PCI Holdings (TSE:3918) Cyclically Adjusted PB Ratio: 1.58 (As of Aug. 21, 2026) — Near Median

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TSE:3918 PCI Holdings Inc TSE:3918
43 GF Score
Price 円1,163.00
! 1 Warning Sign
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What is PCI Holdings Cyclically Adjusted PB Ratio?

PCI Holdings TSE:3918 +0.95% 43 Cyclically Adjusted PB Ratio is 1.58 as of Aug. 21, 2026, which is 4% below its 10-year median of 1.65. GuruFocus rates TSE:3918 with a GF Score™ of 43/100. The stock has 1 warning sign investors should review. Among 1,535 Software companies, PCI Holdings ranks better than 62.8% on this metric.

As of today (2026-08-21), PCI Holdings's current share price is 円1163.00. PCI Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円737.97. PCI Holdings's Cyclically Adjusted PB Ratio for today is 1.58.

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

TSE:3918' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 1.65   Max: 2.22
Current: 1.56

During the past years, PCI Holdings's highest Cyclically Adjusted PB Ratio was 2.22. The lowest was 1.24. And the median was 1.65.

TSE:3918's Cyclically Adjusted PB Ratio is ranked better than
62.8% of 1535 companies
in the Software industry
Industry Median: 2.31 vs TSE:3918: 1.56

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.

PCI Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円983.714. 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737.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PCI Holdings  (TSE:3918) 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.


PCI Holdings Cyclically Adjusted PB Ratio Related Terms


PCI Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PCI Holdings'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.

PCI Holdings Cyclically Adjusted PB Ratio Chart

PCI Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.35

PCI Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.68 1.76 1.68 1.38 0.00

TSE:3918 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, PCI Holdings'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.


PCI Holdings Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:3918
43GF Score
PCI Holdings Inc TSE:3918
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PCI Holdings 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.

PCI Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1163.00/737.97
=1.58

* 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.

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

For example, PCI Holdings'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)
=983.714/112.7000*112.7000
=983.714

Current CPI (Mar. 2026) = 112.7000.

PCI Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201603 333.345 97.900 383.738
201606 344.184 98.100 395.408
201609 420.330 98.000 483.380
201612 414.016 98.400 474.183
201703 433.464 98.100 497.975
201706 446.452 98.500 510.814
201709 454.229 98.800 518.134
201712 573.392 99.400 650.113
201803 577.700 99.200 656.318
201806 581.595 99.200 660.744
201809 602.331 99.900 679.507
201812 570.057 99.700 644.387
201903 573.966 99.700 648.806
201906 560.972 99.800 633.482
201909 591.542 100.100 666.002
201912 599.794 100.500 672.605
202003 586.697 100.300 659.230
202006 584.909 99.900 659.852
202009 610.855 99.900 689.123
202012 598.083 99.300 678.791
202103 617.377 99.900 696.480
202106 710.499 99.500 804.756
202109 744.067 100.100 837.726
202112 757.396 100.100 852.733
202203 784.085 101.100 874.049
202206 784.352 101.800 868.335
202209 776.703 103.100 849.025
202212 778.254 104.100 842.548
202303 815.935 104.400 880.803
202306 814.112 105.200 872.152
202309 856.101 106.200 908.499
202312 857.034 106.800 904.380
202403 881.206 107.200 926.417
202406 872.952 108.200 909.258
202409 889.843 108.900 920.894
202503 911.099 111.100 924.220
202506 909.713 111.700 917.857
202509 940.011 112.000 945.886
202512 938.822 113.000 936.330
202603 983.714 112.700 983.714

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 1.58 mean?
PCI Holdings (TSE:3918) has a Cyclically Adjusted PB Ratio of 1.58 as of Aug. 21, 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 PCI Holdings and its competitors. This is near median its historical median of 1.65. Over the past decade, PCI Holdings' Cyclically Adjusted PB Ratio has ranged from 1.24 to 2.22. According to the industry distribution chart, PCI Holdings ranks #571 out of 1535 companies in the Software industry, placing it in the top 37.2%.
Is PCI Holdings' Cyclically Adjusted PB Ratio too high?
PCI Holdings' current Cyclically Adjusted PB Ratio of 1.58 is near median its 10-year median of 1.65. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 2.22. The Software industry median Cyclically Adjusted PB Ratio is 2.31. PCI Holdings' value of 1.58 is 31.6% below this industry median. Based on the distribution chart, PCI Holdings ranks #571 out of 1535 companies in the Software industry, which is above the industry midpoint. Overall, PCI Holdings has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does PCI Holdings' Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, PCI Holdings ranks #571 out of 1535 companies for Cyclically Adjusted PB Ratio. This puts PCI Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. PCI Holdings' value of 1.58 is 31.6% below this benchmark. Historically, PCI Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.24 to 2.22 over the past decade. While the company's 10-year median is 1.65 vs. the industry median of 2.31, PCI Holdings 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 2.31, based on 1,535 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. PCI Holdings's current Cyclically Adjusted PB Ratio of 1.58 is 31.6% 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 PCI Holdings and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PCI Holdings's current Cyclically Adjusted PB Ratio is 1.58, which is near median its own 10-year median of 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PCI Holdings stock overvalued right now?
PCI Holdings (TSE:3918) has a current Cyclically Adjusted PB Ratio of 1.58. The current Cyclically Adjusted PB Ratio is 1.58, which is near median its 10-year median of 1.65 and 31.6% below the Software industry median of 2.31. PCI Holdings' overall GF Score™ is 43/100 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 PCI Holdings (TSE:3918), the current Cyclically Adjusted PB Ratio is 1.58 as of Aug. 21, 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.

PCI Holdings Business Description

Address 21-19, Torakumon Ichime, Minato-ku, Tokyu Tiger Tortoise 4th Floor, Tokyo, JPN, 105-0001
PCI Holdings Inc provides information and technology solutions. The company's business segments are Technical Solutions, Business Solutions, and Internet of Things and Internet of Everything Solutions.
43GF Score

Get the complete analysis for TSE:3918

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

円1,163.00
Price