SuRaLa Net Co (TSE:3998) Cyclically Adjusted PB Ratio: 1.20 (As of Aug. 22, 2026) — 25% Below Median

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TSE:3998 SuRaLa Net Co Ltd TSE:3998
72 GF Score
Price 円289.00
GF Value 円361.80
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is SuRaLa Net Co Cyclically Adjusted PB Ratio?

SuRaLa Net Co TSE:3998 -0.34% 72 Cyclically Adjusted PB Ratio is 1.20 as of Aug. 22, 2026, which is 25% below its 10-year median of 1.61. GuruFocus rates TSE:3998 with a GF Score™ of 72/100 and a GF Value™ of 円361.80 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 154 Education companies, SuRaLa Net Co ranks worse than 53.9% on this metric.

As of today (2026-08-22), SuRaLa Net Co's current share price is 円289.00. SuRaLa Net Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was 円241.03. SuRaLa Net Co's Cyclically Adjusted PB Ratio for today is 1.20.

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

TSE:3998' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.19   Med: 1.61   Max: 1.94
Current: 1.19

During the past 11 years, SuRaLa Net Co's highest Cyclically Adjusted PB Ratio was 1.94. The lowest was 1.19. And the median was 1.61.

TSE:3998's Cyclically Adjusted PB Ratio is ranked worse than
53.9% of 154 companies
in the Education industry
Industry Median: 1.135 vs TSE:3998: 1.19

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.

SuRaLa Net Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was 円347.205. 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241.03 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


SuRaLa Net Co  (TSE:3998) 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.


SuRaLa Net Co Cyclically Adjusted PB Ratio Related Terms


SuRaLa Net Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SuRaLa Net 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.

SuRaLa Net Co Cyclically Adjusted PB Ratio Chart

SuRaLa Net 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 1.80 1.39

SuRaLa Net Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 1.39 0.00 0.00

TSE:3998 vs EDU, TAL, LAUR: Cyclically Adjusted PB Ratio Comparison

For the Education & Training Services subindustry, SuRaLa Net 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.


SuRaLa Net Co Cyclically Adjusted PB Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, SuRaLa Net Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:3998
72GF Score
SuRaLa Net Co Ltd TSE:3998
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SuRaLa Net 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.

SuRaLa Net Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=289.00/241.03
=1.20

* 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.

SuRaLa Net Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, SuRaLa Net Co's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=347.205/113.0000*113.0000
=347.205

Current CPI (Dec25) = 113.0000.

SuRaLa Net Co Annual Data

Book Value per Share CPI Adj_Book
201612 58.779 98.400 67.500
201712 113.424 99.400 128.943
201812 133.777 99.700 151.623
201912 140.705 100.500 158.206
202012 198.186 99.300 225.529
202112 255.941 100.100 288.924
202212 303.288 104.100 329.218
202312 338.427 106.800 358.074
202412 347.876 110.700 355.104
202512 347.205 113.000 347.205

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 1.20 mean?
SuRaLa Net Co (TSE:3998) has a Cyclically Adjusted PB Ratio of 1.20 as of Aug. 22, 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 SuRaLa Net Co and its competitors. This is 25% below median its historical median of 1.61. Over the past decade, SuRaLa Net Co's Cyclically Adjusted PB Ratio has ranged from 1.19 to 1.94. According to the industry distribution chart, SuRaLa Net Co ranks #83 out of 154 companies in the Education industry, placing it in the top 53.9%.
Is SuRaLa Net Co's Cyclically Adjusted PB Ratio too high?
SuRaLa Net Co's current Cyclically Adjusted PB Ratio of 1.20 is 25% below median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 1.94. The Education industry median Cyclically Adjusted PB Ratio is 1.14. SuRaLa Net Co's value of 1.20 is 5.7% above this industry median. Based on the distribution chart, SuRaLa Net Co ranks #83 out of 154 companies in the Education industry, which is below the industry midpoint. Overall, SuRaLa Net Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SuRaLa Net Co's Cyclically Adjusted PB Ratio compare to EDU and TAL?
According to the Education industry distribution chart, SuRaLa Net Co ranks #83 out of 154 companies for Cyclically Adjusted PB Ratio. This places SuRaLa Net Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. SuRaLa Net Co's value of 1.20 is 5.7% above this benchmark. Historically, SuRaLa Net Co's own Cyclically Adjusted PB Ratio has ranged from 1.19 to 1.94 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 1.14, SuRaLa Net 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 an Education company?
The median Cyclically Adjusted PB Ratio among Education companies is 1.14, based on 154 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. SuRaLa Net Co's current Cyclically Adjusted PB Ratio of 1.20 is 5.7% 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 SuRaLa Net Co and its competitors. For the Education industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SuRaLa Net Co's current Cyclically Adjusted PB Ratio is 1.20, which is 25% below median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SuRaLa Net Co stock overvalued right now?
Based on GuruFocus' analysis, SuRaLa Net Co (TSE:3998) is currently considered Modestly Undervalued. The stock's GF Value™ is 円361.80, compared to a current price of 円289.00 — trading 20.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.20, which is 25% below median its 10-year median of 1.61 and 5.7% above the Education industry median of 1.14. SuRaLa Net Co's overall GF Score™ is 72/100 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 SuRaLa Net Co (TSE:3998), the current Cyclically Adjusted PB Ratio is 1.20 as of Aug. 22, 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 SuRaLa Net Co (TSE:3998) Overvalued in 2026?

Based on GuruFocus' analysis, SuRaLa Net Co stock appears to be undervalued. The current stock price of 円289.00 is trading 20.1% below its estimated GF Value™ of 円361.80. GuruFocus considers SuRaLa Net Co to be Modestly Undervalued.

Key valuation signals for TSE:3998:

  • Cyclically Adjusted PB Ratio: 1.20 (25% below median its 10-year median of 1.61)
  • GF Value™: 円361.80 vs. price of 円289.00 (20.1% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 5.7% above the Education median (#83 of 154)

No single metric tells the full story. See the TSE:3998 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SuRaLa Net Co Business Description

Address 1-14-10 Uchikanda, Chiyoda-ku, Tokyo, JPN, 101-0047
SuRaLa Net Co Ltd is a Japanese company engaged in providing educational services through e-learning and operation consulting, marketing promotion and website operation.
72GF Score

Get the complete analysis for TSE:3998

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

円289.00
Price
円361.80
GF Value