TWAPF (TOWA Pharmaceutical Co) Cyclically Adjusted PB Ratio: 2.33 (As of Jul. 17, 2026) — 55% Above Median

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TWAPF TOWA Pharmaceutical Co Ltd TWAPF
79 GF Score
Price $26.00
GF Value $14.14
Valuation Significantly Overvalued
! 9 Warning Signs
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What is TOWA Pharmaceutical Co Cyclically Adjusted PB Ratio?

TOWA Pharmaceutical Co TWAPF 79 Cyclically Adjusted PB Ratio is 2.33 as of Jul. 17, 2026, which is 55% above its 10-year median of 1.50. GuruFocus rates TWAPF with a GF Scoreâ„¢ of 79/100 and a GF Valueâ„¢ of $14.14 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 759 Drug Manufacturers companies, TOWA Pharmaceutical Co ranks better than 59.16% on this metric.

As of today (2026-07-17), TOWA Pharmaceutical Co's current share price is $26.00. TOWA Pharmaceutical Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $11.18. TOWA Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is 2.33.

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

TWAPF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.5   Max: 2.51
Current: 1.51

During the past years, TOWA Pharmaceutical Co's highest Cyclically Adjusted PB Ratio was 2.51. The lowest was 0.88. And the median was 1.50.

TWAPF's Cyclically Adjusted PB Ratio is ranked better than
59.16% of 759 companies
in the Drug Manufacturers industry
Industry Median: 1.83 vs TWAPF: 1.51

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.

TOWA Pharmaceutical Co's adjusted book value per share data for the three months ended in Mar. 2026 was $22.800. 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 $11.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TOWA Pharmaceutical Co  (OTCPK:TWAPF) 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.


TOWA Pharmaceutical Co Cyclically Adjusted PB Ratio Related Terms


TOWA Pharmaceutical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TOWA Pharmaceutical 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.

TOWA Pharmaceutical Co Cyclically Adjusted PB Ratio Chart

TOWA Pharmaceutical 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 1.62 0.99 1.34 1.11 1.51

TOWA Pharmaceutical Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.11 1.21 1.16 1.39 1.51

TWAPF vs ZTS, UTHR: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, TOWA Pharmaceutical 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.


TOWA Pharmaceutical Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, TOWA Pharmaceutical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TWAPF
79GF Score
TOWA Pharmaceutical Co Ltd TWAPF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOWA Pharmaceutical 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.00/11.18
=2.33

* 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.

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

For example, TOWA Pharmaceutical 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)
=22.8/112.7000*112.7000
=22.800

Current CPI (Mar. 2026) = 112.7000.

TOWA Pharmaceutical Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.274 98.100 15.250
201609 13.986 98.000 16.084
201612 12.977 98.400 14.863
201703 13.488 98.100 15.495
201706 13.957 98.500 15.969
201709 14.397 98.800 16.422
201712 14.536 99.400 16.481
201803 15.315 99.200 17.399
201806 15.264 99.200 17.341
201809 15.463 99.900 17.444
201812 16.075 99.700 18.171
201903 16.779 99.700 18.967
201906 17.782 99.800 20.080
201909 18.492 100.100 20.820
201912 18.763 100.500 21.041
202003 19.752 100.300 22.194
202006 20.011 99.900 22.575
202009 20.981 99.900 23.669
202012 21.875 99.300 24.827
202103 21.796 99.900 24.589
202106 22.535 99.500 25.525
202109 23.316 100.100 26.251
202112 23.323 100.100 26.259
202203 22.645 101.100 25.243
202206 20.365 101.800 22.546
202209 19.671 103.100 21.503
202212 20.743 104.100 22.457
202303 20.807 104.400 22.461
202306 20.695 105.200 22.170
202309 20.181 106.200 21.416
202312 21.000 106.800 22.160
202403 21.141 107.200 22.226
202406 20.977 108.200 21.849
202409 22.610 108.900 23.399
202412 22.323 110.700 22.726
202503 23.389 111.100 23.726
202506 24.284 111.700 24.501
202509 24.710 112.000 24.864
202512 24.714 113.000 24.648
202603 22.800 112.700 22.800

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 2.33 mean?
TOWA Pharmaceutical Co (TWAPF) has a Cyclically Adjusted PB Ratio of 2.33 as of Jul. 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 TOWA Pharmaceutical Co and its competitors. This is 55% above median its historical median of 1.50. Over the past decade, TOWA Pharmaceutical Co's Cyclically Adjusted PB Ratio has ranged from 0.88 to 2.51. According to the industry distribution chart, TOWA Pharmaceutical Co ranks #310 out of 759 companies in the Drug Manufacturers industry, placing it in the top 40.8%.
Is TOWA Pharmaceutical Co's Cyclically Adjusted PB Ratio too high?
TOWA Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 2.33 is 55% above median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 2.51. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.83. TOWA Pharmaceutical Co's value of 2.33 is 27.3% above this industry median. Based on the distribution chart, TOWA Pharmaceutical Co ranks #310 out of 759 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, TOWA Pharmaceutical Co has a GF Scoreâ„¢ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOWA Pharmaceutical Co's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, TOWA Pharmaceutical Co ranks #310 out of 759 companies for Cyclically Adjusted PB Ratio. This puts TOWA Pharmaceutical Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.83. TOWA Pharmaceutical Co's value of 2.33 is 27.3% above this benchmark. Historically, TOWA Pharmaceutical Co's own Cyclically Adjusted PB Ratio has ranged from 0.88 to 2.51 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 1.83, TOWA Pharmaceutical Co has consistently been above 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.83, based on 759 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. TOWA Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 2.33 is 27.3% above 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 TOWA Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOWA Pharmaceutical Co's current Cyclically Adjusted PB Ratio is 2.33, which is 55% above median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOWA Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, TOWA Pharmaceutical Co (TWAPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.14, compared to a current price of $26.00 — trading 83.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.33, which is 55% above median its 10-year median of 1.50 and 27.3% above the Drug Manufacturers industry median of 1.83. TOWA Pharmaceutical Co's overall GF Score™ is 79/100 with 9 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 TOWA Pharmaceutical Co (TWAPF), the current Cyclically Adjusted PB Ratio is 2.33 as of Jul. 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 TOWA Pharmaceutical Co (TWAPF) Overvalued in 2026?

Based on GuruFocus' analysis, TOWA Pharmaceutical Co stock appears to be overvalued. The current stock price of $26.00 is trading 83.9% above its estimated GF Value™ of $14.14. GuruFocus considers TOWA Pharmaceutical Co to be Significantly Overvalued.

Key valuation signals for TWAPF:

  • Cyclically Adjusted PB Ratio: 2.33 (55% above median its 10-year median of 1.50)
  • GF Value™: $14.14 vs. price of $26.00 (83.9% above fair value)
  • GF Score™: 79/100 with 9 warning signs
  • Industry Position: 27.3% above the Drug Manufacturers median (#310 of 759)

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


TOWA Pharmaceutical Co Business Description

Other Exchanges 4553:Japan6QC:Germany
Address 2-11, Shinbashi-cho, Kadoma, Osaka, JPN, 571-8580
TOWA Pharmaceutical Co Ltd is a Japan based pharmaceutical company engaged in research and development, production, and marketing of generic drugs. It also provides drug consulting services for patients and their families and relatives. It organizes academic seminars for medical professionals and posts articles in journals. It participates in training for pharmacists. The company has three main plants in operation namely Osaka plant, Okayama plant, and Yamagata plant. Towa has offers more than 500 drugs to meet the diverse therapeutic requirements including lifestyle related diseases such as hypertension and diabetes, digestive system diseases, nervous system diseases and allergic diseases, vitamins and antibiotics.
79GF Score

Get the complete analysis for TWAPF

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

$26.00
Price
$14.14
GF Value