NH Foods (TSE:2282) Cyclically Adjusted PB Ratio: 1.24 (As of Aug. 06, 2026) — Near Median

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TSE:2282 NH Foods Ltd TSE:2282
76 GF Score
Price 円5,998.00
GF Value 円5,922.56
Valuation Fairly Valued
! 1 Warning Sign
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What is NH Foods Cyclically Adjusted PB Ratio?

NH Foods TSE:2282 +2.35% 76 Cyclically Adjusted PB Ratio is 1.24 as of Aug. 06, 2026, which is 1% below its 10-year median of 1.25. GuruFocus rates TSE:2282 with a GF Score™ of 76/100 and a GF Value™ of 円5,922.56 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,416 Consumer Packaged Goods companies, NH Foods ranks worse than 51.98% on this metric.

As of today (2026-08-06), NH Foods's current share price is 円5998.00. NH Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円4,841.97. NH Foods's Cyclically Adjusted PB Ratio for today is 1.24.

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

TSE:2282' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.25   Max: 2.41
Current: 1.21

During the past years, NH Foods's highest Cyclically Adjusted PB Ratio was 2.41. The lowest was 0.86. And the median was 1.25.

TSE:2282's Cyclically Adjusted PB Ratio is ranked worse than
51.98% of 1416 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs TSE:2282: 1.21

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.

NH Foods's adjusted book value per share data for the three months ended in Mar. 2026 was 円5,704.057. 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4,841.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NH Foods  (TSE:2282) 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.


NH Foods Cyclically Adjusted PB Ratio Related Terms


NH Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NH Foods'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.

NH Foods Cyclically Adjusted PB Ratio Chart

NH Foods 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 0.94 1.18 1.08 1.45

NH Foods 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 1.08 1.07 1.24 1.36 1.45

TSE:2282 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, NH Foods'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.


NH Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2282
76GF Score
NH Foods Ltd TSE:2282
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NH Foods 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.

NH Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5998.00/4841.97
=1.24

* 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.

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

For example, NH Foods'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)
=5704.057/112.7000*112.7000
=5,704.057

Current CPI (Mar. 2026) = 112.7000.

NH Foods Quarterly Data

Book Value per Share CPI Adj_Book
201606 3,440.895 98.100 3,952.996
201609 3,528.227 98.000 4,057.461
201612 3,745.258 98.400 4,289.538
201703 3,590.847 98.100 4,125.265
201706 3,827.619 98.500 4,379.418
201709 3,942.120 98.800 4,496.730
201712 4,097.410 99.400 4,645.655
201803 3,888.494 99.200 4,417.674
201806 3,891.631 99.200 4,421.238
201809 3,942.108 99.900 4,447.203
201812 3,971.881 99.700 4,489.779
201903 3,896.631 99.700 4,404.717
201906 3,869.667 99.800 4,369.854
201909 3,884.981 100.100 4,374.000
201912 4,045.853 100.500 4,536.991
202003 3,929.440 100.300 4,415.233
202006 3,963.409 99.900 4,471.233
202009 4,046.857 99.900 4,565.373
202012 4,134.190 99.300 4,692.077
202103 4,243.692 99.900 4,787.428
202106 4,231.452 99.500 4,792.810
202109 4,350.043 100.100 4,897.601
202112 4,506.414 100.100 5,073.655
202203 4,681.837 101.100 5,219.021
202206 4,752.123 101.800 5,260.946
202209 4,830.857 103.100 5,280.675
202212 4,810.187 104.100 5,207.570
202303 4,808.720 104.400 5,191.022
202306 4,876.776 105.200 5,224.455
202309 4,995.395 106.200 5,301.140
202312 5,048.997 106.800 5,327.921
202403 5,138.800 107.200 5,402.451
202406 0.000 108.200 0.000
202409 5,153.975 108.900 5,333.820
202412 5,376.284 110.700 5,473.417
202503 5,299.529 111.100 5,375.850
202506 5,271.894 111.700 5,319.091
202509 5,449.692 112.000 5,483.753
202512 5,642.754 113.000 5,627.773
202603 5,704.057 112.700 5,704.057

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 1.24 mean?
NH Foods (TSE:2282) has a Cyclically Adjusted PB Ratio of 1.24 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 NH Foods and its competitors. This is near median its historical median of 1.25. Over the past decade, NH Foods' Cyclically Adjusted PB Ratio has ranged from 0.86 to 2.41. According to the industry distribution chart, NH Foods ranks #736 out of 1416 companies in the Consumer Packaged Goods industry, placing it in the top 52%.
Is NH Foods' Cyclically Adjusted PB Ratio too high?
NH Foods' current Cyclically Adjusted PB Ratio of 1.24 is near median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 2.41. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. NH Foods' value of 1.24 is 0.8% below this industry median. Based on the distribution chart, NH Foods ranks #736 out of 1416 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, NH Foods has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NH Foods' Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, NH Foods ranks #736 out of 1416 companies for Cyclically Adjusted PB Ratio. This places NH Foods in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. NH Foods' value of 1.24 is 0.8% below this benchmark. Historically, NH Foods' own Cyclically Adjusted PB Ratio has ranged from 0.86 to 2.41 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 1.25, NH Foods 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 1.25, based on 1,416 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. NH Foods's current Cyclically Adjusted PB Ratio of 1.24 is 0.8% 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 NH Foods and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NH Foods's current Cyclically Adjusted PB Ratio is 1.24, which is near median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NH Foods stock overvalued right now?
Based on GuruFocus' analysis, NH Foods (TSE:2282) is currently considered Fairly Valued. The stock's GF Value™ is 円5,922.56, compared to a current price of 円5,998.00 — trading 1.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.24, which is near median its 10-year median of 1.25 and 0.8% below the Consumer Packaged Goods industry median of 1.25. NH Foods' overall GF Score™ is 76/100 with 1 warning sign 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 NH Foods (TSE:2282), the current Cyclically Adjusted PB Ratio is 1.24 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 NH Foods (TSE:2282) Overvalued in 2026?

Based on GuruFocus' analysis, NH Foods stock appears to be overvalued. The current stock price of 円5,998.00 is trading 1.3% above its estimated GF Value™ of 円5,922.56. GuruFocus considers NH Foods to be Fairly Valued.

Key valuation signals for TSE:2282:

  • Cyclically Adjusted PB Ratio: 1.24 (near median its 10-year median of 1.25)
  • GF Value™: 円5,922.56 vs. price of 円5,998.00 (1.3% above fair value)
  • GF Score™: 76/100 with 1 warning sign
  • Industry Position: 0.8% below the Consumer Packaged Goods median (#736 of 1416)

No single metric tells the full story. See the TSE:2282 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NH Foods Business Description

Other Exchanges NI6:Germany
Address 2-4-9 Umeda, Breeze Tower, Kita-ku, Osaka, JPN, 530-0001
NH Foods Ltd is a Japanese packaged-food company. The company offers a broad selection of products: hams, sausages, processed foods, marine products, dairy products, and health food. The company operates through ballpark, meat, processing, and overseas business headquarters. The Meat Business Headquarters focuses on meat production and sales in Japan. The Processing Business Headquarters manufactures and sells ham, sausages, processed foods, and dairy products domestically. The Overseas Business Headquarters engages in the production and sale of meat, ham, sausages, and processed foods abroad. It generates the majority of its revenue from the Meat business.
76GF Score

Get the complete analysis for TSE:2282

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

円5,998.00
Price
円5,922.56
GF Value