Kanamic Network Co (TSE:3939) Cyclically Adjusted PB Ratio: 10.31 (As of Aug. 14, 2026) — Near Median

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TSE:3939 Kanamic Network Co Ltd TSE:3939
95 GF Score
Price 円524.00
GF Value 円642.79
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Kanamic Network Co Cyclically Adjusted PB Ratio?

Kanamic Network Co TSE:3939 +0.96% 95 Cyclically Adjusted PB Ratio is 10.31 as of Aug. 14, 2026, which is 4% above its 10-year median of 9.93. GuruFocus rates TSE:3939 with a GF Score™ of 95/100 and a GF Value™ of 円642.79 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 349 Healthcare Providers & Services companies, Kanamic Network Co ranks worse than 94.27% on this metric.

As of today (2026-08-14), Kanamic Network Co's current share price is 円524.00. Kanamic Network Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円50.84. Kanamic Network Co's Cyclically Adjusted PB Ratio for today is 10.31.

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

TSE:3939' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 9.32   Med: 9.93   Max: 11.17
Current: 10.21

During the past years, Kanamic Network Co's highest Cyclically Adjusted PB Ratio was 11.17. The lowest was 9.32. And the median was 9.93.

TSE:3939's Cyclically Adjusted PB Ratio is ranked worse than
94.27% of 349 companies
in the Healthcare Providers & Services industry
Industry Median: 1.91 vs TSE:3939: 10.21

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.

Kanamic Network Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円105.582. 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50.84 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kanamic Network Co  (TSE:3939) 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.


Kanamic Network Co Cyclically Adjusted PB Ratio Related Terms


Kanamic Network Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kanamic Network Co'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.

Kanamic Network Co Cyclically Adjusted PB Ratio Chart

Kanamic Network Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Kanamic Network Co 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 0.00 0.00 0.00 10.03 0.00

TSE:3939 vs VEEV, BTSG, HQY: Cyclically Adjusted PB Ratio Comparison

For the Health Information Services subindustry, Kanamic Network Co'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.


Kanamic Network Co Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kanamic Network Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3939
95GF Score
Kanamic Network Co Ltd TSE:3939
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kanamic Network Co 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.

Kanamic Network Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=524.00/50.84
=10.31

* 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.

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

For example, Kanamic Network Co'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)
=105.582/112.7000*112.7000
=105.582

Current CPI (Mar. 2026) = 112.7000.

Kanamic Network Co Quarterly Data

Book Value per Share CPI Adj_Book
201509 7.947 98.500 9.093
201609 17.428 98.000 20.042
201612 16.018 98.400 18.346
201703 17.454 98.100 20.052
201706 18.387 98.500 21.038
201709 19.865 98.800 22.660
201712 20.433 99.400 23.167
201803 22.081 99.200 25.086
201806 23.284 99.200 26.453
201809 24.363 99.900 27.485
201812 24.820 99.700 28.056
201903 27.123 99.700 30.660
201906 29.005 99.800 32.754
201909 30.963 100.100 34.860
201912 31.220 100.500 35.010
202003 34.203 100.300 38.431
202006 36.519 99.900 41.198
202009 39.597 99.900 44.670
202012 40.593 99.300 46.071
202103 43.755 99.900 49.361
202106 46.914 99.500 53.138
202109 41.316 100.100 46.517
202112 41.794 100.100 47.055
202203 45.527 101.100 50.751
202206 48.114 101.800 53.266
202209 53.711 103.100 58.712
202212 54.167 104.100 58.642
202303 59.346 104.400 64.064
202306 62.471 105.200 66.925
202309 66.880 106.200 70.973
202312 65.797 106.800 69.432
202403 71.105 107.200 74.753
202406 76.238 108.200 79.409
202409 80.806 108.900 83.626
202412 79.655 110.700 81.094
202503 85.430 111.100 86.660
202506 91.573 111.700 92.393
202509 97.969 112.000 98.581
202512 97.688 113.000 97.429
202603 105.582 112.700 105.582

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 10.31 mean?
Kanamic Network Co (TSE:3939) has a Cyclically Adjusted PB Ratio of 10.31 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 Kanamic Network Co and its competitors. This is near median its historical median of 9.93. Over the past decade, Kanamic Network Co's Cyclically Adjusted PB Ratio has ranged from 9.32 to 11.17. According to the industry distribution chart, Kanamic Network Co ranks #329 out of 349 companies in the Healthcare Providers & Services industry, placing it in the top 94.3%.
Is Kanamic Network Co's Cyclically Adjusted PB Ratio too high?
Kanamic Network Co's current Cyclically Adjusted PB Ratio of 10.31 is near median its 10-year median of 9.93. Over the past 10 years, this metric has ranged from a low of 9.32 to a high of 11.17. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.91. Kanamic Network Co's value of 10.31 is 439.8% above this industry median. Based on the distribution chart, Kanamic Network Co ranks #329 out of 349 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Kanamic Network Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kanamic Network Co's Cyclically Adjusted PB Ratio compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Kanamic Network Co ranks #329 out of 349 companies for Cyclically Adjusted PB Ratio. This places Kanamic Network Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.91. Kanamic Network Co's value of 10.31 is 439.8% above this benchmark. Historically, Kanamic Network Co's own Cyclically Adjusted PB Ratio has ranged from 9.32 to 11.17 over the past decade. While the company's 10-year median is 9.93 vs. the industry median of 1.91, Kanamic Network Co 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 a Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.91, based on 349 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. Kanamic Network Co's current Cyclically Adjusted PB Ratio of 10.31 is 439.8% 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 Kanamic Network Co and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kanamic Network Co's current Cyclically Adjusted PB Ratio is 10.31, which is near median its own 10-year median of 9.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanamic Network Co stock overvalued right now?
Based on GuruFocus' analysis, Kanamic Network Co (TSE:3939) is currently considered Modestly Undervalued. The stock's GF Value™ is 円642.79, compared to a current price of 円524.00 — trading 18.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 10.31, which is near median its 10-year median of 9.93 and 439.8% above the Healthcare Providers & Services industry median of 1.91. Kanamic Network Co's overall GF Score™ is 95/100 with 3 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 Kanamic Network Co (TSE:3939), the current Cyclically Adjusted PB Ratio is 10.31 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 Kanamic Network Co (TSE:3939) Overvalued in 2026?

Based on GuruFocus' analysis, Kanamic Network Co stock appears to be undervalued. The current stock price of 円524.00 is trading 18.5% below its estimated GF Value™ of 円642.79. GuruFocus considers Kanamic Network Co to be Modestly Undervalued.

Key valuation signals for TSE:3939:

  • Cyclically Adjusted PB Ratio: 10.31 (near median its 10-year median of 9.93)
  • GF Value™: 円642.79 vs. price of 円524.00 (18.5% below fair value)
  • GF Score™: 95/100 with 3 warning signs
  • Industry Position: 439.8% above the Healthcare Providers & Services median (#329 of 349)

No single metric tells the full story. See the TSE:3939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kanamic Network Co Business Description

Address 4-20-3 Ebisu, 31st floor, Ebisu Garden Place Tower, Shibuya-ku, Tokyo, JPN, 150-6031
Kanamic Network Co Ltd provides platforms and management systems for the health care industry. The firm develops software to support medical care and nursing care business management. It offers cloud services for construction of information sharing platform in the medical and nursing care field to local government staff, doctors, nurses, care managers; system integration and system solution business; Website production/management work; and planning, production, and sale of Web content and video, and various sales promotion tools. In addition, it offers management and system consulting services, and education and training services; and engages in planning and holding lectures, seminars, academic conferences.
95GF Score

Get the complete analysis for TSE:3939

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

円524.00
Price
円642.79
GF Value