TKYMY (Tokuyama) Cyclically Adjusted PB Ratio: 1.52 (As of Aug. 01, 2026) — 52% Above Median

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TKYMY Tokuyama Corp TKYMY
77 GF Score
Price $14.00
GF Value $10.89
! 2 Warning Signs
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What is Tokuyama Cyclically Adjusted PB Ratio?

Tokuyama TKYMY 77 Cyclically Adjusted PB Ratio is 1.52 as of Aug. 01, 2026, which is 52% above its 10-year median of 1.00. GuruFocus rates TKYMY with a GF Score™ of 77/100 and a GF Value™ of $10.89. The stock has 2 warning signs investors should review. Among 1,254 Chemicals companies, Tokuyama ranks better than 56.38% on this metric.

As of today (2026-08-01), Tokuyama's current share price is $14.00. Tokuyama's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $9.23. Tokuyama's Cyclically Adjusted PB Ratio for today is 1.52.

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

TKYMY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1   Max: 1.9
Current: 1.31

During the past years, Tokuyama's highest Cyclically Adjusted PB Ratio was 1.90. The lowest was 0.64. And the median was 1.00.

TKYMY's Cyclically Adjusted PB Ratio is ranked better than
56.38% of 1254 companies
in the Chemicals industry
Industry Median: 1.63 vs TKYMY: 1.31

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.

Tokuyama's adjusted book value per share data for the three months ended in Mar. 2026 was $12.398. 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 $9.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokuyama  (OTCPK:TKYMY) 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.


Tokuyama Cyclically Adjusted PB Ratio Related Terms


Tokuyama Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tokuyama'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.

Tokuyama Cyclically Adjusted PB Ratio Chart

Tokuyama 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 0.71 0.86 1.10 1.05 1.29

Tokuyama 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 1.12 1.35 1.45 1.29 0.00

TKYMY vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Tokuyama'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.


Tokuyama Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


TKYMY
77GF Score
Tokuyama Corp TKYMY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokuyama 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.

Tokuyama's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.00/9.23
=1.52

* 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.

Tokuyama's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tokuyama'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)
=12.398/112.7000*112.7000
=12.398

Current CPI (Mar. 2026) = 112.7000.

Tokuyama Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.072 98.100 5.827
201609 6.188 98.000 7.116
201612 6.164 98.400 7.060
201703 8.085 98.100 9.288
201706 6.311 98.500 7.221
201709 6.899 98.800 7.870
201712 7.261 99.400 8.233
201803 8.518 99.200 9.677
201806 8.499 99.200 9.656
201809 8.735 99.900 9.854
201812 8.867 99.700 10.023
201903 9.896 99.700 11.186
201906 10.321 99.800 11.655
201909 10.719 100.100 12.068
201912 10.979 100.500 12.312
202003 11.290 100.300 12.686
202006 11.548 99.900 13.028
202009 12.123 99.900 13.676
202012 12.874 99.300 14.611
202103 12.688 99.900 14.314
202106 12.678 99.500 14.360
202109 12.969 100.100 14.601
202112 12.707 100.100 14.306
202203 13.157 101.100 14.667
202206 11.802 101.800 13.066
202209 11.135 103.100 12.172
202212 11.739 104.100 12.709
202303 11.929 104.400 12.877
202306 11.457 105.200 12.274
202309 11.154 106.200 11.837
202312 11.595 106.800 12.236
202403 11.562 107.200 12.155
202406 11.210 108.200 11.676
202409 12.346 108.900 12.777
202412 11.621 110.700 11.831
202503 12.195 111.100 12.371
202506 12.611 111.700 12.724
202509 12.755 112.000 12.835
202512 12.350 113.000 12.317
202603 12.398 112.700 12.398

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 1.52 mean?
Tokuyama (TKYMY) has a Cyclically Adjusted PB Ratio of 1.52 as of Aug. 01, 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 Tokuyama and its competitors. This is 52% above median its historical median of 1.00. Over the past decade, Tokuyama's Cyclically Adjusted PB Ratio has ranged from 0.64 to 1.90. According to the industry distribution chart, Tokuyama ranks #547 out of 1254 companies in the Chemicals industry, placing it in the top 43.6%.
Is Tokuyama's Cyclically Adjusted PB Ratio too high?
Tokuyama's current Cyclically Adjusted PB Ratio of 1.52 is 52% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.90. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.63. Tokuyama's value of 1.52 is 6.7% below this industry median. Based on the distribution chart, Tokuyama ranks #547 out of 1254 companies in the Chemicals industry, which is above the industry midpoint. Overall, Tokuyama has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Tokuyama's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tokuyama ranks #547 out of 1254 companies for Cyclically Adjusted PB Ratio. This puts Tokuyama in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.63. Tokuyama's value of 1.52 is 6.7% below this benchmark. Historically, Tokuyama's own Cyclically Adjusted PB Ratio has ranged from 0.64 to 1.90 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 1.63, Tokuyama 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.63, based on 1,254 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. Tokuyama's current Cyclically Adjusted PB Ratio of 1.52 is 6.7% 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 Tokuyama and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokuyama's current Cyclically Adjusted PB Ratio is 1.52, which is 52% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokuyama stock overvalued right now?
Tokuyama (TKYMY) has a current Cyclically Adjusted PB Ratio of 1.52. The stock's GF Value™ is $10.89, compared to a current price of $14.00 — trading 28.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.52, which is 52% above median its 10-year median of 1.00 and 6.7% below the Chemicals industry median of 1.63. Tokuyama's overall GF Score™ is 77/100 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 Tokuyama (TKYMY), the current Cyclically Adjusted PB Ratio is 1.52 as of Aug. 01, 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 Tokuyama (TKYMY) Overvalued in 2026?

Based on GuruFocus' analysis, Tokuyama stock appears to be overvalued. The current stock price of $14.00 is trading 28.6% above its estimated GF Value™ of $10.89.

Key valuation signals for TKYMY:

  • Cyclically Adjusted PB Ratio: 1.52 (52% above median its 10-year median of 1.00)
  • GF Value™: $10.89 vs. price of $14.00 (28.6% above fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 6.7% below the Chemicals median (#547 of 1254)

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


Tokuyama Business Description

Other Exchanges 4043:JapanTBT:Germany
Address 7-5, Sotokanda 1-chome, Front Place Akihabara, Chiyoda-ku, Tokyo, JPN, 101-8618
Tokuyama Corp mainly manufactures and sells chemicals, specialty products, cement and functional materials. It operates with various segments namely; Chemicals segment offers soda ash, caustic soda, calcium chloride, silicate soda, propylene oxide and methylene chloride; Specialty Products segment offers multicrystalline silicon, wet silica, metal cleaning chemicals, environmental-related equipment and others; Cement segment offers portland cement, ready-mixed concrete and cementitious solidified materials and the Life Amenity segment offers polypropylene film, resin sashes and others. Geographically, operations of the group are functioned through Japan.
77GF Score

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

$14.00
Price
$10.89
GF Value