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Nitto Denko (STU:ND5) Cyclically Adjusted PB Ratio : 2.38 (As of Jun. 29, 2025)


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What is Nitto Denko Cyclically Adjusted PB Ratio?

As of today (2025-06-29), Nitto Denko's current share price is €15.90. Nitto Denko's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €6.67. Nitto Denko's Cyclically Adjusted PB Ratio for today is 2.38.

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

STU:ND5' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.19   Med: 2.19   Max: 3.69
Current: 2.49

During the past years, Nitto Denko's highest Cyclically Adjusted PB Ratio was 3.69. The lowest was 1.19. And the median was 2.19.

STU:ND5's Cyclically Adjusted PB Ratio is ranked worse than
64.06% of 1227 companies
in the Chemicals industry
Industry Median: 1.6 vs STU:ND5: 2.49

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.

Nitto Denko's adjusted book value per share data for the three months ended in Mar. 2025 was €9.323. 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 €6.67 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nitto Denko Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nitto Denko'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.

* Premium members only.

Nitto Denko Cyclically Adjusted PB Ratio Chart

Nitto Denko Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.50 2.16 1.89 2.79 2.51

Nitto Denko Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.79 - 2.31 2.50 2.51

Competitive Comparison of Nitto Denko's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, Nitto Denko'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.


Nitto Denko's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

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

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


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Nitto Denko 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.

Nitto Denko's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.90/6.67
=2.38

* 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.

Nitto Denko's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Nitto Denko's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=9.323/111.1000*111.1000
=9.323

Current CPI (Mar. 2025) = 111.1000.

Nitto Denko Quarterly Data

Book Value per Share CPI Adj_Book
201506 5.453 98.400 6.157
201509 5.712 98.500 6.443
201512 5.934 98.100 6.720
201603 6.021 97.900 6.833
201606 6.059 98.100 6.862
201609 6.387 98.000 7.241
201612 6.408 98.400 7.235
201703 6.670 98.100 7.554
201706 6.556 98.500 7.395
201709 6.484 98.800 7.291
201712 6.653 99.400 7.436
201803 6.620 99.200 7.414
201806 6.658 99.200 7.457
201809 6.753 99.900 7.510
201812 6.956 99.700 7.751
201903 7.112 99.700 7.925
201906 7.156 99.800 7.966
201909 7.535 100.100 8.363
201912 7.429 100.500 8.213
202003 7.530 100.300 8.341
202006 7.298 99.900 8.116
202009 7.272 99.900 8.087
202012 7.287 99.300 8.153
202103 7.477 99.900 8.315
202106 7.375 99.500 8.235
202109 7.892 100.100 8.759
202112 8.141 100.100 9.036
202203 8.497 101.100 9.337
202206 8.224 101.800 8.975
202209 8.678 103.100 9.351
202212 8.475 104.100 9.045
202303 8.641 104.400 9.196
202306 8.276 105.200 8.740
202309 8.390 106.200 8.777
202312 8.440 106.800 8.780
202403 8.544 107.200 8.855
202406 0.000 108.200 0.000
202409 9.055 108.900 9.238
202412 9.383 110.700 9.417
202503 9.323 111.100 9.323

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.


Nitto Denko  (STU:ND5) 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.


Nitto Denko Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Nitto Denko's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Nitto Denko Business Description

Industry
Traded in Other Exchanges
Address
4-20, Ofuka-Cho, 33rd Floor, Grand Front Osaka, Kita-Ku, Osaka, JPN, 530-0011
Nitto Denko Corp manufactures and sells a variety of industrial and electronics products. The company sells tape products, which include masking tape for painting and printed-circuit boards, double sided tapes, electrical tape, and sealant materials used in the construction industry. Nitto Denko also sells film products, which include surface protective film, fluoroplastic films used to seal pipes and air filters, and porous film that allows air to pass through but seals water and other liquids. The firm also produces electronics, which include flexible printed circuit boards for smartphones and tablets, and medical products such as drug delivery patches and adhesive sheets.

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