Isb (TSE:9702) Cyclically Adjusted PB Ratio: 2.79 (As of Aug. 16, 2026) — 45% Above Median

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Director of Data and Quant Analytics at GuruFocus
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TSE:9702 Isb Corp TSE:9702
76 GF Score
Price 円2,568.00
GF Value 円1,719.19
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Isb Cyclically Adjusted PB Ratio?

Isb TSE:9702 +4.26% 76 Cyclically Adjusted PB Ratio is 2.79 as of Aug. 16, 2026, which is 45% above its 10-year median of 1.92. GuruFocus rates TSE:9702 with a GF Score™ of 76/100 and a GF Value™ of 円1,719.19 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,548 Software companies, Isb ranks worse than 55.36% on this metric.

As of today (2026-08-16), Isb's current share price is 円2568.00. Isb's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was 円919.30. Isb's Cyclically Adjusted PB Ratio for today is 2.79.

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

TSE:9702' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.14   Med: 1.92   Max: 2.79
Current: 2.79

During the past years, Isb's highest Cyclically Adjusted PB Ratio was 2.79. The lowest was 1.14. And the median was 1.92.

TSE:9702's Cyclically Adjusted PB Ratio is ranked worse than
55.36% of 1548 companies
in the Software industry
Industry Median: 2.34 vs TSE:9702: 2.79

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.

Isb's adjusted book value per share data for the three months ended in Jun. 2026 was 円1,298.484. 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919.30 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Isb  (TSE:9702) 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.


Isb Cyclically Adjusted PB Ratio Related Terms


Isb Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Isb'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.

Isb Cyclically Adjusted PB Ratio Chart

Isb Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.69 1.69 2.01 1.69 1.97

Isb Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 1.61 2.15 1.97 2.22 2.49

TSE:9702 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Isb'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.


Isb Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:9702
76GF Score
Isb Corp TSE:9702
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Isb 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.

Isb's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2568.00/919.30
=2.79

* 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.

Isb's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1298.484/113.6000*113.6000
=1,298.484

Current CPI (Jun. 2026) = 113.6000.

Isb Quarterly Data

Book Value per Share CPI Adj_Book
201609 537.359 98.000 622.898
201612 544.073 98.400 628.117
201703 548.051 98.100 634.644
201706 552.209 98.500 636.862
201709 554.095 98.800 637.097
201712 568.467 99.400 649.677
201803 581.337 99.200 665.725
201806 589.653 99.200 675.248
201809 594.389 99.900 675.902
201812 605.742 99.700 690.193
201903 621.088 99.700 707.679
201906 622.724 99.800 708.832
201909 637.118 100.100 723.043
201912 654.934 100.500 740.304
202003 663.818 100.300 751.842
202006 683.791 99.900 777.564
202009 739.200 99.900 840.572
202012 772.108 99.300 883.298
202103 789.218 99.900 897.449
202106 800.545 99.500 913.989
202109 811.775 100.100 921.255
202112 841.135 100.100 954.575
202203 852.472 101.100 957.872
202206 876.608 101.800 978.219
202209 909.027 103.100 1,001.605
202212 937.994 104.100 1,023.594
202303 949.829 104.400 1,033.530
202306 972.257 105.200 1,049.890
202309 1,016.603 106.200 1,087.440
202312 1,035.346 106.800 1,101.267
202403 1,070.271 107.200 1,134.168
202406 1,103.734 108.200 1,158.819
202409 1,131.748 108.900 1,180.593
202412 1,180.554 110.700 1,211.481
202503 1,187.986 111.100 1,214.718
202506 1,195.499 111.700 1,215.834
202509 1,215.214 112.000 1,232.574
202512 1,266.771 113.000 1,273.497
202603 1,271.308 112.700 1,281.460
202606 1,298.484 113.600 1,298.484

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 2.79 mean?
Isb (TSE:9702) has a Cyclically Adjusted PB Ratio of 2.79 as of Aug. 16, 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 Isb and its competitors. This is 45% above median its historical median of 1.92. Over the past decade, Isb's Cyclically Adjusted PB Ratio has ranged from 1.14 to 2.79. According to the industry distribution chart, Isb ranks #857 out of 1548 companies in the Software industry, placing it in the top 55.4%.
Is Isb's Cyclically Adjusted PB Ratio too high?
Isb's current Cyclically Adjusted PB Ratio of 2.79 is 45% above median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 2.79. The Software industry median Cyclically Adjusted PB Ratio is 2.34. Isb's value of 2.79 is 19.2% above this industry median. Based on the distribution chart, Isb ranks #857 out of 1548 companies in the Software industry, which is below the industry midpoint. Overall, Isb has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Isb's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Isb ranks #857 out of 1548 companies for Cyclically Adjusted PB Ratio. This places Isb in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.34. Isb's value of 2.79 is 19.2% above this benchmark. Historically, Isb's own Cyclically Adjusted PB Ratio has ranged from 1.14 to 2.79 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 2.34, Isb has consistently been above 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. Isb's current Cyclically Adjusted PB Ratio of 2.79 is 19.2% above 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 Isb 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. Isb's current Cyclically Adjusted PB Ratio is 2.79, which is 45% above median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Isb stock overvalued right now?
Based on GuruFocus' analysis, Isb (TSE:9702) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,719.19, compared to a current price of 円2,568.00 — trading 49.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.79, which is 45% above median its 10-year median of 1.92 and 19.2% above the Software industry median of 2.34. Isb's overall GF Score™ is 76/100 with 6 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 Isb (TSE:9702), the current Cyclically Adjusted PB Ratio is 2.79 as of Aug. 16, 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 Isb (TSE:9702) Overvalued in 2026?

Based on GuruFocus' analysis, Isb stock appears to be overvalued. The current stock price of 円2,568.00 is trading 49.4% above its estimated GF Value™ of 円1,719.19. GuruFocus considers Isb to be Significantly Overvalued.

Key valuation signals for TSE:9702:

  • Cyclically Adjusted PB Ratio: 2.79 (45% above median its 10-year median of 1.92)
  • GF Value™: 円1,719.19 vs. price of 円2,568.00 (49.4% above fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 19.2% above the Software median (#857 of 1548)

No single metric tells the full story. See the TSE:9702 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Isb Business Description

Address SumitomoseimeiGotanda building, 8th floor, 5-1-11, Ohsaki, Shinagawa-ku, Tokyo, JPN, 141-0032
Isb Corp develops software for mobile phones, embedded software for medical, consumer electronics and automobile use, mobile infrastructure devices, software for government, public and autonomous community use, mission-critical systems and software for bank, security and private company use, and provides Internet protocol (IP) solutions and others. It is also engaged in the sale of equipment related to software development, and provision of information processing service.
76GF Score

Get the complete analysis for TSE:9702

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

円2,568.00
Price
円1,719.19
GF Value