Seikagaku (TSE:4548) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:4548 Seikagaku Corp TSE:4548
69 GF Score
Price 円682.00
GF Value 円759.58
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Seikagaku Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Seikagaku  (TSE:4548) 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.


Seikagaku Cyclically Adjusted PB Ratio Related Terms


Seikagaku Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Seikagaku'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.

Seikagaku Cyclically Adjusted PB Ratio Chart

Seikagaku 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 0.72 0.64 0.59 0.55 0.54

Seikagaku 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 0.45 0.49 0.52 0.53 0.52

TSE:4548 vs ABT, SYK, MDT: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Seikagaku'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.


Seikagaku Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Seikagaku's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:4548
69GF Score
Seikagaku Corp TSE:4548
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seikagaku 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.

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

For example, Seikagaku'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)
=1358.706/113.6000*113.6000
=1,358.706

Current CPI (Jun. 2026) = 113.6000.

Seikagaku Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,211.264 98.000 1,404.077
201612 1,225.981 98.400 1,415.360
201703 1,248.063 98.100 1,445.259
201706 1,246.244 98.500 1,437.293
201709 1,301.878 98.800 1,496.896
201712 1,315.943 99.400 1,503.935
201803 1,306.353 99.200 1,495.985
201806 1,302.032 99.200 1,491.037
201809 1,322.405 99.900 1,503.756
201812 1,291.806 99.700 1,471.907
201903 1,294.875 99.700 1,475.404
201906 1,295.815 99.800 1,474.996
201909 1,087.608 100.100 1,234.288
201912 1,107.851 100.500 1,252.257
202003 1,059.392 100.300 1,199.870
202006 1,063.362 99.900 1,209.188
202009 1,071.829 99.900 1,218.817
202012 1,068.002 99.300 1,221.803
202103 1,127.138 99.900 1,281.710
202106 1,197.704 99.500 1,367.429
202109 1,223.618 100.100 1,388.641
202112 1,207.778 100.100 1,370.665
202203 1,179.456 101.100 1,325.284
202206 1,206.171 101.800 1,345.983
202209 1,264.581 103.100 1,393.370
202212 1,279.165 104.100 1,395.900
202303 1,232.393 104.400 1,340.995
202306 1,275.278 105.200 1,377.106
202309 1,311.279 106.200 1,402.649
202312 1,314.470 106.800 1,398.163
202403 1,324.808 107.200 1,403.901
202406 1,369.694 108.200 1,438.052
202409 1,379.482 108.900 1,439.019
202412 1,354.912 110.700 1,390.407
202503 1,340.970 111.100 1,371.145
202506 1,312.443 111.700 1,334.767
202509 1,323.059 112.000 1,341.960
202512 1,337.183 113.000 1,344.283
202603 1,379.032 112.700 1,390.045
202606 1,358.706 113.600 1,358.706

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 Seikagaku (TSE:4548) Overvalued in 2026?

Based on GuruFocus' analysis, Seikagaku stock appears to be undervalued. The current stock price of 円682.00 is trading 10.2% below its estimated GF Value™ of 円759.58. GuruFocus considers Seikagaku to be Modestly Undervalued.

Key valuation signals for TSE:4548:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円759.58 vs. price of 円682.00 (10.2% below fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the TSE:4548 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Seikagaku Business Description

Other Exchanges SKUNF:USA
Address Marunouchi Center Building 10 Floor, 6-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Seikagaku Corp makes and sells pharmaceuticals and medical devices related to glycoconjugates. The firm operates in two segments: pharmaceutical and LAL. The pharmaceutical segment contributes the majority of revenue. This business sells pharmaceutical products made from hyaluronic acid, a major component of glycoconjugates, as well as medical devices and bulk products. The LAL segment manufactures endotoxin-detecting reagents made from limulus amebocyte lysate that are used to control quality in the pharmaceutical manufacturing process. Seikagaku generates the majority of its sales in Japan.
69GF Score

Get the complete analysis for TSE:4548

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

円682.00
Price
円759.58
GF Value