Fukui Computer Holdings (TSE:9790) Cyclically Adjusted PB Ratio: 3.45 (As of Aug. 25, 2026) — 37% Below 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:9790 Fukui Computer Holdings Inc TSE:9790
83 GF Score
Price 円3,105.00
GF Value 円3,290.10
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Fukui Computer Holdings Cyclically Adjusted PB Ratio?

Fukui Computer Holdings TSE:9790 -0.96% 83 Cyclically Adjusted PB Ratio is 3.45 as of Aug. 25, 2026, which is 37% below its 10-year median of 5.50. GuruFocus rates TSE:9790 with a GF Score™ of 83/100 and a GF Value™ of 円3,290.10 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,515 Software companies, Fukui Computer Holdings ranks worse than 64.22% on this metric.

As of today (2026-08-25), Fukui Computer Holdings's current share price is 円3105.00. Fukui Computer Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円899.61. Fukui Computer Holdings's Cyclically Adjusted PB Ratio for today is 3.45.

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

TSE:9790' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.15   Med: 5.5   Max: 12.11
Current: 3.51

During the past years, Fukui Computer Holdings's highest Cyclically Adjusted PB Ratio was 12.11. The lowest was 3.15. And the median was 5.50.

TSE:9790's Cyclically Adjusted PB Ratio is ranked worse than
64.22% of 1515 companies
in the Software industry
Industry Median: 2.31 vs TSE:9790: 3.51

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.

Fukui Computer Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円1,454.800. 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899.61 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fukui Computer Holdings  (TSE:9790) 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.


Fukui Computer Holdings Cyclically Adjusted PB Ratio Related Terms


Fukui Computer Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fukui Computer Holdings'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.

Fukui Computer Holdings Cyclically Adjusted PB Ratio Chart

Fukui Computer Holdings 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 6.27 4.54 3.74 4.23 3.45

Fukui Computer Holdings 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 3.61 3.93 3.57 3.45 0.00

TSE:9790 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Fukui Computer Holdings'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.


Fukui Computer Holdings Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:9790
83GF Score
Fukui Computer Holdings Inc TSE:9790
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fukui Computer Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3105.00/899.61
=3.45

* 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.

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

For example, Fukui Computer Holdings'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)
=1454.8/112.7000*112.7000
=1,454.800

Current CPI (Mar. 2026) = 112.7000.

Fukui Computer Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 460.350 98.100 528.863
201609 485.724 98.000 558.583
201612 504.788 98.400 578.146
201703 532.860 98.100 612.164
201706 534.427 98.500 611.471
201709 564.328 98.800 643.722
201712 589.789 99.400 668.704
201803 423.583 99.200 481.228
201806 422.374 99.200 479.854
201809 513.496 99.900 579.289
201812 542.828 99.700 613.608
201903 513.252 99.700 580.176
201906 508.125 99.800 573.804
201909 566.986 100.100 638.355
201912 599.632 100.500 672.423
202003 621.040 100.300 697.819
202006 609.770 99.900 687.899
202009 666.312 99.900 751.685
202012 720.000 99.300 817.160
202103 759.661 99.900 856.995
202106 760.193 99.500 861.043
202109 818.767 100.100 921.829
202112 871.536 100.100 981.240
202203 917.146 101.100 1,022.377
202206 893.059 101.800 988.681
202209 955.889 103.100 1,044.895
202212 1,000.387 104.100 1,083.032
202303 1,048.755 104.400 1,132.133
202306 1,038.356 105.200 1,112.383
202309 1,086.626 106.200 1,153.133
202312 1,128.126 106.800 1,190.448
202403 1,180.459 107.200 1,241.024
202406 1,162.612 108.200 1,210.965
202409 1,215.671 108.900 1,258.091
202412 1,279.807 110.700 1,302.929
202503 1,310.859 111.100 1,329.737
202506 1,303.603 111.700 1,315.274
202509 1,342.588 112.000 1,350.979
202512 1,401.354 113.000 1,397.634
202603 1,454.800 112.700 1,454.800

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 3.45 mean?
Fukui Computer Holdings (TSE:9790) has a Cyclically Adjusted PB Ratio of 3.45 as of Aug. 25, 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 Fukui Computer Holdings and its competitors. This is 37% below median its historical median of 5.50. Over the past decade, Fukui Computer Holdings' Cyclically Adjusted PB Ratio has ranged from 3.15 to 12.11. According to the industry distribution chart, Fukui Computer Holdings ranks #973 out of 1515 companies in the Software industry, placing it in the top 64.2%.
Is Fukui Computer Holdings' Cyclically Adjusted PB Ratio too high?
Fukui Computer Holdings' current Cyclically Adjusted PB Ratio of 3.45 is 37% below median its 10-year median of 5.50. Over the past 10 years, this metric has ranged from a low of 3.15 to a high of 12.11. The Software industry median Cyclically Adjusted PB Ratio is 2.31. Fukui Computer Holdings' value of 3.45 is 49.4% above this industry median. Based on the distribution chart, Fukui Computer Holdings ranks #973 out of 1515 companies in the Software industry, which is below the industry midpoint. Overall, Fukui Computer Holdings has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fukui Computer Holdings' Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Fukui Computer Holdings ranks #973 out of 1515 companies for Cyclically Adjusted PB Ratio. This places Fukui Computer Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. Fukui Computer Holdings' value of 3.45 is 49.4% above this benchmark. Historically, Fukui Computer Holdings' own Cyclically Adjusted PB Ratio has ranged from 3.15 to 12.11 over the past decade. While the company's 10-year median is 5.50 vs. the industry median of 2.31, Fukui Computer Holdings 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 2.31, 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. Fukui Computer Holdings's current Cyclically Adjusted PB Ratio of 3.45 is 49.4% 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 Fukui Computer Holdings 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. Fukui Computer Holdings's current Cyclically Adjusted PB Ratio is 3.45, which is 37% below median its own 10-year median of 5.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukui Computer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fukui Computer Holdings (TSE:9790) is currently considered Fairly Valued. The stock's GF Value™ is 円3,290.10, compared to a current price of 円3,105.00 — trading 5.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.45, which is 37% below median its 10-year median of 5.50 and 49.4% above the Software industry median of 2.31. Fukui Computer Holdings' overall GF Score™ is 83/100 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 Fukui Computer Holdings (TSE:9790), the current Cyclically Adjusted PB Ratio is 3.45 as of Aug. 25, 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 Fukui Computer Holdings (TSE:9790) Overvalued in 2026?

Based on GuruFocus' analysis, Fukui Computer Holdings stock appears to be undervalued. The current stock price of 円3,105.00 is trading 5.6% below its estimated GF Value™ of 円3,290.10. GuruFocus considers Fukui Computer Holdings to be Fairly Valued.

Key valuation signals for TSE:9790:

  • Cyclically Adjusted PB Ratio: 3.45 (37% below median its 10-year median of 5.50)
  • GF Value™: 円3,290.10 vs. price of 円3,105.00 (5.6% below fair value)
  • GF Score™: 83/100 with 1 warning sign
  • Industry Position: 49.4% above the Software median (#973 of 1515)

No single metric tells the full story. See the TSE:9790 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fukui Computer Holdings Business Description

Address Takagi chuo 1-2501, Fukui Prefecture, Fukui City, JPN, 910-8521
Fukui Computer Holdings Inc is engaged in architecture, surveying, development, and sale of various types of computer-aided design (CAD) software. It supplies services for two segments which are architecture and information technology respectively. The architectural business includes the 3D architectural designing system that supports total design work from design to presentation, various applications, integration / estimation, after-sales management. The Measurement Civil Engineering CAD segment is engaged in the development, sale, and maintenance of measurement CAD software and civil engineering CAD software. The Information Technology (IT) Solution segment offers solution services, including other system development, Web application and hosting services.
83GF Score

Get the complete analysis for TSE:9790

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

円3,105.00
Price
円3,290.10
GF Value