NHCZF (Nihon Chouzai Co) Cyclically Adjusted PB Ratio: 2.32 (As of Jul. 23, 2026) — 32% Above Median

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NHCZF Nihon Chouzai Co Ltd NHCZF
9 GF Score
Price $16.02
GF Value $6.38
! 10 Warning Signs
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What is Nihon Chouzai Co Cyclically Adjusted PB Ratio?

Nihon Chouzai Co NHCZF 9 Cyclically Adjusted PB Ratio is 2.32 as of Jul. 23, 2026, which is 32% above its 10-year median of 1.76. GuruFocus rates NHCZF with a GF Score™ of 9/100 and a GF Value™ of $6.38. The stock has 10 warning signs investors should review.

As of today (2026-07-23), Nihon Chouzai Co's current share price is $16.021923. Nihon Chouzai Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was $6.90. Nihon Chouzai Co's Cyclically Adjusted PB Ratio for today is 2.32.

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

NHCZF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.76   Max: 3.25
Current: 2.34

During the past years, Nihon Chouzai Co's highest Cyclically Adjusted PB Ratio was 3.25. The lowest was 0.80. And the median was 1.76.

NHCZF's Cyclically Adjusted PB Ratio is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 1.85 vs NHCZF: 2.34

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.

Nihon Chouzai Co's adjusted book value per share data for the three months ended in Sep. 2025 was $2,129.426. 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 $6.90 for the trailing ten years ended in Sep. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nihon Chouzai Co  (OTCPK:NHCZF) 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.


Nihon Chouzai Co Cyclically Adjusted PB Ratio Related Terms


Nihon Chouzai Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nihon Chouzai 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.

Nihon Chouzai Co Cyclically Adjusted PB Ratio Chart

Nihon Chouzai Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.81 1.19 0.90 1.09 0.93

Nihon Chouzai Co Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25
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 1.00 0.88 0.93 1.95 2.32

Nihon Chouzai Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Pharmaceutical Retailers subindustry, Nihon Chouzai 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.


Nihon Chouzai Co Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Nihon Chouzai Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NHCZF
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Nihon Chouzai Co Ltd NHCZF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nihon Chouzai 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.021923/6.90
=2.32

* 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.

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

For example, Nihon Chouzai Co's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=2129.426/112.0000*112.0000
=2,129.426

Current CPI (Sep. 2025) = 112.0000.

Nihon Chouzai Co Quarterly Data

Book Value per Share CPI Adj_Book
201509 851.361 98.500 968.045
201512 1,313.740 98.100 1,499.887
201603 1,110.212 97.900 1,270.110
201606 1,132.300 98.100 1,292.738
201609 1,176.638 98.000 1,344.729
201612 1,200.861 98.400 1,366.834
201703 1,246.181 98.100 1,422.755
201706 1,274.236 98.500 1,448.877
201709 1,320.712 98.800 1,497.163
201712 1,381.772 99.400 1,556.926
201803 1,423.178 99.200 1,606.814
201806 1,411.532 99.200 1,593.665
201809 1,393.835 99.900 1,562.658
201812 1,380.096 99.700 1,550.359
201903 1,404.985 99.700 1,578.318
201906 1,423.444 99.800 1,597.452
201909 1,463.169 100.100 1,637.112
201912 1,484.317 100.500 1,654.164
202003 1,613.280 100.300 1,801.469
202006 1,614.203 99.900 1,809.717
202009 1,650.155 99.900 1,850.024
202012 1,705.726 99.300 1,923.880
202103 1,705.435 99.900 1,911.999
202106 1,711.057 99.500 1,926.014
202109 1,741.672 100.100 1,948.724
202112 1,716.969 100.100 1,921.084
202203 1,812.683 101.100 2,008.116
202206 1,811.280 101.800 1,992.764
202209 1,847.966 103.100 2,007.490
202212 1,932.838 104.100 2,079.518
202303 1,938.413 104.400 2,079.524
202306 1,940.150 105.200 2,065.559
202309 1,976.611 106.200 2,084.562
202312 2,036.079 106.800 2,135.214
202403 1,997.323 107.200 2,086.755
202406 1,938.593 108.200 2,006.677
202409 1,928.190 108.900 1,983.079
202503 1,887.924 111.100 1,903.218
202506 1,987.155 111.700 1,992.492
202509 2,129.426 112.000 2,129.426

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 2.32 mean?
Nihon Chouzai Co (NHCZF) has a Cyclically Adjusted PB Ratio of 2.32 as of Jul. 23, 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 Nihon Chouzai Co and its competitors. This is 32% above median its historical median of 1.76. Over the past decade, Nihon Chouzai Co's Cyclically Adjusted PB Ratio has ranged from 0.80 to 3.25.
Is Nihon Chouzai Co's Cyclically Adjusted PB Ratio too high?
Nihon Chouzai Co's current Cyclically Adjusted PB Ratio of 2.32 is 32% above median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 3.25. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.85. Nihon Chouzai Co's value of 2.32 is 25.4% above this industry median. Overall, Nihon Chouzai Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Nihon Chouzai Co's Cyclically Adjusted PB Ratio compare to competitors?
Nihon Chouzai Co's Cyclically Adjusted PB Ratio of 2.32 can be compared against companies in the Healthcare Providers & Services industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Nihon Chouzai Co's value of 2.32 is 25.4% above this benchmark. Historically, Nihon Chouzai Co's own Cyclically Adjusted PB Ratio has ranged from 0.80 to 3.25 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 1.85, Nihon Chouzai 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.85, based on 356 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. Nihon Chouzai Co's current Cyclically Adjusted PB Ratio of 2.32 is 25.4% 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 Nihon Chouzai Co and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Chouzai Co's current Cyclically Adjusted PB Ratio is 2.32, which is 32% above median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Chouzai Co stock overvalued right now?
Nihon Chouzai Co (NHCZF) has a current Cyclically Adjusted PB Ratio of 2.32. The stock's GF Value™ is $6.38, compared to a current price of $16.02 — trading 151.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.32, which is 32% above median its 10-year median of 1.76 and 25.4% above the Healthcare Providers & Services industry median of 1.85. Nihon Chouzai Co's overall GF Score™ is 9/100 with 10 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 Nihon Chouzai Co (NHCZF), the current Cyclically Adjusted PB Ratio is 2.32 as of Jul. 23, 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 Nihon Chouzai Co (NHCZF) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Chouzai Co stock appears to be overvalued. The current stock price of $16.02 is trading 151.1% above its estimated GF Value™ of $6.38.

Key valuation signals for NHCZF:

  • Cyclically Adjusted PB Ratio: 2.32 (32% above median its 10-year median of 1.76)
  • GF Value™: $6.38 vs. price of $16.02 (151.1% above fair value)
  • GF Score™: 9/100 with 10 warning signs
  • Industry Position: 25.4% above the Healthcare Providers & Services median

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


Nihon Chouzai Co Business Description

Address Sapporo Odori Nishi Front Park 8 floors 7-1, Tokyo, JPN
Nihon Chouzai Co Ltd operates in the pharmaceutical industry. The company is organized into segments: Pharmacy, Pharmaceutical Manufacturing and Sales, and Healthcare Staffing Services and operates mainly from Japan. Through its operating segments, the firm manages a chain of pharmacies nationwide, manufactures and sells generic drugs, and provides staffing services that are specialized in pharmacy.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.02
Price
$6.38
GF Value