Adeka (TSE:4401) Cyclically Adjusted PB Ratio: 1.64 (As of Aug. 06, 2026) — 29% Above Median

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TSE:4401 Adeka Corp TSE:4401
88 GF Score
Price 円4,120.00
GF Value 円3,174.69
Valuation Modestly Overvalued
View Full Analysis

What is Adeka Cyclically Adjusted PB Ratio?

Adeka TSE:4401 +0.96% 88 Cyclically Adjusted PB Ratio is 1.64 as of Aug. 06, 2026, which is 29% above its 10-year median of 1.27. GuruFocus rates TSE:4401 with a GF Score™ of 88/100 and a GF Value™ of 円3,174.69 (Modestly Overvalued). Among 1,239 Chemicals companies, Adeka ranks better than 50.36% on this metric.

As of today (2026-08-06), Adeka's current share price is 円4120.00. Adeka's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,507.51. Adeka's Cyclically Adjusted PB Ratio for today is 1.64.

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

TSE:4401' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.27   Max: 1.99
Current: 1.61

During the past years, Adeka's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 0.74. And the median was 1.27.

TSE:4401's Cyclically Adjusted PB Ratio is ranked better than
50.36% of 1239 companies
in the Chemicals industry
Industry Median: 1.61 vs TSE:4401: 1.61

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.

Adeka's adjusted book value per share data for the three months ended in Mar. 2026 was 円3,202.978. 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2,507.51 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adeka  (TSE:4401) 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.


Adeka Cyclically Adjusted PB Ratio Related Terms


Adeka Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Adeka'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.

Adeka Cyclically Adjusted PB Ratio Chart

Adeka 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 1.51 1.15 1.51 1.15 1.44

Adeka Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 1.15 1.16 1.36 1.56 1.44

TSE:4401 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Adeka'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.


Adeka Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


TSE:4401
88GF Score
Adeka Corp TSE:4401
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adeka 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.

Adeka's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4120.00/2507.51
=1.64

* 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.

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

For example, Adeka'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)
=3202.978/112.7000*112.7000
=3,202.978

Current CPI (Mar. 2026) = 112.7000.

Adeka Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,582.799 98.100 1,818.363
201609 1,593.875 98.000 1,832.956
201612 1,668.793 98.400 1,911.311
201703 1,751.184 98.100 2,011.809
201706 1,770.205 98.500 2,025.402
201709 1,819.354 98.800 2,075.316
201712 1,875.077 99.400 2,125.968
201803 1,910.221 99.200 2,170.181
201806 1,914.641 99.200 2,175.202
201809 1,935.510 99.900 2,183.503
201812 1,942.495 99.700 2,195.779
201903 1,986.512 99.700 2,245.536
201906 1,987.163 99.800 2,244.021
201909 1,996.147 100.100 2,247.410
201912 2,022.097 100.500 2,267.565
202003 2,036.978 100.300 2,288.808
202006 2,035.089 99.900 2,295.841
202009 2,072.725 99.900 2,338.299
202012 2,103.813 99.300 2,387.711
202103 2,208.383 99.900 2,491.339
202106 2,244.461 99.500 2,542.219
202109 2,279.974 100.100 2,566.964
202112 2,343.307 100.100 2,638.269
202203 2,426.685 101.100 2,705.118
202206 2,478.827 101.800 2,744.242
202209 2,514.370 103.100 2,748.492
202212 2,505.360 104.100 2,712.335
202303 2,544.280 104.400 2,746.555
202306 2,605.723 105.200 2,791.492
202309 2,673.301 106.200 2,836.921
202312 2,679.689 106.800 2,827.724
202403 2,791.897 107.200 2,935.138
202406 2,847.785 108.200 2,966.223
202409 2,833.830 108.900 2,932.715
202412 2,903.240 110.700 2,955.692
202503 2,916.273 111.100 2,958.272
202506 2,953.910 111.700 2,980.355
202509 3,040.152 112.000 3,059.153
202512 3,125.537 113.000 3,117.239
202603 3,202.978 112.700 3,202.978

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 1.64 mean?
Adeka (TSE:4401) has a Cyclically Adjusted PB Ratio of 1.64 as of Aug. 06, 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 Adeka and its competitors. This is 29% above median its historical median of 1.27. Over the past decade, Adeka's Cyclically Adjusted PB Ratio has ranged from 0.74 to 1.99. According to the industry distribution chart, Adeka ranks #615 out of 1239 companies in the Chemicals industry, placing it in the top 49.6%.
Is Adeka's Cyclically Adjusted PB Ratio too high?
Adeka's current Cyclically Adjusted PB Ratio of 1.64 is 29% above median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.99. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.61. Adeka's value of 1.64 is 1.9% above this industry median. Based on the distribution chart, Adeka ranks #615 out of 1239 companies in the Chemicals industry, which is above the industry midpoint. Overall, Adeka has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adeka's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Adeka ranks #615 out of 1239 companies for Cyclically Adjusted PB Ratio. This puts Adeka in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.61. Adeka's value of 1.64 is 1.9% above this benchmark. Historically, Adeka's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 1.99 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 1.61, Adeka 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 1.61, 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. Adeka's current Cyclically Adjusted PB Ratio of 1.64 is 1.9% 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 Adeka 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. Adeka's current Cyclically Adjusted PB Ratio is 1.64, which is 29% above median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adeka stock overvalued right now?
Based on GuruFocus' analysis, Adeka (TSE:4401) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,174.69, compared to a current price of 円4,120.00 — trading 29.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.64, which is 29% above median its 10-year median of 1.27 and 1.9% above the Chemicals industry median of 1.61. Adeka's overall GF Score™ is 88/100. 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 Adeka (TSE:4401), the current Cyclically Adjusted PB Ratio is 1.64 as of Aug. 06, 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 Adeka (TSE:4401) Overvalued in 2026?

Based on GuruFocus' analysis, Adeka stock appears to be overvalued. The current stock price of 円4,120.00 is trading 29.8% above its estimated GF Value™ of 円3,174.69. GuruFocus considers Adeka to be Modestly Overvalued.

Key valuation signals for TSE:4401:

  • Cyclically Adjusted PB Ratio: 1.64 (29% above median its 10-year median of 1.27)
  • GF Value™: 円3,174.69 vs. price of 円4,120.00 (29.8% above fair value)
  • GF Score™: 88/100
  • Industry Position: 1.9% above the Chemicals median (#615 of 1239)

No single metric tells the full story. See the TSE:4401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adeka Business Description

Address 2-35 Higashi-Ogu 7-chome, Arakawa-ku, Tokyo, JPN, 116-8554
Adeka Corp is a Japanese firm engaged in the chemicals, food, and life sciences businesses. The Chemical Business produces additives for polyolefins, stabilizers, plasticizers, flame retardants, semiconductor materials, photoresists, surfactants, lubricants, and cosmetic raw materials. The Food Business manufactures margarines, shortenings, fats, and oils for chocolate and frying, plant-based foods, whipped cream, and mayonnaise. The Life Sciences Business develops agricultural chemicals, pharmaceuticals, veterinary medicines, and functional food ingredients. It generates the majority of its revenue from the Chemical Business segment.
88GF Score

Get the complete analysis for TSE:4401

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

円4,120.00
Price
円3,174.69
GF Value