SOFTMAX Co (TSE:3671) Cyclically Adjusted PB Ratio: 3.09 (As of Aug. 04, 2026) — 36% Above Median

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TSE:3671 SOFTMAX Co Ltd TSE:3671
71 GF Score
Price 円325.00
GF Value 円283.94
Valuation Modestly Overvalued
! 5 Warning Signs
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What is SOFTMAX Co Cyclically Adjusted PB Ratio?

SOFTMAX Co TSE:3671 -1.52% 71 Cyclically Adjusted PB Ratio is 3.09 as of Aug. 04, 2026, which is 36% above its 10-year median of 2.27. GuruFocus rates TSE:3671 with a GF Score™ of 71/100 and a GF Value™ of 円283.94 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 355 Healthcare Providers & Services companies, SOFTMAX Co ranks worse than 71.27% on this metric.

As of today (2026-08-04), SOFTMAX Co's current share price is 円325.00. SOFTMAX Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円105.18. SOFTMAX Co's Cyclically Adjusted PB Ratio for today is 3.09.

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

TSE:3671' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.97   Med: 2.27   Max: 3.91
Current: 3.12

During the past years, SOFTMAX Co's highest Cyclically Adjusted PB Ratio was 3.91. The lowest was 1.97. And the median was 2.27.

TSE:3671's Cyclically Adjusted PB Ratio is ranked worse than
71.27% of 355 companies
in the Healthcare Providers & Services industry
Industry Median: 1.85 vs TSE:3671: 3.12

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.

SOFTMAX Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円163.224. 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105.18 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


SOFTMAX Co  (TSE:3671) 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.


SOFTMAX Co Cyclically Adjusted PB Ratio Related Terms


SOFTMAX Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SOFTMAX Co'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.

SOFTMAX Co Cyclically Adjusted PB Ratio Chart

SOFTMAX Co 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 0.00 2.74 2.08 2.14 3.18

SOFTMAX Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 2.14 2.14 2.36 3.18 0.00

TSE:3671 vs VEEV, BTSG, HQY: Cyclically Adjusted PB Ratio Comparison

For the Health Information Services subindustry, SOFTMAX Co'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.


SOFTMAX Co Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, SOFTMAX Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3671
71GF Score
SOFTMAX Co Ltd TSE:3671
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SOFTMAX Co 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.

SOFTMAX Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=325.00/105.18
=3.09

* 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.

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

For example, SOFTMAX Co'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)
=163.224/113.0000*113.0000
=163.224

Current CPI (Dec. 2025) = 113.0000.

SOFTMAX Co Quarterly Data

Book Value per Share CPI Adj_Book
201509 67.227 98.500 77.123
201512 68.760 98.100 79.204
201603 63.538 97.900 73.338
201606 61.682 98.100 71.051
201609 59.913 98.000 69.083
201612 67.142 98.400 77.104
201703 66.688 98.100 76.817
201706 66.222 98.500 75.970
201709 65.554 98.800 74.976
201712 69.219 99.400 78.690
201803 67.269 99.200 76.627
201806 68.901 99.200 78.486
201809 70.127 99.900 79.323
201812 74.901 99.700 84.893
201903 73.384 99.700 83.173
201906 74.811 99.800 84.706
201909 79.688 100.100 89.957
201912 83.745 100.500 94.161
202003 84.235 100.300 94.901
202006 84.965 99.900 96.107
202009 87.041 99.900 98.455
202012 94.785 99.300 107.862
202103 100.511 99.900 113.691
202106 101.995 99.500 115.834
202109 102.120 100.100 115.280
202112 109.790 100.100 123.939
202203 107.770 101.100 120.455
202206 110.081 101.800 122.192
202209 111.102 103.100 121.770
202212 122.635 104.100 133.120
202303 118.871 104.400 128.663
202306 120.576 105.200 129.516
202309 122.845 106.200 130.711
202312 134.175 106.800 141.964
202403 127.112 107.200 133.989
202406 132.466 108.200 138.342
202412 146.596 110.700 149.642
202503 146.423 111.100 148.927
202506 151.975 111.700 153.744
202512 163.224 113.000 163.224

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 3.09 mean?
SOFTMAX Co (TSE:3671) has a Cyclically Adjusted PB Ratio of 3.09 as of Aug. 04, 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 SOFTMAX Co and its competitors. This is 36% above median its historical median of 2.27. Over the past decade, SOFTMAX Co's Cyclically Adjusted PB Ratio has ranged from 1.97 to 3.91. According to the industry distribution chart, SOFTMAX Co ranks #253 out of 355 companies in the Healthcare Providers & Services industry, placing it in the top 71.3%.
Is SOFTMAX Co's Cyclically Adjusted PB Ratio too high?
SOFTMAX Co's current Cyclically Adjusted PB Ratio of 3.09 is 36% above median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 1.97 to a high of 3.91. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.85. SOFTMAX Co's value of 3.09 is 67% above this industry median. Based on the distribution chart, SOFTMAX Co ranks #253 out of 355 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, SOFTMAX Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SOFTMAX Co's Cyclically Adjusted PB Ratio compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, SOFTMAX Co ranks #253 out of 355 companies for Cyclically Adjusted PB Ratio. This places SOFTMAX Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. SOFTMAX Co's value of 3.09 is 67% above this benchmark. Historically, SOFTMAX Co's own Cyclically Adjusted PB Ratio has ranged from 1.97 to 3.91 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 1.85, SOFTMAX Co 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.85, based on 355 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. SOFTMAX Co's current Cyclically Adjusted PB Ratio of 3.09 is 67% 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 SOFTMAX Co and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SOFTMAX Co's current Cyclically Adjusted PB Ratio is 3.09, which is 36% above median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SOFTMAX Co stock overvalued right now?
Based on GuruFocus' analysis, SOFTMAX Co (TSE:3671) is currently considered Modestly Overvalued. The stock's GF Value™ is 円283.94, compared to a current price of 円325.00 — trading 14.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.09, which is 36% above median its 10-year median of 2.27 and 67% above the Healthcare Providers & Services industry median of 1.85. SOFTMAX Co's overall GF Score™ is 71/100 with 5 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 SOFTMAX Co (TSE:3671), the current Cyclically Adjusted PB Ratio is 3.09 as of Aug. 04, 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 SOFTMAX Co (TSE:3671) Overvalued in 2026?

Based on GuruFocus' analysis, SOFTMAX Co stock appears to be overvalued. The current stock price of 円325.00 is trading 14.5% above its estimated GF Value™ of 円283.94. GuruFocus considers SOFTMAX Co to be Modestly Overvalued.

Key valuation signals for TSE:3671:

  • Cyclically Adjusted PB Ratio: 3.09 (36% above median its 10-year median of 2.27)
  • GF Value™: 円283.94 vs. price of 円325.00 (14.5% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 67% above the Healthcare Providers & Services median (#253 of 355)

No single metric tells the full story. See the TSE:3671 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SOFTMAX Co Business Description

Address Gotenyama Trust Tower, 7th floor, 4-7-35 Shinagawa-ku, Tokyo, JPN, 103-0011
SOFTMAX Co Ltd provides optimal solutions for customers based on their developed PlusUs series such as Web type electronic charts and medical accounting. It offers Web-type electronic medical record and ordering systems, health checkup systems, radiology department information systems, rehabilitation department systems, surgical department systems, hospital goods management systems, and nursing care management systems. Geographically it operates through the region of Japan.
71GF Score

Get the complete analysis for TSE:3671

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

円325.00
Price
円283.94
GF Value