SKY Perfect JSAT (FRA:SKM) Cyclically Adjusted PB Ratio: 2.54 (As of Aug. 17, 2026) — 234% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

FRA:SKM SKY Perfect JSAT Corp FRA:SKM
74 GF Score
Price €12.60
GF Value €5.46
Valuation Significantly Overvalued
View Full Analysis

What is SKY Perfect JSAT Cyclically Adjusted PB Ratio?

SKY Perfect JSAT FRA:SKM 74 Cyclically Adjusted PB Ratio is 2.54 as of Aug. 17, 2026, which is 234% above its 10-year median of 0.76. GuruFocus rates FRA:SKM with a GF Score™ of 74/100 and a GF Value™ of €5.46 (Significantly Overvalued). Among 688 Media - Diversified companies, SKY Perfect JSAT ranks worse than 80.23% on this metric.

As of today (2026-08-17), SKY Perfect JSAT's current share price is €12.60. SKY Perfect JSAT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €4.97. SKY Perfect JSAT's Cyclically Adjusted PB Ratio for today is 2.54.

The historical rank and industry rank for SKY Perfect JSAT's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:SKM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 0.76   Max: 4.94
Current: 2.6

During the past years, SKY Perfect JSAT's highest Cyclically Adjusted PB Ratio was 4.94. The lowest was 0.54. And the median was 0.76.

FRA:SKM's Cyclically Adjusted PB Ratio is ranked worse than
80.23% of 688 companies
in the Media - Diversified industry
Industry Median: 1 vs FRA:SKM: 2.60

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.

SKY Perfect JSAT's adjusted book value per share data for the three months ended in Mar. 2026 was €5.838. 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 €4.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SKY Perfect JSAT  (FRA:SKM) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


SKY Perfect JSAT Cyclically Adjusted PB Ratio Related Terms


SKY Perfect JSAT Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SKY Perfect JSAT's Cyclically Adjusted PB 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.

SKY Perfect JSAT Cyclically Adjusted PB Ratio Chart

SKY Perfect JSAT Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.68 1.32 1.36 3.20

SKY Perfect JSAT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB 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 1.36 1.65 1.58 2.22 3.20

FRA:SKM vs NXST: Cyclically Adjusted PB Ratio Comparison

For the Broadcasting subindustry, SKY Perfect JSAT'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.


SKY Perfect JSAT Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, SKY Perfect JSAT's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:SKM
74GF Score
SKY Perfect JSAT Corp FRA:SKM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SKY Perfect JSAT Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

SKY Perfect JSAT's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.60/4.97
=2.54

* 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.

SKY Perfect JSAT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, SKY Perfect JSAT'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)
=5.838/112.7000*112.7000
=5.838

Current CPI (Mar. 2026) = 112.7000.

SKY Perfect JSAT Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.563 98.100 6.391
201609 5.853 98.000 6.731
201612 5.561 98.400 6.369
201703 5.872 98.100 6.746
201706 5.711 98.500 6.534
201709 5.479 98.800 6.250
201712 5.405 99.400 6.128
201803 5.579 99.200 6.338
201806 5.676 99.200 6.448
201809 5.695 99.900 6.425
201812 5.837 99.700 6.598
201903 5.934 99.700 6.708
201906 6.107 99.800 6.896
201909 6.367 100.100 7.168
201912 6.223 100.500 6.978
202003 6.453 100.300 7.251
202006 6.376 99.900 7.193
202009 6.314 99.900 7.123
202012 6.239 99.300 7.081
202103 6.091 99.900 6.871
202106 6.044 99.500 6.846
202109 6.290 100.100 7.082
202112 6.410 100.100 7.217
202203 6.383 101.100 7.115
202206 5.920 101.800 6.554
202209 6.057 103.100 6.621
202212 6.115 104.100 6.620
202303 6.144 104.400 6.632
202306 5.762 105.200 6.173
202309 5.740 106.200 6.091
202312 5.898 106.800 6.224
202403 5.858 107.200 6.159
202406 5.607 108.200 5.840
202409 6.151 108.900 6.366
202412 5.976 110.700 6.084
202503 6.169 111.100 6.258
202506 6.048 111.700 6.102
202509 5.899 112.000 5.936
202512 5.671 113.000 5.656
202603 5.838 112.700 5.838

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

What does a Cyclically Adjusted PB Ratio of 2.54 mean?
SKY Perfect JSAT (FRA:SKM) has a Cyclically Adjusted PB Ratio of 2.54 as of Aug. 17, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on SKY Perfect JSAT and its competitors. This is 234% above median its historical median of 0.76. Over the past decade, SKY Perfect JSAT's Cyclically Adjusted PB Ratio has ranged from 0.54 to 4.94. According to the industry distribution chart, SKY Perfect JSAT ranks #552 out of 688 companies in the Media - Diversified industry, placing it in the top 80.2%.
Is SKY Perfect JSAT's Cyclically Adjusted PB Ratio too high?
SKY Perfect JSAT's current Cyclically Adjusted PB Ratio of 2.54 is 234% above median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 4.94. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 1.00. SKY Perfect JSAT's value of 2.54 is 154% above this industry median. Based on the distribution chart, SKY Perfect JSAT ranks #552 out of 688 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, SKY Perfect JSAT has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SKY Perfect JSAT's Cyclically Adjusted PB Ratio compare to NXST?
According to the Media - Diversified industry distribution chart, SKY Perfect JSAT ranks #552 out of 688 companies for Cyclically Adjusted PB Ratio. This places SKY Perfect JSAT in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. SKY Perfect JSAT's value of 2.54 is 154% above this benchmark. Historically, SKY Perfect JSAT's own Cyclically Adjusted PB Ratio has ranged from 0.54 to 4.94 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.00, SKY Perfect JSAT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 1.00, based on 688 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SKY Perfect JSAT's current Cyclically Adjusted PB Ratio of 2.54 is 154% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on SKY Perfect JSAT and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SKY Perfect JSAT's current Cyclically Adjusted PB Ratio is 2.54, which is 234% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SKY Perfect JSAT stock overvalued right now?
Based on GuruFocus' analysis, SKY Perfect JSAT (FRA:SKM) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.46, compared to a current price of €12.60 — trading 130.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.54, which is 234% above median its 10-year median of 0.76 and 154% above the Media - Diversified industry median of 1.00. SKY Perfect JSAT's overall GF Score™ is 74/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For SKY Perfect JSAT (FRA:SKM), the current Cyclically Adjusted PB Ratio is 2.54 as of Aug. 17, 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 SKY Perfect JSAT (FRA:SKM) Overvalued in 2026?

Based on GuruFocus' analysis, SKY Perfect JSAT stock appears to be overvalued. The current stock price of €12.60 is trading 130.8% above its estimated GF Value™ of €5.46. GuruFocus considers SKY Perfect JSAT to be Significantly Overvalued.

Key valuation signals for FRA:SKM:

  • Cyclically Adjusted PB Ratio: 2.54 (234% above median its 10-year median of 0.76)
  • GF Value™: €5.46 vs. price of €12.60 (130.8% above fair value)
  • GF Score™: 74/100
  • Industry Position: 154% above the Media - Diversified median (#552 of 688)

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


SKY Perfect JSAT Business Description

Address 1-8-1 Akasaka, Akasaka Intercity AIR, Minato-ku, Tokyo, JPN, 107-0052
SKY Perfect JSAT Corp is a Japan-based company engaged in providing broadcasting and communication services. The company consists of two operating divisions, which are Media Business and Space Business. The Media Business offers platform services such as customer management activities to broadcasting and streaming businesses and Fiber optic alliance, and others. While Space Business offers telecommunication business, space intelligence business, and others.
74GF Score

Get the complete analysis for FRA:SKM

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

€12.60
Price
€5.46
GF Value