BayCurrent (TSE:6532) Cyclically Adjusted Book per Share: 円307.78 (As of May. 2026)

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.

TSE:6532 BayCurrent Inc TSE:6532
96 GF Score
Price 円6,554.00
GF Value 円8,551.95
Valuation Modestly Undervalued
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What is BayCurrent Cyclically Adjusted Book per Share?

BayCurrent TSE:6532 -2.98% 96 Cyclically Adjusted Book per Share is 円307.78 as of May. 2026. GuruFocus rates TSE:6532 with a GF Score™ of 96/100 and a GF Value™ of 円8,551.95 (Modestly Undervalued).

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.

BayCurrent's adjusted book value per share for the three months ended in May. 2026 was 円733.473. 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307.78 for the trailing ten years ended in May. 2026.

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.

As of today (2026-07-21), BayCurrent's current stock price is 円6554.00. BayCurrent's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was 円307.78. BayCurrent's Cyclically Adjusted PB Ratio of today is 21.29.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of BayCurrent was 24.87. The lowest was 14.68. And the median was 18.31.


BayCurrent  (TSE:6532) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6554.00/307.78
=21.29

* 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 11 years, the highest Cyclically Adjusted PB Ratio of BayCurrent was 24.87. The lowest was 14.68. And the median was 18.31.


Be Aware

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


BayCurrent Cyclically Adjusted Book per Share Related Terms


BayCurrent Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for BayCurrent'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.

BayCurrent Cyclically Adjusted Book per Share Chart

BayCurrent Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 293.46

BayCurrent Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.00 0.00 277.94 293.46 307.78

TSE:6532 vs VRSK, EFX, BAH: Cyclically Adjusted Book per Share Comparison

For the Consulting Services subindustry, BayCurrent'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.


BayCurrent Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, BayCurrent's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:6532
96GF Score
BayCurrent Inc TSE:6532
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_Book= Book Value per Share /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=733.473/113.5000*113.5000
=733.473

Current CPI (May. 2026) = 113.5000.

BayCurrent Quarterly Data

Book Value per Share CPI Adj_Book
201608 65.395 97.900 75.815
201611 67.432 98.600 77.622
201702 68.659 98.100 79.437
201705 87.020 98.600 100.170
201708 69.560 98.500 80.153
201711 73.311 99.100 83.964
201802 97.639 99.500 111.377
201805 72.892 99.300 83.316
201808 75.792 99.800 86.196
201811 103.259 100.000 117.199
201902 109.107 99.700 124.209
201905 112.111 100.000 127.246
201908 89.899 100.000 102.035
201911 124.832 100.500 140.979
202002 140.598 100.300 159.101
202005 148.032 100.100 167.848
202008 158.590 100.100 179.820
202011 169.504 99.500 193.354
202102 159.824 99.800 181.764
202105 201.049 99.400 229.568
202108 222.717 99.700 253.544
202111 241.793 100.100 274.161
202202 271.597 100.700 306.120
202205 272.818 101.800 304.173
202208 301.999 102.700 333.757
202211 285.979 103.900 312.402
202302 374.191 104.000 408.372
202305 370.902 105.100 400.546
202308 407.557 105.900 436.806
202311 433.175 106.900 459.919
202402 485.178 106.900 515.133
202405 486.693 108.100 511.005
202408 528.963 109.100 550.296
202411 556.682 110.000 574.395
202502 620.822 110.800 635.950
202505 627.010 111.800 636.544
202508 681.882 112.100 690.398
202511 691.437 113.200 693.269
202602 770.727 112.200 779.657
202605 733.473 113.500 733.473

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307.78 mean?
BayCurrent (TSE:6532) has a Cyclically Adjusted Book per Share of 円307.78 as of May. 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 BayCurrent and its competitors.
Is BayCurrent's Cyclically Adjusted Book per Share too high?
BayCurrent's current Cyclically Adjusted Book per Share is 円307.78. Overall, BayCurrent has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BayCurrent's Cyclically Adjusted Book per Share compare to VRSK and EFX?
BayCurrent's Cyclically Adjusted Book per Share of 円307.78 can be compared against companies in the Business Services 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 Business Services company?
A good Cyclically Adjusted Book per Share depends on the Business Services 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 BayCurrent and its competitors. BayCurrent's current Cyclically Adjusted Book per Share is 円307.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BayCurrent stock overvalued right now?
Based on GuruFocus' analysis, BayCurrent (TSE:6532) is currently considered Modestly Undervalued. The stock's GF Value™ is 円8,551.95, compared to a current price of 円6,554.00 — trading 23.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円307.78. BayCurrent's overall GF Score™ is 96/100. 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 BayCurrent (TSE:6532), the current Cyclically Adjusted Book per Share is 円307.78 as of May. 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 BayCurrent (TSE:6532) Overvalued in 2026?

Based on GuruFocus' analysis, BayCurrent stock appears to be undervalued. The current stock price of 円6,554.00 is trading 23.4% below its estimated GF Value™ of 円8,551.95. GuruFocus considers BayCurrent to be Modestly Undervalued.

Key valuation signals for TSE:6532:

  • Cyclically Adjusted Book per Share: 円307.78
  • GF Value™: 円8,551.95 vs. price of 円6,554.00 (23.4% below fair value)
  • GF Score™: 96/100

No single metric tells the full story. See the TSE:6532 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BayCurrent Business Description

Other Exchanges BYCRF:USA
Address 1-3-1 Azabudai, Azabudai Hills Mori JP Tower, Minato-ku, Tokyo, JPN, 106-0041
BayCurrent Consulting is a Japanese IT consulting firm specializing in digital transformation implementation. The company deployed 5,590 consultants at the end of fiscal 2026 to execute IT modernization, data analytics, and artificial intelligence projects for enterprise clients. Unlike traditional strategy firms, BayCurrent focuses on project execution, with consultants embedded in client organizations to deliver outcomes. The firm serves a variety of industries, with financial services and manufacturing each accounting for 20% to 25% of revenue. Its one-pool staffing model enables flexible consultant allocation across industries and helps the company maintain a high utilization rate, thereby achieving a higher profitability than peers.
96GF Score

Get the complete analysis for TSE:6532

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

円6,554.00
Price
円8,551.95
GF Value