Nakamuraya Co (TSE:2204) Cyclically Adjusted PB Ratio: 0.68 (As of Sep. 06, 2026) — 11% Below Median

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TSE:2204 Nakamuraya Co Ltd TSE:2204
67 GF Score
Price 円3,200.00
GF Value 円3,246.62
Valuation Fairly Valued
! 2 Warning Signs
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What is Nakamuraya Co Cyclically Adjusted PB Ratio?

Nakamuraya Co TSE:2204 +0.95% 67 Cyclically Adjusted PB Ratio is 0.68 as of Sep. 06, 2026, which is 11% below its 10-year median of 0.76. GuruFocus rates TSE:2204 with a GF Score™ of 67/100 and a GF Value™ of 円3,246.62 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,269 Consumer Packaged Goods companies, Nakamuraya Co ranks better than 74% on this metric.

As of today (2026-09-06), Nakamuraya Co's current share price is 円3200.00. Nakamuraya Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円4,732.65. Nakamuraya Co's Cyclically Adjusted PB Ratio for today is 0.68.

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

TSE:2204' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 0.76   Max: 1.27
Current: 0.68

During the past years, Nakamuraya Co's highest Cyclically Adjusted PB Ratio was 1.27. The lowest was 0.65. And the median was 0.76.

TSE:2204's Cyclically Adjusted PB Ratio is ranked better than
74% of 1269 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs TSE:2204: 0.68

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.

Nakamuraya Co's adjusted book value per share data for the three months ended in Jun. 2026 was 円4,865.425. 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4,732.65 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nakamuraya Co  (TSE:2204) 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.


Nakamuraya Co Cyclically Adjusted PB Ratio Related Terms


Nakamuraya Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nakamuraya 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.

Nakamuraya Co Cyclically Adjusted PB Ratio Chart

Nakamuraya 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 0.77 0.73 0.70 0.68 0.71

Nakamuraya Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.68 0.67 0.66 0.71 0.67

TSE:2204 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Nakamuraya 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.


Nakamuraya Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2204
67GF Score
Nakamuraya Co Ltd TSE:2204
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nakamuraya 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3200.00/4732.65
=0.68

* 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.

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

For example, Nakamuraya Co'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)
=4865.425/113.6000*113.6000
=4,865.425

Current CPI (Jun. 2026) = 113.6000.

Nakamuraya Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3,485.826 98.100 4,036.594
201609 3,454.009 98.000 4,003.831
201612 3,727.979 98.400 4,303.846
201703 4,338.348 98.100 5,023.816
201706 4,153.856 98.500 4,790.640
201709 4,104.078 98.800 4,718.859
201712 4,373.513 99.400 4,998.301
201803 4,563.645 99.200 5,226.110
201806 4,243.768 99.200 4,859.799
201809 4,179.401 99.900 4,752.552
201812 4,269.388 99.700 4,864.619
201903 4,580.327 99.700 5,218.908
201906 4,302.085 99.800 4,896.962
201909 4,207.267 100.100 4,774.681
201912 4,333.364 100.500 4,898.210
202003 4,398.873 100.300 4,982.173
202006 4,137.035 99.900 4,704.376
202009 4,007.897 99.900 4,557.529
202012 4,167.137 99.300 4,767.238
202103 4,364.565 99.900 4,963.109
202106 4,188.776 99.500 4,782.361
202109 4,084.725 100.100 4,635.612
202112 4,256.823 100.100 4,830.920
202203 4,375.822 101.100 4,916.848
202206 4,177.006 101.800 4,661.178
202209 4,042.364 103.100 4,454.050
202212 4,233.149 104.100 4,619.459
202303 4,319.135 104.400 4,699.748
202306 4,178.074 105.200 4,511.684
202309 4,133.322 106.200 4,421.331
202312 4,365.494 106.800 4,643.447
202403 4,581.663 107.200 4,855.195
202406 4,432.281 108.200 4,653.485
202409 4,285.539 108.900 4,470.498
202503 4,681.085 111.100 4,786.420
202506 4,521.430 111.700 4,598.339
202509 4,531.522 112.000 4,596.258
202512 4,864.668 113.000 4,890.498
202603 5,031.033 112.700 5,071.210
202606 4,865.425 113.600 4,865.425

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 0.68 mean?
Nakamuraya Co (TSE:2204) has a Cyclically Adjusted PB Ratio of 0.68 as of Sep. 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 Nakamuraya Co and its competitors. This is 11% below median its historical median of 0.76. Over the past decade, Nakamuraya Co's Cyclically Adjusted PB Ratio has ranged from 0.65 to 1.27. According to the industry distribution chart, Nakamuraya Co ranks #330 out of 1269 companies in the Consumer Packaged Goods industry, placing it in the top 26%.
Is Nakamuraya Co's Cyclically Adjusted PB Ratio too high?
Nakamuraya Co's current Cyclically Adjusted PB Ratio of 0.68 is 11% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 1.27. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Nakamuraya Co's value of 0.68 is 46.5% below this industry median. Based on the distribution chart, Nakamuraya Co ranks #330 out of 1269 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Nakamuraya Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nakamuraya Co's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Nakamuraya Co ranks #330 out of 1269 companies for Cyclically Adjusted PB Ratio. This puts Nakamuraya Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Nakamuraya Co's value of 0.68 is 46.5% below this benchmark. Historically, Nakamuraya Co's own Cyclically Adjusted PB Ratio has ranged from 0.65 to 1.27 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.27, Nakamuraya 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,269 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. Nakamuraya Co's current Cyclically Adjusted PB Ratio of 0.68 is 46.5% 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 Nakamuraya Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nakamuraya Co's current Cyclically Adjusted PB Ratio is 0.68, which is 11% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nakamuraya Co stock overvalued right now?
Based on GuruFocus' analysis, Nakamuraya Co (TSE:2204) is currently considered Fairly Valued. The stock's GF Value™ is 円3,246.62, compared to a current price of 円3,200.00 — trading 1.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.68, which is 11% below median its 10-year median of 0.76 and 46.5% below the Consumer Packaged Goods industry median of 1.27. Nakamuraya Co's overall GF Score™ is 67/100 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 Nakamuraya Co (TSE:2204), the current Cyclically Adjusted PB Ratio is 0.68 as of Sep. 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 Nakamuraya Co (TSE:2204) Overvalued in 2026?

Based on GuruFocus' analysis, Nakamuraya Co stock appears to be undervalued. The current stock price of 円3,200.00 is trading 1.4% below its estimated GF Value™ of 円3,246.62. GuruFocus considers Nakamuraya Co to be Fairly Valued.

Key valuation signals for TSE:2204:

  • Cyclically Adjusted PB Ratio: 0.68 (11% below median its 10-year median of 0.76)
  • GF Value™: 円3,246.62 vs. price of 円3,200.00 (1.4% below fair value)
  • GF Score™: 67/100 with 2 warning signs
  • Industry Position: 46.5% below the Consumer Packaged Goods median (#330 of 1269)

No single metric tells the full story. See the TSE:2204 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nakamuraya Co Business Description

Address Shinjuku 3-chome No. 26-13, Tokyo, JPN, 160-0022
Nakamuraya Co Ltd is engaged in the manufacturing and sale of confectionaries. Some of the products manufactured are - moon cake, cream bread, water cane, and karinto.
67GF Score

Get the complete analysis for TSE:2204

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

円3,200.00
Price
円3,246.62
GF Value