Shift (SFTTF) Cyclically Adjusted PB Ratio: 9.35 (As of Aug. 14, 2026) — 52% Below Median

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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.

SFTTF Shift Inc SFTTF
83 GF Score
Price $6.36
GF Value $12.60
! 1 Warning Sign
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What is Shift Cyclically Adjusted PB Ratio?

Shift SFTTF 83 Cyclically Adjusted PB Ratio is 9.35 as of Aug. 14, 2026, which is 52% below its 10-year median of 19.57. GuruFocus rates SFTTF with a GF Score™ of 83/100 and a GF Value™ of $12.60. The stock has 1 warning sign investors should review. Among 1,552 Software companies, Shift ranks worse than 92.78% on this metric.

As of today (2026-08-14), Shift's current share price is $6.35933. Shift's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was $0.68. Shift's Cyclically Adjusted PB Ratio for today is 9.35.

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

SFTTF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.25   Med: 19.57   Max: 38.68
Current: 11.99

During the past years, Shift's highest Cyclically Adjusted PB Ratio was 38.68. The lowest was 8.25. And the median was 19.57.

SFTTF's Cyclically Adjusted PB Ratio is ranked worse than
92.78% of 1552 companies
in the Software industry
Industry Median: 2.315 vs SFTTF: 11.99

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.

Shift's adjusted book value per share data for the three months ended in Feb. 2026 was $0.973. 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 $0.68 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shift  (OTCPK:SFTTF) 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.


Shift Cyclically Adjusted PB Ratio Related Terms


Shift Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shift'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.

Shift Cyclically Adjusted PB Ratio Chart

Shift Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 17.42 22.73

Shift Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 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 26.38 22.73 13.49 9.39 0.00

SFTTF vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Shift'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.


Shift Cyclically Adjusted PB Ratio vs Software Industry

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

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


SFTTF
83GF Score
Shift Inc SFTTF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shift 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.

Shift's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.35933/0.68
=9.35

* 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.

Shift's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=0.973/112.2000*112.2000
=0.973

Current CPI (Feb. 2026) = 112.2000.

Shift Quarterly Data

Book Value per Share CPI Adj_Book
201605 0.070 98.200 0.080
201608 0.080 97.900 0.092
201611 0.075 98.600 0.085
201702 0.073 98.100 0.083
201705 0.073 98.600 0.083
201708 0.081 98.500 0.092
201711 0.086 99.100 0.097
201802 0.097 99.500 0.109
201805 0.105 99.300 0.119
201808 0.096 99.800 0.108
201811 0.102 100.000 0.114
201902 0.113 99.700 0.127
201905 0.225 100.000 0.252
201908 0.346 100.000 0.388
201911 0.352 100.500 0.393
202002 0.361 100.300 0.404
202005 0.392 100.100 0.439
202008 0.416 100.100 0.466
202011 0.757 99.500 0.854
202102 0.735 99.800 0.826
202105 0.743 99.400 0.839
202108 0.776 99.700 0.873
202111 0.717 100.100 0.804
202202 0.754 100.700 0.840
202205 0.706 101.800 0.778
202208 0.717 102.700 0.783
202211 0.713 103.900 0.770
202302 0.793 104.000 0.856
202305 0.761 105.100 0.812
202308 0.763 105.900 0.808
202311 0.765 106.900 0.803
202402 0.810 106.900 0.850
202405 0.787 108.100 0.817
202408 0.881 109.100 0.906
202411 0.868 110.000 0.885
202502 0.906 110.800 0.917
202505 1.005 111.800 1.009
202508 1.057 112.100 1.058
202511 1.049 113.200 1.040
202602 0.973 112.200 0.973

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 9.35 mean?
Shift (SFTTF) has a Cyclically Adjusted PB Ratio of 9.35 as of Aug. 14, 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 Shift and its competitors. This is 52% below median its historical median of 19.57. Over the past decade, Shift's Cyclically Adjusted PB Ratio has ranged from 8.25 to 38.68. According to the industry distribution chart, Shift ranks #1440 out of 1552 companies in the Software industry, placing it in the top 92.8%.
Is Shift's Cyclically Adjusted PB Ratio too high?
Shift's current Cyclically Adjusted PB Ratio of 9.35 is 52% below median its 10-year median of 19.57. Over the past 10 years, this metric has ranged from a low of 8.25 to a high of 38.68. The Software industry median Cyclically Adjusted PB Ratio is 2.32. Shift's value of 9.35 is 303.9% above this industry median. Based on the distribution chart, Shift ranks #1440 out of 1552 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Shift has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Shift's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Shift ranks #1440 out of 1552 companies for Cyclically Adjusted PB Ratio. This places Shift in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.32. Shift's value of 9.35 is 303.9% above this benchmark. Historically, Shift's own Cyclically Adjusted PB Ratio has ranged from 8.25 to 38.68 over the past decade. While the company's 10-year median is 19.57 vs. the industry median of 2.32, Shift 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.32, based on 1,552 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. Shift's current Cyclically Adjusted PB Ratio of 9.35 is 303.9% 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 Shift and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shift's current Cyclically Adjusted PB Ratio is 9.35, which is 52% below median its own 10-year median of 19.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shift stock overvalued right now?
Shift (SFTTF) has a current Cyclically Adjusted PB Ratio of 9.35. The stock's GF Value™ is $12.60, compared to a current price of $6.36 — trading 49.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 9.35, which is 52% below median its 10-year median of 19.57 and 303.9% above the Software industry median of 2.32. Shift's overall GF Score™ is 83/100 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 Shift (SFTTF), the current Cyclically Adjusted PB Ratio is 9.35 as of Aug. 14, 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 Shift (SFTTF) Overvalued in 2026?

Based on GuruFocus' analysis, Shift stock appears to be undervalued. The current stock price of $6.36 is trading 49.5% below its estimated GF Value™ of $12.60.

Key valuation signals for SFTTF:

  • Cyclically Adjusted PB Ratio: 9.35 (52% below median its 10-year median of 19.57)
  • GF Value™: $12.60 vs. price of $6.36 (49.5% below fair value)
  • GF Score™: 83/100 with 1 warning sign
  • Industry Position: 303.9% above the Software median (#1440 of 1552)

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


Shift Business Description

Other Exchanges 3697:Japan7CZ:Germany
Address MASONIC 39 MT BUILDING, 2-4-5 Azabudai, Minato-ku, Tokyo, JPN, 106-0041
Shift Inc provides software testing services. The company's solutions include Test Design that takes into consideration of usability for the next project, and its seasoned test engineers provide support to test design such as building standard confirmation item. Test Run helps the customers to choose onsite or off-site implementation in accordance with the environment. MinTest is a website where people report bugs of social games and applications. It also provides other services such as CAT, Non-Functional Testing, Localization, and others related services.
83GF Score

Get the complete analysis for SFTTF

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

$6.36
Price
$12.60
GF Value