Buffalo (TSE:6676) Cyclically Adjusted PB Ratio: 1.67 (As of Aug. 08, 2026) — 114% Above Median

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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.
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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:6676 Buffalo Inc TSE:6676
57 GF Score
Price 円2,894.00
GF Value 円1,067.78
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Buffalo Cyclically Adjusted PB Ratio?

Buffalo TSE:6676 +4.18% 57 Cyclically Adjusted PB Ratio is 1.67 as of Aug. 08, 2026, which is 114% above its 10-year median of 0.78. GuruFocus rates TSE:6676 with a GF Score™ of 57/100 and a GF Value™ of 円1,067.78 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,968 Hardware companies, Buffalo ranks better than 57.67% on this metric.

As of today (2026-08-08), Buffalo's current share price is 円2894.00. Buffalo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,737.34. Buffalo's Cyclically Adjusted PB Ratio for today is 1.67.

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

TSE:6676' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.78   Max: 1.59
Current: 1.56

During the past years, Buffalo's highest Cyclically Adjusted PB Ratio was 1.59. The lowest was 0.44. And the median was 0.78.

TSE:6676's Cyclically Adjusted PB Ratio is ranked better than
57.67% of 1968 companies
in the Hardware industry
Industry Median: 2 vs TSE:6676: 1.56

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.

Buffalo's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,815.675. 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1,737.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Buffalo  (TSE:6676) 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.


Buffalo Cyclically Adjusted PB Ratio Related Terms


Buffalo Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Buffalo'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.

Buffalo Cyclically Adjusted PB Ratio Chart

Buffalo 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 0.81 0.62 0.64 0.67 1.37

Buffalo Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.67 0.68 1.05 1.41 1.37

TSE:6676 vs DELL, ANET, SNDK: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, Buffalo'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.


Buffalo Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TSE:6676
57GF Score
Buffalo Inc TSE:6676
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Buffalo 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.

Buffalo's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2894.00/1737.34
=1.67

* 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.

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

For example, Buffalo'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)
=1815.675/112.7000*112.7000
=1,815.675

Current CPI (Mar. 2026) = 112.7000.

Buffalo Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,041.905 98.100 1,196.969
201609 1,047.944 98.000 1,205.136
201612 1,064.318 98.400 1,218.990
201703 1,165.072 98.100 1,338.467
201706 1,181.866 98.500 1,352.247
201709 1,222.507 98.800 1,394.499
201712 1,245.181 99.400 1,411.790
201803 1,302.720 99.200 1,480.005
201806 1,384.096 99.200 1,572.456
201809 1,416.100 99.900 1,597.542
201812 1,398.438 99.700 1,580.782
201903 1,390.015 99.700 1,571.261
201906 1,393.899 99.800 1,574.072
201909 1,447.540 100.100 1,629.748
201912 1,459.002 100.500 1,636.115
202003 1,444.248 100.300 1,622.799
202006 1,458.373 99.900 1,645.232
202009 1,528.310 99.900 1,724.129
202012 1,581.234 99.300 1,794.613
202103 1,639.659 99.900 1,849.745
202106 1,686.734 99.500 1,910.502
202109 1,719.189 100.100 1,935.590
202112 2,817.318 100.100 3,171.945
202203 1,870.477 101.100 2,085.092
202206 1,877.322 101.800 2,078.332
202209 1,863.188 103.100 2,036.676
202212 1,828.459 104.100 1,979.513
202303 1,852.871 104.400 2,000.178
202306 1,852.910 105.200 1,985.009
202309 1,880.935 106.200 1,996.058
202312 1,860.936 106.800 1,963.741
202403 1,913.317 107.200 2,011.482
202406 1,920.441 108.200 2,000.311
202409 1,956.628 108.900 2,024.903
202412 1,455.526 110.700 1,481.823
202503 1,480.977 111.100 1,502.305
202506 1,625.570 111.700 1,640.123
202509 1,720.470 112.000 1,731.223
202512 1,751.011 113.000 1,746.362
202603 1,815.675 112.700 1,815.675

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 1.67 mean?
Buffalo (TSE:6676) has a Cyclically Adjusted PB Ratio of 1.67 as of Aug. 08, 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 Buffalo and its competitors. This is 114% above median its historical median of 0.78. Over the past decade, Buffalo's Cyclically Adjusted PB Ratio has ranged from 0.44 to 1.59. According to the industry distribution chart, Buffalo ranks #833 out of 1968 companies in the Hardware industry, placing it in the top 42.3%.
Is Buffalo's Cyclically Adjusted PB Ratio too high?
Buffalo's current Cyclically Adjusted PB Ratio of 1.67 is 114% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.59. The Hardware industry median Cyclically Adjusted PB Ratio is 2.00. Buffalo's value of 1.67 is 16.5% below this industry median. Based on the distribution chart, Buffalo ranks #833 out of 1968 companies in the Hardware industry, which is above the industry midpoint. Overall, Buffalo has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Buffalo's Cyclically Adjusted PB Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, Buffalo ranks #833 out of 1968 companies for Cyclically Adjusted PB Ratio. This puts Buffalo in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.00. Buffalo's value of 1.67 is 16.5% below this benchmark. Historically, Buffalo's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 1.59 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 2.00, Buffalo 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.00, based on 1,968 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. Buffalo's current Cyclically Adjusted PB Ratio of 1.67 is 16.5% 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 Buffalo and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Buffalo's current Cyclically Adjusted PB Ratio is 1.67, which is 114% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Buffalo stock overvalued right now?
Based on GuruFocus' analysis, Buffalo (TSE:6676) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,067.78, compared to a current price of 円2,894.00 — trading 171% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.67, which is 114% above median its 10-year median of 0.78 and 16.5% below the Hardware industry median of 2.00. Buffalo's overall GF Score™ is 57/100 with 7 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 Buffalo (TSE:6676), the current Cyclically Adjusted PB Ratio is 1.67 as of Aug. 08, 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 Buffalo (TSE:6676) Overvalued in 2026?

Based on GuruFocus' analysis, Buffalo stock appears to be overvalued. The current stock price of 円2,894.00 is trading 171% above its estimated GF Value™ of 円1,067.78. GuruFocus considers Buffalo to be Significantly Overvalued.

Key valuation signals for TSE:6676:

  • Cyclically Adjusted PB Ratio: 1.67 (114% above median its 10-year median of 0.78)
  • GF Value™: 円1,067.78 vs. price of 円2,894.00 (171% above fair value)
  • GF Score™: 57/100 with 7 warning signs
  • Industry Position: 16.5% below the Hardware median (#833 of 1968)

No single metric tells the full story. See the TSE:6676 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Buffalo Business Description

Address 1-11-1 Marunouch, Pacific Century Place Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6215
Buffalo Inc is a holding company with interests in manufacturing computer and broadband equipment. Its product portfolio includes storage products, flash memory devices, digital home products, memory modules, network and broadband products, and computer and electronics supplies, accessories, and components. It also offers support services such as computer set-up at doorstep, surveys for corporate wireless LANs as well as installation. The firm has business operations throughout Japan, Asia, Europe, and the United States of America.
57GF Score

Get the complete analysis for TSE:6676

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

円2,894.00
Price
円1,067.78
GF Value