Noevir Holdings Co (TSE:4928) Cyclically Adjusted PB Ratio: 3.03 (As of Aug. 14, 2026) — 11% Below Median

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TSE:4928 Noevir Holdings Co Ltd TSE:4928
88 GF Score
Price 円4,830.00
GF Value 円4,974.20
Valuation Fairly Valued
! 2 Warning Signs
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What is Noevir Holdings Co Cyclically Adjusted PB Ratio?

Noevir Holdings Co TSE:4928 -0.21% 88 Cyclically Adjusted PB Ratio is 3.03 as of Aug. 14, 2026, which is 11% below its 10-year median of 3.40. GuruFocus rates TSE:4928 with a GF Score™ of 88/100 and a GF Value™ of 円4,974.20 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,397 Consumer Packaged Goods companies, Noevir Holdings Co ranks worse than 79.74% on this metric.

As of today (2026-08-14), Noevir Holdings Co's current share price is 円4830.00. Noevir Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,596.04. Noevir Holdings Co's Cyclically Adjusted PB Ratio for today is 3.03.

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

TSE:4928' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.53   Med: 3.4   Max: 4.19
Current: 3

During the past years, Noevir Holdings Co's highest Cyclically Adjusted PB Ratio was 4.19. The lowest was 2.53. And the median was 3.40.

TSE:4928's Cyclically Adjusted PB Ratio is ranked worse than
79.74% of 1397 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs TSE:4928: 3.00

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.

Noevir Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,430.554. 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1,596.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Noevir Holdings Co  (TSE:4928) 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.


Noevir Holdings Co Cyclically Adjusted PB Ratio Related Terms


Noevir Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Noevir Holdings 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.

Noevir Holdings Co Cyclically Adjusted PB Ratio Chart

Noevir Holdings Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.63 3.75 3.40 3.28 2.79

Noevir Holdings 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 2.68 2.71 2.79 2.85 2.83

TSE:4928 vs PG, CL, KVUE: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, Noevir Holdings 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.


Noevir Holdings Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSE:4928
88GF Score
Noevir Holdings Co Ltd TSE:4928
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Noevir Holdings 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.

Noevir Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4830.00/1596.04
=3.03

* 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.

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

For example, Noevir Holdings 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)
=1430.554/112.7000*112.7000
=1,430.554

Current CPI (Mar. 2026) = 112.7000.

Noevir Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,515.316 98.100 1,740.837
201609 1,573.480 98.000 1,809.502
201612 1,494.753 98.400 1,711.978
201703 1,523.638 98.100 1,750.398
201706 1,591.927 98.500 1,821.423
201709 1,669.130 98.800 1,903.957
201712 1,321.837 99.400 1,498.703
201803 1,353.485 99.200 1,537.679
201806 1,413.971 99.200 1,606.396
201809 1,517.551 99.900 1,711.992
201812 1,376.321 99.700 1,555.781
201903 1,418.099 99.700 1,603.007
201906 1,475.979 99.800 1,666.762
201909 1,543.695 100.100 1,738.006
201912 1,390.110 100.500 1,558.860
202003 1,415.464 100.300 1,590.457
202006 1,457.417 99.900 1,644.153
202009 1,521.738 99.900 1,716.715
202012 1,355.476 99.300 1,538.390
202103 1,381.415 99.900 1,558.413
202106 1,430.600 99.500 1,620.388
202109 1,520.260 100.100 1,711.621
202112 1,327.263 100.100 1,494.331
202203 1,385.642 101.100 1,544.628
202206 1,435.121 101.800 1,588.783
202209 1,524.037 103.100 1,665.945
202212 1,342.224 104.100 1,453.109
202303 1,396.182 104.400 1,507.181
202306 1,464.867 105.200 1,569.301
202309 1,545.556 106.200 1,640.152
202312 1,356.072 106.800 1,430.986
202403 1,413.895 107.200 1,486.436
202406 1,476.197 108.200 1,537.592
202409 1,565.669 108.900 1,620.302
202412 1,375.220 110.700 1,400.066
202503 1,414.656 111.100 1,435.029
202506 1,458.572 111.700 1,471.630
202509 1,574.160 112.000 1,583.999
202512 1,389.741 113.000 1,386.051
202603 1,430.554 112.700 1,430.554

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 3.03 mean?
Noevir Holdings Co (TSE:4928) has a Cyclically Adjusted PB Ratio of 3.03 as of Aug. 14, 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 Noevir Holdings Co and its competitors. This is 11% below median its historical median of 3.40. Over the past decade, Noevir Holdings Co's Cyclically Adjusted PB Ratio has ranged from 2.53 to 4.19. According to the industry distribution chart, Noevir Holdings Co ranks #1114 out of 1397 companies in the Consumer Packaged Goods industry, placing it in the top 79.7%.
Is Noevir Holdings Co's Cyclically Adjusted PB Ratio too high?
Noevir Holdings Co's current Cyclically Adjusted PB Ratio of 3.03 is 11% below median its 10-year median of 3.40. Over the past 10 years, this metric has ranged from a low of 2.53 to a high of 4.19. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Noevir Holdings Co's value of 3.03 is 140.5% above this industry median. Based on the distribution chart, Noevir Holdings Co ranks #1114 out of 1397 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Noevir Holdings Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Noevir Holdings Co's Cyclically Adjusted PB Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Noevir Holdings Co ranks #1114 out of 1397 companies for Cyclically Adjusted PB Ratio. This places Noevir Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Noevir Holdings Co's value of 3.03 is 140.5% above this benchmark. Historically, Noevir Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 2.53 to 4.19 over the past decade. While the company's 10-year median is 3.40 vs. the industry median of 1.26, Noevir Holdings Co has consistently been above 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 1,397 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. Noevir Holdings Co's current Cyclically Adjusted PB Ratio of 3.03 is 140.5% above 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 Noevir Holdings Co 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. Noevir Holdings Co's current Cyclically Adjusted PB Ratio is 3.03, which is 11% below median its own 10-year median of 3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noevir Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Noevir Holdings Co (TSE:4928) is currently considered Fairly Valued. The stock's GF Value™ is 円4,974.20, compared to a current price of 円4,830.00 — trading 2.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.03, which is 11% below median its 10-year median of 3.40 and 140.5% above the Consumer Packaged Goods industry median of 1.26. Noevir Holdings Co's overall GF Score™ is 88/100 with 2 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 Noevir Holdings Co (TSE:4928), the current Cyclically Adjusted PB Ratio is 3.03 as of Aug. 14, 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 Noevir Holdings Co (TSE:4928) Overvalued in 2026?

Based on GuruFocus' analysis, Noevir Holdings Co stock appears to be undervalued. The current stock price of 円4,830.00 is trading 2.9% below its estimated GF Value™ of 円4,974.20. GuruFocus considers Noevir Holdings Co to be Fairly Valued.

Key valuation signals for TSE:4928:

  • Cyclically Adjusted PB Ratio: 3.03 (11% below median its 10-year median of 3.40)
  • GF Value™: 円4,974.20 vs. price of 円4,830.00 (2.9% below fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 140.5% above the Consumer Packaged Goods median (#1114 of 1397)

No single metric tells the full story. See the TSE:4928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Noevir Holdings Co Business Description

Address 13-1, Minatojima Nakamachi 6-chome, Chuo-ku, Kobe, JPN, 650-8521
Noevir Holdings Co Ltd is a Japan-based company that is principally engaged in two businesses: cosmetics and pharmaceuticals and health food. The cosmetics business produces and offers skincare and makeup products under a number of brands, like Noevir, NOV, and Sana. The pharmaceuticals and health food business develops, produces, and sells a broad range-of-products, including Nanten Nodo Ame cough drops, functional drinks, and other over-the-counter pharmaceuticals, such as cold remedies and eye drops, and health food products as well. These two businesses jointly contribute the majority of the company's revenue. The company also operates apparel and aircraft sales and leasing. The company has a presence in many countries across the world and focuses on developing Asian markets.
88GF Score

Get the complete analysis for TSE:4928

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

円4,830.00
Price
円4,974.20
GF Value