NSHBY (Nisshinbo Holdings) Cyclically Adjusted PB Ratio: 1.36 (As of Jul. 31, 2026) — 97% Above 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.

NSHBY Nisshinbo Holdings Inc NSHBY
63 GF Score
Price $31.35
GF Value $14.90
! 7 Warning Signs
View Full Analysis

What is Nisshinbo Holdings Cyclically Adjusted PB Ratio?

Nisshinbo Holdings NSHBY 63 Cyclically Adjusted PB Ratio is 1.36 as of Jul. 31, 2026, which is 97% above its 10-year median of 0.69. GuruFocus rates NSHBY with a GF Score™ of 63/100 and a GF Value™ of $14.90. The stock has 7 warning signs investors should review. Among 472 Conglomerates companies, Nisshinbo Holdings ranks worse than 57.63% on this metric.

As of today (2026-07-31), Nisshinbo Holdings's current share price is $31.35. Nisshinbo Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $22.97. Nisshinbo Holdings's Cyclically Adjusted PB Ratio for today is 1.36.

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

NSHBY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.69   Max: 1.43
Current: 1.3

During the past years, Nisshinbo Holdings's highest Cyclically Adjusted PB Ratio was 1.43. The lowest was 0.45. And the median was 0.69.

NSHBY's Cyclically Adjusted PB Ratio is ranked worse than
57.63% of 472 companies
in the Conglomerates industry
Industry Median: 1.015 vs NSHBY: 1.30

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.

Nisshinbo Holdings's adjusted book value per share data for the three months ended in Dec. 2025 was $23.596. 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 $22.97 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nisshinbo Holdings  (OTCPK:NSHBY) 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.


Nisshinbo Holdings Cyclically Adjusted PB Ratio Related Terms


Nisshinbo Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nisshinbo Holdings'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.

Nisshinbo Holdings Cyclically Adjusted PB Ratio Chart

Nisshinbo Holdings Annual Data
Trend Mar16 Mar17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.62 0.70 0.53 0.76

Nisshinbo Holdings 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 0.53 0.54 0.66 0.76 0.00

NSHBY vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Nisshinbo Holdings'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.


Nisshinbo Holdings Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nisshinbo Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSHBY
63GF Score
Nisshinbo Holdings Inc NSHBY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nisshinbo Holdings 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.

Nisshinbo Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.35/22.97
=1.36

* 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.

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

For example, Nisshinbo Holdings'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)
=23.596/113.0000*113.0000
=23.596

Current CPI (Dec. 2025) = 113.0000.

Nisshinbo Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201603 26.092 97.900 30.116
201606 26.431 98.100 30.445
201609 26.846 98.000 30.955
201612 24.253 98.400 27.852
201703 25.611 98.100 29.501
201706 27.653 98.500 31.724
201709 28.226 98.800 32.283
201712 28.836 99.400 32.781
201803 31.311 99.200 35.667
201806 29.622 99.200 33.743
201809 29.863 99.900 33.779
201812 25.993 99.700 29.460
201903 26.879 99.700 30.465
201906 26.814 99.800 30.361
201909 26.647 100.100 30.081
201912 26.257 100.500 29.523
202003 25.767 100.300 29.030
202006 25.575 99.900 28.929
202009 25.561 99.900 28.913
202012 26.515 99.300 30.173
202103 27.197 99.900 30.763
202106 27.249 99.500 30.946
202109 26.696 100.100 30.136
202112 27.351 100.100 30.876
202203 29.541 101.100 33.018
202206 25.208 101.800 27.981
202209 23.749 103.100 26.029
202212 24.904 104.100 27.033
202303 26.168 104.400 28.324
202306 25.407 105.200 27.291
202309 21.788 106.200 23.183
202312 22.159 106.800 23.445
202403 22.524 107.200 23.743
202406 21.890 108.200 22.861
202409 22.183 108.900 23.018
202412 22.320 110.700 22.784
202503 23.329 111.100 23.728
202506 23.650 111.700 23.925
202509 23.581 112.000 23.792
202512 23.596 113.000 23.596

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 1.36 mean?
Nisshinbo Holdings (NSHBY) has a Cyclically Adjusted PB Ratio of 1.36 as of Jul. 31, 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 Nisshinbo Holdings and its competitors. This is 97% above median its historical median of 0.69. Over the past decade, Nisshinbo Holdings' Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.43. According to the industry distribution chart, Nisshinbo Holdings ranks #272 out of 472 companies in the Conglomerates industry, placing it in the top 57.6%.
Is Nisshinbo Holdings' Cyclically Adjusted PB Ratio too high?
Nisshinbo Holdings' current Cyclically Adjusted PB Ratio of 1.36 is 97% above median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.43. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. Nisshinbo Holdings' value of 1.36 is 34% above this industry median. Based on the distribution chart, Nisshinbo Holdings ranks #272 out of 472 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Nisshinbo Holdings has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Nisshinbo Holdings' Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Nisshinbo Holdings ranks #272 out of 472 companies for Cyclically Adjusted PB Ratio. This places Nisshinbo Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. Nisshinbo Holdings' value of 1.36 is 34% above this benchmark. Historically, Nisshinbo Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.43 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.02, Nisshinbo Holdings has consistently been above 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.02, based on 472 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. Nisshinbo Holdings's current Cyclically Adjusted PB Ratio of 1.36 is 34% above 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 Nisshinbo Holdings and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nisshinbo Holdings's current Cyclically Adjusted PB Ratio is 1.36, which is 97% above median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nisshinbo Holdings stock overvalued right now?
Nisshinbo Holdings (NSHBY) has a current Cyclically Adjusted PB Ratio of 1.36. The stock's GF Value™ is $14.90, compared to a current price of $31.35 — trading 110.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.36, which is 97% above median its 10-year median of 0.69 and 34% above the Conglomerates industry median of 1.02. Nisshinbo Holdings' overall GF Score™ is 63/100 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 Nisshinbo Holdings (NSHBY), the current Cyclically Adjusted PB Ratio is 1.36 as of Jul. 31, 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 Nisshinbo Holdings (NSHBY) Overvalued in 2026?

Based on GuruFocus' analysis, Nisshinbo Holdings stock appears to be overvalued. The current stock price of $31.35 is trading 110.4% above its estimated GF Value™ of $14.90.

Key valuation signals for NSHBY:

  • Cyclically Adjusted PB Ratio: 1.36 (97% above median its 10-year median of 0.69)
  • GF Value™: $14.90 vs. price of $31.35 (110.4% above fair value)
  • GF Score™: 63/100 with 7 warning signs
  • Industry Position: 34% above the Conglomerates median (#272 of 472)

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


Nisshinbo Holdings Business Description

Other Exchanges 3105:JapanNBO:Germany
Address 2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8650
Nisshinbo Holdings Inc is a Japan-based company that is mainly engaged in electronics, automobile brakes, textiles, paper, and precision instrument businesses. The company's electronics business provides shipping navigation technology, network equipment, microwave-related products, semiconductor devices, and others. The automobile brake business manufactures friction materials and assembly products. The textile business mainly manufactures non-iron shirts, non-woven fabrics, and spandex. The paper business mainly manufactures household paper, specialty paper, and processed paper products. The precision instrument business produces plastic molding parts, precision parts, and others.
63GF Score

Get the complete analysis for NSHBY

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

$31.35
Price
$14.90
GF Value