Media Do Co (TSE:3678) Cyclically Adjusted PB Ratio: 1.61 (As of Aug. 13, 2026) — 31% Below Median

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TSE:3678 Media Do Co Ltd TSE:3678
66 GF Score
Price 円1,285.00
GF Value 円1,721.36
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Media Do Co Cyclically Adjusted PB Ratio?

Media Do Co TSE:3678 +2.64% 66 Cyclically Adjusted PB Ratio is 1.61 as of Aug. 13, 2026, which is 31% below its 10-year median of 2.35. GuruFocus rates TSE:3678 with a GF Score™ of 66/100 and a GF Value™ of 円1,721.36 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 697 Media - Diversified companies, Media Do Co ranks worse than 66.28% on this metric.

As of today (2026-08-13), Media Do Co's current share price is 円1285.00. Media Do Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was 円797.99. Media Do Co's Cyclically Adjusted PB Ratio for today is 1.61.

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

TSE:3678' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.52   Med: 2.35   Max: 3.11
Current: 1.56

During the past years, Media Do Co's highest Cyclically Adjusted PB Ratio was 3.11. The lowest was 1.52. And the median was 2.35.

TSE:3678's Cyclically Adjusted PB Ratio is ranked worse than
66.28% of 697 companies
in the Media - Diversified industry
Industry Median: 0.96 vs TSE:3678: 1.56

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.

Media Do Co's adjusted book value per share data for the three months ended in Feb. 2026 was 円1,255.353. 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797.99 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Media Do Co  (TSE:3678) 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.


Media Do Co Cyclically Adjusted PB Ratio Related Terms


Media Do Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Media Do 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.

Media Do Co Cyclically Adjusted PB Ratio Chart

Media Do Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 2.32 2.29 2.07

Media Do Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 2.34 2.44 2.34 2.07 0.00

TSE:3678 vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Media Do 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.


Media Do Co Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Media Do Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3678
66GF Score
Media Do Co Ltd TSE:3678
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Media Do 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1285.00/797.99
=1.61

* 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.

Media Do Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, Media Do Co's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=1255.353/112.2000*112.2000
=1,255.353

Current CPI (Feb. 2026) = 112.2000.

Media Do Co Quarterly Data

Book Value per Share CPI Adj_Book
201605 233.686 98.200 267.002
201608 241.266 97.900 276.507
201611 260.455 98.600 296.380
201702 275.362 98.100 314.940
201705 256.064 98.600 291.383
201708 355.313 98.500 404.732
201711 368.674 99.100 417.409
201802 368.476 99.500 415.508
201805 363.851 99.300 411.119
201808 300.852 99.800 338.232
201811 384.880 100.000 431.835
201902 359.695 99.700 404.792
201905 409.103 100.000 459.014
201908 362.650 100.000 406.893
201911 390.779 100.500 436.273
202002 411.981 100.300 460.860
202005 426.092 100.100 477.598
202008 478.449 100.100 536.283
202011 574.545 99.500 647.879
202102 788.326 99.800 886.274
202105 987.766 99.400 1,114.963
202108 1,003.214 99.700 1,128.993
202111 1,022.876 100.100 1,146.520
202202 1,059.483 100.700 1,180.477
202205 1,026.092 101.800 1,130.919
202208 1,077.277 102.700 1,176.928
202211 1,071.836 103.900 1,157.459
202302 1,082.555 104.000 1,167.910
202305 1,090.722 105.100 1,164.405
202308 1,131.079 105.900 1,198.367
202311 1,160.193 106.900 1,217.714
202402 1,070.805 106.900 1,123.894
202405 1,075.304 108.100 1,116.088
202408 1,106.372 109.100 1,137.809
202411 1,111.536 110.000 1,133.767
202502 1,161.573 110.800 1,176.250
202505 1,174.048 111.800 1,178.249
202508 1,207.510 112.100 1,208.587
202511 1,234.980 113.200 1,224.070
202602 1,255.353 112.200 1,255.353

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 1.61 mean?
Media Do Co (TSE:3678) has a Cyclically Adjusted PB Ratio of 1.61 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 Media Do Co and its competitors. This is 31% below median its historical median of 2.35. Over the past decade, Media Do Co's Cyclically Adjusted PB Ratio has ranged from 1.52 to 3.11. According to the industry distribution chart, Media Do Co ranks #462 out of 697 companies in the Media - Diversified industry, placing it in the top 66.3%.
Is Media Do Co's Cyclically Adjusted PB Ratio too high?
Media Do Co's current Cyclically Adjusted PB Ratio of 1.61 is 31% below median its 10-year median of 2.35. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 3.11. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.96. Media Do Co's value of 1.61 is 67.7% above this industry median. Based on the distribution chart, Media Do Co ranks #462 out of 697 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Media Do Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Media Do Co's Cyclically Adjusted PB Ratio compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Media Do Co ranks #462 out of 697 companies for Cyclically Adjusted PB Ratio. This places Media Do Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.96. Media Do Co's value of 1.61 is 67.7% above this benchmark. Historically, Media Do Co's own Cyclically Adjusted PB Ratio has ranged from 1.52 to 3.11 over the past decade. While the company's 10-year median is 2.35 vs. the industry median of 0.96, Media Do 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.96, based on 697 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. Media Do Co's current Cyclically Adjusted PB Ratio of 1.61 is 67.7% 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 Media Do Co and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Media Do Co's current Cyclically Adjusted PB Ratio is 1.61, which is 31% below median its own 10-year median of 2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Media Do Co stock overvalued right now?
Based on GuruFocus' analysis, Media Do Co (TSE:3678) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,721.36, compared to a current price of 円1,285.00 — trading 25.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.61, which is 31% below median its 10-year median of 2.35 and 67.7% above the Media - Diversified industry median of 0.96. Media Do Co'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 Media Do Co (TSE:3678), the current Cyclically Adjusted PB Ratio is 1.61 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 Media Do Co (TSE:3678) Overvalued in 2026?

Based on GuruFocus' analysis, Media Do Co stock appears to be undervalued. The current stock price of 円1,285.00 is trading 25.3% below its estimated GF Value™ of 円1,721.36. GuruFocus considers Media Do Co to be Modestly Undervalued.

Key valuation signals for TSE:3678:

  • Cyclically Adjusted PB Ratio: 1.61 (31% below median its 10-year median of 2.35)
  • GF Value™: 円1,721.36 vs. price of 円1,285.00 (25.3% below fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 67.7% above the Media - Diversified median (#462 of 697)

No single metric tells the full story. See the TSE:3678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Media Do Co Business Description

Address 1-1-1 Hitotsubashi Chiyoda-ku, 5th & 8th Floor, Palaceside Building, Tokyo, JPN, 100-0003
Media Do Co Ltd is engaged in the business of distributing eBooks. The company provides all kinds of trade eBooks, from comics, fiction, and nonfiction books to photo-books and magazines. The group operates two segments: E-book Distribution Business and Strategic Investment Business. The majority of its revenue is generated from the E-book Distribution Business, which mainly involves acting as an intermediary for domestic e-bookstores, and the intermediary business. Strategic Investment Projects is a group of businesses that aims to create a second revenue stream by utilizing the various networks cultivated within the company.
66GF Score

Get the complete analysis for TSE:3678

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

円1,285.00
Price
円1,721.36
GF Value