Mynet (TSE:3928) Cyclically Adjusted PB Ratio: 0.64 (As of Aug. 31, 2026) — 14% Below Median

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TSE:3928 Mynet Inc TSE:3928
52 GF Score
Price 円235.00
GF Value 円220.45
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Mynet Cyclically Adjusted PB Ratio?

Mynet TSE:3928 -0.42% 52 Cyclically Adjusted PB Ratio is 0.64 as of Aug. 31, 2026, which is 14% below its 10-year median of 0.74. GuruFocus rates TSE:3928 with a GF Score™ of 52/100 and a GF Value™ of 円220.45 (Fairly Valued). The stock has 4 warning signs investors should review. Among 339 Interactive Media companies, Mynet ranks better than 74.63% on this metric.

As of today (2026-08-31), Mynet's current share price is 円235.00. Mynet's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円369.25. Mynet's Cyclically Adjusted PB Ratio for today is 0.64.

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

TSE:3928' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.74   Max: 0.83
Current: 0.64

During the past years, Mynet's highest Cyclically Adjusted PB Ratio was 0.83. The lowest was 0.59. And the median was 0.74.

TSE:3928's Cyclically Adjusted PB Ratio is ranked better than
74.63% of 339 companies
in the Interactive Media industry
Industry Median: 1.47 vs TSE:3928: 0.64

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.

Mynet's adjusted book value per share data for the three months ended in Jun. 2026 was 円157.648. 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369.25 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mynet  (TSE:3928) 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.


Mynet Cyclically Adjusted PB Ratio Related Terms


Mynet Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mynet'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.

Mynet Cyclically Adjusted PB Ratio Chart

Mynet 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 0.00 0.76

Mynet Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 0.00 0.00 0.76 0.74 0.59

TSE:3928 vs NTES, TTWO, RBLX: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Mynet'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.


Mynet Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


TSE:3928
52GF Score
Mynet Inc TSE:3928
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mynet 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=235.00/369.25
=0.64

* 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.

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

For example, Mynet'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)
=157.648/113.6000*113.6000
=157.648

Current CPI (Jun. 2026) = 113.6000.

Mynet Quarterly Data

Book Value per Share CPI Adj_Book
201603 362.765 97.900 420.941
201606 370.036 98.100 428.502
201609 382.278 98.000 443.130
201612 568.308 98.400 656.095
201703 850.182 98.100 984.512
201706 816.149 98.500 941.264
201709 821.500 98.800 944.559
201712 827.680 99.400 945.920
201803 429.099 99.200 491.388
201806 400.362 99.200 458.479
201809 432.981 99.900 492.359
201812 433.292 99.700 493.701
201903 398.689 99.700 454.274
201906 326.052 99.800 371.137
201909 269.564 100.100 305.919
201912 160.296 100.500 181.190
202003 182.140 100.300 206.292
202006 219.250 99.900 249.317
202009 262.606 99.900 298.619
202012 292.569 99.300 334.701
202103 319.167 99.900 362.937
202106 336.078 99.500 383.703
202109 346.889 100.100 393.672
202112 324.839 100.100 368.648
202203 325.712 101.100 365.983
202206 328.220 101.800 366.265
202209 301.329 103.100 332.017
202212 118.007 104.100 128.776
202303 138.838 104.400 151.073
202306 134.995 105.200 145.774
202309 132.799 106.200 142.052
202312 137.124 106.800 145.855
202403 155.572 107.200 164.860
202406 169.655 108.200 178.122
202412 164.995 110.700 169.317
202503 176.222 111.100 180.187
202506 185.877 111.700 189.039
202512 177.872 113.000 178.816
202603 161.657 112.700 162.948
202606 157.648 113.600 157.648

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 0.64 mean?
Mynet (TSE:3928) has a Cyclically Adjusted PB Ratio of 0.64 as of Aug. 31, 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 Mynet and its competitors. This is 14% below median its historical median of 0.74. Over the past decade, Mynet's Cyclically Adjusted PB Ratio has ranged from 0.59 to 0.83. According to the industry distribution chart, Mynet ranks #86 out of 339 companies in the Interactive Media industry, placing it in the top 25.4%.
Is Mynet's Cyclically Adjusted PB Ratio too high?
Mynet's current Cyclically Adjusted PB Ratio of 0.64 is 14% below median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 0.83. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.47. Mynet's value of 0.64 is 56.5% below this industry median. Based on the distribution chart, Mynet ranks #86 out of 339 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Mynet has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mynet's Cyclically Adjusted PB Ratio compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, Mynet ranks #86 out of 339 companies for Cyclically Adjusted PB Ratio. This puts Mynet in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.47. Mynet's value of 0.64 is 56.5% below this benchmark. Historically, Mynet's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 0.83 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 1.47, Mynet 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.47, based on 339 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. Mynet's current Cyclically Adjusted PB Ratio of 0.64 is 56.5% 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 Mynet and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mynet's current Cyclically Adjusted PB Ratio is 0.64, which is 14% below median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mynet stock overvalued right now?
Based on GuruFocus' analysis, Mynet (TSE:3928) is currently considered Fairly Valued. The stock's GF Value™ is 円220.45, compared to a current price of 円235.00 — trading 6.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.64, which is 14% below median its 10-year median of 0.74 and 56.5% below the Interactive Media industry median of 1.47. Mynet's overall GF Score™ is 52/100 with 4 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 Mynet (TSE:3928), the current Cyclically Adjusted PB Ratio is 0.64 as of Aug. 31, 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 Mynet (TSE:3928) Overvalued in 2026?

Based on GuruFocus' analysis, Mynet stock appears to be overvalued. The current stock price of 円235.00 is trading 6.6% above its estimated GF Value™ of 円220.45. GuruFocus considers Mynet to be Fairly Valued.

Key valuation signals for TSE:3928:

  • Cyclically Adjusted PB Ratio: 0.64 (14% below median its 10-year median of 0.74)
  • GF Value™: 円220.45 vs. price of 円235.00 (6.6% above fair value)
  • GF Score™: 52/100 with 4 warning signs
  • Industry Position: 56.5% below the Interactive Media median (#86 of 339)

No single metric tells the full story. See the TSE:3928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mynet Business Description

Address Kita Aoyama 2-11-3 A-Place Aoyama, Minato-ku, Tokyo, JPN, 107-0061
Mynet Inc is engaged in the business of smartphone game. The Company develops and manages online smartphones games. It is specialized in operation of the game domain. It provides and operates CroPro which is a mutual customer network for domestic smartphone games.
52GF Score

Get the complete analysis for TSE:3928

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

円235.00
Price
円220.45
GF Value