Toyo Drilube Co (TSE:4976) Cyclically Adjusted PB Ratio: 0.60 (As of Aug. 05, 2026) — 11% Above 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:4976 Toyo Drilube Co Ltd TSE:4976
68 GF Score
Price 円1,294.00
GF Value 円979.22
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Toyo Drilube Co Cyclically Adjusted PB Ratio?

Toyo Drilube Co TSE:4976 -1.22% 68 Cyclically Adjusted PB Ratio is 0.60 as of Aug. 05, 2026, which is 11% above its 10-year median of 0.54. GuruFocus rates TSE:4976 with a GF Score™ of 68/100 and a GF Value™ of 円979.22 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,239 Chemicals companies, Toyo Drilube Co ranks better than 83.62% on this metric.

As of today (2026-08-05), Toyo Drilube Co's current share price is 円1294.00. Toyo Drilube Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円2,165.81. Toyo Drilube Co's Cyclically Adjusted PB Ratio for today is 0.60.

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

TSE:4976' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.54   Max: 1.22
Current: 0.61

During the past years, Toyo Drilube Co's highest Cyclically Adjusted PB Ratio was 1.22. The lowest was 0.39. And the median was 0.54.

TSE:4976's Cyclically Adjusted PB Ratio is ranked better than
83.62% of 1239 companies
in the Chemicals industry
Industry Median: 1.61 vs TSE:4976: 0.61

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.

Toyo Drilube Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円2,637.304. 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2,165.81 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyo Drilube Co  (TSE:4976) 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.


Toyo Drilube Co Cyclically Adjusted PB Ratio Related Terms


Toyo Drilube Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Toyo Drilube 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.

Toyo Drilube Co Cyclically Adjusted PB Ratio Chart

Toyo Drilube Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.49 0.42 0.57 0.63

Toyo Drilube Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.58 0.63 0.69 0.69 0.00

TSE:4976 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Toyo Drilube 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.


Toyo Drilube Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


TSE:4976
68GF Score
Toyo Drilube Co Ltd TSE:4976
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toyo Drilube 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.

Toyo Drilube Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1294.00/2165.81
=0.60

* 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.

Toyo Drilube Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Toyo Drilube Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=2637.304/113.0000*113.0000
=2,637.304

Current CPI (Dec. 2025) = 113.0000.

Toyo Drilube Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 1,537.664 98.100 1,771.213
201603 1,540.321 97.900 1,777.899
201606 1,525.698 98.100 1,757.430
201609 1,489.148 98.000 1,717.079
201612 1,472.422 98.400 1,690.891
201703 1,525.185 98.100 1,756.839
201706 1,570.275 98.500 1,801.432
201709 1,591.489 98.800 1,820.225
201712 1,641.263 99.400 1,865.822
201803 1,686.989 99.200 1,921.671
201806 1,715.876 99.200 1,954.576
201809 1,735.081 99.900 1,962.604
201812 1,766.296 99.700 2,001.920
201903 1,783.508 99.700 2,021.428
201906 1,804.737 99.800 2,043.440
201909 1,815.040 100.100 2,048.946
201912 1,821.077 100.500 2,047.579
202003 1,841.030 100.300 2,074.141
202006 1,833.180 99.900 2,073.567
202009 1,833.088 99.900 2,073.463
202012 1,867.802 99.300 2,125.495
202103 1,926.277 99.900 2,178.872
202106 1,958.705 99.500 2,224.459
202109 2,000.000 100.100 2,257.742
202112 2,039.778 100.100 2,302.646
202203 2,089.130 101.100 2,335.032
202206 2,139.793 101.800 2,375.212
202209 2,188.077 103.100 2,398.183
202212 2,227.314 104.100 2,417.738
202303 2,224.142 104.400 2,407.357
202306 2,239.148 105.200 2,405.168
202309 2,289.985 106.200 2,436.613
202312 2,337.034 106.800 2,472.705
202403 2,369.054 107.200 2,497.230
202406 2,417.040 108.200 2,524.265
202412 2,526.615 110.700 2,579.110
202503 2,570.739 111.100 2,614.703
202506 2,609.138 111.700 2,639.504
202509 2,597.778 112.000 2,620.972
202512 2,637.304 113.000 2,637.304

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 0.60 mean?
Toyo Drilube Co (TSE:4976) has a Cyclically Adjusted PB Ratio of 0.60 as of Aug. 05, 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 Toyo Drilube Co and its competitors. This is 11% above median its historical median of 0.54. Over the past decade, Toyo Drilube Co's Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.22. According to the industry distribution chart, Toyo Drilube Co ranks #203 out of 1239 companies in the Chemicals industry, placing it in the top 16.4%.
Is Toyo Drilube Co's Cyclically Adjusted PB Ratio too high?
Toyo Drilube Co's current Cyclically Adjusted PB Ratio of 0.60 is 11% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.22. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.61. Toyo Drilube Co's value of 0.60 is 62.7% below this industry median. Based on the distribution chart, Toyo Drilube Co ranks #203 out of 1239 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Toyo Drilube Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyo Drilube Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Toyo Drilube Co ranks #203 out of 1239 companies for Cyclically Adjusted PB Ratio. This places Toyo Drilube Co in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.61. Toyo Drilube Co's value of 0.60 is 62.7% below this benchmark. Historically, Toyo Drilube Co's own Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.22 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 1.61, Toyo Drilube 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 1.61, based on 1,239 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. Toyo Drilube Co's current Cyclically Adjusted PB Ratio of 0.60 is 62.7% 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 Toyo Drilube Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Drilube Co's current Cyclically Adjusted PB Ratio is 0.60, which is 11% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Drilube Co stock overvalued right now?
Based on GuruFocus' analysis, Toyo Drilube Co (TSE:4976) is currently considered Significantly Overvalued. The stock's GF Value™ is 円979.22, compared to a current price of 円1,294.00 — trading 32.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.60, which is 11% above median its 10-year median of 0.54 and 62.7% below the Chemicals industry median of 1.61. Toyo Drilube Co's overall GF Score™ is 68/100 with 1 warning sign 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 Toyo Drilube Co (TSE:4976), the current Cyclically Adjusted PB Ratio is 0.60 as of Aug. 05, 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 Toyo Drilube Co (TSE:4976) Overvalued in 2026?

Based on GuruFocus' analysis, Toyo Drilube Co stock appears to be overvalued. The current stock price of 円1,294.00 is trading 32.1% above its estimated GF Value™ of 円979.22. GuruFocus considers Toyo Drilube Co to be Significantly Overvalued.

Key valuation signals for TSE:4976:

  • Cyclically Adjusted PB Ratio: 0.60 (11% above median its 10-year median of 0.54)
  • GF Value™: 円979.22 vs. price of 円1,294.00 (32.1% above fair value)
  • GF Score™: 68/100 with 1 warning sign
  • Industry Position: 62.7% below the Chemicals median (#203 of 1239)

No single metric tells the full story. See the TSE:4976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyo Drilube Co Business Description

Address 1-26-4, Daizawa, Setagaya-ku, Tokyo, JPN, 155-0032
Toyo Drilube Co Ltd Is engaged in the research and development, manufacturing, coating processing, and sales of DrilubeR products.
68GF Score

Get the complete analysis for TSE:4976

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

円1,294.00
Price
円979.22
GF Value