TOAGF (Toagosei Co) Cyclically Adjusted PB Ratio: 1.07 (As of Jul. 15, 2026) — Near Median

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TOAGF Toagosei Co Ltd TOAGF
84 GF Score
Price $10.73
GF Value $9.79
! 3 Warning Signs
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What is Toagosei Co Cyclically Adjusted PB Ratio?

Toagosei Co TOAGF 84 Cyclically Adjusted PB Ratio is 1.07 as of Jul. 15, 2026, which is 8% above its 10-year median of 0.99. GuruFocus rates TOAGF with a GF Score™ of 84/100 and a GF Value™ of $9.79. The stock has 3 warning signs investors should review. Among 1,285 Chemicals companies, Toagosei Co ranks better than 69.42% on this metric.

As of today (2026-07-15), Toagosei Co's current share price is $10.7276. Toagosei Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $10.05. Toagosei Co's Cyclically Adjusted PB Ratio for today is 1.07.

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

TOAGF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 0.99   Max: 1.52
Current: 0.99

During the past years, Toagosei Co's highest Cyclically Adjusted PB Ratio was 1.52. The lowest was 0.67. And the median was 0.99.

TOAGF's Cyclically Adjusted PB Ratio is ranked better than
69.42% of 1285 companies
in the Chemicals industry
Industry Median: 1.7 vs TOAGF: 0.99

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.

Toagosei Co's adjusted book value per share data for the three months ended in Dec. 2025 was $12.842. 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 $10.05 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toagosei Co  (OTCPK:TOAGF) 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.


Toagosei Co Cyclically Adjusted PB Ratio Related Terms


Toagosei Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Toagosei 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.

Toagosei Co Cyclically Adjusted PB Ratio Chart

Toagosei 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 0.89 0.78 0.91 0.93 0.95

Toagosei 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 0.85 0.83 0.89 0.95 0.00

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

For the Specialty Chemicals subindustry, Toagosei 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.


Toagosei Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


TOAGF
84GF Score
Toagosei Co Ltd TOAGF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toagosei 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.7276/10.05
=1.07

* 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.

Toagosei Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Toagosei Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=12.842/113.0000*113.0000
=12.842

Current CPI (Dec. 2025) = 113.0000.

Toagosei Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 10.495 97.900 12.114
201606 11.322 98.100 13.042
201609 11.864 98.000 13.680
201612 11.001 98.400 12.633
201703 11.466 98.100 13.208
201706 11.921 98.500 13.676
201709 12.136 98.800 13.880
201712 12.284 99.400 13.965
201803 12.999 99.200 14.807
201806 12.742 99.200 14.515
201809 12.608 99.900 14.261
201812 12.622 99.700 14.306
201903 12.830 99.700 14.542
201906 13.324 99.800 15.086
201909 13.406 100.100 15.134
201912 13.493 100.500 15.171
202003 13.349 100.300 15.039
202006 13.676 99.900 15.469
202009 13.958 99.900 15.788
202012 14.506 99.300 16.507
202103 14.217 99.900 16.081
202106 14.325 99.500 16.269
202109 14.497 100.100 16.365
202112 14.178 100.100 16.005
202203 13.804 101.100 15.429
202206 12.441 101.800 13.810
202209 11.763 103.100 12.893
202212 12.606 104.100 13.684
202303 12.814 104.400 13.870
202306 12.512 105.200 13.440
202309 12.086 106.200 12.860
202312 12.613 106.800 13.345
202403 12.373 107.200 13.042
202406 12.053 108.200 12.588
202409 12.997 108.900 13.486
202412 12.337 110.700 12.593
202503 12.613 111.100 12.829
202506 13.272 111.700 13.426
202509 13.127 112.000 13.244
202512 12.842 113.000 12.842

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 1.07 mean?
Toagosei Co (TOAGF) has a Cyclically Adjusted PB Ratio of 1.07 as of Jul. 15, 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 Toagosei Co and its competitors. This is near median its historical median of 0.99. Over the past decade, Toagosei Co's Cyclically Adjusted PB Ratio has ranged from 0.67 to 1.52. According to the industry distribution chart, Toagosei Co ranks #393 out of 1285 companies in the Chemicals industry, placing it in the top 30.6%.
Is Toagosei Co's Cyclically Adjusted PB Ratio too high?
Toagosei Co's current Cyclically Adjusted PB Ratio of 1.07 is near median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.52. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.70. Toagosei Co's value of 1.07 is 37.1% below this industry median. Based on the distribution chart, Toagosei Co ranks #393 out of 1285 companies in the Chemicals industry, which is above the industry midpoint. Overall, Toagosei Co has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Toagosei Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Toagosei Co ranks #393 out of 1285 companies for Cyclically Adjusted PB Ratio. This puts Toagosei Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.70. Toagosei Co's value of 1.07 is 37.1% below this benchmark. Historically, Toagosei Co's own Cyclically Adjusted PB Ratio has ranged from 0.67 to 1.52 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 1.70, Toagosei 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.70, based on 1,285 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. Toagosei Co's current Cyclically Adjusted PB Ratio of 1.07 is 37.1% 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 Toagosei Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toagosei Co's current Cyclically Adjusted PB Ratio is 1.07, which is near median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toagosei Co stock overvalued right now?
Toagosei Co (TOAGF) has a current Cyclically Adjusted PB Ratio of 1.07. The stock's GF Value™ is $9.79, compared to a current price of $10.73 — trading 9.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.07, which is near median its 10-year median of 0.99 and 37.1% below the Chemicals industry median of 1.70. Toagosei Co's overall GF Score™ is 84/100 with 3 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 Toagosei Co (TOAGF), the current Cyclically Adjusted PB Ratio is 1.07 as of Jul. 15, 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 Toagosei Co (TOAGF) Overvalued in 2026?

Based on GuruFocus' analysis, Toagosei Co stock appears to be overvalued. The current stock price of $10.73 is trading 9.6% above its estimated GF Value™ of $9.79.

Key valuation signals for TOAGF:

  • Cyclically Adjusted PB Ratio: 1.07 (near median its 10-year median of 0.99)
  • GF Value™: $9.79 vs. price of $10.73 (9.6% above fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 37.1% below the Chemicals median (#393 of 1285)

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


Toagosei Co Business Description

Other Exchanges 4045:Japan
Address 1-14-1 Nishi Shinbashi, Minatoku, Tokyo, JPN, 105-8419
Toagosei Co Ltd manufactures and sells a wide range of chemicals and chemical-based products. The company operates through five business segments. The Polymer and Oligomer Business, its key segment, provides acrylate esters, acrylic polymers, and UV-curable resins used in paints, textiles, cosmetics, and electronics. The Core Chemicals Business supplies caustic soda, sulfuric acid, and sodium hypochlorite for paper, fertilizer, and water treatment applications. The Adhesive Materials Business offers adhesives and related products. The High-performance Materials Business provides electronic and construction materials. The Resin Processed Products Business sells piping equipment and nursing care products. Majority revenue is generated in Japan.
84GF Score

Get the complete analysis for TOAGF

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

$10.73
Price
$9.79
GF Value