Nichirei (TSE:2871) Cyclically Adjusted PB Ratio: 2.44 (As of Sep. 07, 2026) — Near Median

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TSE:2871 Nichirei Corp TSE:2871
87 GF Score
Price 円2,102.00
GF Value 円1,839.14
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Nichirei Cyclically Adjusted PB Ratio?

Nichirei TSE:2871 -0.31% 87 Cyclically Adjusted PB Ratio is 2.44 as of Sep. 07, 2026, which is 4% below its 10-year median of 2.55. GuruFocus rates TSE:2871 with a GF Score™ of 87/100 and a GF Value™ of 円1,839.14 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,269 Consumer Packaged Goods companies, Nichirei ranks worse than 73.84% on this metric.

As of today (2026-09-07), Nichirei's current share price is 円2102.00. Nichirei's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円859.86. Nichirei's Cyclically Adjusted PB Ratio for today is 2.44.

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

TSE:2871' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.78   Med: 2.55   Max: 3.84
Current: 2.45

During the past years, Nichirei's highest Cyclically Adjusted PB Ratio was 3.84. The lowest was 1.78. And the median was 2.55.

TSE:2871's Cyclically Adjusted PB Ratio is ranked worse than
73.84% of 1269 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs TSE:2871: 2.45

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.

Nichirei's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,142.552. 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859.86 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nichirei  (TSE:2871) 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.


Nichirei Cyclically Adjusted PB Ratio Related Terms


Nichirei Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nichirei'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.

Nichirei Cyclically Adjusted PB Ratio Chart

Nichirei 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 1.97 2.03 2.86 2.22 2.29

Nichirei 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 2.31 2.09 2.20 2.29 0.00

TSE:2871 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Nichirei'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.


Nichirei Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2871
87GF Score
Nichirei Corp TSE:2871
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nichirei 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2102.00/859.86
=2.44

* 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.

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

For example, Nichirei'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)
=1142.552/112.7000*112.7000
=1,142.552

Current CPI (Mar. 2026) = 112.7000.

Nichirei Quarterly Data

Book Value per Share CPI Adj_Book
201606 511.294 98.100 587.389
201609 513.810 98.000 590.882
201612 543.558 98.400 622.551
201703 578.254 98.100 664.314
201706 559.013 98.500 639.602
201709 584.969 98.800 667.267
201712 608.909 99.400 690.383
201803 610.518 99.200 693.603
201806 622.381 99.200 707.080
201809 643.016 99.900 725.404
201812 648.684 99.700 733.267
201903 663.398 99.700 749.899
201906 668.838 99.800 755.291
201909 676.676 100.100 761.852
201912 691.826 100.500 775.809
202003 692.440 100.300 778.046
202006 697.409 99.900 786.767
202009 719.718 99.900 811.934
202012 731.278 99.300 829.960
202103 762.873 99.900 860.618
202106 762.686 99.500 863.866
202109 795.524 100.100 895.660
202112 795.823 100.100 895.997
202203 815.419 101.100 908.978
202206 843.650 101.800 933.982
202209 876.494 103.100 958.107
202212 874.339 104.100 946.571
202303 878.845 104.400 948.715
202306 907.296 105.200 971.980
202309 953.725 106.200 1,012.098
202312 964.489 106.800 1,017.771
202403 992.014 107.200 1,042.910
202406 1,015.350 108.200 1,057.578
202409 1,030.623 108.900 1,066.586
202412 1,027.491 110.700 1,046.055
202503 1,037.815 111.100 1,052.761
202506 1,025.087 111.700 1,034.264
202509 1,064.915 112.000 1,071.571
202512 1,097.196 113.000 1,094.283
202603 1,142.552 112.700 1,142.552

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 2.44 mean?
Nichirei (TSE:2871) has a Cyclically Adjusted PB Ratio of 2.44 as of Sep. 07, 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 Nichirei and its competitors. This is near median its historical median of 2.55. Over the past decade, Nichirei's Cyclically Adjusted PB Ratio has ranged from 1.78 to 3.84. According to the industry distribution chart, Nichirei ranks #937 out of 1269 companies in the Consumer Packaged Goods industry, placing it in the top 73.8%.
Is Nichirei's Cyclically Adjusted PB Ratio too high?
Nichirei's current Cyclically Adjusted PB Ratio of 2.44 is near median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 3.84. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Nichirei's value of 2.44 is 92.1% above this industry median. Based on the distribution chart, Nichirei ranks #937 out of 1269 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Nichirei has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nichirei's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Nichirei ranks #937 out of 1269 companies for Cyclically Adjusted PB Ratio. This places Nichirei in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Nichirei's value of 2.44 is 92.1% above this benchmark. Historically, Nichirei's own Cyclically Adjusted PB Ratio has ranged from 1.78 to 3.84 over the past decade. While the company's 10-year median is 2.55 vs. the industry median of 1.27, Nichirei 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 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. Nichirei's current Cyclically Adjusted PB Ratio of 2.44 is 92.1% 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 Nichirei 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. Nichirei's current Cyclically Adjusted PB Ratio is 2.44, which is near median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichirei stock overvalued right now?
Based on GuruFocus' analysis, Nichirei (TSE:2871) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,839.14, compared to a current price of 円2,102.00 — trading 14.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.44, which is near median its 10-year median of 2.55 and 92.1% above the Consumer Packaged Goods industry median of 1.27. Nichirei's overall GF Score™ is 87/100 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 Nichirei (TSE:2871), the current Cyclically Adjusted PB Ratio is 2.44 as of Sep. 07, 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 Nichirei (TSE:2871) Overvalued in 2026?

Based on GuruFocus' analysis, Nichirei stock appears to be overvalued. The current stock price of 円2,102.00 is trading 14.3% above its estimated GF Value™ of 円1,839.14. GuruFocus considers Nichirei to be Modestly Overvalued.

Key valuation signals for TSE:2871:

  • Cyclically Adjusted PB Ratio: 2.44 (near median its 10-year median of 2.55)
  • GF Value™: 円1,839.14 vs. price of 円2,102.00 (14.3% above fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 92.1% above the Consumer Packaged Goods median (#937 of 1269)

No single metric tells the full story. See the TSE:2871 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nichirei Business Description

Other Exchanges NI3:Germany
Address 6-19-20 Tsukiji, Nichirei Higashi Ginza Building, Chuo-ku, Tokyo, JPN, 104-8402
Nichirei Corp is a Japanese packaged-food company. The company operates through six segments. The Animal Husbandry segment covers livestock processing, sales, and chicken breeding. The Fisheries segment handles marine product processing and sales. The Processed Food segment offers frozen foods, agricultural and wellness products, resort foods, acerola, and packaged ice. The Low Temperature Logistics segment provides transportation, storage, distribution center functions, logistics consulting, and related services. The Real Estate segment manages office buildings, parking, and leasing. The Others segment includes bioscience operations. It generates the majority of its revenue from the Processed food segment.
87GF Score

Get the complete analysis for TSE:2871

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

円2,102.00
Price
円1,839.14
GF Value