MarkLines Co (TSE:3901) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

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:3901 MarkLines Co Ltd TSE:3901
89 GF Score
Price 円1,488.00
GF Value 円1,962.49
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is MarkLines Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


MarkLines Co  (TSE:3901) 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.


MarkLines Co Cyclically Adjusted PB Ratio Related Terms


MarkLines Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MarkLines 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.

MarkLines Co Cyclically Adjusted PB Ratio Chart

MarkLines Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 9.53 5.50

MarkLines Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 7.64 7.91 5.50 5.38 4.14

TSE:3901 vs GOOGL, META, SPOT: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, MarkLines 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.


MarkLines Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


TSE:3901
89GF Score
MarkLines Co Ltd TSE:3901
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MarkLines 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.

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

For example, MarkLines Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=551.151/113.6000*113.6000
=551.151

Current CPI (Jun. 2026) = 113.6000.

MarkLines Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 92.619 98.100 107.253
201609 102.039 98.000 118.282
201612 112.719 98.400 130.131
201703 108.998 98.100 126.220
201706 116.220 98.500 134.036
201709 125.084 98.800 143.821
201712 136.854 99.400 156.405
201803 133.723 99.200 153.134
201806 141.052 99.200 161.527
201809 151.208 99.900 171.944
201812 159.154 99.700 181.343
201903 156.703 99.700 178.550
201906 167.288 99.800 190.420
201909 178.343 100.100 202.395
201912 190.560 100.500 215.399
202003 182.404 100.300 206.591
202006 193.660 99.900 220.218
202009 206.150 99.900 234.421
202012 221.448 99.300 253.338
202103 220.961 99.900 251.263
202106 234.717 99.500 267.978
202109 251.117 100.100 284.984
202112 272.069 100.100 308.762
202203 273.209 101.100 306.989
202206 292.511 101.800 326.417
202209 313.027 103.100 344.907
202212 335.767 104.100 366.409
202303 336.518 104.400 366.173
202306 363.266 105.200 392.272
202309 390.297 106.200 417.493
202312 416.503 106.800 443.022
202403 420.014 107.200 445.089
202406 445.508 108.200 467.742
202412 500.230 110.700 513.334
202503 481.844 111.100 492.687
202506 506.260 111.700 514.871
202509 495.407 112.000 502.484
202512 512.688 113.000 515.410
202603 492.597 112.700 496.531
202606 551.151 113.600 551.151

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.

Is MarkLines Co (TSE:3901) Overvalued in 2026?

Based on GuruFocus' analysis, MarkLines Co stock appears to be undervalued. The current stock price of 円1,488.00 is trading 24.2% below its estimated GF Value™ of 円1,962.49. GuruFocus considers MarkLines Co to be Modestly Undervalued.

Key valuation signals for TSE:3901:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円1,962.49 vs. price of 円1,488.00 (24.2% below fair value)
  • GF Score™: 89/100 with 5 warning signs

No single metric tells the full story. See the TSE:3901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MarkLines Co Business Description

Address 2-11-1 Nagatacho, 14th Floor, Sanno Park Tower, Chiyoda-ku, Tokyo, JPN, 100-6114
MarkLines Co Ltd engages in the provision of an automotive industrial portal. The company's Information Platform offers online information services, including information about suppliers, such as who supplies whom, plant data, and market trends; sales and production statistics; reports on technology and market trends; and model plan data comprising forecasts. It also provides B2B promotional support and advertisement services that include promotional emails and banner ads under the LINES name to its Information Platform members. The company serves OEMs, parts suppliers, and material suppliers.
89GF Score

Get the complete analysis for TSE:3901

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

円1,488.00
Price
円1,962.49
GF Value