Drecom Co (TSE:3793) Cyclically Adjusted PB Ratio: 3.30 (As of Aug. 10, 2026) — 50% Below Median

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TSE:3793 Drecom Co Ltd TSE:3793
60 GF Score
Price 円459.00
GF Value 円1,139.50
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Drecom Co Cyclically Adjusted PB Ratio?

Drecom Co TSE:3793 +0.66% 60 Cyclically Adjusted PB Ratio is 3.30 as of Aug. 10, 2026, which is 50% below its 10-year median of 6.60. GuruFocus rates TSE:3793 with a GF Score™ of 60/100 and a GF Value™ of 円1,139.50 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 346 Interactive Media companies, Drecom Co ranks worse than 72.83% on this metric.

As of today (2026-08-10), Drecom Co's current share price is 円459.00. Drecom Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円139.08. Drecom Co's Cyclically Adjusted PB Ratio for today is 3.30.

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

TSE:3793' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.83   Med: 6.6   Max: 17.77
Current: 3.28

During the past years, Drecom Co's highest Cyclically Adjusted PB Ratio was 17.77. The lowest was 2.83. And the median was 6.60.

TSE:3793's Cyclically Adjusted PB Ratio is ranked worse than
72.83% of 346 companies
in the Interactive Media industry
Industry Median: 1.505 vs TSE:3793: 3.28

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.

Drecom Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円174.255. 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139.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Drecom Co  (TSE:3793) 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.


Drecom Co Cyclically Adjusted PB Ratio Related Terms


Drecom Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Drecom 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.

Drecom Co Cyclically Adjusted PB Ratio Chart

Drecom 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 5.97 7.43 8.77 4.33 2.80

Drecom Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 4.15 3.50 2.93 2.80 0.00

TSE:3793 vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Drecom 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.


Drecom Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


TSE:3793
60GF Score
Drecom Co Ltd TSE:3793
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Drecom 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=459.00/139.08
=3.30

* 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.

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

For example, Drecom Co'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)
=174.255/112.7000*112.7000
=174.255

Current CPI (Mar. 2026) = 112.7000.

Drecom Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 59.273 98.100 68.094
201609 62.023 98.000 71.326
201612 71.693 98.400 82.112
201703 118.757 98.100 136.431
201706 119.196 98.500 136.380
201709 121.254 98.800 138.313
201712 123.265 99.400 139.758
201803 114.714 99.200 130.325
201806 97.428 99.200 110.687
201809 86.066 99.900 97.093
201812 61.703 99.700 69.749
201903 50.039 99.700 56.564
201906 54.520 99.800 61.567
201909 58.704 100.100 66.093
201912 64.886 100.500 72.763
202003 76.111 100.300 85.521
202006 92.638 99.900 104.508
202009 106.625 99.900 120.287
202012 123.470 99.300 140.132
202103 134.968 99.900 152.261
202106 145.611 99.500 164.928
202109 158.175 100.100 178.085
202112 161.214 100.100 181.507
202203 160.783 101.100 179.231
202206 174.027 101.800 192.661
202209 194.011 103.100 212.076
202212 197.868 104.100 214.214
202303 197.425 104.400 213.121
202306 176.892 105.200 189.503
202309 188.203 106.200 199.722
202312 197.499 106.800 208.410
202403 198.006 107.200 208.165
202406 193.564 108.200 201.614
202409 164.105 108.900 169.831
202412 170.957 110.700 174.046
202503 164.113 111.100 166.476
202506 102.128 111.700 103.042
202509 84.314 112.000 84.841
202512 107.718 113.000 107.432
202603 174.255 112.700 174.255

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 3.30 mean?
Drecom Co (TSE:3793) has a Cyclically Adjusted PB Ratio of 3.30 as of Aug. 10, 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 Drecom Co and its competitors. This is 50% below median its historical median of 6.60. Over the past decade, Drecom Co's Cyclically Adjusted PB Ratio has ranged from 2.83 to 17.77. According to the industry distribution chart, Drecom Co ranks #252 out of 346 companies in the Interactive Media industry, placing it in the top 72.8%.
Is Drecom Co's Cyclically Adjusted PB Ratio too high?
Drecom Co's current Cyclically Adjusted PB Ratio of 3.30 is 50% below median its 10-year median of 6.60. Over the past 10 years, this metric has ranged from a low of 2.83 to a high of 17.77. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.51. Drecom Co's value of 3.30 is 119.3% above this industry median. Based on the distribution chart, Drecom Co ranks #252 out of 346 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Drecom Co has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Drecom Co's Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, Drecom Co ranks #252 out of 346 companies for Cyclically Adjusted PB Ratio. This places Drecom Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Drecom Co's value of 3.30 is 119.3% above this benchmark. Historically, Drecom Co's own Cyclically Adjusted PB Ratio has ranged from 2.83 to 17.77 over the past decade. While the company's 10-year median is 6.60 vs. the industry median of 1.51, Drecom 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.51, based on 346 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. Drecom Co's current Cyclically Adjusted PB Ratio of 3.30 is 119.3% 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 Drecom Co and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Drecom Co's current Cyclically Adjusted PB Ratio is 3.30, which is 50% below median its own 10-year median of 6.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Drecom Co stock overvalued right now?
Based on GuruFocus' analysis, Drecom Co (TSE:3793) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,139.50, compared to a current price of 円459.00 — trading 59.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.30, which is 50% below median its 10-year median of 6.60 and 119.3% above the Interactive Media industry median of 1.51. Drecom Co's overall GF Score™ is 60/100 with 5 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 Drecom Co (TSE:3793), the current Cyclically Adjusted PB Ratio is 3.30 as of Aug. 10, 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 Drecom Co (TSE:3793) Overvalued in 2026?

Based on GuruFocus' analysis, Drecom Co stock appears to be undervalued. The current stock price of 円459.00 is trading 59.7% below its estimated GF Value™ of 円1,139.50. GuruFocus considers Drecom Co to be Significantly Undervalued.

Key valuation signals for TSE:3793:

  • Cyclically Adjusted PB Ratio: 3.30 (50% below median its 10-year median of 6.60)
  • GF Value™: 円1,139.50 vs. price of 円459.00 (59.7% below fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 119.3% above the Interactive Media median (#252 of 346)

No single metric tells the full story. See the TSE:3793 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Drecom Co Business Description

Address ARCO Tower 17F, 8-1 1-chome, Meguro-ku, Tokyo, JPN, 153-0064
Drecom Co Ltd is engaged in the entertainment web and marketing solution businesses. The Entertainment Web segment plans and develops entertainment contents whereas Marketing Solution segment develops corporate marketing services through Internet.
60GF Score

Get the complete analysis for TSE:3793

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

円459.00
Price
円1,139.50
GF Value