NEC Capital Solutions (TSE:8793) Cyclically Adjusted PB Ratio: 0.83 (As of Aug. 23, 2026) — 36% Above Median

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TSE:8793 NEC Capital Solutions Ltd TSE:8793
72 GF Score
Price 円4,210.00
GF Value 円4,662.08
Valuation Modestly Undervalued
! 4 Warning Signs
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What is NEC Capital Solutions Cyclically Adjusted PB Ratio?

NEC Capital Solutions TSE:8793 +1.20% 72 Cyclically Adjusted PB Ratio is 0.83 as of Aug. 23, 2026, which is 36% above its 10-year median of 0.61. GuruFocus rates TSE:8793 with a GF Score™ of 72/100 and a GF Value™ of 円4,662.08 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 717 Business Services companies, NEC Capital Solutions ranks better than 73.22% on this metric.

As of today (2026-08-23), NEC Capital Solutions's current share price is 円4210.00. NEC Capital Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円5,070.68. NEC Capital Solutions's Cyclically Adjusted PB Ratio for today is 0.83.

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

TSE:8793' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.61   Max: 0.95
Current: 0.83

During the past years, NEC Capital Solutions's highest Cyclically Adjusted PB Ratio was 0.95. The lowest was 0.42. And the median was 0.61.

TSE:8793's Cyclically Adjusted PB Ratio is ranked better than
73.22% of 717 companies
in the Business Services industry
Industry Median: 1.53 vs TSE:8793: 0.83

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.

NEC Capital Solutions's adjusted book value per share data for the three months ended in Mar. 2026 was 円6,048.503. 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5,070.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NEC Capital Solutions  (TSE:8793) 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.


NEC Capital Solutions Cyclically Adjusted PB Ratio Related Terms


NEC Capital Solutions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NEC Capital Solutions'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.

NEC Capital Solutions Cyclically Adjusted PB Ratio Chart

NEC Capital Solutions 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 0.53 0.60 0.86 0.78 0.80

NEC Capital Solutions Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.78 0.79 0.80 0.80 0.00

TSE:8793 vs URI, SUNB, AER: Cyclically Adjusted PB Ratio Comparison

For the Rental & Leasing Services subindustry, NEC Capital Solutions'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.


NEC Capital Solutions Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, NEC Capital Solutions's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:8793
72GF Score
NEC Capital Solutions Ltd TSE:8793
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NEC Capital Solutions 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.

NEC Capital Solutions's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4210.00/5070.68
=0.83

* 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.

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

For example, NEC Capital Solutions'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)
=6048.503/112.7000*112.7000
=6,048.503

Current CPI (Mar. 2026) = 112.7000.

NEC Capital Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201606 3,623.322 98.100 4,162.573
201609 3,656.899 98.000 4,205.434
201612 3,615.985 98.400 4,141.479
201703 3,675.800 98.100 4,222.861
201706 3,822.691 98.500 4,373.779
201709 3,872.150 98.800 4,416.916
201712 3,891.655 99.400 4,412.369
201803 3,927.135 99.200 4,461.574
201806 3,974.411 99.200 4,515.283
201809 4,022.895 99.900 4,538.341
201812 4,069.382 99.700 4,599.993
201903 4,131.612 99.700 4,670.338
201906 4,212.093 99.800 4,756.542
201909 4,353.504 100.100 4,901.498
201912 4,379.464 100.500 4,911.100
202003 4,306.135 100.300 4,838.499
202006 4,300.005 99.900 4,850.957
202009 4,321.089 99.900 4,874.742
202012 4,324.757 99.300 4,908.360
202103 4,438.211 99.900 5,006.871
202106 4,506.440 99.500 5,104.279
202109 4,626.784 100.100 5,209.176
202112 4,696.489 100.100 5,287.655
202203 4,794.092 101.100 5,344.156
202206 4,956.893 101.800 5,487.641
202209 5,071.488 103.100 5,543.712
202212 5,093.971 104.100 5,514.799
202303 5,085.605 104.400 5,489.920
202306 5,118.816 105.200 5,483.751
202309 5,212.398 106.200 5,531.424
202312 5,182.633 106.800 5,468.940
202403 5,374.507 107.200 5,650.251
202406 5,497.469 108.200 5,726.107
202409 5,466.667 108.900 5,657.423
202412 5,554.039 110.700 5,654.383
202503 5,617.549 111.100 5,698.450
202506 5,560.167 111.700 5,609.945
202509 5,712.323 112.000 5,748.025
202512 5,814.435 113.000 5,798.998
202603 6,048.503 112.700 6,048.503

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 0.83 mean?
NEC Capital Solutions (TSE:8793) has a Cyclically Adjusted PB Ratio of 0.83 as of Aug. 23, 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 NEC Capital Solutions and its competitors. This is 36% above median its historical median of 0.61. Over the past decade, NEC Capital Solutions' Cyclically Adjusted PB Ratio has ranged from 0.42 to 0.95. According to the industry distribution chart, NEC Capital Solutions ranks #192 out of 717 companies in the Business Services industry, placing it in the top 26.8%.
Is NEC Capital Solutions' Cyclically Adjusted PB Ratio too high?
NEC Capital Solutions' current Cyclically Adjusted PB Ratio of 0.83 is 36% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 0.95. The Business Services industry median Cyclically Adjusted PB Ratio is 1.53. NEC Capital Solutions' value of 0.83 is 45.8% below this industry median. Based on the distribution chart, NEC Capital Solutions ranks #192 out of 717 companies in the Business Services industry, which is above the industry midpoint. Overall, NEC Capital Solutions has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NEC Capital Solutions' Cyclically Adjusted PB Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, NEC Capital Solutions ranks #192 out of 717 companies for Cyclically Adjusted PB Ratio. This puts NEC Capital Solutions in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. NEC Capital Solutions' value of 0.83 is 45.8% below this benchmark. Historically, NEC Capital Solutions' own Cyclically Adjusted PB Ratio has ranged from 0.42 to 0.95 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 1.53, NEC Capital Solutions 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.53, based on 717 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. NEC Capital Solutions's current Cyclically Adjusted PB Ratio of 0.83 is 45.8% 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 NEC Capital Solutions and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEC Capital Solutions's current Cyclically Adjusted PB Ratio is 0.83, which is 36% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEC Capital Solutions stock overvalued right now?
Based on GuruFocus' analysis, NEC Capital Solutions (TSE:8793) is currently considered Modestly Undervalued. The stock's GF Value™ is 円4,662.08, compared to a current price of 円4,210.00 — trading 9.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.83, which is 36% above median its 10-year median of 0.61 and 45.8% below the Business Services industry median of 1.53. NEC Capital Solutions' overall GF Score™ is 72/100 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 NEC Capital Solutions (TSE:8793), the current Cyclically Adjusted PB Ratio is 0.83 as of Aug. 23, 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 NEC Capital Solutions (TSE:8793) Overvalued in 2026?

Based on GuruFocus' analysis, NEC Capital Solutions stock appears to be undervalued. The current stock price of 円4,210.00 is trading 9.7% below its estimated GF Value™ of 円4,662.08. GuruFocus considers NEC Capital Solutions to be Modestly Undervalued.

Key valuation signals for TSE:8793:

  • Cyclically Adjusted PB Ratio: 0.83 (36% above median its 10-year median of 0.61)
  • GF Value™: 円4,662.08 vs. price of 円4,210.00 (9.7% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 45.8% below the Business Services median (#192 of 717)

No single metric tells the full story. See the TSE:8793 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NEC Capital Solutions Business Description

Address 2-15-3 Konan, Minato-ku, Shinagawa Intercity Building C, Tokyo, JPN, 108-6219
NEC Capital Solutions Ltd is a Japan-based company engaged in the provision of financial services. It operates through four segments. The company's Leasing and installment segment are involved in the purchase and sale of processing equipment, communications equipment, office equipment, and industrial machinery. Its Finance segment consists of factoring and loans and other business. The RISA segment provides investment advice, fund business, and others. Its other business comprises of the sale of secondhand products, as well as the collection of transaction fees.
72GF Score

Get the complete analysis for TSE:8793

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

円4,210.00
Price
円4,662.08
GF Value