Future Innovation Group (FSE:4392) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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.
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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.

FSE:4392 Future Innovation Group Inc FSE:4392
56 GF Score
Price 円1,628.00
GF Value 円429.44
! 1 Warning Sign
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What is Future Innovation Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Future Innovation Group  (FSE:4392) 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.


Future Innovation Group Cyclically Adjusted PB Ratio Related Terms


Future Innovation Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Future Innovation Group'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.

Future Innovation Group Cyclically Adjusted PB Ratio Chart

Future Innovation Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.83

Future Innovation Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.86 0.86 0.83 0.84 4.93

FSE:4392 vs CSCO, MSI, LITE: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, Future Innovation Group'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.


Future Innovation Group Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Future Innovation Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FSE:4392
56GF Score
Future Innovation Group Inc FSE:4392
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Future Innovation Group 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.

Future Innovation Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Future Innovation Group's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=324.632/113.6000*113.6000
=324.632

Current CPI (Jun. 2026) = 113.6000.

Future Innovation Group Quarterly Data

Book Value per Share CPI Adj_Book
201511 190.945 98.100 221.115
201602 187.503 97.800 217.795
201703 315.804 98.100 365.702
201706 315.634 98.500 364.021
201709 315.815 98.800 363.123
201712 332.650 99.400 380.171
201803 330.100 99.200 378.018
201806 331.841 99.200 380.011
201809 278.043 99.900 316.173
201812 277.329 99.700 315.994
201903 279.584 99.700 318.563
201906 277.370 99.800 315.724
201909 275.732 100.100 312.919
201912 278.176 100.500 314.436
202003 268.508 100.300 304.113
202006 266.562 99.900 303.118
202009 264.346 99.900 300.598
202012 284.952 99.300 325.987
202103 286.598 99.900 325.901
202106 299.716 99.500 342.188
202109 298.144 100.100 338.353
202112 303.442 100.100 344.366
202203 306.586 101.100 344.492
202206 309.544 101.800 345.424
202209 313.219 103.100 345.118
202212 322.752 104.100 352.206
202303 316.635 104.400 344.538
202306 325.041 105.200 350.995
202309 326.998 106.200 349.783
202312 317.984 106.800 338.230
202403 325.142 107.200 344.553
202406 327.145 108.200 343.472
202409 325.955 108.900 340.023
202412 270.098 110.700 277.174
202503 269.040 111.100 275.094
202506 276.516 111.700 281.219
202509 284.549 112.000 288.614
202512 291.792 113.000 293.341
202603 292.583 112.700 294.920
202606 324.632 113.600 324.632

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.

Is Future Innovation Group (FSE:4392) Overvalued in 2026?

Based on GuruFocus' analysis, Future Innovation Group stock appears to be overvalued. The current stock price of 円1,628.00 is trading 279.1% above its estimated GF Value™ of 円429.44.

Key valuation signals for FSE:4392:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円429.44 vs. price of 円1,628.00 (279.1% above fair value)
  • GF Score™: 56/100 with 1 warning sign

No single metric tells the full story. See the FSE:4392 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Future Innovation Group Business Description

Other Exchanges 4392:Japan
Address 2-5-60, Higashiomichi, Oita-shi, Oita, JPN, 870-0823
Future Innovation Group Inc is engaged in the sale and development of a mobile management system, accompanied by the communication, application services, and maintenance support. The company is also engaged in the management of business subsidiaries and all incidentals or any businesses related to sale and manufacturing of automobile mounting related equipment and manufacturing of molds for the semiconductor.
56GF Score

Get the complete analysis for FSE:4392

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

円1,628.00
Price
円429.44
GF Value