NSHKF (Nippon Shokubai Co) Cyclically Adjusted PB Ratio: 0.71 (As of Aug. 16, 2026) — 14% Below Median

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NSHKF Nippon Shokubai Co Ltd NSHKF
64 GF Score
Price $12.82
GF Value $14.40
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Nippon Shokubai Co Cyclically Adjusted PB Ratio?

Nippon Shokubai Co NSHKF -19.17% 64 Cyclically Adjusted PB Ratio is 0.71 as of Aug. 16, 2026, which is 14% below its 10-year median of 0.83. GuruFocus rates NSHKF with a GF Score™ of 64/100 and a GF Value™ of $14.40 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,203 Chemicals companies, Nippon Shokubai Co ranks better than 65.25% on this metric.

As of today (2026-08-16), Nippon Shokubai Co's current share price is $12.82. Nippon Shokubai Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $18.17. Nippon Shokubai Co's Cyclically Adjusted PB Ratio for today is 0.71.

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

NSHKF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 0.83   Max: 1.51
Current: 1.12

During the past years, Nippon Shokubai Co's highest Cyclically Adjusted PB Ratio was 1.51. The lowest was 0.64. And the median was 0.83.

NSHKF's Cyclically Adjusted PB Ratio is ranked better than
65.25% of 1203 companies
in the Chemicals industry
Industry Median: 1.68 vs NSHKF: 1.12

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 Shokubai Co's adjusted book value per share data for the three months ended in Jun. 2026 was $16.908. 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 $18.17 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Shokubai Co  (OTCPK:NSHKF) 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 Shokubai Co Cyclically Adjusted PB Ratio Related Terms


Nippon Shokubai Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

Nippon Shokubai 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 0.74 0.68 0.70 0.77 0.97

Nippon Shokubai Co 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 0.72 0.79 0.86 0.97 0.87

NSHKF vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Nippon Shokubai 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 Shokubai Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


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

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.82/18.17
=0.71

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

For example, Nippon Shokubai Co'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)
=16.908/113.6000*113.6000
=16.908

Current CPI (Jun. 2026) = 113.6000.

Nippon Shokubai Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 16.403 98.000 19.014
201612 14.631 98.400 16.891
201703 16.026 98.100 18.558
201706 16.597 98.500 19.141
201709 17.112 98.800 19.675
201712 17.089 99.400 19.530
201803 18.270 99.200 20.922
201806 17.728 99.200 20.301
201809 17.926 99.900 20.384
201812 17.705 99.700 20.173
201903 18.219 99.700 20.759
201906 18.584 99.800 21.154
201909 18.636 100.100 21.149
201912 18.603 100.500 21.028
202003 18.616 100.300 21.085
202006 18.614 99.900 21.167
202009 18.823 99.900 21.404
202012 19.323 99.300 22.106
202103 18.305 99.900 20.815
202106 18.310 99.500 20.905
202109 18.820 100.100 21.358
202112 18.403 100.100 20.885
202203 18.182 101.100 20.430
202206 16.635 101.800 18.563
202209 16.042 103.100 17.676
202212 16.866 104.100 18.405
202303 17.233 104.400 18.752
202306 16.788 105.200 18.128
202309 16.328 106.200 17.466
202312 16.709 106.800 17.773
202403 16.570 107.200 17.559
202406 16.137 108.200 16.942
202409 17.564 108.900 18.322
202412 16.527 110.700 16.960
202503 16.960 111.100 17.342
202506 17.199 111.700 17.492
202509 17.307 112.000 17.554
202512 16.830 113.000 16.919
202603 16.917 112.700 17.052
202606 16.908 113.600 16.908

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 0.71 mean?
Nippon Shokubai Co (NSHKF) has a Cyclically Adjusted PB Ratio of 0.71 as of Aug. 16, 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 Shokubai Co and its competitors. This is 14% below median its historical median of 0.83. Over the past decade, Nippon Shokubai Co's Cyclically Adjusted PB Ratio has ranged from 0.64 to 1.51. According to the industry distribution chart, Nippon Shokubai Co ranks #418 out of 1203 companies in the Chemicals industry, placing it in the top 34.7%.
Is Nippon Shokubai Co's Cyclically Adjusted PB Ratio too high?
Nippon Shokubai Co's current Cyclically Adjusted PB Ratio of 0.71 is 14% below median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.51. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.68. Nippon Shokubai Co's value of 0.71 is 57.7% below this industry median. Based on the distribution chart, Nippon Shokubai Co ranks #418 out of 1203 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nippon Shokubai Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Shokubai Co's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Nippon Shokubai Co ranks #418 out of 1203 companies for Cyclically Adjusted PB Ratio. This puts Nippon Shokubai Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.68. Nippon Shokubai Co's value of 0.71 is 57.7% below this benchmark. Historically, Nippon Shokubai Co's own Cyclically Adjusted PB Ratio has ranged from 0.64 to 1.51 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 1.68, Nippon Shokubai 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 1.68, based on 1,203 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 Shokubai Co's current Cyclically Adjusted PB Ratio of 0.71 is 57.7% 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 Shokubai Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Shokubai Co's current Cyclically Adjusted PB Ratio is 0.71, which is 14% below median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Shokubai Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Shokubai Co (NSHKF) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.40, compared to a current price of $12.82 — trading 11% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.71, which is 14% below median its 10-year median of 0.83 and 57.7% below the Chemicals industry median of 1.68. Nippon Shokubai Co's overall GF Score™ is 64/100 with 8 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 Shokubai Co (NSHKF), the current Cyclically Adjusted PB Ratio is 0.71 as of Aug. 16, 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 Shokubai Co (NSHKF) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Shokubai Co stock appears to be undervalued. The current stock price of $12.82 is trading 11% below its estimated GF Value™ of $14.40. GuruFocus considers Nippon Shokubai Co to be Modestly Undervalued.

Key valuation signals for NSHKF:

  • Cyclically Adjusted PB Ratio: 0.71 (14% below median its 10-year median of 0.83)
  • GF Value™: $14.40 vs. price of $12.82 (11% below fair value)
  • GF Score™: 64/100 with 8 warning signs
  • Industry Position: 57.7% below the Chemicals median (#418 of 1203)

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


Nippon Shokubai Co Business Description

Other Exchanges 4114:Japan
Address 4-1-1, Koraibashi, Kogin Building, Chuo-ku, Osaka, JPN
Nippon Shokubai Co Ltd manufactures and sells a variety of chemicals, catalysts, and chemical-based products. The firm organizes itself into three segments based on product type. The functional chemicals segment, which generates the majority of revenue, sells polymers for concrete mixtures, acrylates used in detergents, and resins for paints and processed adhesive products. The basic chemicals segment sells ethylene oxide and ethylene glycol used in polyester fibers and plastic beverage containers. The environment and catalysts segment sells catalysts used for automotive products and lithium-ion battery production. The majority of revenue comes from Asia.
64GF Score

Get the complete analysis for NSHKF

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

$12.82
Price
$14.40
GF Value