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.
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.
Fan CommunicationsTSE:2461 +0.51%67 Cyclically Adjusted PB Ratio is 1.40 as of Aug. 21, 2026, which is 32% below its 10-year median of 2.05. GuruFocus rates TSE:2461 with a GF Score™ of 67/100 and a GF Value™ of 円399.95 (Fairly Valued). The stock has 2 warning signs investors should review. Among 679 Media - Diversified companies, Fan Communications ranks worse than 62.3% on this metric.
The historical rank and industry rank for Fan Communications's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:2461'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.4 Med: 2.05 Max: 11.38
Current: 1.4
During the past years, Fan Communications's highest Cyclically Adjusted PB Ratio was 11.38. The lowest was 1.40. And the median was 2.05.
TSE:2461's Cyclically Adjusted PB Ratio is ranked worse than 62.3% of 679
companies
in the Media - Diversified industry
Industry Median: 0.99
vs TSE:2461: 1.40
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.
Fan Communications's adjusted book value per share data for the three months ended in Jun. 2026 was 円247.754. 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283.73 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Fan Communications (TSE:2461) 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.
Fan Communications Cyclically Adjusted PB Ratio Related Terms
Fan Communications Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Fan Communications'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.
Fan Communications Cyclically Adjusted PB Ratio Chart
TSE:2461 vs APP, OMC, TTD: Cyclically Adjusted PB Ratio Comparison
For the Advertising Agencies subindustry, Fan Communications'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.
Fan Communications Cyclically Adjusted PB Ratio vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Fan Communications's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Fan Communications's Cyclically Adjusted PB Ratio falls into.
Fan Communications 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.
Fan Communications's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.40 mean?
Fan Communications (TSE:2461) has a Cyclically Adjusted PB Ratio of 1.40 as of Aug. 21, 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 Fan Communications and its competitors. This is 32% below median its historical median of 2.05. Over the past decade, Fan Communications' Cyclically Adjusted PB Ratio has ranged from 1.40 to 11.38. According to the industry distribution chart, Fan Communications ranks #423 out of 679 companies in the Media - Diversified industry, placing it in the top 62.3%.
Is Fan Communications' Cyclically Adjusted PB Ratio too high?
Fan Communications' current Cyclically Adjusted PB Ratio of 1.40 is 32% below median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 11.38. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.99. Fan Communications' value of 1.40 is 41.4% above this industry median. Based on the distribution chart, Fan Communications ranks #423 out of 679 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Fan Communications has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fan Communications' Cyclically Adjusted PB Ratio compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Fan Communications ranks #423 out of 679 companies for Cyclically Adjusted PB Ratio. This places Fan Communications in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. Fan Communications' value of 1.40 is 41.4% above this benchmark. Historically, Fan Communications' own Cyclically Adjusted PB Ratio has ranged from 1.40 to 11.38 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 0.99, Fan Communications 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.99, based on 679 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. Fan Communications's current Cyclically Adjusted PB Ratio of 1.40 is 41.4% 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 Fan Communications and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fan Communications's current Cyclically Adjusted PB Ratio is 1.40, which is 32% below median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fan Communications stock overvalued right now?
Based on GuruFocus' analysis, Fan Communications (TSE:2461) is currently considered Fairly Valued. The stock's GF Value™ is 円399.95, compared to a current price of 円397.00 — trading 0.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.40, which is 32% below median its 10-year median of 2.05 and 41.4% above the Media - Diversified industry median of 0.99. Fan Communications' overall GF Score™ is 67/100 with 2 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 Fan Communications (TSE:2461), the current Cyclically Adjusted PB Ratio is 1.40 as of Aug. 21, 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 Fan Communications (TSE:2461) Overvalued in 2026?
Based on GuruFocus' analysis, Fan Communications stock appears to be undervalued.
The current stock price of 円397.00 is trading 0.7% below its estimated GF Value™ of 円399.95.
GuruFocus considers Fan Communications to be Fairly Valued.
Key valuation signals for TSE:2461:
Cyclically Adjusted PB Ratio: 1.40 (32% below median its 10-year median of 2.05)
GF Value™: 円399.95 vs. price of 円397.00 (0.7% below fair value)
Industry Position: 41.4% above the Media - Diversified median (#423 of 679)
No single metric tells the full story. See the TSE:2461 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fan Communications Inc is a Japanese Internet marketing company. The company is developing Internet advertising-related businesses. It has its own media operation and advertising agency and is mainly involved in Internet-based performance marketing ad network services. Its product and services are divided into cost per action ad network business (affiliate advertising, smartphone app install advertising) and cost per click/targeting ad network business (smartphone and network, behavioral targeting supply-side platforms). The company provides advertising through A8.net affiliate advertising service platform and A8app a smartphone application to install for promotions.
67GF Score
Get the complete analysis for TSE:2461
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:2461 has been successfully added to your 
