SFTBY (SoftBank Group) Cyclically Adjusted PB Ratio: 3.85 (As of Jul. 21, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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SFTBY SoftBank Group Corp SFTBY
67 GF Score
Price $18.16
GF Value $8.80
Valuation Significantly Overvalued
! 5 Warning Signs
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What is SoftBank Group Cyclically Adjusted PB Ratio?

SoftBank Group SFTBY +6.20% 67 Cyclically Adjusted PB Ratio is 3.85 as of Jul. 21, 2026, which is 8% above its 10-year median of 3.57. GuruFocus rates SFTBY with a GF Score™ of 67/100 and a GF Value™ of $8.80 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 289 Telecommunication Services companies, SoftBank Group ranks worse than 80.62% on this metric.

As of today (2026-07-21), SoftBank Group's current share price is $18.16. SoftBank Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.72. SoftBank Group's Cyclically Adjusted PB Ratio for today is 3.85.

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

SFTBY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 3.57   Max: 7.42
Current: 3.91

During the past years, SoftBank Group's highest Cyclically Adjusted PB Ratio was 7.42. The lowest was 1.46. And the median was 3.57.

SFTBY's Cyclically Adjusted PB Ratio is ranked worse than
80.62% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.79 vs SFTBY: 3.91

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.

SoftBank Group's adjusted book value per share data for the three months ended in Mar. 2026 was $9.743. 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 $4.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SoftBank Group  (OTCPK:SFTBY) 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.


SoftBank Group Cyclically Adjusted PB Ratio Related Terms


SoftBank Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SoftBank 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.

SoftBank Group Cyclically Adjusted PB Ratio Chart

SoftBank Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.24 1.65 2.33 1.64 2.56

SoftBank Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.64 2.21 3.74 3.33 2.56

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

For the Telecom Services subindustry, SoftBank 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.


SoftBank Group Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


SFTBY
67GF Score
SoftBank Group Corp SFTBY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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SoftBank 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.

SoftBank Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.16/4.72
=3.85

* 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.

SoftBank Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, SoftBank Group's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=9.743/112.7000*112.7000
=9.743

Current CPI (Mar. 2026) = 112.7000.

SoftBank Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.265 98.100 1.453
201609 1.292 98.000 1.486
201612 1.532 98.400 1.755
201703 1.822 98.100 2.093
201706 1.952 98.500 2.233
201709 2.365 98.800 2.698
201712 2.797 99.400 3.171
201803 2.804 99.200 3.186
201806 2.966 99.200 3.370
201809 3.247 99.900 3.663
201812 4.046 99.700 4.574
201903 4.067 99.700 4.597
201906 4.574 99.800 5.165
201909 4.104 100.100 4.621
201912 4.261 100.500 4.778
202003 3.320 100.300 3.730
202006 3.899 99.900 4.399
202009 4.600 99.900 5.189
202012 5.097 99.300 5.785
202103 6.756 99.900 7.622
202106 7.108 99.500 8.051
202109 6.985 100.100 7.864
202112 7.171 100.100 8.074
202203 6.386 101.100 7.119
202206 5.023 101.800 5.561
202209 6.682 103.100 7.304
202212 5.707 104.100 6.178
202303 5.772 104.400 6.231
202306 5.910 105.200 6.331
202309 5.632 106.200 5.977
202312 5.790 106.800 6.110
202403 6.353 107.200 6.679
202406 0.000 108.200 0.000
202409 6.494 108.900 6.721
202412 6.895 110.700 7.020
202503 6.744 111.100 6.841
202506 6.803 111.700 6.864
202509 8.479 112.000 8.532
202512 8.800 113.000 8.777
202603 9.743 112.700 9.743

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 3.85 mean?
SoftBank Group (SFTBY) has a Cyclically Adjusted PB Ratio of 3.85 as of Jul. 21, 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 SoftBank Group and its competitors. This is near median its historical median of 3.57. Over the past decade, SoftBank Group's Cyclically Adjusted PB Ratio has ranged from 1.46 to 7.42. According to the industry distribution chart, SoftBank Group ranks #233 out of 289 companies in the Telecommunication Services industry, placing it in the top 80.6%.
Is SoftBank Group's Cyclically Adjusted PB Ratio too high?
SoftBank Group's current Cyclically Adjusted PB Ratio of 3.85 is near median its 10-year median of 3.57. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 7.42. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.79. SoftBank Group's value of 3.85 is 115.1% above this industry median. Based on the distribution chart, SoftBank Group ranks #233 out of 289 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, SoftBank Group has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SoftBank Group's Cyclically Adjusted PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, SoftBank Group ranks #233 out of 289 companies for Cyclically Adjusted PB Ratio. This places SoftBank Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. SoftBank Group's value of 3.85 is 115.1% above this benchmark. Historically, SoftBank Group's own Cyclically Adjusted PB Ratio has ranged from 1.46 to 7.42 over the past decade. While the company's 10-year median is 3.57 vs. the industry median of 1.79, SoftBank 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 289 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. SoftBank Group's current Cyclically Adjusted PB Ratio of 3.85 is 115.1% 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 SoftBank 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. SoftBank Group's current Cyclically Adjusted PB Ratio is 3.85, which is near median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SoftBank Group stock overvalued right now?
Based on GuruFocus' analysis, SoftBank Group (SFTBY) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.80, compared to a current price of $18.16 — trading 106.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.85, which is near median its 10-year median of 3.57 and 115.1% above the Telecommunication Services industry median of 1.79. SoftBank Group's overall GF Score™ is 67/100 with 5 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 SoftBank Group (SFTBY), the current Cyclically Adjusted PB Ratio is 3.85 as of Jul. 21, 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 SoftBank Group (SFTBY) Overvalued in 2026?

Based on GuruFocus' analysis, SoftBank Group stock appears to be overvalued. The current stock price of $18.16 is trading 106.4% above its estimated GF Value™ of $8.80. GuruFocus considers SoftBank Group to be Significantly Overvalued.

Key valuation signals for SFTBY:

  • Cyclically Adjusted PB Ratio: 3.85 (near median its 10-year median of 3.57)
  • GF Value™: $8.80 vs. price of $18.16 (106.4% above fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 115.1% above the Telecommunication Services median (#233 of 289)

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


SoftBank Group Business Description

Address Kaigan 1-7-1, Minato-ku, Tokyo, JPN, 105-7537
SoftBank is a Japan-based telecom and e-commerce conglomerate that has expanded mainly through acquisitions, and its key assets include a 40%-owned mobile and fixed broadband telecom operator business in Japan. It also owns 90% of semiconductor chip designer Arm Holdings following the 2023 IPO of this business, and has a vast portfolio of mainly internet- and e-commerce-focused early-stage investments. It is also a general partner of the USD 100 billion SoftBank Vision Fund 1 and sole investor in SoftBank Vision Fund 2, both of which primarily invest in pre-IPO internet and AI companies. Recently, it has begun investing in OpenAI.
67GF Score

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

$18.16
Price
$8.80
GF Value