NPPHY (Nippon Paint Holdings Co) Cyclically Adjusted PS Ratio: (As of Aug. 15, 2026)

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

NPPHY Nippon Paint Holdings Co Ltd NPPHY
81 GF Score
Price $4.25
GF Value $2.86
Valuation Significantly Overvalued
! 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:NPPHY) 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

NPPHY 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.


NPPHY
81GF Score
Nippon Paint Holdings Co Ltd NPPHY
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 0.408 98.000 0.473
201612 0.580 98.400 0.670
201703 0.375 98.100 0.434
201706 0.438 98.500 0.505
201709 0.453 98.800 0.521
201712 0.434 99.400 0.496
201803 0.439 99.200 0.503
201806 0.465 99.200 0.533
201809 0.448 99.900 0.509
201812 0.426 99.700 0.485
201903 0.413 99.700 0.471
201906 0.476 99.800 0.542
201909 0.530 100.100 0.601
201912 0.563 100.500 0.636
202003 0.472 100.300 0.535
202006 0.529 99.900 0.602
202009 0.633 99.900 0.720
202012 0.649 99.300 0.742
202103 0.478 99.900 0.544
202106 0.501 99.500 0.572
202109 0.492 100.100 0.558
202112 0.490 100.100 0.556
202203 0.512 101.100 0.575
202206 0.535 101.800 0.597
202209 0.532 103.100 0.586
202212 0.519 104.100 0.566
202303 0.526 104.400 0.572
202306 0.546 105.200 0.590
202309 0.566 106.200 0.605
202312 0.527 106.800 0.561
202403 0.546 107.200 0.579
202406 0.584 108.200 0.613
202409 0.604 108.900 0.630
202412 0.763 110.700 0.783
202503 0.579 111.100 0.592
202506 0.658 111.700 0.669
202509 0.671 112.000 0.681
202512 0.438 113.000 0.440
202603 0.665 112.700 0.670
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 (NPPHY) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Paint Holdings Co stock appears to be overvalued. The current stock price of $4.25 is trading 48.6% above its estimated GF Value™ of $2.86. GuruFocus considers Nippon Paint Holdings Co to be Significantly Overvalued.

Key valuation signals for NPPHY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $2.86 vs. price of $4.25 (48.6% above fair value)
  • GF Score™: 81/100 with 6 warning signs

No single metric tells the full story. See the NPPHY 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.
81GF Score

Get the complete analysis for NPPHY

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

$4.25
Price
$2.86
GF Value