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FFRI SecurityTSE:3692 +4.22%88 Cyclically Adjusted PB Ratio is 24.63 as of Aug. 11, 2026, which is 80% above its 10-year median of 13.66. GuruFocus rates TSE:3692 with a GF Score™ of 88/100 and a GF Value™ of 円4,244.51 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,558 Software companies, FFRI Security ranks worse than 96.79% on this metric.
The historical rank and industry rank for FFRI Security's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:3692'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.97 Med: 13.66 Max: 28.69
Current: 23.63
During the past years, FFRI Security's highest Cyclically Adjusted PB Ratio was 28.69. The lowest was 5.97. And the median was 13.66.
TSE:3692's Cyclically Adjusted PB Ratio is ranked worse than 96.79% of 1558
companies
in the Software industry
Industry Median: 2.31
vs TSE:3692: 23.63
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.
FFRI Security's adjusted book value per share data for the three months ended in Mar. 2026 was 円477.581. 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220.47 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
FFRI Security (TSE:3692) 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.
FFRI Security Cyclically Adjusted PB Ratio Related Terms
FFRI Security Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for FFRI Security'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.
TSE:3692 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison
For the Software - Application subindustry, FFRI Security'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.
FFRI Security Cyclically Adjusted PB Ratio vs Software Industry
For the Software industry and Technology sector, FFRI Security's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where FFRI Security's Cyclically Adjusted PB Ratio falls into.
FFRI Security 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.
FFRI Security's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 24.63 mean?
FFRI Security (TSE:3692) has a Cyclically Adjusted PB Ratio of 24.63 as of Aug. 11, 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 FFRI Security and its competitors. This is 80% above median its historical median of 13.66. Over the past decade, FFRI Security's Cyclically Adjusted PB Ratio has ranged from 5.97 to 28.69. According to the industry distribution chart, FFRI Security ranks #1508 out of 1558 companies in the Software industry, placing it in the top 96.8%.
Is FFRI Security's Cyclically Adjusted PB Ratio too high?
FFRI Security's current Cyclically Adjusted PB Ratio of 24.63 is 80% above median its 10-year median of 13.66. Over the past 10 years, this metric has ranged from a low of 5.97 to a high of 28.69. The Software industry median Cyclically Adjusted PB Ratio is 2.31. FFRI Security's value of 24.63 is 966.2% above this industry median. Based on the distribution chart, FFRI Security ranks #1508 out of 1558 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, FFRI Security has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FFRI Security's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, FFRI Security ranks #1508 out of 1558 companies for Cyclically Adjusted PB Ratio. This places FFRI Security in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. FFRI Security's value of 24.63 is 966.2% above this benchmark. Historically, FFRI Security's own Cyclically Adjusted PB Ratio has ranged from 5.97 to 28.69 over the past decade. While the company's 10-year median is 13.66 vs. the industry median of 2.31, FFRI Security 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 2.31, based on 1,558 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. FFRI Security's current Cyclically Adjusted PB Ratio of 24.63 is 966.2% 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 FFRI Security and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FFRI Security's current Cyclically Adjusted PB Ratio is 24.63, which is 80% above median its own 10-year median of 13.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FFRI Security stock overvalued right now?
Based on GuruFocus' analysis, FFRI Security (TSE:3692) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,244.51, compared to a current price of 円5,430.00 — trading 27.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 24.63, which is 80% above median its 10-year median of 13.66 and 966.2% above the Software industry median of 2.31. FFRI Security's overall GF Score™ is 88/100 with 2 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 FFRI Security (TSE:3692), the current Cyclically Adjusted PB Ratio is 24.63 as of Aug. 11, 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 FFRI Security (TSE:3692) Overvalued in 2026?
Based on GuruFocus' analysis, FFRI Security stock appears to be overvalued.
The current stock price of 円5,430.00 is trading 27.9% above its estimated GF Value™ of 円4,244.51.
GuruFocus considers FFRI Security to be Modestly Overvalued.
Key valuation signals for TSE:3692:
Cyclically Adjusted PB Ratio: 24.63 (80% above median its 10-year median of 13.66)
GF Value™: 円4,244.51 vs. price of 円5,430.00 (27.9% above fair value)
Industry Position: 966.2% above the Software median (#1508 of 1558)
No single metric tells the full story. See the TSE:3692 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FFRI Security Inc is engaged in providing computer security research, consulting, information provision, education, network system research, computer software and computer program planning, development, sales, leasing, maintenance, management, operation, and the acquisition, transfer, lending, and management of related property right such as copyrights, patent rights, utility model rights, trademark rights, and design rights.
88GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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