Nichirin Co (TSE:5184) Cyclically Adjusted PB Ratio: 1.26 (As of Aug. 18, 2026) — Near Median

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TSE:5184 Nichirin Co Ltd TSE:5184
81 GF Score
Price 円4,135.00
GF Value 円3,037.69
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Nichirin Co Cyclically Adjusted PB Ratio?

Nichirin Co TSE:5184 -0.36% 81 Cyclically Adjusted PB Ratio is 1.26 as of Aug. 18, 2026, which is 5% above its 10-year median of 1.20. GuruFocus rates TSE:5184 with a GF Score™ of 81/100 and a GF Value™ of 円3,037.69 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 972 Vehicles & Parts companies, Nichirin Co ranks better than 50.41% on this metric.

As of today (2026-08-18), Nichirin Co's current share price is 円4135.00. Nichirin Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円3,281.23. Nichirin Co's Cyclically Adjusted PB Ratio for today is 1.26.

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

TSE:5184' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.2   Max: 2.06
Current: 1.26

During the past years, Nichirin Co's highest Cyclically Adjusted PB Ratio was 2.06. The lowest was 0.75. And the median was 1.20.

TSE:5184's Cyclically Adjusted PB Ratio is ranked better than
50.41% of 972 companies
in the Vehicles & Parts industry
Industry Median: 1.275 vs TSE:5184: 1.26

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.

Nichirin Co's adjusted book value per share data for the three months ended in Jun. 2026 was 円4,778.961. 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3,281.23 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nichirin Co  (TSE:5184) 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.


Nichirin Co Cyclically Adjusted PB Ratio Related Terms


Nichirin Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nichirin 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.

Nichirin Co Cyclically Adjusted PB Ratio Chart

Nichirin Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 0.85 1.35 1.24 1.19

Nichirin 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 1.17 1.24 1.19 1.28 1.23

TSE:5184 vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Nichirin 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.


Nichirin Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nichirin Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:5184
81GF Score
Nichirin Co Ltd TSE:5184
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nichirin 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4135.00/3281.23
=1.26

* 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.

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

For example, Nichirin Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4778.961/113.6000*113.6000
=4,778.961

Current CPI (Jun. 2026) = 113.6000.

Nichirin Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,497.430 98.000 1,735.796
201612 1,714.654 98.400 1,979.519
201703 1,760.365 98.100 2,038.506
201706 1,863.285 98.500 2,148.926
201709 1,948.854 98.800 2,240.788
201712 2,674.851 99.400 3,056.973
201803 2,065.204 99.200 2,364.992
201806 2,164.194 99.200 2,478.351
201809 2,226.890 99.900 2,532.279
201812 2,240.973 99.700 2,553.406
201903 2,316.116 99.700 2,639.025
201906 2,292.834 99.800 2,609.879
201909 2,287.246 100.100 2,595.716
201912 2,376.978 100.500 2,686.813
202003 2,335.490 100.300 2,645.181
202006 2,328.810 99.900 2,648.176
202009 2,367.414 99.900 2,692.074
202012 2,451.418 99.300 2,804.442
202103 2,610.362 99.900 2,968.340
202106 2,659.927 99.500 3,036.861
202109 2,745.888 100.100 3,116.213
202112 2,883.844 100.100 3,272.774
202203 3,031.093 101.100 3,405.857
202206 3,230.399 101.800 3,604.846
202209 3,334.182 103.100 3,673.745
202212 3,303.602 104.100 3,605.083
202303 3,415.019 104.400 3,715.959
202306 3,699.904 105.200 3,995.334
202309 3,791.774 106.200 4,055.984
202312 3,822.599 106.800 4,065.985
202403 3,982.096 107.200 4,219.833
202406 4,242.150 108.200 4,453.865
202409 3,991.648 108.900 4,163.923
202412 4,310.455 110.700 4,423.376
202503 4,172.045 111.100 4,265.925
202506 4,240.770 111.700 4,312.905
202509 4,316.731 112.000 4,378.399
202512 4,574.579 113.000 4,598.869
202603 4,648.098 112.700 4,685.217
202606 4,778.961 113.600 4,778.961

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 1.26 mean?
Nichirin Co (TSE:5184) has a Cyclically Adjusted PB Ratio of 1.26 as of Aug. 18, 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 Nichirin Co and its competitors. This is near median its historical median of 1.20. Over the past decade, Nichirin Co's Cyclically Adjusted PB Ratio has ranged from 0.75 to 2.06. According to the industry distribution chart, Nichirin Co ranks #482 out of 972 companies in the Vehicles & Parts industry, placing it in the top 49.6%.
Is Nichirin Co's Cyclically Adjusted PB Ratio too high?
Nichirin Co's current Cyclically Adjusted PB Ratio of 1.26 is near median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 2.06. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.28. Nichirin Co's value of 1.26 is 1.2% below this industry median. Based on the distribution chart, Nichirin Co ranks #482 out of 972 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Nichirin Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nichirin Co's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nichirin Co ranks #482 out of 972 companies for Cyclically Adjusted PB Ratio. This puts Nichirin Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Nichirin Co's value of 1.26 is 1.2% below this benchmark. Historically, Nichirin Co's own Cyclically Adjusted PB Ratio has ranged from 0.75 to 2.06 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 1.28, Nichirin 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.28, based on 972 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. Nichirin Co's current Cyclically Adjusted PB Ratio of 1.26 is 1.2% 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 Nichirin Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichirin Co's current Cyclically Adjusted PB Ratio is 1.26, which is near median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichirin Co stock overvalued right now?
Based on GuruFocus' analysis, Nichirin Co (TSE:5184) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,037.69, compared to a current price of 円4,135.00 — trading 36.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.26, which is near median its 10-year median of 1.20 and 1.2% below the Vehicles & Parts industry median of 1.28. Nichirin Co's overall GF Score™ is 81/100 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 Nichirin Co (TSE:5184), the current Cyclically Adjusted PB Ratio is 1.26 as of Aug. 18, 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 Nichirin Co (TSE:5184) Overvalued in 2026?

Based on GuruFocus' analysis, Nichirin Co stock appears to be overvalued. The current stock price of 円4,135.00 is trading 36.1% above its estimated GF Value™ of 円3,037.69. GuruFocus considers Nichirin Co to be Significantly Overvalued.

Key valuation signals for TSE:5184:

  • Cyclically Adjusted PB Ratio: 1.26 (near median its 10-year median of 1.20)
  • GF Value™: 円3,037.69 vs. price of 円4,135.00 (36.1% above fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 1.2% below the Vehicles & Parts median (#482 of 972)

No single metric tells the full story. See the TSE:5184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nichirin Co Business Description

Address 98-1, Higashimachi-Edomachi Building, Edo-machi, Chuo-ku, Kobe, JPN, 650-0033
Nichirin Co Ltd is engaged in the manufacturing and selling of automotive hoses, housing hoses, and related parts. The company's products are used in Automobile, Motorcycle, and Residential. Some of them are Brake Hose, Water Hose, Air Conditioning Hose, Power Steering Hose, among others.
81GF Score

Get the complete analysis for TSE:5184

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

円4,135.00
Price
円3,037.69
GF Value