Gaiax Co (NGO:3775) Cyclically Adjusted PB Ratio: 1.28 (As of Aug. 04, 2026) — 20% Below Median

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NGO:3775 Gaiax Co Ltd NGO:3775
60 GF Score
Price 円448.00
GF Value 円607.00
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Gaiax Co Cyclically Adjusted PB Ratio?

Gaiax Co NGO:3775 60 Cyclically Adjusted PB Ratio is 1.28 as of Aug. 04, 2026, which is 20% below its 10-year median of 1.60. GuruFocus rates NGO:3775 with a GF Score™ of 60/100 and a GF Value™ of 円607.00 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 347 Interactive Media companies, Gaiax Co ranks better than 53.89% on this metric.

As of today (2026-08-04), Gaiax Co's current share price is 円448.00. Gaiax Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円351.06. Gaiax Co's Cyclically Adjusted PB Ratio for today is 1.28.

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

NGO:3775' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.95   Med: 1.6   Max: 3.3
Current: 1.27

During the past years, Gaiax Co's highest Cyclically Adjusted PB Ratio was 3.30. The lowest was 0.95. And the median was 1.60.

NGO:3775's Cyclically Adjusted PB Ratio is ranked better than
53.89% of 347 companies
in the Interactive Media industry
Industry Median: 1.45 vs NGO:3775: 1.27

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.

Gaiax Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円252.295. 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 円351.06 for the trailing ten years ended in Dec. 2025.

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 1.72 1.44 1.12 2.27 1.18

Gaiax Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 1.17 1.34 1.38 1.18 0.00

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
60GF 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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=448.00/351.06
=1.28

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Gaiax Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=252.295/113.0000*113.0000
=252.295

Current CPI (Dec. 2025) = 113.0000.

Gaiax Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 701.655 98.100 808.226
201603 603.902 97.900 697.047
201606 488.622 98.100 562.837
201609 451.824 98.000 520.981
201612 340.109 98.400 390.572
201703 283.756 98.100 326.855
201706 224.676 98.500 257.750
201709 175.572 98.800 200.806
201712 177.651 99.400 201.957
201803 260.658 99.200 296.919
201806 281.800 99.200 321.002
201809 300.099 99.900 339.451
201812 255.974 99.700 290.121
201903 249.776 99.700 283.096
201906 221.013 99.800 250.245
201909 210.178 100.100 237.264
201912 205.238 100.500 230.765
202003 377.060 100.300 424.803
202006 528.135 99.900 597.390
202009 490.322 99.900 554.618
202012 362.648 99.300 412.681
202103 375.268 99.900 424.477
202106 332.835 99.500 377.994
202109 318.416 100.100 359.451
202112 354.458 100.100 400.137
202203 304.468 101.100 340.305
202206 338.309 101.800 375.530
202209 305.294 103.100 334.609
202212 260.886 104.100 283.190
202303 266.034 104.400 287.949
202306 281.210 105.200 302.060
202309 282.009 106.200 300.066
202312 260.878 106.800 276.023
202403 258.721 107.200 272.719
202406 238.279 108.200 248.850
202412 247.800 110.700 252.949
202503 239.250 111.100 243.342
202506 248.092 111.700 250.979
202509 252.030 112.000 254.280
202512 252.295 113.000 252.295

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 1.28 mean?
Gaiax Co (NGO:3775) has a Cyclically Adjusted PB Ratio of 1.28 as of Aug. 04, 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 Gaiax Co and its competitors. This is 20% below median its historical median of 1.60. Over the past decade, Gaiax Co's Cyclically Adjusted PB Ratio has ranged from 0.95 to 3.30. According to the industry distribution chart, Gaiax Co ranks #160 out of 347 companies in the Interactive Media industry, placing it in the top 46.1%.
Is Gaiax Co's Cyclically Adjusted PB Ratio too high?
Gaiax Co's current Cyclically Adjusted PB Ratio of 1.28 is 20% below median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 3.30. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.45. Gaiax Co's value of 1.28 is 11.7% below this industry median. Based on the distribution chart, Gaiax Co ranks #160 out of 347 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Gaiax Co has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gaiax Co's Cyclically Adjusted PB Ratio compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Gaiax Co ranks #160 out of 347 companies for Cyclically Adjusted PB Ratio. This puts Gaiax Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.45. Gaiax Co's value of 1.28 is 11.7% below this benchmark. Historically, Gaiax Co's own Cyclically Adjusted PB Ratio has ranged from 0.95 to 3.30 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 1.45, Gaiax Co has consistently been below 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.45, based on 347 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. Gaiax Co's current Cyclically Adjusted PB Ratio of 1.28 is 11.7% below 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 Gaiax Co and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gaiax Co's current Cyclically Adjusted PB Ratio is 1.28, which is 20% below median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gaiax Co stock overvalued right now?
Based on GuruFocus' analysis, Gaiax Co (NGO:3775) is currently considered Modestly Undervalued. The stock's GF Value™ is 円607.00, compared to a current price of 円448.00 — trading 26.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.28, which is 20% below median its 10-year median of 1.60 and 11.7% below the Interactive Media industry median of 1.45. Gaiax Co's overall GF Score™ is 60/100 with 3 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 Gaiax Co (NGO:3775), the current Cyclically Adjusted PB Ratio is 1.28 as of Aug. 04, 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 Gaiax Co (NGO:3775) Overvalued in 2026?

Based on GuruFocus' analysis, Gaiax Co stock appears to be undervalued. The current stock price of 円448.00 is trading 26.2% below its estimated GF Value™ of 円607.00. GuruFocus considers Gaiax Co to be Modestly Undervalued.

Key valuation signals for NGO:3775:

  • Cyclically Adjusted PB Ratio: 1.28 (20% below median its 10-year median of 1.60)
  • GF Value™: 円607.00 vs. price of 円448.00 (26.2% below fair value)
  • GF Score™: 60/100 with 3 warning signs
  • Industry Position: 11.7% below the Interactive Media median (#160 of 347)

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.
60GF 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448.00
Price
円607.00
GF Value