Nihon Nohyaku Co (TSE:4997) Cyclically Adjusted PB Ratio: 1.31 (As of Aug. 17, 2026) — 51% Above Median

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TSE:4997 Nihon Nohyaku Co Ltd TSE:4997
71 GF Score
Price 円1,178.00
GF Value 円825.30
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Nihon Nohyaku Co Cyclically Adjusted PB Ratio?

Nihon Nohyaku Co TSE:4997 -0.51% 71 Cyclically Adjusted PB Ratio is 1.31 as of Aug. 17, 2026, which is 51% above its 10-year median of 0.87. GuruFocus rates TSE:4997 with a GF Score™ of 71/100 and a GF Value™ of 円825.30 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 183 Agriculture companies, Nihon Nohyaku Co ranks better than 55.74% on this metric.

As of today (2026-08-17), Nihon Nohyaku Co's current share price is 円1178.00. Nihon Nohyaku Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円900.40. Nihon Nohyaku Co's Cyclically Adjusted PB Ratio for today is 1.31.

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

TSE:4997' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.87   Max: 1.31
Current: 1.31

During the past years, Nihon Nohyaku Co's highest Cyclically Adjusted PB Ratio was 1.31. The lowest was 0.57. And the median was 0.87.

TSE:4997's Cyclically Adjusted PB Ratio is ranked better than
55.74% of 183 companies
in the Agriculture industry
Industry Median: 1.45 vs TSE:4997: 1.31

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.

Nihon Nohyaku Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,086.178. 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900.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nihon Nohyaku Co  (TSE:4997) 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.


Nihon Nohyaku Co Cyclically Adjusted PB Ratio Related Terms


Nihon Nohyaku Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nihon Nohyaku 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.

Nihon Nohyaku Co Cyclically Adjusted PB Ratio Chart

Nihon Nohyaku Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.87 1.01 0.85 1.11

Nihon Nohyaku Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.96 1.14 1.13 1.11 0.00

TSE:4997 vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Nihon Nohyaku 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.


Nihon Nohyaku Co Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Nihon Nohyaku Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:4997
71GF Score
Nihon Nohyaku Co Ltd TSE:4997
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nihon Nohyaku 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.

Nihon Nohyaku Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1178.00/900.40
=1.31

* 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.

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

For example, Nihon Nohyaku 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)
=1086.178/112.7000*112.7000
=1,086.178

Current CPI (Mar. 2026) = 112.7000.

Nihon Nohyaku Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 712.185 98.100 818.178
201609 692.495 98.000 796.369
201612 709.866 98.400 813.027
201703 745.564 98.100 856.525
201706 733.445 98.500 839.180
201709 700.660 98.800 799.235
201712 695.289 99.400 788.321
201803 719.003 99.200 816.851
201806 707.841 99.200 804.170
201809 706.586 99.900 797.120
201812 686.085 99.700 775.544
201903 724.205 99.700 818.635
201906 706.878 99.800 798.248
201909 713.983 100.100 803.855
201912 706.227 100.500 791.958
202003 716.471 100.300 805.048
202006 716.649 99.900 808.472
202009 720.889 99.900 813.255
202012 712.752 99.300 808.934
202103 774.763 99.900 874.032
202106 794.257 99.500 899.626
202109 795.898 100.100 896.081
202112 802.854 100.100 903.913
202203 836.377 101.100 932.341
202206 884.130 101.800 978.796
202209 897.264 103.100 980.811
202212 871.532 104.100 943.532
202303 904.238 104.400 976.127
202306 939.279 105.200 1,006.243
202309 946.215 106.200 1,004.128
202312 933.715 106.800 985.297
202403 994.928 107.200 1,045.974
202406 1,004.932 108.200 1,046.727
202409 977.768 108.900 1,011.887
202412 1,007.923 110.700 1,026.133
202503 987.605 111.100 1,001.828
202506 987.605 111.700 996.447
202509 1,024.449 112.000 1,030.852
202512 1,039.042 113.000 1,036.283
202603 1,086.178 112.700 1,086.178

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 1.31 mean?
Nihon Nohyaku Co (TSE:4997) has a Cyclically Adjusted PB Ratio of 1.31 as of Aug. 17, 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 Nihon Nohyaku Co and its competitors. This is 51% above median its historical median of 0.87. Over the past decade, Nihon Nohyaku Co's Cyclically Adjusted PB Ratio has ranged from 0.57 to 1.31. According to the industry distribution chart, Nihon Nohyaku Co ranks #81 out of 183 companies in the Agriculture industry, placing it in the top 44.3%.
Is Nihon Nohyaku Co's Cyclically Adjusted PB Ratio too high?
Nihon Nohyaku Co's current Cyclically Adjusted PB Ratio of 1.31 is 51% above median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.31. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.45. Nihon Nohyaku Co's value of 1.31 is 9.7% below this industry median. Based on the distribution chart, Nihon Nohyaku Co ranks #81 out of 183 companies in the Agriculture industry, which is above the industry midpoint. Overall, Nihon Nohyaku Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Nohyaku Co's Cyclically Adjusted PB Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, Nihon Nohyaku Co ranks #81 out of 183 companies for Cyclically Adjusted PB Ratio. This puts Nihon Nohyaku Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.45. Nihon Nohyaku Co's value of 1.31 is 9.7% below this benchmark. Historically, Nihon Nohyaku Co's own Cyclically Adjusted PB Ratio has ranged from 0.57 to 1.31 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 1.45, Nihon Nohyaku 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 an Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.45, based on 183 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. Nihon Nohyaku Co's current Cyclically Adjusted PB Ratio of 1.31 is 9.7% 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 Nihon Nohyaku Co and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Nohyaku Co's current Cyclically Adjusted PB Ratio is 1.31, which is 51% above median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Nohyaku Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Nohyaku Co (TSE:4997) is currently considered Significantly Overvalued. The stock's GF Value™ is 円825.30, compared to a current price of 円1,178.00 — trading 42.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.31, which is 51% above median its 10-year median of 0.87 and 9.7% below the Agriculture industry median of 1.45. Nihon Nohyaku Co's overall GF Score™ is 71/100 with 4 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 Nihon Nohyaku Co (TSE:4997), the current Cyclically Adjusted PB Ratio is 1.31 as of Aug. 17, 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 Nihon Nohyaku Co (TSE:4997) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Nohyaku Co stock appears to be overvalued. The current stock price of 円1,178.00 is trading 42.7% above its estimated GF Value™ of 円825.30. GuruFocus considers Nihon Nohyaku Co to be Significantly Overvalued.

Key valuation signals for TSE:4997:

  • Cyclically Adjusted PB Ratio: 1.31 (51% above median its 10-year median of 0.87)
  • GF Value™: 円825.30 vs. price of 円1,178.00 (42.7% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 9.7% below the Agriculture median (#81 of 183)

No single metric tells the full story. See the TSE:4997 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nihon Nohyaku Co Business Description

Address 19-8, Kyobashi 1-Chome, Chuo-ku, Tokyo, JPN, 104-8386
Nihon Nohyaku Co Ltd is engaged in agrochemicals. The company's products are divided into four business divisions Agrochemicals, Agricultural materials, Pharmaceuticals and veterinary products, and Wood preservative. The agrochemicals manufacture and sells crop-protection chemicals, including fungicides, insecticides, herbicides, and miticides. The agricultural materials division sells home gardening and termite protection products, and Pharmaceuticals and veterinary the company branched off from its toxicological research on FUJI-ONE to develop and put on the market KANTEC. It is a product designed to improve liver protein metabolism.
71GF Score

Get the complete analysis for TSE:4997

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

円1,178.00
Price
円825.30
GF Value