Miratap (TSE:3187) Cyclically Adjusted PB Ratio: 2.34 (As of Aug. 13, 2026) — 30% 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:3187 Miratap Inc TSE:3187
66 GF Score
Price 円350.00
GF Value 円392.06
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Miratap Cyclically Adjusted PB Ratio?

Miratap TSE:3187 +3.55% 66 Cyclically Adjusted PB Ratio is 2.34 as of Aug. 13, 2026, which is 30% below its 10-year median of 3.35. GuruFocus rates TSE:3187 with a GF Score™ of 66/100 and a GF Value™ of 円392.06 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 798 Retail - Cyclical companies, Miratap ranks worse than 65.79% on this metric.

As of today (2026-08-13), Miratap's current share price is 円350.00. Miratap's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円149.52. Miratap's Cyclically Adjusted PB Ratio for today is 2.34.

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

TSE:3187' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.56   Med: 3.35   Max: 11.76
Current: 1.97

During the past years, Miratap's highest Cyclically Adjusted PB Ratio was 11.76. The lowest was 1.56. And the median was 3.35.

TSE:3187's Cyclically Adjusted PB Ratio is ranked worse than
65.79% of 798 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs TSE:3187: 1.97

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.

Miratap's adjusted book value per share data for the three months ended in Mar. 2026 was 円170.703. 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149.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Miratap  (TSE:3187) 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.


Miratap Cyclically Adjusted PB Ratio Related Terms


Miratap Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Miratap'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.

Miratap Cyclically Adjusted PB Ratio Chart

Miratap Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 6.70 2.94 2.15

Miratap 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 2.37 2.60 2.15 1.69 1.73

TSE:3187 vs AMZN, BABA, PDD: Cyclically Adjusted PB Ratio Comparison

For the Internet Retail subindustry, Miratap'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.


Miratap Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Miratap's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3187
66GF Score
Miratap Inc TSE:3187
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Miratap 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=350.00/149.52
=2.34

* 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.

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

For example, Miratap'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)
=170.703/112.7000*112.7000
=170.703

Current CPI (Mar. 2026) = 112.7000.

Miratap Quarterly Data

Book Value per Share CPI Adj_Book
201606 111.647 98.100 128.263
201609 118.401 98.000 136.161
201612 106.192 98.400 121.624
201703 112.189 98.100 128.886
201706 111.959 98.500 128.099
201709 128.887 98.800 147.020
201712 122.278 99.400 138.639
201803 121.937 99.200 138.531
201806 110.187 99.200 125.182
201809 114.028 99.900 128.638
201812 109.089 99.700 123.313
201903 123.901 99.700 140.057
201906 121.384 99.800 137.074
201909 125.033 100.100 140.771
201912 120.488 100.500 135.114
202003 122.196 100.300 137.303
202006 117.903 99.900 133.010
202009 112.417 99.900 126.821
202012 104.870 99.300 119.022
202103 111.533 99.900 125.824
202106 109.877 99.500 124.454
202109 103.648 100.100 116.695
202112 109.874 100.100 123.704
202203 137.672 101.100 153.468
202206 144.392 101.800 159.852
202209 150.964 103.100 165.021
202212 150.760 104.100 163.215
202303 167.082 104.400 180.365
202306 169.968 105.200 182.085
202309 166.752 106.200 176.958
202312 166.656 106.800 175.863
202403 183.892 107.200 193.327
202406 186.767 108.200 194.535
202409 194.714 108.900 201.508
202412 177.287 110.700 180.490
202503 179.313 111.100 181.895
202506 173.274 111.700 174.825
202509 160.383 112.000 161.385
202512 161.352 113.000 160.924
202603 170.703 112.700 170.703

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 2.34 mean?
Miratap (TSE:3187) has a Cyclically Adjusted PB Ratio of 2.34 as of Aug. 13, 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 Miratap and its competitors. This is 30% below median its historical median of 3.35. Over the past decade, Miratap's Cyclically Adjusted PB Ratio has ranged from 1.56 to 11.76. According to the industry distribution chart, Miratap ranks #525 out of 798 companies in the Retail - Cyclical industry, placing it in the top 65.8%.
Is Miratap's Cyclically Adjusted PB Ratio too high?
Miratap's current Cyclically Adjusted PB Ratio of 2.34 is 30% below median its 10-year median of 3.35. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 11.76. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Miratap's value of 2.34 is 88.7% above this industry median. Based on the distribution chart, Miratap ranks #525 out of 798 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Miratap has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Miratap's Cyclically Adjusted PB Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Miratap ranks #525 out of 798 companies for Cyclically Adjusted PB Ratio. This places Miratap in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Miratap's value of 2.34 is 88.7% above this benchmark. Historically, Miratap's own Cyclically Adjusted PB Ratio has ranged from 1.56 to 11.76 over the past decade. While the company's 10-year median is 3.35 vs. the industry median of 1.24, Miratap 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 798 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. Miratap's current Cyclically Adjusted PB Ratio of 2.34 is 88.7% 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 Miratap and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miratap's current Cyclically Adjusted PB Ratio is 2.34, which is 30% below median its own 10-year median of 3.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miratap stock overvalued right now?
Based on GuruFocus' analysis, Miratap (TSE:3187) is currently considered Modestly Undervalued. The stock's GF Value™ is 円392.06, compared to a current price of 円350.00 — trading 10.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.34, which is 30% below median its 10-year median of 3.35 and 88.7% above the Retail - Cyclical industry median of 1.24. Miratap's overall GF Score™ is 66/100 with 4 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 Miratap (TSE:3187), the current Cyclically Adjusted PB Ratio is 2.34 as of Aug. 13, 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 Miratap (TSE:3187) Overvalued in 2026?

Based on GuruFocus' analysis, Miratap stock appears to be undervalued. The current stock price of 円350.00 is trading 10.7% below its estimated GF Value™ of 円392.06. GuruFocus considers Miratap to be Modestly Undervalued.

Key valuation signals for TSE:3187:

  • Cyclically Adjusted PB Ratio: 2.34 (30% below median its 10-year median of 3.35)
  • GF Value™: 円392.06 vs. price of 円350.00 (10.7% below fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 88.7% above the Retail - Cyclical median (#525 of 798)

No single metric tells the full story. See the TSE:3187 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Miratap Business Description

Address 5-54 Ofukacho, Kita-ku, Osaka, JPN, 541-0041
Miratap Inc is an online retailer that offers housing equipment and building materials. It offers products related to kitchen, bathroom, flooring, interior building materials, exterior building materials, maintenance construction materials, and others. The Company has two reportable segments: the "Housing Equipment and Building Materials E-Commerce Business" and the "Housing Business".
66GF Score

Get the complete analysis for TSE:3187

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

円350.00
Price
円392.06
GF Value