AJNMY (Ajinomoto Co) Cyclically Adjusted PS Ratio: 4.39 (As of Aug. 14, 2026) — 169% Above 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.

AJNMY Ajinomoto Co Inc AJNMY
85 GF Score
Price $35.55
GF Value $23.69
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Ajinomoto Co Cyclically Adjusted PS Ratio?

Ajinomoto Co AJNMY +3.19% 85 Cyclically Adjusted PS Ratio is 4.39 as of Aug. 14, 2026, which is 169% above its 10-year median of 1.63. GuruFocus rates AJNMY with a GF Score™ of 85/100 and a GF Value™ of $23.69 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,447 Consumer Packaged Goods companies, Ajinomoto Co ranks worse than 91.36% on this metric.

As of today (2026-08-14), Ajinomoto Co's current share price is $35.55. Ajinomoto Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $8.10. Ajinomoto Co's Cyclically Adjusted PS Ratio for today is 4.39.

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

AJNMY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.9   Med: 1.63   Max: 4.72
Current: 4.17

During the past years, Ajinomoto Co's highest Cyclically Adjusted PS Ratio was 4.72. The lowest was 0.90. And the median was 1.63.

AJNMY's Cyclically Adjusted PS Ratio is ranked worse than
91.36% of 1447 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs AJNMY: 4.17

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Ajinomoto Co's adjusted revenue per share data for the three months ended in Jun. 2026 was $2.679. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $8.10 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ajinomoto Co  (OTCPK:AJNMY) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Ajinomoto Co Cyclically Adjusted PS Ratio Related Terms


Ajinomoto Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ajinomoto Co's Cyclically Adjusted PS 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.

Ajinomoto Co Cyclically Adjusted PS Ratio Chart

Ajinomoto Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.82 2.23 2.55 2.44 3.44

Ajinomoto Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 3.18 3.42 2.62 3.44 4.49

AJNMY vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Ajinomoto Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Ajinomoto Co Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ajinomoto Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ajinomoto Co's Cyclically Adjusted PS Ratio falls into.


AJNMY
85GF Score
Ajinomoto Co Inc AJNMY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ajinomoto Co Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Ajinomoto Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=35.55/8.10
=4.39

* 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.

Ajinomoto Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ajinomoto Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.679/113.6000*113.6000
=2.679

Current CPI (Jun. 2026) = 113.6000.

Ajinomoto Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.238 98.000 2.594
201612 2.190 98.400 2.528
201703 2.174 98.100 2.517
201706 2.049 98.500 2.363
201709 2.142 98.800 2.463
201712 2.368 99.400 2.706
201803 2.344 99.200 2.684
201806 2.182 99.200 2.499
201809 2.218 99.900 2.522
201812 2.439 99.700 2.779
201903 2.196 99.700 2.502
201906 2.226 99.800 2.534
201909 2.278 100.100 2.585
201912 2.426 100.500 2.742
202003 2.352 100.300 2.664
202006 2.101 99.900 2.389
202009 2.274 99.900 2.586
202012 2.490 99.300 2.849
202103 2.319 99.900 2.637
202106 2.288 99.500 2.612
202109 2.274 100.100 2.581
202112 2.469 100.100 2.802
202203 2.317 101.100 2.603
202206 2.238 101.800 2.497
202209 2.200 103.100 2.424
202212 2.540 104.100 2.772
202303 2.345 104.400 2.552
202306 2.283 105.200 2.465
202309 2.265 106.200 2.423
202312 2.537 106.800 2.699
202403 2.419 107.200 2.563
202406 2.269 108.200 2.382
202409 2.609 108.900 2.722
202412 2.616 110.700 2.685
202503 2.528 111.100 2.585
202506 2.551 111.700 2.594
202509 2.582 112.000 2.619
202512 2.791 113.000 2.806
202603 2.716 112.700 2.738
202606 2.679 113.600 2.679

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 4.39 mean?
Ajinomoto Co (AJNMY) has a Cyclically Adjusted PS Ratio of 4.39 as of Aug. 14, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ajinomoto Co and its competitors. This is 169% above median its historical median of 1.63. Over the past decade, Ajinomoto Co's Cyclically Adjusted PS Ratio has ranged from 0.90 to 4.72. According to the industry distribution chart, Ajinomoto Co ranks #1322 out of 1447 companies in the Consumer Packaged Goods industry, placing it in the top 91.4%.
Is Ajinomoto Co's Cyclically Adjusted PS Ratio too high?
Ajinomoto Co's current Cyclically Adjusted PS Ratio of 4.39 is 169% above median its 10-year median of 1.63. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 4.72. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. Ajinomoto Co's value of 4.39 is 477.6% above this industry median. Based on the distribution chart, Ajinomoto Co ranks #1322 out of 1447 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Ajinomoto Co has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ajinomoto Co's Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ajinomoto Co ranks #1322 out of 1447 companies for Cyclically Adjusted PS Ratio. This places Ajinomoto Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Ajinomoto Co's value of 4.39 is 477.6% above this benchmark. Historically, Ajinomoto Co's own Cyclically Adjusted PS Ratio has ranged from 0.90 to 4.72 over the past decade. While the company's 10-year median is 1.63 vs. the industry median of 0.76, Ajinomoto Co 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 PS Ratio for a Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.76, based on 1,447 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ajinomoto Co's current Cyclically Adjusted PS Ratio of 4.39 is 477.6% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ajinomoto Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajinomoto Co's current Cyclically Adjusted PS Ratio is 4.39, which is 169% above median its own 10-year median of 1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajinomoto Co stock overvalued right now?
Based on GuruFocus' analysis, Ajinomoto Co (AJNMY) is currently considered Significantly Overvalued. The stock's GF Value™ is $23.69, compared to a current price of $35.55 — trading 50.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.39, which is 169% above median its 10-year median of 1.63 and 477.6% above the Consumer Packaged Goods industry median of 0.76. Ajinomoto Co's 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Ajinomoto Co (AJNMY), the current Cyclically Adjusted PS Ratio is 4.39 as of Aug. 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 Ajinomoto Co (AJNMY) Overvalued in 2026?

Based on GuruFocus' analysis, Ajinomoto Co stock appears to be overvalued. The current stock price of $35.55 is trading 50.1% above its estimated GF Value™ of $23.69. GuruFocus considers Ajinomoto Co to be Significantly Overvalued.

Key valuation signals for AJNMY:

  • Cyclically Adjusted PS Ratio: 4.39 (169% above median its 10-year median of 1.63)
  • GF Value™: $23.69 vs. price of $35.55 (50.1% above fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 477.6% above the Consumer Packaged Goods median (#1322 of 1447)

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


Ajinomoto Co Business Description

Address 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, JPN, 104-8315
Ajinomoto was founded in 1909, and it began manufacturing the world's first umami seasoning, MSG, made from amino acids. It has since grown to be one of the top manufacturers of sauces and seasonings and has diversified into frozen foods and the manufacture of other amino acid-based materials. Its sauces and seasonings are sold across Southeast Asia, Europe, and the Americas and are found in most supermarkets, making up approximately 60% of its revenue. The remaining 40% is roughly divided into the healthcare and others segment and the frozen food segment. Its healthcare and others segment also includes functional materials, which include an organic resin material, Ajinomoto Build-up Film, which is currently the industry standard for ABF substrates for semiconductors.
85GF Score

Get the complete analysis for AJNMY

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

$35.55
Price
$23.69
GF Value