mixi (TSE:2121) Cyclically Adjusted PB Ratio: 1.45 (As of Sep. 22, 2026) — Near Median

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TSE:2121 mixi Inc TSE:2121
92 GF Score
Price 円3,810.00
GF Value 円3,720.57
Valuation Fairly Valued
! 6 Warning Signs
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What is mixi Cyclically Adjusted PB Ratio?

mixi TSE:2121 -0.78% 92 Cyclically Adjusted PB Ratio is 1.45 as of Sep. 22, 2026, which is 2% below its 10-year median of 1.48. GuruFocus rates TSE:2121 with a GF Score™ of 92/100 and a GF Value™ of 円3,720.57 (Fairly Valued). The stock has 6 warning signs investors should review. Among 343 Interactive Media companies, mixi ranks better than 52.19% on this metric.

As of today (2026-09-22), mixi's current share price is 円3810.00. mixi's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円2,632.14. mixi's Cyclically Adjusted PB Ratio for today is 1.45.

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

TSE:2121' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.48   Max: 8.16
Current: 1.39

During the past years, mixi's highest Cyclically Adjusted PB Ratio was 8.16. The lowest was 0.98. And the median was 1.48.

TSE:2121's Cyclically Adjusted PB Ratio is ranked better than
52.19% of 343 companies
in the Interactive Media industry
Industry Median: 1.51 vs TSE:2121: 1.39

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.

mixi's adjusted book value per share data for the three months ended in Jun. 2026 was 円3,000.855. 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2,632.14 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


mixi  (TSE:2121) 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.


mixi Cyclically Adjusted PB Ratio Related Terms


mixi Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for mixi'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.

mixi Cyclically Adjusted PB Ratio Chart

mixi 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 1.31 1.36 1.20 1.32 0.95

mixi Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.42 1.27 1.07 0.98 1.03

TSE:2121 vs NTES, TTWO, RBLX: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, mixi'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.


mixi Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, mixi's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2121
92GF Score
mixi Inc TSE:2121
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

mixi 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3810.00/2632.144
=1.45

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3000.855/113.6000*113.6000
=3,000.855

Current CPI (Jun. 2026) = 113.6000.

mixi Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,566.016 98.000 1,815.300
201612 1,691.946 98.400 1,953.304
201703 1,892.393 98.100 2,191.395
201706 1,919.427 98.500 2,213.674
201709 2,035.806 98.800 2,340.765
201712 1,971.640 99.400 2,253.303
201803 2,185.008 99.200 2,502.187
201806 2,175.512 99.200 2,491.312
201809 2,252.661 99.900 2,561.584
201812 2,245.879 99.700 2,558.996
201903 2,375.462 99.700 2,706.645
201906 2,329.145 99.800 2,651.211
201909 2,347.592 100.100 2,664.200
201912 2,271.281 100.500 2,567.339
202003 2,406.186 100.300 2,725.252
202006 2,410.233 99.900 2,740.765
202009 2,491.247 99.900 2,832.889
202012 2,443.057 99.300 2,794.877
202103 2,515.309 99.900 2,860.251
202106 2,523.398 99.500 2,880.985
202109 2,552.006 100.100 2,896.183
202112 2,509.133 100.100 2,847.528
202203 2,564.396 101.100 2,881.458
202206 2,558.469 101.800 2,855.030
202209 2,529.878 103.100 2,787.528
202212 2,472.942 104.100 2,698.619
202303 2,514.121 104.400 2,735.672
202306 2,474.411 105.200 2,671.988
202309 2,488.294 106.200 2,661.678
202312 2,466.079 106.800 2,623.095
202403 2,499.359 107.200 2,648.574
202406 2,477.560 108.200 2,601.209
202409 2,551.448 108.900 2,661.566
202412 2,581.018 110.700 2,648.633
202503 2,675.979 111.100 2,736.195
202506 2,637.543 111.700 2,682.407
202509 2,659.460 112.000 2,697.452
202512 2,696.215 113.000 2,710.531
202603 2,910.096 112.700 2,933.335
202606 3,000.855 113.600 3,000.855

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 1.45 mean?
mixi (TSE:2121) has a Cyclically Adjusted PB Ratio of 1.45 as of Sep. 22, 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 mixi and its competitors. This is near median its historical median of 1.48. Over the past decade, mixi's Cyclically Adjusted PB Ratio has ranged from 0.98 to 8.16. According to the industry distribution chart, mixi ranks #164 out of 343 companies in the Interactive Media industry, placing it in the top 47.8%.
Is mixi's Cyclically Adjusted PB Ratio too high?
mixi's current Cyclically Adjusted PB Ratio of 1.45 is near median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 8.16. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.51. mixi's value of 1.45 is 4% below this industry median. Based on the distribution chart, mixi ranks #164 out of 343 companies in the Interactive Media industry, which is above the industry midpoint. Overall, mixi has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does mixi's Cyclically Adjusted PB Ratio compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, mixi ranks #164 out of 343 companies for Cyclically Adjusted PB Ratio. This puts mixi in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. mixi's value of 1.45 is 4% below this benchmark. Historically, mixi's own Cyclically Adjusted PB Ratio has ranged from 0.98 to 8.16 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 1.51, mixi 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 1.51, based on 343 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. mixi's current Cyclically Adjusted PB Ratio of 1.45 is 4% 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 mixi and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. mixi's current Cyclically Adjusted PB Ratio is 1.45, which is near median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is mixi stock overvalued right now?
Based on GuruFocus' analysis, mixi (TSE:2121) is currently considered Fairly Valued. The stock's GF Value™ is 円3,720.57, compared to a current price of 円3,810.00 — trading 2.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.45, which is near median its 10-year median of 1.48 and 4% below the Interactive Media industry median of 1.51. mixi's overall GF Score™ is 92/100 with 6 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 mixi (TSE:2121), the current Cyclically Adjusted PB Ratio is 1.45 as of Sep. 22, 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 mixi (TSE:2121) Overvalued in 2026?

Based on GuruFocus' analysis, mixi stock appears to be overvalued. The current stock price of 円3,810.00 is trading 2.4% above its estimated GF Value™ of 円3,720.57. GuruFocus considers mixi to be Fairly Valued.

Key valuation signals for TSE:2121:

  • Cyclically Adjusted PB Ratio: 1.45 (near median its 10-year median of 1.48)
  • GF Value™: 円3,720.57 vs. price of 円3,810.00 (2.4% above fair value)
  • GF Score™: 92/100 with 6 warning signs
  • Industry Position: 4% below the Interactive Media median (#164 of 343)

No single metric tells the full story. See the TSE:2121 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


mixi Business Description

Other Exchanges MXN:Germany
Address Sumitomo Fudosan Shibuya First Tower 7F, Tokyo, JPN, 150-0011
mixi Inc is a Japanese company which provides social networking services. The company conducts its business activities mainly including the operation of websites and provision of native smartphone games on the Internet. It business segments include, Entertainment Business and Media Platform Business. mixi provides games mainly including native smartphone games through Entertainment Business, and operates business-to-consumer and consumer-to-consumer services utilizing the Internet and invests in operating companies of these services through Media Platform Business.
92GF Score

Get the complete analysis for TSE:2121

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

円3,810.00
Price
円3,720.57
GF Value