Shionogi (TSE:4507) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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:4507 Shionogi & Co Ltd TSE:4507
83 GF Score
Price 円2,954.50
GF Value 円3,349.19
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Shionogi Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shionogi  (TSE:4507) 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.


Shionogi Cyclically Adjusted PB Ratio Related Terms


Shionogi Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shionogi'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.

Shionogi Cyclically Adjusted PB Ratio Chart

Shionogi 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 3.58 2.48 2.81 2.12 2.86

Shionogi 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 2.53 2.45 2.59 3.07 2.37

TSE:4507 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Shionogi'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.


Shionogi Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Shionogi's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:4507
83GF Score
Shionogi & Co Ltd TSE:4507
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shionogi 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.

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

For example, Shionogi'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)
=2083.213/113.6000*113.6000
=2,083.213

Current CPI (Jun. 2026) = 113.6000.

Shionogi Quarterly Data

Book Value per Share CPI Adj_Book
201609 522.666 98.000 605.866
201612 540.225 98.400 623.674
201703 550.219 98.100 637.155
201706 559.879 98.500 645.708
201709 601.771 98.800 691.915
201712 622.034 99.400 710.896
201803 641.353 99.200 734.453
201806 665.341 99.200 761.923
201809 688.905 99.900 783.379
201812 679.053 99.700 773.725
201903 720.051 99.700 820.439
201906 719.437 99.800 818.918
201909 740.876 100.100 840.794
201912 749.355 100.500 847.032
202003 839.634 100.300 950.971
202006 843.018 99.900 958.627
202009 898.775 99.900 1,022.030
202012 924.428 99.300 1,057.553
202103 955.946 99.900 1,087.042
202106 975.125 99.500 1,113.309
202109 993.855 100.100 1,127.891
202112 1,008.688 100.100 1,144.725
202203 1,098.221 101.100 1,234.005
202206 1,146.019 101.800 1,278.858
202209 1,143.509 103.100 1,259.967
202212 1,221.544 104.100 1,333.020
202303 1,270.647 104.400 1,382.620
202306 1,350.272 105.200 1,458.088
202309 1,409.205 106.200 1,507.398
202312 1,408.751 106.800 1,498.447
202403 1,472.778 107.200 1,560.705
202406 1,517.892 108.200 1,593.646
202409 1,540.866 108.900 1,607.368
202412 1,601.774 110.700 1,643.736
202503 1,601.641 111.100 1,637.682
202506 1,620.250 111.700 1,647.810
202509 1,692.592 112.000 1,716.772
202512 1,779.583 113.000 1,789.032
202603 1,981.496 112.700 1,997.320
202606 2,083.213 113.600 2,083.213

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.

Is Shionogi (TSE:4507) Overvalued in 2026?

Based on GuruFocus' analysis, Shionogi stock appears to be undervalued. The current stock price of 円2,954.50 is trading 11.8% below its estimated GF Value™ of 円3,349.19. GuruFocus considers Shionogi to be Modestly Undervalued.

Key valuation signals for TSE:4507:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円3,349.19 vs. price of 円2,954.50 (11.8% below fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the TSE:4507 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shionogi Business Description

Address 3-1-8 Doshomachi, Chuo-ku, Osaka, JPN, 541-0045
Shionogi & Co Ltd is a specialty and generic drug manufacturing company. The company focuses on the manufacturing and distribution of pharmaceuticals, diagnostic reagents, and medical devices. The company engages in manufacturing, formulation, packaging, and analysis as part of its commercialization research that spans late-stage drug discovery through commercial production. It provides products and services in Japan, Europe, North America, and other regions.
83GF Score

Get the complete analysis for TSE:4507

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

円2,954.50
Price
円3,349.19
GF Value