Gaiax Co (NGO:3775) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

NGO:3775 Gaiax Co Ltd NGO:3775
62 GF Score
Price 円437.00
GF Value 円513.40
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Gaiax Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gaiax Co  (NGO:3775) 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.


Gaiax Co Cyclically Adjusted PB Ratio Related Terms


Gaiax Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gaiax Co'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.

Gaiax Co Cyclically Adjusted PB Ratio Chart

Gaiax Co 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 1.73 1.42 1.13 2.34 1.38

Gaiax Co 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 1.35 1.39 1.23 1.23 1.39

NGO:3775 vs GOOGL, META, SPOT: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Gaiax Co'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.


Gaiax Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Gaiax Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NGO:3775
62GF Score
Gaiax Co Ltd NGO:3775
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gaiax Co 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.

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

For example, Gaiax Co'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)
=255.203/113.6000*113.6000
=255.203

Current CPI (Jun. 2026) = 113.6000.

Gaiax Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 449.723 98.000 521.312
201612 340.191 98.400 392.741
201703 283.840 98.100 328.687
201706 224.768 98.500 259.225
201709 175.666 98.800 201.980
201712 179.324 99.400 204.942
201803 260.641 99.200 298.476
201806 280.146 99.200 320.812
201809 291.629 99.900 331.622
201812 255.971 99.700 291.658
201903 249.774 99.700 284.597
201906 221.011 99.800 251.572
201909 210.176 100.100 238.521
201912 205.236 100.500 231.988
202003 377.056 100.300 427.054
202006 528.129 99.900 600.555
202009 490.316 99.900 557.557
202012 362.644 99.300 414.868
202103 375.263 99.900 426.725
202106 337.678 99.500 385.530
202109 323.388 100.100 367.002
202112 358.183 100.100 406.489
202203 306.973 101.100 344.927
202206 339.875 101.800 379.271
202209 305.940 103.100 337.098
202212 260.899 104.100 284.708
202303 266.046 104.400 289.491
202306 281.224 105.200 303.679
202309 282.022 106.200 301.673
202312 260.891 106.800 277.502
202403 258.769 107.200 274.218
202406 238.364 108.200 250.260
202409 284.144 108.900 296.407
202412 247.814 110.700 254.306
202503 239.264 111.100 244.648
202506 248.106 111.700 252.326
202509 252.591 112.000 256.199
202512 253.144 113.000 254.488
202603 257.381 112.700 259.436
202606 255.203 113.600 255.203

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 Gaiax Co (NGO:3775) Overvalued in 2026?

Based on GuruFocus' analysis, Gaiax Co stock appears to be undervalued. The current stock price of 円437.00 is trading 14.9% below its estimated GF Value™ of 円513.40. GuruFocus considers Gaiax Co to be Modestly Undervalued.

Key valuation signals for NGO:3775:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円513.40 vs. price of 円437.00 (14.9% below fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the NGO:3775 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gaiax Co Business Description

Address 2-5-3 Hirakawacho Nagatacho GRID, Chiyoda-ku, Tokyo, JPN, 102-0093
Gaiax Co Ltd engages in planning, developing, and managing social community sites. The company offers Web integration services, including planning, creation, and management of online communities represented by blog and SNS sites. It invests in internal and external sharing economy services born by the penetration of social media. It provides its services like planning and construction of social media to enterprises, municipalities, educational institutions, and operation. The two reportable segments of the company are Service Business and Incubation Business.
62GF Score

Get the complete analysis for NGO:3775

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

円437.00
Price
円513.40
GF Value