KSK Co (TSE:9687) Cyclically Adjusted PB Ratio: 1.92 (As of Aug. 24, 2026) — 36% Above Median

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TSE:9687 KSK Co Ltd TSE:9687
92 GF Score
Price 円4,410.00
GF Value 円3,879.93
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is KSK Co Cyclically Adjusted PB Ratio?

KSK Co TSE:9687 +0.46% 92 Cyclically Adjusted PB Ratio is 1.92 as of Aug. 24, 2026, which is 36% above its 10-year median of 1.41. GuruFocus rates TSE:9687 with a GF Score™ of 92/100 and a GF Value™ of 円3,879.93 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,515 Software companies, KSK Co ranks better than 56.77% on this metric.

As of today (2026-08-24), KSK Co's current share price is 円4410.00. KSK Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,295.72. KSK Co's Cyclically Adjusted PB Ratio for today is 1.92.

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

TSE:9687' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07   Med: 1.41   Max: 2.54
Current: 1.91

During the past years, KSK Co's highest Cyclically Adjusted PB Ratio was 2.54. The lowest was 1.07. And the median was 1.41.

TSE:9687's Cyclically Adjusted PB Ratio is ranked better than
56.77% of 1515 companies
in the Software industry
Industry Median: 2.31 vs TSE:9687: 1.91

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.

KSK Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円3,069.108. 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2,295.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KSK Co  (TSE:9687) 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.


KSK Co Cyclically Adjusted PB Ratio Related Terms


KSK Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KSK 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.

KSK Co Cyclically Adjusted PB Ratio Chart

KSK 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 1.36 1.28 1.97 1.47 1.87

KSK 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 1.79 1.96 2.30 1.87 0.00

TSE:9687 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, KSK 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.


KSK Co Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:9687
92GF Score
KSK Co Ltd TSE:9687
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KSK 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4410.00/2295.72
=1.92

* 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.

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

For example, KSK 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)
=3069.108/112.7000*112.7000
=3,069.108

Current CPI (Mar. 2026) = 112.7000.

KSK Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 1,433.908 97.900 1,650.679
201606 1,419.900 98.100 1,631.220
201609 1,440.348 98.000 1,656.400
201612 1,472.871 98.400 1,686.916
201703 1,580.752 98.100 1,816.012
201706 1,564.684 98.500 1,790.253
201709 1,602.948 98.800 1,828.464
201712 1,649.826 99.400 1,870.577
201803 1,710.003 99.200 1,942.715
201806 1,685.326 99.200 1,914.680
201809 1,721.100 99.900 1,941.621
201812 1,757.948 99.700 1,987.169
201903 1,822.540 99.700 2,060.183
201906 1,745.164 99.800 1,970.741
201909 1,790.580 100.100 2,015.968
201912 1,858.873 100.500 2,084.527
202003 1,903.945 100.300 2,139.328
202006 1,899.118 99.900 2,142.448
202009 1,964.795 99.900 2,216.541
202012 2,034.032 99.300 2,308.514
202103 2,100.888 99.900 2,370.071
202106 2,079.102 99.500 2,354.923
202109 2,136.752 100.100 2,405.714
202112 2,214.010 100.100 2,492.697
202203 2,283.224 101.100 2,545.196
202206 2,262.276 101.800 2,504.504
202209 2,329.144 103.100 2,546.019
202212 2,396.011 104.100 2,593.952
202303 2,475.473 104.400 2,672.278
202306 2,451.532 105.200 2,626.309
202309 2,528.378 106.200 2,683.128
202312 2,618.912 106.800 2,763.590
202403 2,696.001 107.200 2,834.322
202406 2,499.582 108.200 2,603.539
202409 2,561.535 108.900 2,650.918
202503 2,762.519 111.100 2,802.303
202506 2,754.255 111.700 2,778.913
202509 2,904.338 112.000 2,922.490
202512 2,961.735 113.000 2,953.872
202603 3,069.108 112.700 3,069.108

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 1.92 mean?
KSK Co (TSE:9687) has a Cyclically Adjusted PB Ratio of 1.92 as of Aug. 24, 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 KSK Co and its competitors. This is 36% above median its historical median of 1.41. Over the past decade, KSK Co's Cyclically Adjusted PB Ratio has ranged from 1.07 to 2.54. According to the industry distribution chart, KSK Co ranks #655 out of 1515 companies in the Software industry, placing it in the top 43.2%.
Is KSK Co's Cyclically Adjusted PB Ratio too high?
KSK Co's current Cyclically Adjusted PB Ratio of 1.92 is 36% above median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 2.54. The Software industry median Cyclically Adjusted PB Ratio is 2.31. KSK Co's value of 1.92 is 16.9% below this industry median. Based on the distribution chart, KSK Co ranks #655 out of 1515 companies in the Software industry, which is above the industry midpoint. Overall, KSK Co has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KSK Co's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, KSK Co ranks #655 out of 1515 companies for Cyclically Adjusted PB Ratio. This puts KSK Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. KSK Co's value of 1.92 is 16.9% below this benchmark. Historically, KSK Co's own Cyclically Adjusted PB Ratio has ranged from 1.07 to 2.54 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 2.31, KSK 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 2.31, based on 1,515 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. KSK Co's current Cyclically Adjusted PB Ratio of 1.92 is 16.9% 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 KSK Co and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KSK Co's current Cyclically Adjusted PB Ratio is 1.92, which is 36% above median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KSK Co stock overvalued right now?
Based on GuruFocus' analysis, KSK Co (TSE:9687) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,879.93, compared to a current price of 円4,410.00 — trading 13.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.92, which is 36% above median its 10-year median of 1.41 and 16.9% below the Software industry median of 2.31. KSK Co's overall GF Score™ is 92/100 with 1 warning sign 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 KSK Co (TSE:9687), the current Cyclically Adjusted PB Ratio is 1.92 as of Aug. 24, 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 KSK Co (TSE:9687) Overvalued in 2026?

Based on GuruFocus' analysis, KSK Co stock appears to be overvalued. The current stock price of 円4,410.00 is trading 13.7% above its estimated GF Value™ of 円3,879.93. GuruFocus considers KSK Co to be Modestly Overvalued.

Key valuation signals for TSE:9687:

  • Cyclically Adjusted PB Ratio: 1.92 (36% above median its 10-year median of 1.41)
  • GF Value™: 円3,879.93 vs. price of 円4,410.00 (13.7% above fair value)
  • GF Score™: 92/100 with 1 warning sign
  • Industry Position: 16.9% below the Software median (#655 of 1515)

No single metric tells the full story. See the TSE:9687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KSK Co Business Description

Address 1625-2, Momura, Inagi-shi, Tokyo, JPN
KSK Co Ltd is a total solutions partner of IT. It provides software development, and customer and data entry services. Its businesses include analog LSI development, middleware/firmware design, web system development, CAD system development, network system integration, computer system integration, data entry business.
92GF Score

Get the complete analysis for TSE:9687

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

円4,410.00
Price
円3,879.93
GF Value