Enish (TSE:3667) Cyclically Adjusted PB Ratio: 0.31 (As of Sep. 14, 2026) — 81% 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:3667 Enish Inc TSE:3667
39 GF Score
Price 円27.00
GF Value 円37.78
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Enish Cyclically Adjusted PB Ratio?

Enish TSE:3667 39 Cyclically Adjusted PB Ratio is 0.31 as of Sep. 14, 2026, which is 81% below its 10-year median of 1.61. GuruFocus rates TSE:3667 with a GF Score™ of 39/100 and a GF Value™ of 円37.78 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 344 Interactive Media companies, Enish ranks better than 88.95% on this metric.

As of today (2026-09-14), Enish's current share price is 円27.00. Enish's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was 円86.11. Enish's Cyclically Adjusted PB Ratio for today is 0.31.

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

TSE:3667' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 1.61   Max: 4.53
Current: 0.31

During the past 13 years, Enish's highest Cyclically Adjusted PB Ratio was 4.53. The lowest was 0.31. And the median was 1.61.

TSE:3667's Cyclically Adjusted PB Ratio is ranked better than
88.95% of 344 companies
in the Interactive Media industry
Industry Median: 1.5 vs TSE:3667: 0.31

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.

Enish's adjusted book value per share data of for the fiscal year that ended in Dec25 was 円20.098. 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86.11 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Enish  (TSE:3667) 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.


Enish Cyclically Adjusted PB Ratio Related Terms


Enish Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Enish'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.

Enish Cyclically Adjusted PB Ratio Chart

Enish Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.93 1.88 1.17 1.33 0.66

Enish Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 2.01 1.33 0.95 0.66 0.29

TSE:3667 vs NTES, TTWO, RBLX: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Enish'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.


Enish Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


TSE:3667
39GF Score
Enish Inc TSE:3667
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enish 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.00/86.11
=0.31

* 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.

Enish's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Enish's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=20.098/113.0000*113.0000
=20.098

Current CPI (Dec25) = 113.0000.

Enish Annual Data

Book Value per Share CPI Adj_Book
201612 216.098 98.400 248.161
201712 95.259 99.400 108.292
201812 145.124 99.700 164.484
201912 66.552 100.500 74.830
202012 61.246 99.300 69.696
202112 40.577 100.100 45.806
202212 65.373 104.100 70.962
202312 23.605 106.800 24.975
202412 33.136 110.700 33.824
202512 20.098 113.000 20.098

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 0.31 mean?
Enish (TSE:3667) has a Cyclically Adjusted PB Ratio of 0.31 as of Sep. 14, 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 Enish and its competitors. This is 81% below median its historical median of 1.61. Over the past decade, Enish's Cyclically Adjusted PB Ratio has ranged from 0.31 to 4.53. According to the industry distribution chart, Enish ranks #38 out of 344 companies in the Interactive Media industry, placing it in the top 11%.
Is Enish's Cyclically Adjusted PB Ratio too high?
Enish's current Cyclically Adjusted PB Ratio of 0.31 is 81% below median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 4.53. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.50. Enish's value of 0.31 is 79.3% below this industry median. Based on the distribution chart, Enish ranks #38 out of 344 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Enish has a GF Score™ of 39/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enish's Cyclically Adjusted PB Ratio compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, Enish ranks #38 out of 344 companies for Cyclically Adjusted PB Ratio. This places Enish in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.50. Enish's value of 0.31 is 79.3% below this benchmark. Historically, Enish's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 4.53 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 1.50, Enish 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 1.50, based on 344 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. Enish's current Cyclically Adjusted PB Ratio of 0.31 is 79.3% 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 Enish and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enish's current Cyclically Adjusted PB Ratio is 0.31, which is 81% below median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enish stock overvalued right now?
Based on GuruFocus' analysis, Enish (TSE:3667) is currently considered Modestly Undervalued. The stock's GF Value™ is 円37.78, compared to a current price of 円27.00 — trading 28.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.31, which is 81% below median its 10-year median of 1.61 and 79.3% below the Interactive Media industry median of 1.50. Enish's overall GF Score™ is 39/100 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 Enish (TSE:3667), the current Cyclically Adjusted PB Ratio is 0.31 as of Sep. 14, 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 Enish (TSE:3667) Overvalued in 2026?

Based on GuruFocus' analysis, Enish stock appears to be undervalued. The current stock price of 円27.00 is trading 28.5% below its estimated GF Value™ of 円37.78. GuruFocus considers Enish to be Modestly Undervalued.

Key valuation signals for TSE:3667:

  • Cyclically Adjusted PB Ratio: 0.31 (81% below median its 10-year median of 1.61)
  • GF Value™: 円37.78 vs. price of 円27.00 (28.5% below fair value)
  • GF Score™: 39/100 with 4 warning signs
  • Industry Position: 79.3% below the Interactive Media median (#38 of 344)

No single metric tells the full story. See the TSE:3667 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enish Business Description

Address 1-13-1 Hiroo Fuji Machinery Building, 6F- 8F Hiroo, Shibuya-ku, Tokyo, JPN
Enish Inc is a Japan-based company engaged in mobile games business, including the planning, developing and providing social apps through the Internet. The social apps developed by the company are provided through social game platforms such as GREE, and it pays system usage fees while outsourcing fee collection to these social game platform operators.
39GF Score

Get the complete analysis for TSE:3667

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

円27.00
Price
円37.78
GF Value