Chugai Pharmaceutical Co (STU:CUP) Cyclically Adjusted PB Ratio: 8.50 (As of Aug. 02, 2026) — Near Median

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STU:CUP Chugai Pharmaceutical Co Ltd STU:CUP
95 GF Score
Price €36.79
GF Value €42.02
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Chugai Pharmaceutical Co Cyclically Adjusted PB Ratio?

Chugai Pharmaceutical Co STU:CUP -5.35% 95 Cyclically Adjusted PB Ratio is 8.50 as of Aug. 02, 2026, which is 5% below its 10-year median of 8.91. GuruFocus rates STU:CUP with a GF Score™ of 95/100 and a GF Value™ of €42.02 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 746 Drug Manufacturers companies, Chugai Pharmaceutical Co ranks worse than 91.42% on this metric.

As of today (2026-08-02), Chugai Pharmaceutical Co's current share price is €36.79. Chugai Pharmaceutical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €4.33. Chugai Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is 8.50.

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

STU:CUP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.33   Med: 8.91   Max: 15.27
Current: 8.71

During the past years, Chugai Pharmaceutical Co's highest Cyclically Adjusted PB Ratio was 15.27. The lowest was 4.33. And the median was 8.91.

STU:CUP's Cyclically Adjusted PB Ratio is ranked worse than
91.42% of 746 companies
in the Drug Manufacturers industry
Industry Median: 1.79 vs STU:CUP: 8.71

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.

Chugai Pharmaceutical Co's adjusted book value per share data for the three months ended in Jun. 2026 was €6.652. 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 €4.33 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chugai Pharmaceutical Co  (STU:CUP) 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.


Chugai Pharmaceutical Co Cyclically Adjusted PB Ratio Related Terms


Chugai Pharmaceutical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chugai Pharmaceutical 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.

Chugai Pharmaceutical Co Cyclically Adjusted PB Ratio Chart

Chugai Pharmaceutical 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 8.53 6.68 9.31 10.55 10.93

Chugai Pharmaceutical 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 10.63 8.86 10.93 11.18 9.46

STU:CUP vs LLY, JNJ, ABBV: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - General subindustry, Chugai Pharmaceutical 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.


Chugai Pharmaceutical Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


STU:CUP
95GF Score
Chugai Pharmaceutical Co Ltd STU:CUP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Chugai Pharmaceutical 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.

Chugai Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.79/4.33
=8.50

* 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.

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

For example, Chugai Pharmaceutical 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)
=6.652/113.6000*113.6000
=6.652

Current CPI (Jun. 2026) = 113.6000.

Chugai Pharmaceutical Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.369 98.000 3.905
201612 3.219 98.400 3.716
201703 3.269 98.100 3.786
201706 3.269 98.500 3.770
201709 3.114 98.800 3.580
201712 3.156 99.400 3.607
201803 3.311 99.200 3.792
201806 3.467 99.200 3.970
201809 3.444 99.900 3.916
201812 3.607 99.700 4.110
201903 3.688 99.700 4.202
201906 3.952 99.800 4.498
201909 4.182 100.100 4.746
201912 4.289 100.500 4.848
202003 4.371 100.300 4.951
202006 4.553 99.900 5.177
202009 4.529 99.900 5.150
202012 4.721 99.300 5.401
202103 4.619 99.900 5.252
202106 4.824 99.500 5.508
202109 5.119 100.100 5.809
202112 5.617 100.100 6.375
202203 5.777 101.100 6.491
202206 5.615 101.800 6.266
202209 5.610 103.100 6.181
202212 6.061 104.100 6.614
202303 6.106 104.400 6.644
202306 6.009 105.200 6.489
202309 5.916 106.200 6.328
202312 6.292 106.800 6.693
202403 6.128 107.200 6.494
202406 6.265 108.200 6.578
202409 6.900 108.900 7.198
202412 7.175 110.700 7.363
202503 7.193 111.100 7.355
202506 7.238 111.700 7.361
202509 6.618 112.000 6.713
202512 6.742 113.000 6.778
202603 6.319 112.700 6.369
202606 6.652 113.600 6.652

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 8.50 mean?
Chugai Pharmaceutical Co (STU:CUP) has a Cyclically Adjusted PB Ratio of 8.50 as of Aug. 02, 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 Chugai Pharmaceutical Co and its competitors. This is near median its historical median of 8.91. Over the past decade, Chugai Pharmaceutical Co's Cyclically Adjusted PB Ratio has ranged from 4.33 to 15.27. According to the industry distribution chart, Chugai Pharmaceutical Co ranks #682 out of 746 companies in the Drug Manufacturers industry, placing it in the top 91.4%.
Is Chugai Pharmaceutical Co's Cyclically Adjusted PB Ratio too high?
Chugai Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 8.50 is near median its 10-year median of 8.91. Over the past 10 years, this metric has ranged from a low of 4.33 to a high of 15.27. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.79. Chugai Pharmaceutical Co's value of 8.50 is 374.9% above this industry median. Based on the distribution chart, Chugai Pharmaceutical Co ranks #682 out of 746 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Chugai Pharmaceutical Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chugai Pharmaceutical Co's Cyclically Adjusted PB Ratio compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Chugai Pharmaceutical Co ranks #682 out of 746 companies for Cyclically Adjusted PB Ratio. This places Chugai Pharmaceutical Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Chugai Pharmaceutical Co's value of 8.50 is 374.9% above this benchmark. Historically, Chugai Pharmaceutical Co's own Cyclically Adjusted PB Ratio has ranged from 4.33 to 15.27 over the past decade. While the company's 10-year median is 8.91 vs. the industry median of 1.79, Chugai Pharmaceutical 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 1.79, based on 746 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. Chugai Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 8.50 is 374.9% 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 Chugai Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chugai Pharmaceutical Co's current Cyclically Adjusted PB Ratio is 8.50, which is near median its own 10-year median of 8.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chugai Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Chugai Pharmaceutical Co (STU:CUP) is currently considered Modestly Undervalued. The stock's GF Value™ is €42.02, compared to a current price of €36.79 — trading 12.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.50, which is near median its 10-year median of 8.91 and 374.9% above the Drug Manufacturers industry median of 1.79. Chugai Pharmaceutical Co's overall GF Score™ is 95/100 with 1 warning sign 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 Chugai Pharmaceutical Co (STU:CUP), the current Cyclically Adjusted PB Ratio is 8.50 as of Aug. 02, 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 Chugai Pharmaceutical Co (STU:CUP) Overvalued in 2026?

Based on GuruFocus' analysis, Chugai Pharmaceutical Co stock appears to be undervalued. The current stock price of €36.79 is trading 12.4% below its estimated GF Value™ of €42.02. GuruFocus considers Chugai Pharmaceutical Co to be Modestly Undervalued.

Key valuation signals for STU:CUP:

  • Cyclically Adjusted PB Ratio: 8.50 (near median its 10-year median of 8.91)
  • GF Value™: €42.02 vs. price of €36.79 (12.4% below fair value)
  • GF Score™: 95/100 with 1 warning sign
  • Industry Position: 374.9% above the Drug Manufacturers median (#682 of 746)

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


Chugai Pharmaceutical Co Business Description

Address 2-1-1 Muromachi, Nihonbashi, 12th Floor, Nihonbashi Mitsui Tower, Chuo-ku, Tokyo, JPN, 103-8324
Chugai Pharmaceutical is a Japanese drug developer and subsidiary of Roche Holding, which owns roughly 60% of the company. Founded in 1925, Chugai deals primarily in the Japanese market, where it generates roughly half of its revenue. It has been the leader in Japan's oncology market for the past decade, largely due to drugs licensed from its parent's portfolio. The company also develops its own innovative medicines. It is an industry leader in antibody technology with several flagship therapies, including Hemlibra (hemophilia), Actemra (rheumatoid arthritis, covid), Foundayo (oral obesity pill), and Nemluvio (atopic dermatitis, prurigo nodularis).
95GF Score

Get the complete analysis for STU:CUP

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

€36.79
Price
€42.02
GF Value