Hamamatsu Photonics KK (FRA:0F4) Cyclically Adjusted PS Ratio: (As of Aug. 09, 2026)

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Director of Data and Quant Analytics at GuruFocus
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FRA:0F4 Hamamatsu Photonics KK FRA:0F4
70 GF Score
Price €12.50
GF Value €12.01
Valuation Fairly Valued
! 4 Warning Signs
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What is Hamamatsu Photonics KK Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hamamatsu Photonics KK  (FRA:0F4) 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.


Hamamatsu Photonics KK Cyclically Adjusted PS Ratio Related Terms


Hamamatsu Photonics KK Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hamamatsu Photonics KK'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.

Hamamatsu Photonics KK Cyclically Adjusted PS Ratio Chart

Hamamatsu Photonics KK Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.36 6.70 6.13 3.39 2.69

Hamamatsu Photonics KK 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 2.52 2.99 2.69 2.72 2.86

FRA:0F4 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Hamamatsu Photonics KK'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.


Hamamatsu Photonics KK Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Hamamatsu Photonics KK's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:0F4
70GF Score
Hamamatsu Photonics KK FRA:0F4
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hamamatsu Photonics KK 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.

Hamamatsu Photonics KK's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Hamamatsu Photonics KK'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)
=1.121/112.7000*112.7000
=1.121

Current CPI (Mar. 2026) = 112.7000.

Hamamatsu Photonics KK Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.744 98.100 0.855
201609 0.854 98.000 0.982
201612 0.779 98.400 0.892
201703 0.920 98.100 1.057
201706 0.790 98.500 0.904
201709 0.832 98.800 0.949
201712 0.817 99.400 0.926
201803 0.955 99.200 1.085
201806 0.868 99.200 0.986
201809 0.906 99.900 1.022
201812 0.903 99.700 1.021
201903 0.996 99.700 1.126
201906 0.889 99.800 1.004
201909 1.033 100.100 1.163
201912 0.919 100.500 1.031
202003 1.045 100.300 1.174
202006 0.807 99.900 0.910
202009 0.961 99.900 1.084
202012 0.932 99.300 1.058
202103 1.071 99.900 1.208
202106 1.035 99.500 1.172
202109 1.175 100.100 1.323
202112 1.181 100.100 1.330
202203 1.323 101.100 1.475
202206 1.169 101.800 1.294
202209 1.298 103.100 1.419
202212 1.246 104.100 1.349
202303 1.274 104.400 1.375
202306 1.115 105.200 1.194
202309 1.166 106.200 1.237
202312 1.100 106.800 1.161
202403 1.001 107.200 1.052
202406 0.885 108.200 0.922
202409 1.087 108.900 1.125
202412 1.032 110.700 1.051
202503 1.156 111.100 1.173
202506 0.973 111.700 0.982
202509 1.086 112.000 1.093
202512 0.958 113.000 0.955
202603 1.121 112.700 1.121

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.

Is Hamamatsu Photonics KK (FRA:0F4) Overvalued in 2026?

Based on GuruFocus' analysis, Hamamatsu Photonics KK stock appears to be overvalued. The current stock price of €12.50 is trading 4.1% above its estimated GF Value™ of €12.01. GuruFocus considers Hamamatsu Photonics KK to be Fairly Valued.

Key valuation signals for FRA:0F4:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €12.01 vs. price of €12.50 (4.1% above fair value)
  • GF Score™: 70/100 with 4 warning signs

No single metric tells the full story. See the FRA:0F4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hamamatsu Photonics KK Business Description

Address 1126-1 Ichino-cho, Chuo-ku, Hamamatsu, JPN, 435-8558
Hamamatsu Photonics KK is a Japan-based company engaged in the development, manufacture, and sale of optical and electronic devices. The company operates through four reportable segments: Electron Tube, Optical Semiconductor, Imaging and Measuring Instruments, and Laser Businesses. Its products include photomultiplier tubes, optical semiconductor components, imaging and measuring instruments, and laser-related products.
70GF Score

Get the complete analysis for FRA:0F4

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

€12.50
Price
€12.01
GF Value