Kyorin Pharmaceutical Co (TSE:4569) Cyclically Adjusted PB Ratio: 0.45 (As of Aug. 04, 2026) — 49% Below Median

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:4569 Kyorin Pharmaceutical Co Ltd TSE:4569
74 GF Score
Price 円1,084.00
GF Value 円1,581.58
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Kyorin Pharmaceutical Co Cyclically Adjusted PB Ratio?

Kyorin Pharmaceutical Co TSE:4569 -2.69% 74 Cyclically Adjusted PB Ratio is 0.45 as of Aug. 04, 2026, which is 49% below its 10-year median of 0.88. GuruFocus rates TSE:4569 with a GF Score™ of 74/100 and a GF Value™ of 円1,581.58 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 741 Drug Manufacturers companies, Kyorin Pharmaceutical Co ranks better than 86.91% on this metric.

As of today (2026-08-04), Kyorin Pharmaceutical Co's current share price is 円1084.00. Kyorin Pharmaceutical Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,427.06. Kyorin Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is 0.45.

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

TSE:4569' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.88   Max: 1.47
Current: 0.48

During the past years, Kyorin Pharmaceutical Co's highest Cyclically Adjusted PB Ratio was 1.47. The lowest was 0.45. And the median was 0.88.

TSE:4569's Cyclically Adjusted PB Ratio is ranked better than
86.91% of 741 companies
in the Drug Manufacturers industry
Industry Median: 1.79 vs TSE:4569: 0.48

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.

Kyorin Pharmaceutical Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,479.285. 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2,427.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kyorin Pharmaceutical Co  (TSE:4569) 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.


Kyorin Pharmaceutical Co Cyclically Adjusted PB Ratio Related Terms


Kyorin Pharmaceutical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kyorin Pharmaceutical 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.

Kyorin Pharmaceutical Co Cyclically Adjusted PB Ratio Chart

Kyorin Pharmaceutical Co 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 0.85 0.77 0.79 0.63 0.68

Kyorin Pharmaceutical Co 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 0.63 0.63 0.61 0.63 0.68

TSE:4569 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Kyorin Pharmaceutical 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.


Kyorin Pharmaceutical Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


TSE:4569
74GF Score
Kyorin Pharmaceutical Co Ltd TSE:4569
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kyorin Pharmaceutical 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.

Kyorin Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1084.00/2427.06
=0.45

* 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.

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

For example, Kyorin Pharmaceutical Co'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)
=2479.285/112.7000*112.7000
=2,479.285

Current CPI (Mar. 2026) = 112.7000.

Kyorin Pharmaceutical Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 2,120.814 98.100 2,436.450
201609 2,086.447 98.000 2,399.414
201612 2,103.834 98.400 2,409.574
201703 2,146.786 98.100 2,466.287
201706 2,155.763 98.500 2,466.543
201709 2,142.216 98.800 2,443.601
201712 2,205.177 99.400 2,500.236
201803 2,214.063 99.200 2,515.372
201806 2,180.072 99.200 2,476.755
201809 2,831.049 99.900 3,193.786
201812 2,085.043 99.700 2,356.914
201903 2,154.017 99.700 2,434.882
201906 2,102.137 99.800 2,373.856
201909 2,086.286 100.100 2,348.895
201912 2,143.595 100.500 2,403.813
202003 2,142.022 100.300 2,406.838
202006 2,146.473 99.900 2,421.497
202009 2,154.066 99.900 2,430.062
202012 2,137.501 99.300 2,425.945
202103 2,175.453 99.900 2,454.190
202106 2,112.961 99.500 2,393.273
202109 2,127.742 100.100 2,395.570
202112 2,143.902 100.100 2,413.764
202203 2,172.821 101.100 2,422.126
202206 2,181.652 101.800 2,415.247
202209 2,176.800 103.100 2,379.489
202212 2,212.628 104.100 2,395.420
202303 2,189.376 104.400 2,363.436
202306 2,177.021 105.200 2,332.227
202309 2,202.743 106.200 2,337.562
202312 2,203.259 106.800 2,324.975
202403 2,275.636 107.200 2,392.390
202406 0.000 108.200 0.000
202409 2,263.329 108.900 2,342.307
202412 2,264.130 110.700 2,305.036
202503 2,372.261 111.100 2,406.425
202506 2,369.963 111.700 2,391.180
202509 2,374.991 112.000 2,389.835
202512 2,417.383 113.000 2,410.965
202603 2,479.285 112.700 2,479.285

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 0.45 mean?
Kyorin Pharmaceutical Co (TSE:4569) has a Cyclically Adjusted PB Ratio of 0.45 as of Aug. 04, 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 Kyorin Pharmaceutical Co and its competitors. This is 49% below median its historical median of 0.88. Over the past decade, Kyorin Pharmaceutical Co's Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.47. According to the industry distribution chart, Kyorin Pharmaceutical Co ranks #97 out of 741 companies in the Drug Manufacturers industry, placing it in the top 13.1%.
Is Kyorin Pharmaceutical Co's Cyclically Adjusted PB Ratio too high?
Kyorin Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 0.45 is 49% below median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.47. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.79. Kyorin Pharmaceutical Co's value of 0.45 is 74.9% below this industry median. Based on the distribution chart, Kyorin Pharmaceutical Co ranks #97 out of 741 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Kyorin Pharmaceutical Co has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kyorin Pharmaceutical Co's Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Kyorin Pharmaceutical Co ranks #97 out of 741 companies for Cyclically Adjusted PB Ratio. This places Kyorin Pharmaceutical Co in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.79. Kyorin Pharmaceutical Co's value of 0.45 is 74.9% below this benchmark. Historically, Kyorin Pharmaceutical Co's own Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.47 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 1.79, Kyorin Pharmaceutical 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.79, based on 741 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. Kyorin Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 0.45 is 74.9% 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 Kyorin Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kyorin Pharmaceutical Co's current Cyclically Adjusted PB Ratio is 0.45, which is 49% below median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyorin Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Kyorin Pharmaceutical Co (TSE:4569) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,581.58, compared to a current price of 円1,084.00 — trading 31.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.45, which is 49% below median its 10-year median of 0.88 and 74.9% below the Drug Manufacturers industry median of 1.79. Kyorin Pharmaceutical Co's overall GF Score™ is 74/100 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 Kyorin Pharmaceutical Co (TSE:4569), the current Cyclically Adjusted PB Ratio is 0.45 as of Aug. 04, 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 Kyorin Pharmaceutical Co (TSE:4569) Overvalued in 2026?

Based on GuruFocus' analysis, Kyorin Pharmaceutical Co stock appears to be undervalued. The current stock price of 円1,084.00 is trading 31.5% below its estimated GF Value™ of 円1,581.58. GuruFocus considers Kyorin Pharmaceutical Co to be Significantly Undervalued.

Key valuation signals for TSE:4569:

  • Cyclically Adjusted PB Ratio: 0.45 (49% below median its 10-year median of 0.88)
  • GF Value™: 円1,581.58 vs. price of 円1,084.00 (31.5% below fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 74.9% below the Drug Manufacturers median (#97 of 741)

No single metric tells the full story. See the TSE:4569 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kyorin Pharmaceutical Co Business Description

Address 6, Kanda Surugadai 4-chome, Chiyoda-ku, Tokyo, JPN, 101-8311
Kyorin Pharmaceutical Co Ltd is engaged in manufacturing and sale of pharmaceutical products. The company manages its business in two reportable segments namely Pharmaceutical Business and the Consumer Healthcare (Skincare) Business. The Pharmaceutical business focuses on producing and selling ethical drugs, generic drugs and over-the-counter drugs. The Consumer Healthcare (Skincare) Business mainly sells and purchases skincare products. The company's products include Kipres, for treating bronchial asthma and allergic rhinitis; Mucodyne, a mucoregulant; Pentasa, for treating ulcerative colitis and Crohn's disease; and Uritos, for treating overactive bladder. Majority of the company's revenue comes from domestic sales.
74GF Score

Get the complete analysis for TSE:4569

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

円1,084.00
Price
円1,581.58
GF Value