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Image InformationTSE:3803 +5.92%45 Cyclically Adjusted PB Ratio is 3.13 as of Aug. 22, 2026, which is 55% above its 10-year median of 2.02. GuruFocus rates TSE:3803 with a GF Score™ of 45/100 and a GF Value™ of 円591.01 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,535 Software companies, Image Information ranks worse than 58.7% on this metric.
The historical rank and industry rank for Image Information's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:3803'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94 Med: 2.02 Max: 10.81
Current: 3.13
During the past years, Image Information's highest Cyclically Adjusted PB Ratio was 10.81. The lowest was 0.94. And the median was 2.02.
TSE:3803's Cyclically Adjusted PB Ratio is ranked worse than 58.7% of 1535
companies
in the Software industry
Industry Median: 2.31
vs TSE:3803: 3.13
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.
Image Information's adjusted book value per share data for the three months ended in Mar. 2026 was 円190.184. 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177.26 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Image Information (TSE:3803) 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.
Image Information Cyclically Adjusted PB Ratio Related Terms
Image Information Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Image Information'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.
Image Information Cyclically Adjusted PB Ratio Chart
TSE:3803 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison
For the Information Technology Services subindustry, Image Information'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.
Image Information Cyclically Adjusted PB Ratio vs Software Industry
For the Software industry and Technology sector, Image Information's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Image Information's Cyclically Adjusted PB Ratio falls into.
Image Information 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.
Image Information'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 3.13 mean?
Image Information (TSE:3803) has a Cyclically Adjusted PB Ratio of 3.13 as of Aug. 22, 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 Image Information and its competitors. This is 55% above median its historical median of 2.02. Over the past decade, Image Information's Cyclically Adjusted PB Ratio has ranged from 0.94 to 10.81. According to the industry distribution chart, Image Information ranks #901 out of 1535 companies in the Software industry, placing it in the top 58.7%.
Is Image Information's Cyclically Adjusted PB Ratio too high?
Image Information's current Cyclically Adjusted PB Ratio of 3.13 is 55% above median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 10.81. The Software industry median Cyclically Adjusted PB Ratio is 2.31. Image Information's value of 3.13 is 35.5% above this industry median. Based on the distribution chart, Image Information ranks #901 out of 1535 companies in the Software industry, which is below the industry midpoint. Overall, Image Information has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Image Information's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Image Information ranks #901 out of 1535 companies for Cyclically Adjusted PB Ratio. This places Image Information in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. Image Information's value of 3.13 is 35.5% above this benchmark. Historically, Image Information's own Cyclically Adjusted PB Ratio has ranged from 0.94 to 10.81 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 2.31, Image Information 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 1,535 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. Image Information's current Cyclically Adjusted PB Ratio of 3.13 is 35.5% 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 Image Information 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. Image Information's current Cyclically Adjusted PB Ratio is 3.13, which is 55% above median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Image Information stock overvalued right now?
Based on GuruFocus' analysis, Image Information (TSE:3803) is currently considered Fairly Valued. The stock's GF Value™ is 円591.01, compared to a current price of 円555.00 — trading 6.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.13, which is 55% above median its 10-year median of 2.02 and 35.5% above the Software industry median of 2.31. Image Information's overall GF Score™ is 45/100 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 Image Information (TSE:3803), the current Cyclically Adjusted PB Ratio is 3.13 as of Aug. 22, 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 Image Information (TSE:3803) Overvalued in 2026?
Based on GuruFocus' analysis, Image Information stock appears to be undervalued.
The current stock price of 円555.00 is trading 6.1% below its estimated GF Value™ of 円591.01.
GuruFocus considers Image Information to be Fairly Valued.
Key valuation signals for TSE:3803:
Cyclically Adjusted PB Ratio: 3.13 (55% above median its 10-year median of 2.02)
GF Value™: 円591.01 vs. price of 円555.00 (6.1% below fair value)
Industry Position: 35.5% above the Software median (#901 of 1535)
No single metric tells the full story. See the TSE:3803 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Image Information Inc is engaged in delivering high value, low risk document and information management systems to the commercial and government sectors. It also has IT solution business, a nanotechnology business, medical business, sports, and healthcare business. Its product and solutions include Broadom, i-case smart, and easynavi.
45GF Score
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