ZUKEN (TSE:6947) Cyclically Adjusted PB Ratio: 2.84 (As of Aug. 08, 2026) — 20% Above Median

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TSE:6947 ZUKEN Inc TSE:6947
89 GF Score
Price 円4,860.00
GF Value 円5,315.01
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is ZUKEN Cyclically Adjusted PB Ratio?

ZUKEN TSE:6947 -1.72% 89 Cyclically Adjusted PB Ratio is 2.84 as of Aug. 08, 2026, which is 20% above its 10-year median of 2.37. GuruFocus rates TSE:6947 with a GF Score™ of 89/100 and a GF Value™ of 円5,315.01 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,564 Software companies, ZUKEN ranks worse than 56.2% on this metric.

As of today (2026-08-08), ZUKEN's current share price is 円4860.00. ZUKEN's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円1,710.88. ZUKEN's Cyclically Adjusted PB Ratio for today is 2.84.

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

TSE:6947' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.16   Med: 2.37   Max: 3.48
Current: 2.65

During the past years, ZUKEN's highest Cyclically Adjusted PB Ratio was 3.48. The lowest was 1.16. And the median was 2.37.

TSE:6947's Cyclically Adjusted PB Ratio is ranked worse than
56.2% of 1564 companies
in the Software industry
Industry Median: 2.245 vs TSE:6947: 2.65

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.

ZUKEN's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,958.521. 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1,710.88 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ZUKEN  (TSE:6947) 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.


ZUKEN Cyclically Adjusted PB Ratio Related Terms


ZUKEN Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ZUKEN'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.

ZUKEN Cyclically Adjusted PB Ratio Chart

ZUKEN 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 2.22 2.38 2.93 2.89 2.53

ZUKEN 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 2.89 3.24 2.93 2.87 2.53

TSE:6947 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, ZUKEN'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.


ZUKEN Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:6947
89GF Score
ZUKEN Inc TSE:6947
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZUKEN 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4860.00/1710.88
=2.84

* 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.

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

For example, ZUKEN'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)
=1958.521/112.7000*112.7000
=1,958.521

Current CPI (Mar. 2026) = 112.7000.

ZUKEN Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,179.529 98.100 1,355.076
201609 1,189.828 98.000 1,368.302
201612 1,195.064 98.400 1,368.737
201703 1,208.862 98.100 1,388.774
201706 1,210.560 98.500 1,385.077
201709 1,226.688 98.800 1,399.269
201712 1,240.986 99.400 1,407.033
201803 1,295.473 99.200 1,471.772
201806 1,306.991 99.200 1,484.858
201809 1,376.005 99.900 1,552.310
201812 1,349.112 99.700 1,525.024
201903 1,402.466 99.700 1,585.335
201906 1,383.947 99.800 1,562.834
201909 1,465.368 100.100 1,649.820
201912 1,492.554 100.500 1,673.740
202003 1,487.526 100.300 1,671.428
202006 1,510.170 99.900 1,703.665
202009 1,562.564 99.900 1,762.772
202012 1,572.304 99.300 1,784.478
202103 1,656.216 99.900 1,868.424
202106 1,693.662 99.500 1,918.349
202109 1,777.160 100.100 2,000.858
202112 1,615.464 100.100 1,818.809
202203 1,644.739 101.100 1,833.453
202206 1,654.896 101.800 1,832.090
202209 1,682.776 103.100 1,839.465
202212 1,691.777 104.100 1,831.540
202303 1,758.530 104.400 1,898.337
202306 1,777.687 105.200 1,904.423
202309 1,735.864 106.200 1,842.108
202312 1,728.023 106.800 1,823.485
202403 1,818.185 107.200 1,911.469
202406 1,825.118 108.200 1,901.024
202409 1,822.371 108.900 1,885.962
202412 1,799.680 110.700 1,832.195
202503 1,843.752 111.100 1,870.305
202506 1,820.061 111.700 1,836.355
202509 1,860.760 112.000 1,872.390
202512 1,860.340 113.000 1,855.401
202603 1,958.521 112.700 1,958.521

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 2.84 mean?
ZUKEN (TSE:6947) has a Cyclically Adjusted PB Ratio of 2.84 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 ZUKEN and its competitors. This is 20% above median its historical median of 2.37. Over the past decade, ZUKEN's Cyclically Adjusted PB Ratio has ranged from 1.16 to 3.48. According to the industry distribution chart, ZUKEN ranks #879 out of 1564 companies in the Software industry, placing it in the top 56.2%.
Is ZUKEN's Cyclically Adjusted PB Ratio too high?
ZUKEN's current Cyclically Adjusted PB Ratio of 2.84 is 20% above median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 3.48. The Software industry median Cyclically Adjusted PB Ratio is 2.25. ZUKEN's value of 2.84 is 26.5% above this industry median. Based on the distribution chart, ZUKEN ranks #879 out of 1564 companies in the Software industry, which is below the industry midpoint. Overall, ZUKEN has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ZUKEN's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, ZUKEN ranks #879 out of 1564 companies for Cyclically Adjusted PB Ratio. This places ZUKEN in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.25. ZUKEN's value of 2.84 is 26.5% above this benchmark. Historically, ZUKEN's own Cyclically Adjusted PB Ratio has ranged from 1.16 to 3.48 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 2.25, ZUKEN 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 2.25, based on 1,564 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. ZUKEN's current Cyclically Adjusted PB Ratio of 2.84 is 26.5% 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 ZUKEN and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZUKEN's current Cyclically Adjusted PB Ratio is 2.84, which is 20% above median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZUKEN stock overvalued right now?
Based on GuruFocus' analysis, ZUKEN (TSE:6947) is currently considered Fairly Valued. The stock's GF Value™ is 円5,315.01, compared to a current price of 円4,860.00 — trading 8.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.84, which is 20% above median its 10-year median of 2.37 and 26.5% above the Software industry median of 2.25. ZUKEN's overall GF Score™ is 89/100 with 1 warning sign 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 ZUKEN (TSE:6947), the current Cyclically Adjusted PB Ratio is 2.84 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 ZUKEN (TSE:6947) Overvalued in 2026?

Based on GuruFocus' analysis, ZUKEN stock appears to be undervalued. The current stock price of 円4,860.00 is trading 8.6% below its estimated GF Value™ of 円5,315.01. GuruFocus considers ZUKEN to be Fairly Valued.

Key valuation signals for TSE:6947:

  • Cyclically Adjusted PB Ratio: 2.84 (20% above median its 10-year median of 2.37)
  • GF Value™: 円5,315.01 vs. price of 円4,860.00 (8.6% below fair value)
  • GF Score™: 89/100 with 1 warning sign
  • Industry Position: 26.5% above the Software median (#879 of 1564)

No single metric tells the full story. See the TSE:6947 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ZUKEN Business Description

Address 2-25-1 Eda-Higashi, Tsuzuki-ku, Yokohama, Kanagawa, JPN, 224-8585
ZUKEN Inc is a Japanese based company specializing in software and consulting services for electrical and electronic engineering. It is engaged in research and development of a variety of software solutions that support the optimization of product design and engineering operations for manufacturing industries, and marketing of the software solutions with consulting services. It has market presence in Japan, Europe, Asia, and North America. It offers various products including electronic design, automotive design, electrical and control cable design, design data management and product lifecycle management.
89GF Score

Get the complete analysis for TSE:6947

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

円4,860.00
Price
円5,315.01
GF Value