NPCPF (Nippon Paint Holdings Co) Cyclically Adjusted PS Ratio: (As of Aug. 26, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

NPCPF Nippon Paint Holdings Co Ltd NPCPF
82 GF Score
Price $6.69
GF Value $6.34
Valuation Fairly Valued
! 6 Warning Signs
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What is Nippon Paint Holdings Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Paint Holdings Co  (OTCPK:NPCPF) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Nippon Paint Holdings Co Cyclically Adjusted PS Ratio Related Terms


Nippon Paint Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Paint Holdings Co's Cyclically Adjusted PS 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.

Nippon Paint Holdings Co Cyclically Adjusted PS Ratio Chart

Nippon Paint Holdings Co Annual Data
Trend Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.69 2.66 2.58 2.00 1.87

Nippon Paint Holdings 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 PS 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 2.15 1.83 1.87 1.71 0.00

NPCPF vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Nippon Paint Holdings Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Nippon Paint Holdings Co Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Paint Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Nippon Paint Holdings Co's Cyclically Adjusted PS Ratio falls into.


NPCPF
82GF Score
Nippon Paint Holdings Co Ltd NPCPF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Paint Holdings Co Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Nippon Paint Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Nippon Paint Holdings Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

Nippon Paint Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.815 98.000 0.945
201612 1.160 98.400 1.339
201703 0.750 98.100 0.869
201706 0.877 98.500 1.011
201709 0.907 98.800 1.043
201712 0.869 99.400 0.993
201803 0.877 99.200 1.004
201806 0.929 99.200 1.064
201809 0.897 99.900 1.020
201812 0.851 99.700 0.970
201903 0.827 99.700 0.942
201906 0.952 99.800 1.084
201909 1.059 100.100 1.202
201912 1.125 100.500 1.272
202003 0.943 100.300 1.068
202006 1.057 99.900 1.202
202009 1.265 99.900 1.438
202012 1.297 99.300 1.484
202103 0.955 99.900 1.086
202106 1.002 99.500 1.144
202109 0.984 100.100 1.117
202112 0.980 100.100 1.112
202203 1.024 101.100 1.151
202206 1.071 101.800 1.195
202209 1.063 103.100 1.171
202212 1.039 104.100 1.134
202303 1.052 104.400 1.145
202306 1.092 105.200 1.179
202309 1.132 106.200 1.211
202312 1.055 106.800 1.122
202403 1.092 107.200 1.157
202406 1.167 108.200 1.225
202409 1.208 108.900 1.260
202412 1.526 110.700 1.566
202503 1.159 111.100 1.185
202506 1.316 111.700 1.338
202509 1.342 112.000 1.361
202512 0.876 113.000 0.881
202603 1.330 112.700 1.341
202606 0.000 113.600 0.000

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 Nippon Paint Holdings Co (NPCPF) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Paint Holdings Co stock appears to be overvalued. The current stock price of $6.69 is trading 5.6% above its estimated GF Value™ of $6.34. GuruFocus considers Nippon Paint Holdings Co to be Fairly Valued.

Key valuation signals for NPCPF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $6.34 vs. price of $6.69 (5.6% above fair value)
  • GF Score™: 82/100 with 6 warning signs

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


Nippon Paint Holdings Co Business Description

Address 2-1-2 Oyodo Kita, Kita-ku, Osaka, JPN, 531-8511
Nippon Paint is a global paint company with operations in over 50 countries. About two-thirds of sales are in decorative paint, serving mostly residential and some commercial customers. It has the dominant share of the paint markets in China and some smaller Asian countries, as well as Australia. In other regions, it's often one of the three largest players. Its products are distributed via paint and home improvement retailers, some 300,000 distributors globally. Household brands include Nipsea, Nippon Paint, Dulux (in Asia, the Pacific, and Europe), British Paints, Betek Boya, and Alina, among others. About one-fourth of sales are in industrial coatings and paints. Here, customer groups include manufacturers of automotive and industrial products.
82GF Score

Get the complete analysis for NPCPF

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

$6.69
Price
$6.34
GF Value