Nipro (NPRRF) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

NPRRF Nipro Corp NPRRF
74 GF Score
Price $9.96
GF Value $10.26
! 6 Warning Signs
View Full Analysis

What is Nipro Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nipro  (OTCPK:NPRRF) 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.


Nipro Cyclically Adjusted PB Ratio Related Terms


Nipro Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nipro'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.

Nipro Cyclically Adjusted PB Ratio Chart

Nipro 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 0.89 0.84 0.81 0.74 0.86

Nipro 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 0.74 0.74 0.73 0.88 0.86

NPRRF vs ISRG, BDX, RMD: Cyclically Adjusted PB Ratio Comparison

For the Medical Instruments & Supplies subindustry, Nipro'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.


Nipro Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nipro's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NPRRF
74GF Score
Nipro Corp NPRRF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nipro 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.

Nipro's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Nipro's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=12.73/113.6000*113.6000
=12.730

Current CPI (Jun. 2026) = 113.6000.

Nipro Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.924 98.000 10.345
201612 8.457 98.400 9.763
201703 9.528 98.100 11.033
201706 9.808 98.500 11.312
201709 10.168 98.800 11.691
201712 10.400 99.400 11.886
201803 10.367 99.200 11.872
201806 9.695 99.200 11.102
201809 9.766 99.900 11.105
201812 9.575 99.700 10.910
201903 9.518 99.700 10.845
201906 9.740 99.800 11.087
201909 9.456 100.100 10.731
201912 9.714 100.500 10.980
202003 9.157 100.300 10.371
202006 8.944 99.900 10.171
202009 9.424 99.900 10.716
202012 9.844 99.300 11.262
202103 9.658 99.900 10.982
202106 10.271 99.500 11.726
202109 10.483 100.100 11.897
202112 10.315 100.100 11.706
202203 10.096 101.100 11.344
202206 9.805 101.800 10.942
202209 10.046 103.100 11.069
202212 11.161 104.100 12.180
202303 11.157 104.400 12.140
202306 10.571 105.200 11.415
202309 11.257 106.200 12.041
202312 12.205 106.800 12.982
202403 10.930 107.200 11.583
202406 10.842 108.200 11.383
202409 12.780 108.900 13.332
202412 10.583 110.700 10.860
202503 12.777 111.100 13.065
202506 12.610 111.700 12.824
202509 12.361 112.000 12.538
202512 12.312 113.000 12.377
202603 12.902 112.700 13.005
202606 12.730 113.600 12.730

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 Nipro (NPRRF) Overvalued in 2026?

Based on GuruFocus' analysis, Nipro stock appears to be undervalued. The current stock price of $9.96 is trading 2.9% below its estimated GF Value™ of $10.26.

Key valuation signals for NPRRF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $10.26 vs. price of $9.96 (2.9% below fair value)
  • GF Score™: 74/100 with 6 warning signs

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


Nipro Business Description

Other Exchanges 8086:Japan5FA:Germany
Address 3-9-3 Honjo-Nishi Kita-ku, Osaka, JPN, 531-8510
Nipro Corp develops medical devices, most of which are related to dialysis and artificial organs. The firm operates in four segments: medical, pharmaceutical, glass, and other. The medical segment contributes the majority of revenue. It sells products related to injections, infusions, artificial organs, and cell cultures, as well as medical equipment for renal treatment, diabetes, and generic drugs. Renal products contribute the largest proportion of sales within the medical segment. The pharmaceutical segment manufactures pharmaceuticals, including oral drugs and injectables, which are supplied to pharmaceutical companies in Japan. The glass business sells glass products used for medical applications, such as vials and syringes. Nipro generates the majority of its revenue in Japan.
74GF Score

Get the complete analysis for NPRRF

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

$9.96
Price
$10.26
GF Value