Pixela (TSE:6731) Cyclically Adjusted PB Ratio: 0.01 (As of Aug. 14, 2026) — 99% Below Median

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TSE:6731 Pixela Corp TSE:6731
40 GF Score
Price 円108.00
GF Value 円79.23
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Pixela Cyclically Adjusted PB Ratio?

Pixela TSE:6731 +1.89% 40 Cyclically Adjusted PB Ratio is 0.01 as of Aug. 14, 2026, which is 99% below its 10-year median of 1.07. GuruFocus rates TSE:6731 with a GF Score™ of 40/100 and a GF Value™ of 円79.23 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,962 Hardware companies, Pixela ranks better than 99.95% on this metric.

As of today (2026-08-14), Pixela's current share price is 円108.00. Pixela's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円20,043.03. Pixela's Cyclically Adjusted PB Ratio for today is 0.01.

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

TSE:6731' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 1.07   Max: 35.4
Current: 0.01

During the past years, Pixela's highest Cyclically Adjusted PB Ratio was 35.40. The lowest was 0.01. And the median was 1.07.

TSE:6731's Cyclically Adjusted PB Ratio is ranked better than
99.95% of 1962 companies
in the Hardware industry
Industry Median: 2.085 vs TSE:6731: 0.01

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.

Pixela's adjusted book value per share data for the three months ended in Mar. 2026 was 円61.207. 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20,043.03 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pixela  (TSE:6731) 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.


Pixela Cyclically Adjusted PB Ratio Related Terms


Pixela Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pixela'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.

Pixela Cyclically Adjusted PB Ratio Chart

Pixela Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.54 0.11 0.04 0.02

Pixela Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.02 0.03 0.02 0.02 0.01

TSE:6731 vs DELL, ANET, SNDK: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, Pixela'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.


Pixela Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TSE:6731
40GF Score
Pixela Corp TSE:6731
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pixela 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=108.00/20043.03
=0.01

* 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.

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

For example, Pixela'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)
=61.207/112.7000*112.7000
=61.207

Current CPI (Mar. 2026) = 112.7000.

Pixela Quarterly Data

Book Value per Share CPI Adj_Book
201603 9,717.773 97.900 11,186.854
201606 15,034.840 98.100 17,272.441
201609 23,667.897 98.000 27,218.082
201612 19,439.759 98.400 22,264.846
201703 28,786.333 98.100 33,070.538
201706 48,061.250 98.500 54,989.877
201709 54,015.125 98.800 61,614.419
201712 49,852.521 99.400 56,522.929
201803 49,854.235 99.200 56,638.834
201806 44,877.679 99.200 50,985.024
201809 51,473.070 99.900 58,068.218
201812 47,379.246 99.700 53,557.081
201903 42,286.421 99.700 47,800.197
201906 36,341.317 99.800 41,038.742
201909 27,007.781 100.100 30,407.362
201912 24,528.576 100.500 27,506.174
202003 17,234.743 100.300 19,365.459
202006 16,314.620 99.900 18,404.982
202009 13,448.210 99.900 15,171.304
202012 12,761.480 99.300 14,483.573
202103 12,528.489 99.900 14,133.741
202106 12,204.784 99.500 13,823.911
202109 11,220.744 100.100 12,633.145
202112 9,577.512 100.100 10,783.073
202203 7,492.244 101.100 8,351.888
202206 6,926.748 101.800 7,668.414
202209 5,497.685 103.100 6,009.594
202212 3,912.029 104.100 4,235.213
202303 2,253.265 104.400 2,432.404
202306 1,229.268 105.200 1,316.906
202309 798.308 106.200 847.169
202312 526.671 106.800 555.766
202403 347.284 107.200 365.102
202406 463.794 108.200 483.083
202409 73.126 108.900 75.678
202503 82.525 111.100 83.713
202506 151.324 111.700 152.679
202509 82.621 112.000 83.137
202512 58.525 113.000 58.370
202603 61.207 112.700 61.207

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 0.01 mean?
Pixela (TSE:6731) has a Cyclically Adjusted PB Ratio of 0.01 as of Aug. 14, 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 Pixela and its competitors. This is 99% below median its historical median of 1.07. Over the past decade, Pixela's Cyclically Adjusted PB Ratio has ranged from 0.01 to 35.40. According to the industry distribution chart, Pixela ranks #1 out of 1962 companies in the Hardware industry, placing it in the top 0.099999999999994%.
Is Pixela's Cyclically Adjusted PB Ratio too high?
Pixela's current Cyclically Adjusted PB Ratio of 0.01 is 99% below median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 35.40. The Hardware industry median Cyclically Adjusted PB Ratio is 2.09. Pixela's value of 0.01 is 99.5% below this industry median. Based on the distribution chart, Pixela ranks #1 out of 1962 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Pixela has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pixela's Cyclically Adjusted PB Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, Pixela ranks #1 out of 1962 companies for Cyclically Adjusted PB Ratio. This places Pixela in the top 0% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.09. Pixela's value of 0.01 is 99.5% below this benchmark. Historically, Pixela's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 35.40 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 2.09, Pixela 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 2.09, based on 1,962 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. Pixela's current Cyclically Adjusted PB Ratio of 0.01 is 99.5% 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 Pixela and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pixela's current Cyclically Adjusted PB Ratio is 0.01, which is 99% below median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pixela stock overvalued right now?
Based on GuruFocus' analysis, Pixela (TSE:6731) is currently considered Significantly Overvalued. The stock's GF Value™ is 円79.23, compared to a current price of 円108.00 — trading 36.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.01, which is 99% below median its 10-year median of 1.07 and 99.5% below the Hardware industry median of 2.09. Pixela's overall GF Score™ is 40/100 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 Pixela (TSE:6731), the current Cyclically Adjusted PB Ratio is 0.01 as of Aug. 14, 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 Pixela (TSE:6731) Overvalued in 2026?

Based on GuruFocus' analysis, Pixela stock appears to be overvalued. The current stock price of 円108.00 is trading 36.3% above its estimated GF Value™ of 円79.23. GuruFocus considers Pixela to be Significantly Overvalued.

Key valuation signals for TSE:6731:

  • Cyclically Adjusted PB Ratio: 0.01 (99% below median its 10-year median of 1.07)
  • GF Value™: 円79.23 vs. price of 円108.00 (36.3% above fair value)
  • GF Score™: 40/100 with 4 warning signs
  • Industry Position: 99.5% below the Hardware median (#1 of 1962)

No single metric tells the full story. See the TSE:6731 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pixela Business Description

Address 1-4-12 Tachimichibori Square, 5th floor, Nishi Ward, Tachimichibori, Osaka, JPN, 550-0012
Pixela Corp is engaged in the development and sales of digital equipment, software in Japan. It develops digital televisions and set-top boxes that support ISDB system; receiver modules and middleware for OEM business; digital television for PCs and image processing application software for PC use.
40GF Score

Get the complete analysis for TSE:6731

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

円108.00
Price
円79.23
GF Value