NPSGY (Nippon Sheet Glass Co) Cyclically Adjusted PB Ratio: 0.31 (As of Jul. 27, 2026) — 16% 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.

NPSGY Nippon Sheet Glass Co Ltd NPSGY
64 GF Score
Price $2.85
GF Value $2.31
Valuation Modestly Overvalued
! 11 Warning Signs
View Full Analysis

What is Nippon Sheet Glass Co Cyclically Adjusted PB Ratio?

Nippon Sheet Glass Co NPSGY -5.00% 64 Cyclically Adjusted PB Ratio is 0.31 as of Jul. 27, 2026, which is 16% below its 10-year median of 0.37. GuruFocus rates NPSGY with a GF Score™ of 64/100 and a GF Value™ of $2.31 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,027 Vehicles & Parts companies, Nippon Sheet Glass Co ranks better than 85% on this metric.

As of today (2026-07-27), Nippon Sheet Glass Co's current share price is $2.85. Nippon Sheet Glass Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $9.15. Nippon Sheet Glass Co's Cyclically Adjusted PB Ratio for today is 0.31.

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

NPSGY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.37   Max: 0.62
Current: 0.37

During the past years, Nippon Sheet Glass Co's highest Cyclically Adjusted PB Ratio was 0.62. The lowest was 0.16. And the median was 0.37.

NPSGY's Cyclically Adjusted PB Ratio is ranked better than
85% of 1027 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs NPSGY: 0.37

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 Sheet Glass Co's adjusted book value per share data for the three months ended in Mar. 2026 was $6.698. 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 $9.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Sheet Glass Co  (OTCPK:NPSGY) 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 Sheet Glass Co Cyclically Adjusted PB Ratio Related Terms


Nippon Sheet Glass Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Sheet Glass 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 Sheet Glass Co Cyclically Adjusted PB Ratio Chart

Nippon Sheet Glass 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 0.30 0.44 0.37 0.29 0.36

Nippon Sheet Glass 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 0.29 0.33 0.38 0.45 0.36

NPSGY vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Nippon Sheet Glass 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 Sheet Glass Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nippon Sheet Glass Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NPSGY
64GF Score
Nippon Sheet Glass Co Ltd NPSGY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.85/9.15
=0.31

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

For example, Nippon Sheet Glass Co'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)
=6.698/112.7000*112.7000
=6.698

Current CPI (Mar. 2026) = 112.7000.

Nippon Sheet Glass Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.834 98.100 12.446
201609 5.640 98.000 6.486
201612 8.700 98.400 9.964
201703 12.168 98.100 13.979
201706 13.193 98.500 15.095
201709 14.181 98.800 16.176
201712 13.227 99.400 14.997
201803 14.091 99.200 16.009
201806 12.750 99.200 14.485
201809 13.691 99.900 15.445
201812 11.803 99.700 13.342
201903 12.294 99.700 13.897
201906 10.852 99.800 12.255
201909 9.505 100.100 10.701
201912 10.553 100.500 11.834
202003 7.545 100.300 8.478
202006 5.746 99.900 6.482
202009 5.091 99.900 5.743
202012 6.503 99.300 7.381
202103 6.378 99.900 7.195
202106 7.491 99.500 8.485
202109 8.636 100.100 9.723
202112 9.391 100.100 10.573
202203 13.469 101.100 15.014
202206 14.888 101.800 16.482
202209 11.631 103.100 12.714
202212 8.919 104.100 9.656
202303 7.966 104.400 8.599
202306 9.662 105.200 10.351
202309 9.369 106.200 9.942
202312 8.433 106.800 8.899
202403 9.079 107.200 9.545
202406 10.213 108.200 10.638
202409 8.357 108.900 8.649
202412 8.537 110.700 8.691
202503 7.923 111.100 8.037
202506 7.535 111.700 7.602
202509 7.433 112.000 7.479
202512 8.011 113.000 7.990
202603 6.698 112.700 6.698

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 0.31 mean?
Nippon Sheet Glass Co (NPSGY) has a Cyclically Adjusted PB Ratio of 0.31 as of Jul. 27, 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 Sheet Glass Co and its competitors. This is 16% below median its historical median of 0.37. Over the past decade, Nippon Sheet Glass Co's Cyclically Adjusted PB Ratio has ranged from 0.16 to 0.62. According to the industry distribution chart, Nippon Sheet Glass Co ranks #154 out of 1027 companies in the Vehicles & Parts industry, placing it in the top 15%.
Is Nippon Sheet Glass Co's Cyclically Adjusted PB Ratio too high?
Nippon Sheet Glass Co's current Cyclically Adjusted PB Ratio of 0.31 is 16% below median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.62. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. Nippon Sheet Glass Co's value of 0.31 is 75.4% below this industry median. Based on the distribution chart, Nippon Sheet Glass Co ranks #154 out of 1027 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Sheet Glass Co has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Sheet Glass Co's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nippon Sheet Glass Co ranks #154 out of 1027 companies for Cyclically Adjusted PB Ratio. This places Nippon Sheet Glass Co in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.26. Nippon Sheet Glass Co's value of 0.31 is 75.4% below this benchmark. Historically, Nippon Sheet Glass Co's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 0.62 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 1.26, Nippon Sheet Glass 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 1,027 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 Sheet Glass Co's current Cyclically Adjusted PB Ratio of 0.31 is 75.4% 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 Sheet Glass Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Sheet Glass Co's current Cyclically Adjusted PB Ratio is 0.31, which is 16% below median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Sheet Glass Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Sheet Glass Co (NPSGY) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.31, compared to a current price of $2.85 — trading 23.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.31, which is 16% below median its 10-year median of 0.37 and 75.4% below the Vehicles & Parts industry median of 1.26. Nippon Sheet Glass Co's overall GF Score™ is 64/100 with 11 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 Sheet Glass Co (NPSGY), the current Cyclically Adjusted PB Ratio is 0.31 as of Jul. 27, 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 Sheet Glass Co (NPSGY) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Sheet Glass Co stock appears to be overvalued. The current stock price of $2.85 is trading 23.4% above its estimated GF Value™ of $2.31. GuruFocus considers Nippon Sheet Glass Co to be Modestly Overvalued.

Key valuation signals for NPSGY:

  • Cyclically Adjusted PB Ratio: 0.31 (16% below median its 10-year median of 0.37)
  • GF Value™: $2.31 vs. price of $2.85 (23.4% above fair value)
  • GF Score™: 64/100 with 11 warning signs
  • Industry Position: 75.4% below the Vehicles & Parts median (#154 of 1027)

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


Nippon Sheet Glass Co Business Description

Other Exchanges 5202:JapanNI9:Germany
Address Sumitomo Fudosan Mita Twin Building West Wing, 5-27, Mita 3-chome, Minato-Ku, Tokyo, JPN, 108-6321
Nippon Sheet Glass Co Ltd manufactures glass and glazing products for many industries. The architectural segment, which accounts for roughly 40% of the company's total revenue, sells flat glass and glazing products to commercial and residential markets and the solar energy sector. The automotive segment, which accounts for roughly half of the company's total revenue, supplies a wide range of automotive glazing to vehicle manufacturers for new vehicles and replacement markets. The technical glass segment sells thin glass and glass fiber products for small displays, lenses, printers, and engine timing belts. Nippon sells its products worldwide, with more than a third of its sales in Europe, roughly a third in Japan and the rest of Asia, and the remaining sales in the Americas.
64GF Score

Get the complete analysis for NPSGY

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

$2.85
Price
$2.31
GF Value