Def Consulting (TSE:4833) Cyclically Adjusted PB Ratio: 0.84 (As of Aug. 06, 2026) — 59% Below 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:4833 Def Consulting Inc TSE:4833
44 GF Score
Price 円43.00
GF Value 円67.83
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Def Consulting Cyclically Adjusted PB Ratio?

Def Consulting TSE:4833 -2.27% 44 Cyclically Adjusted PB Ratio is 0.84 as of Aug. 06, 2026, which is 59% below its 10-year median of 2.06. GuruFocus rates TSE:4833 with a GF Score™ of 44/100 and a GF Value™ of 円67.83 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 729 Business Services companies, Def Consulting ranks better than 71.19% on this metric.

As of today (2026-08-06), Def Consulting's current share price is 円43.00. Def Consulting's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was 円51.49. Def Consulting's Cyclically Adjusted PB Ratio for today is 0.84.

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

TSE:4833' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 2.06   Max: 8.14
Current: 0.84

During the past 13 years, Def Consulting's highest Cyclically Adjusted PB Ratio was 8.14. The lowest was 0.64. And the median was 2.06.

TSE:4833's Cyclically Adjusted PB Ratio is ranked better than
71.19% of 729 companies
in the Business Services industry
Industry Median: 1.55 vs TSE:4833: 0.84

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.

Def Consulting's adjusted book value per share data of for the fiscal year that ended in Mar26 was 円33.238. 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51.49 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Def Consulting  (TSE:4833) 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.


Def Consulting Cyclically Adjusted PB Ratio Related Terms


Def Consulting Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Def Consulting'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.

Def Consulting Cyclically Adjusted PB Ratio Chart

Def Consulting 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 2.42 1.56 1.23 1.33 1.30

Def Consulting Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 1.23 1.04 1.33 0.00 1.30

TSE:4833 vs VRSK, EFX, BAH: Cyclically Adjusted PB Ratio Comparison

For the Consulting Services subindustry, Def Consulting'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.


Def Consulting Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Def Consulting's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:4833
44GF Score
Def Consulting Inc TSE:4833
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Def Consulting 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.

Def Consulting's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.00/51.49
=0.84

* 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.

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

For example, Def Consulting'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)
=33.238/112.7000*112.7000
=33.238

Current CPI (Mar26) = 112.7000.

Def Consulting Annual Data

Book Value per Share CPI Adj_Book
201703 53.559 98.100 61.530
201803 64.073 99.200 72.793
201903 84.805 99.700 95.863
202003 67.204 100.300 75.512
202103 59.509 99.900 67.134
202203 42.980 101.100 47.911
202303 22.014 104.400 23.764
202403 25.147 107.200 26.437
202503 10.540 111.100 10.692
202603 33.238 112.700 33.238

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 0.84 mean?
Def Consulting (TSE:4833) has a Cyclically Adjusted PB Ratio of 0.84 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 Def Consulting and its competitors. This is 59% below median its historical median of 2.06. Over the past decade, Def Consulting's Cyclically Adjusted PB Ratio has ranged from 0.64 to 8.14. According to the industry distribution chart, Def Consulting ranks #210 out of 729 companies in the Business Services industry, placing it in the top 28.8%.
Is Def Consulting's Cyclically Adjusted PB Ratio too high?
Def Consulting's current Cyclically Adjusted PB Ratio of 0.84 is 59% below median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 8.14. The Business Services industry median Cyclically Adjusted PB Ratio is 1.55. Def Consulting's value of 0.84 is 45.8% below this industry median. Based on the distribution chart, Def Consulting ranks #210 out of 729 companies in the Business Services industry, which is above the industry midpoint. Overall, Def Consulting has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Def Consulting's Cyclically Adjusted PB Ratio compare to VRSK and EFX?
According to the Business Services industry distribution chart, Def Consulting ranks #210 out of 729 companies for Cyclically Adjusted PB Ratio. This puts Def Consulting in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Def Consulting's value of 0.84 is 45.8% below this benchmark. Historically, Def Consulting's own Cyclically Adjusted PB Ratio has ranged from 0.64 to 8.14 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 1.55, Def Consulting has consistently been below 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.55, based on 729 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. Def Consulting's current Cyclically Adjusted PB Ratio of 0.84 is 45.8% below 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 Def Consulting and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Def Consulting's current Cyclically Adjusted PB Ratio is 0.84, which is 59% below median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Def Consulting stock overvalued right now?
Based on GuruFocus' analysis, Def Consulting (TSE:4833) is currently considered Possible Value Trap. The stock's GF Value™ is 円67.83, compared to a current price of 円43.00 — trading 36.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.84, which is 59% below median its 10-year median of 2.06 and 45.8% below the Business Services industry median of 1.55. Def Consulting's overall GF Score™ is 44/100 with 4 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 Def Consulting (TSE:4833), the current Cyclically Adjusted PB Ratio is 0.84 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 Def Consulting (TSE:4833) Overvalued in 2026?

Based on GuruFocus' analysis, Def Consulting stock appears to be undervalued. The current stock price of 円43.00 is trading 36.6% below its estimated GF Value™ of 円67.83. GuruFocus considers Def Consulting to be Possible Value Trap.

Key valuation signals for TSE:4833:

  • Cyclically Adjusted PB Ratio: 0.84 (59% below median its 10-year median of 2.06)
  • GF Value™: 円67.83 vs. price of 円43.00 (36.6% below fair value)
  • GF Score™: 44/100 with 4 warning signs
  • Industry Position: 45.8% below the Business Services median (#210 of 729)

No single metric tells the full story. See the TSE:4833 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Def Consulting Business Description

Address 21F Toranomon Hills Mori Tower, 1-23-1 Toranomon, Minato-ku, Tokyo, JPN, 105-6321
Def Consulting Inc is a strategic advisory firm specializing in business transformation, digital innovation, and operational efficiency. The company partners with organizations across industries to deliver tailored solutions that drive growth and competitiveness using consultants combined with deep industry knowledge and cutting-edge methodologies to solve complex business challenges.
44GF Score

Get the complete analysis for TSE:4833

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

円43.00
Price
円67.83
GF Value