Kyowa Kirin Co (TSE:4151) Cyclically Adjusted PB Ratio: 1.48 (As of Sep. 16, 2026) — 29% Below Median

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TSE:4151 Kyowa Kirin Co Ltd TSE:4151
85 GF Score
Price 円2,218.50
GF Value 円2,814.40
Valuation Modestly Undervalued
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What is Kyowa Kirin Co Cyclically Adjusted PB Ratio?

Kyowa Kirin Co TSE:4151 -1.00% 85 Cyclically Adjusted PB Ratio is 1.48 as of Sep. 16, 2026, which is 29% below its 10-year median of 2.08. GuruFocus rates TSE:4151 with a GF Score™ of 85/100 and a GF Value™ of 円2,814.40 (Modestly Undervalued). Among 636 Drug Manufacturers companies, Kyowa Kirin Co ranks better than 54.72% on this metric.

As of today (2026-09-16), Kyowa Kirin Co's current share price is 円2218.50. Kyowa Kirin Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円1,503.45. Kyowa Kirin Co's Cyclically Adjusted PB Ratio for today is 1.48.

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

TSE:4151' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.08   Max: 3.68
Current: 1.46

During the past years, Kyowa Kirin Co's highest Cyclically Adjusted PB Ratio was 3.68. The lowest was 1.46. And the median was 2.08.

TSE:4151's Cyclically Adjusted PB Ratio is ranked better than
54.72% of 636 companies
in the Drug Manufacturers industry
Industry Median: 1.685 vs TSE:4151: 1.46

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.

Kyowa Kirin Co's adjusted book value per share data for the three months ended in Jun. 2026 was 円1,749.790. 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1,503.45 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kyowa Kirin Co  (TSE:4151) 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.


Kyowa Kirin Co Cyclically Adjusted PB Ratio Related Terms


Kyowa Kirin Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kyowa Kirin 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.

Kyowa Kirin Co Cyclically Adjusted PB Ratio Chart

Kyowa Kirin Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.65 2.40 1.79 1.68 1.70

Kyowa Kirin Co 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 1.72 1.59 1.72 1.74 1.72

TSE:4151 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Kyowa Kirin 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.


Kyowa Kirin Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Kyowa Kirin Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:4151
85GF Score
Kyowa Kirin Co Ltd TSE:4151
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kyowa Kirin 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.

Kyowa Kirin Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2218.50/1503.45
=1.48

* 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.

Kyowa Kirin Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Kyowa Kirin Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1749.79/113.6000*113.6000
=1,749.790

Current CPI (Jun. 2026) = 113.6000.

Kyowa Kirin Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,079.836 98.000 1,251.728
201612 1,097.808 98.400 1,267.388
201703 1,096.925 98.100 1,270.241
201706 1,112.291 98.500 1,282.805
201709 1,115.965 98.800 1,283.134
201712 0.000 99.400 0.000
201803 1,144.982 99.200 1,311.189
201806 1,165.896 99.200 1,335.139
201809 1,180.493 99.900 1,342.382
201812 1,186.650 99.700 1,352.091
201903 1,167.601 99.700 1,330.386
201906 1,235.606 99.800 1,406.461
201909 1,228.239 100.100 1,393.886
201912 1,263.161 100.500 1,427.812
202003 1,252.620 100.300 1,418.720
202006 1,276.893 99.900 1,452.002
202009 1,275.516 99.900 1,450.437
202012 1,300.125 99.300 1,487.353
202103 1,317.626 99.900 1,498.321
202106 1,341.001 99.500 1,531.032
202109 1,327.477 100.100 1,506.507
202112 1,371.903 100.100 1,556.925
202203 1,385.356 101.100 1,556.641
202206 1,424.183 101.800 1,589.265
202209 1,419.290 103.100 1,563.835
202212 1,419.267 104.100 1,548.787
202303 1,426.689 104.400 1,552.413
202306 1,478.378 105.200 1,596.423
202309 1,510.655 106.200 1,615.917
202312 1,555.810 106.800 1,654.869
202403 1,577.381 107.200 1,671.553
202406 1,634.732 108.200 1,716.318
202409 1,591.792 108.900 1,660.492
202412 1,625.678 110.700 1,668.266
202503 1,588.594 111.100 1,624.341
202506 1,608.399 111.700 1,635.758
202509 1,616.313 112.000 1,639.403
202512 1,706.499 113.000 1,715.560
202603 1,705.374 112.700 1,718.993
202606 1,749.790 113.600 1,749.790

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 1.48 mean?
Kyowa Kirin Co (TSE:4151) has a Cyclically Adjusted PB Ratio of 1.48 as of Sep. 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 Kyowa Kirin Co and its competitors. This is 29% below median its historical median of 2.08. Over the past decade, Kyowa Kirin Co's Cyclically Adjusted PB Ratio has ranged from 1.46 to 3.68. According to the industry distribution chart, Kyowa Kirin Co ranks #288 out of 636 companies in the Drug Manufacturers industry, placing it in the top 45.3%.
Is Kyowa Kirin Co's Cyclically Adjusted PB Ratio too high?
Kyowa Kirin Co's current Cyclically Adjusted PB Ratio of 1.48 is 29% below median its 10-year median of 2.08. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 3.68. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.69. Kyowa Kirin Co's value of 1.48 is 12.2% below this industry median. Based on the distribution chart, Kyowa Kirin Co ranks #288 out of 636 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Kyowa Kirin Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kyowa Kirin Co's Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Kyowa Kirin Co ranks #288 out of 636 companies for Cyclically Adjusted PB Ratio. This puts Kyowa Kirin Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.69. Kyowa Kirin Co's value of 1.48 is 12.2% below this benchmark. Historically, Kyowa Kirin Co's own Cyclically Adjusted PB Ratio has ranged from 1.46 to 3.68 over the past decade. While the company's 10-year median is 2.08 vs. the industry median of 1.69, Kyowa Kirin 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.69, based on 636 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. Kyowa Kirin Co's current Cyclically Adjusted PB Ratio of 1.48 is 12.2% 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 Kyowa Kirin Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kyowa Kirin Co's current Cyclically Adjusted PB Ratio is 1.48, which is 29% below median its own 10-year median of 2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyowa Kirin Co stock overvalued right now?
Based on GuruFocus' analysis, Kyowa Kirin Co (TSE:4151) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,814.40, compared to a current price of 円2,218.50 — trading 21.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.48, which is 29% below median its 10-year median of 2.08 and 12.2% below the Drug Manufacturers industry median of 1.69. Kyowa Kirin Co's overall GF Score™ is 85/100. 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 Kyowa Kirin Co (TSE:4151), the current Cyclically Adjusted PB Ratio is 1.48 as of Sep. 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 Kyowa Kirin Co (TSE:4151) Overvalued in 2026?

Based on GuruFocus' analysis, Kyowa Kirin Co stock appears to be undervalued. The current stock price of 円2,218.50 is trading 21.2% below its estimated GF Value™ of 円2,814.40. GuruFocus considers Kyowa Kirin Co to be Modestly Undervalued.

Key valuation signals for TSE:4151:

  • Cyclically Adjusted PB Ratio: 1.48 (29% below median its 10-year median of 2.08)
  • GF Value™: 円2,814.40 vs. price of 円2,218.50 (21.2% below fair value)
  • GF Score™: 85/100
  • Industry Position: 12.2% below the Drug Manufacturers median (#288 of 636)

No single metric tells the full story. See the TSE:4151 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kyowa Kirin Co Business Description

Address 1-9-2 Otemachi, Chiyoda-ku, Chiyoda-ku, Tokyo, JPN, 100-0004
Kyowa Kirin Co Ltd is engaged in research, development, manufacturing, sales, import and export of prescription pharmaceuticals. Its products include KHK4083/AMG 451, rocatinlimab; ziftomenib; OTL-203 KK8398, infigratinib; KHK4951, tivozanib; OTL-201; KK4277; KK2260; KK2269; KK2845; and KK8123.
85GF Score

Get the complete analysis for TSE:4151

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

円2,218.50
Price
円2,814.40
GF Value