Showa Paxxs (TSE:3954) Cyclically Adjusted PB Ratio: 0.72 (As of Aug. 16, 2026) — 22% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:3954 Showa Paxxs Corp TSE:3954
63 GF Score
Price 円3,270.00
GF Value 円2,021.70
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Showa Paxxs Cyclically Adjusted PB Ratio?

Showa Paxxs TSE:3954 +3.15% 63 Cyclically Adjusted PB Ratio is 0.72 as of Aug. 16, 2026, which is 22% above its 10-year median of 0.59. GuruFocus rates TSE:3954 with a GF Score™ of 63/100 and a GF Value™ of 円2,021.70 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 308 Packaging & Containers companies, Showa Paxxs ranks better than 66.56% on this metric.

As of today (2026-08-16), Showa Paxxs's current share price is 円3270.00. Showa Paxxs's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円4,539.78. Showa Paxxs's Cyclically Adjusted PB Ratio for today is 0.72.

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

TSE:3954' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.59   Max: 0.93
Current: 0.72

During the past years, Showa Paxxs's highest Cyclically Adjusted PB Ratio was 0.93. The lowest was 0.41. And the median was 0.59.

TSE:3954's Cyclically Adjusted PB Ratio is ranked better than
66.56% of 308 companies
in the Packaging & Containers industry
Industry Median: 1.15 vs TSE:3954: 0.72

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.

Showa Paxxs's adjusted book value per share data for the three months ended in Mar. 2026 was 円6,084.826. 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4,539.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Showa Paxxs  (TSE:3954) 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.


Showa Paxxs Cyclically Adjusted PB Ratio Related Terms


Showa Paxxs Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Showa Paxxs'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.

Showa Paxxs Cyclically Adjusted PB Ratio Chart

Showa Paxxs 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 0.47 0.45 0.48 0.44 0.66

Showa Paxxs 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 0.44 0.46 0.71 0.73 0.66

TSE:3954 vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Showa Paxxs'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.


Showa Paxxs Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Showa Paxxs's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3954
63GF Score
Showa Paxxs Corp TSE:3954
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Showa Paxxs 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.

Showa Paxxs's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3270.00/4539.78
=0.72

* 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.

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

For example, Showa Paxxs'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)
=6084.826/112.7000*112.7000
=6,084.826

Current CPI (Mar. 2026) = 112.7000.

Showa Paxxs Quarterly Data

Book Value per Share CPI Adj_Book
201606 2,683.029 98.100 3,082.338
201609 2,773.772 98.000 3,189.838
201612 2,908.648 98.400 3,331.348
201703 3,060.436 98.100 3,515.914
201706 3,154.821 98.500 3,609.628
201709 3,330.832 98.800 3,799.441
201712 3,413.987 99.400 3,870.788
201803 3,440.109 99.200 3,908.269
201806 3,449.509 99.200 3,918.948
201809 3,520.073 99.900 3,971.093
201812 3,496.672 99.700 3,952.607
201903 3,512.841 99.700 3,970.884
201906 3,560.337 99.800 4,020.541
201909 3,639.145 100.100 4,097.219
201912 3,731.297 100.500 4,184.250
202003 3,669.234 100.300 4,122.858
202006 3,755.138 99.900 4,236.277
202009 3,887.359 99.900 4,385.439
202012 3,982.038 99.300 4,519.393
202103 4,150.343 99.900 4,682.119
202106 4,197.846 99.500 4,754.746
202109 4,283.969 100.100 4,823.210
202112 4,289.292 100.100 4,829.203
202203 4,367.792 101.100 4,868.943
202206 4,364.465 101.800 4,831.780
202209 4,441.643 103.100 4,855.220
202212 4,456.767 104.100 4,824.953
202303 4,614.115 104.400 4,980.946
202306 4,733.921 105.200 5,071.415
202309 4,817.731 106.200 5,112.602
202312 4,936.877 106.800 5,209.607
202403 5,190.474 107.200 5,456.776
202406 0.000 108.200 0.000
202409 5,276.395 108.900 5,460.512
202412 5,299.786 110.700 5,395.536
202503 5,341.879 111.100 5,418.810
202506 5,385.745 111.700 5,433.961
202509 5,524.298 112.000 5,558.825
202512 5,725.574 113.000 5,710.373
202603 6,084.826 112.700 6,084.826

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 0.72 mean?
Showa Paxxs (TSE:3954) has a Cyclically Adjusted PB Ratio of 0.72 as of Aug. 16, 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 Showa Paxxs and its competitors. This is 22% above median its historical median of 0.59. Over the past decade, Showa Paxxs' Cyclically Adjusted PB Ratio has ranged from 0.41 to 0.93. According to the industry distribution chart, Showa Paxxs ranks #103 out of 308 companies in the Packaging & Containers industry, placing it in the top 33.4%.
Is Showa Paxxs' Cyclically Adjusted PB Ratio too high?
Showa Paxxs' current Cyclically Adjusted PB Ratio of 0.72 is 22% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.93. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.15. Showa Paxxs' value of 0.72 is 37.4% below this industry median. Based on the distribution chart, Showa Paxxs ranks #103 out of 308 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Showa Paxxs has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Showa Paxxs' Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Showa Paxxs ranks #103 out of 308 companies for Cyclically Adjusted PB Ratio. This puts Showa Paxxs in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. Showa Paxxs' value of 0.72 is 37.4% below this benchmark. Historically, Showa Paxxs' own Cyclically Adjusted PB Ratio has ranged from 0.41 to 0.93 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 1.15, Showa Paxxs 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.15, based on 308 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. Showa Paxxs's current Cyclically Adjusted PB Ratio of 0.72 is 37.4% 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 Showa Paxxs and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Showa Paxxs's current Cyclically Adjusted PB Ratio is 0.72, which is 22% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Showa Paxxs stock overvalued right now?
Based on GuruFocus' analysis, Showa Paxxs (TSE:3954) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,021.70, compared to a current price of 円3,270.00 — trading 61.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.72, which is 22% above median its 10-year median of 0.59 and 37.4% below the Packaging & Containers industry median of 1.15. Showa Paxxs' overall GF Score™ is 63/100 with 7 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 Showa Paxxs (TSE:3954), the current Cyclically Adjusted PB Ratio is 0.72 as of Aug. 16, 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 Showa Paxxs (TSE:3954) Overvalued in 2026?

Based on GuruFocus' analysis, Showa Paxxs stock appears to be overvalued. The current stock price of 円3,270.00 is trading 61.7% above its estimated GF Value™ of 円2,021.70. GuruFocus considers Showa Paxxs to be Significantly Overvalued.

Key valuation signals for TSE:3954:

  • Cyclically Adjusted PB Ratio: 0.72 (22% above median its 10-year median of 0.59)
  • GF Value™: 円2,021.70 vs. price of 円3,270.00 (61.7% above fair value)
  • GF Score™: 63/100 with 7 warning signs
  • Industry Position: 37.4% below the Packaging & Containers median (#103 of 308)

No single metric tells the full story. See the TSE:3954 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Showa Paxxs Business Description

Address 2-12 Ichigayahonmura-cho, Shinjuku-ku, Tokyo, JPN, 162-0845
Showa Paxxs Corporation is an industrial packaging container manufacturer. It is engaged in manufacturing and selling packaging materials and containers. The products offered by the company include heavy wrapping paper bags, containers, film, and packaging machine equipment systems.
63GF Score

Get the complete analysis for TSE:3954

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

円3,270.00
Price
円2,021.70
GF Value