Tri Chemical Laboratories (TSE:4369) Cyclically Adjusted PB Ratio: 5.70 (As of Aug. 12, 2026) — 45% Below Median

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TSE:4369 Tri Chemical Laboratories Inc TSE:4369
81 GF Score
Price 円3,335.00
GF Value 円5,117.47
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Tri Chemical Laboratories Cyclically Adjusted PB Ratio?

Tri Chemical Laboratories TSE:4369 -1.19% 81 Cyclically Adjusted PB Ratio is 5.70 as of Aug. 12, 2026, which is 45% below its 10-year median of 10.39. GuruFocus rates TSE:4369 with a GF Score™ of 81/100 and a GF Value™ of 円5,117.47 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,227 Chemicals companies, Tri Chemical Laboratories ranks worse than 87.04% on this metric.

As of today (2026-08-12), Tri Chemical Laboratories's current share price is 円3335.00. Tri Chemical Laboratories's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was 円585.11. Tri Chemical Laboratories's Cyclically Adjusted PB Ratio for today is 5.70.

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

TSE:4369' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.72   Med: 10.39   Max: 29.55
Current: 5.77

During the past years, Tri Chemical Laboratories's highest Cyclically Adjusted PB Ratio was 29.55. The lowest was 4.72. And the median was 10.39.

TSE:4369's Cyclically Adjusted PB Ratio is ranked worse than
87.04% of 1227 companies
in the Chemicals industry
Industry Median: 1.67 vs TSE:4369: 5.77

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.

Tri Chemical Laboratories's adjusted book value per share data for the three months ended in Apr. 2026 was 円1,131.229. 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585.11 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tri Chemical Laboratories  (TSE:4369) 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.


Tri Chemical Laboratories Cyclically Adjusted PB Ratio Related Terms


Tri Chemical Laboratories Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tri Chemical Laboratories'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.

Tri Chemical Laboratories Cyclically Adjusted PB Ratio Chart

Tri Chemical Laboratories Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.69 8.20 10.15 7.09 5.90

Tri Chemical Laboratories Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 5.27 6.82 5.60 5.90 5.47

TSE:4369 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Tri Chemical Laboratories'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.


Tri Chemical Laboratories Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tri Chemical Laboratories's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tri Chemical Laboratories's Cyclically Adjusted PB Ratio falls into.


TSE:4369
81GF Score
Tri Chemical Laboratories Inc TSE:4369
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tri Chemical Laboratories 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.

Tri Chemical Laboratories's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3335.00/585.11
=5.70

* 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.

Tri Chemical Laboratories's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Tri Chemical Laboratories's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=1131.229/113.0000*113.0000
=1,131.229

Current CPI (Apr. 2026) = 113.0000.

Tri Chemical Laboratories Quarterly Data

Book Value per Share CPI Adj_Book
201607 118.594 97.900 136.886
201610 122.127 98.600 139.963
201701 130.281 98.200 149.916
201704 134.456 98.500 154.249
201707 143.260 98.300 164.683
201710 152.762 98.800 174.718
201801 162.861 99.500 184.958
201804 165.890 99.100 189.158
201807 180.315 99.200 205.399
201810 204.342 100.200 230.446
201901 224.832 99.700 254.825
201904 236.710 100.000 267.482
201907 254.766 99.800 288.463
201910 274.466 100.400 308.911
202001 306.632 100.500 344.770
202004 314.326 100.200 354.479
202007 345.195 100.000 390.070
202010 374.523 99.800 424.059
202101 403.257 99.800 456.594
202104 557.857 99.100 636.103
202107 586.934 99.700 665.231
202110 622.777 99.900 704.442
202201 656.053 100.300 739.123
202204 685.125 101.500 762.750
202207 731.663 102.300 808.191
202210 780.040 103.700 849.995
202301 796.235 104.700 859.356
202304 794.385 105.100 854.096
202307 814.400 105.700 870.645
202310 828.901 107.100 874.564
202401 848.399 106.900 896.811
202404 846.183 107.700 887.824
202407 885.401 108.600 921.274
202410 916.932 109.500 946.240
202501 972.018 111.200 987.752
202504 963.704 111.500 976.669
202507 1,024.414 111.900 1,034.484
202510 1,062.237 112.800 1,064.120
202601 1,112.397 112.900 1,113.382
202604 1,131.229 113.000 1,131.229

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 5.70 mean?
Tri Chemical Laboratories (TSE:4369) has a Cyclically Adjusted PB Ratio of 5.70 as of Aug. 12, 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 Tri Chemical Laboratories and its competitors. This is 45% below median its historical median of 10.39. Over the past decade, Tri Chemical Laboratories' Cyclically Adjusted PB Ratio has ranged from 4.72 to 29.55. According to the industry distribution chart, Tri Chemical Laboratories ranks #1068 out of 1227 companies in the Chemicals industry, placing it in the top 87%.
Is Tri Chemical Laboratories' Cyclically Adjusted PB Ratio too high?
Tri Chemical Laboratories' current Cyclically Adjusted PB Ratio of 5.70 is 45% below median its 10-year median of 10.39. Over the past 10 years, this metric has ranged from a low of 4.72 to a high of 29.55. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Tri Chemical Laboratories' value of 5.70 is 241.3% above this industry median. Based on the distribution chart, Tri Chemical Laboratories ranks #1068 out of 1227 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Tri Chemical Laboratories has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tri Chemical Laboratories' Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tri Chemical Laboratories ranks #1068 out of 1227 companies for Cyclically Adjusted PB Ratio. This places Tri Chemical Laboratories in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Tri Chemical Laboratories' value of 5.70 is 241.3% above this benchmark. Historically, Tri Chemical Laboratories' own Cyclically Adjusted PB Ratio has ranged from 4.72 to 29.55 over the past decade. While the company's 10-year median is 10.39 vs. the industry median of 1.67, Tri Chemical Laboratories has consistently been above 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 1,227 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. Tri Chemical Laboratories's current Cyclically Adjusted PB Ratio of 5.70 is 241.3% above 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 Tri Chemical Laboratories 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. Tri Chemical Laboratories's current Cyclically Adjusted PB Ratio is 5.70, which is 45% below median its own 10-year median of 10.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tri Chemical Laboratories stock overvalued right now?
Based on GuruFocus' analysis, Tri Chemical Laboratories (TSE:4369) is currently considered Significantly Undervalued. The stock's GF Value™ is 円5,117.47, compared to a current price of 円3,335.00 — trading 34.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.70, which is 45% below median its 10-year median of 10.39 and 241.3% above the Chemicals industry median of 1.67. Tri Chemical Laboratories' overall GF Score™ is 81/100 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 Tri Chemical Laboratories (TSE:4369), the current Cyclically Adjusted PB Ratio is 5.70 as of Aug. 12, 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 Tri Chemical Laboratories (TSE:4369) Overvalued in 2026?

Based on GuruFocus' analysis, Tri Chemical Laboratories stock appears to be undervalued. The current stock price of 円3,335.00 is trading 34.8% below its estimated GF Value™ of 円5,117.47. GuruFocus considers Tri Chemical Laboratories to be Significantly Undervalued.

Key valuation signals for TSE:4369:

  • Cyclically Adjusted PB Ratio: 5.70 (45% below median its 10-year median of 10.39)
  • GF Value™: 円5,117.47 vs. price of 円3,335.00 (34.8% below fair value)
  • GF Score™: 81/100 with 2 warning signs
  • Industry Position: 241.3% above the Chemicals median (#1068 of 1227)

No single metric tells the full story. See the TSE:4369 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tri Chemical Laboratories Business Description

Other Exchanges 22E:Germany
Address 8154-217 Uenohara, Uenohara-shi, Yamanashi, JPN, 409-0112
Tri Chemical Laboratories Inc is engaged in the manufacturing of high-purity chemical compounds for the semiconductor industry.
81GF Score

Get the complete analysis for TSE:4369

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

円3,335.00
Price
円5,117.47
GF Value