Nidec (NNDNF) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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.

NNDNF Nidec Corp NNDNF
84 GF Score
Price $16.90
GF Value $21.06
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Nidec Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nidec  (OTCPK:NNDNF) 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.


Nidec Cyclically Adjusted PB Ratio Related Terms


Nidec Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nidec'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.

Nidec Cyclically Adjusted PB Ratio Chart

Nidec 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 9.65 5.77 3.44 2.53 1.95

Nidec Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 2.54 2.10 1.98 2.19 1.97

NNDNF vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Nidec'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.


Nidec Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NNDNF
84GF Score
Nidec Corp NNDNF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nidec 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.

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

For example, Nidec'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)
=10.489/112.0000*112.0000
=10.489

Current CPI (Sep. 2025) = 112.0000.

Nidec Quarterly Data

Book Value per Share CPI Adj_Book
201512 5.617 98.100 6.413
201603 5.785 97.900 6.618
201606 5.876 98.100 6.709
201609 6.106 98.000 6.978
201612 6.087 98.400 6.928
201703 6.479 98.100 7.397
201706 6.590 98.500 7.493
201709 6.954 98.800 7.883
201712 7.190 99.400 8.101
201803 7.485 99.200 8.451
201806 7.434 99.200 8.393
201809 7.636 99.900 8.561
201812 7.763 99.700 8.721
201903 7.823 99.700 8.788
201906 7.628 99.800 8.560
201909 7.690 100.100 8.604
201912 7.971 100.500 8.883
202003 7.651 100.300 8.543
202006 7.681 99.900 8.611
202009 7.972 99.900 8.938
202012 8.288 99.300 9.348
202103 8.605 99.900 9.647
202106 8.679 99.500 9.769
202109 8.948 100.100 10.012
202112 9.045 100.100 10.120
202203 9.348 101.100 10.356
202206 9.248 101.800 10.175
202209 9.238 103.100 10.035
202212 9.314 104.100 10.021
202303 8.927 104.400 9.577
202306 9.218 105.200 9.814
202309 9.446 106.200 9.962
202312 9.710 106.800 10.183
202403 9.534 107.200 9.961
202406 9.752 108.200 10.094
202409 9.894 108.900 10.176
202412 10.068 110.700 10.186
202503 9.778 111.100 9.857
202506 10.144 111.700 10.171
202509 10.489 112.000 10.489

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.

Is Nidec (NNDNF) Overvalued in 2026?

Based on GuruFocus' analysis, Nidec stock appears to be undervalued. The current stock price of $16.90 is trading 19.8% below its estimated GF Value™ of $21.06. GuruFocus considers Nidec to be Modestly Undervalued.

Key valuation signals for NNDNF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $21.06 vs. price of $16.90 (19.8% below fair value)
  • GF Score™: 84/100 with 8 warning signs

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


Nidec Business Description

Address 338 Kuzetonoshiro-cho, Minami-ku, Kyoto, JPN, 601-8205
Nidec is a global leader of brushless direct current motors, which have advantages in power efficiency, silence, and durability. Nidec possesses the number-one market share in a wide variety of products, such as hard disk drive motors, optical disk drive motors, vibration motors on handsets, brushless motors for inverter air conditioners, and brushless motors for electric power steering on automobiles. It continues to benefit from the growing demand for power-efficient motors, driven by strengthening environmental regulations.
84GF Score

Get the complete analysis for NNDNF

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

$16.90
Price
$21.06
GF Value