SRA Holdings (TSE:3817) Cyclically Adjusted PB Ratio: 2.32 (As of Aug. 15, 2026) — 25% Above Median

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TSE:3817 SRA Holdings Inc TSE:3817
82 GF Score
Price 円4,890.00
GF Value 円4,754.55
Valuation Fairly Valued
View Full Analysis

What is SRA Holdings Cyclically Adjusted PB Ratio?

SRA Holdings TSE:3817 +2.52% 82 Cyclically Adjusted PB Ratio is 2.32 as of Aug. 15, 2026, which is 25% above its 10-year median of 1.85. GuruFocus rates TSE:3817 with a GF Score™ of 82/100 and a GF Value™ of 円4,754.55 (Fairly Valued). Among 1,552 Software companies, SRA Holdings ranks better than 50.58% on this metric.

As of today (2026-08-15), SRA Holdings's current share price is 円4890.00. SRA Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,110.10. SRA Holdings's Cyclically Adjusted PB Ratio for today is 2.32.

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

TSE:3817' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 1.85   Max: 2.77
Current: 2.32

During the past years, SRA Holdings's highest Cyclically Adjusted PB Ratio was 2.77. The lowest was 1.29. And the median was 1.85.

TSE:3817's Cyclically Adjusted PB Ratio is ranked better than
50.58% of 1552 companies
in the Software industry
Industry Median: 2.315 vs TSE:3817: 2.32

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.

SRA Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,659.807. 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2,110.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SRA Holdings  (TSE:3817) 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.


SRA Holdings Cyclically Adjusted PB Ratio Related Terms


SRA Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SRA Holdings'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.

SRA Holdings Cyclically Adjusted PB Ratio Chart

SRA Holdings 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 1.71 1.66 2.11 2.17 2.18

SRA Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 2.17 2.24 2.45 2.50 2.18

TSE:3817 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, SRA Holdings'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.


SRA Holdings Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:3817
82GF Score
SRA Holdings Inc TSE:3817
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SRA Holdings 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.

SRA Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4890.00/2110.10
=2.32

* 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.

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

For example, SRA Holdings'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)
=2659.807/112.7000*112.7000
=2,659.807

Current CPI (Mar. 2026) = 112.7000.

SRA Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201603 1,551.744 97.900 1,786.328
201606 1,467.057 98.100 1,685.396
201609 1,500.866 98.000 1,725.996
201612 1,546.961 98.400 1,771.773
201703 1,611.931 98.100 1,851.831
201706 1,648.394 98.500 1,886.030
201709 1,710.259 98.800 1,950.872
201712 1,633.891 99.400 1,852.510
201803 1,742.137 99.200 1,979.222
201806 1,688.907 99.200 1,918.748
201809 1,715.644 99.900 1,935.466
201812 1,705.486 99.700 1,927.866
201903 1,732.431 99.700 1,958.325
201906 1,612.872 99.800 1,821.349
201909 1,602.659 100.100 1,804.392
201912 1,559.942 100.500 1,749.308
202003 1,625.193 100.300 1,826.114
202006 1,583.205 99.900 1,786.058
202009 1,672.773 99.900 1,887.102
202012 1,750.912 99.300 1,987.188
202103 1,822.809 99.900 2,056.362
202106 1,836.184 99.500 2,079.778
202109 1,930.696 100.100 2,173.721
202112 2,005.674 100.100 2,258.136
202203 2,055.686 101.100 2,291.551
202206 2,103.510 101.800 2,328.738
202209 2,187.323 103.100 2,390.992
202212 2,255.005 104.100 2,441.297
202303 2,095.192 104.400 2,261.764
202306 2,074.736 105.200 2,222.650
202309 2,182.894 106.200 2,316.499
202312 2,279.215 106.800 2,405.127
202403 2,322.183 107.200 2,441.325
202406 2,269.611 108.200 2,364.003
202409 2,483.616 108.900 2,570.280
202503 2,438.262 111.100 2,473.376
202506 2,454.171 111.700 2,476.142
202509 2,528.890 112.000 2,544.696
202512 2,562.609 113.000 2,555.806
202603 2,659.807 112.700 2,659.807

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 2.32 mean?
SRA Holdings (TSE:3817) has a Cyclically Adjusted PB Ratio of 2.32 as of Aug. 15, 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 SRA Holdings and its competitors. This is 25% above median its historical median of 1.85. Over the past decade, SRA Holdings' Cyclically Adjusted PB Ratio has ranged from 1.29 to 2.77. According to the industry distribution chart, SRA Holdings ranks #767 out of 1552 companies in the Software industry, placing it in the top 49.4%.
Is SRA Holdings' Cyclically Adjusted PB Ratio too high?
SRA Holdings' current Cyclically Adjusted PB Ratio of 2.32 is 25% above median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 2.77. The Software industry median Cyclically Adjusted PB Ratio is 2.32. SRA Holdings' value of 2.32 is 0.2% above this industry median. Based on the distribution chart, SRA Holdings ranks #767 out of 1552 companies in the Software industry, which is above the industry midpoint. Overall, SRA Holdings has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SRA Holdings' Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, SRA Holdings ranks #767 out of 1552 companies for Cyclically Adjusted PB Ratio. This puts SRA Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.32. SRA Holdings' value of 2.32 is 0.2% above this benchmark. Historically, SRA Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.29 to 2.77 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 2.32, SRA Holdings 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 2.32, based on 1,552 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. SRA Holdings's current Cyclically Adjusted PB Ratio of 2.32 is 0.2% 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 SRA Holdings and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SRA Holdings's current Cyclically Adjusted PB Ratio is 2.32, which is 25% above median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SRA Holdings stock overvalued right now?
Based on GuruFocus' analysis, SRA Holdings (TSE:3817) is currently considered Fairly Valued. The stock's GF Value™ is 円4,754.55, compared to a current price of 円4,890.00 — trading 2.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.32, which is 25% above median its 10-year median of 1.85 and 0.2% above the Software industry median of 2.32. SRA Holdings' overall GF Score™ is 82/100. 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 SRA Holdings (TSE:3817), the current Cyclically Adjusted PB Ratio is 2.32 as of Aug. 15, 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 SRA Holdings (TSE:3817) Overvalued in 2026?

Based on GuruFocus' analysis, SRA Holdings stock appears to be overvalued. The current stock price of 円4,890.00 is trading 2.8% above its estimated GF Value™ of 円4,754.55. GuruFocus considers SRA Holdings to be Fairly Valued.

Key valuation signals for TSE:3817:

  • Cyclically Adjusted PB Ratio: 2.32 (25% above median its 10-year median of 1.85)
  • GF Value™: 円4,754.55 vs. price of 円4,890.00 (2.8% above fair value)
  • GF Score™: 82/100
  • Industry Position: 0.2% above the Software median (#767 of 1552)

No single metric tells the full story. See the TSE:3817 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SRA Holdings Business Description

Address 2-32-8 Minami-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0022
SRA Holdings Inc is an information technology services provider. The company operates through three business areas: systems development, operation/administration services and product solutions marketing. The systems development includes financial IT services, embedded IT services, academic IT services, business systems development and infrastructure development. The operation/administration services include outsourcing services, infrastructure operation services and system operation services. The product solutions marketing includes cloud security, open source software, and development support. The company has an operational presence across Europe, India, China, and Singapore.
82GF Score

Get the complete analysis for TSE:3817

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

円4,890.00
Price
円4,754.55
GF Value