NH Foods (STU:NI6) Cyclically Adjusted PB Ratio: (As of Sep. 14, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:NI6 NH Foods Ltd STU:NI6
76 GF Score
Price €35.00
GF Value €34.86
Valuation Fairly Valued
! 1 Warning Sign
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What is NH Foods Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


NH Foods  (STU:NI6) 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.


NH Foods Cyclically Adjusted PB Ratio Related Terms


NH Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NH Foods'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.

NH Foods Cyclically Adjusted PB Ratio Chart

NH Foods 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 1.11 0.94 1.18 1.08 1.45

NH Foods 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 1.07 1.24 1.36 1.45 1.21

STU:NI6 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, NH Foods'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.


NH Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NH Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:NI6
76GF Score
NH Foods Ltd STU:NI6
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NH Foods 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.

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

For example, NH Foods'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)
=30.687/113.6000*113.6000
=30.687

Current CPI (Jun. 2026) = 113.6000.

NH Foods Quarterly Data

Book Value per Share CPI Adj_Book
201609 30.885 98.000 35.801
201612 30.608 98.400 35.336
201703 29.734 98.100 34.432
201706 30.714 98.500 35.422
201709 29.857 98.800 34.330
201712 30.656 99.400 35.035
201803 29.738 99.200 34.055
201806 30.266 99.200 34.659
201809 30.138 99.900 34.271
201812 31.117 99.700 35.455
201903 31.027 99.700 35.353
201906 31.690 99.800 36.072
201909 32.802 100.100 37.226
201912 33.375 100.500 37.725
202003 33.029 100.300 37.409
202006 32.716 99.900 37.203
202009 32.539 99.900 37.001
202012 32.740 99.300 37.455
202103 32.794 99.900 37.291
202106 31.897 99.500 36.417
202109 33.565 100.100 38.092
202112 35.035 100.100 39.760
202203 35.851 101.100 40.284
202206 33.558 101.800 37.448
202209 34.052 103.100 37.520
202212 33.657 104.100 36.728
202303 33.602 104.400 36.563
202306 31.843 105.200 34.386
202309 31.659 106.200 33.865
202312 32.156 106.800 34.203
202403 31.556 107.200 33.440
202406 0.000 108.200 0.000
202409 32.484 108.900 33.886
202412 33.380 110.700 34.254
202503 32.887 111.100 33.627
202506 31.635 111.700 32.173
202509 31.402 112.000 31.851
202512 30.907 113.000 31.071
202603 31.094 112.700 31.342
202606 30.687 113.600 30.687

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.

Is NH Foods (STU:NI6) Overvalued in 2026?

Based on GuruFocus' analysis, NH Foods stock appears to be overvalued. The current stock price of €35.00 is trading 0.4% above its estimated GF Value™ of €34.86. GuruFocus considers NH Foods to be Fairly Valued.

Key valuation signals for STU:NI6:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €34.86 vs. price of €35.00 (0.4% above fair value)
  • GF Score™: 76/100 with 1 warning sign

No single metric tells the full story. See the STU:NI6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NH Foods Business Description

Other Exchanges 2282:JapanNI6:Germany
Address 2-4-9 Umeda, Breeze Tower, Kita-ku, Osaka, JPN, 530-0001
NH Foods Ltd is a Japanese packaged-food company. The company offers a broad selection of products: hams, sausages, processed foods, marine products, dairy products, and health food. The company operates through ballpark, meat, processing, and overseas business headquarters. The Meat Business Headquarters focuses on meat production and sales in Japan. The Processing Business Headquarters manufactures and sells ham, sausages, processed foods, and dairy products domestically. The Overseas Business Headquarters engages in the production and sale of meat, ham, sausages, and processed foods abroad. It generates the majority of its revenue from the Meat business.
76GF Score

Get the complete analysis for STU:NI6

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

€35.00
Price
€34.86
GF Value