Aval Data (TSE:6918) Cyclically Adjusted PB Ratio: 1.20 (As of Aug. 09, 2026) — 24% 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:6918 Aval Data Corp TSE:6918
74 GF Score
Price 円3,225.00
GF Value 円2,569.48
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Aval Data Cyclically Adjusted PB Ratio?

Aval Data TSE:6918 -2.71% 74 Cyclically Adjusted PB Ratio is 1.20 as of Aug. 09, 2026, which is 24% below its 10-year median of 1.57. GuruFocus rates TSE:6918 with a GF Score™ of 74/100 and a GF Value™ of 円2,569.48 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,967 Hardware companies, Aval Data ranks better than 65.94% on this metric.

As of today (2026-08-09), Aval Data's current share price is 円3225.00. Aval Data's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,693.31. Aval Data's Cyclically Adjusted PB Ratio for today is 1.20.

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

TSE:6918' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.57   Max: 3.18
Current: 1.2

During the past years, Aval Data's highest Cyclically Adjusted PB Ratio was 3.18. The lowest was 0.73. And the median was 1.57.

TSE:6918's Cyclically Adjusted PB Ratio is ranked better than
65.94% of 1967 companies
in the Hardware industry
Industry Median: 2.09 vs TSE:6918: 1.20

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.

Aval Data's adjusted book value per share data for the three months ended in Mar. 2026 was 円3,493.351. 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2,693.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aval Data  (TSE:6918) 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.


Aval Data Cyclically Adjusted PB Ratio Related Terms


Aval Data Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aval Data'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.

Aval Data Cyclically Adjusted PB Ratio Chart

Aval Data 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 1.76 2.15 2.78 0.91 0.96

Aval Data 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 0.91 0.89 0.91 1.08 0.96

TSE:6918 vs DELL, ANET, SNDK: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, Aval Data'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.


Aval Data Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TSE:6918
74GF Score
Aval Data Corp TSE:6918
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aval Data 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.

Aval Data's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3225.00/2693.31
=1.20

* 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.

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

For example, Aval Data'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)
=3493.351/112.7000*112.7000
=3,493.351

Current CPI (Mar. 2026) = 112.7000.

Aval Data Quarterly Data

Book Value per Share CPI Adj_Book
201603 1,366.468 97.900 1,573.043
201606 1,354.849 98.100 1,556.488
201609 1,407.276 98.000 1,618.367
201612 1,428.438 98.400 1,636.026
201703 1,470.534 98.100 1,689.390
201706 1,446.348 98.500 1,654.857
201709 1,447.704 98.800 1,651.379
201712 1,527.492 99.400 1,731.875
201803 1,582.890 99.200 1,798.303
201806 1,554.847 99.200 1,766.444
201809 1,620.386 99.900 1,828.003
201812 1,653.918 99.700 1,869.574
201903 1,767.856 99.700 1,998.369
201906 1,803.361 99.800 2,036.461
201909 1,861.908 100.100 2,096.274
201912 2,057.349 100.500 2,307.097
202003 1,958.566 100.300 2,200.702
202006 2,243.830 99.900 2,531.328
202009 2,212.085 99.900 2,495.515
202012 2,388.569 99.300 2,710.894
202103 2,599.275 99.900 2,932.315
202106 2,922.202 99.500 3,309.871
202109 3,152.928 100.100 3,549.800
202112 3,606.037 100.100 4,059.944
202203 2,992.991 101.100 3,336.400
202206 2,801.723 101.800 3,101.711
202209 2,810.097 103.100 3,071.755
202212 3,239.597 104.100 3,507.229
202303 3,391.521 104.400 3,661.153
202306 3,260.412 105.200 3,492.856
202309 3,353.095 106.200 3,558.322
202312 3,524.681 106.800 3,719.397
202403 3,699.283 107.200 3,889.078
202406 3,406.365 108.200 3,548.035
202409 3,320.883 108.900 3,436.763
202503 3,255.299 111.100 3,302.180
202506 3,294.403 111.700 3,323.896
202509 3,348.738 112.000 3,369.668
202512 3,327.231 113.000 3,318.398
202603 3,493.351 112.700 3,493.351

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 1.20 mean?
Aval Data (TSE:6918) has a Cyclically Adjusted PB Ratio of 1.20 as of Aug. 09, 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 Aval Data and its competitors. This is 24% below median its historical median of 1.57. Over the past decade, Aval Data's Cyclically Adjusted PB Ratio has ranged from 0.73 to 3.18. According to the industry distribution chart, Aval Data ranks #670 out of 1967 companies in the Hardware industry, placing it in the top 34.1%.
Is Aval Data's Cyclically Adjusted PB Ratio too high?
Aval Data's current Cyclically Adjusted PB Ratio of 1.20 is 24% below median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 3.18. The Hardware industry median Cyclically Adjusted PB Ratio is 2.09. Aval Data's value of 1.20 is 42.6% below this industry median. Based on the distribution chart, Aval Data ranks #670 out of 1967 companies in the Hardware industry, which is above the industry midpoint. Overall, Aval Data has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aval Data's Cyclically Adjusted PB Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, Aval Data ranks #670 out of 1967 companies for Cyclically Adjusted PB Ratio. This puts Aval Data in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.09. Aval Data's value of 1.20 is 42.6% below this benchmark. Historically, Aval Data's own Cyclically Adjusted PB Ratio has ranged from 0.73 to 3.18 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 2.09, Aval Data 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 1,967 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. Aval Data's current Cyclically Adjusted PB Ratio of 1.20 is 42.6% 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 Aval Data 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. Aval Data's current Cyclically Adjusted PB Ratio is 1.20, which is 24% below median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aval Data stock overvalued right now?
Based on GuruFocus' analysis, Aval Data (TSE:6918) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,569.48, compared to a current price of 円3,225.00 — trading 25.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.20, which is 24% below median its 10-year median of 1.57 and 42.6% below the Hardware industry median of 2.09. Aval Data's overall GF Score™ is 74/100 with 8 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 Aval Data (TSE:6918), the current Cyclically Adjusted PB Ratio is 1.20 as of Aug. 09, 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 Aval Data (TSE:6918) Overvalued in 2026?

Based on GuruFocus' analysis, Aval Data stock appears to be overvalued. The current stock price of 円3,225.00 is trading 25.5% above its estimated GF Value™ of 円2,569.48. GuruFocus considers Aval Data to be Modestly Overvalued.

Key valuation signals for TSE:6918:

  • Cyclically Adjusted PB Ratio: 1.20 (24% below median its 10-year median of 1.57)
  • GF Value™: 円2,569.48 vs. price of 円3,225.00 (25.5% above fair value)
  • GF Score™: 74/100 with 8 warning signs
  • Industry Position: 42.6% below the Hardware median (#670 of 1967)

No single metric tells the full story. See the TSE:6918 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aval Data Business Description

Address Asahi-cho 1-chome 25-10, Machida-shi, Tokyo, JPN, 194-0023
Aval Data Corporation is engaged in the manufacturing and selling of industrial electronic equipment, consisting of related products and contracted products. The company's product offerings include embedded modules, image processing modules, and measurement and communication equipment.
74GF Score

Get the complete analysis for TSE:6918

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

円3,225.00
Price
円2,569.48
GF Value