Computer Engineeringnsulting (TSE:9692) Cyclically Adjusted PB Ratio: 2.07 (As of Aug. 04, 2026) — Near Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:9692 Computer Engineering & Consulting Ltd TSE:9692
91 GF Score
Price 円2,219.00
GF Value 円2,534.00
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Computer Engineeringnsulting Cyclically Adjusted PB Ratio?

Computer Engineeringnsulting TSE:9692 -1.77% 91 Cyclically Adjusted PB Ratio is 2.07 as of Aug. 04, 2026, which is 1% above its 10-year median of 2.05. GuruFocus rates TSE:9692 with a GF Score™ of 91/100 and a GF Value™ of 円2,534.00 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,573 Software companies, Computer Engineeringnsulting ranks better than 52.57% on this metric.

As of today (2026-08-04), Computer Engineeringnsulting's current share price is 円2219.00. Computer Engineeringnsulting's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2026 was 円1,070.88. Computer Engineeringnsulting's Cyclically Adjusted PB Ratio for today is 2.07.

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

TSE:9692' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.33   Med: 2.05   Max: 3.9
Current: 2.08

During the past years, Computer Engineeringnsulting's highest Cyclically Adjusted PB Ratio was 3.90. The lowest was 1.33. And the median was 2.05.

TSE:9692's Cyclically Adjusted PB Ratio is ranked better than
52.57% of 1573 companies
in the Software industry
Industry Median: 2.24 vs TSE:9692: 2.08

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.

Computer Engineeringnsulting's adjusted book value per share data for the three months ended in Jan. 2026 was 円1,364.947. 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1,070.88 for the trailing ten years ended in Jan. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Computer Engineeringnsulting  (TSE:9692) 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.


Computer Engineeringnsulting Cyclically Adjusted PB Ratio Related Terms


Computer Engineeringnsulting Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Computer Engineeringnsulting'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.

Computer Engineeringnsulting Cyclically Adjusted PB Ratio Chart

Computer Engineeringnsulting Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.42 1.81 1.82 1.91 2.06

Computer Engineeringnsulting Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 2.10 2.17 2.05 2.06 0.00

TSE:9692 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Computer Engineeringnsulting'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.


Computer Engineeringnsulting Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:9692
91GF Score
Computer Engineering & Consulting Ltd TSE:9692
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Computer Engineeringnsulting 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.

Computer Engineeringnsulting's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2219.00/1070.88
=2.07

* 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.

Computer Engineeringnsulting's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2026 is calculated as:

For example, Computer Engineeringnsulting's adjusted Book Value per Share data for the three months ended in Jan. 2026 was:

Adj_Book=Book Value per Share/CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=1364.947/112.9000*112.9000
=1,364.947

Current CPI (Jan. 2026) = 112.9000.

Computer Engineeringnsulting Quarterly Data

Book Value per Share CPI Adj_Book
201604 632.136 98.100 727.504
201607 652.976 97.900 753.023
201610 656.439 98.600 751.643
201701 698.028 98.200 802.519
201704 702.500 98.500 805.201
201707 723.892 98.300 831.408
201710 738.452 98.800 843.838
201801 766.874 99.500 870.152
201804 773.467 99.100 881.175
201807 805.790 99.200 917.073
201810 808.359 100.200 910.816
201901 818.336 99.700 926.681
201904 854.148 100.000 964.333
201907 862.904 99.800 976.171
201910 870.150 100.400 978.485
202001 896.880 100.500 1,007.540
202004 895.949 100.200 1,009.507
202007 942.851 100.000 1,064.479
202010 939.634 99.800 1,062.973
202101 982.454 99.800 1,111.413
202104 995.938 99.100 1,134.626
202107 1,016.330 99.700 1,150.889
202110 1,006.057 99.900 1,136.975
202201 1,021.254 100.300 1,149.547
202204 1,017.120 101.500 1,131.358
202207 1,091.216 102.300 1,204.284
202210 1,084.528 103.700 1,180.745
202301 1,113.584 104.700 1,200.799
202304 1,130.827 105.100 1,214.751
202307 1,171.977 105.700 1,251.809
202310 1,169.891 107.100 1,233.246
202401 1,213.232 106.900 1,281.327
202404 1,231.245 107.700 1,290.692
202407 1,251.222 108.600 1,300.764
202410 1,243.733 109.500 1,282.351
202501 1,259.477 111.200 1,278.732
202504 1,244.935 111.500 1,260.566
202507 1,277.283 111.900 1,288.698
202510 1,301.089 112.800 1,302.242
202601 1,364.947 112.900 1,364.947

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 2.07 mean?
Computer Engineeringnsulting (TSE:9692) has a Cyclically Adjusted PB Ratio of 2.07 as of Aug. 04, 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 Computer Engineeringnsulting and its competitors. This is near median its historical median of 2.05. Over the past decade, Computer Engineeringnsulting's Cyclically Adjusted PB Ratio has ranged from 1.33 to 3.90. According to the industry distribution chart, Computer Engineeringnsulting ranks #746 out of 1573 companies in the Software industry, placing it in the top 47.4%.
Is Computer Engineeringnsulting's Cyclically Adjusted PB Ratio too high?
Computer Engineeringnsulting's current Cyclically Adjusted PB Ratio of 2.07 is near median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 3.90. The Software industry median Cyclically Adjusted PB Ratio is 2.24. Computer Engineeringnsulting's value of 2.07 is 7.6% below this industry median. Based on the distribution chart, Computer Engineeringnsulting ranks #746 out of 1573 companies in the Software industry, which is above the industry midpoint. Overall, Computer Engineeringnsulting has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Computer Engineeringnsulting's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Computer Engineeringnsulting ranks #746 out of 1573 companies for Cyclically Adjusted PB Ratio. This puts Computer Engineeringnsulting in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.24. Computer Engineeringnsulting's value of 2.07 is 7.6% below this benchmark. Historically, Computer Engineeringnsulting's own Cyclically Adjusted PB Ratio has ranged from 1.33 to 3.90 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 2.24, Computer Engineeringnsulting 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 2.24, based on 1,573 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. Computer Engineeringnsulting's current Cyclically Adjusted PB Ratio of 2.07 is 7.6% 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 Computer Engineeringnsulting and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Computer Engineeringnsulting's current Cyclically Adjusted PB Ratio is 2.07, which is near median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Computer Engineeringnsulting stock overvalued right now?
Based on GuruFocus' analysis, Computer Engineeringnsulting (TSE:9692) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,534.00, compared to a current price of 円2,219.00 — trading 12.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.07, which is near median its 10-year median of 2.05 and 7.6% below the Software industry median of 2.24. Computer Engineeringnsulting's overall GF Score™ is 91/100 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 Computer Engineeringnsulting (TSE:9692), the current Cyclically Adjusted PB Ratio is 2.07 as of Aug. 04, 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 Computer Engineeringnsulting (TSE:9692) Overvalued in 2026?

Based on GuruFocus' analysis, Computer Engineeringnsulting stock appears to be undervalued. The current stock price of 円2,219.00 is trading 12.4% below its estimated GF Value™ of 円2,534.00. GuruFocus considers Computer Engineeringnsulting to be Modestly Undervalued.

Key valuation signals for TSE:9692:

  • Cyclically Adjusted PB Ratio: 2.07 (near median its 10-year median of 2.05)
  • GF Value™: 円2,534.00 vs. price of 円2,219.00 (12.4% below fair value)
  • GF Score™: 91/100 with 1 warning sign
  • Industry Position: 7.6% below the Software median (#746 of 1573)

No single metric tells the full story. See the TSE:9692 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Computer Engineeringnsulting Business Description

Address 1-5-5 Ebisu Minami, Japan JR Ebisu Building, Shibuya-ku, Tokyo, JPN, 150-0022
Computer Engineering & Consulting Ltd. is a Japan-based company engaged in software development, information technology (IT) management, and verification services. The company's business segment includes: Integration Segment - offers a one-stop service for all aspects of ICT, from planning information systems to infrastructure design, construction, and operation, focusing on traditional system development. Connected Segment- provide system development in the mobility and smart factory sectors, as well as services that analyze and utilize digital data. Solution Segment - Leveraging security technology and data centers, providing products and services to diverse sectors.
91GF Score

Get the complete analysis for TSE:9692

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

円2,219.00
Price
円2,534.00
GF Value