Kycom Holdings Co (TSE:9685) Cyclically Adjusted PB Ratio: 0.89 (As of Aug. 20, 2026) — 19% Below Median

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TSE:9685 Kycom Holdings Co Ltd TSE:9685
76 GF Score
Price 円568.00
GF Value 円711.31
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Kycom Holdings Co Cyclically Adjusted PB Ratio?

Kycom Holdings Co TSE:9685 -0.35% 76 Cyclically Adjusted PB Ratio is 0.89 as of Aug. 20, 2026, which is 19% below its 10-year median of 1.10. GuruFocus rates TSE:9685 with a GF Score™ of 76/100 and a GF Value™ of 円711.31 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,542 Software companies, Kycom Holdings Co ranks better than 76.72% on this metric.

As of today (2026-08-20), Kycom Holdings Co's current share price is 円568.00. Kycom Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円638.53. Kycom Holdings Co's Cyclically Adjusted PB Ratio for today is 0.89.

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

TSE:9685' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.1   Max: 2.82
Current: 0.89

During the past years, Kycom Holdings Co's highest Cyclically Adjusted PB Ratio was 2.82. The lowest was 0.83. And the median was 1.10.

TSE:9685's Cyclically Adjusted PB Ratio is ranked better than
76.72% of 1542 companies
in the Software industry
Industry Median: 2.34 vs TSE:9685: 0.89

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.

Kycom Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,046.673. 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638.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kycom Holdings Co  (TSE:9685) 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.


Kycom Holdings Co Cyclically Adjusted PB Ratio Related Terms


Kycom Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kycom Holdings 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.

Kycom Holdings Co Cyclically Adjusted PB Ratio Chart

Kycom Holdings Co 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 1.00 1.03 1.21 1.26 0.98

Kycom Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.09 1.10 1.08 0.98 0.00

TSE:9685 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Kycom Holdings 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.


Kycom Holdings Co Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:9685
76GF Score
Kycom Holdings Co Ltd TSE:9685
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kycom Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=568.00/638.53
=0.89

* 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.

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

For example, Kycom Holdings Co'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)
=1046.673/112.7000*112.7000
=1,046.673

Current CPI (Mar. 2026) = 112.7000.

Kycom Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 388.799 97.900 447.576
201606 383.803 98.100 440.924
201609 391.536 98.000 450.266
201612 403.718 98.400 462.388
201703 398.479 98.100 457.784
201706 398.617 98.500 456.083
201709 403.326 98.800 460.069
201712 410.894 99.400 465.873
201803 412.056 99.200 468.132
201806 417.850 99.200 474.715
201809 430.552 99.900 485.718
201812 444.377 99.700 502.320
201903 449.857 99.700 508.514
201906 452.726 99.800 511.245
201909 473.393 100.100 532.981
201912 482.536 100.500 541.113
202003 448.533 100.300 503.985
202006 460.236 99.900 519.205
202009 477.582 99.900 538.774
202012 497.173 99.300 564.264
202103 534.402 99.900 602.874
202106 548.239 99.500 620.970
202109 561.092 100.100 631.719
202112 582.735 100.100 656.086
202203 609.192 101.100 679.089
202206 620.311 101.800 686.729
202209 636.717 103.100 696.004
202212 662.362 104.100 717.082
202303 690.523 104.400 745.421
202306 714.245 105.200 765.166
202309 737.661 106.200 782.810
202312 758.414 106.800 800.311
202403 806.707 107.200 848.096
202406 819.563 108.200 853.648
202409 834.759 108.900 863.887
202503 883.841 111.100 896.570
202506 897.180 111.700 905.212
202509 946.633 112.000 952.549
202512 1,001.186 113.000 998.528
202603 1,046.673 112.700 1,046.673

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 0.89 mean?
Kycom Holdings Co (TSE:9685) has a Cyclically Adjusted PB Ratio of 0.89 as of Aug. 20, 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 Kycom Holdings Co and its competitors. This is 19% below median its historical median of 1.10. Over the past decade, Kycom Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.83 to 2.82. According to the industry distribution chart, Kycom Holdings Co ranks #359 out of 1542 companies in the Software industry, placing it in the top 23.3%.
Is Kycom Holdings Co's Cyclically Adjusted PB Ratio too high?
Kycom Holdings Co's current Cyclically Adjusted PB Ratio of 0.89 is 19% below median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 2.82. The Software industry median Cyclically Adjusted PB Ratio is 2.34. Kycom Holdings Co's value of 0.89 is 62% below this industry median. Based on the distribution chart, Kycom Holdings Co ranks #359 out of 1542 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Kycom Holdings Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kycom Holdings Co's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Kycom Holdings Co ranks #359 out of 1542 companies for Cyclically Adjusted PB Ratio. This places Kycom Holdings Co in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.34. Kycom Holdings Co's value of 0.89 is 62% below this benchmark. Historically, Kycom Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.83 to 2.82 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 2.34, Kycom Holdings 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 1,542 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. Kycom Holdings Co's current Cyclically Adjusted PB Ratio of 0.89 is 62% 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 Kycom Holdings 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. Kycom Holdings Co's current Cyclically Adjusted PB Ratio is 0.89, which is 19% below median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kycom Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Kycom Holdings Co (TSE:9685) is currently considered Modestly Undervalued. The stock's GF Value™ is 円711.31, compared to a current price of 円568.00 — trading 20.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.89, which is 19% below median its 10-year median of 1.10 and 62% below the Software industry median of 2.34. Kycom Holdings Co's overall GF Score™ is 76/100 with 2 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 Kycom Holdings Co (TSE:9685), the current Cyclically Adjusted PB Ratio is 0.89 as of Aug. 20, 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 Kycom Holdings Co (TSE:9685) Overvalued in 2026?

Based on GuruFocus' analysis, Kycom Holdings Co stock appears to be undervalued. The current stock price of 円568.00 is trading 20.1% below its estimated GF Value™ of 円711.31. GuruFocus considers Kycom Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:9685:

  • Cyclically Adjusted PB Ratio: 0.89 (19% below median its 10-year median of 1.10)
  • GF Value™: 円711.31 vs. price of 円568.00 (20.1% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 62% below the Software median (#359 of 1542)

No single metric tells the full story. See the TSE:9685 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kycom Holdings Co Business Description

Address 5-4-4, Tsukimi, Fukui Prefecture, Fukui, JPN, 918-8011
Kycom Holdings Co Ltd is a holding company based in Japan. It is engaged in planning, designing, developing, testing, and maintaining services to information systems.
76GF Score

Get the complete analysis for TSE:9685

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

円568.00
Price
円711.31
GF Value