Beat Holdings (TSE:9399) Cyclically Adjusted PB Ratio: 0.05 (As of Sep. 06, 2026) — 79% Below Median

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TSE:9399 Beat Holdings Ltd TSE:9399
30 GF Score
Price 円15.00
GF Value 円4.87
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Beat Holdings Cyclically Adjusted PB Ratio?

Beat Holdings TSE:9399 +7.14% 30 Cyclically Adjusted PB Ratio is 0.05 as of Sep. 06, 2026, which is 79% below its 10-year median of 0.24. GuruFocus rates TSE:9399 with a GF Score™ of 30/100 and a GF Value™ of 円4.87 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,466 Software companies, Beat Holdings ranks better than 97.89% on this metric.

As of today (2026-09-06), Beat Holdings's current share price is 円15.00. Beat Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円286.86. Beat Holdings's Cyclically Adjusted PB Ratio for today is 0.05.

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

TSE:9399' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.24   Max: 0.96
Current: 0.05

During the past years, Beat Holdings's highest Cyclically Adjusted PB Ratio was 0.96. The lowest was 0.03. And the median was 0.24.

TSE:9399's Cyclically Adjusted PB Ratio is ranked better than
97.89% of 1466 companies
in the Software industry
Industry Median: 2.375 vs TSE:9399: 0.05

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.

Beat Holdings's adjusted book value per share data for the three months ended in Jun. 2026 was 円0.807. 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286.86 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beat Holdings  (TSE:9399) 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.


Beat Holdings Cyclically Adjusted PB Ratio Related Terms


Beat Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Beat Holdings'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.

Beat Holdings Cyclically Adjusted PB Ratio Chart

Beat Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.28 0.17 0.26 0.22

Beat Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.29 0.30 0.22 0.10 0.04

TSE:9399 vs CRM, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Beat Holdings'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.


Beat Holdings Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:9399
30GF Score
Beat Holdings Ltd TSE:9399
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beat Holdings 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.

Beat Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.00/286.86
=0.05

* 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.

Beat Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Beat Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.807/121.3631*121.3631
=0.807

Current CPI (Jun. 2026) = 121.3631.

Beat Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,175.148 101.686 1,402.555
201609 926.829 102.565 1,096.698
201612 990.451 103.225 1,164.492
201703 867.257 103.335 1,018.565
201706 827.362 103.664 968.619
201709 1,218.909 103.994 1,422.490
201712 1,077.411 104.984 1,245.509
201803 236.675 105.973 271.047
201806 634.522 106.193 725.168
201809 231.144 106.852 262.534
201812 293.948 107.622 331.480
201903 259.046 108.172 290.637
201906 233.055 109.601 258.067
201909 196.224 110.260 215.983
201912 173.937 110.700 190.692
202003 185.626 110.920 203.103
202006 208.394 110.590 228.695
202009 222.463 107.512 251.124
202012 85.253 109.711 94.308
202103 20.128 111.579 21.893
202106 72.325 111.360 78.822
202109 24.604 109.051 27.382
202112 -64.564 112.349 -69.744
202203 -70.509 113.558 -75.355
202206 -90.159 113.448 -96.449
202209 -108.653 113.778 -115.897
202212 32.365 114.548 34.291
202303 10.568 115.427 11.111
202306 0.335 115.647 0.352
202309 -8.301 116.087 -8.678
202312 -11.307 117.296 -11.699
202403 -15.547 117.735 -16.026
202406 -5.534 117.296 -5.726
202412 13.080 118.945 13.346
202503 10.921 119.384 11.102
202506 11.399 119.055 11.620
202509 11.333 119.934 11.468
202512 6.839 120.704 6.876
202603 3.191 121.473 3.188
202606 0.807 121.363 0.807

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 0.05 mean?
Beat Holdings (TSE:9399) has a Cyclically Adjusted PB Ratio of 0.05 as of Sep. 06, 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 Beat Holdings and its competitors. This is 79% below median its historical median of 0.24. Over the past decade, Beat Holdings' Cyclically Adjusted PB Ratio has ranged from 0.03 to 0.96. According to the industry distribution chart, Beat Holdings ranks #31 out of 1466 companies in the Software industry, placing it in the top 2.1%.
Is Beat Holdings' Cyclically Adjusted PB Ratio too high?
Beat Holdings' current Cyclically Adjusted PB Ratio of 0.05 is 79% below median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.96. The Software industry median Cyclically Adjusted PB Ratio is 2.38. Beat Holdings' value of 0.05 is 97.9% below this industry median. Based on the distribution chart, Beat Holdings ranks #31 out of 1466 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Beat Holdings has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Beat Holdings' Cyclically Adjusted PB Ratio compare to CRM and SHOP?
According to the Software industry distribution chart, Beat Holdings ranks #31 out of 1466 companies for Cyclically Adjusted PB Ratio. This places Beat Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.38. Beat Holdings' value of 0.05 is 97.9% below this benchmark. Historically, Beat Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.03 to 0.96 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 2.38, Beat Holdings 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 2.38, based on 1,466 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. Beat Holdings's current Cyclically Adjusted PB Ratio of 0.05 is 97.9% 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 Beat Holdings and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beat Holdings's current Cyclically Adjusted PB Ratio is 0.05, which is 79% below median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beat Holdings stock overvalued right now?
Based on GuruFocus' analysis, Beat Holdings (TSE:9399) is currently considered Significantly Overvalued. The stock's GF Value™ is 円4.87, compared to a current price of 円15.00 — trading 208% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.05, which is 79% below median its 10-year median of 0.24 and 97.9% below the Software industry median of 2.38. Beat Holdings' overall GF Score™ is 30/100 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 Beat Holdings (TSE:9399), the current Cyclically Adjusted PB Ratio is 0.05 as of Sep. 06, 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 Beat Holdings (TSE:9399) Overvalued in 2026?

Based on GuruFocus' analysis, Beat Holdings stock appears to be overvalued. The current stock price of 円15.00 is trading 208% above its estimated GF Value™ of 円4.87. GuruFocus considers Beat Holdings to be Significantly Overvalued.

Key valuation signals for TSE:9399:

  • Cyclically Adjusted PB Ratio: 0.05 (79% below median its 10-year median of 0.24)
  • GF Value™: 円4.87 vs. price of 円15.00 (208% above fair value)
  • GF Score™: 30/100 with 5 warning signs
  • Industry Position: 97.9% below the Software median (#31 of 1466)

No single metric tells the full story. See the TSE:9399 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beat Holdings Business Description

Address 199 Des Voeux Road Central, Suite 2103, Infinitus Plaza, Hong Kong, HKG, 200020
Beat Holdings Ltd is mainly engaged in the business of providing application-to-person (A2P) messaging service and software products and services. Its reportable segments are: the Messaging Business, which provides cloud-based A2P messaging services and software products and services; the Licensing Business, which provides licensing services for intellectual property rights and other rights related to application software owned by the group; and other businesses. The majority of its revenue is generated from the Messaging business. Geographically, the group generates maximum revenue from Asia, and the rest from Europe and other regions.
30GF Score

Get the complete analysis for TSE:9399

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

円15.00
Price
円4.87
GF Value