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Nishio Holdings CoTSE:9699 +1.03%76 Cyclically Adjusted PB Ratio is 1.07 as of Aug. 06, 2026, which is 1% below its 10-year median of 1.08. GuruFocus rates TSE:9699 with a GF Score™ of 76/100 and a GF Value™ of 円4,775.26 (Fairly Valued). The stock has 1 warning sign investors should review. Among 729 Business Services companies, Nishio Holdings Co ranks better than 66.94% on this metric.
The historical rank and industry rank for Nishio Holdings Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:9699'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78 Med: 1.08 Max: 1.95
Current: 1
During the past years, Nishio Holdings Co's highest Cyclically Adjusted PB Ratio was 1.95. The lowest was 0.78. And the median was 1.08.
TSE:9699's Cyclically Adjusted PB Ratio is ranked better than 66.94% of 729
companies
in the Business Services industry
Industry Median: 1.55
vs TSE:9699: 1.00
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.
Nishio Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円5,164.247. 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4,147.00 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Nishio Holdings Co (TSE:9699) 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.
Nishio Holdings Co Cyclically Adjusted PB Ratio Related Terms
Nishio Holdings Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Nishio Holdings 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.
Nishio Holdings Co Cyclically Adjusted PB Ratio Chart
TSE:9699 vs URI, SUNB, AER: Cyclically Adjusted PB Ratio Comparison
For the Rental & Leasing Services subindustry, Nishio Holdings 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.
Nishio Holdings Co Cyclically Adjusted PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Nishio Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Nishio Holdings Co's Cyclically Adjusted PB Ratio falls into.
Nishio Holdings 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.
Nishio Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.07 mean?
Nishio Holdings Co (TSE:9699) has a Cyclically Adjusted PB Ratio of 1.07 as of Aug. 06, 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 Nishio Holdings Co and its competitors. This is near median its historical median of 1.08. Over the past decade, Nishio Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.78 to 1.95. According to the industry distribution chart, Nishio Holdings Co ranks #241 out of 729 companies in the Business Services industry, placing it in the top 33.1%.
Is Nishio Holdings Co's Cyclically Adjusted PB Ratio too high?
Nishio Holdings Co's current Cyclically Adjusted PB Ratio of 1.07 is near median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 1.95. The Business Services industry median Cyclically Adjusted PB Ratio is 1.55. Nishio Holdings Co's value of 1.07 is 31% below this industry median. Based on the distribution chart, Nishio Holdings Co ranks #241 out of 729 companies in the Business Services industry, which is above the industry midpoint. Overall, Nishio Holdings Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nishio Holdings Co's Cyclically Adjusted PB Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, Nishio Holdings Co ranks #241 out of 729 companies for Cyclically Adjusted PB Ratio. This puts Nishio Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Nishio Holdings Co's value of 1.07 is 31% below this benchmark. Historically, Nishio Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.78 to 1.95 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 1.55, Nishio Holdings 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.55, based on 729 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. Nishio Holdings Co's current Cyclically Adjusted PB Ratio of 1.07 is 31% 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 Nishio Holdings Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nishio Holdings Co's current Cyclically Adjusted PB Ratio is 1.07, which is near median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nishio Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nishio Holdings Co (TSE:9699) is currently considered Fairly Valued. The stock's GF Value™ is 円4,775.26, compared to a current price of 円4,430.00 — trading 7.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.07, which is near median its 10-year median of 1.08 and 31% below the Business Services industry median of 1.55. Nishio Holdings Co's overall GF Score™ is 76/100 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 Nishio Holdings Co (TSE:9699), the current Cyclically Adjusted PB Ratio is 1.07 as of Aug. 06, 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 Nishio Holdings Co (TSE:9699) Overvalued in 2026?
Based on GuruFocus' analysis, Nishio Holdings Co stock appears to be undervalued.
The current stock price of 円4,430.00 is trading 7.2% below its estimated GF Value™ of 円4,775.26.
GuruFocus considers Nishio Holdings Co to be Fairly Valued.
Key valuation signals for TSE:9699:
Cyclically Adjusted PB Ratio: 1.07 (near median its 10-year median of 1.08)
GF Value™: 円4,775.26 vs. price of 円4,430.00 (7.2% below fair value)
Industry Position: 31% below the Business Services median (#241 of 729)
No single metric tells the full story. See the TSE:9699 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nishio Holdings Co Ltd is a provider of rental construction and industrial machinery. The company offers rental solutions for construction and industrial machinery, mounting and tunnelling machines for mining operations, and water purification and recycling equipment. The company, through its subsidiaries, also designs, manufactures, and repairs tunnelling machines and other special vehicles, such as special transfer locomotives and battery-driven vehicles at construction sites. The company operates in Asia.
76GF Score
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