Shinto Paint Co (TSE:4615) Cyclically Adjusted PB Ratio: 0.24 (As of Sep. 15, 2026) — 17% 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:4615 Shinto Paint Co Ltd TSE:4615
55 GF Score
Price 円131.00
GF Value 円130.48
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Shinto Paint Co Cyclically Adjusted PB Ratio?

Shinto Paint Co TSE:4615 +0.77% 55 Cyclically Adjusted PB Ratio is 0.24 as of Sep. 15, 2026, which is 17% below its 10-year median of 0.29. GuruFocus rates TSE:4615 with a GF Score™ of 55/100 and a GF Value™ of 円130.48 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,099 Chemicals companies, Shinto Paint Co ranks better than 96.09% on this metric.

As of today (2026-09-15), Shinto Paint Co's current share price is 円131.00. Shinto Paint Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円544.36. Shinto Paint Co's Cyclically Adjusted PB Ratio for today is 0.24.

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

TSE:4615' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.29   Max: 0.53
Current: 0.24

During the past years, Shinto Paint Co's highest Cyclically Adjusted PB Ratio was 0.53. The lowest was 0.22. And the median was 0.29.

TSE:4615's Cyclically Adjusted PB Ratio is ranked better than
96.09% of 1099 companies
in the Chemicals industry
Industry Median: 1.67 vs TSE:4615: 0.24

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.

Shinto Paint Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円384.787. 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544.36 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shinto Paint Co  (TSE:4615) 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.


Shinto Paint Co Cyclically Adjusted PB Ratio Related Terms


Shinto Paint Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shinto Paint 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.

Shinto Paint Co Cyclically Adjusted PB Ratio Chart

Shinto Paint 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 0.30 0.24 0.24 0.23 0.23

Shinto Paint Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.23 0.24 0.23 0.22 0.23

TSE:4615 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Shinto Paint 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.


Shinto Paint Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


TSE:4615
55GF Score
Shinto Paint Co Ltd TSE:4615
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinto Paint 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.

Shinto Paint Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=131.00/544.36
=0.24

* 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.

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

For example, Shinto Paint 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)
=384.787/112.7000*112.7000
=384.787

Current CPI (Mar. 2026) = 112.7000.

Shinto Paint Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 510.136 97.900 587.256
201606 504.358 98.100 579.420
201609 505.617 98.000 581.460
201612 510.458 98.400 584.640
201703 528.827 98.100 607.531
201706 526.632 98.500 602.553
201709 533.120 98.800 608.124
201712 541.739 99.400 614.225
201803 547.148 99.200 621.609
201806 540.724 99.200 614.310
201809 519.192 99.900 585.715
201812 526.423 99.700 595.064
201903 527.617 99.700 596.414
201906 528.037 99.800 596.290
201909 530.716 100.100 597.519
201912 535.171 100.500 600.137
202003 539.788 100.300 606.522
202006 525.035 99.900 592.307
202009 528.166 99.900 595.839
202012 557.284 99.300 632.486
202103 557.188 99.900 628.579
202106 555.444 99.500 629.131
202109 552.216 100.100 621.726
202112 548.019 100.100 617.000
202203 493.979 101.100 550.657
202206 483.972 101.800 535.792
202209 469.703 103.100 513.439
202212 454.466 104.100 492.011
202303 435.743 104.400 470.385
202306 435.097 105.200 466.116
202309 429.448 106.200 455.732
202312 431.191 106.800 455.011
202403 428.479 107.200 450.463
202406 433.644 108.200 451.679
202409 435.872 108.900 451.081
202503 399.565 111.100 405.319
202506 398.008 111.700 401.571
202509 396.892 112.000 399.373
202512 396.098 113.000 395.046
202603 384.787 112.700 384.787

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 0.24 mean?
Shinto Paint Co (TSE:4615) has a Cyclically Adjusted PB Ratio of 0.24 as of Sep. 15, 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 Shinto Paint Co and its competitors. This is 17% below median its historical median of 0.29. Over the past decade, Shinto Paint Co's Cyclically Adjusted PB Ratio has ranged from 0.22 to 0.53. According to the industry distribution chart, Shinto Paint Co ranks #43 out of 1099 companies in the Chemicals industry, placing it in the top 3.9%.
Is Shinto Paint Co's Cyclically Adjusted PB Ratio too high?
Shinto Paint Co's current Cyclically Adjusted PB Ratio of 0.24 is 17% below median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.53. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Shinto Paint Co's value of 0.24 is 85.6% below this industry median. Based on the distribution chart, Shinto Paint Co ranks #43 out of 1099 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Shinto Paint Co has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shinto Paint Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shinto Paint Co ranks #43 out of 1099 companies for Cyclically Adjusted PB Ratio. This places Shinto Paint Co in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.67. Shinto Paint Co's value of 0.24 is 85.6% below this benchmark. Historically, Shinto Paint Co's own Cyclically Adjusted PB Ratio has ranged from 0.22 to 0.53 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.67, Shinto Paint 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 1.67, based on 1,099 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. Shinto Paint Co's current Cyclically Adjusted PB Ratio of 0.24 is 85.6% 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 Shinto Paint Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinto Paint Co's current Cyclically Adjusted PB Ratio is 0.24, which is 17% below median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinto Paint Co stock overvalued right now?
Based on GuruFocus' analysis, Shinto Paint Co (TSE:4615) is currently considered Fairly Valued. The stock's GF Value™ is 円130.48, compared to a current price of 円131.00 — trading 0.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.24, which is 17% below median its 10-year median of 0.29 and 85.6% below the Chemicals industry median of 1.67. Shinto Paint Co's overall GF Score™ is 55/100 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 Shinto Paint Co (TSE:4615), the current Cyclically Adjusted PB Ratio is 0.24 as of Sep. 15, 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 Shinto Paint Co (TSE:4615) Overvalued in 2026?

Based on GuruFocus' analysis, Shinto Paint Co stock appears to be overvalued. The current stock price of 円131.00 is trading 0.4% above its estimated GF Value™ of 円130.48. GuruFocus considers Shinto Paint Co to be Fairly Valued.

Key valuation signals for TSE:4615:

  • Cyclically Adjusted PB Ratio: 0.24 (17% below median its 10-year median of 0.29)
  • GF Value™: 円130.48 vs. price of 円131.00 (0.4% above fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 85.6% below the Chemicals median (#43 of 1099)

No single metric tells the full story. See the TSE:4615 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinto Paint Co Business Description

Address 6-10-73 Minamitsukaguchi-cho, Amagasaki-shi, Hyogo, Amagasaki, JPN, 661-8511
Shinto Paint Co Ltd is engaged in manufacturing, processing and selling paints, pigments, synthetic fats/oils, fats/oils, and chemicals in Japan and internationally. It also provides electronic equipment, optical communication equipment, magnetic equipment, parts, components, and their materials; painting facilities, related machinery equipment, tools, devices, and materials; and civil engineering and construction materials, as well as housing materials.
55GF Score

Get the complete analysis for TSE:4615

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

円131.00
Price
円130.48
GF Value