Startia Holdings (TSE:3393) Cyclically Adjusted PB Ratio: 4.85 (As of Aug. 07, 2026) — 81% Above 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:3393 Startia Holdings Inc TSE:3393
91 GF Score
Price 円3,035.00
GF Value 円2,613.33
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Startia Holdings Cyclically Adjusted PB Ratio?

Startia Holdings TSE:3393 -1.46% 91 Cyclically Adjusted PB Ratio is 4.85 as of Aug. 07, 2026, which is 81% above its 10-year median of 2.68. GuruFocus rates TSE:3393 with a GF Score™ of 91/100 and a GF Value™ of 円2,613.33 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,564 Software companies, Startia Holdings ranks worse than 75.77% on this metric.

As of today (2026-08-07), Startia Holdings's current share price is 円3035.00. Startia Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円626.31. Startia Holdings's Cyclically Adjusted PB Ratio for today is 4.85.

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

TSE:3393' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.06   Med: 2.68   Max: 5.38
Current: 4.98

During the past years, Startia Holdings's highest Cyclically Adjusted PB Ratio was 5.38. The lowest was 1.06. And the median was 2.68.

TSE:3393's Cyclically Adjusted PB Ratio is ranked worse than
75.77% of 1564 companies
in the Software industry
Industry Median: 2.245 vs TSE:3393: 4.98

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.

Startia Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円898.047. 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626.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Startia Holdings  (TSE:3393) 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.


Startia Holdings Cyclically Adjusted PB Ratio Related Terms


Startia Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Startia Holdings'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.

Startia Holdings Cyclically Adjusted PB Ratio Chart

Startia Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.46 3.30 3.00 3.79 4.26

Startia Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 3.79 0.00 0.00 0.00 4.26

TSE:3393 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Startia Holdings'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.


Startia Holdings Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:3393
91GF Score
Startia Holdings Inc TSE:3393
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Startia Holdings 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.

Startia Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3035.00/626.31
=4.85

* 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.

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

For example, Startia Holdings'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)
=898.047/112.7000*112.7000
=898.047

Current CPI (Mar. 2026) = 112.7000.

Startia Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201603 400.774 97.900 461.361
201606 391.956 98.100 450.290
201609 398.493 98.000 458.267
201612 405.646 98.400 464.597
201703 393.125 98.100 451.633
201706 388.849 98.500 444.906
201709 406.888 98.800 464.132
201712 468.118 99.400 530.754
201803 478.223 99.200 543.304
201806 472.097 99.200 536.344
201809 486.469 99.900 548.799
201812 454.909 99.700 514.225
201903 473.956 99.700 535.756
201906 463.699 99.800 523.636
201909 470.598 100.100 529.834
201912 468.265 100.500 525.109
202003 478.245 100.300 537.370
202006 468.162 99.900 528.147
202009 480.344 99.900 541.890
202012 471.841 99.300 535.513
202103 463.051 99.900 522.381
202106 452.564 99.500 512.603
202109 484.758 100.100 545.776
202112 384.357 100.100 432.738
202203 484.949 101.100 540.591
202206 485.974 101.800 538.009
202209 526.007 103.100 574.985
202212 621.881 104.100 673.256
202303 609.612 104.400 658.077
202306 620.464 105.200 664.699
202309 667.556 106.200 708.414
202312 663.318 106.800 699.962
202403 724.280 107.200 761.440
202406 751.482 108.200 782.736
202409 783.447 108.900 810.785
202503 802.978 111.100 814.542
202506 739.704 111.700 746.326
202509 805.161 112.000 810.193
202512 813.849 113.000 811.688
202603 898.047 112.700 898.047

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 4.85 mean?
Startia Holdings (TSE:3393) has a Cyclically Adjusted PB Ratio of 4.85 as of Aug. 07, 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 Startia Holdings and its competitors. This is 81% above median its historical median of 2.68. Over the past decade, Startia Holdings' Cyclically Adjusted PB Ratio has ranged from 1.06 to 5.38. According to the industry distribution chart, Startia Holdings ranks #1185 out of 1564 companies in the Software industry, placing it in the top 75.8%.
Is Startia Holdings' Cyclically Adjusted PB Ratio too high?
Startia Holdings' current Cyclically Adjusted PB Ratio of 4.85 is 81% above median its 10-year median of 2.68. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 5.38. The Software industry median Cyclically Adjusted PB Ratio is 2.25. Startia Holdings' value of 4.85 is 116% above this industry median. Based on the distribution chart, Startia Holdings ranks #1185 out of 1564 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Startia Holdings has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Startia Holdings' Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Startia Holdings ranks #1185 out of 1564 companies for Cyclically Adjusted PB Ratio. This places Startia Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.25. Startia Holdings' value of 4.85 is 116% above this benchmark. Historically, Startia Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.06 to 5.38 over the past decade. While the company's 10-year median is 2.68 vs. the industry median of 2.25, Startia Holdings 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.25, based on 1,564 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. Startia Holdings's current Cyclically Adjusted PB Ratio of 4.85 is 116% 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 Startia Holdings and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Startia Holdings's current Cyclically Adjusted PB Ratio is 4.85, which is 81% above median its own 10-year median of 2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Startia Holdings stock overvalued right now?
Based on GuruFocus' analysis, Startia Holdings (TSE:3393) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,613.33, compared to a current price of 円3,035.00 — trading 16.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.85, which is 81% above median its 10-year median of 2.68 and 116% above the Software industry median of 2.25. Startia Holdings' overall GF Score™ is 91/100 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 Startia Holdings (TSE:3393), the current Cyclically Adjusted PB Ratio is 4.85 as of Aug. 07, 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 Startia Holdings (TSE:3393) Overvalued in 2026?

Based on GuruFocus' analysis, Startia Holdings stock appears to be overvalued. The current stock price of 円3,035.00 is trading 16.1% above its estimated GF Value™ of 円2,613.33. GuruFocus considers Startia Holdings to be Modestly Overvalued.

Key valuation signals for TSE:3393:

  • Cyclically Adjusted PB Ratio: 4.85 (81% above median its 10-year median of 2.68)
  • GF Value™: 円2,613.33 vs. price of 円3,035.00 (16.1% above fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 116% above the Software median (#1185 of 1564)

No single metric tells the full story. See the TSE:3393 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Startia Holdings Business Description

Address 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0919
Startia Holdings Inc is engaged in the provision of information technology services in Japan. It operates through the following business divisions: the web solution-related division, the network solution-related divisions, and the business solution-related divisions.
91GF Score

Get the complete analysis for TSE:3393

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

円3,035.00
Price
円2,613.33
GF Value