Okura Industrial Co (TSE:4221) Cyclically Adjusted PB Ratio: 1.15 (As of Aug. 20, 2026) — 89% 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:4221 Okura Industrial Co Ltd TSE:4221
80 GF Score
Price 円5,530.00
GF Value 円4,437.79
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Okura Industrial Co Cyclically Adjusted PB Ratio?

Okura Industrial Co TSE:4221 -4.16% 80 Cyclically Adjusted PB Ratio is 1.15 as of Aug. 20, 2026, which is 89% above its 10-year median of 0.61. GuruFocus rates TSE:4221 with a GF Score™ of 80/100 and a GF Value™ of 円4,437.79 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,181 Chemicals companies, Okura Industrial Co ranks better than 62.83% on this metric.

As of today (2026-08-20), Okura Industrial Co's current share price is 円5530.00. Okura Industrial Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円4,824.48. Okura Industrial Co's Cyclically Adjusted PB Ratio for today is 1.15.

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

TSE:4221' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.61   Max: 1.22
Current: 1.2

During the past years, Okura Industrial Co's highest Cyclically Adjusted PB Ratio was 1.22. The lowest was 0.39. And the median was 0.61.

TSE:4221's Cyclically Adjusted PB Ratio is ranked better than
62.83% of 1181 companies
in the Chemicals industry
Industry Median: 1.67 vs TSE:4221: 1.20

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.

Okura Industrial Co's adjusted book value per share data for the three months ended in Jun. 2026 was 円5,784.078. 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4,824.48 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Okura Industrial Co  (TSE:4221) 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.


Okura Industrial Co Cyclically Adjusted PB Ratio Related Terms


Okura Industrial Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Okura Industrial 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.

Okura Industrial Co Cyclically Adjusted PB Ratio Chart

Okura Industrial 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 0.62 0.48 0.62 0.68 1.04

Okura Industrial 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 0.95 1.18 1.04 0.99 0.99

TSE:4221 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Okura Industrial 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.


Okura Industrial Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


TSE:4221
80GF Score
Okura Industrial Co Ltd TSE:4221
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Okura Industrial 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.

Okura Industrial Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5530.00/4824.48
=1.15

* 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.

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

For example, Okura Industrial 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)
=5784.078/113.6000*113.6000
=5,784.078

Current CPI (Jun. 2026) = 113.6000.

Okura Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 3,370.336 98.000 3,906.838
201612 3,388.712 98.400 3,912.172
201703 3,440.205 98.100 3,983.764
201706 3,586.464 98.500 4,136.267
201709 3,691.630 98.800 4,244.627
201712 3,693.850 99.400 4,221.543
201803 3,637.218 99.200 4,165.201
201806 3,694.941 99.200 4,231.303
201809 3,798.221 99.900 4,319.098
201812 3,677.184 99.700 4,189.851
201903 3,737.937 99.700 4,259.074
201906 3,754.133 99.800 4,273.242
201909 3,805.908 100.100 4,319.192
201912 3,896.433 100.500 4,404.326
202003 3,840.705 100.300 4,349.991
202006 3,915.904 99.900 4,452.920
202009 3,989.509 99.900 4,536.619
202012 4,115.910 99.300 4,708.634
202103 4,219.492 99.900 4,798.141
202106 4,299.589 99.500 4,908.877
202109 4,408.538 100.100 5,003.096
202112 4,401.039 100.100 4,994.586
202203 4,387.794 101.100 4,930.301
202206 4,480.929 101.800 5,000.329
202209 4,555.872 103.100 5,019.855
202212 4,655.496 104.100 5,080.349
202303 4,686.327 104.400 5,099.298
202306 4,857.825 105.200 5,245.712
202309 4,990.198 106.200 5,337.914
202312 5,031.175 106.800 5,351.512
202403 5,091.623 107.200 5,395.600
202406 5,264.011 108.200 5,526.725
202409 5,419.317 108.900 5,653.209
202412 5,333.820 110.700 5,473.550
202503 5,304.595 111.100 5,423.960
202506 5,424.449 111.700 5,516.718
202509 5,502.700 112.000 5,581.310
202512 5,585.783 113.000 5,615.442
202603 5,579.497 112.700 5,624.054
202606 5,784.078 113.600 5,784.078

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 1.15 mean?
Okura Industrial Co (TSE:4221) has a Cyclically Adjusted PB Ratio of 1.15 as of Aug. 20, 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 Okura Industrial Co and its competitors. This is 89% above median its historical median of 0.61. Over the past decade, Okura Industrial Co's Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.22. According to the industry distribution chart, Okura Industrial Co ranks #439 out of 1181 companies in the Chemicals industry, placing it in the top 37.2%.
Is Okura Industrial Co's Cyclically Adjusted PB Ratio too high?
Okura Industrial Co's current Cyclically Adjusted PB Ratio of 1.15 is 89% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.22. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Okura Industrial Co's value of 1.15 is 31.1% below this industry median. Based on the distribution chart, Okura Industrial Co ranks #439 out of 1181 companies in the Chemicals industry, which is above the industry midpoint. Overall, Okura Industrial Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Okura Industrial Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Okura Industrial Co ranks #439 out of 1181 companies for Cyclically Adjusted PB Ratio. This puts Okura Industrial Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Okura Industrial Co's value of 1.15 is 31.1% below this benchmark. Historically, Okura Industrial Co's own Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.22 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 1.67, Okura Industrial 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 1.67, based on 1,181 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. Okura Industrial Co's current Cyclically Adjusted PB Ratio of 1.15 is 31.1% 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 Okura Industrial Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Okura Industrial Co's current Cyclically Adjusted PB Ratio is 1.15, which is 89% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okura Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Okura Industrial Co (TSE:4221) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,437.79, compared to a current price of 円5,530.00 — trading 24.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.15, which is 89% above median its 10-year median of 0.61 and 31.1% below the Chemicals industry median of 1.67. Okura Industrial Co's overall GF Score™ is 80/100 with 4 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 Okura Industrial Co (TSE:4221), the current Cyclically Adjusted PB Ratio is 1.15 as of Aug. 20, 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 Okura Industrial Co (TSE:4221) Overvalued in 2026?

Based on GuruFocus' analysis, Okura Industrial Co stock appears to be overvalued. The current stock price of 円5,530.00 is trading 24.6% above its estimated GF Value™ of 円4,437.79. GuruFocus considers Okura Industrial Co to be Modestly Overvalued.

Key valuation signals for TSE:4221:

  • Cyclically Adjusted PB Ratio: 1.15 (89% above median its 10-year median of 0.61)
  • GF Value™: 円4,437.79 vs. price of 円5,530.00 (24.6% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 31.1% below the Chemicals median (#439 of 1181)

No single metric tells the full story. See the TSE:4221 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Okura Industrial Co Business Description

Address 1515 Nakazu-cho, Kagawa, Marugame, JPN, 763-8508
Okura Industrial Co Ltd engages in the processing, manufacture, and sale of plastic products. It operates through various divisions namely Plastic Film, New Materials, and Housing Materials. The Plastic Film division produces and merchandises synthetic resin products such as polyethylene and polypropylene films. New Materials segment covers liquid crystal display materials such as optical films, urethane films, seamless belts, and solvent-free acrylic adhesives. Housing Materials segment deals with construction materials such as particle and processed boards.
80GF Score

Get the complete analysis for TSE:4221

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

円5,530.00
Price
円4,437.79
GF Value