JBCC Holdings (TSE:9889) Cyclically Adjusted PB Ratio: 5.73 (As of Aug. 15, 2026) — 181% Above Median

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TSE:9889 JBCC Holdings Inc TSE:9889
85 GF Score
Price 円1,735.00
GF Value 円1,302.07
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is JBCC Holdings Cyclically Adjusted PB Ratio?

JBCC Holdings TSE:9889 +3.03% 85 Cyclically Adjusted PB Ratio is 5.73 as of Aug. 15, 2026, which is 181% above its 10-year median of 2.04. GuruFocus rates TSE:9889 with a GF Score™ of 85/100 and a GF Value™ of 円1,302.07 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,552 Software companies, JBCC Holdings ranks worse than 78.29% on this metric.

As of today (2026-08-15), JBCC Holdings's current share price is 円1735.00. JBCC Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円302.68. JBCC Holdings's Cyclically Adjusted PB Ratio for today is 5.73.

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

TSE:9889' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.31   Med: 2.04   Max: 5.73
Current: 5.73

During the past years, JBCC Holdings's highest Cyclically Adjusted PB Ratio was 5.73. The lowest was 1.31. And the median was 2.04.

TSE:9889's Cyclically Adjusted PB Ratio is ranked worse than
78.29% of 1552 companies
in the Software industry
Industry Median: 2.315 vs TSE:9889: 5.73

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.

JBCC Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was 円410.100. 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302.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JBCC Holdings  (TSE:9889) 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.


JBCC Holdings Cyclically Adjusted PB Ratio Related Terms


JBCC Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JBCC 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.

JBCC Holdings Cyclically Adjusted PB Ratio Chart

JBCC 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 1.71 2.22 3.12 3.92 3.94

JBCC Holdings 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 4.71 4.48 5.35 3.94 0.00

TSE:9889 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, JBCC 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.


JBCC Holdings Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSE:9889
85GF Score
JBCC Holdings Inc TSE:9889
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JBCC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1735.00/302.68
=5.73

* 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.

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

For example, JBCC 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)
=410.1/112.7000*112.7000
=410.100

Current CPI (Mar. 2026) = 112.7000.

JBCC Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201512 194.067 98.100 222.950
201603 187.281 97.900 215.593
201606 186.473 98.100 214.225
201609 191.072 98.000 219.733
201612 195.965 98.400 224.444
201703 204.374 98.100 234.791
201706 205.755 98.500 235.417
201709 214.022 98.800 244.132
201712 217.868 99.400 247.019
201803 221.852 99.200 252.044
201806 228.239 99.200 259.300
201809 239.222 99.900 269.873
201812 235.521 99.700 266.231
201903 238.382 99.700 269.465
201906 239.292 99.800 270.223
201909 250.650 100.100 282.200
201912 251.866 100.500 282.441
202003 245.623 100.300 275.989
202006 256.868 99.900 289.780
202009 265.008 99.900 298.963
202012 266.420 99.300 302.372
202103 272.943 99.900 307.915
202106 275.220 99.500 311.732
202109 288.869 100.100 325.230
202112 282.089 100.100 317.597
202203 287.580 101.100 320.576
202206 290.506 101.800 321.611
202209 305.565 103.100 334.017
202212 308.203 104.100 333.665
202303 315.661 104.400 340.757
202306 320.594 105.200 343.450
202309 334.245 106.200 354.703
202312 332.969 106.800 351.363
202403 341.840 107.200 359.378
202409 367.936 108.900 380.775
202503 389.125 111.100 394.729
202506 391.764 111.700 395.271
202509 417.100 112.000 419.707
202512 408.669 113.000 407.584
202603 410.100 112.700 410.100

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 5.73 mean?
JBCC Holdings (TSE:9889) has a Cyclically Adjusted PB Ratio of 5.73 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 JBCC Holdings and its competitors. This is 181% above median its historical median of 2.04. Over the past decade, JBCC Holdings' Cyclically Adjusted PB Ratio has ranged from 1.31 to 5.73. According to the industry distribution chart, JBCC Holdings ranks #1215 out of 1552 companies in the Software industry, placing it in the top 78.3%.
Is JBCC Holdings' Cyclically Adjusted PB Ratio too high?
JBCC Holdings' current Cyclically Adjusted PB Ratio of 5.73 is 181% above median its 10-year median of 2.04. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 5.73. The Software industry median Cyclically Adjusted PB Ratio is 2.32. JBCC Holdings' value of 5.73 is 147.5% above this industry median. Based on the distribution chart, JBCC Holdings ranks #1215 out of 1552 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, JBCC Holdings has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JBCC Holdings' Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, JBCC Holdings ranks #1215 out of 1552 companies for Cyclically Adjusted PB Ratio. This places JBCC Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.32. JBCC Holdings' value of 5.73 is 147.5% above this benchmark. Historically, JBCC Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.31 to 5.73 over the past decade. While the company's 10-year median is 2.04 vs. the industry median of 2.32, JBCC 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 2.32, 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. JBCC Holdings's current Cyclically Adjusted PB Ratio of 5.73 is 147.5% 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 JBCC Holdings 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. JBCC Holdings's current Cyclically Adjusted PB Ratio is 5.73, which is 181% above median its own 10-year median of 2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JBCC Holdings stock overvalued right now?
Based on GuruFocus' analysis, JBCC Holdings (TSE:9889) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,302.07, compared to a current price of 円1,735.00 — trading 33.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.73, which is 181% above median its 10-year median of 2.04 and 147.5% above the Software industry median of 2.32. JBCC Holdings' overall GF Score™ is 85/100 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 JBCC Holdings (TSE:9889), the current Cyclically Adjusted PB Ratio is 5.73 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 JBCC Holdings (TSE:9889) Overvalued in 2026?

Based on GuruFocus' analysis, JBCC Holdings stock appears to be overvalued. The current stock price of 円1,735.00 is trading 33.2% above its estimated GF Value™ of 円1,302.07. GuruFocus considers JBCC Holdings to be Significantly Overvalued.

Key valuation signals for TSE:9889:

  • Cyclically Adjusted PB Ratio: 5.73 (181% above median its 10-year median of 2.04)
  • GF Value™: 円1,302.07 vs. price of 円1,735.00 (33.2% above fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 147.5% above the Software median (#1215 of 1552)

No single metric tells the full story. See the TSE:9889 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JBCC Holdings Business Description

Address 2-2-1 Yaesu, Yaesu Central Tower 13th floor, Chuo-ku, Tokyo, JPN, 104-0028
JBCC Holdings Inc provides various information technology (IT) related services. Its services include consulting, application development, system integration, operation, maintenance, monitoring, outsourcing and among others. The company develops and markets own software solutions, printing systems, and security-related solutions, and it also provides optimally customized hardware.
85GF Score

Get the complete analysis for TSE:9889

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

円1,735.00
Price
円1,302.07
GF Value