Digital Plus (TSE:3691) Cyclically Adjusted PB Ratio: 6.04 (As of Sep. 08, 2026) — 104% Above Median

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TSE:3691 Digital Plus Inc TSE:3691
52 GF Score
Price 円1,865.00
GF Value 円1,175.92
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Digital Plus Cyclically Adjusted PB Ratio?

Digital Plus TSE:3691 -1.74% 52 Cyclically Adjusted PB Ratio is 6.04 as of Sep. 08, 2026, which is 104% above its 10-year median of 2.96. GuruFocus rates TSE:3691 with a GF Score™ of 52/100 and a GF Value™ of 円1,175.92 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 343 Interactive Media companies, Digital Plus ranks worse than 89.5% on this metric.

As of today (2026-09-08), Digital Plus's current share price is 円1865.00. Digital Plus's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円308.52. Digital Plus's Cyclically Adjusted PB Ratio for today is 6.04.

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

TSE:3691' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 2.96   Max: 7.72
Current: 6.15

During the past years, Digital Plus's highest Cyclically Adjusted PB Ratio was 7.72. The lowest was 1.29. And the median was 2.96.

TSE:3691's Cyclically Adjusted PB Ratio is ranked worse than
89.5% of 343 companies
in the Interactive Media industry
Industry Median: 1.5 vs TSE:3691: 6.15

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.

Digital Plus's adjusted book value per share data for the three months ended in Jun. 2026 was 円183.674. 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308.52 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Digital Plus  (TSE:3691) 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.


Digital Plus Cyclically Adjusted PB Ratio Related Terms


Digital Plus Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Digital Plus'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.

Digital Plus Cyclically Adjusted PB Ratio Chart

Digital Plus 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 0.00 1.74 3.87

Digital Plus Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 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 3.31 3.87 4.31 4.02 4.63

TSE:3691 vs GOOGL, META, SPOT: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Digital Plus'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.


Digital Plus Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


TSE:3691
52GF Score
Digital Plus Inc TSE:3691
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Digital Plus 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.

Digital Plus's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1865.00/308.52
=6.04

* 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.

Digital Plus's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Digital Plus's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=183.674/113.6000*113.6000
=183.674

Current CPI (Jun. 2026) = 113.6000.

Digital Plus Quarterly Data

Book Value per Share CPI Adj_Book
201606 407.187 98.100 471.523
201609 337.697 98.000 391.453
201612 337.954 98.400 390.158
201703 337.638 98.100 390.985
201706 313.048 98.500 361.038
201709 276.167 98.800 317.536
201712 239.570 99.400 273.794
201803 440.874 99.200 504.872
201806 422.469 99.200 483.795
201809 394.549 99.900 448.656
201812 355.871 99.700 405.486
201903 506.056 99.700 576.609
201906 470.509 99.800 535.569
201909 387.136 100.100 439.347
201912 374.425 100.500 423.231
202003 349.838 100.300 396.227
202006 315.381 99.900 358.631
202009 235.106 99.900 267.348
202012 265.432 99.300 303.656
202103 255.519 99.900 290.560
202106 251.984 99.500 287.692
202109 245.178 100.100 278.244
202112 286.871 100.100 325.560
202203 285.903 101.100 321.252
202206 278.677 101.800 310.979
202209 217.743 103.100 239.919
202212 197.811 104.100 215.863
202303 186.835 104.400 203.299
202306 175.174 105.200 189.161
202309 136.545 106.200 146.059
202312 134.967 106.800 143.560
202403 133.789 107.200 141.776
202406 155.884 108.200 163.664
202409 179.084 108.900 186.813
202503 198.886 111.100 203.361
202506 185.828 111.700 188.989
202509 193.522 112.000 196.287
202512 197.373 113.000 198.421
202603 184.365 112.700 185.837
202606 183.674 113.600 183.674

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 6.04 mean?
Digital Plus (TSE:3691) has a Cyclically Adjusted PB Ratio of 6.04 as of Sep. 08, 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 Digital Plus and its competitors. This is 104% above median its historical median of 2.96. Over the past decade, Digital Plus' Cyclically Adjusted PB Ratio has ranged from 1.29 to 7.72. According to the industry distribution chart, Digital Plus ranks #307 out of 343 companies in the Interactive Media industry, placing it in the top 89.5%.
Is Digital Plus' Cyclically Adjusted PB Ratio too high?
Digital Plus' current Cyclically Adjusted PB Ratio of 6.04 is 104% above median its 10-year median of 2.96. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 7.72. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.50. Digital Plus' value of 6.04 is 302.7% above this industry median. Based on the distribution chart, Digital Plus ranks #307 out of 343 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Digital Plus has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Digital Plus' Cyclically Adjusted PB Ratio compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Digital Plus ranks #307 out of 343 companies for Cyclically Adjusted PB Ratio. This places Digital Plus in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.50. Digital Plus' value of 6.04 is 302.7% above this benchmark. Historically, Digital Plus' own Cyclically Adjusted PB Ratio has ranged from 1.29 to 7.72 over the past decade. While the company's 10-year median is 2.96 vs. the industry median of 1.50, Digital Plus 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.50, based on 343 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. Digital Plus's current Cyclically Adjusted PB Ratio of 6.04 is 302.7% 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 Digital Plus 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. Digital Plus's current Cyclically Adjusted PB Ratio is 6.04, which is 104% above median its own 10-year median of 2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Plus stock overvalued right now?
Based on GuruFocus' analysis, Digital Plus (TSE:3691) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,175.92, compared to a current price of 円1,865.00 — trading 58.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.04, which is 104% above median its 10-year median of 2.96 and 302.7% above the Interactive Media industry median of 1.50. Digital Plus' overall GF Score™ is 52/100 with 11 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 Digital Plus (TSE:3691), the current Cyclically Adjusted PB Ratio is 6.04 as of Sep. 08, 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 Digital Plus (TSE:3691) Overvalued in 2026?

Based on GuruFocus' analysis, Digital Plus stock appears to be overvalued. The current stock price of 円1,865.00 is trading 58.6% above its estimated GF Value™ of 円1,175.92. GuruFocus considers Digital Plus to be Significantly Overvalued.

Key valuation signals for TSE:3691:

  • Cyclically Adjusted PB Ratio: 6.04 (104% above median its 10-year median of 2.96)
  • GF Value™: 円1,175.92 vs. price of 円1,865.00 (58.6% above fair value)
  • GF Score™: 52/100 with 11 warning signs
  • Industry Position: 302.7% above the Interactive Media median (#307 of 343)

No single metric tells the full story. See the TSE:3691 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Digital Plus Business Description

Address 30-13 Motoyoyogi-cho, Tokyo ONEST Motoyoyogi Square, Shibuya-ku, JPN, 151-0062
Digital Plus Inc formerly Realworld Inc provides crowd sourcing services. The Company also offers cloud media and point exchange services. The Group is comprises of service segments based on business divisions that provide different services, with two reportable segments being the Digital Marketing Business and the FinTech Business. Digital marketing segments manages advertising agency, solution development and sales, consulting services Owned media management and alliance media management. The Fintech includes operation of Digital wallet, application of new technologies such as the blockchain used in Bitcoin, business development in the financial field such as investment, factoring.
52GF Score

Get the complete analysis for TSE:3691

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

円1,865.00
Price
円1,175.92
GF Value