Nippon Dry-Chemical Co (TSE:1909) Cyclically Adjusted PB Ratio: 5.70 (As of Aug. 06, 2026) — 342% Above Median

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TSE:1909 Nippon Dry-Chemical Co Ltd TSE:1909
73 GF Score
Price 円3,700.00
GF Value 円1,039.27
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nippon Dry-Chemical Co Cyclically Adjusted PB Ratio?

Nippon Dry-Chemical Co TSE:1909 +0.14% 73 Cyclically Adjusted PB Ratio is 5.70 as of Aug. 06, 2026, which is 342% above its 10-year median of 1.29. GuruFocus rates TSE:1909 with a GF Score™ of 73/100 and a GF Value™ of 円1,039.27 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 729 Business Services companies, Nippon Dry-Chemical Co ranks worse than 88.89% on this metric.

As of today (2026-08-06), Nippon Dry-Chemical Co's current share price is 円3700.00. Nippon Dry-Chemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円648.77. Nippon Dry-Chemical Co's Cyclically Adjusted PB Ratio for today is 5.70.

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

TSE:1909' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.29   Max: 5.83
Current: 5.7

During the past years, Nippon Dry-Chemical Co's highest Cyclically Adjusted PB Ratio was 5.83. The lowest was 0.80. And the median was 1.29.

TSE:1909's Cyclically Adjusted PB Ratio is ranked worse than
88.89% of 729 companies
in the Business Services industry
Industry Median: 1.55 vs TSE:1909: 5.70

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.

Nippon Dry-Chemical Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,158.275. 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 円648.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Dry-Chemical Co  (TSE:1909) 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.


Nippon Dry-Chemical Co Cyclically Adjusted PB Ratio Related Terms


Nippon Dry-Chemical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Dry-Chemical 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.

Nippon Dry-Chemical Co Cyclically Adjusted PB Ratio Chart

Nippon Dry-Chemical Co 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 1.00 1.33 1.77 3.78

Nippon Dry-Chemical Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.77 2.19 3.27 3.65 3.78

TSE:1909 vs ALLE, MSA, ADT: Cyclically Adjusted PB Ratio Comparison

For the Security & Protection Services subindustry, Nippon Dry-Chemical 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.


Nippon Dry-Chemical Co Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Nippon Dry-Chemical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nippon Dry-Chemical Co's Cyclically Adjusted PB Ratio falls into.


TSE:1909
73GF Score
Nippon Dry-Chemical Co Ltd TSE:1909
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Dry-Chemical 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.

Nippon Dry-Chemical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3700.00/648.77
=5.70

* 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.

Nippon Dry-Chemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Nippon Dry-Chemical 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)
=1158.275/112.7000*112.7000
=1,158.275

Current CPI (Mar. 2026) = 112.7000.

Nippon Dry-Chemical Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 344.664 97.900 396.768
201606 338.771 98.100 389.190
201609 341.290 98.000 392.484
201612 340.774 98.400 390.297
201703 371.128 98.100 426.362
201706 362.415 98.500 414.662
201709 361.762 98.800 412.658
201712 364.488 99.400 413.258
201803 409.865 99.200 465.643
201806 406.230 99.200 461.513
201809 417.535 99.900 471.033
201812 425.237 99.700 480.684
201903 443.089 99.700 500.864
201906 443.117 99.800 500.394
201909 455.865 100.100 513.247
201912 472.469 100.500 529.823
202003 494.778 100.300 555.947
202006 495.621 99.900 559.124
202009 507.408 99.900 572.421
202012 525.089 99.300 595.947
202103 576.958 99.900 650.883
202106 573.465 99.500 649.543
202109 586.303 100.100 660.103
202112 597.175 100.100 672.344
202203 600.742 101.100 669.670
202206 654.688 101.800 724.787
202209 632.071 103.100 690.925
202212 656.979 104.100 711.254
202303 690.678 104.400 745.588
202306 705.327 105.200 755.612
202309 748.127 106.200 793.916
202312 770.054 106.800 812.594
202403 830.094 107.200 872.683
202406 855.550 108.200 891.132
202409 881.063 108.900 911.807
202503 956.355 111.100 970.128
202506 989.818 111.700 998.679
202509 1,048.929 112.000 1,055.485
202512 1,116.019 113.000 1,113.056
202603 1,158.275 112.700 1,158.275

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 5.70 mean?
Nippon Dry-Chemical Co (TSE:1909) has a Cyclically Adjusted PB Ratio of 5.70 as of Aug. 06, 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 Nippon Dry-Chemical Co and its competitors. This is 342% above median its historical median of 1.29. Over the past decade, Nippon Dry-Chemical Co's Cyclically Adjusted PB Ratio has ranged from 0.80 to 5.83. According to the industry distribution chart, Nippon Dry-Chemical Co ranks #648 out of 729 companies in the Business Services industry, placing it in the top 88.9%.
Is Nippon Dry-Chemical Co's Cyclically Adjusted PB Ratio too high?
Nippon Dry-Chemical Co's current Cyclically Adjusted PB Ratio of 5.70 is 342% above median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 5.83. The Business Services industry median Cyclically Adjusted PB Ratio is 1.55. Nippon Dry-Chemical Co's value of 5.70 is 267.7% above this industry median. Based on the distribution chart, Nippon Dry-Chemical Co ranks #648 out of 729 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Nippon Dry-Chemical Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Dry-Chemical Co's Cyclically Adjusted PB Ratio compare to ALLE and MSA?
According to the Business Services industry distribution chart, Nippon Dry-Chemical Co ranks #648 out of 729 companies for Cyclically Adjusted PB Ratio. This places Nippon Dry-Chemical Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Nippon Dry-Chemical Co's value of 5.70 is 267.7% above this benchmark. Historically, Nippon Dry-Chemical Co's own Cyclically Adjusted PB Ratio has ranged from 0.80 to 5.83 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 1.55, Nippon Dry-Chemical 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.55, based on 729 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. Nippon Dry-Chemical Co's current Cyclically Adjusted PB Ratio of 5.70 is 267.7% 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 Nippon Dry-Chemical Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Dry-Chemical Co's current Cyclically Adjusted PB Ratio is 5.70, which is 342% above median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Dry-Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Dry-Chemical Co (TSE:1909) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,039.27, compared to a current price of 円3,700.00 — trading 256% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.70, which is 342% above median its 10-year median of 1.29 and 267.7% above the Business Services industry median of 1.55. Nippon Dry-Chemical Co's overall GF Score™ is 73/100 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 Nippon Dry-Chemical Co (TSE:1909), the current Cyclically Adjusted PB Ratio is 5.70 as of Aug. 06, 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 Nippon Dry-Chemical Co (TSE:1909) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Dry-Chemical Co stock appears to be overvalued. The current stock price of 円3,700.00 is trading 256% above its estimated GF Value™ of 円1,039.27. GuruFocus considers Nippon Dry-Chemical Co to be Significantly Overvalued.

Key valuation signals for TSE:1909:

  • Cyclically Adjusted PB Ratio: 5.70 (342% above median its 10-year median of 1.29)
  • GF Value™: 円1,039.27 vs. price of 円3,700.00 (256% above fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 267.7% above the Business Services median (#648 of 729)

No single metric tells the full story. See the TSE:1909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Dry-Chemical Co Business Description

Address 2-3-1,Daiba,Minato-ku, Tokyo, JPN
Nippon Dry-Chemical Co Ltd designs, manufactures, sells, and installs fire extinguishing equipment, fire engines and security systems in Japan. The company offers sprinkler systems; drencher equipment; sprinkler systems for apartment buildings; automatic fire alarm systems; water ejector sprinkler systems; indoor/outdoor hydrants; tunnel disaster prevention systems; and consolidated water pipes among other products.
73GF Score

Get the complete analysis for TSE:1909

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

円3,700.00
Price
円1,039.27
GF Value