NPKYY (Nippon Kayaku Co) Cyclically Adjusted PB Ratio: 1.43 (As of Jul. 17, 2026) — 40% Above Median

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NPKYY Nippon Kayaku Co Ltd NPKYY
72 GF Score
Price $13.16
GF Value $10.95
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Nippon Kayaku Co Cyclically Adjusted PB Ratio?

Nippon Kayaku Co NPKYY 72 Cyclically Adjusted PB Ratio is 1.43 as of Jul. 17, 2026, which is 40% above its 10-year median of 1.02. GuruFocus rates NPKYY with a GF Score™ of 72/100 and a GF Value™ of $10.95 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,282 Chemicals companies, Nippon Kayaku Co ranks better than 58.66% on this metric.

As of today (2026-07-17), Nippon Kayaku Co's current share price is $13.16. Nippon Kayaku Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $9.19. Nippon Kayaku Co's Cyclically Adjusted PB Ratio for today is 1.43.

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

NPKYY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.02   Max: 2.12
Current: 1.31

During the past years, Nippon Kayaku Co's highest Cyclically Adjusted PB Ratio was 2.12. The lowest was 0.79. And the median was 1.02.

NPKYY's Cyclically Adjusted PB Ratio is ranked better than
58.66% of 1282 companies
in the Chemicals industry
Industry Median: 1.705 vs NPKYY: 1.31

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.

Nippon Kayaku Co's adjusted book value per share data for the three months ended in Dec. 2025 was $11.662. 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 $9.19 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Kayaku Co  (OTCPK:NPKYY) 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.


Nippon Kayaku Co Cyclically Adjusted PB Ratio Related Terms


Nippon Kayaku Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Kayaku 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.

Nippon Kayaku Co Cyclically Adjusted PB Ratio Chart

Nippon Kayaku 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 1.02 0.96 0.97 0.98 0.00

Nippon Kayaku 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 0.98 0.88 0.94 1.11 0.00

NPKYY vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Nippon Kayaku 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.


Nippon Kayaku Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Kayaku Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NPKYY
72GF Score
Nippon Kayaku Co Ltd NPKYY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Kayaku 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.

Nippon Kayaku Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.16/9.19
=1.43

* 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.

Nippon Kayaku Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Nippon Kayaku Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=11.662/113.0000*113.0000
=11.662

Current CPI (Dec. 2025) = 113.0000.

Nippon Kayaku Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 9.524 97.900 10.993
201606 9.840 98.100 11.335
201609 10.250 98.000 11.819
201612 9.415 98.400 10.812
201703 9.925 98.100 11.432
201706 10.337 98.500 11.859
201709 10.672 98.800 12.206
201712 10.667 99.400 12.126
201803 11.346 99.200 12.924
201806 11.027 99.200 12.561
201809 11.054 99.900 12.504
201812 10.904 99.700 12.359
201903 11.226 99.700 12.724
201906 11.420 99.800 12.930
201909 11.910 100.100 13.445
201912 11.588 100.500 13.029
202003 11.384 100.300 12.825
202006 11.490 99.900 12.997
202009 11.911 99.900 13.473
202012 12.324 99.300 14.024
202103 12.254 99.900 13.861
202106 12.289 99.500 13.956
202109 12.552 100.100 14.170
202112 12.384 100.100 13.980
202203 12.305 101.100 13.753
202206 11.160 101.800 12.388
202209 10.711 103.100 11.740
202212 11.269 104.100 12.232
202303 11.464 104.400 12.408
202306 11.204 105.200 12.035
202309 10.870 106.200 11.566
202312 10.842 106.800 11.471
202403 10.848 107.200 11.435
202406 10.515 108.200 10.981
202409 11.257 108.900 11.681
202412 10.860 110.700 11.086
202503 11.225 111.100 11.417
202506 11.611 111.700 11.746
202509 11.849 112.000 11.955
202512 11.662 113.000 11.662

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 1.43 mean?
Nippon Kayaku Co (NPKYY) has a Cyclically Adjusted PB Ratio of 1.43 as of Jul. 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 Nippon Kayaku Co and its competitors. This is 40% above median its historical median of 1.02. Over the past decade, Nippon Kayaku Co's Cyclically Adjusted PB Ratio has ranged from 0.79 to 2.12. According to the industry distribution chart, Nippon Kayaku Co ranks #530 out of 1282 companies in the Chemicals industry, placing it in the top 41.3%.
Is Nippon Kayaku Co's Cyclically Adjusted PB Ratio too high?
Nippon Kayaku Co's current Cyclically Adjusted PB Ratio of 1.43 is 40% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 2.12. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.71. Nippon Kayaku Co's value of 1.43 is 16.1% below this industry median. Based on the distribution chart, Nippon Kayaku Co ranks #530 out of 1282 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nippon Kayaku Co has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Kayaku Co's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Nippon Kayaku Co ranks #530 out of 1282 companies for Cyclically Adjusted PB Ratio. This puts Nippon Kayaku Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.71. Nippon Kayaku Co's value of 1.43 is 16.1% below this benchmark. Historically, Nippon Kayaku Co's own Cyclically Adjusted PB Ratio has ranged from 0.79 to 2.12 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 1.71, Nippon Kayaku 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.71, based on 1,282 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. Nippon Kayaku Co's current Cyclically Adjusted PB Ratio of 1.43 is 16.1% 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 Nippon Kayaku Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Kayaku Co's current Cyclically Adjusted PB Ratio is 1.43, which is 40% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Kayaku Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Kayaku Co (NPKYY) is currently considered Modestly Overvalued. The stock's GF Value™ is $10.95, compared to a current price of $13.16 — trading 20.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.43, which is 40% above median its 10-year median of 1.02 and 16.1% below the Chemicals industry median of 1.71. Nippon Kayaku Co's overall GF Score™ is 72/100 with 7 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 Nippon Kayaku Co (NPKYY), the current Cyclically Adjusted PB Ratio is 1.43 as of Jul. 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 Nippon Kayaku Co (NPKYY) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Kayaku Co stock appears to be overvalued. The current stock price of $13.16 is trading 20.2% above its estimated GF Value™ of $10.95. GuruFocus considers Nippon Kayaku Co to be Modestly Overvalued.

Key valuation signals for NPKYY:

  • Cyclically Adjusted PB Ratio: 1.43 (40% above median its 10-year median of 1.02)
  • GF Value™: $10.95 vs. price of $13.16 (20.2% above fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 16.1% below the Chemicals median (#530 of 1282)

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


Nippon Kayaku Co Business Description

Other Exchanges 4272:JapanNP7:Germany
Address 1-1, Marunouchi 2-chome, Chiyoda-ku, Meiji Yasuda Seimei Building 19th and 20th Floors, Tokyo, JPN, 100-0005
Nippon Kayaku Co Ltd manufactures and sells a variety of chemicals. The firm organizes itself into four segments based on product type. The functional chemicals segment, which generates more revenue than any other segment, sells epoxy resins used as flame retardants in electronics, colorants and dyes used in inkjet printers and the manufacture of textiles. The pharmaceuticals segment sells anti-cancer drugs, biological drugs, cardiovascular agents, vitamin compounds, and anti-inflammatory agents. The safety systems segment sells airbag inflators and micro gas generators for seatbelt pretensioners to the automotive industry, both of which are used to protect passengers during an accident. The agrochemicals segment sells insecticides and herbicides. The majority of revenue comes from Asia.
72GF Score

Get the complete analysis for NPKYY

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

$13.16
Price
$10.95
GF Value