Pro-Ship (TSE:3763) Cyclically Adjusted PB Ratio: 5.75 (As of Aug. 06, 2026) — 89% Above 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:3763 Pro-Ship Inc TSE:3763
70 GF Score
Price 円1,854.00
GF Value 円957.99
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Pro-Ship Cyclically Adjusted PB Ratio?

Pro-Ship TSE:3763 -0.75% 70 Cyclically Adjusted PB Ratio is 5.75 as of Aug. 06, 2026, which is 89% above its 10-year median of 3.05. GuruFocus rates TSE:3763 with a GF Score™ of 70/100 and a GF Value™ of 円957.99 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,565 Software companies, Pro-Ship ranks worse than 78.34% on this metric.

As of today (2026-08-06), Pro-Ship's current share price is 円1854.00. Pro-Ship's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円322.43. Pro-Ship's Cyclically Adjusted PB Ratio for today is 5.75.

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

TSE:3763' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.27   Med: 3.05   Max: 5.76
Current: 5.44

During the past years, Pro-Ship's highest Cyclically Adjusted PB Ratio was 5.76. The lowest was 2.27. And the median was 3.05.

TSE:3763's Cyclically Adjusted PB Ratio is ranked worse than
78.34% of 1565 companies
in the Software industry
Industry Median: 2.24 vs TSE:3763: 5.44

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.

Pro-Ship's adjusted book value per share data for the three months ended in Mar. 2026 was 円442.877. 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322.43 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pro-Ship  (TSE:3763) 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.


Pro-Ship Cyclically Adjusted PB Ratio Related Terms


Pro-Ship Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pro-Ship'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.

Pro-Ship Cyclically Adjusted PB Ratio Chart

Pro-Ship Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.87 2.57 2.58 2.89 4.26

Pro-Ship Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 2.89 4.71 4.77 5.40 4.26

TSE:3763 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Pro-Ship'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.


Pro-Ship Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Pro-Ship's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3763
70GF Score
Pro-Ship Inc TSE:3763
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pro-Ship 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.

Pro-Ship's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1854.00/322.43
=5.75

* 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.

Pro-Ship's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pro-Ship's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=442.877/112.7000*112.7000
=442.877

Current CPI (Mar. 2026) = 112.7000.

Pro-Ship Quarterly Data

Book Value per Share CPI Adj_Book
201606 214.380 98.100 246.286
201609 222.505 98.000 255.881
201612 231.939 98.400 265.646
201703 243.565 98.100 279.814
201706 237.204 98.500 271.400
201709 246.676 98.800 281.380
201712 255.265 99.400 289.420
201803 266.510 99.200 302.779
201806 257.048 99.200 292.029
201809 263.555 99.900 297.324
201812 272.104 99.700 307.584
201903 289.131 99.700 326.831
201906 275.006 99.800 310.553
201909 281.858 100.100 317.337
201912 290.656 100.500 325.940
202003 306.842 100.300 344.777
202006 289.579 99.900 326.682
202009 299.036 99.900 337.351
202012 307.854 99.300 349.397
202103 326.583 99.900 368.427
202106 321.320 99.500 363.947
202109 335.230 100.100 377.427
202112 348.620 100.100 392.502
202203 365.684 101.100 407.642
202206 348.042 101.800 385.308
202209 241.301 103.100 263.769
202212 254.669 104.100 275.708
202303 271.318 104.400 292.888
202306 251.352 105.200 269.272
202309 263.697 106.200 279.837
202312 285.311 106.800 301.073
202403 306.956 107.200 322.705
202406 290.282 108.200 302.355
202409 298.137 108.900 308.540
202412 318.258 110.700 324.008
202503 358.864 111.100 364.032
202506 342.824 111.700 345.893
202509 375.373 112.000 377.719
202512 404.083 113.000 403.010
202603 442.877 112.700 442.877

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 5.75 mean?
Pro-Ship (TSE:3763) has a Cyclically Adjusted PB Ratio of 5.75 as of Aug. 06, 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 Pro-Ship and its competitors. This is 89% above median its historical median of 3.05. Over the past decade, Pro-Ship's Cyclically Adjusted PB Ratio has ranged from 2.27 to 5.76. According to the industry distribution chart, Pro-Ship ranks #1226 out of 1565 companies in the Software industry, placing it in the top 78.3%.
Is Pro-Ship's Cyclically Adjusted PB Ratio too high?
Pro-Ship's current Cyclically Adjusted PB Ratio of 5.75 is 89% above median its 10-year median of 3.05. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 5.76. The Software industry median Cyclically Adjusted PB Ratio is 2.24. Pro-Ship's value of 5.75 is 156.7% above this industry median. Based on the distribution chart, Pro-Ship ranks #1226 out of 1565 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Pro-Ship has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pro-Ship's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Pro-Ship ranks #1226 out of 1565 companies for Cyclically Adjusted PB Ratio. This places Pro-Ship in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.24. Pro-Ship's value of 5.75 is 156.7% above this benchmark. Historically, Pro-Ship's own Cyclically Adjusted PB Ratio has ranged from 2.27 to 5.76 over the past decade. While the company's 10-year median is 3.05 vs. the industry median of 2.24, Pro-Ship 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 2.24, based on 1,565 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. Pro-Ship's current Cyclically Adjusted PB Ratio of 5.75 is 156.7% 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 Pro-Ship and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pro-Ship's current Cyclically Adjusted PB Ratio is 5.75, which is 89% above median its own 10-year median of 3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pro-Ship stock overvalued right now?
Based on GuruFocus' analysis, Pro-Ship (TSE:3763) is currently considered Significantly Overvalued. The stock's GF Value™ is 円957.99, compared to a current price of 円1,854.00 — trading 93.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.75, which is 89% above median its 10-year median of 3.05 and 156.7% above the Software industry median of 2.24. Pro-Ship's overall GF Score™ is 70/100 with 3 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 Pro-Ship (TSE:3763), the current Cyclically Adjusted PB Ratio is 5.75 as of Aug. 06, 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 Pro-Ship (TSE:3763) Overvalued in 2026?

Based on GuruFocus' analysis, Pro-Ship stock appears to be overvalued. The current stock price of 円1,854.00 is trading 93.5% above its estimated GF Value™ of 円957.99. GuruFocus considers Pro-Ship to be Significantly Overvalued.

Key valuation signals for TSE:3763:

  • Cyclically Adjusted PB Ratio: 5.75 (89% above median its 10-year median of 3.05)
  • GF Value™: 円957.99 vs. price of 円1,854.00 (93.5% above fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 156.7% above the Software median (#1226 of 1565)

No single metric tells the full story. See the TSE:3763 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pro-Ship Business Description

Address 3-8-5 Iidabashi, Chiyoda-ku, Tokyo, JPN, 112-0004
Pro-Ship Inc is engaged in the development, sale and consulting of solution package for asset management and sales management in Japan. The company provides ProPlus series, a collection of application packages and offers strategic solutions. It offers solutions such as Fixed asset system, Inventory subsystem, Global solution, Lease asset management system, Stock management system, Maintenance management system, Cash management solution, and others.
70GF Score

Get the complete analysis for TSE:3763

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

円1,854.00
Price
円957.99
GF Value