Adways (TSE:2489) Cyclically Adjusted PB Ratio: 0.88 (As of Aug. 08, 2026) — 48% Below Median

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TSE:2489 Adways Inc TSE:2489
73 GF Score
Price 円311.00
GF Value 円401.04
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Adways Cyclically Adjusted PB Ratio?

Adways TSE:2489 -1.27% 73 Cyclically Adjusted PB Ratio is 0.88 as of Aug. 08, 2026, which is 48% below its 10-year median of 1.70. GuruFocus rates TSE:2489 with a GF Score™ of 73/100 and a GF Value™ of 円401.04 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 346 Interactive Media companies, Adways ranks better than 63.29% on this metric.

As of today (2026-08-08), Adways's current share price is 円311.00. Adways's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円355.26. Adways's Cyclically Adjusted PB Ratio for today is 0.88.

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

TSE:2489' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1.7   Max: 3.96
Current: 0.86

During the past years, Adways's highest Cyclically Adjusted PB Ratio was 3.96. The lowest was 0.71. And the median was 1.70.

TSE:2489's Cyclically Adjusted PB Ratio is ranked better than
63.29% of 346 companies
in the Interactive Media industry
Industry Median: 1.44 vs TSE:2489: 0.86

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.

Adways's adjusted book value per share data for the three months ended in Dec. 2025 was 円349.391. 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355.26 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adways  (TSE:2489) 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.


Adways Cyclically Adjusted PB Ratio Related Terms


Adways Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Adways'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.

Adways Cyclically Adjusted PB Ratio Chart

Adways Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.15 1.60 1.49 0.84 0.74

Adways 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 0.79 0.96 0.91 0.74 0.00

TSE:2489 vs GOOGL, META, SPOT: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Adways'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.


Adways Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Adways's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2489
73GF Score
Adways Inc TSE:2489
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adways 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=311.00/355.26
=0.88

* 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.

Adways's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Adways's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=349.391/113.0000*113.0000
=349.391

Current CPI (Dec. 2025) = 113.0000.

Adways Quarterly Data

Book Value per Share CPI Adj_Book
201603 303.677 97.900 350.516
201606 293.986 98.100 338.638
201609 284.904 98.000 328.512
201612 286.634 98.400 329.163
201703 282.055 98.100 324.895
201706 277.082 98.500 317.871
201709 278.446 98.800 318.466
201712 276.657 99.400 314.509
201803 281.173 99.200 320.288
201806 281.288 99.200 320.419
201809 282.337 99.900 319.360
201812 284.761 99.700 322.748
201903 293.760 99.700 332.948
201906 283.091 99.800 320.534
201909 284.782 100.100 321.482
201912 291.620 100.500 327.891
202003 295.882 100.300 333.347
202006 298.815 99.900 337.999
202009 308.710 99.900 349.191
202012 327.407 99.300 372.578
202103 287.806 99.900 325.546
202106 286.012 99.500 324.818
202109 297.252 100.100 335.559
202112 350.638 100.100 395.825
202203 344.457 101.100 385.001
202206 390.092 101.800 433.010
202209 428.322 103.100 469.451
202212 404.615 104.100 439.207
202303 387.718 104.400 419.656
202306 376.848 105.200 404.789
202309 363.396 106.200 386.664
202312 367.315 106.800 388.639
202403 366.000 107.200 385.802
202406 367.690 108.200 384.002
202409 364.282 108.900 377.997
202412 348.337 110.700 355.574
202503 350.032 111.100 356.018
202506 342.129 111.700 346.111
202509 342.987 112.000 346.049
202512 349.391 113.000 349.391

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 0.88 mean?
Adways (TSE:2489) has a Cyclically Adjusted PB Ratio of 0.88 as of Aug. 08, 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 Adways and its competitors. This is 48% below median its historical median of 1.70. Over the past decade, Adways' Cyclically Adjusted PB Ratio has ranged from 0.71 to 3.96. According to the industry distribution chart, Adways ranks #127 out of 346 companies in the Interactive Media industry, placing it in the top 36.7%.
Is Adways' Cyclically Adjusted PB Ratio too high?
Adways' current Cyclically Adjusted PB Ratio of 0.88 is 48% below median its 10-year median of 1.70. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 3.96. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.44. Adways' value of 0.88 is 38.9% below this industry median. Based on the distribution chart, Adways ranks #127 out of 346 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Adways has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adways' Cyclically Adjusted PB Ratio compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Adways ranks #127 out of 346 companies for Cyclically Adjusted PB Ratio. This puts Adways in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.44. Adways' value of 0.88 is 38.9% below this benchmark. Historically, Adways' own Cyclically Adjusted PB Ratio has ranged from 0.71 to 3.96 over the past decade. While the company's 10-year median is 1.70 vs. the industry median of 1.44, Adways 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.44, based on 346 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. Adways's current Cyclically Adjusted PB Ratio of 0.88 is 38.9% 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 Adways and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adways's current Cyclically Adjusted PB Ratio is 0.88, which is 48% below median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adways stock overvalued right now?
Based on GuruFocus' analysis, Adways (TSE:2489) is currently considered Modestly Undervalued. The stock's GF Value™ is 円401.04, compared to a current price of 円311.00 — trading 22.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.88, which is 48% below median its 10-year median of 1.70 and 38.9% below the Interactive Media industry median of 1.44. Adways' overall GF Score™ is 73/100 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 Adways (TSE:2489), the current Cyclically Adjusted PB Ratio is 0.88 as of Aug. 08, 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 Adways (TSE:2489) Overvalued in 2026?

Based on GuruFocus' analysis, Adways stock appears to be undervalued. The current stock price of 円311.00 is trading 22.5% below its estimated GF Value™ of 円401.04. GuruFocus considers Adways to be Modestly Undervalued.

Key valuation signals for TSE:2489:

  • Cyclically Adjusted PB Ratio: 0.88 (48% below median its 10-year median of 1.70)
  • GF Value™: 円401.04 vs. price of 円311.00 (22.5% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 38.9% below the Interactive Media median (#127 of 346)

No single metric tells the full story. See the TSE:2489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adways Business Description

Other Exchanges A02:Germany
Address Sumitomo Fudousan Shinjuku OakTower 4th floor, Tokyo, JPN
Adways Inc engages in the provision of advertising services. It also deals with mobile applications and contents development for media advertising. Its operations include advertising business, applications and media business, overseas business. The advertising business covers primarily internet advertisements. The applications and media business develops and manages smartphone applications and media contents. The overseas business offers internet marketing services overseas.
73GF Score

Get the complete analysis for TSE:2489

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

円311.00
Price
円401.04
GF Value