Segue Group Co (TSE:3968) Cyclically Adjusted PB Ratio: 6.41 (As of Aug. 13, 2026) — 14% Above Median

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TSE:3968 Segue Group Co Ltd TSE:3968
92 GF Score
Price 円601.00
GF Value 円794.28
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Segue Group Co Cyclically Adjusted PB Ratio?

Segue Group Co TSE:3968 +2.04% 92 Cyclically Adjusted PB Ratio is 6.41 as of Aug. 13, 2026, which is 14% above its 10-year median of 5.63. GuruFocus rates TSE:3968 with a GF Score™ of 92/100 and a GF Value™ of 円794.28 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,551 Software companies, Segue Group Co ranks worse than 80.4% on this metric.

As of today (2026-08-13), Segue Group Co's current share price is 円601.00. Segue Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円93.71. Segue Group Co's Cyclically Adjusted PB Ratio for today is 6.41.

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

TSE:3968' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.74   Med: 5.63   Max: 8.8
Current: 6.18

During the past years, Segue Group Co's highest Cyclically Adjusted PB Ratio was 8.80. The lowest was 3.74. And the median was 5.63.

TSE:3968's Cyclically Adjusted PB Ratio is ranked worse than
80.4% of 1551 companies
in the Software industry
Industry Median: 2.31 vs TSE:3968: 6.18

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.

Segue Group Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円131.980. 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93.71 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Segue Group Co  (TSE:3968) 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.


Segue Group Co Cyclically Adjusted PB Ratio Related Terms


Segue Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Segue Group 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.

Segue Group Co Cyclically Adjusted PB Ratio Chart

Segue Group Co 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 7.01

Segue Group Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 0.00 0.00 7.01 0.00

TSE:3968 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Segue Group 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.


Segue Group Co Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:3968
92GF Score
Segue Group Co Ltd TSE:3968
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Segue Group 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.

Segue Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=601.00/93.71
=6.41

* 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.

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

For example, Segue Group Co'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)
=131.98/113.0000*113.0000
=131.980

Current CPI (Dec. 2025) = 113.0000.

Segue Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 30.263 97.900 34.931
201512 33.259 98.100 38.311
201609 32.608 98.000 37.599
201612 46.742 98.400 53.677
201703 52.068 98.100 59.976
201706 52.649 98.500 60.399
201709 53.665 98.800 61.378
201712 68.230 99.400 77.565
201803 73.325 99.200 83.525
201806 72.953 99.200 83.102
201809 71.402 99.900 80.765
201812 71.294 99.700 80.805
201903 75.684 99.700 85.780
201906 76.816 99.800 86.976
201909 79.489 100.100 89.733
201912 80.860 100.500 90.917
202003 76.917 100.300 86.656
202006 81.107 99.900 91.743
202009 84.051 99.900 95.073
202012 92.531 99.300 105.297
202103 92.313 99.900 104.418
202106 92.444 99.500 104.987
202109 93.137 100.100 105.140
202112 94.788 100.100 107.003
202203 91.307 101.100 102.054
202206 98.886 101.800 109.765
202209 104.455 103.100 114.485
202212 109.256 104.100 118.597
202303 112.361 104.400 121.617
202306 116.449 105.200 125.083
202309 117.122 106.200 124.621
202312 118.907 106.800 125.810
202403 105.878 107.200 111.606
202406 103.529 108.200 108.122
202409 104.748 108.900 108.692
202412 96.149 110.700 98.147
202503 108.061 111.100 109.909
202506 130.876 111.700 132.399
202509 124.814 112.000 125.928
202512 131.980 113.000 131.980

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 6.41 mean?
Segue Group Co (TSE:3968) has a Cyclically Adjusted PB Ratio of 6.41 as of Aug. 13, 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 Segue Group Co and its competitors. This is 14% above median its historical median of 5.63. Over the past decade, Segue Group Co's Cyclically Adjusted PB Ratio has ranged from 3.74 to 8.80. According to the industry distribution chart, Segue Group Co ranks #1247 out of 1551 companies in the Software industry, placing it in the top 80.4%.
Is Segue Group Co's Cyclically Adjusted PB Ratio too high?
Segue Group Co's current Cyclically Adjusted PB Ratio of 6.41 is 14% above median its 10-year median of 5.63. Over the past 10 years, this metric has ranged from a low of 3.74 to a high of 8.80. The Software industry median Cyclically Adjusted PB Ratio is 2.31. Segue Group Co's value of 6.41 is 177.5% above this industry median. Based on the distribution chart, Segue Group Co ranks #1247 out of 1551 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Segue Group Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Segue Group Co's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Segue Group Co ranks #1247 out of 1551 companies for Cyclically Adjusted PB Ratio. This places Segue Group Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. Segue Group Co's value of 6.41 is 177.5% above this benchmark. Historically, Segue Group Co's own Cyclically Adjusted PB Ratio has ranged from 3.74 to 8.80 over the past decade. While the company's 10-year median is 5.63 vs. the industry median of 2.31, Segue Group 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.31, based on 1,551 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. Segue Group Co's current Cyclically Adjusted PB Ratio of 6.41 is 177.5% 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 Segue Group Co 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. Segue Group Co's current Cyclically Adjusted PB Ratio is 6.41, which is 14% above median its own 10-year median of 5.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Segue Group Co stock overvalued right now?
Based on GuruFocus' analysis, Segue Group Co (TSE:3968) is currently considered Modestly Undervalued. The stock's GF Value™ is 円794.28, compared to a current price of 円601.00 — trading 24.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.41, which is 14% above median its 10-year median of 5.63 and 177.5% above the Software industry median of 2.31. Segue Group Co's overall GF Score™ is 92/100 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 Segue Group Co (TSE:3968), the current Cyclically Adjusted PB Ratio is 6.41 as of Aug. 13, 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 Segue Group Co (TSE:3968) Overvalued in 2026?

Based on GuruFocus' analysis, Segue Group Co stock appears to be undervalued. The current stock price of 円601.00 is trading 24.3% below its estimated GF Value™ of 円794.28. GuruFocus considers Segue Group Co to be Modestly Undervalued.

Key valuation signals for TSE:3968:

  • Cyclically Adjusted PB Ratio: 6.41 (14% above median its 10-year median of 5.63)
  • GF Value™: 円794.28 vs. price of 円601.00 (24.3% below fair value)
  • GF Score™: 92/100 with 3 warning signs
  • Industry Position: 177.5% above the Software median (#1247 of 1551)

No single metric tells the full story. See the TSE:3968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Segue Group Co Business Description

Address 1-16-3 Shinkawa, Sumitomo R&D Kayabacho Building, Chuo-ku, Tokyo, JPN, 104-0033
Segue Group Co Ltd provides information technology services. The company offers networking, security, operations, cloud, and maintenance solutions. It provides various services, including system integration, VoIP system implementation, construction, human resources, help desk support, monitoring, and maintenance support.
92GF Score

Get the complete analysis for TSE:3968

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

円601.00
Price
円794.28
GF Value