Saylor Advertising (TSE:2156) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

TSE:2156 Saylor Advertising Inc TSE:2156
43 GF Score
Price 円282.00
GF Value 円270.44
Valuation Fairly Valued
! 3 Warning Signs
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What is Saylor Advertising Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Saylor Advertising  (TSE:2156) 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.


Saylor Advertising Cyclically Adjusted PB Ratio Related Terms


Saylor Advertising Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Saylor Advertising'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.

Saylor Advertising Cyclically Adjusted PB Ratio Chart

Saylor Advertising 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 0.54 0.59 0.62 0.66 0.57

Saylor Advertising 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 0.71 0.72 0.60 0.58 0.51

TSE:2156 vs APP, OMC, TTD: Cyclically Adjusted PB Ratio Comparison

For the Advertising Agencies subindustry, Saylor Advertising'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.


Saylor Advertising Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Saylor Advertising's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2156
43GF Score
Saylor Advertising Inc TSE:2156
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Saylor Advertising 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.

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

For example, Saylor Advertising'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)
=432.621/113.6000*113.6000
=432.621

Current CPI (Jun. 2026) = 113.6000.

Saylor Advertising Quarterly Data

Book Value per Share CPI Adj_Book
201609 468.057 98.000 542.564
201612 481.083 98.400 555.397
201703 492.013 98.100 569.752
201706 480.953 98.500 554.683
201709 478.127 98.800 549.749
201712 470.990 99.400 538.274
201803 484.896 99.200 555.284
201806 469.940 99.200 538.157
201809 474.215 99.900 539.247
201812 470.654 99.700 536.272
201903 499.261 99.700 568.867
201906 478.844 99.800 545.057
201909 478.496 100.100 543.028
201912 480.091 100.500 542.670
202003 496.568 100.300 562.414
202006 463.494 99.900 527.056
202009 464.543 99.900 528.249
202012 455.838 99.300 521.482
202103 477.747 99.900 543.264
202106 447.361 99.500 510.756
202109 451.674 100.100 512.589
202112 443.771 100.100 503.620
202203 462.785 101.100 520.004
202206 441.879 101.800 493.099
202209 449.097 103.100 494.834
202212 449.748 104.100 490.791
202303 496.034 104.400 539.746
202306 475.967 105.200 513.972
202309 478.007 106.200 511.314
202312 480.938 106.800 511.560
202403 462.124 107.200 489.713
202406 435.217 108.200 456.938
202409 423.831 108.900 442.123
202412 424.620 110.700 435.744
202503 461.881 111.100 472.274
202506 441.075 111.700 448.578
202509 427.412 112.000 433.518
202512 423.479 113.000 425.728
202603 447.922 112.700 451.499
202606 432.621 113.600 432.621

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.

Is Saylor Advertising (TSE:2156) Overvalued in 2026?

Based on GuruFocus' analysis, Saylor Advertising stock appears to be overvalued. The current stock price of 円282.00 is trading 4.3% above its estimated GF Value™ of 円270.44. GuruFocus considers Saylor Advertising to be Fairly Valued.

Key valuation signals for TSE:2156:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円270.44 vs. price of 円282.00 (4.3% above fair value)
  • GF Score™: 43/100 with 3 warning signs

No single metric tells the full story. See the TSE:2156 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Saylor Advertising Business Description

Address No. 7 No. 20 2-chome Ogimachi, Takamatsu, JPN, 7608502
Saylor Advertising Inc is engaged in the provision of planning, drafting, filing, and production of advertisements through media, such as television, radio, newspaper, and magazine. It is also engaged in sales promotion and Internet-related advertisements, as well as the publication of magazines.
43GF Score

Get the complete analysis for TSE:2156

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

円282.00
Price
円270.44
GF Value