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Intelligent WaveTSE:4847 +26.70%88 Cyclically Adjusted PB Ratio is 4.24 as of Aug. 07, 2026, which is 19% above its 10-year median of 3.56. GuruFocus rates TSE:4847 with a GF Score™ of 88/100 and a GF Value™ of 円1,198.29 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,565 Software companies, Intelligent Wave ranks worse than 64.41% on this metric.
The historical rank and industry rank for Intelligent Wave's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSE:4847'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.11 Med: 3.56 Max: 5.44
Current: 3.35
During the past years, Intelligent Wave's highest Cyclically Adjusted PB Ratio was 5.44. The lowest was 2.11. And the median was 3.56.
TSE:4847's Cyclically Adjusted PB Ratio is ranked worse than 64.41% of 1565
companies
in the Software industry
Industry Median: 2.24
vs TSE:4847: 3.35
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.
Intelligent Wave's adjusted book value per share data for the three months ended in Dec. 2025 was 円370.497. 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299.04 for the trailing ten years ended in Dec. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
Intelligent Wave (TSE:4847) 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.
Intelligent Wave Cyclically Adjusted PB Ratio Related Terms
Intelligent Wave Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Intelligent Wave'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.
Intelligent Wave Cyclically Adjusted PB Ratio Chart
TSE:4847 vs MSFT, ORCL, PLTR: Cyclically Adjusted PB Ratio Comparison
For the Software - Infrastructure subindustry, Intelligent Wave'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.
Intelligent Wave Cyclically Adjusted PB Ratio vs Software Industry
For the Software industry and Technology sector, Intelligent Wave's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Intelligent Wave's Cyclically Adjusted PB Ratio falls into.
Intelligent Wave 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.
Intelligent Wave'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 4.24 mean?
Intelligent Wave (TSE:4847) has a Cyclically Adjusted PB Ratio of 4.24 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 Intelligent Wave and its competitors. This is 19% above median its historical median of 3.56. Over the past decade, Intelligent Wave's Cyclically Adjusted PB Ratio has ranged from 2.11 to 5.44. According to the industry distribution chart, Intelligent Wave ranks #1008 out of 1565 companies in the Software industry, placing it in the top 64.4%.
Is Intelligent Wave's Cyclically Adjusted PB Ratio too high?
Intelligent Wave's current Cyclically Adjusted PB Ratio of 4.24 is 19% above median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 2.11 to a high of 5.44. The Software industry median Cyclically Adjusted PB Ratio is 2.24. Intelligent Wave's value of 4.24 is 89.3% above this industry median. Based on the distribution chart, Intelligent Wave ranks #1008 out of 1565 companies in the Software industry, which is below the industry midpoint. Overall, Intelligent Wave has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Intelligent Wave's Cyclically Adjusted PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Intelligent Wave ranks #1008 out of 1565 companies for Cyclically Adjusted PB Ratio. This places Intelligent Wave in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.24. Intelligent Wave's value of 4.24 is 89.3% above this benchmark. Historically, Intelligent Wave's own Cyclically Adjusted PB Ratio has ranged from 2.11 to 5.44 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 2.24, Intelligent Wave 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. Intelligent Wave's current Cyclically Adjusted PB Ratio of 4.24 is 89.3% 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 Intelligent Wave 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. Intelligent Wave's current Cyclically Adjusted PB Ratio is 4.24, which is 19% above median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intelligent Wave stock overvalued right now?
Based on GuruFocus' analysis, Intelligent Wave (TSE:4847) is currently considered Fairly Valued. The stock's GF Value™ is 円1,198.29, compared to a current price of 円1,267.00 — trading 5.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.24, which is 19% above median its 10-year median of 3.56 and 89.3% above the Software industry median of 2.24. Intelligent Wave's overall GF Score™ is 88/100 with 3 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 Intelligent Wave (TSE:4847), the current Cyclically Adjusted PB Ratio is 4.24 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 Intelligent Wave (TSE:4847) Overvalued in 2026?
Based on GuruFocus' analysis, Intelligent Wave stock appears to be overvalued.
The current stock price of 円1,267.00 is trading 5.7% above its estimated GF Value™ of 円1,198.29.
GuruFocus considers Intelligent Wave to be Fairly Valued.
Key valuation signals for TSE:4847:
Cyclically Adjusted PB Ratio: 4.24 (19% above median its 10-year median of 3.56)
GF Value™: 円1,198.29 vs. price of 円1,267.00 (5.7% above fair value)
Industry Position: 89.3% above the Software median (#1008 of 1565)
No single metric tells the full story. See the TSE:4847 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intelligent Wave Inc is engaged in sales of system development services and system products, including hardware and software. It operates in two business segments including the Financial Systems Solutions business, and the Product Solutions business. In the Financial Systems Solutions business, it offers value-added system development, through software and hardware integration, and maintenance services for customers operating primarily in the financial services industry. In the Product Solutions business, it deploys and maintains high value-added systems for data security and other solutions based on the in-house developed product as well as system software procured from third parties for customers operating in a range of industries and fields.
88GF 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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