GMYOY (GMO Internet group) Cyclically Adjusted PB Ratio: 4.81 (As of Aug. 24, 2026) — 27% Below 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.

GMYOY GMO Internet group Inc GMYOY
70 GF Score
Price $31.48
GF Value $21.17
! 6 Warning Signs
View Full Analysis

What is GMO Internet group Cyclically Adjusted PB Ratio?

GMO Internet group GMYOY -7.87% 70 Cyclically Adjusted PB Ratio is 4.81 as of Aug. 24, 2026, which is 27% below its 10-year median of 6.62. GuruFocus rates GMYOY with a GF Score™ of 70/100 and a GF Value™ of $21.17. The stock has 6 warning signs investors should review. Among 287 Telecommunication Services companies, GMO Internet group ranks worse than 90.94% on this metric.

As of today (2026-08-24), GMO Internet group's current share price is $31.48. GMO Internet group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $6.54. GMO Internet group's Cyclically Adjusted PB Ratio for today is 4.81.

The historical rank and industry rank for GMO Internet group's Cyclically Adjusted PB Ratio or its related term are showing as below:

GMYOY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.06   Med: 6.62   Max: 14.49
Current: 5.84

During the past years, GMO Internet group's highest Cyclically Adjusted PB Ratio was 14.49. The lowest was 4.06. And the median was 6.62.

GMYOY's Cyclically Adjusted PB Ratio is ranked worse than
90.94% of 287 companies
in the Telecommunication Services industry
Industry Median: 1.79 vs GMYOY: 5.84

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.

GMO Internet group's adjusted book value per share data for the three months ended in Jun. 2026 was $19.893. 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 $6.54 for the trailing ten years ended in Jun. 2026.

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 5.21 4.71 6.11

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 6.01 5.86 6.11 4.35 4.81

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
70GF Score
GMO Internet group Inc GMYOY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.48/6.54
=4.81

* 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'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)
=19.893/113.6000*113.6000
=19.893

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 19.893 113.600 19.893

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 4.81 mean?
GMO Internet group (GMYOY) has a Cyclically Adjusted PB Ratio of 4.81 as of Aug. 24, 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 GMO Internet group and its competitors. This is 27% below median its historical median of 6.62. Over the past decade, GMO Internet group's Cyclically Adjusted PB Ratio has ranged from 4.06 to 14.49. According to the industry distribution chart, GMO Internet group ranks #261 out of 287 companies in the Telecommunication Services industry, placing it in the top 90.9%.
Is GMO Internet group's Cyclically Adjusted PB Ratio too high?
GMO Internet group's current Cyclically Adjusted PB Ratio of 4.81 is 27% below median its 10-year median of 6.62. Over the past 10 years, this metric has ranged from a low of 4.06 to a high of 14.49. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.79. GMO Internet group's value of 4.81 is 168.7% above this industry median. Based on the distribution chart, GMO Internet group ranks #261 out of 287 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, GMO Internet group has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does GMO Internet group's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, GMO Internet group ranks #261 out of 287 companies for Cyclically Adjusted PB Ratio. This places GMO Internet group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. GMO Internet group's value of 4.81 is 168.7% above this benchmark. Historically, GMO Internet group's own Cyclically Adjusted PB Ratio has ranged from 4.06 to 14.49 over the past decade. While the company's 10-year median is 6.62 vs. the industry median of 1.79, GMO Internet group 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 Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.79, based on 287 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. GMO Internet group's current Cyclically Adjusted PB Ratio of 4.81 is 168.7% 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 GMO Internet group and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GMO Internet group's current Cyclically Adjusted PB Ratio is 4.81, which is 27% below median its own 10-year median of 6.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GMO Internet group stock overvalued right now?
GMO Internet group (GMYOY) has a current Cyclically Adjusted PB Ratio of 4.81. The stock's GF Value™ is $21.17, compared to a current price of $31.48 — trading 48.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.81, which is 27% below median its 10-year median of 6.62 and 168.7% above the Telecommunication Services industry median of 1.79. GMO Internet group's overall GF Score™ is 70/100 with 6 warning signs to review. 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 GMO Internet group (GMYOY), the current Cyclically Adjusted PB Ratio is 4.81 as of Aug. 24, 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 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 48.7% above its estimated GF Value™ of $21.17.

Key valuation signals for GMYOY:

  • Cyclically Adjusted PB Ratio: 4.81 (27% below median its 10-year median of 6.62)
  • GF Value™: $21.17 vs. price of $31.48 (48.7% above fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 168.7% above the Telecommunication Services median (#261 of 287)

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.
70GF 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
$21.17
GF Value