JFE Systems (TSE:4832) Cyclically Adjusted PB Ratio: 2.60 (As of Aug. 07, 2026) — Near Median

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TSE:4832 JFE Systems Inc TSE:4832
82 GF Score
Price 円1,903.00
GF Value 円1,630.91
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is JFE Systems Cyclically Adjusted PB Ratio?

JFE Systems TSE:4832 82 Cyclically Adjusted PB Ratio is 2.60 as of Aug. 07, 2026, which is 4% above its 10-year median of 2.50. GuruFocus rates TSE:4832 with a GF Score™ of 82/100 and a GF Value™ of 円1,630.91 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,564 Software companies, JFE Systems ranks worse than 55.18% on this metric.

As of today (2026-08-07), JFE Systems's current share price is 円1903.00. JFE Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円730.85. JFE Systems's Cyclically Adjusted PB Ratio for today is 2.60.

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

TSE:4832' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6   Med: 2.5   Max: 3.89
Current: 2.62

During the past years, JFE Systems's highest Cyclically Adjusted PB Ratio was 3.89. The lowest was 1.60. And the median was 2.50.

TSE:4832's Cyclically Adjusted PB Ratio is ranked worse than
55.18% of 1564 companies
in the Software industry
Industry Median: 2.245 vs TSE:4832: 2.62

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.

JFE Systems's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,129.174. 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730.85 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JFE Systems  (TSE:4832) 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.


JFE Systems Cyclically Adjusted PB Ratio Related Terms


JFE Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JFE Systems'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.

JFE Systems Cyclically Adjusted PB Ratio Chart

JFE Systems 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 2.64 3.43 2.44 2.77

JFE Systems 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 2.71 3.17 3.36 2.77 0.00

TSE:4832 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, JFE Systems'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.


JFE Systems Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:4832
82GF Score
JFE Systems Inc TSE:4832
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JFE Systems 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.

JFE Systems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1903.00/730.85
=2.60

* 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.

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

For example, JFE Systems'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)
=1129.174/112.7000*112.7000
=1,129.174

Current CPI (Mar. 2026) = 112.7000.

JFE Systems Quarterly Data

Book Value per Share CPI Adj_Book
201606 348.329 98.100 400.170
201609 359.897 98.000 413.882
201612 369.201 98.400 422.855
201703 387.560 98.100 445.240
201706 372.046 98.500 425.681
201709 390.491 98.800 445.428
201712 404.060 99.400 458.124
201803 425.068 99.200 482.915
201806 423.122 99.200 480.704
201809 447.925 99.900 505.317
201812 464.629 99.700 525.213
201903 484.810 99.700 548.025
201906 480.733 99.800 542.872
201909 511.239 100.100 575.591
201912 535.635 100.500 600.657
202003 572.182 100.300 642.920
202006 561.102 99.900 632.995
202009 584.760 99.900 659.684
202012 611.719 99.300 694.267
202103 649.029 99.900 732.188
202106 639.312 99.500 724.125
202109 669.809 100.100 754.121
202112 710.021 100.100 799.394
202203 734.813 101.100 819.124
202206 721.205 101.800 798.426
202209 754.544 103.100 824.802
202212 779.320 104.100 843.702
202303 824.028 104.400 889.540
202306 835.654 105.200 895.230
202309 882.015 106.200 935.999
202312 893.442 106.800 942.799
202403 924.329 107.200 971.753
202406 923.924 108.200 962.350
202409 963.240 108.900 996.852
202412 987.967 110.700 1,005.816
202503 1,050.805 111.100 1,065.938
202506 1,049.946 111.700 1,059.346
202509 1,075.890 112.000 1,082.614
202512 1,101.025 113.000 1,098.102
202603 1,129.174 112.700 1,129.174

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 2.60 mean?
JFE Systems (TSE:4832) has a Cyclically Adjusted PB Ratio of 2.60 as of Aug. 07, 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 JFE Systems and its competitors. This is near median its historical median of 2.50. Over the past decade, JFE Systems' Cyclically Adjusted PB Ratio has ranged from 1.60 to 3.89. According to the industry distribution chart, JFE Systems ranks #863 out of 1564 companies in the Software industry, placing it in the top 55.2%.
Is JFE Systems' Cyclically Adjusted PB Ratio too high?
JFE Systems' current Cyclically Adjusted PB Ratio of 2.60 is near median its 10-year median of 2.50. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 3.89. The Software industry median Cyclically Adjusted PB Ratio is 2.25. JFE Systems' value of 2.60 is 15.8% above this industry median. Based on the distribution chart, JFE Systems ranks #863 out of 1564 companies in the Software industry, which is below the industry midpoint. Overall, JFE Systems has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JFE Systems' Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, JFE Systems ranks #863 out of 1564 companies for Cyclically Adjusted PB Ratio. This places JFE Systems in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.25. JFE Systems' value of 2.60 is 15.8% above this benchmark. Historically, JFE Systems' own Cyclically Adjusted PB Ratio has ranged from 1.60 to 3.89 over the past decade. While the company's 10-year median is 2.50 vs. the industry median of 2.25, JFE Systems 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 2.25, based on 1,564 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. JFE Systems's current Cyclically Adjusted PB Ratio of 2.60 is 15.8% 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 JFE Systems and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JFE Systems's current Cyclically Adjusted PB Ratio is 2.60, which is near median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JFE Systems stock overvalued right now?
Based on GuruFocus' analysis, JFE Systems (TSE:4832) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,630.91, compared to a current price of 円1,903.00 — trading 16.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.60, which is near median its 10-year median of 2.50 and 15.8% above the Software industry median of 2.25. JFE Systems' overall GF Score™ is 82/100 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 JFE Systems (TSE:4832), the current Cyclically Adjusted PB Ratio is 2.60 as of Aug. 07, 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 JFE Systems (TSE:4832) Overvalued in 2026?

Based on GuruFocus' analysis, JFE Systems stock appears to be overvalued. The current stock price of 円1,903.00 is trading 16.7% above its estimated GF Value™ of 円1,630.91. GuruFocus considers JFE Systems to be Modestly Overvalued.

Key valuation signals for TSE:4832:

  • Cyclically Adjusted PB Ratio: 2.60 (near median its 10-year median of 2.50)
  • GF Value™: 円1,630.91 vs. price of 円1,903.00 (16.7% above fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 15.8% above the Software median (#863 of 1564)

No single metric tells the full story. See the TSE:4832 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JFE Systems Business Description

Other Exchanges JFEYF:USA
Address 1-3-2 Shibaura Minato-ku, Sea Bank S Building, Tokyo, JPN, 105-0023
JFE Systems Inc is a Japan-based computer integrated systems design company. It is mainly engaged in the planning, design, development, and maintenance of computer systems. It offers industry solutions. business solutions, and infrastructure solutions. The company builds solutions for financial sectors, the food industry, and the manufacturing sector. It is also engaged in the application development and maintenance services.
82GF Score

Get the complete analysis for TSE:4832

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

円1,903.00
Price
円1,630.91
GF Value