IX Knowledge (TSE:9753) Cyclically Adjusted PB Ratio: 2.06 (As of Sep. 14, 2026) — Near Median

Author: Vera Yuan Vera Yuan
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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.
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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:9753 IX Knowledge Inc TSE:9753
87 GF Score
Price 円1,428.00
GF Value 円1,236.91
Valuation Modestly Overvalued
! 1 Warning Sign
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What is IX Knowledge Cyclically Adjusted PB Ratio?

IX Knowledge TSE:9753 +3.18% 87 Cyclically Adjusted PB Ratio is 2.06 as of Sep. 14, 2026, which is 4% above its 10-year median of 1.98. GuruFocus rates TSE:9753 with a GF Score™ of 87/100 and a GF Value™ of 円1,236.91 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,464 Software companies, IX Knowledge ranks better than 54.37% on this metric.

As of today (2026-09-14), IX Knowledge's current share price is 円1428.00. IX Knowledge's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円693.24. IX Knowledge's Cyclically Adjusted PB Ratio for today is 2.06.

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

TSE:9753' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 1.98   Max: 3.07
Current: 2.06

During the past years, IX Knowledge's highest Cyclically Adjusted PB Ratio was 3.07. The lowest was 1.11. And the median was 1.98.

TSE:9753's Cyclically Adjusted PB Ratio is ranked better than
54.37% of 1464 companies
in the Software industry
Industry Median: 2.34 vs TSE:9753: 2.06

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.

IX Knowledge's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,210.037. 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693.24 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IX Knowledge  (TSE:9753) 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.


IX Knowledge Cyclically Adjusted PB Ratio Related Terms


IX Knowledge Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IX Knowledge'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.

IX Knowledge Cyclically Adjusted PB Ratio Chart

IX Knowledge 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 1.67 1.99 2.14 1.70 1.87

IX Knowledge 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 1.77 2.35 2.01 1.87 0.00

TSE:9753 vs IBM, ACN, CTSH: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, IX Knowledge'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.


IX Knowledge Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:9753
87GF Score
IX Knowledge Inc TSE:9753
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IX Knowledge 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.

IX Knowledge's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1428.00/693.24
=2.06

* 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.

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

For example, IX Knowledge'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)
=1210.037/112.7000*112.7000
=1,210.037

Current CPI (Mar. 2026) = 112.7000.

IX Knowledge Quarterly Data

Book Value per Share CPI Adj_Book
201603 348.206 97.900 400.846
201606 387.757 98.100 445.466
201609 391.943 98.000 450.734
201612 406.814 98.400 465.934
201703 389.063 98.100 446.966
201706 388.589 98.500 444.609
201709 397.756 98.800 453.716
201712 417.385 99.400 473.232
201803 427.391 99.200 485.554
201806 431.268 99.200 489.959
201809 448.255 99.900 505.689
201812 459.406 99.700 519.308
201903 466.923 99.700 527.806
201906 462.258 99.800 522.009
201909 469.376 100.100 528.458
201912 493.222 100.500 553.096
202003 496.471 100.300 557.849
202006 499.663 99.900 563.684
202009 519.623 99.900 586.201
202012 540.043 99.300 612.919
202103 557.769 99.900 629.235
202106 577.088 99.500 653.646
202109 604.814 100.100 680.944
202112 622.966 100.100 701.381
202203 636.928 101.100 710.008
202206 644.351 101.800 713.343
202209 673.005 103.100 735.671
202212 719.581 104.100 779.028
202303 776.872 104.400 838.635
202306 795.978 105.200 852.725
202309 826.447 106.200 877.030
202312 868.622 106.800 916.608
202403 921.687 107.200 968.975
202406 934.485 108.200 973.350
202409 966.470 108.900 1,000.194
202503 1,051.801 111.100 1,066.948
202506 1,076.302 111.700 1,085.938
202509 1,121.400 112.000 1,128.409
202512 1,176.586 113.000 1,173.462
202603 1,210.037 112.700 1,210.037

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 2.06 mean?
IX Knowledge (TSE:9753) has a Cyclically Adjusted PB Ratio of 2.06 as of Sep. 14, 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 IX Knowledge and its competitors. This is near median its historical median of 1.98. Over the past decade, IX Knowledge's Cyclically Adjusted PB Ratio has ranged from 1.11 to 3.07. According to the industry distribution chart, IX Knowledge ranks #668 out of 1464 companies in the Software industry, placing it in the top 45.6%.
Is IX Knowledge's Cyclically Adjusted PB Ratio too high?
IX Knowledge's current Cyclically Adjusted PB Ratio of 2.06 is near median its 10-year median of 1.98. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 3.07. The Software industry median Cyclically Adjusted PB Ratio is 2.34. IX Knowledge's value of 2.06 is 12% below this industry median. Based on the distribution chart, IX Knowledge ranks #668 out of 1464 companies in the Software industry, which is above the industry midpoint. Overall, IX Knowledge has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IX Knowledge's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, IX Knowledge ranks #668 out of 1464 companies for Cyclically Adjusted PB Ratio. This puts IX Knowledge in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.34. IX Knowledge's value of 2.06 is 12% below this benchmark. Historically, IX Knowledge's own Cyclically Adjusted PB Ratio has ranged from 1.11 to 3.07 over the past decade. While the company's 10-year median is 1.98 vs. the industry median of 2.34, IX Knowledge 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 1,464 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. IX Knowledge's current Cyclically Adjusted PB Ratio of 2.06 is 12% 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 IX Knowledge 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. IX Knowledge's current Cyclically Adjusted PB Ratio is 2.06, which is near median its own 10-year median of 1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IX Knowledge stock overvalued right now?
Based on GuruFocus' analysis, IX Knowledge (TSE:9753) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,236.91, compared to a current price of 円1,428.00 — trading 15.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.06, which is near median its 10-year median of 1.98 and 12% below the Software industry median of 2.34. IX Knowledge's overall GF Score™ is 87/100 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 IX Knowledge (TSE:9753), the current Cyclically Adjusted PB Ratio is 2.06 as of Sep. 14, 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 IX Knowledge (TSE:9753) Overvalued in 2026?

Based on GuruFocus' analysis, IX Knowledge stock appears to be overvalued. The current stock price of 円1,428.00 is trading 15.4% above its estimated GF Value™ of 円1,236.91. GuruFocus considers IX Knowledge to be Modestly Overvalued.

Key valuation signals for TSE:9753:

  • Cyclically Adjusted PB Ratio: 2.06 (near median its 10-year median of 1.98)
  • GF Value™: 円1,236.91 vs. price of 円1,428.00 (15.4% above fair value)
  • GF Score™: 87/100 with 1 warning sign
  • Industry Position: 12% below the Software median (#668 of 1464)

No single metric tells the full story. See the TSE:9753 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IX Knowledge Business Description

Address 3-22-23 Kaigan, MSC Center Building, Minato-ku, Tokyo, JPN, 108-0022
IX Knowledge Inc is engaged in consulting service, system construction, and outsourcing service. The other service offered by the company include system verification, system management, system development, total quality solutions, cloud based services, consulting, and others.
87GF Score

Get the complete analysis for TSE:9753

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

円1,428.00
Price
円1,236.91
GF Value