Jedat (TSE:3841) Cyclically Adjusted PB Ratio: 1.46 (As of Aug. 08, 2026) — 36% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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:3841 Jedat Inc TSE:3841
66 GF Score
Price 円1,291.00
GF Value 円1,238.98
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Jedat Cyclically Adjusted PB Ratio?

Jedat TSE:3841 -0.31% 66 Cyclically Adjusted PB Ratio is 1.46 as of Aug. 08, 2026, which is 36% above its 10-year median of 1.07. GuruFocus rates TSE:3841 with a GF Score™ of 66/100 and a GF Value™ of 円1,238.98 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,564 Software companies, Jedat ranks better than 64.19% on this metric.

As of today (2026-08-08), Jedat's current share price is 円1291.00. Jedat's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円882.11. Jedat's Cyclically Adjusted PB Ratio for today is 1.46.

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

TSE:3841' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.07   Max: 3.03
Current: 1.46

During the past years, Jedat's highest Cyclically Adjusted PB Ratio was 3.03. The lowest was 0.67. And the median was 1.07.

TSE:3841's Cyclically Adjusted PB Ratio is ranked better than
64.19% of 1564 companies
in the Software industry
Industry Median: 2.245 vs TSE:3841: 1.46

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.

Jedat's adjusted book value per share data for the three months ended in Mar. 2026 was 円938.529. 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882.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jedat  (TSE:3841) 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.


Jedat Cyclically Adjusted PB Ratio Related Terms


Jedat Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Jedat'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.

Jedat Cyclically Adjusted PB Ratio Chart

Jedat 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 1.13 1.12 1.50 1.59 1.25

Jedat Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 1.59 0.00 0.00 0.00 1.25

TSE:3841 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Jedat'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.


Jedat Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:3841
66GF Score
Jedat Inc TSE:3841
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jedat 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.

Jedat's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1291.00/882.11
=1.46

* 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.

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

For example, Jedat'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)
=938.529/112.7000*112.7000
=938.529

Current CPI (Mar. 2026) = 112.7000.

Jedat Quarterly Data

Book Value per Share CPI Adj_Book
201512 642.897 98.100 738.578
201603 661.546 97.900 761.555
201606 647.967 98.100 744.402
201609 671.950 98.000 772.743
201612 672.322 98.400 770.027
201703 700.541 98.100 804.801
201706 679.265 98.500 777.189
201709 701.766 98.800 800.496
201712 703.255 99.400 797.353
201803 717.217 99.200 814.822
201806 702.225 99.200 797.790
201809 713.531 99.900 804.954
201812 712.744 99.700 805.680
201903 729.816 99.700 824.978
201906 719.587 99.800 812.600
201909 732.586 100.100 824.800
201912 734.655 100.500 823.837
202003 745.548 100.300 837.719
202006 743.971 99.900 839.295
202009 747.868 99.900 843.691
202012 745.960 99.300 846.623
202103 761.798 99.900 859.406
202106 783.451 99.500 887.386
202109 770.831 100.100 867.859
202112 794.049 100.100 893.999
202203 809.085 101.100 901.918
202206 816.602 101.800 904.038
202209 828.700 103.100 905.863
202212 839.985 104.100 909.379
202303 857.977 104.400 926.188
202306 859.005 105.200 920.246
202309 867.694 106.200 920.801
202312 885.908 106.800 934.849
202403 918.371 107.200 965.489
202409 895.313 108.900 926.554
202503 933.818 111.100 947.266
202506 913.677 111.700 921.857
202509 913.412 112.000 919.121
202512 925.121 113.000 922.665
202603 938.529 112.700 938.529

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 1.46 mean?
Jedat (TSE:3841) has a Cyclically Adjusted PB Ratio of 1.46 as of Aug. 08, 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 Jedat and its competitors. This is 36% above median its historical median of 1.07. Over the past decade, Jedat's Cyclically Adjusted PB Ratio has ranged from 0.67 to 3.03. According to the industry distribution chart, Jedat ranks #560 out of 1564 companies in the Software industry, placing it in the top 35.8%.
Is Jedat's Cyclically Adjusted PB Ratio too high?
Jedat's current Cyclically Adjusted PB Ratio of 1.46 is 36% above median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 3.03. The Software industry median Cyclically Adjusted PB Ratio is 2.25. Jedat's value of 1.46 is 35% below this industry median. Based on the distribution chart, Jedat ranks #560 out of 1564 companies in the Software industry, which is above the industry midpoint. Overall, Jedat has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jedat's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Jedat ranks #560 out of 1564 companies for Cyclically Adjusted PB Ratio. This puts Jedat in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.25. Jedat's value of 1.46 is 35% below this benchmark. Historically, Jedat's own Cyclically Adjusted PB Ratio has ranged from 0.67 to 3.03 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 2.25, Jedat 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. Jedat's current Cyclically Adjusted PB Ratio of 1.46 is 35% 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 Jedat 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. Jedat's current Cyclically Adjusted PB Ratio is 1.46, which is 36% above median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jedat stock overvalued right now?
Based on GuruFocus' analysis, Jedat (TSE:3841) is currently considered Fairly Valued. The stock's GF Value™ is 円1,238.98, compared to a current price of 円1,291.00 — trading 4.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.46, which is 36% above median its 10-year median of 1.07 and 35% below the Software industry median of 2.25. Jedat's overall GF Score™ is 66/100 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 Jedat (TSE:3841), the current Cyclically Adjusted PB Ratio is 1.46 as of Aug. 08, 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 Jedat (TSE:3841) Overvalued in 2026?

Based on GuruFocus' analysis, Jedat stock appears to be overvalued. The current stock price of 円1,291.00 is trading 4.2% above its estimated GF Value™ of 円1,238.98. GuruFocus considers Jedat to be Fairly Valued.

Key valuation signals for TSE:3841:

  • Cyclically Adjusted PB Ratio: 1.46 (36% above median its 10-year median of 1.07)
  • GF Value™: 円1,238.98 vs. price of 円1,291.00 (4.2% above fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 35% below the Software median (#560 of 1564)

No single metric tells the full story. See the TSE:3841 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jedat Business Description

Address 1-4-12, Chuo-ku, Tokyo, JPN, 104-0043
Jedat Inc is engaged in the research and development of electronic design automation software for designing semiconductor devices, chips, and liquid crystal display panels. The company also offers training services for EDA software, distribution of EDA software, and analog LSI design consulting services.
66GF Score

Get the complete analysis for TSE:3841

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

円1,291.00
Price
円1,238.98
GF Value