest Cyclically Adjusted PB Ratio was 2.41. The lowest was 0.73. And the median was 1.25.

NGO:9048's Cyclically Adjusted PB Ratio is ranked better than
55.32% of 470 companies
in the Conglomerates industry
Industry Median: 1.02 vs NGO:9048: 0.86

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.

Nagoya Railroad Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,473.176. 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2,184.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nagoya Railroad Co  (NGO:9048) 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.


Nagoya Railroad Co Cyclically Adjusted PB Ratio Related Terms


Nagoya Railroad Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nagoya Railroad 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.

Nagoya Railroad Co Cyclically Adjusted PB Ratio Chart

Nagoya Railroad 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 1.26 1.10 1.09 0.82 0.78

Nagoya Railroad 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 0.82 0.76 0.81 0.76 0.78

NGO:9048 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Nagoya Railroad 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.


Nagoya Railroad Co Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nagoya Railroad Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NGO:9048
75GF Score
Nagoya Railroad Co Ltd NGO:9048
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nagoya Railroad 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1805.00/2184.14
=0.83

* 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.

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

For example, Nagoya Railroad 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)
=2473.176/112.7000*112.7000
=2,473.176

Current CPI (Mar. 2026) = 112.7000.

Nagoya Railroad Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,589.805 98.100 1,826.412
201609 1,627.202 98.000 1,871.282
201612 1,705.424 98.400 1,953.265
201703 1,720.704 98.100 1,976.792
201706 1,762.890 98.500 2,017.033
201709 1,824.223 98.800 2,080.870
201712 1,897.494 99.400 2,151.384
201803 1,892.129 99.200 2,149.626
201806 1,905.223 99.200 2,164.502
201809 1,951.681 99.900 2,201.746
201812 1,978.236 99.700 2,236.181
201903 2,002.379 99.700 2,263.472
201906 2,003.017 99.800 2,261.924
201909 2,058.796 100.100 2,317.945
201912 2,112.903 100.500 2,369.395
202003 2,053.085 100.300 2,306.906
202006 1,982.239 99.900 2,236.220
202009 1,953.296 99.900 2,203.568
202012 1,968.937 99.300 2,234.634
202103 1,891.737 99.900 2,134.122
202106 1,883.525 99.500 2,133.400
202109 1,902.858 100.100 2,142.379
202112 1,918.571 100.100 2,160.069
202203 1,949.310 101.100 2,172.970
202206 1,960.912 101.800 2,170.872
202209 1,984.822 103.100 2,169.636
202212 2,039.225 104.100 2,207.691
202303 2,057.869 104.400 2,221.474
202306 2,109.175 105.200 2,259.544
202309 2,132.779 106.200 2,263.316
202312 2,182.208 106.800 2,302.761
202403 2,230.527 107.200 2,344.966
202406 2,261.154 108.200 2,355.195
202409 2,300.344 108.900 2,380.613
202412 2,377.007 110.700 2,419.952
202503 2,354.781 111.100 2,388.693
202506 2,351.437 111.700 2,372.488
202509 2,390.266 112.000 2,405.205
202512 2,458.977 113.000 2,452.449
202603 2,473.176 112.700 2,473.176

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 0.83 mean?
Nagoya Railroad Co (NGO:9048) has a Cyclically Adjusted PB Ratio of 0.83 as of Aug. 05, 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 Nagoya Railroad Co and its competitors. This is 34% below median its historical median of 1.25. Over the past decade, Nagoya Railroad Co's Cyclically Adjusted PB Ratio has ranged from 0.73 to 2.41. According to the industry distribution chart, Nagoya Railroad Co ranks #210 out of 470 companies in the Conglomerates industry, placing it in the top 44.7%.
Is Nagoya Railroad Co's Cyclically Adjusted PB Ratio too high?
Nagoya Railroad Co's current Cyclically Adjusted PB Ratio of 0.83 is 34% below median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 2.41. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. Nagoya Railroad Co's value of 0.83 is 18.6% below this industry median. Based on the distribution chart, Nagoya Railroad Co ranks #210 out of 470 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Nagoya Railroad Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nagoya Railroad Co's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Nagoya Railroad Co ranks #210 out of 470 companies for Cyclically Adjusted PB Ratio. This puts Nagoya Railroad Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. Nagoya Railroad Co's value of 0.83 is 18.6% below this benchmark. Historically, Nagoya Railroad Co's own Cyclically Adjusted PB Ratio has ranged from 0.73 to 2.41 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 1.02, Nagoya Railroad 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.02, based on 470 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. Nagoya Railroad Co's current Cyclically Adjusted PB Ratio of 0.83 is 18.6% 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 Nagoya Railroad Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nagoya Railroad Co's current Cyclically Adjusted PB Ratio is 0.83, which is 34% below median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nagoya Railroad Co stock overvalued right now?
Based on GuruFocus' analysis, Nagoya Railroad Co (NGO:9048) is currently considered Fairly Valued. The stock's GF Value™ is 円1,740.30, compared to a current price of 円1,805.00 — trading 3.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.83, which is 34% below median its 10-year median of 1.25 and 18.6% below the Conglomerates industry median of 1.02. Nagoya Railroad Co's overall GF Score™ is 75/100 with 5 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 Nagoya Railroad Co (NGO:9048), the current Cyclically Adjusted PB Ratio is 0.83 as of Aug. 05, 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 Nagoya Railroad Co (NGO:9048) Overvalued in 2026?

Based on GuruFocus' analysis, Nagoya Railroad Co stock appears to be overvalued. The current stock price of 円1,805.00 is trading 3.7% above its estimated GF Value™ of 円1,740.30. GuruFocus considers Nagoya Railroad Co to be Fairly Valued.

Key valuation signals for NGO:9048:

  • Cyclically Adjusted PB Ratio: 0.83 (34% below median its 10-year median of 1.25)
  • GF Value™: 円1,740.30 vs. price of 円1,805.00 (3.7% above fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 18.6% below the Conglomerates median (#210 of 470)

No single metric tells the full story. See the NGO:9048 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nagoya Railroad Co Business Description

Other Exchanges 9048:Japan
Address 1-2-4 Meieki, Nakamura-ku, Nagoya, JPN, 450-8501
Nagoya Railroad Co Ltd is mainly engaged in the provision of transportation services. The company operates through six segments. The Aviation-related Services segment includes airline operations and in-flight meal services. The Distribution segment covers department stores, petroleum sales, and product distribution. The Leisure and Service segment manages hotels, restaurants, tourist facilities, and travel operations. The Real Estate segment handles property sales, leasing, and management. The Transport segment involves trucking and shipping. The Transportation segment covers trains, buses, and taxis. The company generates the majority of its revenue from the Transport business.
75GF Score

Get the complete analysis for NGO:9048

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

円1,805.00
Price
円1,740.30
GF Value