Smartvalue Co (TSE:9417) Cyclically Adjusted PB Ratio: 1.28 (As of Aug. 17, 2026) — 12% Below Median

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TSE:9417 Smartvalue Co Ltd TSE:9417
32 GF Score
Price 円349.00
GF Value 円568.43
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Smartvalue Co Cyclically Adjusted PB Ratio?

Smartvalue Co TSE:9417 -4.64% 32 Cyclically Adjusted PB Ratio is 1.28 as of Aug. 17, 2026, which is 12% below its 10-year median of 1.45. GuruFocus rates TSE:9417 with a GF Score™ of 32/100 and a GF Value™ of 円568.43 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,548 Software companies, Smartvalue Co ranks better than 68.02% on this metric.

As of today (2026-08-17), Smartvalue Co's current share price is 円349.00. Smartvalue Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円272.68. Smartvalue Co's Cyclically Adjusted PB Ratio for today is 1.28.

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

TSE:9417' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07   Med: 1.45   Max: 1.75
Current: 1.28

During the past years, Smartvalue Co's highest Cyclically Adjusted PB Ratio was 1.75. The lowest was 1.07. And the median was 1.45.

TSE:9417's Cyclically Adjusted PB Ratio is ranked better than
68.02% of 1548 companies
in the Software industry
Industry Median: 2.34 vs TSE:9417: 1.28

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.

Smartvalue Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円166.596. 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272.68 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Smartvalue Co  (TSE:9417) 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.


Smartvalue Co Cyclically Adjusted PB Ratio Related Terms


Smartvalue Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Smartvalue Co'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.

Smartvalue Co Cyclically Adjusted PB Ratio Chart

Smartvalue Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.53

Smartvalue Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 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 1.40 1.53 1.71 1.47 0.00

TSE:9417 vs MSFT, ORCL, PLTR: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Smartvalue Co'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.


Smartvalue Co Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:9417
32GF Score
Smartvalue Co Ltd TSE:9417
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Smartvalue Co 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.

Smartvalue Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=349.00/272.68
=1.28

* 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.

Smartvalue Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Smartvalue Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=166.596/113.0000*113.0000
=166.596

Current CPI (Dec. 2025) = 113.0000.

Smartvalue Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 190.278 98.100 219.179
201603 202.779 97.900 234.055
201606 200.278 98.100 230.697
201609 195.100 98.000 224.962
201612 199.552 98.400 229.160
201703 211.862 98.100 244.041
201706 205.555 98.500 235.814
201709 214.291 98.800 245.090
201712 222.986 99.400 253.495
201803 240.849 99.200 274.354
201806 353.152 99.200 402.280
201809 349.663 99.900 395.515
201812 353.660 99.700 400.838
201903 371.991 99.700 421.615
201906 364.798 99.800 413.048
201909 356.599 100.100 402.554
201912 351.673 100.500 395.413
202003 447.690 100.300 504.377
202006 359.692 99.900 406.859
202009 338.929 99.900 383.373
202012 324.970 99.300 369.805
202103 335.775 99.900 379.806
202106 211.011 99.500 239.641
202109 193.560 100.100 218.504
202112 192.151 100.100 216.914
202203 214.539 101.100 239.791
202206 212.625 101.800 236.018
202209 192.212 103.100 210.669
202212 190.444 104.100 206.726
202303 214.976 104.400 232.685
202306 204.165 105.200 219.303
202309 180.011 106.200 191.537
202312 169.177 106.800 178.998
202403 167.916 107.200 177.001
202406 162.590 108.200 169.803
202412 138.584 110.700 141.463
202503 125.431 111.100 127.576
202506 244.744 111.700 247.592
202509 218.209 112.000 220.157
202512 166.596 113.000 166.596

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 1.28 mean?
Smartvalue Co (TSE:9417) has a Cyclically Adjusted PB Ratio of 1.28 as of Aug. 17, 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 Smartvalue Co and its competitors. This is 12% below median its historical median of 1.45. Over the past decade, Smartvalue Co's Cyclically Adjusted PB Ratio has ranged from 1.07 to 1.75. According to the industry distribution chart, Smartvalue Co ranks #495 out of 1548 companies in the Software industry, placing it in the top 32%.
Is Smartvalue Co's Cyclically Adjusted PB Ratio too high?
Smartvalue Co's current Cyclically Adjusted PB Ratio of 1.28 is 12% below median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 1.75. The Software industry median Cyclically Adjusted PB Ratio is 2.34. Smartvalue Co's value of 1.28 is 45.3% below this industry median. Based on the distribution chart, Smartvalue Co ranks #495 out of 1548 companies in the Software industry, which is above the industry midpoint. Overall, Smartvalue Co has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Smartvalue Co's Cyclically Adjusted PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Smartvalue Co ranks #495 out of 1548 companies for Cyclically Adjusted PB Ratio. This puts Smartvalue Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.34. Smartvalue Co's value of 1.28 is 45.3% below this benchmark. Historically, Smartvalue Co's own Cyclically Adjusted PB Ratio has ranged from 1.07 to 1.75 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 2.34, Smartvalue Co 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 2.34, based on 1,548 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. Smartvalue Co's current Cyclically Adjusted PB Ratio of 1.28 is 45.3% 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 Smartvalue Co and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smartvalue Co's current Cyclically Adjusted PB Ratio is 1.28, which is 12% below median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartvalue Co stock overvalued right now?
Based on GuruFocus' analysis, Smartvalue Co (TSE:9417) is currently considered Possible Value Trap. The stock's GF Value™ is 円568.43, compared to a current price of 円349.00 — trading 38.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.28, which is 12% below median its 10-year median of 1.45 and 45.3% below the Software industry median of 2.34. Smartvalue Co's overall GF Score™ is 32/100 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 Smartvalue Co (TSE:9417), the current Cyclically Adjusted PB Ratio is 1.28 as of Aug. 17, 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 Smartvalue Co (TSE:9417) Overvalued in 2026?

Based on GuruFocus' analysis, Smartvalue Co stock appears to be undervalued. The current stock price of 円349.00 is trading 38.6% below its estimated GF Value™ of 円568.43. GuruFocus considers Smartvalue Co to be Possible Value Trap.

Key valuation signals for TSE:9417:

  • Cyclically Adjusted PB Ratio: 1.28 (12% below median its 10-year median of 1.45)
  • GF Value™: 円568.43 vs. price of 円349.00 (38.6% below fair value)
  • GF Score™: 32/100 with 5 warning signs
  • Industry Position: 45.3% below the Software median (#495 of 1548)

No single metric tells the full story. See the TSE:9417 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Smartvalue Co Business Description

Address 3-6-1 Doshomachi, 7th Floor, Keihanshin Midosuji Building, Chuo Ward, Osaka, JPN, 541-0045
Smartvalue Co Ltd provides cloud solutions in Japan. The group has three reportable segments: Digital Government, Mobility Services, and Smart Venue. The Digital Government segment offers Gabakura, a cloud suite that supports local governments in digitalizing administration and promoting open governance. The Mobility Services segment provides connected car solutions and platforms such as CIEMS Series and Kuruma Base. The Smart Venue segment focuses on creating new venue concepts in partnership with government initiatives, including the GLION ARENA KOBE project.
32GF Score

Get the complete analysis for TSE:9417

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

円349.00
Price
円568.43
GF Value