Creo Co (TSE:9698) Cyclically Adjusted PB Ratio: 1.56 (As of Aug. 15, 2026) — Near Median

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TSE:9698 Creo Co Ltd TSE:9698
79 GF Score
Price 円1,297.00
GF Value 円1,159.20
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Creo Co Cyclically Adjusted PB Ratio?

Creo Co TSE:9698 +1.41% 79 Cyclically Adjusted PB Ratio is 1.56 as of Aug. 15, 2026, which is at its 10-year median of 1.56. GuruFocus rates TSE:9698 with a GF Score™ of 79/100 and a GF Value™ of 円1,159.20 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,552 Software companies, Creo Co ranks better than 63.47% on this metric.

As of today (2026-08-15), Creo Co's current share price is 円1297.00. Creo Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円829.52. Creo Co's Cyclically Adjusted PB Ratio for today is 1.56.

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

TSE:9698' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 1.56   Max: 3.71
Current: 1.56

During the past years, Creo Co's highest Cyclically Adjusted PB Ratio was 3.71. The lowest was 1.24. And the median was 1.56.

TSE:9698's Cyclically Adjusted PB Ratio is ranked better than
63.47% of 1552 companies
in the Software industry
Industry Median: 2.315 vs TSE:9698: 1.56

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.

Creo Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円999.742. 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829.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Creo Co  (TSE:9698) 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.


Creo Co Cyclically Adjusted PB Ratio Related Terms


Creo Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Creo 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.

Creo Co Cyclically Adjusted PB Ratio Chart

Creo 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 1.35 1.29 1.48 1.42 1.45

Creo Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 1.37 1.45 1.52 1.45 0.00

TSE:9698 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Creo 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.


Creo Co Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:9698
79GF Score
Creo Co Ltd TSE:9698
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Creo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1297.00/829.52
=1.56

* 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.

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

For example, Creo 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)
=999.742/112.7000*112.7000
=999.742

Current CPI (Mar. 2026) = 112.7000.

Creo Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 577.172 98.100 663.071
201603 591.608 97.900 681.044
201606 563.056 98.100 646.854
201609 581.436 98.000 668.651
201612 608.259 98.400 696.654
201703 610.866 98.100 701.780
201706 584.337 98.500 668.576
201709 602.121 98.800 686.832
201712 612.001 99.400 693.888
201803 636.265 99.200 722.853
201806 620.964 99.200 705.470
201809 636.867 99.900 718.468
201812 661.446 99.700 747.693
201903 701.289 99.700 792.731
201906 682.853 99.800 771.118
201909 713.218 100.100 802.994
201912 725.873 100.500 813.989
202003 750.061 100.300 842.790
202006 715.856 99.900 807.577
202009 747.374 99.900 843.134
202012 764.232 99.300 867.361
202103 811.141 99.900 915.071
202106 780.479 99.500 884.020
202109 803.078 100.100 904.165
202112 808.942 100.100 910.767
202203 854.525 101.100 952.571
202206 814.843 101.800 902.090
202209 835.704 103.100 913.519
202212 848.420 104.100 918.510
202303 868.722 104.400 937.787
202306 842.039 105.200 902.070
202309 864.065 106.200 916.950
202312 887.799 106.800 936.844
202403 917.484 107.200 964.556
202409 885.861 108.900 916.773
202503 947.654 111.100 961.302
202506 901.641 111.700 909.713
202509 932.834 112.000 938.664
202512 954.792 113.000 952.257
202603 999.742 112.700 999.742

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 1.56 mean?
Creo Co (TSE:9698) has a Cyclically Adjusted PB Ratio of 1.56 as of Aug. 15, 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 Creo Co and its competitors. This is near median its historical median of 1.56. Over the past decade, Creo Co's Cyclically Adjusted PB Ratio has ranged from 1.24 to 3.71. According to the industry distribution chart, Creo Co ranks #567 out of 1552 companies in the Software industry, placing it in the top 36.5%.
Is Creo Co's Cyclically Adjusted PB Ratio too high?
Creo Co's current Cyclically Adjusted PB Ratio of 1.56 is near median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 3.71. The Software industry median Cyclically Adjusted PB Ratio is 2.32. Creo Co's value of 1.56 is 32.6% below this industry median. Based on the distribution chart, Creo Co ranks #567 out of 1552 companies in the Software industry, which is above the industry midpoint. Overall, Creo Co has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Creo Co's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Creo Co ranks #567 out of 1552 companies for Cyclically Adjusted PB Ratio. This puts Creo Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.32. Creo Co's value of 1.56 is 32.6% below this benchmark. Historically, Creo Co's own Cyclically Adjusted PB Ratio has ranged from 1.24 to 3.71 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 2.32, Creo 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 2.32, based on 1,552 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. Creo Co's current Cyclically Adjusted PB Ratio of 1.56 is 32.6% 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 Creo Co and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Creo Co's current Cyclically Adjusted PB Ratio is 1.56, which is near median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Creo Co stock overvalued right now?
Based on GuruFocus' analysis, Creo Co (TSE:9698) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,159.20, compared to a current price of 円1,297.00 — trading 11.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.56, which is near median its 10-year median of 1.56 and 32.6% below the Software industry median of 2.32. Creo Co's overall GF Score™ is 79/100 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 Creo Co (TSE:9698), the current Cyclically Adjusted PB Ratio is 1.56 as of Aug. 15, 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 Creo Co (TSE:9698) Overvalued in 2026?

Based on GuruFocus' analysis, Creo Co stock appears to be overvalued. The current stock price of 円1,297.00 is trading 11.9% above its estimated GF Value™ of 円1,159.20. GuruFocus considers Creo Co to be Modestly Overvalued.

Key valuation signals for TSE:9698:

  • Cyclically Adjusted PB Ratio: 1.56 (near median its 10-year median of 1.56)
  • GF Value™: 円1,159.20 vs. price of 円1,297.00 (11.9% above fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 32.6% below the Software median (#567 of 1552)

No single metric tells the full story. See the TSE:9698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Creo Co Business Description

Address Higashishinagawa 4-chome, 10-27, Sumitomo Real Estate Shinagawa Building, 11th to 13th floors, Shinagawa-ku, Tokyo, JPN, 140-0002
Creo Co Ltd is a Japanese company engaged in the development of software solutions. It develops information processing systems and provides related services. The services offered by the company are contract development, core system support, development and construction of the website, mission-critical business system development and others.
79GF Score

Get the complete analysis for TSE:9698

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

円1,297.00
Price
円1,159.20
GF Value