Nipro (NPRRF) Cyclically Adjusted PB Ratio: 1.21 (As of Aug. 05, 2026) — Near Median

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NPRRF Nipro Corp NPRRF
72 GF Score
Price $9.96
GF Value $9.30
! 6 Warning Signs
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What is Nipro Cyclically Adjusted PB Ratio?

Nipro NPRRF 72 Cyclically Adjusted PB Ratio is 1.21 as of Aug. 05, 2026, which is 3% below its 10-year median of 1.25. GuruFocus rates NPRRF with a GF Score™ of 72/100 and a GF Value™ of $9.30. The stock has 6 warning signs investors should review. Among 521 Medical Devices & Instruments companies, Nipro ranks better than 62.19% on this metric.

As of today (2026-08-05), Nipro's current share price is $9.96. Nipro's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $8.21. Nipro's Cyclically Adjusted PB Ratio for today is 1.21.

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

NPRRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.95   Med: 1.25   Max: 1.95
Current: 1.23

During the past years, Nipro's highest Cyclically Adjusted PB Ratio was 1.95. The lowest was 0.95. And the median was 1.25.

NPRRF's Cyclically Adjusted PB Ratio is ranked better than
62.19% of 521 companies
in the Medical Devices & Instruments industry
Industry Median: 1.77 vs NPRRF: 1.23

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.

Nipro's adjusted book value per share data for the three months ended in Mar. 2026 was $10.592. 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 $8.21 for the trailing ten years ended in Mar. 2026.

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 1.08 0.98 1.09 1.11 1.21

Nipro 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 1.11 1.03 1.21 1.16 1.21

NPRRF vs ISRG, BDX, MDLN: 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
72GF Score
Nipro Corp NPRRF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.96/8.21
=1.21

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

For example, Nipro'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)
=10.592/112.7000*112.7000
=10.592

Current CPI (Mar. 2026) = 112.7000.

Nipro Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.334 98.100 9.574
201609 8.245 98.000 9.482
201612 7.821 98.400 8.958
201703 8.852 98.100 10.169
201706 9.377 98.500 10.729
201709 9.780 98.800 11.156
201712 9.817 99.400 11.131
201803 9.781 99.200 11.112
201806 9.186 99.200 10.436
201809 9.311 99.900 10.504
201812 8.774 99.700 9.918
201903 8.908 99.700 10.070
201906 9.110 99.800 10.288
201909 8.906 100.100 10.027
201912 8.979 100.500 10.069
202003 8.473 100.300 9.521
202006 8.256 99.900 9.314
202009 8.685 99.900 9.798
202012 9.036 99.300 10.255
202103 9.083 99.900 10.247
202106 9.621 99.500 10.897
202109 9.860 100.100 11.101
202112 9.680 100.100 10.898
202203 9.578 101.100 10.677
202206 9.236 101.800 10.225
202209 9.458 103.100 10.339
202212 10.134 104.100 10.971
202303 9.464 104.400 10.216
202306 9.241 105.200 9.900
202309 9.833 106.200 10.435
202312 10.365 106.800 10.938
202403 9.522 107.200 10.011
202406 9.584 108.200 9.983
202409 11.146 108.900 11.535
202412 9.297 110.700 9.465
202503 10.384 111.100 10.534
202506 10.109 111.700 10.200
202509 9.908 112.000 9.970
202512 10.033 113.000 10.006
202603 10.592 112.700 10.592

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 1.21 mean?
Nipro (NPRRF) has a Cyclically Adjusted PB Ratio of 1.21 as of Aug. 05, 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 Nipro and its competitors. This is near median its historical median of 1.25. Over the past decade, Nipro's Cyclically Adjusted PB Ratio has ranged from 0.95 to 1.95. According to the industry distribution chart, Nipro ranks #197 out of 521 companies in the Medical Devices & Instruments industry, placing it in the top 37.8%.
Is Nipro's Cyclically Adjusted PB Ratio too high?
Nipro's current Cyclically Adjusted PB Ratio of 1.21 is near median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 1.95. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.77. Nipro's value of 1.21 is 31.6% below this industry median. Based on the distribution chart, Nipro ranks #197 out of 521 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Nipro has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Nipro's Cyclically Adjusted PB Ratio compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Nipro ranks #197 out of 521 companies for Cyclically Adjusted PB Ratio. This puts Nipro in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.77. Nipro's value of 1.21 is 31.6% below this benchmark. Historically, Nipro's own Cyclically Adjusted PB Ratio has ranged from 0.95 to 1.95 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 1.77, Nipro 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.77, based on 521 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. Nipro's current Cyclically Adjusted PB Ratio of 1.21 is 31.6% 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 Nipro and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nipro's current Cyclically Adjusted PB Ratio is 1.21, which is near median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nipro stock overvalued right now?
Nipro (NPRRF) has a current Cyclically Adjusted PB Ratio of 1.21. The stock's GF Value™ is $9.30, compared to a current price of $9.96 — trading 7.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.21, which is near median its 10-year median of 1.25 and 31.6% below the Medical Devices & Instruments industry median of 1.77. Nipro's overall GF Score™ is 72/100 with 6 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 Nipro (NPRRF), the current Cyclically Adjusted PB Ratio is 1.21 as of Aug. 05, 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 Nipro (NPRRF) Overvalued in 2026?

Based on GuruFocus' analysis, Nipro stock appears to be overvalued. The current stock price of $9.96 is trading 7.1% above its estimated GF Value™ of $9.30.

Key valuation signals for NPRRF:

  • Cyclically Adjusted PB Ratio: 1.21 (near median its 10-year median of 1.25)
  • GF Value™: $9.30 vs. price of $9.96 (7.1% above fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 31.6% below the Medical Devices & Instruments median (#197 of 521)

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.
72GF Score

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

$9.96
Price
$9.30
GF Value