OBIC Co (FRA:OBL) Cyclically Adjusted Book per Share: €3.88 (As of Mar. 2026)


FRA:OBL OBIC Co Ltd FRA:OBL
87 GF Score
Price €22.00
GF Value €31.90
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is OBIC Co Cyclically Adjusted Book per Share?

OBIC Co FRA:OBL +0.92% 87 Cyclically Adjusted Book per Share is €3.88 as of Mar. 2026. GuruFocus rates FRA:OBL with a GF Score™ of 87/100 and a GF Value™ of €31.90 (Significantly Undervalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

OBIC Co's adjusted book value per share for the three months ended in Mar. 2026 was €6.491. 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 €3.88 for the trailing ten years ended in Mar. 2026.

During the past 12 months, OBIC Co's average Cyclically Adjusted Book Growth Rate was 12.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of OBIC Co was 13.50% per year. The lowest was 7.60% per year. And the median was 11.25% per year.

As of today (2026-07-08), OBIC Co's current stock price is €22.00. OBIC Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.88. OBIC Co's Cyclically Adjusted PB Ratio of today is 5.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of OBIC Co was 12.45. The lowest was 4.54. And the median was 8.32.


OBIC Co  (FRA:OBL) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

OBIC Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.00/3.88
=5.67

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of OBIC Co was 12.45. The lowest was 4.54. And the median was 8.32.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


OBIC Co Cyclically Adjusted Book per Share Related Terms


OBIC Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for OBIC Co's Cyclically Adjusted Book per Share 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.

OBIC Co Cyclically Adjusted Book per Share Chart

OBIC Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.19 3.31 3.38 3.90 3.88

OBIC 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 Book per Share 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 3.90 3.81 3.83 3.73 3.88

FRA:OBL vs UBER, SHOP, CRM: Cyclically Adjusted Book per Share Comparison

For the Software - Application subindustry, OBIC 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.


OBIC Co Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, OBIC Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:OBL
87GF Score
OBIC Co Ltd FRA:OBL
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OBIC Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, OBIC 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)
=6.491/112.7000*112.7000
=6.491

Current CPI (Mar. 2026) = 112.7000.

OBIC Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.038 98.100 3.490
201609 3.293 98.000 3.787
201612 3.156 98.400 3.615
201703 3.305 98.100 3.797
201706 3.246 98.500 3.714
201709 3.194 98.800 3.643
201712 3.229 99.400 3.661
201803 3.394 99.200 3.856
201806 3.489 99.200 3.964
201809 3.585 99.900 4.044
201812 3.695 99.700 4.177
201903 3.911 99.700 4.421
201906 4.089 99.800 4.618
201909 4.393 100.100 4.946
201912 4.360 100.500 4.889
202003 4.505 100.300 5.062
202006 4.456 99.900 5.027
202009 4.528 99.900 5.108
202012 4.515 99.300 5.124
202103 4.622 99.900 5.214
202106 4.574 99.500 5.181
202109 4.805 100.100 5.410
202112 4.884 100.100 5.499
202203 5.070 101.100 5.652
202206 4.664 101.800 5.163
202209 4.818 103.100 5.267
202212 4.949 104.100 5.358
202303 5.167 104.400 5.578
202306 5.136 105.200 5.502
202309 5.252 106.200 5.573
202312 5.302 106.800 5.595
202403 5.566 107.200 5.852
202406 5.399 108.200 5.624
202409 5.912 108.900 6.118
202412 5.923 110.700 6.030
202503 6.120 111.100 6.208
202506 6.124 111.700 6.179
202509 6.384 112.000 6.424
202512 6.065 113.000 6.049
202603 6.491 112.700 6.491

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of €3.88 mean?
OBIC Co (FRA:OBL) has a Cyclically Adjusted Book per Share of €3.88 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on OBIC Co and its competitors.
Is OBIC Co's Cyclically Adjusted Book per Share too high?
OBIC Co's current Cyclically Adjusted Book per Share is €3.88. Overall, OBIC Co has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does OBIC Co's Cyclically Adjusted Book per Share compare to UBER and SHOP?
OBIC Co's Cyclically Adjusted Book per Share of €3.88 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Software company?
A good Cyclically Adjusted Book per Share depends on the Software industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on OBIC Co and its competitors. OBIC Co's current Cyclically Adjusted Book per Share is €3.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OBIC Co stock overvalued right now?
Based on GuruFocus' analysis, OBIC Co (FRA:OBL) is currently considered Significantly Undervalued. The stock's GF Value™ is €31.90, compared to a current price of €22.00 — trading 31% below its estimated fair value. The current Cyclically Adjusted Book per Share is €3.88. OBIC Co's overall GF Score™ is 87/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For OBIC Co (FRA:OBL), the current Cyclically Adjusted Book per Share is €3.88 as of Mar. 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 OBIC Co (FRA:OBL) Overvalued in 2026?

Based on GuruFocus' analysis, OBIC Co stock appears to be undervalued. The current stock price of €22.00 is trading 31% below its estimated GF Value™ of €31.90. GuruFocus considers OBIC Co to be Significantly Undervalued.

Key valuation signals for FRA:OBL:

  • Cyclically Adjusted Book per Share: €3.88
  • GF Value™: €31.90 vs. price of €22.00 (31% below fair value)
  • GF Score™: 87/100 with 1 warning sign

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


OBIC Co Business Description

Address 2-4-15 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8328
Obic is one of Japan's largest enterprise resource planning service providers with a dominant share of the Japanese midsize corporate market. Obic has three main business lines: system integration, system support, and office automation, and, thus, offers one-stop construction and operation of information systems centered on its proprietary ERP suite. The company, which has a 57-year history, reported fiscal 2026 revenue of JPY 135.2 billion, with system integration contributing 40.9%, system support 52.9%, and office automation 6.2%.
87GF Score

Get the complete analysis for FRA:OBL

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

€22.00
Price
€31.90
GF Value