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Toho Chemical Industry CoTSE:4409 -0.67%54 Cyclically Adjusted PB Ratio is 0.90 as of Aug. 08, 2026, which is 3% below its 10-year median of 0.93. GuruFocus rates TSE:4409 with a GF Score™ of 54/100 and a GF Value™ of 円626.09 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,236 Chemicals companies, Toho Chemical Industry Co ranks better than 73.06% on this metric.
The historical rank and industry rank for Toho Chemical Industry Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:4409'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 0.93 Max: 1.89
Current: 0.9
During the past years, Toho Chemical Industry Co's highest Cyclically Adjusted PB Ratio was 1.89. The lowest was 0.68. And the median was 0.93.
TSE:4409's Cyclically Adjusted PB Ratio is ranked better than 73.06% of 1236
companies
in the Chemicals industry
Industry Median: 1.61
vs TSE:4409: 0.90
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.
Toho Chemical Industry Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,142.762. 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825.57 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Toho Chemical Industry Co (TSE:4409) 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.
Toho Chemical Industry Co Cyclically Adjusted PB Ratio Related Terms
Toho Chemical Industry Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Toho Chemical Industry 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.
Toho Chemical Industry Co Cyclically Adjusted PB Ratio Chart
TSE:4409 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison
For the Specialty Chemicals subindustry, Toho Chemical Industry 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.
Toho Chemical Industry Co Cyclically Adjusted PB Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Toho Chemical Industry Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Toho Chemical Industry Co's Cyclically Adjusted PB Ratio falls into.
Toho Chemical Industry 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.
* 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.
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 0.90 mean?
Toho Chemical Industry Co (TSE:4409) has a Cyclically Adjusted PB Ratio of 0.90 as of Aug. 08, 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 Toho Chemical Industry Co and its competitors. This is near median its historical median of 0.93. Over the past decade, Toho Chemical Industry Co's Cyclically Adjusted PB Ratio has ranged from 0.68 to 1.89. According to the industry distribution chart, Toho Chemical Industry Co ranks #333 out of 1236 companies in the Chemicals industry, placing it in the top 26.9%.
Is Toho Chemical Industry Co's Cyclically Adjusted PB Ratio too high?
Toho Chemical Industry Co's current Cyclically Adjusted PB Ratio of 0.90 is near median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.89. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.61. Toho Chemical Industry Co's value of 0.90 is 44.1% below this industry median. Based on the distribution chart, Toho Chemical Industry Co ranks #333 out of 1236 companies in the Chemicals industry, which is above the industry midpoint. Overall, Toho Chemical Industry Co has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Chemical Industry Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Toho Chemical Industry Co ranks #333 out of 1236 companies for Cyclically Adjusted PB Ratio. This puts Toho Chemical Industry Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.61. Toho Chemical Industry Co's value of 0.90 is 44.1% below this benchmark. Historically, Toho Chemical Industry Co's own Cyclically Adjusted PB Ratio has ranged from 0.68 to 1.89 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 1.61, Toho Chemical Industry 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 1.61, based on 1,236 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. Toho Chemical Industry Co's current Cyclically Adjusted PB Ratio of 0.90 is 44.1% 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 Toho Chemical Industry Co 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. Toho Chemical Industry Co's current Cyclically Adjusted PB Ratio is 0.90, which is near median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Chemical Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Toho Chemical Industry Co (TSE:4409) is currently considered Modestly Overvalued. The stock's GF Value™ is 円626.09, compared to a current price of 円740.00 — trading 18.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.90, which is near median its 10-year median of 0.93 and 44.1% below the Chemicals industry median of 1.61. Toho Chemical Industry Co's overall GF Score™ is 54/100 with 6 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 Toho Chemical Industry Co (TSE:4409), the current Cyclically Adjusted PB Ratio is 0.90 as of Aug. 08, 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 Toho Chemical Industry Co (TSE:4409) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Chemical Industry Co stock appears to be overvalued.
The current stock price of 円740.00 is trading 18.2% above its estimated GF Value™ of 円626.09.
GuruFocus considers Toho Chemical Industry Co to be Modestly Overvalued.
Key valuation signals for TSE:4409:
Cyclically Adjusted PB Ratio: 0.90 (near median its 10-year median of 0.93)
GF Value™: 円626.09 vs. price of 円740.00 (18.2% above fair value)
Industry Position: 44.1% below the Chemicals median (#333 of 1236)
No single metric tells the full story. See the TSE:4409 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Chemical Industry Co Ltd is engaged in the chemical business. Its product lines are surfactants, specialty chemicals, resins, and industrial chemicals. Some of its products are chemicals for textiles, detergents, pharmaceutical formulations, and others. The company serves a range of industries from daily consumables to high-tech products industries.
54GF Score
Get the complete analysis for TSE:4409
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