Techno Mathematical Co (TSE:3787) Cyclically Adjusted PB Ratio: 0.27 (As of Aug. 07, 2026) — 59% Below 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:3787 Techno Mathematical Co Ltd TSE:3787
47 GF Score
Price 円269.00
GF Value 円778.95
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Techno Mathematical Co Cyclically Adjusted PB Ratio?

Techno Mathematical Co TSE:3787 +2.28% 47 Cyclically Adjusted PB Ratio is 0.27 as of Aug. 07, 2026, which is 59% below its 10-year median of 0.66. GuruFocus rates TSE:3787 with a GF Score™ of 47/100 and a GF Value™ of 円778.95 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,564 Software companies, Techno Mathematical Co ranks better than 92.58% on this metric.

As of today (2026-08-07), Techno Mathematical Co's current share price is 円269.00. Techno Mathematical Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was 円983.51. Techno Mathematical Co's Cyclically Adjusted PB Ratio for today is 0.27.

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

TSE:3787' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.66   Max: 1.24
Current: 0.27

During the past 13 years, Techno Mathematical Co's highest Cyclically Adjusted PB Ratio was 1.24. The lowest was 0.27. And the median was 0.66.

TSE:3787's Cyclically Adjusted PB Ratio is ranked better than
92.58% of 1564 companies
in the Software industry
Industry Median: 2.245 vs TSE:3787: 0.27

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.

Techno Mathematical Co's adjusted book value per share data of for the fiscal year that ended in Mar26 was 円698.880. 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983.51 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Techno Mathematical Co  (TSE:3787) 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.


Techno Mathematical Co Cyclically Adjusted PB Ratio Related Terms


Techno Mathematical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Techno Mathematical 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.

Techno Mathematical Co Cyclically Adjusted PB Ratio Chart

Techno Mathematical Co 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 0.54 0.71 0.63 0.51 0.58

Techno Mathematical Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.63 0.54 0.51 0.00 0.58

TSE:3787 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Techno Mathematical 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.


Techno Mathematical Co Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Techno Mathematical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3787
47GF Score
Techno Mathematical Co Ltd TSE:3787
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Techno Mathematical 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=269.00/983.51
=0.27

* 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.

Techno Mathematical Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Techno Mathematical Co's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=698.88/112.7000*112.7000
=698.880

Current CPI (Mar26) = 112.7000.

Techno Mathematical Co Annual Data

Book Value per Share CPI Adj_Book
201703 1,053.757 98.100 1,210.585
201803 1,029.852 99.200 1,170.003
201903 1,062.600 99.700 1,201.154
202003 992.281 100.300 1,114.956
202103 904.650 99.900 1,020.561
202203 871.987 101.100 972.037
202303 850.363 104.400 917.968
202403 798.489 107.200 839.456
202503 679.757 111.100 689.546
202603 698.880 112.700 698.880

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 0.27 mean?
Techno Mathematical Co (TSE:3787) has a Cyclically Adjusted PB Ratio of 0.27 as of Aug. 07, 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 Techno Mathematical Co and its competitors. This is 59% below median its historical median of 0.66. Over the past decade, Techno Mathematical Co's Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.24. According to the industry distribution chart, Techno Mathematical Co ranks #116 out of 1564 companies in the Software industry, placing it in the top 7.4%.
Is Techno Mathematical Co's Cyclically Adjusted PB Ratio too high?
Techno Mathematical Co's current Cyclically Adjusted PB Ratio of 0.27 is 59% below median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.24. The Software industry median Cyclically Adjusted PB Ratio is 2.25. Techno Mathematical Co's value of 0.27 is 88% below this industry median. Based on the distribution chart, Techno Mathematical Co ranks #116 out of 1564 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Techno Mathematical Co has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Techno Mathematical Co's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Techno Mathematical Co ranks #116 out of 1564 companies for Cyclically Adjusted PB Ratio. This places Techno Mathematical Co in the top 7% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.25. Techno Mathematical Co's value of 0.27 is 88% below this benchmark. Historically, Techno Mathematical Co's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.24 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 2.25, Techno Mathematical Co has consistently been below 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 2.25, based on 1,564 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. Techno Mathematical Co's current Cyclically Adjusted PB Ratio of 0.27 is 88% below 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 Techno Mathematical Co and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Mathematical Co's current Cyclically Adjusted PB Ratio is 0.27, which is 59% below median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Mathematical Co stock overvalued right now?
Based on GuruFocus' analysis, Techno Mathematical Co (TSE:3787) is currently considered Significantly Undervalued. The stock's GF Value™ is 円778.95, compared to a current price of 円269.00 — trading 65.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.27, which is 59% below median its 10-year median of 0.66 and 88% below the Software industry median of 2.25. Techno Mathematical Co's overall GF Score™ is 47/100 with 1 warning sign 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 Techno Mathematical Co (TSE:3787), the current Cyclically Adjusted PB Ratio is 0.27 as of Aug. 07, 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 Techno Mathematical Co (TSE:3787) Overvalued in 2026?

Based on GuruFocus' analysis, Techno Mathematical Co stock appears to be undervalued. The current stock price of 円269.00 is trading 65.5% below its estimated GF Value™ of 円778.95. GuruFocus considers Techno Mathematical Co to be Significantly Undervalued.

Key valuation signals for TSE:3787:

  • Cyclically Adjusted PB Ratio: 0.27 (59% below median its 10-year median of 0.66)
  • GF Value™: 円778.95 vs. price of 円269.00 (65.5% below fair value)
  • GF Score™: 47/100 with 1 warning sign
  • Industry Position: 88% below the Software median (#116 of 1564)

No single metric tells the full story. See the TSE:3787 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Techno Mathematical Co Business Description

Address 2-12-19 Nishi-Gotanda, 7th Floor Gotanda NN Building, Shinagawa-ku, Tokyo, JPN, 141-0031
Techno Mathematical Co Ltd is a Japan-based company engaged in the development and sale of software and hardware related products. The company provides various kinds of machines to make images, audio, and voice-related software intellectual property development. It offers varieties of products and services, of apparatus, noise reduction, still pictures, one-seg, multimedia broadcasting, window media, low latency and others.
47GF Score

Get the complete analysis for TSE:3787

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

円269.00
Price
円778.95
GF Value