GIG Works (TSE:2375) Cyclically Adjusted PB Ratio: 1.16 (As of Aug. 11, 2026) — 67% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:2375 GIG Works Inc TSE:2375
66 GF Score
Price 円202.00
GF Value 円238.61
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is GIG Works Cyclically Adjusted PB Ratio?

GIG Works TSE:2375 +0.50% 66 Cyclically Adjusted PB Ratio is 1.16 as of Aug. 11, 2026, which is 67% below its 10-year median of 3.47. GuruFocus rates TSE:2375 with a GF Score™ of 66/100 and a GF Value™ of 円238.61 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,558 Software companies, GIG Works ranks better than 70.47% on this metric.

As of today (2026-08-11), GIG Works's current share price is 円202.00. GIG Works's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct25 was 円173.95. GIG Works's Cyclically Adjusted PB Ratio for today is 1.16.

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

TSE:2375' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 3.47   Max: 9.65
Current: 1.16

During the past 13 years, GIG Works's highest Cyclically Adjusted PB Ratio was 9.65. The lowest was 1.15. And the median was 3.47.

TSE:2375's Cyclically Adjusted PB Ratio is ranked better than
70.47% of 1558 companies
in the Software industry
Industry Median: 2.31 vs TSE:2375: 1.16

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.

GIG Works's adjusted book value per share data of for the fiscal year that ended in Oct25 was 円140.948. 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173.95 for the trailing ten years ended in Oct25.

Shiller PE for Stocks: The True Measure of Stock Valuation


GIG Works  (TSE:2375) 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.


GIG Works Cyclically Adjusted PB Ratio Related Terms


GIG Works Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GIG Works'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.

GIG Works Cyclically Adjusted PB Ratio Chart

GIG Works Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.77 2.09 5.66 1.92 1.28

GIG Works Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 3.58 1.92 1.36 1.28 0.00

TSE:2375 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, GIG Works'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.


GIG Works Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:2375
66GF Score
GIG Works Inc TSE:2375
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GIG Works 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.

GIG Works's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=202.00/173.95
=1.16

* 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.

GIG Works's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct25 is calculated as:

For example, GIG Works's adjusted Book Value per Share data for the fiscal year that ended in Oct25 was:

Adj_Book=Book Value per Share/CPI of Oct25 (Change)*Current CPI (Oct25)
=140.948/112.8000*112.8000
=140.948

Current CPI (Oct25) = 112.8000.

GIG Works Annual Data

Book Value per Share CPI Adj_Book
201610 116.365 98.600 133.123
201710 129.425 98.800 147.765
201810 143.529 100.200 161.578
201910 164.496 100.400 184.812
202010 194.127 99.800 219.414
202110 209.165 99.900 236.174
202210 200.408 103.700 217.994
202310 156.877 107.100 165.226
202410 128.564 109.500 132.439
202510 140.948 112.800 140.948

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 1.16 mean?
GIG Works (TSE:2375) has a Cyclically Adjusted PB Ratio of 1.16 as of Aug. 11, 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 GIG Works and its competitors. This is 67% below median its historical median of 3.47. Over the past decade, GIG Works' Cyclically Adjusted PB Ratio has ranged from 1.15 to 9.65. According to the industry distribution chart, GIG Works ranks #460 out of 1558 companies in the Software industry, placing it in the top 29.5%.
Is GIG Works' Cyclically Adjusted PB Ratio too high?
GIG Works' current Cyclically Adjusted PB Ratio of 1.16 is 67% below median its 10-year median of 3.47. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 9.65. The Software industry median Cyclically Adjusted PB Ratio is 2.31. GIG Works' value of 1.16 is 49.8% below this industry median. Based on the distribution chart, GIG Works ranks #460 out of 1558 companies in the Software industry, which is above the industry midpoint. Overall, GIG Works has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GIG Works' Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, GIG Works ranks #460 out of 1558 companies for Cyclically Adjusted PB Ratio. This puts GIG Works in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. GIG Works' value of 1.16 is 49.8% below this benchmark. Historically, GIG Works' own Cyclically Adjusted PB Ratio has ranged from 1.15 to 9.65 over the past decade. While the company's 10-year median is 3.47 vs. the industry median of 2.31, GIG Works 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 a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.31, based on 1,558 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. GIG Works's current Cyclically Adjusted PB Ratio of 1.16 is 49.8% 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 GIG Works 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. GIG Works's current Cyclically Adjusted PB Ratio is 1.16, which is 67% below median its own 10-year median of 3.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GIG Works stock overvalued right now?
Based on GuruFocus' analysis, GIG Works (TSE:2375) is currently considered Modestly Undervalued. The stock's GF Value™ is 円238.61, compared to a current price of 円202.00 — trading 15.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.16, which is 67% below median its 10-year median of 3.47 and 49.8% below the Software industry median of 2.31. GIG Works' overall GF Score™ is 66/100 with 1 warning sign 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 GIG Works (TSE:2375), the current Cyclically Adjusted PB Ratio is 1.16 as of Aug. 11, 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 GIG Works (TSE:2375) Overvalued in 2026?

Based on GuruFocus' analysis, GIG Works stock appears to be undervalued. The current stock price of 円202.00 is trading 15.3% below its estimated GF Value™ of 円238.61. GuruFocus considers GIG Works to be Modestly Undervalued.

Key valuation signals for TSE:2375:

  • Cyclically Adjusted PB Ratio: 1.16 (67% below median its 10-year median of 3.47)
  • GF Value™: 円238.61 vs. price of 円202.00 (15.3% below fair value)
  • GF Score™: 66/100 with 1 warning sign
  • Industry Position: 49.8% below the Software median (#460 of 1558)

No single metric tells the full story. See the TSE:2375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GIG Works Business Description

Address 2-11-6 Nishi-Shinbashi, Tokyo New Nishi-Shinbashi Building 3rd Floor, Minato-ku, Tokyo, JPN, 105-0003
GIG Works Inc is a Japan based company engaged in providing marketing and communication service which include sales agency and sales support service, field support service, contact service, and technology service which include engineering development consignment and staff support service.
66GF Score

Get the complete analysis for TSE:2375

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

円202.00
Price
円238.61
GF Value