Okweb (NGO:3808) Cyclically Adjusted Book per Share: 円97.37 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
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.

NGO:3808 Okweb Inc NGO:3808
54 GF Score
Price 円28.00
GF Value 円41.16
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Okweb Cyclically Adjusted Book per Share?

Okweb NGO:3808 -6.67% 54 Cyclically Adjusted Book per Share is 円97.37 as of Dec. 2025. GuruFocus rates NGO:3808 with a GF Score™ of 54/100 and a GF Value™ of 円41.16 (Possible Value Trap). The stock has 3 warning signs 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.

Okweb's adjusted book value per share for the three months ended in Dec. 2025 was 円10.276. 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 円97.37 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Okweb's average Cyclically Adjusted Book Growth Rate was -5.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -5.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -2.80% 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 Okweb was 3.70% per year. The lowest was -5.30% per year. And the median was -1.40% per year.

As of today (2026-07-15), Okweb's current stock price is 円28.00. Okweb's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円97.37. Okweb's Cyclically Adjusted PB Ratio of today is 0.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Okweb was 37.61. The lowest was 0.24. And the median was 0.77.


Okweb  (NGO:3808) 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.

Okweb's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=28.00/97.37
=0.29

* 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 Okweb was 37.61. The lowest was 0.24. And the median was 0.77.


Be Aware

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


Okweb Cyclically Adjusted Book per Share Related Terms


Okweb Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Okweb'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.

Okweb Cyclically Adjusted Book per Share Chart

Okweb Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 113.19 117.67 108.84 102.71 100.09

Okweb Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 101.43 100.09 98.46 97.37 0.00

NGO:3808 vs GOOGL, META, SPOT: Cyclically Adjusted Book per Share Comparison

For the Internet Content & Information subindustry, Okweb'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.


Okweb Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Okweb's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NGO:3808
54GF Score
Okweb Inc NGO:3808
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Okweb 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, Okweb's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book= Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=10.276/113.0000*113.0000
=10.276

Current CPI (Dec. 2025) = 113.0000.

Okweb Quarterly Data

Book Value per Share CPI Adj_Book
201512 78.335 98.100 90.233
201603 80.339 97.900 92.730
201606 81.660 98.100 94.063
201609 80.982 98.000 93.377
201612 81.948 98.400 94.107
201703 84.699 98.100 97.564
201706 88.114 98.500 101.085
201709 89.157 98.800 101.971
201712 93.649 99.400 106.462
201803 98.426 99.200 112.118
201806 152.218 99.200 173.393
201809 159.128 99.900 179.995
201812 198.526 99.700 225.009
201903 210.330 99.700 238.388
201906 211.815 99.800 239.831
201909 187.247 100.100 211.378
201912 175.549 100.500 197.383
202003 131.840 100.300 148.534
202006 54.090 99.900 61.183
202009 70.537 99.900 79.787
202012 111.817 99.300 127.244
202103 61.458 99.900 69.517
202106 246.533 99.500 279.982
202109 256.790 100.100 289.883
202112 240.224 100.100 271.182
202203 56.222 101.100 62.840
202206 22.003 101.800 24.424
202209 -2.514 103.100 -2.755
202212 -7.632 104.100 -8.284
202303 -12.440 104.400 -13.465
202306 -3.826 105.200 -4.110
202309 7.215 106.200 7.677
202312 5.737 106.800 6.070
202403 5.913 107.200 6.233
202406 4.564 108.200 4.766
202412 2.928 110.700 2.989
202503 1.928 111.100 1.961
202506 8.092 111.700 8.186
202509 11.379 112.000 11.481
202512 10.276 113.000 10.276

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 円97.37 mean?
Okweb (NGO:3808) has a Cyclically Adjusted Book per Share of 円97.37 as of Dec. 2025. 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 Okweb and its competitors.
Is Okweb's Cyclically Adjusted Book per Share too high?
Okweb's current Cyclically Adjusted Book per Share is 円97.37. Overall, Okweb has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Okweb's Cyclically Adjusted Book per Share compare to GOOGL and META?
Okweb's Cyclically Adjusted Book per Share of 円97.37 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Cyclically Adjusted Book per Share depends on the Interactive Media 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 Okweb and its competitors. Okweb's current Cyclically Adjusted Book per Share is 円97.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okweb stock overvalued right now?
Based on GuruFocus' analysis, Okweb (NGO:3808) is currently considered Possible Value Trap. The stock's GF Value™ is 円41.16, compared to a current price of 円28.00 — trading 32% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円97.37. Okweb's overall GF Score™ is 54/100 with 3 warning signs 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 Okweb (NGO:3808), the current Cyclically Adjusted Book per Share is 円97.37 as of Dec. 2025. 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 Okweb (NGO:3808) Overvalued in 2026?

Based on GuruFocus' analysis, Okweb stock appears to be undervalued. The current stock price of 円28.00 is trading 32% below its estimated GF Value™ of 円41.16. GuruFocus considers Okweb to be Possible Value Trap.

Key valuation signals for NGO:3808:

  • Cyclically Adjusted Book per Share: 円97.37
  • GF Value™: 円41.16 vs. price of 円28.00 (32% below fair value)
  • GF Score™: 54/100 with 3 warning signs

No single metric tells the full story. See the NGO:3808 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Okweb Business Description

Address 3-11-8 Shinbashi, Minato-ku, 702, Oizumi Shinbashi 2nd Building, Tokyo, JPN, 105-0004
Okweb Inc operates a Q&A-based information exchange platform (OKWAVE) and provides related services. Its activities include the operation of the OKWAVE platform, the provision of solutions leveraging the platform's problem-solving capabilities through OKWAVE Plus, and the offering of a cloud-based thank-you card service (GRATICA) for expressing gratitude.
54GF Score

Get the complete analysis for NGO:3808

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

円28.00
Price
円41.16
GF Value