CGS Holdings (TSE:6633) Cyclically Adjusted PB Ratio: 1.04 (As of Aug. 12, 2026) — 10% Below Median

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TSE:6633 CGS Holdings Inc TSE:6633
67 GF Score
Price 円325.00
GF Value 円412.64
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is CGS Holdings Cyclically Adjusted PB Ratio?

CGS Holdings TSE:6633 -0.61% 67 Cyclically Adjusted PB Ratio is 1.04 as of Aug. 12, 2026, which is 10% below its 10-year median of 1.15. GuruFocus rates TSE:6633 with a GF Score™ of 67/100 and a GF Value™ of 円412.64 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,551 Software companies, CGS Holdings ranks better than 72.79% on this metric.

As of today (2026-08-12), CGS Holdings's current share price is 円325.00. CGS Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円311.73. CGS Holdings's Cyclically Adjusted PB Ratio for today is 1.04.

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

TSE:6633' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.15   Max: 1.69
Current: 1.05

During the past years, CGS Holdings's highest Cyclically Adjusted PB Ratio was 1.69. The lowest was 0.98. And the median was 1.15.

TSE:6633's Cyclically Adjusted PB Ratio is ranked better than
72.79% of 1551 companies
in the Software industry
Industry Median: 2.31 vs TSE:6633: 1.05

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.

CGS Holdings's adjusted book value per share data for the three months ended in Dec. 2025 was 円353.849. 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311.73 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


CGS Holdings  (TSE:6633) 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.


CGS Holdings Cyclically Adjusted PB Ratio Related Terms


CGS Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CGS Holdings'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.

CGS Holdings Cyclically Adjusted PB Ratio Chart

CGS Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.31 1.35 1.10 0.98 1.16

CGS Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 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 1.05 1.05 1.34 1.16 0.00

TSE:6633 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, CGS Holdings'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.


CGS Holdings Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:6633
67GF Score
CGS Holdings Inc TSE:6633
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CGS Holdings 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.

CGS Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=325.00/311.73
=1.04

* 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.

CGS Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, CGS Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=353.849/113.0000*113.0000
=353.849

Current CPI (Dec. 2025) = 113.0000.

CGS Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201512 216.781 98.100 249.707
201603 212.061 97.900 244.769
201606 216.721 98.100 249.638
201609 222.478 98.000 256.531
201612 231.422 98.400 265.759
201703 227.038 98.100 261.522
201706 237.299 98.500 272.231
201709 242.418 98.800 277.259
201712 274.654 99.400 312.232
201803 264.907 99.200 301.759
201806 262.567 99.200 299.093
201809 269.097 99.900 304.384
201812 271.432 99.700 307.641
201903 262.894 99.700 297.964
201906 263.906 99.800 298.811
201909 268.692 100.100 303.319
201912 271.325 100.500 305.072
202003 266.063 100.300 299.752
202006 268.242 99.900 303.417
202009 270.142 99.900 305.566
202012 271.495 99.300 308.952
202103 279.064 99.900 315.658
202106 283.161 99.500 321.580
202109 293.116 100.100 330.890
202112 294.627 100.100 332.596
202203 297.013 101.100 331.973
202206 307.796 101.800 341.660
202209 318.081 103.100 348.624
202212 320.502 104.100 347.903
202303 314.642 104.400 340.561
202306 324.664 105.200 348.736
202309 323.347 106.200 344.051
202312 323.550 106.800 342.333
202403 321.770 107.200 339.179
202406 325.582 108.200 340.026
202412 335.779 110.700 342.755
202503 326.274 111.100 331.854
202506 337.145 111.700 341.069
202509 345.407 112.000 348.491
202512 353.849 113.000 353.849

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 1.04 mean?
CGS Holdings (TSE:6633) has a Cyclically Adjusted PB Ratio of 1.04 as of Aug. 12, 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 CGS Holdings and its competitors. This is 10% below median its historical median of 1.15. Over the past decade, CGS Holdings' Cyclically Adjusted PB Ratio has ranged from 0.98 to 1.69. According to the industry distribution chart, CGS Holdings ranks #422 out of 1551 companies in the Software industry, placing it in the top 27.2%.
Is CGS Holdings' Cyclically Adjusted PB Ratio too high?
CGS Holdings' current Cyclically Adjusted PB Ratio of 1.04 is 10% below median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 1.69. The Software industry median Cyclically Adjusted PB Ratio is 2.31. CGS Holdings' value of 1.04 is 55% below this industry median. Based on the distribution chart, CGS Holdings ranks #422 out of 1551 companies in the Software industry, which is above the industry midpoint. Overall, CGS Holdings has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CGS Holdings' Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, CGS Holdings ranks #422 out of 1551 companies for Cyclically Adjusted PB Ratio. This puts CGS Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. CGS Holdings' value of 1.04 is 55% below this benchmark. Historically, CGS Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.98 to 1.69 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 2.31, CGS Holdings 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 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. CGS Holdings's current Cyclically Adjusted PB Ratio of 1.04 is 55% 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 CGS Holdings 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. CGS Holdings's current Cyclically Adjusted PB Ratio is 1.04, which is 10% below median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CGS Holdings stock overvalued right now?
Based on GuruFocus' analysis, CGS Holdings (TSE:6633) is currently considered Modestly Undervalued. The stock's GF Value™ is 円412.64, compared to a current price of 円325.00 — trading 21.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.04, which is 10% below median its 10-year median of 1.15 and 55% below the Software industry median of 2.31. CGS Holdings' overall GF Score™ is 67/100 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 CGS Holdings (TSE:6633), the current Cyclically Adjusted PB Ratio is 1.04 as of Aug. 12, 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 CGS Holdings (TSE:6633) Overvalued in 2026?

Based on GuruFocus' analysis, CGS Holdings stock appears to be undervalued. The current stock price of 円325.00 is trading 21.2% below its estimated GF Value™ of 円412.64. GuruFocus considers CGS Holdings to be Modestly Undervalued.

Key valuation signals for TSE:6633:

  • Cyclically Adjusted PB Ratio: 1.04 (10% below median its 10-year median of 1.15)
  • GF Value™: 円412.64 vs. price of 円325.00 (21.2% below fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 55% below the Software median (#422 of 1551)

No single metric tells the full story. See the TSE:6633 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CGS Holdings Business Description

Address 2-2-24 Higashi-Shinagawa, Tennoz Central Tower, 19th floor, Shinagawa-ku, Tokyo, JPN, 140-0002
CGS Holdings Inc formerly C&G Systems Inc is engaged in the development, sales, and support of mold CAD, CAM system, and production management system. The products of the company include EXCESS HYBRID, CAM TOOL, CG series, and AIQ.
67GF Score

Get the complete analysis for TSE:6633

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

円325.00
Price
円412.64
GF Value