Denso (DNZOF) Cyclically Adjusted PS Ratio: 0.93 (As of Jul. 04, 2026) — 16% Below Median


DNZOF Denso Corp DNZOF
73 GF Score
Price $11.98
GF Value $11.87
Valuation Fairly Valued
! 5 Warning Signs
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What is Denso Cyclically Adjusted PS Ratio?

Denso DNZOF 73 Cyclically Adjusted PS Ratio is 0.93 as of Jul. 04, 2026, which is 16% below its 10-year median of 1.11. GuruFocus rates DNZOF with a GF Score™ of 73/100 and a GF Value™ of $11.87 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,043 Vehicles & Parts companies, Denso ranks worse than 57.43% on this metric.

As of today (2026-07-04), Denso's current share price is $11.975. Denso's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $12.89. Denso's Cyclically Adjusted PS Ratio for today is 0.93.

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
57.43% 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 Mar. 2026 was $4.732. 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 $12.89 for the trailing ten years ended in Mar. 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 1.28 1.13 1.66 0.97 0.96

Denso 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 0.97 1.01 1.09 1.07 0.96

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
73GF 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
=11.975/12.89
=0.93

* 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 Mar. 2026 is calculated as:

For example, Denso'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)
=4.732/112.7000*112.7000
=4.732

Current CPI (Mar. 2026) = 112.7000.

Denso Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.271 98.100 3.758
201609 3.363 98.000 3.867
201612 3.106 98.400 3.557
201703 3.425 98.100 3.935
201706 3.346 98.500 3.828
201709 3.469 98.800 3.957
201712 3.792 99.400 4.299
201803 4.261 99.200 4.841
201806 3.873 99.200 4.400
201809 3.695 99.900 4.168
201812 3.868 99.700 4.372
201903 4.006 99.700 4.528
201906 3.953 99.800 4.464
201909 3.883 100.100 4.372
201912 3.775 100.500 4.233
202003 3.771 100.300 4.237
202006 2.295 99.900 2.589
202009 4.002 99.900 4.515
202012 4.457 99.300 5.058
202103 4.239 99.900 4.782
202106 3.974 99.500 4.501
202109 3.598 100.100 4.051
202112 4.081 100.100 4.595
202203 4.159 101.100 4.636
202206 3.459 101.800 3.829
202209 0.919 103.100 1.005
202212 3.985 104.100 4.314
202303 4.410 104.400 4.761
202306 4.045 105.200 4.333
202309 1.017 106.200 1.079
202312 4.272 106.800 4.508
202403 4.071 107.200 4.280
202406 3.817 108.200 3.976
202409 4.136 108.900 4.280
202412 4.057 110.700 4.130
202503 4.349 111.100 4.412
202506 4.365 111.700 4.404
202509 4.510 112.000 4.538
202512 4.470 113.000 4.458
202603 4.732 112.700 4.732

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 0.93 mean?
Denso (DNZOF) has a Cyclically Adjusted PS Ratio of 0.93 as of Jul. 04, 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 16% 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 #599 out of 1043 companies in the Vehicles & Parts industry, placing it in the top 57.4%.
Is Denso's Cyclically Adjusted PS Ratio too high?
Denso's current Cyclically Adjusted PS Ratio of 0.93 is 16% 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 0.93 is 29.2% above this industry median. Based on the distribution chart, Denso ranks #599 out of 1043 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Denso has a GF Score™ of 73/100 and is considered Fairly Valued, 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 #599 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 0.93 is 29.2% 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 0.93 is 29.2% 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 0.93, which is 16% 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 Fairly Valued. The stock's GF Value™ is $11.87, compared to a current price of $11.98 — trading 0.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.93, which is 16% below median its 10-year median of 1.11 and 29.2% above the Vehicles & Parts industry median of 0.72. Denso's overall GF Score™ is 73/100 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 Denso (DNZOF), the current Cyclically Adjusted PS Ratio is 0.93 as of Jul. 04, 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 overvalued. The current stock price of $11.98 is trading 0.9% above its estimated GF Value™ of $11.87. GuruFocus considers Denso to be Fairly Valued.

Key valuation signals for DNZOF:

  • Cyclically Adjusted PS Ratio: 0.93 (16% below median its 10-year median of 1.11)
  • GF Value™: $11.87 vs. price of $11.98 (0.9% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 29.2% above the Vehicles & Parts median (#599 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 was founded on Dec. 16, 1949, as Nippondenso, and is now a leading global manufacturer of automotive components, ranging from thermal and powertrain control systems to electronic and electrification solutions, headquartered in Kariya, Aichi Prefecture, Japan, and a core member of the Toyota Group.
73GF 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.

$11.98
Price
$11.87
GF Value