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Money Forward (TSE:3994) Cyclically Adjusted PB Ratio : 13.64 (As of Jun. 02, 2025)


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What is Money Forward Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Money Forward's current share price is 円4704.00. Money Forward's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov24 was 円344.80. Money Forward's Cyclically Adjusted PB Ratio for today is 13.64.

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

TSE:3994' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 11.23   Med: 12.82   Max: 14.76
Current: 13.31

During the past 10 years, Money Forward's highest Cyclically Adjusted PB Ratio was 14.76. The lowest was 11.23. And the median was 12.82.

TSE:3994's Cyclically Adjusted PB Ratio is ranked worse than
91.64% of 1436 companies
in the Software industry
Industry Median: 2.705 vs TSE:3994: 13.31

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.

Money Forward's adjusted book value per share data of for the fiscal year that ended in Nov24 was 円685.222. 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344.80 for the trailing ten years ended in Nov24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Money Forward Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Money Forward'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.

* Premium members only.

Money Forward Cyclically Adjusted PB Ratio Chart

Money Forward Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 13.66

Money Forward Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 - - - 13.66 -

Competitive Comparison of Money Forward's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Money Forward'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.


Money Forward's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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


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Money Forward 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.

Money Forward's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4704.00/344.80
=13.64

* 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.

Money Forward's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov24 is calculated as:

For example, Money Forward's adjusted Book Value per Share data for the fiscal year that ended in Nov24 was:

Adj_Book=Book Value per Share/CPI of Nov24 (Change)*Current CPI (Nov24)
=685.222/110.0000*110.0000
=685.222

Current CPI (Nov24) = 110.0000.

Money Forward Annual Data

Book Value per Share CPI Adj_Book
201511 53.240 98.100 59.698
201611 51.611 98.600 57.578
201711 104.578 99.100 116.081
201811 85.055 100.000 93.561
201911 178.792 100.500 195.693
202011 202.681 99.500 224.069
202111 759.761 100.100 834.902
202211 606.949 103.900 642.583
202311 523.415 106.900 538.594
202411 685.222 110.000 685.222

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.


Money Forward  (TSE:3994) 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.


Money Forward Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Money Forward's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Money Forward Business Description

Industry
Traded in Other Exchanges
N/A
Address
21st Floor, msb Tamachi Tamachi Station Tower, S 3-1-21 Shibaura, Minato-ku, Tokyo, JPN, 108-0023
Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation.

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