TISI (TISNF) Cyclically Adjusted PB Ratio: 2.85 (As of Jul. 16, 2026) — 16% 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.

TISNF TISI Inc TISNF
93 GF Score
Price $20.00
GF Value $24.55
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What is TISI Cyclically Adjusted PB Ratio?

TISI TISNF 93 Cyclically Adjusted PB Ratio is 2.85 as of Jul. 16, 2026, which is 16% below its 10-year median of 3.41. GuruFocus rates TISNF with a GF Score™ of 93/100 and a GF Value™ of $24.55. Among 1,597 Software companies, TISI ranks worse than 57.73% on this metric.

As of today (2026-07-16), TISI's current share price is $20.00. TISI's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $7.02. TISI's Cyclically Adjusted PB Ratio for today is 2.85.

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

TISNF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.04   Med: 3.41   Max: 5.07
Current: 2.91

During the past years, TISI's highest Cyclically Adjusted PB Ratio was 5.07. The lowest was 2.04. And the median was 3.41.

TISNF's Cyclically Adjusted PB Ratio is ranked worse than
57.73% of 1597 companies
in the Software industry
Industry Median: 2.31 vs TISNF: 2.91

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.

TISI's adjusted book value per share data for the three months ended in Mar. 2026 was $9.299. 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 $7.02 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TISI  (OTCPK:TISNF) 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.


TISI Cyclically Adjusted PB Ratio Related Terms


TISI Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TISI'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.

TISI Cyclically Adjusted PB Ratio Chart

TISI 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 3.52 3.88 3.31 3.78 2.85

TISI 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 3.78 4.33 4.29 4.51 2.85

TISNF vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, TISI'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.


TISI Cyclically Adjusted PB Ratio vs Software Industry

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

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


TISNF
93GF Score
TISI Inc TISNF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TISI 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.00/7.02
=2.85

* 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.

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

For example, TISI'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)
=9.299/112.7000*112.7000
=9.299

Current CPI (Mar. 2026) = 112.7000.

TISI Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.398 98.100 7.350
201609 6.773 98.000 7.789
201612 6.153 98.400 7.047
201703 6.689 98.100 7.685
201706 6.884 98.500 7.876
201709 7.222 98.800 8.238
201712 7.393 99.400 8.382
201803 8.179 99.200 9.292
201806 7.988 99.200 9.075
201809 7.911 99.900 8.925
201812 7.666 99.700 8.666
201903 8.157 99.700 9.221
201906 8.494 99.800 9.592
201909 8.559 100.100 9.636
201912 8.847 100.500 9.921
202003 8.948 100.300 10.054
202006 9.052 99.900 10.212
202009 9.447 99.900 10.657
202012 9.838 99.300 11.166
202103 9.923 99.900 11.194
202106 10.005 99.500 11.332
202109 10.336 100.100 11.637
202112 10.616 100.100 11.952
202203 9.897 101.100 11.033
202206 8.285 101.800 9.172
202209 7.911 103.100 8.648
202212 8.610 104.100 9.321
202303 9.183 104.400 9.913
202306 8.752 105.200 9.376
202309 8.681 106.200 9.212
202312 9.123 106.800 9.627
202403 8.900 107.200 9.357
202406 8.425 108.200 8.775
202409 9.630 108.900 9.966
202412 9.213 110.700 9.379
202503 9.913 111.100 10.056
202506 10.165 111.700 10.256
202509 10.001 112.000 10.064
202512 9.410 113.000 9.385
202603 9.299 112.700 9.299

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 2.85 mean?
TISI (TISNF) has a Cyclically Adjusted PB Ratio of 2.85 as of Jul. 16, 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 TISI and its competitors. This is 16% below median its historical median of 3.41. Over the past decade, TISI's Cyclically Adjusted PB Ratio has ranged from 2.04 to 5.07. According to the industry distribution chart, TISI ranks #922 out of 1597 companies in the Software industry, placing it in the top 57.7%.
Is TISI's Cyclically Adjusted PB Ratio too high?
TISI's current Cyclically Adjusted PB Ratio of 2.85 is 16% below median its 10-year median of 3.41. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 5.07. The Software industry median Cyclically Adjusted PB Ratio is 2.31. TISI's value of 2.85 is 23.4% above this industry median. Based on the distribution chart, TISI ranks #922 out of 1597 companies in the Software industry, which is below the industry midpoint. Overall, TISI has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does TISI's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, TISI ranks #922 out of 1597 companies for Cyclically Adjusted PB Ratio. This places TISI in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. TISI's value of 2.85 is 23.4% above this benchmark. Historically, TISI's own Cyclically Adjusted PB Ratio has ranged from 2.04 to 5.07 over the past decade. While the company's 10-year median is 3.41 vs. the industry median of 2.31, TISI 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 2.31, based on 1,597 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. TISI's current Cyclically Adjusted PB Ratio of 2.85 is 23.4% 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 TISI and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TISI's current Cyclically Adjusted PB Ratio is 2.85, which is 16% below median its own 10-year median of 3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TISI stock overvalued right now?
TISI (TISNF) has a current Cyclically Adjusted PB Ratio of 2.85. The stock's GF Value™ is $24.55, compared to a current price of $20.00 — trading 18.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.85, which is 16% below median its 10-year median of 3.41 and 23.4% above the Software industry median of 2.31. TISI's overall GF Score™ is 93/100. 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 TISI (TISNF), the current Cyclically Adjusted PB Ratio is 2.85 as of Jul. 16, 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 TISI (TISNF) Overvalued in 2026?

Based on GuruFocus' analysis, TISI stock appears to be undervalued. The current stock price of $20.00 is trading 18.5% below its estimated GF Value™ of $24.55.

Key valuation signals for TISNF:

  • Cyclically Adjusted PB Ratio: 2.85 (16% below median its 10-year median of 3.41)
  • GF Value™: $24.55 vs. price of $20.00 (18.5% below fair value)
  • GF Score™: 93/100
  • Industry Position: 23.4% above the Software median (#922 of 1597)

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


TISI Business Description

Address 17-1, Nishishinjuku 8-chome, Shinjuku-ku, Tokyo, JPN, 160-0023
TIS is one of Japan's largest independent IT services companies, combining enterprise systems integration and outsourcing with issuer-side payment-processing infrastructure for banks and card issuers, a mix that is uncommon among domestic peers. The company serves clients in financial services, manufacturing, distribution, and the public sector, and recurring operation-and-cloud revenue represented 33.4% of group sales in fiscal 2026. For fiscal 2026, TIS generated JPY 596.5 billion of revenue and JPY 76.2 billion of operating profit, or a 12.8% margin. Its five reporting segments are regional IT solutions, industrial IT, offering service, financial IT, and BPM.
93GF 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.

$20.00
Price
$24.55
GF Value