GreenBee (TSE:3913) Cyclically Adjusted PB Ratio: 1.54 (As of Aug. 14, 2026) — 13% Above Median

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TSE:3913 GreenBee Inc TSE:3913
42 GF Score
Price 円1,072.00
GF Value 円709.62
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is GreenBee Cyclically Adjusted PB Ratio?

GreenBee TSE:3913 -0.09% 42 Cyclically Adjusted PB Ratio is 1.54 as of Aug. 14, 2026, which is 13% above its 10-year median of 1.36. GuruFocus rates TSE:3913 with a GF Score™ of 42/100 and a GF Value™ of 円709.62 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,552 Software companies, GreenBee ranks better than 64.5% on this metric.

As of today (2026-08-14), GreenBee's current share price is 円1072.00. GreenBee's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円694.27. GreenBee's Cyclically Adjusted PB Ratio for today is 1.54.

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

TSE:3913' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.36   Max: 2.21
Current: 1.48

During the past years, GreenBee's highest Cyclically Adjusted PB Ratio was 2.21. The lowest was 0.74. And the median was 1.36.

TSE:3913's Cyclically Adjusted PB Ratio is ranked better than
64.5% of 1552 companies
in the Software industry
Industry Median: 2.315 vs TSE:3913: 1.48

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.

GreenBee's adjusted book value per share data for the three months ended in Dec. 2025 was 円598.307. 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694.27 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


GreenBee  (TSE:3913) 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.


GreenBee Cyclically Adjusted PB Ratio Related Terms


GreenBee Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GreenBee'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.

GreenBee Cyclically Adjusted PB Ratio Chart

GreenBee 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 0.78 1.86

GreenBee Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 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 0.89 1.32 1.47 1.86 0.00

TSE:3913 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, GreenBee'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.


GreenBee Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:3913
42GF Score
GreenBee Inc TSE:3913
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GreenBee 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1072.00/694.27
=1.54

* 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.

GreenBee's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, GreenBee's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=598.307/113.0000*113.0000
=598.307

Current CPI (Dec. 2025) = 113.0000.

GreenBee Quarterly Data

Book Value per Share CPI Adj_Book
201512 810.598 98.100 933.716
201603 789.342 97.900 911.089
201606 786.367 98.100 905.805
201609 833.864 98.000 961.496
201612 823.471 98.400 945.653
201703 824.336 98.100 949.541
201706 821.956 98.500 942.955
201709 757.345 98.800 866.194
201712 679.796 99.400 772.806
201803 681.953 99.200 776.821
201806 683.661 99.200 778.767
201809 655.072 99.900 740.972
201812 616.828 99.700 699.113
201903 594.732 99.700 674.069
201906 580.558 99.800 657.345
201909 580.062 100.100 654.815
201912 571.588 100.500 642.681
202003 581.553 100.300 655.189
202006 585.599 99.900 662.389
202009 594.807 99.900 672.805
202012 575.997 99.300 655.465
202103 579.004 99.900 654.929
202106 578.302 99.500 656.765
202109 581.247 100.100 656.153
202112 585.574 100.100 661.038
202203 629.886 101.100 704.027
202206 641.238 101.800 711.787
202209 630.271 103.100 690.792
202212 542.194 104.100 588.549
202303 541.542 104.400 586.152
202306 544.583 105.200 584.961
202309 478.626 106.200 509.272
202312 471.481 106.800 498.852
202403 487.298 107.200 513.663
202406 491.085 108.200 512.871
202412 510.745 110.700 521.357
202503 531.218 111.100 540.303
202506 536.630 111.700 542.875
202509 573.263 112.000 578.381
202512 598.307 113.000 598.307

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 1.54 mean?
GreenBee (TSE:3913) has a Cyclically Adjusted PB Ratio of 1.54 as of Aug. 14, 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 GreenBee and its competitors. This is 13% above median its historical median of 1.36. Over the past decade, GreenBee's Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.21. According to the industry distribution chart, GreenBee ranks #551 out of 1552 companies in the Software industry, placing it in the top 35.5%.
Is GreenBee's Cyclically Adjusted PB Ratio too high?
GreenBee's current Cyclically Adjusted PB Ratio of 1.54 is 13% above median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 2.21. The Software industry median Cyclically Adjusted PB Ratio is 2.32. GreenBee's value of 1.54 is 33.5% below this industry median. Based on the distribution chart, GreenBee ranks #551 out of 1552 companies in the Software industry, which is above the industry midpoint. Overall, GreenBee has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GreenBee's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, GreenBee ranks #551 out of 1552 companies for Cyclically Adjusted PB Ratio. This puts GreenBee in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.32. GreenBee's value of 1.54 is 33.5% below this benchmark. Historically, GreenBee's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.21 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 2.32, GreenBee 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 2.32, 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. GreenBee's current Cyclically Adjusted PB Ratio of 1.54 is 33.5% 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 GreenBee 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. GreenBee's current Cyclically Adjusted PB Ratio is 1.54, which is 13% above median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GreenBee stock overvalued right now?
Based on GuruFocus' analysis, GreenBee (TSE:3913) is currently considered Significantly Overvalued. The stock's GF Value™ is 円709.62, compared to a current price of 円1,072.00 — trading 51.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.54, which is 13% above median its 10-year median of 1.36 and 33.5% below the Software industry median of 2.32. GreenBee's overall GF Score™ is 42/100 with 2 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 GreenBee (TSE:3913), the current Cyclically Adjusted PB Ratio is 1.54 as of Aug. 14, 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 GreenBee (TSE:3913) Overvalued in 2026?

Based on GuruFocus' analysis, GreenBee stock appears to be overvalued. The current stock price of 円1,072.00 is trading 51.1% above its estimated GF Value™ of 円709.62. GuruFocus considers GreenBee to be Significantly Overvalued.

Key valuation signals for TSE:3913:

  • Cyclically Adjusted PB Ratio: 1.54 (13% above median its 10-year median of 1.36)
  • GF Value™: 円709.62 vs. price of 円1,072.00 (51.1% above fair value)
  • GF Score™: 42/100 with 2 warning signs
  • Industry Position: 33.5% below the Software median (#551 of 1552)

No single metric tells the full story. See the TSE:3913 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GreenBee Business Description

Address 2-3-1 Shinkawa, Chuo-ku, Central Square 8th Floor, Tokyo, JPN, 104-0033
GreenBee Inc is a GX Solution provider from Technical consultation to Implementation centralized on EMS cloud service. The company operates in three business segments: the "GX Service Business," which provides one-stop services for renewable energy-related products; the DX Service Business, which provides services that enable information utilization through AI and systems; and the Technology Licensing Business which licenses its competitive technology products.
42GF Score

Get the complete analysis for TSE:3913

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

円1,072.00
Price
円709.62
GF Value