Nippon Shikizai (TSE:4920) Cyclically Adjusted PB Ratio: 0.65 (As of Aug. 12, 2026) — 29% Below Median

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TSE:4920 Nippon Shikizai Inc TSE:4920
63 GF Score
Price 円1,120.00
GF Value 円1,678.24
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Nippon Shikizai Cyclically Adjusted PB Ratio?

Nippon Shikizai TSE:4920 63 Cyclically Adjusted PB Ratio is 0.65 as of Aug. 12, 2026, which is 29% below its 10-year median of 0.92. GuruFocus rates TSE:4920 with a GF Score™ of 63/100 and a GF Value™ of 円1,678.24 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,403 Consumer Packaged Goods companies, Nippon Shikizai ranks better than 75.98% on this metric.

As of today (2026-08-12), Nippon Shikizai's current share price is 円1120.00. Nippon Shikizai's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円1,735.79. Nippon Shikizai's Cyclically Adjusted PB Ratio for today is 0.65.

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

TSE:4920' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.92   Max: 3.15
Current: 0.65

During the past years, Nippon Shikizai's highest Cyclically Adjusted PB Ratio was 3.15. The lowest was 0.57. And the median was 0.92.

TSE:4920's Cyclically Adjusted PB Ratio is ranked better than
75.98% of 1403 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs TSE:4920: 0.65

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.

Nippon Shikizai's adjusted book value per share data for the three months ended in Feb. 2026 was 円2,086.545. 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1,735.79 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Shikizai  (TSE:4920) 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.


Nippon Shikizai Cyclically Adjusted PB Ratio Related Terms


Nippon Shikizai Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Shikizai'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.

Nippon Shikizai Cyclically Adjusted PB Ratio Chart

Nippon Shikizai Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.93 1.09 0.71 0.68

Nippon Shikizai Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.60 0.63 0.64 0.68 0.00

TSE:4920 vs PG, CL, KVUE: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, Nippon Shikizai'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.


Nippon Shikizai Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nippon Shikizai's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:4920
63GF Score
Nippon Shikizai Inc TSE:4920
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Shikizai 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.

Nippon Shikizai's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1120.00/1735.79
=0.65

* 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.

Nippon Shikizai's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, Nippon Shikizai's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=2086.545/112.2000*112.2000
=2,086.545

Current CPI (Feb. 2026) = 112.2000.

Nippon Shikizai Quarterly Data

Book Value per Share CPI Adj_Book
201602 1,058.452 97.800 1,214.298
201605 1,255.767 98.200 1,434.797
201608 1,162.967 97.900 1,332.839
201611 1,196.570 98.600 1,361.614
201702 1,281.305 98.100 1,465.468
201705 1,352.771 98.600 1,539.360
201708 1,456.383 98.500 1,658.946
201711 1,503.902 99.100 1,702.702
201802 1,571.820 99.500 1,772.444
201805 1,597.772 99.300 1,805.338
201808 1,651.341 99.800 1,856.518
201811 1,755.628 100.000 1,969.815
201902 1,794.550 99.700 2,019.544
201905 1,815.956 100.000 2,037.503
201908 1,860.915 100.000 2,087.947
201911 1,879.348 100.500 2,098.138
202002 1,872.927 100.300 2,095.139
202005 1,805.768 100.100 2,024.048
202008 1,782.073 100.100 1,997.488
202011 1,748.402 99.500 1,971.565
202102 1,474.571 99.800 1,657.784
202105 1,408.468 99.400 1,589.840
202108 1,432.843 99.700 1,612.487
202111 1,403.374 100.100 1,573.013
202202 1,407.635 100.700 1,568.388
202205 1,284.514 101.800 1,415.741
202208 1,374.096 102.700 1,501.203
202211 1,370.017 103.900 1,479.460
202302 1,436.764 104.000 1,550.047
202305 1,522.404 105.100 1,625.250
202308 1,621.724 105.900 1,718.200
202311 1,622.748 106.900 1,703.202
202402 1,682.695 106.900 1,766.121
202405 1,772.918 108.100 1,840.161
202408 1,886.362 109.100 1,939.962
202502 1,814.917 110.800 1,837.849
202505 1,789.843 111.800 1,796.247
202508 1,831.495 112.100 1,833.129
202511 1,908.266 113.200 1,891.409
202602 2,086.545 112.200 2,086.545

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 0.65 mean?
Nippon Shikizai (TSE:4920) has a Cyclically Adjusted PB Ratio of 0.65 as of Aug. 12, 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 Nippon Shikizai and its competitors. This is 29% below median its historical median of 0.92. Over the past decade, Nippon Shikizai's Cyclically Adjusted PB Ratio has ranged from 0.57 to 3.15. According to the industry distribution chart, Nippon Shikizai ranks #337 out of 1403 companies in the Consumer Packaged Goods industry, placing it in the top 24%.
Is Nippon Shikizai's Cyclically Adjusted PB Ratio too high?
Nippon Shikizai's current Cyclically Adjusted PB Ratio of 0.65 is 29% below median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 3.15. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Nippon Shikizai's value of 0.65 is 48.4% below this industry median. Based on the distribution chart, Nippon Shikizai ranks #337 out of 1403 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Shikizai has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nippon Shikizai's Cyclically Adjusted PB Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Nippon Shikizai ranks #337 out of 1403 companies for Cyclically Adjusted PB Ratio. This places Nippon Shikizai in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.26. Nippon Shikizai's value of 0.65 is 48.4% below this benchmark. Historically, Nippon Shikizai's own Cyclically Adjusted PB Ratio has ranged from 0.57 to 3.15 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 1.26, Nippon Shikizai 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,403 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. Nippon Shikizai's current Cyclically Adjusted PB Ratio of 0.65 is 48.4% 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 Nippon Shikizai and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Shikizai's current Cyclically Adjusted PB Ratio is 0.65, which is 29% below median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Shikizai stock overvalued right now?
Based on GuruFocus' analysis, Nippon Shikizai (TSE:4920) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,678.24, compared to a current price of 円1,120.00 — trading 33.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.65, which is 29% below median its 10-year median of 0.92 and 48.4% below the Consumer Packaged Goods industry median of 1.26. Nippon Shikizai's overall GF Score™ is 63/100 with 5 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 Nippon Shikizai (TSE:4920), the current Cyclically Adjusted PB Ratio is 0.65 as of Aug. 12, 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 Nippon Shikizai (TSE:4920) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Shikizai stock appears to be undervalued. The current stock price of 円1,120.00 is trading 33.3% below its estimated GF Value™ of 円1,678.24. GuruFocus considers Nippon Shikizai to be Possible Value Trap.

Key valuation signals for TSE:4920:

  • Cyclically Adjusted PB Ratio: 0.65 (29% below median its 10-year median of 0.92)
  • GF Value™: 円1,678.24 vs. price of 円1,120.00 (33.3% below fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 48.4% below the Consumer Packaged Goods median (#337 of 1403)

No single metric tells the full story. See the TSE:4920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Shikizai Business Description

Address 5-3-13, Mita, Minato-ku, Tokyo, JPN
Nippon Shikizai Inc. is a cosmetics manufacturing service solution provider. It offers products for the face, lips, eyes and skin. The product portfolio of the company includes lipstick, lip liner, lipgloss, powder eye shadow, cream eye shadow, mascara, concealer, highlighter, cleanser, scrub, sunscreen and other products.
63GF Score

Get the complete analysis for TSE:4920

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

円1,120.00
Price
円1,678.24
GF Value