DCNSF (Daiichi Life Group) Cyclically Adjusted PS Ratio: 0.66 (As of Jul. 20, 2026) — 65% 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.

DCNSF Daiichi Life Group Inc DCNSF
67 GF Score
Price $10.78
GF Value $9.05
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Daiichi Life Group Cyclically Adjusted PS Ratio?

Daiichi Life Group DCNSF 67 Cyclically Adjusted PS Ratio is 0.66 as of Jul. 20, 2026, which is 65% above its 10-year median of 0.40. GuruFocus rates DCNSF with a GF Score™ of 67/100 and a GF Value™ of $9.05 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 411 Insurance companies, Daiichi Life Group ranks better than 65.21% on this metric.

As of today (2026-07-20), Daiichi Life Group's current share price is $10.78. Daiichi Life Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $16.22. Daiichi Life Group's Cyclically Adjusted PS Ratio for today is 0.66.

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

DCNSF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.4   Max: 0.89
Current: 0.86

During the past years, Daiichi Life Group's highest Cyclically Adjusted PS Ratio was 0.89. The lowest was 0.19. And the median was 0.40.

DCNSF's Cyclically Adjusted PS Ratio is ranked better than
65.21% of 411 companies
in the Insurance industry
Industry Median: 1.21 vs DCNSF: 0.86

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.

Daiichi Life Group's adjusted revenue per share data for the three months ended in Mar. 2026 was $4.712. 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 $16.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daiichi Life Group  (OTCPK:DCNSF) 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.


Daiichi Life Group Cyclically Adjusted PS Ratio Related Terms


Daiichi Life Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Daiichi Life Group'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.

Daiichi Life Group Cyclically Adjusted PS Ratio Chart

Daiichi Life Group 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 0.41 0.37 0.54 0.59 0.68

Daiichi Life Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.59 0.56 0.58 0.63 0.68

DCNSF vs AFL, MET, PRU: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Life subindustry, Daiichi Life Group'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.


Daiichi Life Group Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Daiichi Life Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Daiichi Life Group's Cyclically Adjusted PS Ratio falls into.


DCNSF
67GF Score
Daiichi Life Group Inc DCNSF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiichi Life Group 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.

Daiichi Life Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.78/16.22
=0.66

* 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.

Daiichi Life Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Daiichi Life Group's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.712/112.7000*112.7000
=4.712

Current CPI (Mar. 2026) = 112.7000.

Daiichi Life Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.548 98.100 2.927
201609 3.143 98.000 3.614
201612 3.185 98.400 3.648
201703 3.126 98.100 3.591
201706 2.904 98.500 3.323
201709 3.278 98.800 3.739
201712 3.387 99.400 3.840
201803 3.096 99.200 3.517
201806 3.067 99.200 3.484
201809 3.546 99.900 4.000
201812 2.688 99.700 3.038
201903 3.685 99.700 4.165
201906 3.199 99.800 3.612
201909 3.390 100.100 3.817
201912 3.500 100.500 3.925
202003 2.817 100.300 3.165
202006 2.971 99.900 3.352
202009 3.570 99.900 4.027
202012 3.768 99.300 4.276
202103 5.579 99.900 6.294
202106 3.779 99.500 4.280
202109 3.610 100.100 4.064
202112 3.931 100.100 4.426
202203 4.914 101.100 5.478
202206 4.539 101.800 5.025
202209 3.812 103.100 4.167
202212 3.565 104.100 3.860
202303 3.226 104.400 3.482
202306 5.150 105.200 5.517
202309 4.234 106.200 4.493
202312 3.799 106.800 4.009
202403 5.316 107.200 5.589
202406 4.779 108.200 4.978
202409 3.326 108.900 3.442
202412 4.798 110.700 4.885
202503 3.182 111.100 3.228
202506 3.877 111.700 3.912
202509 5.204 112.000 5.237
202512 5.177 113.000 5.163
202603 4.712 112.700 4.712

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 0.66 mean?
Daiichi Life Group (DCNSF) has a Cyclically Adjusted PS Ratio of 0.66 as of Jul. 20, 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 Daiichi Life Group and its competitors. This is 65% above median its historical median of 0.40. Over the past decade, Daiichi Life Group's Cyclically Adjusted PS Ratio has ranged from 0.19 to 0.89. According to the industry distribution chart, Daiichi Life Group ranks #143 out of 411 companies in the Insurance industry, placing it in the top 34.8%.
Is Daiichi Life Group's Cyclically Adjusted PS Ratio too high?
Daiichi Life Group's current Cyclically Adjusted PS Ratio of 0.66 is 65% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.89. The Insurance industry median Cyclically Adjusted PS Ratio is 1.21. Daiichi Life Group's value of 0.66 is 45.5% below this industry median. Based on the distribution chart, Daiichi Life Group ranks #143 out of 411 companies in the Insurance industry, which is above the industry midpoint. Overall, Daiichi Life Group has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daiichi Life Group's Cyclically Adjusted PS Ratio compare to AFL and MET?
According to the Insurance industry distribution chart, Daiichi Life Group ranks #143 out of 411 companies for Cyclically Adjusted PS Ratio. This puts Daiichi Life Group in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.21. Daiichi Life Group's value of 0.66 is 45.5% below this benchmark. Historically, Daiichi Life Group's own Cyclically Adjusted PS Ratio has ranged from 0.19 to 0.89 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 1.21, Daiichi Life Group 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 PS Ratio for an Insurance company?
The median Cyclically Adjusted PS Ratio among Insurance companies is 1.21, based on 411 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. Daiichi Life Group's current Cyclically Adjusted PS Ratio of 0.66 is 45.5% 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 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 Daiichi Life Group and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiichi Life Group's current Cyclically Adjusted PS Ratio is 0.66, which is 65% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiichi Life Group stock overvalued right now?
Based on GuruFocus' analysis, Daiichi Life Group (DCNSF) is currently considered Modestly Overvalued. The stock's GF Value™ is $9.05, compared to a current price of $10.78 — trading 19.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.66, which is 65% above median its 10-year median of 0.40 and 45.5% below the Insurance industry median of 1.21. Daiichi Life Group's overall GF Score™ is 67/100 with 5 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 Daiichi Life Group (DCNSF), the current Cyclically Adjusted PS Ratio is 0.66 as of Jul. 20, 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 Daiichi Life Group (DCNSF) Overvalued in 2026?

Based on GuruFocus' analysis, Daiichi Life Group stock appears to be overvalued. The current stock price of $10.78 is trading 19.1% above its estimated GF Value™ of $9.05. GuruFocus considers Daiichi Life Group to be Modestly Overvalued.

Key valuation signals for DCNSF:

  • Cyclically Adjusted PS Ratio: 0.66 (65% above median its 10-year median of 0.40)
  • GF Value™: $9.05 vs. price of $10.78 (19.1% above fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 45.5% below the Insurance median (#143 of 411)

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


Daiichi Life Group Business Description

Address 13-1, Yurakucho 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8411
Dai-ichi Life is Japan's second-largest life insurer (excluding the recently privatized Japan Post Insurance), commanding 11% of annualized net premiums. Unlike its largest domestic rivals—Nippon Life, Meiji Yasuda, and Sumitomo Life—which remain mutually owned by policyholders, Dai-ichi Life demutualized and listed on the Tokyo Stock Exchange in 2010. The group's profit profile is geographically diversified: The main domestic life business contributes roughly 75% of profits, the overseas life business contributes about 22%, and the noninsurance business contributes about 4% of total profits.
67GF Score

Get the complete analysis for DCNSF

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

$10.78
Price
$9.05
GF Value