Link and Motivation (TSE:2170) Cyclically Adjusted PB Ratio: 7.88 (As of Jul. 30, 2026) — 10% Below Median

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TSE:2170 Link and Motivation Inc TSE:2170
85 GF Score
Price 円644.00
GF Value 円615.17
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Link and Motivation Cyclically Adjusted PB Ratio?

Link and Motivation TSE:2170 +5.23% 85 Cyclically Adjusted PB Ratio is 7.88 as of Jul. 30, 2026, which is 10% below its 10-year median of 8.71. GuruFocus rates TSE:2170 with a GF Score™ of 85/100 and a GF Value™ of 円615.17 (Fairly Valued). The stock has 6 warning signs investors should review. Among 728 Business Services companies, Link and Motivation ranks worse than 92.31% on this metric.

As of today (2026-07-30), Link and Motivation's current share price is 円644.00. Link and Motivation's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円81.73. Link and Motivation's Cyclically Adjusted PB Ratio for today is 7.88.

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

TSE:2170' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.95   Med: 8.71   Max: 34.63
Current: 7.3

During the past years, Link and Motivation's highest Cyclically Adjusted PB Ratio was 34.63. The lowest was 4.95. And the median was 8.71.

TSE:2170's Cyclically Adjusted PB Ratio is ranked worse than
92.31% of 728 companies
in the Business Services industry
Industry Median: 1.56 vs TSE:2170: 7.30

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.

Link and Motivation's adjusted book value per share data for the three months ended in Mar. 2026 was 円115.835. 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81.73 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Link and Motivation  (TSE:2170) 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.


Link and Motivation Cyclically Adjusted PB Ratio Related Terms


Link and Motivation Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Link and Motivation'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.

Link and Motivation Cyclically Adjusted PB Ratio Chart

Link and Motivation Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.23 10.72 8.30 8.10 6.33

Link and Motivation 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 7.01 6.48 6.79 6.33 6.77

TSE:2170 vs VRSK, EFX, BAH: Cyclically Adjusted PB Ratio Comparison

For the Consulting Services subindustry, Link and Motivation'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.


Link and Motivation Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Link and Motivation's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2170
85GF Score
Link and Motivation Inc TSE:2170
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Link and Motivation 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.

Link and Motivation's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=644.00/81.73
=7.88

* 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.

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

For example, Link and Motivation'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)
=115.835/112.7000*112.7000
=115.835

Current CPI (Mar. 2026) = 112.7000.

Link and Motivation Quarterly Data

Book Value per Share CPI Adj_Book
201606 54.704 98.100 62.845
201609 49.105 98.000 56.471
201612 45.256 98.400 51.833
201703 51.192 98.100 58.811
201706 61.881 98.500 70.802
201709 63.898 98.800 72.888
201712 63.358 99.400 71.835
201803 65.460 99.200 74.368
201806 76.726 99.200 87.168
201809 80.873 99.900 91.235
201812 72.864 99.700 82.365
201903 69.237 99.700 78.265
201906 70.762 99.800 79.909
201909 68.771 100.100 77.427
201912 67.126 100.500 75.275
202003 64.314 100.300 72.265
202006 57.900 99.900 65.319
202009 58.987 99.900 66.545
202012 35.836 99.300 40.672
202103 36.265 99.900 40.912
202106 37.981 99.500 43.020
202109 35.036 100.100 39.446
202112 67.164 100.100 75.618
202203 67.855 101.100 75.641
202206 71.548 101.800 79.209
202209 77.939 103.100 85.196
202212 81.184 104.100 87.891
202303 85.719 104.400 92.534
202306 97.363 105.200 104.304
202309 96.986 106.200 102.922
202312 92.873 106.800 98.004
202403 91.978 107.200 96.697
202406 95.249 108.200 99.210
202409 98.480 108.900 101.916
202412 105.983 110.700 107.898
202503 109.618 111.100 111.197
202506 116.319 111.700 117.360
202509 134.932 112.000 135.775
202512 122.502 113.000 122.177
202603 115.835 112.700 115.835

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 7.88 mean?
Link and Motivation (TSE:2170) has a Cyclically Adjusted PB Ratio of 7.88 as of Jul. 30, 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 Link and Motivation and its competitors. This is 10% below median its historical median of 8.71. Over the past decade, Link and Motivation's Cyclically Adjusted PB Ratio has ranged from 4.95 to 34.63. According to the industry distribution chart, Link and Motivation ranks #672 out of 728 companies in the Business Services industry, placing it in the top 92.3%.
Is Link and Motivation's Cyclically Adjusted PB Ratio too high?
Link and Motivation's current Cyclically Adjusted PB Ratio of 7.88 is 10% below median its 10-year median of 8.71. Over the past 10 years, this metric has ranged from a low of 4.95 to a high of 34.63. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. Link and Motivation's value of 7.88 is 405.1% above this industry median. Based on the distribution chart, Link and Motivation ranks #672 out of 728 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Link and Motivation has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Link and Motivation's Cyclically Adjusted PB Ratio compare to VRSK and EFX?
According to the Business Services industry distribution chart, Link and Motivation ranks #672 out of 728 companies for Cyclically Adjusted PB Ratio. This places Link and Motivation in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. Link and Motivation's value of 7.88 is 405.1% above this benchmark. Historically, Link and Motivation's own Cyclically Adjusted PB Ratio has ranged from 4.95 to 34.63 over the past decade. While the company's 10-year median is 8.71 vs. the industry median of 1.56, Link and Motivation 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 728 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. Link and Motivation's current Cyclically Adjusted PB Ratio of 7.88 is 405.1% 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 Link and Motivation and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Link and Motivation's current Cyclically Adjusted PB Ratio is 7.88, which is 10% below median its own 10-year median of 8.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Link and Motivation stock overvalued right now?
Based on GuruFocus' analysis, Link and Motivation (TSE:2170) is currently considered Fairly Valued. The stock's GF Value™ is 円615.17, compared to a current price of 円644.00 — trading 4.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.88, which is 10% below median its 10-year median of 8.71 and 405.1% above the Business Services industry median of 1.56. Link and Motivation's overall GF Score™ is 85/100 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 Link and Motivation (TSE:2170), the current Cyclically Adjusted PB Ratio is 7.88 as of Jul. 30, 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 Link and Motivation (TSE:2170) Overvalued in 2026?

Based on GuruFocus' analysis, Link and Motivation stock appears to be overvalued. The current stock price of 円644.00 is trading 4.7% above its estimated GF Value™ of 円615.17. GuruFocus considers Link and Motivation to be Fairly Valued.

Key valuation signals for TSE:2170:

  • Cyclically Adjusted PB Ratio: 7.88 (10% below median its 10-year median of 8.71)
  • GF Value™: 円615.17 vs. price of 円644.00 (4.7% above fair value)
  • GF Score™: 85/100 with 6 warning signs
  • Industry Position: 405.1% above the Business Services median (#672 of 728)

No single metric tells the full story. See the TSE:2170 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Link and Motivation Business Description

Address 4-12-15 Ginza, Kabukiza Tower,15th Floor, Chuo-ku, Tokyo, JPN, 104-0061
Link and Motivation Inc is engaged in providing management consulting services. It offers consulting services that transform business organizations through motivation management, entry management, brand management, investor relations and place management. The company operates across three segments namely, Division, Individual Development Division, and Matching Division it provides corporate consulting and HR solutions (including the Motivation Cloud HRTech platform), educational services for students and professionals, and recruitment/matching services.
85GF Score

Get the complete analysis for TSE:2170

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

円644.00
Price
円615.17
GF Value