Tokai Soft Co (NGO:4430) Cyclically Adjusted PB Ratio: 1.89 (As of Aug. 04, 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:4430 Tokai Soft Co Ltd NGO:4430
85 GF Score
Price 円943.00
GF Value 円1,124.76
! 1 Warning Sign
View Full Analysis

What is Tokai Soft Co Cyclically Adjusted PB Ratio?

Tokai Soft Co NGO:4430 85 Cyclically Adjusted PB Ratio is 1.89 as of Aug. 04, 2026. GuruFocus rates NGO:4430 with a GF Score™ of 85/100 and a GF Value™ of 円1,124.76. The stock has 1 warning sign investors should review. Among 1,573 Software companies, Tokai Soft Co ranks better than 56.83% on this metric.

As of today (2026-08-04), Tokai Soft Co's current share price is 円943.00. Tokai Soft Co's Cyclically Adjusted Book per Share for the fiscal year that ended in May26 was 円500.19. Tokai Soft Co's Cyclically Adjusted PB Ratio for today is 1.89.

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

NGO:4430' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 1.84
Current: 1.84

During the past 10 years, Tokai Soft Co's highest Cyclically Adjusted PB Ratio was 1.84. The lowest was 0.00. And the median was 0.00.

NGO:4430's Cyclically Adjusted PB Ratio is ranked better than
56.83% of 1573 companies
in the Software industry
Industry Median: 2.24 vs NGO:4430: 1.84

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.

Tokai Soft Co's adjusted book value per share data of for the fiscal year that ended in May26 was 円1,421.671. 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500.19 for the trailing ten years ended in May26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokai Soft Co  (NGO:4430) 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.


Tokai Soft Co Cyclically Adjusted PB Ratio Related Terms


Tokai Soft Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tokai Soft 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.

Tokai Soft Co Cyclically Adjusted PB Ratio Chart

Tokai Soft Co Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.89

Tokai Soft Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
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 0.00 0.00 0.00 0.00 1.89

NGO:4430 vs MSFT, ORCL, PLTR: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Tokai Soft 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.


Tokai Soft Co Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Tokai Soft Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NGO:4430
85GF Score
Tokai Soft Co Ltd NGO:4430
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokai Soft 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.

Tokai Soft Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=943.00/500.19
=1.89

* 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.

Tokai Soft Co's Cyclically Adjusted Book per Share for the fiscal year that ended in May26 is calculated as:

For example, Tokai Soft Co's adjusted Book Value per Share data for the fiscal year that ended in May26 was:

Adj_Book=Book Value per Share/CPI of May26 (Change)*Current CPI (May26)
=1421.671/113.5000*113.5000
=1,421.671

Current CPI (May26) = 113.5000.

Tokai Soft Co Annual Data

Book Value per Share CPI Adj_Book
201705 290.561 98.600 334.469
201805 333.697 99.300 381.416
201905 596.571 100.000 677.108
202005 705.133 100.100 799.526
202105 768.551 99.400 877.571
202205 860.546 101.800 959.450
202305 986.541 105.100 1,065.389
202405 1,112.037 108.100 1,167.587
202505 1,265.989 111.800 1,285.239
202605 1,421.671 113.500 1,421.671

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 1.89 mean?
Tokai Soft Co (NGO:4430) has a Cyclically Adjusted PB Ratio of 1.89 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 Tokai Soft Co and its competitors. According to the industry distribution chart, Tokai Soft Co ranks #679 out of 1573 companies in the Software industry, placing it in the top 43.2%.
Is Tokai Soft Co's Cyclically Adjusted PB Ratio too high?
Tokai Soft Co's current Cyclically Adjusted PB Ratio is 1.89. The Software industry median Cyclically Adjusted PB Ratio is 2.24. Tokai Soft Co's value of 1.89 is 15.6% below this industry median. Based on the distribution chart, Tokai Soft Co ranks #679 out of 1573 companies in the Software industry, which is above the industry midpoint. Overall, Tokai Soft Co has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Tokai Soft Co's Cyclically Adjusted PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Tokai Soft Co ranks #679 out of 1573 companies for Cyclically Adjusted PB Ratio. This puts Tokai Soft Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.24. Tokai Soft Co's value of 1.89 is 15.6% below this benchmark. 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.24, based on 1,573 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. Tokai Soft Co's current Cyclically Adjusted PB Ratio of 1.89 is 15.6% 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 Tokai Soft Co and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokai Soft Co's current Cyclically Adjusted PB Ratio is 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Soft Co stock overvalued right now?
Tokai Soft Co (NGO:4430) has a current Cyclically Adjusted PB Ratio of 1.89. The stock's GF Value™ is 円1,124.76, compared to a current price of 円943.00 — trading 16.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.89 and 15.6% below the Software industry median of 2.24. Tokai Soft Co's overall GF Score™ is 85/100 with 1 warning sign 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 Tokai Soft Co (NGO:4430), the current Cyclically Adjusted PB Ratio is 1.89 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 Tokai Soft Co (NGO:4430) Overvalued in 2026?

Based on GuruFocus' analysis, Tokai Soft Co stock appears to be undervalued. The current stock price of 円943.00 is trading 16.2% below its estimated GF Value™ of 円1,124.76.

Key valuation signals for NGO:4430:

  • Cyclically Adjusted PB Ratio: 1.89
  • GF Value™: 円1,124.76 vs. price of 円943.00 (16.2% below fair value)
  • GF Score™: 85/100 with 1 warning sign
  • Industry Position: 15.6% below the Software median (#679 of 1573)

No single metric tells the full story. See the NGO:4430 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokai Soft Co Business Description

Other Exchanges 4430:Japan
Address 2-16-1 Noritake, Nakamura-ku, Nagoya, JPN, 451-0043
Tokai Soft Co Ltd provides software solutions. The company is engaged in a wide range of businesses as an engineering company that combines technologies for total system construction, network and solution solutions, and support technologies that provide stable operation.
85GF Score

Get the complete analysis for NGO:4430

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

円943.00
Price
円1,124.76
GF Value