TDC Soft (TSE:4687) Cyclically Adjusted PB Ratio: 3.13 (As of Aug. 13, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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TSE:4687 TDC Soft Inc TSE:4687
78 GF Score
Price 円1,009.00
GF Value 円1,448.20
Valuation Significantly Undervalued
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What is TDC Soft Cyclically Adjusted PB Ratio?

TDC Soft TSE:4687 +6.77% 78 Cyclically Adjusted PB Ratio is 3.13 as of Aug. 13, 2026, which is 3% above its 10-year median of 3.03. GuruFocus rates TSE:4687 with a GF Score™ of 78/100 and a GF Value™ of 円1,448.20 (Significantly Undervalued). Among 1,551 Software companies, TDC Soft ranks worse than 58.22% on this metric.

As of today (2026-08-13), TDC Soft's current share price is 円1009.00. TDC Soft's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円322.74. TDC Soft's Cyclically Adjusted PB Ratio for today is 3.13.

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

TSE:4687' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.88   Med: 3.03   Max: 5.86
Current: 3.13

During the past years, TDC Soft's highest Cyclically Adjusted PB Ratio was 5.86. The lowest was 1.88. And the median was 3.03.

TSE:4687's Cyclically Adjusted PB Ratio is ranked worse than
58.22% of 1551 companies
in the Software industry
Industry Median: 2.31 vs TSE:4687: 3.13

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.

TDC Soft's adjusted book value per share data for the three months ended in Mar. 2026 was 円495.373. 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322.74 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TDC Soft  (TSE:4687) 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.


TDC Soft Cyclically Adjusted PB Ratio Related Terms


TDC Soft Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TDC Soft'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.

TDC Soft Cyclically Adjusted PB Ratio Chart

TDC Soft 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 2.88 3.26 4.43 4.41 2.83

TDC Soft 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 4.51 4.53 4.32 2.83 0.00

TSE:4687 vs MSFT, ORCL, PLTR: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, TDC Soft'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.


TDC Soft Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:4687
78GF Score
TDC Soft Inc TSE:4687
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TDC Soft 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.

TDC Soft's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1009.00/322.74
=3.13

* 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.

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

For example, TDC Soft'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)
=495.373/112.7000*112.7000
=495.373

Current CPI (Mar. 2026) = 112.7000.

TDC Soft Quarterly Data

Book Value per Share CPI Adj_Book
201606 165.050 98.100 189.614
201609 173.470 98.000 199.491
201612 181.694 98.400 208.099
201703 189.421 98.100 217.612
201706 186.979 98.500 213.934
201709 199.447 98.800 227.507
201712 206.976 99.400 234.670
201803 214.743 99.200 243.967
201806 210.909 99.200 239.611
201809 224.100 99.900 252.814
201812 227.654 99.700 257.338
201903 237.969 99.700 268.998
201906 230.032 99.800 259.766
201909 238.692 100.100 268.737
201912 252.541 100.500 283.198
202003 251.213 100.300 282.270
202006 256.597 99.900 289.474
202009 268.051 99.900 302.396
202012 273.904 99.300 310.866
202103 283.495 99.900 319.819
202106 283.048 99.500 320.598
202109 296.566 100.100 333.896
202112 309.419 100.100 348.367
202203 316.318 101.100 352.612
202206 301.311 101.800 333.573
202209 321.378 103.100 351.303
202212 330.881 104.100 358.216
202303 344.239 104.400 371.607
202306 342.999 105.200 367.452
202309 360.757 106.200 382.837
202312 377.826 106.800 398.698
202403 392.163 107.200 412.283
202406 0.000 108.200 0.000
202409 400.299 108.900 414.267
202412 424.812 110.700 432.487
202503 442.972 111.100 449.351
202506 439.341 111.700 443.274
202509 463.651 112.000 466.549
202512 485.328 113.000 484.040
202603 495.373 112.700 495.373

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 3.13 mean?
TDC Soft (TSE:4687) has a Cyclically Adjusted PB Ratio of 3.13 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 TDC Soft and its competitors. This is near median its historical median of 3.03. Over the past decade, TDC Soft's Cyclically Adjusted PB Ratio has ranged from 1.88 to 5.86. According to the industry distribution chart, TDC Soft ranks #903 out of 1551 companies in the Software industry, placing it in the top 58.2%.
Is TDC Soft's Cyclically Adjusted PB Ratio too high?
TDC Soft's current Cyclically Adjusted PB Ratio of 3.13 is near median its 10-year median of 3.03. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 5.86. The Software industry median Cyclically Adjusted PB Ratio is 2.31. TDC Soft's value of 3.13 is 35.5% above this industry median. Based on the distribution chart, TDC Soft ranks #903 out of 1551 companies in the Software industry, which is below the industry midpoint. Overall, TDC Soft has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TDC Soft's Cyclically Adjusted PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, TDC Soft ranks #903 out of 1551 companies for Cyclically Adjusted PB Ratio. This places TDC Soft in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. TDC Soft's value of 3.13 is 35.5% above this benchmark. Historically, TDC Soft's own Cyclically Adjusted PB Ratio has ranged from 1.88 to 5.86 over the past decade. While the company's 10-year median is 3.03 vs. the industry median of 2.31, TDC Soft 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. TDC Soft's current Cyclically Adjusted PB Ratio of 3.13 is 35.5% 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 TDC Soft 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. TDC Soft's current Cyclically Adjusted PB Ratio is 3.13, which is near median its own 10-year median of 3.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TDC Soft stock overvalued right now?
Based on GuruFocus' analysis, TDC Soft (TSE:4687) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,448.20, compared to a current price of 円1,009.00 — trading 30.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.13, which is near median its 10-year median of 3.03 and 35.5% above the Software industry median of 2.31. TDC Soft's overall GF Score™ is 78/100. 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 TDC Soft (TSE:4687), the current Cyclically Adjusted PB Ratio is 3.13 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 TDC Soft (TSE:4687) Overvalued in 2026?

Based on GuruFocus' analysis, TDC Soft stock appears to be undervalued. The current stock price of 円1,009.00 is trading 30.3% below its estimated GF Value™ of 円1,448.20. GuruFocus considers TDC Soft to be Significantly Undervalued.

Key valuation signals for TSE:4687:

  • Cyclically Adjusted PB Ratio: 3.13 (near median its 10-year median of 3.03)
  • GF Value™: 円1,448.20 vs. price of 円1,009.00 (30.3% below fair value)
  • GF Score™: 78/100
  • Industry Position: 35.5% above the Software median (#903 of 1551)

No single metric tells the full story. See the TSE:4687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TDC Soft Business Description

Address Yoyogi 3-22-7 Shibuya Culture Quint Building, Shibuya-ku, Tokyo, JPN, 151-0051
TDC Soft Inc is engaged in development, sale, rental, import, and export of computer software. It also provides sales and education training related to information science and information processing systems. The company's products and services include Cloud platform, Amazon web service, HuTaCT, Health management support solution, BP-LINKS, Meeepa, and others.
78GF Score

Get the complete analysis for TSE:4687

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

円1,009.00
Price
円1,448.20
GF Value