GMYOY (GMO Internet group) Cyclically Adjusted PB Ratio: (As of Aug. 14, 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.
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.

GMYOY GMO Internet group Inc GMYOY
76 GF Score
Price $31.48
GF Value $24.84
! 8 Warning Signs
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What is GMO Internet group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GMO Internet group  (OTCPK:GMYOY) 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.


GMO Internet group Cyclically Adjusted PB Ratio Related Terms


GMO Internet group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GMO Internet 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.

GMO Internet group Cyclically Adjusted PB Ratio Chart

GMO Internet 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 7.54 5.79 5.22 4.73 6.16

GMO Internet 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 6.04 5.89 6.16 0.00 0.00

GMYOY vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, GMO Internet 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.


GMO Internet group Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, GMO Internet group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


GMYOY
76GF Score
GMO Internet group Inc GMYOY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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GMO Internet 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.

GMO Internet group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, GMO Internet 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)
=19.473/113.6000*113.6000
=19.473

Current CPI (Jun. 2026) = 113.6000.

GMO Internet group Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.490 98.000 7.523
201612 5.890 98.400 6.800
201703 6.106 98.100 7.071
201706 6.266 98.500 7.227
201709 6.300 98.800 7.244
201712 6.735 99.400 7.697
201803 7.367 99.200 8.436
201806 7.520 99.200 8.612
201809 7.538 99.900 8.572
201812 8.131 99.700 9.265
201903 8.301 99.700 9.458
201906 8.280 99.800 9.425
201909 8.637 100.100 9.802
201912 8.719 100.500 9.856
202003 8.921 100.300 10.104
202006 7.928 99.900 9.015
202009 8.367 99.900 9.514
202012 8.990 99.300 10.285
202103 10.544 99.900 11.990
202106 11.654 99.500 13.305
202109 12.043 100.100 13.667
202112 11.797 100.100 13.388
202203 11.103 101.100 12.476
202206 11.043 101.800 12.323
202209 9.711 103.100 10.700
202212 10.031 104.100 10.946
202303 10.583 104.400 11.516
202306 10.566 105.200 11.410
202309 10.430 106.200 11.157
202312 11.445 106.800 12.174
202403 10.908 107.200 11.559
202406 10.645 108.200 11.176
202409 11.169 108.900 11.651
202412 11.641 110.700 11.946
202503 10.833 111.100 11.077
202506 11.777 111.700 11.977
202509 13.173 112.000 13.361
202512 14.245 113.000 14.321
202603 14.310 112.700 14.424
202606 19.473 113.600 19.473

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 GMO Internet group (GMYOY) Overvalued in 2026?

Based on GuruFocus' analysis, GMO Internet group stock appears to be overvalued. The current stock price of $31.48 is trading 26.7% above its estimated GF Value™ of $24.84.

Key valuation signals for GMYOY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $24.84 vs. price of $31.48 (26.7% above fair value)
  • GF Score™: 76/100 with 8 warning signs

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


GMO Internet group Business Description

Address 26-1 Sakuragaokacho, Cerulean Tower 4th-14th floors, Shibuya ku, Tokyo, JPN
GMO Internet group Inc operates through main segment namely, Internet infrastructure business, Internet advertising and media, Internet securities, Internet financial services and Cryptocurrency. Internet infrastructure, the key segment, provides basic Internet services, such as domain hosting and e-commerce payments. Online advertising and media segment provides marketing services for online businesses. The Internet securities division provides consumer financial services, and the Cryptocurrency segment operates business pertaining to mining and exchange of cryptocurrency. The company generates the vast majority of revenue in Japan.
76GF Score

Get the complete analysis for GMYOY

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

$31.48
Price
$24.84
GF Value