NHMBF (Nohmi Bosai) Cyclically Adjusted PB Ratio: 1.56 (As of Sep. 17, 2026) — 15% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NHMBF Nohmi Bosai Ltd NHMBF
91 GF Score
Price $23.37
GF Value $20.98
! 1 Warning Sign
View Full Analysis

What is Nohmi Bosai Cyclically Adjusted PB Ratio?

Nohmi Bosai NHMBF 91 Cyclically Adjusted PB Ratio is 1.56 as of Sep. 17, 2026, which is 15% below its 10-year median of 1.83. GuruFocus rates NHMBF with a GF Score™ of 91/100 and a GF Value™ of $20.98. The stock has 1 warning sign investors should review. Among 688 Business Services companies, Nohmi Bosai ranks worse than 63.66% on this metric.

As of today (2026-09-17), Nohmi Bosai's current share price is $23.37. Nohmi Bosai's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $14.97. Nohmi Bosai's Cyclically Adjusted PB Ratio for today is 1.56.

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

NHMBF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.83   Max: 2.69
Current: 2.16

During the past years, Nohmi Bosai's highest Cyclically Adjusted PB Ratio was 2.69. The lowest was 1.10. And the median was 1.83.

NHMBF's Cyclically Adjusted PB Ratio is ranked worse than
63.66% of 688 companies
in the Business Services industry
Industry Median: 1.53 vs NHMBF: 2.16

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.

Nohmi Bosai's adjusted book value per share data for the three months ended in Mar. 2026 was $14.842. 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 $14.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nohmi Bosai  (OTCPK:NHMBF) 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.


Nohmi Bosai Cyclically Adjusted PB Ratio Related Terms


Nohmi Bosai Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nohmi Bosai'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.

Nohmi Bosai Cyclically Adjusted PB Ratio Chart

Nohmi Bosai 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 0.00 0.00 0.00 0.00 1.52

Nohmi Bosai Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.60 1.59 1.57 1.56 1.55

NHMBF vs ALLE, MSA, ADT: Cyclically Adjusted PB Ratio Comparison

For the Security & Protection Services subindustry, Nohmi Bosai'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.


Nohmi Bosai Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Nohmi Bosai's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NHMBF
91GF Score
Nohmi Bosai Ltd NHMBF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nohmi Bosai 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.

Nohmi Bosai's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.37/14.971
=1.56

* 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.

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

For example, Nohmi Bosai'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)
=14.842/112.7000*112.7000
=14.842

Current CPI (Mar. 2026) = 112.7000.

Nohmi Bosai Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.242 98.100 12.915
201609 11.589 98.000 13.327
201612 10.150 98.400 11.625
201703 11.229 98.100 12.900
201706 11.098 98.500 12.698
201709 11.357 98.800 12.955
201712 11.626 99.400 13.182
201803 13.049 99.200 14.825
201806 12.411 99.200 14.100
201809 12.256 99.900 13.826
201812 12.707 99.700 14.364
201903 13.389 99.700 15.135
201906 13.703 99.800 15.474
201909 14.114 100.100 15.891
201912 14.216 100.500 15.942
202003 15.004 100.300 16.859
202006 14.916 99.900 16.827
202009 15.556 99.900 17.549
202012 16.005 99.300 18.165
202103 15.627 99.900 17.629
202106 15.594 99.500 17.663
202109 15.876 100.100 17.874
202112 15.433 100.100 17.376
202203 15.284 101.100 17.038
202206 13.511 101.800 14.958
202209 12.790 103.100 13.981
202212 14.111 104.100 15.277
202303 14.526 104.400 15.681
202306 13.270 105.200 14.216
202309 13.026 106.200 13.823
202312 13.806 106.800 14.569
202403 13.706 107.200 14.409
202406 12.673 108.200 13.200
202409 14.526 108.900 15.033
202412 13.322 110.700 13.563
202503 14.774 111.100 14.987
202506 14.956 111.700 15.090
202509 14.876 112.000 14.969
202512 14.158 113.000 14.120
202603 14.842 112.700 14.842

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 1.56 mean?
Nohmi Bosai (NHMBF) has a Cyclically Adjusted PB Ratio of 1.56 as of Sep. 17, 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 Nohmi Bosai and its competitors. This is 15% below median its historical median of 1.83. Over the past decade, Nohmi Bosai's Cyclically Adjusted PB Ratio has ranged from 1.10 to 2.69. According to the industry distribution chart, Nohmi Bosai ranks #438 out of 688 companies in the Business Services industry, placing it in the top 63.7%.
Is Nohmi Bosai's Cyclically Adjusted PB Ratio too high?
Nohmi Bosai's current Cyclically Adjusted PB Ratio of 1.56 is 15% below median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 2.69. The Business Services industry median Cyclically Adjusted PB Ratio is 1.53. Nohmi Bosai's value of 1.56 is 2% above this industry median. Based on the distribution chart, Nohmi Bosai ranks #438 out of 688 companies in the Business Services industry, which is below the industry midpoint. Overall, Nohmi Bosai has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Nohmi Bosai's Cyclically Adjusted PB Ratio compare to ALLE and MSA?
According to the Business Services industry distribution chart, Nohmi Bosai ranks #438 out of 688 companies for Cyclically Adjusted PB Ratio. This places Nohmi Bosai in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Nohmi Bosai's value of 1.56 is 2% above this benchmark. Historically, Nohmi Bosai's own Cyclically Adjusted PB Ratio has ranged from 1.10 to 2.69 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 1.53, Nohmi Bosai 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.53, based on 688 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. Nohmi Bosai's current Cyclically Adjusted PB Ratio of 1.56 is 2% 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 Nohmi Bosai and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nohmi Bosai's current Cyclically Adjusted PB Ratio is 1.56, which is 15% below median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nohmi Bosai stock overvalued right now?
Nohmi Bosai (NHMBF) has a current Cyclically Adjusted PB Ratio of 1.56. The stock's GF Value™ is $20.98, compared to a current price of $23.37 — trading 11.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.56, which is 15% below median its 10-year median of 1.83 and 2% above the Business Services industry median of 1.53. Nohmi Bosai's overall GF Score™ is 91/100 with 1 warning sign 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 Nohmi Bosai (NHMBF), the current Cyclically Adjusted PB Ratio is 1.56 as of Sep. 17, 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 Nohmi Bosai (NHMBF) Overvalued in 2026?

Based on GuruFocus' analysis, Nohmi Bosai stock appears to be overvalued. The current stock price of $23.37 is trading 11.4% above its estimated GF Value™ of $20.98.

Key valuation signals for NHMBF:

  • Cyclically Adjusted PB Ratio: 1.56 (15% below median its 10-year median of 1.83)
  • GF Value™: $20.98 vs. price of $23.37 (11.4% above fair value)
  • GF Score™: 91/100 with 1 warning sign
  • Industry Position: 2% above the Business Services median (#438 of 688)

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


Nohmi Bosai Business Description

Other Exchanges 6744:Japan
Address 4-7-3 Kudan-Minami, Chiyoda-ku, Tokyo, JPN, 102-8277
Nohmi Bosai Ltd manufactures fire alarm systems. The company offers fire alarm systems and fire extinguishing systems such as automatic fire alarm systems, environmental monitoring systems, fire doors and smoke control systems, sprinkler systems, foam systems, and fire protection equipment. Its products and solutions are used in homes and large commercial and industrial facilities, including office buildings, leisure complexes, industrial plants, factories, and road tunnels. The company also offers maintenance services including inspections and repairs, telephone support, and fire protection consulting services. Nohmi Bosai operates primarily in Japan.
91GF Score

Get the complete analysis for NHMBF

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

$23.37
Price
$20.98
GF Value