Nihon Kagakungyo Co (TSE:4094) Cyclically Adjusted PB Ratio: 0.94 (As of Aug. 05, 2026) — 22% Above Median

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TSE:4094 Nihon Kagaku Sangyo Co Ltd TSE:4094
63 GF Score
Price 円2,091.00
GF Value 円1,865.03
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nihon Kagakungyo Co Cyclically Adjusted PB Ratio?

Nihon Kagakungyo Co TSE:4094 +0.05% 63 Cyclically Adjusted PB Ratio is 0.94 as of Aug. 05, 2026, which is 22% above its 10-year median of 0.77. GuruFocus rates TSE:4094 with a GF Score™ of 63/100 and a GF Value™ of 円1,865.03 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,239 Chemicals companies, Nihon Kagakungyo Co ranks better than 70.86% on this metric.

As of today (2026-08-05), Nihon Kagakungyo Co's current share price is 円2091.00. Nihon Kagakungyo Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was 円2,222.10. Nihon Kagakungyo Co's Cyclically Adjusted PB Ratio for today is 0.94.

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

TSE:4094' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.77   Max: 1.86
Current: 0.94

During the past 13 years, Nihon Kagakungyo Co's highest Cyclically Adjusted PB Ratio was 1.86. The lowest was 0.57. And the median was 0.77.

TSE:4094's Cyclically Adjusted PB Ratio is ranked better than
70.86% of 1239 companies
in the Chemicals industry
Industry Median: 1.61 vs TSE:4094: 0.94

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.

Nihon Kagakungyo Co's adjusted book value per share data of for the fiscal year that ended in Mar26 was 円2,611.625. 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2,222.10 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nihon Kagakungyo Co  (TSE:4094) 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.


Nihon Kagakungyo Co Cyclically Adjusted PB Ratio Related Terms


Nihon Kagakungyo Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nihon Kagakungyo 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.

Nihon Kagakungyo Co Cyclically Adjusted PB Ratio Chart

Nihon Kagakungyo 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 0.70 0.58 0.73 0.74 1.07

Nihon Kagakungyo Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.73 0.73 0.74 0.00 1.07

TSE:4094 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Nihon Kagakungyo 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.


Nihon Kagakungyo Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nihon Kagakungyo Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:4094
63GF Score
Nihon Kagaku Sangyo Co Ltd TSE:4094
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nihon Kagakungyo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2091.00/2222.10
=0.94

* 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.

Nihon Kagakungyo Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Nihon Kagakungyo Co's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=2611.625/112.7000*112.7000
=2,611.625

Current CPI (Mar26) = 112.7000.

Nihon Kagakungyo Co Annual Data

Book Value per Share CPI Adj_Book
201703 1,580.659 98.100 1,815.905
201803 1,711.413 99.200 1,944.317
201903 1,756.489 99.700 1,985.520
202003 1,815.379 100.300 2,039.813
202103 1,972.108 99.900 2,224.791
202203 2,127.271 101.100 2,371.350
202303 2,197.705 104.400 2,372.427
202403 2,348.325 107.200 2,468.808
202503 2,352.527 111.100 2,386.407
202603 2,611.625 112.700 2,611.625

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 0.94 mean?
Nihon Kagakungyo Co (TSE:4094) has a Cyclically Adjusted PB Ratio of 0.94 as of Aug. 05, 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 Nihon Kagakungyo Co and its competitors. This is 22% above median its historical median of 0.77. Over the past decade, Nihon Kagakungyo Co's Cyclically Adjusted PB Ratio has ranged from 0.57 to 1.86. According to the industry distribution chart, Nihon Kagakungyo Co ranks #361 out of 1239 companies in the Chemicals industry, placing it in the top 29.1%.
Is Nihon Kagakungyo Co's Cyclically Adjusted PB Ratio too high?
Nihon Kagakungyo Co's current Cyclically Adjusted PB Ratio of 0.94 is 22% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.86. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.61. Nihon Kagakungyo Co's value of 0.94 is 41.6% below this industry median. Based on the distribution chart, Nihon Kagakungyo Co ranks #361 out of 1239 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nihon Kagakungyo Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Kagakungyo Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nihon Kagakungyo Co ranks #361 out of 1239 companies for Cyclically Adjusted PB Ratio. This puts Nihon Kagakungyo Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.61. Nihon Kagakungyo Co's value of 0.94 is 41.6% below this benchmark. Historically, Nihon Kagakungyo Co's own Cyclically Adjusted PB Ratio has ranged from 0.57 to 1.86 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 1.61, Nihon Kagakungyo 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.61, based on 1,239 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. Nihon Kagakungyo Co's current Cyclically Adjusted PB Ratio of 0.94 is 41.6% 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 Nihon Kagakungyo Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Kagakungyo Co's current Cyclically Adjusted PB Ratio is 0.94, which is 22% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Kagakungyo Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Kagakungyo Co (TSE:4094) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,865.03, compared to a current price of 円2,091.00 — trading 12.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.94, which is 22% above median its 10-year median of 0.77 and 41.6% below the Chemicals industry median of 1.61. Nihon Kagakungyo Co's overall GF Score™ is 63/100 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 Nihon Kagakungyo Co (TSE:4094), the current Cyclically Adjusted PB Ratio is 0.94 as of Aug. 05, 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 Nihon Kagakungyo Co (TSE:4094) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Kagakungyo Co stock appears to be overvalued. The current stock price of 円2,091.00 is trading 12.1% above its estimated GF Value™ of 円1,865.03. GuruFocus considers Nihon Kagakungyo Co to be Modestly Overvalued.

Key valuation signals for TSE:4094:

  • Cyclically Adjusted PB Ratio: 0.94 (22% above median its 10-year median of 0.77)
  • GF Value™: 円1,865.03 vs. price of 円2,091.00 (12.1% above fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 41.6% below the Chemicals median (#361 of 1239)

No single metric tells the full story. See the TSE:4094 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nihon Kagakungyo Co Business Description

Address 4-8-1 Higashi Ueno, Tixtower Ueno (Reception 5th Floor, Taito-ku, Tokyo, JPN, 110-0015
Nihon Kagaku Sangyo Co Ltd is a Japan-based chemical manufacturer. Its business activities are divided into two divisions including Chemical business which is engaged in production and sales of organic and inorganic industrial chemicals. And Building Materials business which offers metal products. Its chemical product offerings include copper compounds, tin compounds, nickel compounds, cobalt compounds, metallic soaps, among others. The building materials division offers products including plancier air vent, nent roof, finish hardware, mail post, approach stainless steel, handrails, heat exchanger, metal eaves fascia and cold rolling forming hardware.
63GF Score

Get the complete analysis for TSE:4094

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

円2,091.00
Price
円1,865.03
GF Value