Fronteo (TSE:2158) Cyclically Adjusted PB Ratio: 5.02 (As of Sep. 16, 2026) — 11% Below Median

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TSE:2158 Fronteo Inc TSE:2158
45 GF Score
Price 円617.00
GF Value 円799.22
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Fronteo Cyclically Adjusted PB Ratio?

Fronteo TSE:2158 +1.48% 45 Cyclically Adjusted PB Ratio is 5.02 as of Sep. 16, 2026, which is 11% below its 10-year median of 5.67. GuruFocus rates TSE:2158 with a GF Score™ of 45/100 and a GF Value™ of 円799.22 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,464 Software companies, Fronteo ranks worse than 75.34% on this metric.

As of today (2026-09-16), Fronteo's current share price is 円617.00. Fronteo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円122.96. Fronteo's Cyclically Adjusted PB Ratio for today is 5.02.

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

TSE:2158' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.88   Med: 5.67   Max: 45.53
Current: 4.97

During the past years, Fronteo's highest Cyclically Adjusted PB Ratio was 45.53. The lowest was 3.88. And the median was 5.67.

TSE:2158's Cyclically Adjusted PB Ratio is ranked worse than
75.34% of 1464 companies
in the Software industry
Industry Median: 2.34 vs TSE:2158: 4.97

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.

Fronteo's adjusted book value per share data for the three months ended in Mar. 2026 was 円98.122. 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122.96 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fronteo  (TSE:2158) 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.


Fronteo Cyclically Adjusted PB Ratio Related Terms


Fronteo Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fronteo'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.

Fronteo Cyclically Adjusted PB Ratio Chart

Fronteo 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 16.26 6.08 5.16 4.58 6.53

Fronteo 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 4.85 8.49 7.01 6.52 4.93

TSE:2158 vs IBM, ACN, CTSH: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Fronteo'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.


Fronteo Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:2158
45GF Score
Fronteo Inc TSE:2158
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fronteo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=617.00/122.957
=5.02

* 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.

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

For example, Fronteo'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)
=98.122/112.7000*112.7000
=98.122

Current CPI (Mar. 2026) = 112.7000.

Fronteo Quarterly Data

Book Value per Share CPI Adj_Book
201606 110.839 98.100 127.335
201609 98.571 98.000 113.357
201612 113.655 98.400 130.172
201703 132.345 98.100 152.042
201706 129.090 98.500 147.700
201709 115.699 98.800 131.976
201712 105.982 99.400 120.163
201803 114.480 99.200 130.059
201806 120.192 99.200 136.549
201809 128.457 99.900 144.916
201812 122.858 99.700 138.878
201903 121.239 99.700 137.047
201906 101.375 99.800 114.479
201909 87.973 100.100 99.047
201912 89.492 100.500 100.356
202003 86.771 100.300 97.498
202006 89.457 99.900 100.919
202009 83.040 99.900 93.680
202012 100.507 99.300 114.070
202103 118.448 99.900 133.625
202106 128.482 99.500 145.527
202109 138.522 100.100 155.958
202112 146.294 100.100 164.709
202203 163.836 101.100 182.634
202206 162.027 101.800 179.376
202209 161.974 103.100 177.056
202212 143.392 104.100 155.238
202303 128.395 104.400 138.603
202306 127.102 105.200 136.163
202309 127.235 106.200 135.022
202312 118.696 106.800 125.253
202403 72.152 107.200 75.854
202406 77.799 108.200 81.035
202409 73.027 108.900 75.575
202412 78.423 110.700 79.840
202503 82.014 111.100 83.195
202506 84.899 111.700 85.659
202509 84.960 112.000 85.491
202512 94.355 113.000 94.105
202603 98.122 112.700 98.122

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 5.02 mean?
Fronteo (TSE:2158) has a Cyclically Adjusted PB Ratio of 5.02 as of Sep. 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 Fronteo and its competitors. This is 11% below median its historical median of 5.67. Over the past decade, Fronteo's Cyclically Adjusted PB Ratio has ranged from 3.88 to 45.53. According to the industry distribution chart, Fronteo ranks #1103 out of 1464 companies in the Software industry, placing it in the top 75.3%.
Is Fronteo's Cyclically Adjusted PB Ratio too high?
Fronteo's current Cyclically Adjusted PB Ratio of 5.02 is 11% below median its 10-year median of 5.67. Over the past 10 years, this metric has ranged from a low of 3.88 to a high of 45.53. The Software industry median Cyclically Adjusted PB Ratio is 2.34. Fronteo's value of 5.02 is 114.5% above this industry median. Based on the distribution chart, Fronteo ranks #1103 out of 1464 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Fronteo has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fronteo's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Fronteo ranks #1103 out of 1464 companies for Cyclically Adjusted PB Ratio. This places Fronteo in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.34. Fronteo's value of 5.02 is 114.5% above this benchmark. Historically, Fronteo's own Cyclically Adjusted PB Ratio has ranged from 3.88 to 45.53 over the past decade. While the company's 10-year median is 5.67 vs. the industry median of 2.34, Fronteo 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 2.34, based on 1,464 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. Fronteo's current Cyclically Adjusted PB Ratio of 5.02 is 114.5% 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 Fronteo and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fronteo's current Cyclically Adjusted PB Ratio is 5.02, which is 11% below median its own 10-year median of 5.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fronteo stock overvalued right now?
Based on GuruFocus' analysis, Fronteo (TSE:2158) is currently considered Modestly Undervalued. The stock's GF Value™ is 円799.22, compared to a current price of 円617.00 — trading 22.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.02, which is 11% below median its 10-year median of 5.67 and 114.5% above the Software industry median of 2.34. Fronteo's overall GF Score™ is 45/100 with 3 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 Fronteo (TSE:2158), the current Cyclically Adjusted PB Ratio is 5.02 as of Sep. 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 Fronteo (TSE:2158) Overvalued in 2026?

Based on GuruFocus' analysis, Fronteo stock appears to be undervalued. The current stock price of 円617.00 is trading 22.8% below its estimated GF Value™ of 円799.22. GuruFocus considers Fronteo to be Modestly Undervalued.

Key valuation signals for TSE:2158:

  • Cyclically Adjusted PB Ratio: 5.02 (11% below median its 10-year median of 5.67)
  • GF Value™: 円799.22 vs. price of 円617.00 (22.8% below fair value)
  • GF Score™: 45/100 with 3 warning signs
  • Industry Position: 114.5% above the Software median (#1103 of 1464)

No single metric tells the full story. See the TSE:2158 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fronteo Business Description

Address Meisan Takahama building, 2-12-23 Kounan, Minato-ku, Tokyo, JPN, 108-0075
Fronteo Inc provides solutions, employing advanced technologies, for corporate litigation strategy and crisis management. The company's resources and operation systems are organized into two operating segments - e-discovery Business and AI Solutions services. It mainly offers eDiscovery and forensic services, such as data collection, data processing, data review and document production. The company primarily serves law firms, corporate legal departments, government agencies and other professional advisors who require innovative technology, responsive service and deep subject-matter expertise. Geographically, the company receives maximum revenue from the United States.
45GF Score

Get the complete analysis for TSE:2158

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

円617.00
Price
円799.22
GF Value