TDSE (TSE:7046) Cyclically Adjusted PB Ratio: 1.61 (As of Aug. 10, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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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:7046 TDSE Inc TSE:7046
88 GF Score
Price 円1,300.00
GF Value 円1,892.76
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is TDSE Cyclically Adjusted PB Ratio?

TDSE TSE:7046 88 Cyclically Adjusted PB Ratio is 1.61 as of Aug. 10, 2026, which is at its 10-year median of 1.61. GuruFocus rates TSE:7046 with a GF Score™ of 88/100 and a GF Value™ of 円1,892.76 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,558 Software companies, TDSE ranks better than 62.26% on this metric.

As of today (2026-08-10), TDSE's current share price is 円1300.00. TDSE's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was 円809.39. TDSE's Cyclically Adjusted PB Ratio for today is 1.61.

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

TSE:7046' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.54   Med: 1.61   Max: 1.67
Current: 1.61

During the past 10 years, TDSE's highest Cyclically Adjusted PB Ratio was 1.67. The lowest was 1.54. And the median was 1.61.

TSE:7046's Cyclically Adjusted PB Ratio is ranked better than
62.26% of 1558 companies
in the Software industry
Industry Median: 2.31 vs TSE:7046: 1.61

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.

TDSE's adjusted book value per share data of for the fiscal year that ended in Mar26 was 円1,134.916. 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809.39 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


TDSE  (TSE:7046) 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.


TDSE Cyclically Adjusted PB Ratio Related Terms


TDSE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TDSE'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.

TDSE Cyclically Adjusted PB Ratio Chart

TDSE 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 0.00 0.00 0.00 0.00 1.57

TDSE 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 0.00 0.00 0.00 0.00 1.57

TSE:7046 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, TDSE'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.


TDSE Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:7046
88GF Score
TDSE Inc TSE:7046
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TDSE 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1300.00/809.39
=1.61

* 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.

TDSE's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, TDSE's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=1134.916/112.7000*112.7000
=1,134.916

Current CPI (Mar26) = 112.7000.

TDSE Annual Data

Book Value per Share CPI Adj_Book
201703 219.790 98.100 252.501
201803 305.555 99.200 347.138
201903 658.681 99.700 744.567
202003 634.498 100.300 712.940
202103 775.837 99.900 875.244
202203 830.480 101.100 925.768
202303 903.921 104.400 975.784
202403 999.500 107.200 1,050.780
202503 1,058.985 111.100 1,074.236
202603 1,134.916 112.700 1,134.916

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 1.61 mean?
TDSE (TSE:7046) has a Cyclically Adjusted PB Ratio of 1.61 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 TDSE and its competitors. This is near median its historical median of 1.61. Over the past decade, TDSE's Cyclically Adjusted PB Ratio has ranged from 1.54 to 1.67. According to the industry distribution chart, TDSE ranks #588 out of 1558 companies in the Software industry, placing it in the top 37.7%.
Is TDSE's Cyclically Adjusted PB Ratio too high?
TDSE's current Cyclically Adjusted PB Ratio of 1.61 is near median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 1.67. The Software industry median Cyclically Adjusted PB Ratio is 2.31. TDSE's value of 1.61 is 30.3% below this industry median. Based on the distribution chart, TDSE ranks #588 out of 1558 companies in the Software industry, which is above the industry midpoint. Overall, TDSE has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TDSE's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, TDSE ranks #588 out of 1558 companies for Cyclically Adjusted PB Ratio. This puts TDSE in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. TDSE's value of 1.61 is 30.3% below this benchmark. Historically, TDSE's own Cyclically Adjusted PB Ratio has ranged from 1.54 to 1.67 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 2.31, TDSE 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 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. TDSE's current Cyclically Adjusted PB Ratio of 1.61 is 30.3% 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 TDSE 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. TDSE's current Cyclically Adjusted PB Ratio is 1.61, which is near median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TDSE stock overvalued right now?
Based on GuruFocus' analysis, TDSE (TSE:7046) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,892.76, compared to a current price of 円1,300.00 — trading 31.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.61, which is near median its 10-year median of 1.61 and 30.3% below the Software industry median of 2.31. TDSE's overall GF Score™ is 88/100 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 TDSE (TSE:7046), the current Cyclically Adjusted PB Ratio is 1.61 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 TDSE (TSE:7046) Overvalued in 2026?

Based on GuruFocus' analysis, TDSE stock appears to be undervalued. The current stock price of 円1,300.00 is trading 31.3% below its estimated GF Value™ of 円1,892.76. GuruFocus considers TDSE to be Significantly Undervalued.

Key valuation signals for TSE:7046:

  • Cyclically Adjusted PB Ratio: 1.61 (near median its 10-year median of 1.61)
  • GF Value™: 円1,892.76 vs. price of 円1,300.00 (31.3% below fair value)
  • GF Score™: 88/100 with 1 warning sign
  • Industry Position: 30.3% below the Software median (#588 of 1558)

No single metric tells the full story. See the TSE:7046 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TDSE Business Description

Address 3-20-2 Nishi-Shinjuku, 27th Floor, Tokyo Opera City Tower, Shinjuku-ku, Tokyo, JPN, 163-1427
TDSE Inc is engaged in providing solutions utilizing big data and artificial intelligence (AI), and offers a range of AI products, including AI modules.
88GF Score

Get the complete analysis for TSE:7046

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

円1,300.00
Price
円1,892.76
GF Value