Otsuka Holdings Co (STU:OS1) Cyclically Adjusted PB Ratio: 2.56 (As of Jul. 18, 2026) — 61% Above Median

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STU:OS1 Otsuka Holdings Co Ltd STU:OS1
87 GF Score
Price €59.50
GF Value €45.15
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Otsuka Holdings Co Cyclically Adjusted PB Ratio?

Otsuka Holdings Co STU:OS1 +1.71% 87 Cyclically Adjusted PB Ratio is 2.56 as of Jul. 18, 2026, which is 61% above its 10-year median of 1.59. GuruFocus rates STU:OS1 with a GF Score™ of 87/100 and a GF Value™ of €45.15 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 759 Drug Manufacturers companies, Otsuka Holdings Co ranks worse than 62.85% on this metric.

As of today (2026-07-18), Otsuka Holdings Co's current share price is €59.50. Otsuka Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €23.21. Otsuka Holdings Co's Cyclically Adjusted PB Ratio for today is 2.56.

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

STU:OS1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.17   Med: 1.59   Max: 2.77
Current: 2.65

During the past years, Otsuka Holdings Co's highest Cyclically Adjusted PB Ratio was 2.77. The lowest was 1.17. And the median was 1.59.

STU:OS1's Cyclically Adjusted PB Ratio is ranked worse than
62.85% of 759 companies
in the Drug Manufacturers industry
Industry Median: 1.83 vs STU:OS1: 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 Mar. 2026 was €32.130. 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 €23.21 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Otsuka Holdings Co  (STU:OS1) 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
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.96 1.78 1.92 2.13 2.61

STU:OS1 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.


STU:OS1
87GF Score
Otsuka Holdings Co Ltd STU:OS1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=59.50/23.21
=2.56

* 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 Mar. 2026 is calculated as:

For example, Otsuka Holdings Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=32.13/112.7000*112.7000
=32.130

Current CPI (Mar. 2026) = 112.7000.

Otsuka Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 24.396 98.100 28.027
201609 25.422 98.000 29.235
201612 25.799 98.400 29.548
201703 25.723 98.100 29.551
201706 25.408 98.500 29.071
201709 24.258 98.800 27.671
201712 24.761 99.400 28.074
201803 23.607 99.200 26.820
201806 24.711 99.200 28.074
201809 24.589 99.900 27.740
201812 24.644 99.700 27.857
201903 25.098 99.700 28.371
201906 26.019 99.800 29.382
201909 26.948 100.100 30.340
201912 26.869 100.500 30.131
202003 27.043 100.300 30.386
202006 27.499 99.900 31.022
202009 27.065 99.900 30.533
202012 27.049 99.300 30.699
202103 27.445 99.900 30.961
202106 27.341 99.500 30.968
202109 28.231 100.100 31.785
202112 28.825 100.100 32.453
202203 29.211 101.100 32.563
202206 28.971 101.800 32.073
202209 29.851 103.100 32.631
202212 28.694 104.100 31.064
202303 29.378 104.400 31.714
202306 29.205 105.200 31.287
202309 29.001 106.200 30.776
202312 28.092 106.800 29.644
202403 28.427 107.200 29.885
202406 28.420 108.200 29.602
202409 29.252 108.900 30.273
202412 31.600 110.700 32.171
202503 31.032 111.100 31.479
202506 30.932 111.700 31.209
202509 31.193 112.000 31.388
202512 31.460 113.000 31.376
202603 32.130 112.700 32.130

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 2.56 mean?
Otsuka Holdings Co (STU:OS1) has a Cyclically Adjusted PB Ratio of 2.56 as of Jul. 18, 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 61% 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 2.77. According to the industry distribution chart, Otsuka Holdings Co ranks #477 out of 759 companies in the Drug Manufacturers industry, placing it in the top 62.8%.
Is Otsuka Holdings Co's Cyclically Adjusted PB Ratio too high?
Otsuka Holdings Co's current Cyclically Adjusted PB Ratio of 2.56 is 61% 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 2.77. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.83. Otsuka Holdings Co's value of 2.56 is 39.9% above this industry median. Based on the distribution chart, Otsuka Holdings Co ranks #477 out of 759 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Otsuka Holdings Co has a GF Score™ of 87/100 and is considered Significantly 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 #477 out of 759 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 1.83. Otsuka Holdings Co's value of 2.56 is 39.9% above this benchmark. Historically, Otsuka Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 1.17 to 2.77 over the past decade. While the company's 10-year median is 1.59 vs. the industry median of 1.83, 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 1.83, based on 759 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 2.56 is 39.9% 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 Otsuka Holdings Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.83 — 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 2.56, which is 61% 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 (STU:OS1) is currently considered Significantly Overvalued. The stock's GF Value™ is €45.15, compared to a current price of €59.50 — trading 31.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.56, which is 61% above median its 10-year median of 1.59 and 39.9% above the Drug Manufacturers industry median of 1.83. Otsuka Holdings Co's overall GF Score™ is 87/100 with 6 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 (STU:OS1), the current Cyclically Adjusted PB Ratio is 2.56 as of Jul. 18, 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 (STU:OS1) Overvalued in 2026?

Based on GuruFocus' analysis, Otsuka Holdings Co stock appears to be overvalued. The current stock price of €59.50 is trading 31.8% above its estimated GF Value™ of €45.15. GuruFocus considers Otsuka Holdings Co to be Significantly Overvalued.

Key valuation signals for STU:OS1:

  • Cyclically Adjusted PB Ratio: 2.56 (61% above median its 10-year median of 1.59)
  • GF Value™: €45.15 vs. price of €59.50 (31.8% above fair value)
  • GF Score™: 87/100 with 6 warning signs
  • Industry Position: 39.9% above the Drug Manufacturers median (#477 of 759)

No single metric tells the full story. See the STU:OS1 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.
87GF Score

Get the complete analysis for STU:OS1

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

€59.50
Price
€45.15
GF Value