Nippon Kayaku Co (TSE:4272) Cyclically Adjusted PB Ratio: 1.40 (As of Aug. 13, 2026) — 37% Above Median

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TSE:4272 Nippon Kayaku Co Ltd TSE:4272
84 GF Score
Price 円2,127.50
GF Value 円1,710.99
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Nippon Kayaku Co Cyclically Adjusted PB Ratio?

Nippon Kayaku Co TSE:4272 +1.07% 84 Cyclically Adjusted PB Ratio is 1.40 as of Aug. 13, 2026, which is 37% above its 10-year median of 1.02. GuruFocus rates TSE:4272 with a GF Score™ of 84/100 and a GF Value™ of 円1,710.99 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,218 Chemicals companies, Nippon Kayaku Co ranks better than 58.29% on this metric.

As of today (2026-08-13), Nippon Kayaku Co's current share price is 円2127.50. Nippon Kayaku Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,523.12. Nippon Kayaku Co's Cyclically Adjusted PB Ratio for today is 1.40.

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

TSE:4272' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.02   Max: 2.12
Current: 1.38

During the past years, Nippon Kayaku Co's highest Cyclically Adjusted PB Ratio was 2.12. The lowest was 0.79. And the median was 1.02.

TSE:4272's Cyclically Adjusted PB Ratio is ranked better than
58.29% of 1218 companies
in the Chemicals industry
Industry Median: 1.65 vs TSE:4272: 1.38

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.

Nippon Kayaku Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,878.851. 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1,523.12 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Kayaku Co  (TSE:4272) 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.


Nippon Kayaku Co Cyclically Adjusted PB Ratio Related Terms


Nippon Kayaku Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Kayaku 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.

Nippon Kayaku Co Cyclically Adjusted PB Ratio Chart

Nippon Kayaku 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 1.02 0.96 0.97 0.98 1.15

Nippon Kayaku 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 0.88 0.94 1.11 1.15 0.00

TSE:4272 vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Nippon Kayaku 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.


Nippon Kayaku Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


TSE:4272
84GF Score
Nippon Kayaku Co Ltd TSE:4272
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Kayaku 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.

Nippon Kayaku Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2127.50/1523.12
=1.40

* 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.

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

For example, Nippon Kayaku Co'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)
=1878.851/112.7000*112.7000
=1,878.851

Current CPI (Mar. 2026) = 112.7000.

Nippon Kayaku Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,036.693 98.100 1,190.982
201609 1,043.252 98.000 1,199.740
201612 1,092.083 98.400 1,250.790
201703 1,120.717 98.100 1,287.511
201706 1,146.566 98.500 1,311.858
201709 1,182.147 98.800 1,348.461
201712 1,204.722 99.400 1,365.917
201803 1,203.216 99.200 1,366.960
201806 1,213.629 99.200 1,378.790
201809 1,239.076 99.900 1,397.836
201812 1,223.453 99.700 1,382.980
201903 1,247.740 99.700 1,410.434
201906 1,234.131 99.800 1,393.653
201909 1,280.847 100.100 1,442.072
201912 1,264.228 100.500 1,417.696
202003 1,225.705 100.300 1,377.238
202006 1,236.056 99.900 1,394.430
202009 1,257.720 99.900 1,418.869
202012 1,279.143 99.300 1,451.756
202103 1,332.051 99.900 1,502.724
202106 1,353.060 99.500 1,532.561
202109 1,382.753 100.100 1,556.806
202112 1,409.659 100.100 1,587.099
202203 1,459.048 101.100 1,626.456
202206 1,495.043 101.800 1,655.121
202209 1,534.687 103.100 1,677.587
202212 1,520.385 104.100 1,645.988
202303 1,532.331 104.400 1,654.154
202306 1,583.829 105.200 1,696.745
202309 1,607.145 106.200 1,705.511
202312 1,561.079 106.800 1,647.318
202403 1,625.177 107.200 1,708.558
202406 1,659.889 108.200 1,728.923
202409 1,609.265 108.900 1,665.419
202412 1,670.497 110.700 1,700.678
202503 1,673.230 111.100 1,697.327
202506 1,677.649 111.700 1,692.668
202509 1,752.054 112.000 1,763.004
202512 1,818.219 113.000 1,813.392
202603 1,878.851 112.700 1,878.851

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 1.40 mean?
Nippon Kayaku Co (TSE:4272) has a Cyclically Adjusted PB Ratio of 1.40 as of Aug. 13, 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 Nippon Kayaku Co and its competitors. This is 37% above median its historical median of 1.02. Over the past decade, Nippon Kayaku Co's Cyclically Adjusted PB Ratio has ranged from 0.79 to 2.12. According to the industry distribution chart, Nippon Kayaku Co ranks #508 out of 1218 companies in the Chemicals industry, placing it in the top 41.7%.
Is Nippon Kayaku Co's Cyclically Adjusted PB Ratio too high?
Nippon Kayaku Co's current Cyclically Adjusted PB Ratio of 1.40 is 37% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 2.12. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.65. Nippon Kayaku Co's value of 1.40 is 15.2% below this industry median. Based on the distribution chart, Nippon Kayaku Co ranks #508 out of 1218 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nippon Kayaku Co has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Kayaku Co's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Nippon Kayaku Co ranks #508 out of 1218 companies for Cyclically Adjusted PB Ratio. This puts Nippon Kayaku Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.65. Nippon Kayaku Co's value of 1.40 is 15.2% below this benchmark. Historically, Nippon Kayaku Co's own Cyclically Adjusted PB Ratio has ranged from 0.79 to 2.12 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 1.65, Nippon Kayaku 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 1.65, based on 1,218 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. Nippon Kayaku Co's current Cyclically Adjusted PB Ratio of 1.40 is 15.2% 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 Nippon Kayaku Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Kayaku Co's current Cyclically Adjusted PB Ratio is 1.40, which is 37% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Kayaku Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Kayaku Co (TSE:4272) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,710.99, compared to a current price of 円2,127.50 — trading 24.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.40, which is 37% above median its 10-year median of 1.02 and 15.2% below the Chemicals industry median of 1.65. Nippon Kayaku Co's overall GF Score™ is 84/100 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 Nippon Kayaku Co (TSE:4272), the current Cyclically Adjusted PB Ratio is 1.40 as of Aug. 13, 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 Nippon Kayaku Co (TSE:4272) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Kayaku Co stock appears to be overvalued. The current stock price of 円2,127.50 is trading 24.3% above its estimated GF Value™ of 円1,710.99. GuruFocus considers Nippon Kayaku Co to be Modestly Overvalued.

Key valuation signals for TSE:4272:

  • Cyclically Adjusted PB Ratio: 1.40 (37% above median its 10-year median of 1.02)
  • GF Value™: 円1,710.99 vs. price of 円2,127.50 (24.3% above fair value)
  • GF Score™: 84/100 with 7 warning signs
  • Industry Position: 15.2% below the Chemicals median (#508 of 1218)

No single metric tells the full story. See the TSE:4272 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Kayaku Co Business Description

Other Exchanges NPKYY:USANP7:Germany
Address 1-1, Marunouchi 2-chome, Chiyoda-ku, Meiji Yasuda Seimei Building 19th and 20th Floors, Tokyo, JPN, 100-0005
Nippon Kayaku Co Ltd manufactures and sells a variety of chemicals. The firm organizes itself into four segments based on product type. The functional chemicals segment, which generates more revenue than any other segment, sells epoxy resins used as flame retardants in electronics, colorants and dyes used in inkjet printers and the manufacture of textiles. The pharmaceuticals segment sells anti-cancer drugs, biological drugs, cardiovascular agents, vitamin compounds, and anti-inflammatory agents. The safety systems segment sells airbag inflators and micro gas generators for seatbelt pretensioners to the automotive industry, both of which are used to protect passengers during an accident. The agrochemicals segment sells insecticides and herbicides. The majority of revenue comes from Asia.
84GF Score

Get the complete analysis for TSE:4272

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

円2,127.50
Price
円1,710.99
GF Value