infoNet (TSE:4444) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:4444 infoNet Inc TSE:4444
76 GF Score
Price 円950.00
GF Value 円1,222.06
Valuation Modestly Undervalued
! 3 Warning Signs
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What is infoNet Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


infoNet  (TSE:4444) 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.


infoNet Cyclically Adjusted PB Ratio Related Terms


infoNet Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for infoNet'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.

infoNet Cyclically Adjusted PB Ratio Chart

infoNet Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 2.13

infoNet 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 - - - 2.13 2.10

TSE:4444 vs IBM, ACN, CTSH: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, infoNet'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.


infoNet Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:4444
76GF Score
infoNet Inc TSE:4444
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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infoNet 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.

infoNet's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, infoNet's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=537.699/112.7000*112.7000
=537.699

Current CPI (Mar26) = 112.7000.

infoNet Annual Data

Book Value per Share CPI Adj_Book
201703 73.720 98.100 84.692
201803 157.050 99.200 178.423
201903 213.920 99.700 241.813
202003 427.522 100.300 480.376
202103 460.012 99.900 518.952
202203 416.845 101.100 464.673
202303 460.061 104.400 496.637
202403 509.771 107.200 535.925
202503 557.027 111.100 565.049
202603 537.699 112.700 537.699

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.

Is infoNet (TSE:4444) Overvalued in 2026?

Based on GuruFocus' analysis, infoNet stock appears to be undervalued. The current stock price of 円950.00 is trading 22.3% below its estimated GF Value™ of 円1,222.06. GuruFocus considers infoNet to be Modestly Undervalued.

Key valuation signals for TSE:4444:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円1,222.06 vs. price of 円950.00 (22.3% below fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the TSE:4444 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


infoNet Business Description

Address 1-5-1 Otemachi Chiyoda-ku, Otemachi First Square West Tower 2nd Floor, Tokyo, JPN, 100-0004
infoNet Inc is engaged in website construction, CMS site construction, system development, hosting service ASP service. The Group operates in a single segment, web contract development and ASP services.
76GF Score

Get the complete analysis for TSE:4444

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

円950.00
Price
円1,222.06
GF Value