Beat Holdings (TSE:9399) Cyclically Adjusted PB Ratio: (As of Aug. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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
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:9399 Beat Holdings Ltd TSE:9399
31 GF Score
Price 円17.00
GF Value 円1.97
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Beat Holdings Cyclically Adjusted PB Ratio?

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 0.00 0.00

TSE:9399 vs QH, 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
31GF Score
Beat Holdings Ltd TSE:9399
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 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.

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17.00 is trading 762.9% above its estimated GF Value™ of 円1.97. GuruFocus considers Beat Holdings to be Significantly Overvalued.

Key valuation signals for TSE:9399:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円1.97 vs. price of 円17.00 (762.9% above fair value)
  • GF Score™: 31/100 with 6 warning signs

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.
31GF 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17.00
Price
円1.97
GF Value