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KayacTSE:3904 -0.70%61 Cyclically Adjusted PB Ratio is 1.73 as of Aug. 17, 2026, which is 16% below its 10-year median of 2.05. GuruFocus rates TSE:3904 with a GF Score™ of 61/100 and a GF Value™ of 円783.77 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 344 Interactive Media companies, Kayac ranks worse than 55.52% on this metric.
As of today (2026-08-17), Kayac's current share price is 円423.00. Kayac's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円244.67. Kayac's Cyclically Adjusted PB Ratio for today is 1.73.
The historical rank and industry rank for Kayac's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:3904'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.57 Med: 2.05 Max: 3.32
Current: 1.74
During the past years, Kayac's highest Cyclically Adjusted PB Ratio was 3.32. The lowest was 1.57. And the median was 2.05.
TSE:3904's Cyclically Adjusted PB Ratio is ranked worse than 55.52% of 344
companies
in the Interactive Media industry
Industry Median: 1.49
vs TSE:3904: 1.74
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.
Kayac's adjusted book value per share data for the three months ended in Dec. 2025 was 円376.257. 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244.67 for the trailing ten years ended in Dec. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
Kayac (TSE:3904) 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.
Kayac Cyclically Adjusted PB Ratio Related Terms
Kayac Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Kayac'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.
TSE:3904 vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison
For the Electronic Gaming & Multimedia subindustry, Kayac'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.
Kayac Cyclically Adjusted PB Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Kayac's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Kayac's Cyclically Adjusted PB Ratio falls into.
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.
Kayac'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 1.73 mean?
Kayac (TSE:3904) has a Cyclically Adjusted PB Ratio of 1.73 as of Aug. 17, 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 Kayac and its competitors. This is 16% below median its historical median of 2.05. Over the past decade, Kayac's Cyclically Adjusted PB Ratio has ranged from 1.57 to 3.32. According to the industry distribution chart, Kayac ranks #191 out of 344 companies in the Interactive Media industry, placing it in the top 55.5%.
Is Kayac's Cyclically Adjusted PB Ratio too high?
Kayac's current Cyclically Adjusted PB Ratio of 1.73 is 16% below median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 3.32. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.49. Kayac's value of 1.73 is 16.1% above this industry median. Based on the distribution chart, Kayac ranks #191 out of 344 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Kayac has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kayac's Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, Kayac ranks #191 out of 344 companies for Cyclically Adjusted PB Ratio. This places Kayac in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.49. Kayac's value of 1.73 is 16.1% above this benchmark. Historically, Kayac's own Cyclically Adjusted PB Ratio has ranged from 1.57 to 3.32 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 1.49, Kayac 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 1.49, based on 344 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. Kayac's current Cyclically Adjusted PB Ratio of 1.73 is 16.1% 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 Kayac and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kayac's current Cyclically Adjusted PB Ratio is 1.73, which is 16% below median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kayac stock overvalued right now?
Based on GuruFocus' analysis, Kayac (TSE:3904) is currently considered Significantly Undervalued. The stock's GF Value™ is 円783.77, compared to a current price of 円423.00 — trading 46% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.73, which is 16% below median its 10-year median of 2.05 and 16.1% above the Interactive Media industry median of 1.49. Kayac's overall GF Score™ is 61/100 with 1 warning sign 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 Kayac (TSE:3904), the current Cyclically Adjusted PB Ratio is 1.73 as of Aug. 17, 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 Kayac (TSE:3904) Overvalued in 2026?
Based on GuruFocus' analysis, Kayac stock appears to be undervalued.
The current stock price of 円423.00 is trading 46% below its estimated GF Value™ of 円783.77.
GuruFocus considers Kayac to be Significantly Undervalued.
Key valuation signals for TSE:3904:
Cyclically Adjusted PB Ratio: 1.73 (16% below median its 10-year median of 2.05)
GF Value™: 円783.77 vs. price of 円423.00 (46% below fair value)
Industry Position: 16.1% above the Interactive Media median (#191 of 344)
No single metric tells the full story. See the TSE:3904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kayac Inc is a Japanese entertainment content business. The group operates a digital platform, a publishing business, and develops and invests in area-specific content in key regions. It provides services of Regional capitalism, Game Entertainment, Interesting Production, e-sports, and Others.
61GF Score
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