Enigmo (TSE:3665) Cyclically Adjusted Book per Share: 円210.55 (As of Jan. 2026)


TSE:3665 Enigmo Inc TSE:3665
69 GF Score
Price 円401.00
GF Value 円459.42
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Enigmo Cyclically Adjusted Book per Share?

Enigmo TSE:3665 -1.47% 69 Cyclically Adjusted Book per Share is 円210.55 as of Jan. 2026. GuruFocus rates TSE:3665 with a GF Score™ of 69/100 and a GF Value™ of 円459.42 (Modestly Undervalued). The stock has 7 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.

Enigmo's adjusted book value per share for the three months ended in Jan. 2026 was 円296.383. 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210.55 for the trailing ten years ended in Jan. 2026.

During the past 12 months, Enigmo's average Cyclically Adjusted Book Growth Rate was 14.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.40% 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 Enigmo was 19.50% per year. The lowest was 16.40% per year. And the median was 17.95% per year.

As of today (2026-07-11), Enigmo's current stock price is 円401.00. Enigmo's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2026 was 円210.55. Enigmo's Cyclically Adjusted PB Ratio of today is 1.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Enigmo was 11.13. The lowest was 1.47. And the median was 2.28.


Enigmo  (TSE:3665) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=401.00/210.55
=1.90

* 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 Enigmo was 11.13. The lowest was 1.47. And the median was 2.28.


Be Aware

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


Enigmo Cyclically Adjusted Book per Share Related Terms


Enigmo Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Enigmo'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.

Enigmo Cyclically Adjusted Book per Share Chart

Enigmo Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 108.33 133.66 157.40 184.72 210.55

Enigmo Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 190.35 196.54 204.38 210.55 0.00

TSE:3665 vs AMZN, BABA, PDD: Cyclically Adjusted Book per Share Comparison

For the Internet Retail subindustry, Enigmo'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.


Enigmo Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Enigmo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3665
69GF Score
Enigmo Inc TSE:3665
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enigmo 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, Enigmo's adjusted Book Value per Share data for the three months ended in Jan. 2026 was:

Adj_Book= Book Value per Share /CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=296.383/112.9000*112.9000
=296.383

Current CPI (Jan. 2026) = 112.9000.

Enigmo Quarterly Data

Book Value per Share CPI Adj_Book
201604 54.692 98.100 62.943
201607 61.067 97.900 70.424
201610 67.487 98.600 77.275
201701 76.723 98.200 88.208
201704 82.593 98.500 94.668
201707 87.401 98.300 100.382
201710 81.736 98.800 93.401
201801 95.452 99.500 108.307
201804 103.583 99.100 118.007
201807 111.148 99.200 126.498
201810 120.161 100.200 135.391
201901 132.354 99.700 149.877
201904 142.089 100.000 160.418
201907 150.938 99.800 170.751
201910 160.854 100.400 180.881
202001 177.031 100.500 198.874
202004 178.053 100.200 200.621
202007 188.819 100.000 213.177
202010 201.410 99.800 227.848
202101 221.425 99.800 250.490
202104 223.373 99.100 254.478
202107 233.840 99.700 264.800
202110 244.086 99.900 275.849
202201 260.770 100.300 293.529
202204 257.716 101.500 286.661
202207 256.485 102.300 283.061
202210 254.324 103.700 276.887
202301 254.828 104.700 274.786
202304 246.690 105.100 264.998
202307 250.003 105.700 267.033
202310 252.928 107.100 266.625
202401 265.317 106.900 280.209
202404 258.127 107.700 270.590
202407 251.899 108.600 261.873
202410 275.573 109.500 284.130
202501 288.164 111.200 292.569
202504 280.882 111.500 284.409
202507 290.963 111.900 293.563
202510 320.980 112.800 321.265
202601 296.383 112.900 296.383

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210.55 mean?
Enigmo (TSE:3665) has a Cyclically Adjusted Book per Share of 円210.55 as of Jan. 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 Enigmo and its competitors.
Is Enigmo's Cyclically Adjusted Book per Share too high?
Enigmo's current Cyclically Adjusted Book per Share is 円210.55. Overall, Enigmo has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enigmo's Cyclically Adjusted Book per Share compare to AMZN and BABA?
Enigmo's Cyclically Adjusted Book per Share of 円210.55 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Cyclically Adjusted Book per Share depends on the Retail - Cyclical 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 Enigmo and its competitors. Enigmo's current Cyclically Adjusted Book per Share is 円210.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enigmo stock overvalued right now?
Based on GuruFocus' analysis, Enigmo (TSE:3665) is currently considered Modestly Undervalued. The stock's GF Value™ is 円459.42, compared to a current price of 円401.00 — trading 12.7% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円210.55. Enigmo's overall GF Score™ is 69/100 with 7 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 Enigmo (TSE:3665), the current Cyclically Adjusted Book per Share is 円210.55 as of Jan. 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 Enigmo (TSE:3665) Overvalued in 2026?

Based on GuruFocus' analysis, Enigmo stock appears to be undervalued. The current stock price of 円401.00 is trading 12.7% below its estimated GF Value™ of 円459.42. GuruFocus considers Enigmo to be Modestly Undervalued.

Key valuation signals for TSE:3665:

  • Cyclically Adjusted Book per Share: 円210.55
  • GF Value™: 円459.42 vs. price of 円401.00 (12.7% below fair value)
  • GF Score™: 69/100 with 7 warning signs

No single metric tells the full story. See the TSE:3665 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enigmo Business Description

Address 4-8-15 Akasaka, Akasaka KOSEN Building, Minato-ku, Tokyo, JPN, 107-0052
Enigmo Inc develops internet business models. It operates BUYMA, a marketplace for buying fashion items from personal shoppers; BUYMA TRAVEL, a website that provides private local tours to Japanese travelers living abroad; and STYLE HAUS, a platform that offers fashion, lifestyle, and cosmetics recommendations.
69GF Score

Get the complete analysis for TSE:3665

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

円401.00
Price
円459.42
GF Value