And Factory (TSE:7035) Cyclically Adjusted PB Ratio: 2.76 (As of Aug. 10, 2026) — 14% 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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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:7035 And Factory Inc TSE:7035
63 GF Score
Price 円255.00
GF Value 円197.14
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is And Factory Cyclically Adjusted PB Ratio?

And Factory TSE:7035 +1.19% 63 Cyclically Adjusted PB Ratio is 2.76 as of Aug. 10, 2026, which is 14% above its 10-year median of 2.43. GuruFocus rates TSE:7035 with a GF Score™ of 63/100 and a GF Value™ of 円197.14 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,558 Software companies, And Factory ranks worse than 55.39% on this metric.

As of today (2026-08-10), And Factory's current share price is 円255.00. And Factory's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug25 was 円92.50. And Factory's Cyclically Adjusted PB Ratio for today is 2.76.

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

TSE:7035' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.22   Med: 2.43   Max: 2.8
Current: 2.72

During the past 10 years, And Factory's highest Cyclically Adjusted PB Ratio was 2.80. The lowest was 2.22. And the median was 2.43.

TSE:7035's Cyclically Adjusted PB Ratio is ranked worse than
55.39% of 1558 companies
in the Software industry
Industry Median: 2.31 vs TSE:7035: 2.72

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.

And Factory's adjusted book value per share data of for the fiscal year that ended in Aug25 was 円79.152. 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92.50 for the trailing ten years ended in Aug25.

Shiller PE for Stocks: The True Measure of Stock Valuation


And Factory  (TSE:7035) 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.


And Factory Cyclically Adjusted PB Ratio Related Terms


And Factory Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for And Factory'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.

And Factory Cyclically Adjusted PB Ratio Chart

And Factory Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.84

And Factory Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.00 2.84 0.00 0.00 0.00

TSE:7035 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, And Factory'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.


And Factory Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:7035
63GF Score
And Factory Inc TSE:7035
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

And Factory 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.

And Factory's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=255.00/92.50
=2.76

* 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.

And Factory's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug25 is calculated as:

For example, And Factory's adjusted Book Value per Share data for the fiscal year that ended in Aug25 was:

Adj_Book=Book Value per Share/CPI of Aug25 (Change)*Current CPI (Aug25)
=79.152/112.1000*112.1000
=79.152

Current CPI (Aug25) = 112.1000.

And Factory Annual Data

Book Value per Share CPI Adj_Book
201608 4.068 97.900 4.658
201708 22.859 98.500 26.015
201808 53.801 99.800 60.432
201908 189.396 100.000 212.313
202008 147.521 100.100 165.206
202108 90.393 99.700 101.635
202208 54.907 102.700 59.933
202308 99.509 105.900 105.335
202408 107.406 109.100 110.359
202508 79.152 112.100 79.152

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 2.76 mean?
And Factory (TSE:7035) has a Cyclically Adjusted PB Ratio of 2.76 as of Aug. 10, 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 And Factory and its competitors. This is 14% above median its historical median of 2.43. Over the past decade, And Factory's Cyclically Adjusted PB Ratio has ranged from 2.22 to 2.80. According to the industry distribution chart, And Factory ranks #863 out of 1558 companies in the Software industry, placing it in the top 55.4%.
Is And Factory's Cyclically Adjusted PB Ratio too high?
And Factory's current Cyclically Adjusted PB Ratio of 2.76 is 14% above median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 2.80. The Software industry median Cyclically Adjusted PB Ratio is 2.31. And Factory's value of 2.76 is 19.5% above this industry median. Based on the distribution chart, And Factory ranks #863 out of 1558 companies in the Software industry, which is below the industry midpoint. Overall, And Factory has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does And Factory's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, And Factory ranks #863 out of 1558 companies for Cyclically Adjusted PB Ratio. This places And Factory in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. And Factory's value of 2.76 is 19.5% above this benchmark. Historically, And Factory's own Cyclically Adjusted PB Ratio has ranged from 2.22 to 2.80 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 2.31, And Factory 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 2.31, based on 1,558 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. And Factory's current Cyclically Adjusted PB Ratio of 2.76 is 19.5% 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 And Factory 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. And Factory's current Cyclically Adjusted PB Ratio is 2.76, which is 14% above median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is And Factory stock overvalued right now?
Based on GuruFocus' analysis, And Factory (TSE:7035) is currently considered Modestly Overvalued. The stock's GF Value™ is 円197.14, compared to a current price of 円255.00 — trading 29.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.76, which is 14% above median its 10-year median of 2.43 and 19.5% above the Software industry median of 2.31. And Factory's overall GF Score™ is 63/100 with 5 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 And Factory (TSE:7035), the current Cyclically Adjusted PB Ratio is 2.76 as of Aug. 10, 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 And Factory (TSE:7035) Overvalued in 2026?

Based on GuruFocus' analysis, And Factory stock appears to be overvalued. The current stock price of 円255.00 is trading 29.3% above its estimated GF Value™ of 円197.14. GuruFocus considers And Factory to be Modestly Overvalued.

Key valuation signals for TSE:7035:

  • Cyclically Adjusted PB Ratio: 2.76 (14% above median its 10-year median of 2.43)
  • GF Value™: 円197.14 vs. price of 円255.00 (29.3% above fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 19.5% above the Software median (#863 of 1558)

No single metric tells the full story. See the TSE:7035 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


And Factory Business Description

Address 3-6-28 Aobadai, Meguro-ku, Sumitomo Realty Aobadai Tower 1st & 2nd Floor, Tokyo, JPN, 153-0042
And Factory Inc is a Japan-based software company. Its business activities are divided into two divisions including smartphone app and Internet of Things (IoT) business division. The company is engaged in developing various applications that connect users and services. It mainly develops tool-based applications, game strategy bulletin board applications, and manga applications.
63GF Score

Get the complete analysis for TSE:7035

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

円255.00
Price
円197.14
GF Value