Nihon Trim Co (TSE:6788) Cyclically Adjusted PB Ratio: 1.84 (As of Aug. 15, 2026) — Near 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:6788 Nihon Trim Co Ltd TSE:6788
89 GF Score
Price 円5,000.00
GF Value 円4,478.83
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Nihon Trim Co Cyclically Adjusted PB Ratio?

Nihon Trim Co TSE:6788 +0.50% 89 Cyclically Adjusted PB Ratio is 1.84 as of Aug. 15, 2026, which is 5% above its 10-year median of 1.75. GuruFocus rates TSE:6788 with a GF Score™ of 89/100 and a GF Value™ of 円4,478.83 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,219 Industrial Products companies, Nihon Trim Co ranks better than 56.65% on this metric.

As of today (2026-08-15), Nihon Trim Co's current share price is 円5000.00. Nihon Trim Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,710.23. Nihon Trim Co's Cyclically Adjusted PB Ratio for today is 1.84.

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

TSE:6788' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.06   Med: 1.75   Max: 3.86
Current: 1.84

During the past years, Nihon Trim Co's highest Cyclically Adjusted PB Ratio was 3.86. The lowest was 1.06. And the median was 1.75.

TSE:6788's Cyclically Adjusted PB Ratio is ranked better than
56.65% of 2219 companies
in the Industrial Products industry
Industry Median: 2.17 vs TSE:6788: 1.84

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 Trim Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円3,193.638. 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2,710.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nihon Trim Co  (TSE:6788) 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 Trim Co Cyclically Adjusted PB Ratio Related Terms


Nihon Trim Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nihon Trim 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 Trim Co Cyclically Adjusted PB Ratio Chart

Nihon Trim Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 1.35 1.62 1.49 1.58

Nihon Trim 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 1.66 1.75 1.87 1.58 0.00

TSE:6788 vs VLTO, ZWS, CECO: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Nihon Trim 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 Trim Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nihon Trim Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:6788
89GF Score
Nihon Trim Co Ltd TSE:6788
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5000.00/2710.23
=1.84

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

For example, Nihon Trim 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)
=3193.638/112.7000*112.7000
=3,193.638

Current CPI (Mar. 2026) = 112.7000.

Nihon Trim Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 2,015.545 98.100 2,315.514
201609 2,076.756 98.000 2,388.269
201612 2,095.814 98.400 2,400.389
201703 2,133.101 98.100 2,450.566
201706 2,122.127 98.500 2,428.058
201709 2,147.796 98.800 2,449.966
201712 2,131.506 99.400 2,416.708
201803 2,150.903 99.200 2,443.617
201806 2,109.558 99.200 2,396.645
201809 2,138.748 99.900 2,412.782
201812 2,148.191 99.700 2,428.296
201903 2,166.408 99.700 2,448.888
201906 2,160.020 99.800 2,439.221
201909 2,233.893 100.100 2,515.082
201912 2,258.024 100.500 2,532.132
202003 2,132.507 100.300 2,396.147
202006 2,085.764 99.900 2,353.009
202009 2,149.364 99.900 2,424.758
202012 2,200.476 99.300 2,497.418
202103 2,243.466 99.900 2,530.917
202106 2,438.225 99.500 2,761.688
202109 2,520.759 100.100 2,838.057
202112 2,564.811 100.100 2,887.654
202203 2,588.893 101.100 2,885.937
202206 2,576.058 101.800 2,851.883
202209 2,645.303 103.100 2,891.616
202212 2,691.146 104.100 2,913.469
202303 2,743.435 104.400 2,961.543
202306 2,677.418 105.200 2,868.299
202309 2,784.439 106.200 2,954.861
202312 2,854.108 106.800 3,011.779
202403 2,911.219 107.200 3,060.582
202406 2,890.770 108.200 3,010.996
202409 2,992.388 108.900 3,096.806
202412 3,057.772 110.700 3,113.016
202503 3,125.608 111.100 3,170.621
202506 3,020.215 111.700 3,047.254
202509 3,085.207 112.000 3,104.490
202512 3,125.021 113.000 3,116.724
202603 3,193.638 112.700 3,193.638

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 1.84 mean?
Nihon Trim Co (TSE:6788) has a Cyclically Adjusted PB Ratio of 1.84 as of Aug. 15, 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 Trim Co and its competitors. This is near median its historical median of 1.75. Over the past decade, Nihon Trim Co's Cyclically Adjusted PB Ratio has ranged from 1.06 to 3.86. According to the industry distribution chart, Nihon Trim Co ranks #962 out of 2219 companies in the Industrial Products industry, placing it in the top 43.4%.
Is Nihon Trim Co's Cyclically Adjusted PB Ratio too high?
Nihon Trim Co's current Cyclically Adjusted PB Ratio of 1.84 is near median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 3.86. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.17. Nihon Trim Co's value of 1.84 is 15.2% below this industry median. Based on the distribution chart, Nihon Trim Co ranks #962 out of 2219 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Nihon Trim Co has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Trim Co's Cyclically Adjusted PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Nihon Trim Co ranks #962 out of 2219 companies for Cyclically Adjusted PB Ratio. This puts Nihon Trim Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.17. Nihon Trim Co's value of 1.84 is 15.2% below this benchmark. Historically, Nihon Trim Co's own Cyclically Adjusted PB Ratio has ranged from 1.06 to 3.86 over the past decade. While the company's 10-year median is 1.75 vs. the industry median of 2.17, Nihon Trim 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 Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.17, based on 2,219 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 Trim Co's current Cyclically Adjusted PB Ratio of 1.84 is 15.2% 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 Nihon Trim Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Trim Co's current Cyclically Adjusted PB Ratio is 1.84, which is near median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Trim Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Trim Co (TSE:6788) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,478.83, compared to a current price of 円5,000.00 — trading 11.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.84, which is near median its 10-year median of 1.75 and 15.2% below the Industrial Products industry median of 2.17. Nihon Trim Co's overall GF Score™ is 89/100 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 Trim Co (TSE:6788), the current Cyclically Adjusted PB Ratio is 1.84 as of Aug. 15, 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 Trim Co (TSE:6788) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Trim Co stock appears to be overvalued. The current stock price of 円5,000.00 is trading 11.6% above its estimated GF Value™ of 円4,478.83. GuruFocus considers Nihon Trim Co to be Modestly Overvalued.

Key valuation signals for TSE:6788:

  • Cyclically Adjusted PB Ratio: 1.84 (near median its 10-year median of 1.75)
  • GF Value™: 円4,478.83 vs. price of 円5,000.00 (11.6% above fair value)
  • GF Score™: 89/100 with 4 warning signs
  • Industry Position: 15.2% below the Industrial Products median (#962 of 2219)

No single metric tells the full story. See the TSE:6788 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nihon Trim Co Business Description

Other Exchanges NH8:Germany
Address 1-8-34 Oyodo-Naka, Osaka, JPN, 531-0076
Nihon Trim Co Ltd is a Japan-based company engaged in the manufacture and sale of electrolyzed reduction water equipment. The company operates through two segments namely Water healthcare business and Medical business. Its Water healthcare business segment includes sale of electrolyzed hydrogen water (EHW) apparatus and associated operations. The Medical business segment consists of business operations in the fields of medical and preventive health care and regenerative medicine. In addition, it is also involved in the production and marketing of agricultural electrolyzed reduced water apparatus and bottled drinking water.
89GF Score

Get the complete analysis for TSE:6788

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

円5,000.00
Price
円4,478.83
GF Value