Let [tex]x = a, y = 1, z = 1/b[/tex] which implies [tex]a = x/y, b = y/z, c = z/x[/tex]. This means
[tex](\frac{a}{1+ab})^2 + (\frac{b}{1+bc})^2 + (\frac{c}{1+ca})^2 = (\frac{xz}{yz+xy})^2 + (\frac{xy}{xz+yz})^2 + (\frac{yz}{xy+xz})^2[/tex].
Let [tex]p = xy+yz, q = xy+xz, r = yz+xz[/tex] this means the left hand side is
[tex]= (\frac{-p+q+r}{2p})^2 + (\frac{p+q-r}{2r})^2 + (\frac{p-q+r}{2q})^2[/tex]
[tex]\geq \frac{1}{12}(\frac{-p+q+r}{p} + \frac{p-q+r}{q} + \frac{p+q-r}{r})^2[/tex] (by Chebyshev's inequality)
[tex]= \frac{1}{12}(-3+(\frac{q}{p} + \frac{p}{q}) +(\frac{r}{p}+\frac{p}{r}) +(\frac{r}{q}+ \frac{q}{r}))^2[/tex]
[tex]\geq \frac{1}{12}(-3+2+2+2)^2[/tex] (by AM-GM)
[tex]=\frac{3}{4}[/tex]