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NCD CoTSE:4783 -0.12%91 Cyclically Adjusted PB Ratio is 3.72 as of Aug. 06, 2026, which is 50% above its 10-year median of 2.48. GuruFocus rates TSE:4783 with a GF Score™ of 91/100 and a GF Value™ of 円2,416.45 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,565 Software companies, NCD Co ranks worse than 69.07% on this metric.
As of today (2026-08-06), NCD Co's current share price is 円2435.00. NCD Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was 円653.86. NCD Co's Cyclically Adjusted PB Ratio for today is 3.72.
The historical rank and industry rank for NCD Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:4783'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.48 Med: 2.48 Max: 6.09
Current: 3.84
During the past 13 years, NCD Co's highest Cyclically Adjusted PB Ratio was 6.09. The lowest was 1.48. And the median was 2.48.
TSE:4783's Cyclically Adjusted PB Ratio is ranked worse than 69.07% of 1565
companies
in the Software industry
Industry Median: 2.24
vs TSE:4783: 3.84
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.
NCD Co's adjusted book value per share data of for the fiscal year that ended in Mar26 was 円1,046.797. 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653.86 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
NCD Co (TSE:4783) 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.
NCD Co Cyclically Adjusted PB Ratio Related Terms
NCD Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for NCD 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.
TSE:4783 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison
For the Information Technology Services subindustry, NCD 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.
NCD Co Cyclically Adjusted PB Ratio vs Software Industry
For the Software industry and Technology sector, NCD Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where NCD Co's Cyclically Adjusted PB Ratio falls into.
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.
NCD Co's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 3.72 mean?
NCD Co (TSE:4783) has a Cyclically Adjusted PB Ratio of 3.72 as of Aug. 06, 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 NCD Co and its competitors. This is 50% above median its historical median of 2.48. Over the past decade, NCD Co's Cyclically Adjusted PB Ratio has ranged from 1.48 to 6.09. According to the industry distribution chart, NCD Co ranks #1081 out of 1565 companies in the Software industry, placing it in the top 69.1%.
Is NCD Co's Cyclically Adjusted PB Ratio too high?
NCD Co's current Cyclically Adjusted PB Ratio of 3.72 is 50% above median its 10-year median of 2.48. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 6.09. The Software industry median Cyclically Adjusted PB Ratio is 2.24. NCD Co's value of 3.72 is 66.1% above this industry median. Based on the distribution chart, NCD Co ranks #1081 out of 1565 companies in the Software industry, which is below the industry midpoint. Overall, NCD Co has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NCD Co's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, NCD Co ranks #1081 out of 1565 companies for Cyclically Adjusted PB Ratio. This places NCD Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.24. NCD Co's value of 3.72 is 66.1% above this benchmark. Historically, NCD Co's own Cyclically Adjusted PB Ratio has ranged from 1.48 to 6.09 over the past decade. While the company's 10-year median is 2.48 vs. the industry median of 2.24, NCD 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 a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.24, based on 1,565 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. NCD Co's current Cyclically Adjusted PB Ratio of 3.72 is 66.1% 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 NCD Co and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCD Co's current Cyclically Adjusted PB Ratio is 3.72, which is 50% above median its own 10-year median of 2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCD Co stock overvalued right now?
Based on GuruFocus' analysis, NCD Co (TSE:4783) is currently considered Fairly Valued. The stock's GF Value™ is 円2,416.45, compared to a current price of 円2,435.00 — trading 0.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.72, which is 50% above median its 10-year median of 2.48 and 66.1% above the Software industry median of 2.24. NCD Co's overall GF Score™ is 91/100 with 1 warning sign 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 NCD Co (TSE:4783), the current Cyclically Adjusted PB Ratio is 3.72 as of Aug. 06, 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 NCD Co (TSE:4783) Overvalued in 2026?
Based on GuruFocus' analysis, NCD Co stock appears to be overvalued.
The current stock price of 円2,435.00 is trading 0.8% above its estimated GF Value™ of 円2,416.45.
GuruFocus considers NCD Co to be Fairly Valued.
Key valuation signals for TSE:4783:
Cyclically Adjusted PB Ratio: 3.72 (50% above median its 10-year median of 2.48)
GF Value™: 円2,416.45 vs. price of 円2,435.00 (0.8% above fair value)
Industry Position: 66.1% above the Software median (#1081 of 1565)
No single metric tells the full story. See the TSE:4783 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NCD Co Ltd is engaged in IT related business. The businesses of the company are System development business that includes System Construction Solutions, Packaging Solutions, Application maintenance and operation solutions; Support & Service Business that includes Infrastructure Construction Solutions, Infrastructure maintenance and operation solutions, and Business Support Solutions; and Parking system business (bicycle parking lot related business) that includes Construction, operation and management of bicycle parking lots, Sales and operation of bicycle parking management systems, and Bicycle-related comprehensive consulting.
91GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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