NEPON (TSE:7985) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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.
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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:7985 NEPON Inc TSE:7985
57 GF Score
Price 円746.00
GF Value 円1,491.17
Valuation Significantly Undervalued
! 4 Warning Signs
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What is NEPON Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


NEPON  (TSE:7985) 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.


NEPON Cyclically Adjusted PB Ratio Related Terms


NEPON Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NEPON'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.

NEPON Cyclically Adjusted PB Ratio Chart

NEPON 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 0.72 0.84 0.84 0.67 0.59

NEPON 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 0.66 0.91 0.64 0.63 0.31

TSE:7985 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, NEPON'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.


NEPON Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:7985
57GF Score
NEPON Inc TSE:7985
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NEPON 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.

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

For example, NEPON'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)
=2342.726/113.6000*113.6000
=2,342.726

Current CPI (Jun. 2026) = 113.6000.

NEPON Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,487.438 98.000 1,724.214
201612 1,706.282 98.400 1,969.854
201703 1,728.598 98.100 2,001.720
201706 1,610.867 98.500 1,857.812
201709 1,678.506 98.800 1,929.942
201712 1,852.246 99.400 2,116.853
201803 1,831.386 99.200 2,097.232
201806 1,652.331 99.200 1,892.186
201809 1,693.881 99.900 1,926.175
201812 1,857.121 99.700 2,116.038
201903 1,832.885 99.700 2,088.423
201906 1,658.025 99.800 1,887.291
201909 1,767.089 100.100 2,005.408
201912 1,908.395 100.500 2,157.151
202003 1,995.277 100.300 2,259.855
202006 1,805.303 99.900 2,052.877
202009 1,887.680 99.900 2,146.551
202012 2,045.100 99.300 2,339.611
202103 2,109.822 99.900 2,399.157
202106 1,925.692 99.500 2,198.579
202109 2,005.126 100.100 2,275.548
202112 2,363.368 100.100 2,682.104
202203 2,460.850 101.100 2,765.109
202206 2,274.341 101.800 2,537.968
202209 2,348.425 103.100 2,587.595
202212 2,567.493 104.100 2,801.798
202303 2,724.889 104.400 2,965.013
202306 2,510.962 105.200 2,711.457
202309 2,607.364 106.200 2,789.045
202312 2,724.088 106.800 2,897.532
202403 2,743.708 107.200 2,907.511
202406 2,530.305 108.200 2,656.586
202409 2,530.536 108.900 2,639.751
202412 2,690.907 110.700 2,761.400
202503 2,482.561 111.100 2,538.424
202506 2,165.743 111.700 2,202.582
202509 2,231.226 112.000 2,263.101
202512 2,530.774 113.000 2,544.212
202603 2,551.983 112.700 2,572.363
202606 2,342.726 113.600 2,342.726

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.

Is NEPON (TSE:7985) Overvalued in 2026?

Based on GuruFocus' analysis, NEPON stock appears to be undervalued. The current stock price of 円746.00 is trading 50% below its estimated GF Value™ of 円1,491.17. GuruFocus considers NEPON to be Significantly Undervalued.

Key valuation signals for TSE:7985:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円1,491.17 vs. price of 円746.00 (50% below fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the TSE:7985 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NEPON Business Description

Other Exchanges 7985:Japan
Address 1-4-2 Shibuya, Shibuya-ku, Tokyo, JPN, 150-0002
NEPON Inc manufactures heating equipment for greenhouses and portable flush toilets. It also manufactures and sales agricultural machine which includes hot air heater for horticulture, heat pump for facilities gardening, hot water boiler for facilities gardening; General purpose equipment which include hot air heaters for buildings and factories, hot water boilers for commercial use, hot air generators for drying; Sanitary machines include foam wash type simple flush toilet, flushing type simple flush toilet, commercial foam wash toilet, toilet bowl; Construction related products include Design and construction of pipework, electrical work.
57GF Score

Get the complete analysis for TSE:7985

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

円746.00
Price
円1,491.17
GF Value