Kyowa Kirin Co (STU:KY4) Cyclically Adjusted PB Ratio: 1.70 (As of Aug. 12, 2026) — 18% 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.

STU:KY4 Kyowa Kirin Co Ltd STU:KY4
88 GF Score
Price €13.80
GF Value €11.77
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Kyowa Kirin Co Cyclically Adjusted PB Ratio?

Kyowa Kirin Co STU:KY4 +0.73% 88 Cyclically Adjusted PB Ratio is 1.70 as of Aug. 12, 2026, which is 18% below its 10-year median of 2.08. GuruFocus rates STU:KY4 with a GF Score™ of 88/100 and a GF Value™ of €11.77 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 729 Drug Manufacturers companies, Kyowa Kirin Co ranks better than 52.26% on this metric.

As of today (2026-08-12), Kyowa Kirin Co's current share price is €13.80. Kyowa Kirin Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €8.10. Kyowa Kirin Co's Cyclically Adjusted PB Ratio for today is 1.70.

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

STU:KY4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.47   Med: 2.08   Max: 3.68
Current: 1.71

During the past years, Kyowa Kirin Co's highest Cyclically Adjusted PB Ratio was 3.68. The lowest was 1.47. And the median was 2.08.

STU:KY4's Cyclically Adjusted PB Ratio is ranked better than
52.26% of 729 companies
in the Drug Manufacturers industry
Industry Median: 1.8 vs STU:KY4: 1.71

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.

Kyowa Kirin Co's adjusted book value per share data for the three months ended in Jun. 2026 was €9.448. 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 €8.10 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kyowa Kirin Co  (STU:KY4) 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.


Kyowa Kirin Co Cyclically Adjusted PB Ratio Related Terms


Kyowa Kirin Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kyowa Kirin 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.

Kyowa Kirin Co Cyclically Adjusted PB Ratio Chart

Kyowa Kirin 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 2.69 2.42 1.81 1.70 1.72

Kyowa Kirin 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 1.72 1.59 1.72 1.75 1.73

STU:KY4 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Kyowa Kirin 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.


Kyowa Kirin Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


STU:KY4
88GF Score
Kyowa Kirin Co Ltd STU:KY4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kyowa Kirin 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.

Kyowa Kirin Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.80/8.10
=1.70

* 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.

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

For example, Kyowa Kirin 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)
=9.448/113.6000*113.6000
=9.448

Current CPI (Jun. 2026) = 113.6000.

Kyowa Kirin Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.453 98.000 10.958
201612 8.618 98.400 9.949
201703 9.085 98.100 10.520
201706 8.927 98.500 10.296
201709 8.453 98.800 9.719
201712 8.421 99.400 9.624
201803 8.759 99.200 10.030
201806 9.070 99.200 10.387
201809 9.027 99.900 10.265
201812 9.297 99.700 10.593
201903 9.300 99.700 10.597
201906 10.123 99.800 11.523
201909 10.375 100.100 11.774
201912 10.420 100.500 11.778
202003 10.531 100.300 11.927
202006 10.544 99.900 11.990
202009 10.260 99.900 11.667
202012 10.296 99.300 11.779
202103 10.182 99.900 11.578
202106 10.111 99.500 11.544
202109 10.245 100.100 11.627
202112 10.666 100.100 12.104
202203 10.609 101.100 11.921
202206 10.060 101.800 11.226
202209 10.004 103.100 11.023
202212 9.931 104.100 10.837
202303 9.970 104.400 10.849
202306 9.653 105.200 10.424
202309 9.574 106.200 10.241
202312 9.909 106.800 10.540
202403 9.686 107.200 10.264
202406 9.620 108.200 10.100
202409 10.033 108.900 10.466
202412 10.093 110.700 10.357
202503 9.858 111.100 10.080
202506 9.651 111.700 9.815
202509 9.313 112.000 9.446
202512 9.347 113.000 9.397
202603 9.296 112.700 9.370
202606 9.448 113.600 9.448

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 1.70 mean?
Kyowa Kirin Co (STU:KY4) has a Cyclically Adjusted PB Ratio of 1.70 as of Aug. 12, 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 Kyowa Kirin Co and its competitors. This is 18% below median its historical median of 2.08. Over the past decade, Kyowa Kirin Co's Cyclically Adjusted PB Ratio has ranged from 1.47 to 3.68. According to the industry distribution chart, Kyowa Kirin Co ranks #348 out of 729 companies in the Drug Manufacturers industry, placing it in the top 47.7%.
Is Kyowa Kirin Co's Cyclically Adjusted PB Ratio too high?
Kyowa Kirin Co's current Cyclically Adjusted PB Ratio of 1.70 is 18% below median its 10-year median of 2.08. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 3.68. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.80. Kyowa Kirin Co's value of 1.70 is 5.6% below this industry median. Based on the distribution chart, Kyowa Kirin Co ranks #348 out of 729 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Kyowa Kirin Co has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kyowa Kirin Co's Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Kyowa Kirin Co ranks #348 out of 729 companies for Cyclically Adjusted PB Ratio. This puts Kyowa Kirin Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.80. Kyowa Kirin Co's value of 1.70 is 5.6% below this benchmark. Historically, Kyowa Kirin Co's own Cyclically Adjusted PB Ratio has ranged from 1.47 to 3.68 over the past decade. While the company's 10-year median is 2.08 vs. the industry median of 1.80, Kyowa Kirin 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.80, based on 729 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. Kyowa Kirin Co's current Cyclically Adjusted PB Ratio of 1.70 is 5.6% 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 Kyowa Kirin Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kyowa Kirin Co's current Cyclically Adjusted PB Ratio is 1.70, which is 18% below median its own 10-year median of 2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyowa Kirin Co stock overvalued right now?
Based on GuruFocus' analysis, Kyowa Kirin Co (STU:KY4) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.77, compared to a current price of €13.80 — trading 17.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.70, which is 18% below median its 10-year median of 2.08 and 5.6% below the Drug Manufacturers industry median of 1.80. Kyowa Kirin Co's overall GF Score™ is 88/100 with 2 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 Kyowa Kirin Co (STU:KY4), the current Cyclically Adjusted PB Ratio is 1.70 as of Aug. 12, 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 Kyowa Kirin Co (STU:KY4) Overvalued in 2026?

Based on GuruFocus' analysis, Kyowa Kirin Co stock appears to be overvalued. The current stock price of €13.80 is trading 17.2% above its estimated GF Value™ of €11.77. GuruFocus considers Kyowa Kirin Co to be Modestly Overvalued.

Key valuation signals for STU:KY4:

  • Cyclically Adjusted PB Ratio: 1.70 (18% below median its 10-year median of 2.08)
  • GF Value™: €11.77 vs. price of €13.80 (17.2% above fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 5.6% below the Drug Manufacturers median (#348 of 729)

No single metric tells the full story. See the STU:KY4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kyowa Kirin Co Business Description

Address 1-9-2 Otemachi, Chiyoda-ku, Chiyoda-ku, Tokyo, JPN, 100-0004
Kyowa Kirin Co Ltd is engaged in research, development, manufacturing, sales, import and export of prescription pharmaceuticals. Its products include KHK4083/AMG 451, rocatinlimab; ziftomenib; OTL-203 KK8398, infigratinib; KHK4951, tivozanib; OTL-201; KK4277; KK2260; KK2269; KK2845; and KK8123.
88GF Score

Get the complete analysis for STU:KY4

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

€13.80
Price
€11.77
GF Value