Shin-Etsu Chemical Co (WBO:SHIN) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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WBO:SHIN Shin-Etsu Chemical Co Ltd WBO:SHIN
97 GF Score
Price €22.98
GF Value €22.32
! 2 Warning Signs
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What is Shin-Etsu Chemical Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shin-Etsu Chemical Co  (WBO:SHIN) 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.


Shin-Etsu Chemical Co Cyclically Adjusted PB Ratio Related Terms


Shin-Etsu Chemical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shin-Etsu Chemical 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.

Shin-Etsu Chemical Co Cyclically Adjusted PB Ratio Chart

Shin-Etsu Chemical 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 15.41 11.47 10.48 9.53 9.03

Shin-Etsu Chemical 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 1.93 1.90 1.87 1.85 1.82

WBO:SHIN vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Shin-Etsu Chemical 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.


Shin-Etsu Chemical Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shin-Etsu Chemical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shin-Etsu Chemical Co's Cyclically Adjusted PB Ratio falls into.


WBO:SHIN
97GF Score
Shin-Etsu Chemical Co Ltd WBO:SHIN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shin-Etsu Chemical 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.

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

For example, Shin-Etsu Chemical 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)
=13.731/113.6000*113.6000
=13.731

Current CPI (Jun. 2026) = 113.6000.

Shin-Etsu Chemical Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.326 98.000 9.651
201612 7.759 98.400 8.958
201703 8.620 98.100 9.982
201706 8.033 98.500 9.264
201709 7.973 98.800 9.167
201712 8.025 99.400 9.171
201803 8.650 99.200 9.906
201806 8.699 99.200 9.962
201809 8.944 99.900 10.171
201812 9.646 99.700 10.991
201903 9.778 99.700 11.141
201906 10.043 99.800 11.432
201909 10.645 100.100 12.081
201912 10.412 100.500 11.769
202003 11.056 100.300 12.522
202006 10.833 99.900 12.319
202009 10.872 99.900 12.363
202012 10.727 99.300 12.272
202103 10.698 99.900 12.165
202106 11.005 99.500 12.565
202109 11.693 100.100 13.270
202112 11.871 100.100 13.472
202203 12.224 101.100 13.735
202206 12.142 101.800 13.549
202209 13.531 103.100 14.909
202212 14.379 104.100 15.691
202303 13.801 104.400 15.017
202306 12.888 105.200 13.917
202309 13.808 106.200 14.770
202312 14.245 106.800 15.152
202403 13.560 107.200 14.370
202406 13.493 108.200 14.166
202409 15.461 108.900 16.128
202412 14.195 110.700 14.567
202503 15.279 111.100 15.623
202506 13.586 111.700 13.817
202509 13.480 112.000 13.673
202512 13.017 113.000 13.086
202603 13.643 112.700 13.752
202606 13.731 113.600 13.731

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 Shin-Etsu Chemical Co (WBO:SHIN) Overvalued in 2026?

Based on GuruFocus' analysis, Shin-Etsu Chemical Co stock appears to be overvalued. The current stock price of €22.98 is trading 3% above its estimated GF Value™ of €22.32.

Key valuation signals for WBO:SHIN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €22.32 vs. price of €22.98 (3% above fair value)
  • GF Score™: 97/100 with 2 warning signs

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


Shin-Etsu Chemical Co Business Description

Address 1-4-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005
Shin Etsu Chemical is an industrial conglomerate that was founded in 1926. Some of its largest product groups are silicon metal, polymer, silicone, rare-earth, and cellulose products. It holds top rankings in several markets, notably as the largest PVC and silicon wafer producer globally. Shin-Etsu is most exposed to the construction, semiconductors, and pharmaceutical sectors. Shin Etsu employed 27,342 people as of March 31, 2026, and has production bases in 17 countries.
97GF Score

Get the complete analysis for WBO:SHIN

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

€22.98
Price
€22.32
GF Value