Denso (DNZOF) Cyclically Adjusted PS Ratio: 0.78 (As of Sep. 22, 2026) — 30% Below Median

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DNZOF Denso Corp DNZOF
83 GF Score
Price $13.54
GF Value $16.37
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Denso Cyclically Adjusted PS Ratio?

Denso DNZOF 83 Cyclically Adjusted PS Ratio is 0.78 as of Sep. 22, 2026, which is 30% below its 10-year median of 1.11. GuruFocus rates DNZOF with a GF Score™ of 83/100 and a GF Value™ of $16.37 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,043 Vehicles & Parts companies, Denso ranks worse than 56.95% on this metric.

As of today (2026-09-22), Denso's current share price is $13.54. Denso's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $17.36. Denso's Cyclically Adjusted PS Ratio for today is 0.78.

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

DNZOF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.11   Max: 1.73
Current: 0.92

During the past years, Denso's highest Cyclically Adjusted PS Ratio was 1.73. The lowest was 0.55. And the median was 1.11.

DNZOF's Cyclically Adjusted PS Ratio is ranked worse than
56.95% of 1043 companies
in the Vehicles & Parts industry
Industry Median: 0.72 vs DNZOF: 0.92

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.

Denso's adjusted revenue per share data for the three months ended in Jun. 2026 was $4.513. 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 $17.36 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Denso  (OTCPK:DNZOF) 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.


Denso Cyclically Adjusted PS Ratio Related Terms


Denso Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Denso'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.

Denso Cyclically Adjusted PS Ratio Chart

Denso 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 1.15 0.88 1.24 0.76 0.72

Denso 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 0.85 0.90 0.84 0.72 0.72

DNZOF vs ORLY, AZO, GPC: Cyclically Adjusted PS Ratio Comparison

For the Auto Parts subindustry, Denso'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.


Denso Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Denso's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


DNZOF
83GF Score
Denso Corp DNZOF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Denso 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.

Denso's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.54/17.362
=0.78

* 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.

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

For example, Denso'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)
=4.513/113.6000*113.6000
=4.513

Current CPI (Jun. 2026) = 113.6000.

Denso Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.344 98.000 3.876
201612 3.293 98.400 3.802
201703 3.405 98.100 3.943
201706 3.339 98.500 3.851
201709 3.462 98.800 3.981
201712 3.793 99.400 4.335
201803 4.172 99.200 4.778
201806 3.907 99.200 4.474
201809 3.717 99.900 4.227
201812 3.849 99.700 4.386
201903 4.043 99.700 4.607
201906 3.886 99.800 4.423
201909 3.890 100.100 4.415
201912 3.789 100.500 4.283
202003 3.726 100.300 4.220
202006 2.295 99.900 2.610
202009 3.980 99.900 4.526
202012 4.428 99.300 5.066
202103 4.343 99.900 4.939
202106 3.999 99.500 4.566
202109 3.600 100.100 4.086
202112 4.084 100.100 4.635
202203 4.240 101.100 4.764
202206 3.576 101.800 3.991
202209 3.809 103.100 4.197
202212 3.800 104.100 4.147
202303 4.452 104.400 4.844
202306 4.162 105.200 4.494
202309 4.158 106.200 4.448
202312 4.158 106.800 4.423
202403 4.108 107.200 4.353
202406 3.868 108.200 4.061
202409 3.962 108.900 4.133
202412 4.106 110.700 4.214
202503 4.326 111.100 4.423
202506 4.362 111.700 4.436
202509 4.591 112.000 4.657
202512 4.593 113.000 4.617
202603 4.841 112.700 4.880
202606 4.513 113.600 4.513

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 0.78 mean?
Denso (DNZOF) has a Cyclically Adjusted PS Ratio of 0.78 as of Sep. 22, 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 Denso and its competitors. This is 30% below median its historical median of 1.11. Over the past decade, Denso's Cyclically Adjusted PS Ratio has ranged from 0.55 to 1.73. According to the industry distribution chart, Denso ranks #594 out of 1043 companies in the Vehicles & Parts industry, placing it in the top 57%.
Is Denso's Cyclically Adjusted PS Ratio too high?
Denso's current Cyclically Adjusted PS Ratio of 0.78 is 30% below median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.73. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.72. Denso's value of 0.78 is 8.3% above this industry median. Based on the distribution chart, Denso ranks #594 out of 1043 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Denso has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Denso's Cyclically Adjusted PS Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Denso ranks #594 out of 1043 companies for Cyclically Adjusted PS Ratio. This places Denso in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.72. Denso's value of 0.78 is 8.3% above this benchmark. Historically, Denso's own Cyclically Adjusted PS Ratio has ranged from 0.55 to 1.73 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 0.72, Denso 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 Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.72, based on 1,043 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. Denso's current Cyclically Adjusted PS Ratio of 0.78 is 8.3% 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 Denso and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Denso's current Cyclically Adjusted PS Ratio is 0.78, which is 30% below median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Denso stock overvalued right now?
Based on GuruFocus' analysis, Denso (DNZOF) is currently considered Modestly Undervalued. The stock's GF Value™ is $16.37, compared to a current price of $13.54 — trading 17.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.78, which is 30% below median its 10-year median of 1.11 and 8.3% above the Vehicles & Parts industry median of 0.72. Denso's overall GF Score™ is 83/100 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 Denso (DNZOF), the current Cyclically Adjusted PS Ratio is 0.78 as of Sep. 22, 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 Denso (DNZOF) Overvalued in 2026?

Based on GuruFocus' analysis, Denso stock appears to be undervalued. The current stock price of $13.54 is trading 17.3% below its estimated GF Value™ of $16.37. GuruFocus considers Denso to be Modestly Undervalued.

Key valuation signals for DNZOF:

  • Cyclically Adjusted PS Ratio: 0.78 (30% below median its 10-year median of 1.11)
  • GF Value™: $16.37 vs. price of $13.54 (17.3% below fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 8.3% above the Vehicles & Parts median (#594 of 1043)

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


Denso Business Description

Address 1-1 Showa-cho, Aichi Prefecture, Kariya, JPN, 448-8661
Denso Corp is a Japanese automotive components manufacturer headquartered in Kariya, Aichi Prefecture, and a core member of the Toyota Group. It produces thermal systems such as air conditioners and radiators, powertrain components including fuel injection and exhaust systems, and electronic and electrification products such as inverters, sensors, and battery management systems. Its customers are primarily automakers, with Toyota historically accounting for a large share of sales, alongside other Japanese and international vehicle manufacturers. Denso operates globally, with manufacturing and sales operations across Japan, the Americas, Europe, and Asia. Revenue comes mainly from selling original-equipment parts to automakers, supplemented by aftermarket and non-automotive businesses. The company invests heavily in electrification, advanced driver assistance, and connected vehicle technologies.
83GF Score

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

$13.54
Price
$16.37
GF Value