DWMNF (DOWA Holdings Co) Cyclically Adjusted PS Ratio: 0.76 (As of Jul. 05, 2026) — 46% Above Median


DWMNF DOWA Holdings Co Ltd DWMNF
75 GF Score
Price $62.00
GF Value $38.60
! 3 Warning Signs
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What is DOWA Holdings Co Cyclically Adjusted PS Ratio?

DOWA Holdings Co DWMNF 75 Cyclically Adjusted PS Ratio is 0.76 as of Jul. 05, 2026, which is 46% above its 10-year median of 0.52. GuruFocus rates DWMNF with a GF Score™ of 75/100 and a GF Value™ of $38.60. The stock has 3 warning signs investors should review. Among 574 Metals & Mining companies, DOWA Holdings Co ranks better than 74.22% on this metric.

As of today (2026-07-05), DOWA Holdings Co's current share price is $62.00. DOWA Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $81.48. DOWA Holdings Co's Cyclically Adjusted PS Ratio for today is 0.76.

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

DWMNF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.52   Max: 1.04
Current: 0.78

During the past years, DOWA Holdings Co's highest Cyclically Adjusted PS Ratio was 1.04. The lowest was 0.31. And the median was 0.52.

DWMNF's Cyclically Adjusted PS Ratio is ranked better than
74.22% of 574 companies
in the Metals & Mining industry
Industry Median: 2.25 vs DWMNF: 0.78

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.

DOWA Holdings Co's adjusted revenue per share data for the three months ended in Mar. 2026 was $26.131. 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 $81.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DOWA Holdings Co  (OTCPK:DWMNF) 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.


DOWA Holdings Co Cyclically Adjusted PS Ratio Related Terms


DOWA Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for DOWA Holdings 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.

DOWA Holdings Co Cyclically Adjusted PS Ratio Chart

DOWA Holdings 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 0.65 0.45 0.53 0.43 0.77

DOWA Holdings Co 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 0.43 0.43 0.50 0.67 0.77

DOWA Holdings Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, DOWA Holdings 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.


DOWA Holdings Co Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, DOWA Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


DWMNF
75GF Score
DOWA Holdings Co Ltd DWMNF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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DOWA Holdings 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=62.00/81.48
=0.76

* 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.

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

For example, DOWA Holdings Co'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)
=26.131/112.7000*112.7000
=26.131

Current CPI (Mar. 2026) = 112.7000.

DOWA Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 15.035 98.100 17.273
201609 15.107 98.000 17.373
201612 14.993 98.400 17.172
201703 18.376 98.100 21.111
201706 16.776 98.500 19.194
201709 16.652 98.800 18.995
201712 17.851 99.400 20.240
201803 18.502 99.200 21.020
201806 17.677 99.200 20.083
201809 16.079 99.900 18.139
201812 17.248 99.700 19.497
201903 17.720 99.700 20.031
201906 18.173 99.800 20.522
201909 17.997 100.100 20.262
201912 18.888 100.500 21.181
202003 20.775 100.300 23.343
202006 18.127 99.900 20.450
202009 21.934 99.900 24.744
202012 24.599 99.300 27.919
202103 28.512 99.900 32.165
202106 31.736 99.500 35.946
202109 32.853 100.100 36.988
202112 27.855 100.100 31.361
202203 31.160 101.100 34.735
202206 26.337 101.800 29.157
202209 22.502 103.100 24.597
202212 23.800 104.100 25.766
202303 23.521 104.400 25.391
202306 22.703 105.200 24.322
202309 20.423 106.200 21.673
202312 21.105 106.800 22.271
202403 18.556 107.200 19.508
202406 20.110 108.200 20.946
202409 19.221 108.900 19.892
202412 17.979 110.700 18.304
202503 18.187 111.100 18.449
202506 18.613 111.700 18.780
202509 17.836 112.000 17.947
202512 19.551 113.000 19.499
202603 26.131 112.700 26.131

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 0.76 mean?
DOWA Holdings Co (DWMNF) has a Cyclically Adjusted PS Ratio of 0.76 as of Jul. 05, 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 DOWA Holdings Co and its competitors. This is 46% above median its historical median of 0.52. Over the past decade, DOWA Holdings Co's Cyclically Adjusted PS Ratio has ranged from 0.31 to 1.04. According to the industry distribution chart, DOWA Holdings Co ranks #148 out of 574 companies in the Metals & Mining industry, placing it in the top 25.8%.
Is DOWA Holdings Co's Cyclically Adjusted PS Ratio too high?
DOWA Holdings Co's current Cyclically Adjusted PS Ratio of 0.76 is 46% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.04. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.25. DOWA Holdings Co's value of 0.76 is 66.2% below this industry median. Based on the distribution chart, DOWA Holdings Co ranks #148 out of 574 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, DOWA Holdings Co has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does DOWA Holdings Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, DOWA Holdings Co ranks #148 out of 574 companies for Cyclically Adjusted PS Ratio. This puts DOWA Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.25. DOWA Holdings Co's value of 0.76 is 66.2% below this benchmark. Historically, DOWA Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 0.31 to 1.04 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 2.25, DOWA Holdings Co 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 a Metals & Mining company?
The median Cyclically Adjusted PS Ratio among Metals & Mining companies is 2.25, based on 574 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. DOWA Holdings Co's current Cyclically Adjusted PS Ratio of 0.76 is 66.2% 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 DOWA Holdings Co and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DOWA Holdings Co's current Cyclically Adjusted PS Ratio is 0.76, which is 46% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DOWA Holdings Co stock overvalued right now?
DOWA Holdings Co (DWMNF) has a current Cyclically Adjusted PS Ratio of 0.76. The stock's GF Value™ is $38.60, compared to a current price of $62.00 — trading 60.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.76, which is 46% above median its 10-year median of 0.52 and 66.2% below the Metals & Mining industry median of 2.25. DOWA Holdings Co's overall GF Score™ is 75/100 with 3 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 DOWA Holdings Co (DWMNF), the current Cyclically Adjusted PS Ratio is 0.76 as of Jul. 05, 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 DOWA Holdings Co (DWMNF) Overvalued in 2026?

Based on GuruFocus' analysis, DOWA Holdings Co stock appears to be overvalued. The current stock price of $62.00 is trading 60.6% above its estimated GF Value™ of $38.60.

Key valuation signals for DWMNF:

  • Cyclically Adjusted PS Ratio: 0.76 (46% above median its 10-year median of 0.52)
  • GF Value™: $38.60 vs. price of $62.00 (60.6% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 66.2% below the Metals & Mining median (#148 of 574)

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


DOWA Holdings Co Business Description

Other Exchanges 5714:JapanDMI:Germany
Address 1-14-1 Sotokanda, 22nd Floor, Akihabara UDX, Chiyoda-ku, Tokyo, JPN, 101-0021
DOWA Holdings Co Ltd is a Japanese conglomerate engaged in electronic materials, recycling, heat treatment, metal processing, and smelting businesses. The company operates five business segments. The Electronic Materials segment makes high-purity metals, semiconductor wafers, LEDs, batteries, and magnetic materials. The Environment/Recycling segment handles waste disposal, soil remediation, resource recovery, and logistics. The Heat Treatment segment provides metal surface treatment, processing equipment, and related services. The Metal Processing segment produces copper, brass, alloys, and circuit boards. The Smelting segment manufactures metals and chemicals, while Others covers real estate, construction, and technology. It generates the majority of its revenue from the Smelting segment.
75GF 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.

$62.00
Price
$38.60
GF Value