Nitcho (TSE:2961) Cyclically Adjusted PB Ratio: (As of Aug. 15, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2961 Nitcho Corp TSE:2961
65 GF Score
Price 円1,500.00
GF Value 円925.05
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Nitcho Cyclically Adjusted PB Ratio?

Nitcho does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Shiller PE for Stocks: The True Measure of Stock Valuation

Nitcho  (TSE:2961) 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.

Nitcho Cyclically Adjusted PB Ratio Related Terms

Nitcho Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nitcho'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.

Nitcho Cyclically Adjusted PB Ratio Chart

Nitcho Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
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Nitcho Quarterly Data
Sep20 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 0.00 0.00 0.00 0.00 0.00

TSE:2961 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Nitcho'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.

Nitcho Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nitcho's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2961
65GF Score
Nitcho Corp TSE:2961
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nitcho 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.

Nitcho does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Is Nitcho (TSE:2961) Overvalued in 2026?

Based on GuruFocus' analysis, Nitcho stock appears to be overvalued. The current stock price of 円1,500.00 is trading 62.2% above its estimated GF Value™ of 円925.05. GuruFocus considers Nitcho to be Significantly Overvalued.

Key valuation signals for TSE:2961:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円925.05 vs. price of 円1,500.00 (62.2% above fair value)
  • GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the TSE:2961 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nitcho Business Description

Address 3-15-8 Higashirokugo, Ota-ku, Tokyo, JPN, 144-8513
Nitcho Corp develops, manufactures, sells, and repairs kitchen equipment for mass food service facilities that provide meals to a large number of people continuously. Its product portfolio comprises dishwashers, disinfection and storage machines, rotary kettles, rice cookers, steam convection ovens, etc. In addition to providing kitchen equipment, it is also involved in designing, constructing, and providing after-sales services for kitchen systems. The company caters to school lunches, employee and student cafeterias, medical and welfare facilities, and cafeterias.
65GF Score

Get the complete analysis for TSE:2961

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

円1,500.00
Price
円925.05
GF Value