FUJI Media Holdings (TSE:4676) Cyclically Adjusted PB Ratio: 1.07 (As of Sep. 12, 2026) — 102% Above Median

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:4676 FUJI Media Holdings Inc TSE:4676
60 GF Score
Price 円4,034.00
GF Value 円2,166.71
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is FUJI Media Holdings Cyclically Adjusted PB Ratio?

FUJI Media Holdings TSE:4676 -0.37% 60 Cyclically Adjusted PB Ratio is 1.07 as of Sep. 12, 2026, which is 102% above its 10-year median of 0.53. GuruFocus rates TSE:4676 with a GF Score™ of 60/100 and a GF Value™ of 円2,166.71 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 652 Media - Diversified companies, FUJI Media Holdings ranks worse than 53.07% on this metric.

As of today (2026-09-12), FUJI Media Holdings's current share price is 円4034.00. FUJI Media Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円3,771.16. FUJI Media Holdings's Cyclically Adjusted PB Ratio for today is 1.07.

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

TSE:4676' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.53   Max: 1.13
Current: 1.07

During the past years, FUJI Media Holdings's highest Cyclically Adjusted PB Ratio was 1.13. The lowest was 0.32. And the median was 0.53.

TSE:4676's Cyclically Adjusted PB Ratio is ranked worse than
53.07% of 652 companies
in the Media - Diversified industry
Industry Median: 1.01 vs TSE:4676: 1.07

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.

FUJI Media Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円3,838.058. 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3,771.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


FUJI Media Holdings  (TSE:4676) 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.


FUJI Media Holdings Cyclically Adjusted PB Ratio Related Terms


FUJI Media Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for FUJI Media Holdings'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.

FUJI Media Holdings Cyclically Adjusted PB Ratio Chart

FUJI Media Holdings 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 0.39 0.37 0.57 0.70 1.06

FUJI Media Holdings 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 0.90 0.94 0.98 1.06 0.00

TSE:4676 vs NXST: Cyclically Adjusted PB Ratio Comparison

For the Broadcasting subindustry, FUJI Media Holdings'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.


FUJI Media Holdings Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, FUJI Media Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:4676
60GF Score
FUJI Media Holdings Inc TSE:4676
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FUJI Media Holdings 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.

FUJI Media Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4034.00/3771.16
=1.07

* 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.

FUJI Media Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, FUJI Media Holdings'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)
=3838.058/112.7000*112.7000
=3,838.058

Current CPI (Mar. 2026) = 112.7000.

FUJI Media Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 2,722.584 98.100 3,127.780
201609 2,743.714 98.000 3,155.271
201612 2,826.930 98.400 3,237.754
201703 2,890.787 98.100 3,321.016
201706 2,944.742 98.500 3,369.263
201709 3,028.274 98.800 3,454.317
201712 3,066.698 99.400 3,477.031
201803 3,051.033 99.200 3,466.244
201806 3,105.162 99.200 3,527.739
201809 3,196.210 99.900 3,605.734
201812 3,104.700 99.700 3,509.525
201903 3,150.575 99.700 3,561.382
201906 3,213.953 99.800 3,629.384
201909 3,237.582 100.100 3,645.110
201912 3,286.139 100.500 3,685.053
202003 3,179.124 100.300 3,572.156
202006 3,215.004 99.900 3,626.936
202009 3,260.993 99.900 3,678.818
202012 3,323.490 99.300 3,771.977
202103 3,479.467 99.900 3,925.285
202106 3,516.523 99.500 3,983.037
202109 3,703.634 100.100 4,169.826
202112 3,611.699 100.100 4,066.318
202203 3,588.334 101.100 4,000.052
202206 3,603.446 101.800 3,989.277
202209 3,670.899 103.100 4,012.709
202212 3,715.480 104.100 4,022.426
202303 3,766.813 104.400 4,066.282
202306 3,766.367 105.200 4,034.882
202309 3,766.081 106.200 3,996.585
202312 3,904.119 106.800 4,119.796
202403 3,972.794 107.200 4,176.622
202406 0.000 108.200 0.000
202409 4,118.103 108.900 4,261.802
202412 4,210.824 110.700 4,286.900
202503 3,943.790 111.100 4,000.586
202506 3,888.026 111.700 3,922.834
202509 3,871.641 112.000 3,895.839
202512 3,893.870 113.000 3,883.532
202603 3,838.058 112.700 3,838.058

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 1.07 mean?
FUJI Media Holdings (TSE:4676) has a Cyclically Adjusted PB Ratio of 1.07 as of Sep. 12, 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 FUJI Media Holdings and its competitors. This is 102% above median its historical median of 0.53. Over the past decade, FUJI Media Holdings' Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.13. According to the industry distribution chart, FUJI Media Holdings ranks #346 out of 652 companies in the Media - Diversified industry, placing it in the top 53.1%.
Is FUJI Media Holdings' Cyclically Adjusted PB Ratio too high?
FUJI Media Holdings' current Cyclically Adjusted PB Ratio of 1.07 is 102% above median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.13. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 1.01. FUJI Media Holdings' value of 1.07 is 5.9% above this industry median. Based on the distribution chart, FUJI Media Holdings ranks #346 out of 652 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, FUJI Media Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FUJI Media Holdings' Cyclically Adjusted PB Ratio compare to NXST?
According to the Media - Diversified industry distribution chart, FUJI Media Holdings ranks #346 out of 652 companies for Cyclically Adjusted PB Ratio. This places FUJI Media Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. FUJI Media Holdings' value of 1.07 is 5.9% above this benchmark. Historically, FUJI Media Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.13 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 1.01, FUJI Media Holdings 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 1.01, based on 652 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. FUJI Media Holdings's current Cyclically Adjusted PB Ratio of 1.07 is 5.9% 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 FUJI Media Holdings and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FUJI Media Holdings's current Cyclically Adjusted PB Ratio is 1.07, which is 102% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FUJI Media Holdings stock overvalued right now?
Based on GuruFocus' analysis, FUJI Media Holdings (TSE:4676) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,166.71, compared to a current price of 円4,034.00 — trading 86.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.07, which is 102% above median its 10-year median of 0.53 and 5.9% above the Media - Diversified industry median of 1.01. FUJI Media Holdings' overall GF Score™ is 60/100 with 9 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 FUJI Media Holdings (TSE:4676), the current Cyclically Adjusted PB Ratio is 1.07 as of Sep. 12, 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 FUJI Media Holdings (TSE:4676) Overvalued in 2026?

Based on GuruFocus' analysis, FUJI Media Holdings stock appears to be overvalued. The current stock price of 円4,034.00 is trading 86.2% above its estimated GF Value™ of 円2,166.71. GuruFocus considers FUJI Media Holdings to be Significantly Overvalued.

Key valuation signals for TSE:4676:

  • Cyclically Adjusted PB Ratio: 1.07 (102% above median its 10-year median of 0.53)
  • GF Value™: 円2,166.71 vs. price of 円4,034.00 (86.2% above fair value)
  • GF Score™: 60/100 with 9 warning signs
  • Industry Position: 5.9% above the Media - Diversified median (#346 of 652)

No single metric tells the full story. See the TSE:4676 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FUJI Media Holdings Business Description

Other Exchanges FTN:GermanyFTN:Germany
Address 2-4-8 Daiba, Minato-ku, Tokyo, JPN, 137-8088
FUJI Media Holdings Inc operates as a certified broadcasting holding company engaged in media, content, and related businesses. The company has two reportable segments: Media & Content Business, which involves broadcasting, film and animation production, music publishing, advertising, and mail-order sales; and Urban Development & Tourism Business, which engages in building rental, real estate transactions, and hotel and resort management. The company earns the majority of its revenue in Japan.
60GF Score

Get the complete analysis for TSE:4676

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

円4,034.00
Price
円2,166.71
GF Value