Aiming (TSE:3911) Cyclically Adjusted PB Ratio: (As of Aug. 17, 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:3911 Aiming Inc TSE:3911
60 GF Score
Price 円177.00
GF Value 円174.41
Valuation Fairly Valued
! 4 Warning Signs
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What is Aiming Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aiming  (TSE:3911) 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.


Aiming Cyclically Adjusted PB Ratio Related Terms


Aiming Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aiming'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.

Aiming Cyclically Adjusted PB Ratio Chart

Aiming 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 1.48 1.63

Aiming Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.84 1.99 1.63 1.43 0.00

TSE:3911 vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Aiming'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.


Aiming Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


TSE:3911
60GF Score
Aiming Inc TSE:3911
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Aiming 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.

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

For example, Aiming'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)
=155.551/113.6000*113.6000
=155.551

Current CPI (Jun. 2026) = 113.6000.

Aiming Quarterly Data

Book Value per Share CPI Adj_Book
201609 176.924 98.000 205.087
201612 181.146 98.400 209.128
201703 177.704 98.100 205.782
201706 153.220 98.500 176.709
201709 123.349 98.800 141.826
201712 92.988 99.400 106.272
201803 72.248 99.200 82.736
201806 59.036 99.200 67.606
201809 58.425 99.900 66.437
201812 46.498 99.700 52.981
201903 66.395 99.700 75.652
201906 51.754 99.800 58.910
201909 43.675 100.100 49.565
201912 31.239 100.500 35.311
202003 41.437 100.300 46.932
202006 69.892 99.900 79.477
202009 112.289 99.900 127.688
202012 126.063 99.300 144.217
202103 137.128 99.900 155.933
202106 146.094 99.500 166.797
202109 152.816 100.100 173.426
202112 156.202 100.100 177.268
202203 159.833 101.100 179.595
202206 163.330 101.800 182.262
202209 163.245 103.100 179.870
202212 168.253 104.100 183.608
202303 171.721 104.400 186.854
202306 162.788 105.200 175.786
202309 139.261 106.200 148.965
202312 111.440 106.800 118.535
202403 123.845 107.200 131.239
202406 111.259 108.200 116.812
202409 110.467 108.900 115.235
202412 124.037 110.700 127.286
202503 132.475 111.100 135.456
202506 142.503 111.700 144.927
202509 149.941 112.000 152.083
202512 147.342 113.000 148.124
202603 150.859 112.700 152.064
202606 155.551 113.600 155.551

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 Aiming (TSE:3911) Overvalued in 2026?

Based on GuruFocus' analysis, Aiming stock appears to be overvalued. The current stock price of 円177.00 is trading 1.5% above its estimated GF Value™ of 円174.41. GuruFocus considers Aiming to be Fairly Valued.

Key valuation signals for TSE:3911:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円174.41 vs. price of 円177.00 (1.5% above fair value)
  • GF Score™: 60/100 with 4 warning signs

No single metric tells the full story. See the TSE:3911 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aiming Business Description

Address 5-31-11 Sendagaya, 5th Floor, Sumitomo Fudosan Shinjuku South Exit Building, Shibuya-ku, Tokyo, JPN, 151-005
Aiming Inc engages in the online game business. It develops and operates social games intended for smartphones, and the applications are distributed through different platforms. It also provides game licenses held by the Group to other distributors. The company's products include Inazuma Eleven Cross, Power Pro Adventures, WIND BREAKER: A Heroic Tale of Delinquents, Legend of the Galactic Heroes: Die Neue Saga, etc. It operates in a single segment, "Online Game Business," which is broadly divided into two categories: i) Online game distribution services and ii) Online game production/operation outsourcing services.
60GF Score

Get the complete analysis for TSE:3911

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

円177.00
Price
円174.41
GF Value