OTSKY (Otsuka Holdings Co) Cyclically Adjusted PB Ratio: 2.76 (As of Sep. 11, 2026) — 74% Above Median

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OTSKY Otsuka Holdings Co Ltd OTSKY
86 GF Score
Price $36.99
GF Value $29.42
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Otsuka Holdings Co Cyclically Adjusted PB Ratio?

Otsuka Holdings Co OTSKY +0.54% 86 Cyclically Adjusted PB Ratio is 2.76 as of Sep. 11, 2026, which is 74% above its 10-year median of 1.59. GuruFocus rates OTSKY with a GF Score™ of 86/100 and a GF Value™ of $29.42 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 636 Drug Manufacturers companies, Otsuka Holdings Co ranks worse than 67.61% on this metric.

As of today (2026-09-11), Otsuka Holdings Co's current share price is $36.99. Otsuka Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $13.41. Otsuka Holdings Co's Cyclically Adjusted PB Ratio for today is 2.76.

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

OTSKY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.17   Med: 1.59   Max: 2.94
Current: 2.65

During the past years, Otsuka Holdings Co's highest Cyclically Adjusted PB Ratio was 2.94. The lowest was 1.17. And the median was 1.59.

OTSKY's Cyclically Adjusted PB Ratio is ranked worse than
67.61% of 636 companies
in the Drug Manufacturers industry
Industry Median: 1.71 vs OTSKY: 2.65

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.

Otsuka Holdings Co's adjusted book value per share data for the three months ended in Jun. 2026 was $19.177. 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 $13.41 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Otsuka Holdings Co  (OTCPK:OTSKY) 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.


Otsuka Holdings Co Cyclically Adjusted PB Ratio Related Terms


Otsuka Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Otsuka Holdings 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.

Otsuka Holdings Co Cyclically Adjusted PB Ratio Chart

Otsuka Holdings Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.36 1.28 1.46 2.20 2.13

Otsuka Holdings 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 1.78 1.92 2.13 2.61 2.50

OTSKY vs LLY, JNJ, ABBV: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - General subindustry, Otsuka Holdings 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.


Otsuka Holdings Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Otsuka Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OTSKY
86GF Score
Otsuka Holdings Co Ltd OTSKY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Otsuka Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.99/13.41
=2.76

* 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.

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

For example, Otsuka Holdings 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)
=19.177/113.6000*113.6000
=19.177

Current CPI (Jun. 2026) = 113.6000.

Otsuka Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.266 98.000 16.537
201612 13.607 98.400 15.709
201703 13.755 98.100 15.928
201706 14.274 98.500 16.462
201709 14.456 98.800 16.621
201712 14.652 99.400 16.745
201803 14.554 99.200 16.667
201806 14.434 99.200 16.529
201809 14.346 99.900 16.313
201812 14.018 99.700 15.972
201903 14.180 99.700 16.157
201906 14.700 99.800 16.733
201909 14.839 100.100 16.840
201912 14.927 100.500 16.873
202003 14.941 100.300 16.922
202006 15.484 99.900 17.607
202009 15.940 99.900 18.126
202012 16.453 99.300 18.822
202103 16.336 99.900 18.576
202106 16.471 99.500 18.805
202109 16.606 100.100 18.846
202112 16.285 100.100 18.481
202203 16.085 101.100 18.074
202206 15.313 101.800 17.088
202209 14.778 103.100 16.283
202212 15.198 104.100 16.585
202303 15.727 104.400 17.113
202306 15.821 105.200 17.084
202309 15.475 106.200 16.553
202312 15.317 106.800 16.292
202403 15.450 107.200 16.372
202406 15.296 108.200 16.059
202409 16.233 108.900 16.934
202412 16.545 110.700 16.978
202503 16.774 111.100 17.151
202506 17.838 111.700 18.141
202509 18.306 112.000 18.568
202512 18.419 113.000 18.517
202603 18.572 112.700 18.720
202606 19.177 113.600 19.177

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 2.76 mean?
Otsuka Holdings Co (OTSKY) has a Cyclically Adjusted PB Ratio of 2.76 as of Sep. 11, 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 Otsuka Holdings Co and its competitors. This is 74% above median its historical median of 1.59. Over the past decade, Otsuka Holdings Co's Cyclically Adjusted PB Ratio has ranged from 1.17 to 2.94. According to the industry distribution chart, Otsuka Holdings Co ranks #430 out of 636 companies in the Drug Manufacturers industry, placing it in the top 67.6%.
Is Otsuka Holdings Co's Cyclically Adjusted PB Ratio too high?
Otsuka Holdings Co's current Cyclically Adjusted PB Ratio of 2.76 is 74% above median its 10-year median of 1.59. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 2.94. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.71. Otsuka Holdings Co's value of 2.76 is 61.4% above this industry median. Based on the distribution chart, Otsuka Holdings Co ranks #430 out of 636 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Otsuka Holdings Co has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Otsuka Holdings Co's Cyclically Adjusted PB Ratio compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Otsuka Holdings Co ranks #430 out of 636 companies for Cyclically Adjusted PB Ratio. This places Otsuka Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.71. Otsuka Holdings Co's value of 2.76 is 61.4% above this benchmark. Historically, Otsuka Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 1.17 to 2.94 over the past decade. While the company's 10-year median is 1.59 vs. the industry median of 1.71, Otsuka Holdings Co 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.71, based on 636 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. Otsuka Holdings Co's current Cyclically Adjusted PB Ratio of 2.76 is 61.4% 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 Otsuka Holdings Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Otsuka Holdings Co's current Cyclically Adjusted PB Ratio is 2.76, which is 74% above median its own 10-year median of 1.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Otsuka Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Otsuka Holdings Co (OTSKY) is currently considered Modestly Overvalued. The stock's GF Value™ is $29.42, compared to a current price of $36.99 — trading 25.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.76, which is 74% above median its 10-year median of 1.59 and 61.4% above the Drug Manufacturers industry median of 1.71. Otsuka Holdings Co's overall GF Score™ is 86/100 with 3 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 Otsuka Holdings Co (OTSKY), the current Cyclically Adjusted PB Ratio is 2.76 as of Sep. 11, 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 Otsuka Holdings Co (OTSKY) Overvalued in 2026?

Based on GuruFocus' analysis, Otsuka Holdings Co stock appears to be overvalued. The current stock price of $36.99 is trading 25.7% above its estimated GF Value™ of $29.42. GuruFocus considers Otsuka Holdings Co to be Modestly Overvalued.

Key valuation signals for OTSKY:

  • Cyclically Adjusted PB Ratio: 2.76 (74% above median its 10-year median of 1.59)
  • GF Value™: $29.42 vs. price of $36.99 (25.7% above fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 61.4% above the Drug Manufacturers median (#430 of 636)

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


Otsuka Holdings Co Business Description

Address 2-16-4 Konan, Shinagawa Grand Central Tower, Minato-ku, Tokyo, JPN, 108-8241
Otsuka Holdings Co Ltd is a Japan-based company that operates in pharmaceuticals, nutraceuticals, and consumer products. It operates through four reportable segments: Medical-related Business, Nutraceutical-related Business, Consumer-related Business, and Other Business. The Medical Business manufactures and sells therapeutic drugs and infusions, the Nutraceutical Business produces functional foods, beverages, and nutritional supplements, the Consumer Business offers mineral water, beverages, and foods, while the Other Business provides storage services and manufactures chemicals and analytical equipment. It generates the majority of its revenue from the medical-related business segment.
86GF 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.

$36.99
Price
$29.42
GF Value