Belluna Co (FRA:73L) Cyclically Adjusted PS Ratio: 0.48 (As of Jul. 23, 2026) — Near Median

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FRA:73L Belluna Co Ltd FRA:73L
68 GF Score
Price €5.50
GF Value €4.23
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Belluna Co Cyclically Adjusted PS Ratio?

Belluna Co FRA:73L -0.90% 68 Cyclically Adjusted PS Ratio is 0.48 as of Jul. 23, 2026, which is 4% above its 10-year median of 0.46. GuruFocus rates FRA:73L with a GF Score™ of 68/100 and a GF Value™ of €4.23 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 793 Retail - Cyclical companies, Belluna Co ranks better than 50.95% on this metric.

As of today (2026-07-23), Belluna Co's current share price is €5.50. Belluna Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €11.50. Belluna Co's Cyclically Adjusted PS Ratio for today is 0.48.

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

FRA:73L' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.46   Max: 1.19
Current: 0.48

During the past years, Belluna Co's highest Cyclically Adjusted PS Ratio was 1.19. The lowest was 0.28. And the median was 0.46.

FRA:73L's Cyclically Adjusted PS Ratio is ranked better than
50.95% of 793 companies
in the Retail - Cyclical industry
Industry Median: 0.5 vs FRA:73L: 0.48

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.

Belluna Co's adjusted revenue per share data for the three months ended in Mar. 2026 was €3.044. 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 €11.50 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Belluna Co  (FRA:73L) 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.


Belluna Co Cyclically Adjusted PS Ratio Related Terms


Belluna Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Belluna 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.

Belluna Co Cyclically Adjusted PS Ratio Chart

Belluna 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 0.43 0.39 0.32 0.45 0.40

Belluna 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 0.45 0.42 0.48 0.46 0.40

FRA:73L vs CASY, WSM, DKS: Cyclically Adjusted PS Ratio Comparison

For the Specialty Retail subindustry, Belluna 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.


Belluna Co Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Belluna Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:73L
68GF Score
Belluna Co Ltd FRA:73L
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Belluna 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.50/11.50
=0.48

* 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.

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

For example, Belluna 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)
=3.044/112.7000*112.7000
=3.044

Current CPI (Mar. 2026) = 112.7000.

Belluna Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.229 98.100 3.710
201609 2.656 98.000 3.054
201612 3.611 98.400 4.136
201703 3.104 98.100 3.566
201706 3.394 98.500 3.883
201709 2.626 98.800 2.995
201712 3.627 99.400 4.112
201803 3.121 99.200 3.546
201806 3.356 99.200 3.813
201809 2.925 99.900 3.300
201812 4.381 99.700 4.952
201903 3.613 99.700 4.084
201906 3.902 99.800 4.406
201909 3.499 100.100 3.939
201912 4.384 100.500 4.916
202003 3.687 100.300 4.143
202006 4.141 99.900 4.672
202009 3.547 99.900 4.001
202012 5.161 99.300 5.857
202103 4.187 99.900 4.723
202106 4.595 99.500 5.205
202109 3.742 100.100 4.213
202112 5.052 100.100 5.688
202203 4.077 101.100 4.545
202206 3.903 101.800 4.321
202209 3.306 103.100 3.614
202212 4.462 104.100 4.831
202303 3.752 104.400 4.050
202306 3.501 105.200 3.751
202309 2.901 106.200 3.079
202312 3.963 106.800 4.182
202403 3.303 107.200 3.472
202406 3.126 108.200 3.256
202409 2.986 108.900 3.090
202412 3.959 110.700 4.031
202503 3.361 111.100 3.409
202506 3.170 111.700 3.198
202509 2.824 112.000 2.842
202512 3.778 113.000 3.768
202603 3.044 112.700 3.044

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 0.48 mean?
Belluna Co (FRA:73L) has a Cyclically Adjusted PS Ratio of 0.48 as of Jul. 23, 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 Belluna Co and its competitors. This is near median its historical median of 0.46. Over the past decade, Belluna Co's Cyclically Adjusted PS Ratio has ranged from 0.28 to 1.19. According to the industry distribution chart, Belluna Co ranks #389 out of 793 companies in the Retail - Cyclical industry, placing it in the top 49.1%.
Is Belluna Co's Cyclically Adjusted PS Ratio too high?
Belluna Co's current Cyclically Adjusted PS Ratio of 0.48 is near median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.19. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.50. Belluna Co's value of 0.48 is 4% below this industry median. Based on the distribution chart, Belluna Co ranks #389 out of 793 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Belluna Co has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Belluna Co's Cyclically Adjusted PS Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Belluna Co ranks #389 out of 793 companies for Cyclically Adjusted PS Ratio. This puts Belluna Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. Belluna Co's value of 0.48 is 4% below this benchmark. Historically, Belluna Co's own Cyclically Adjusted PS Ratio has ranged from 0.28 to 1.19 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.50, Belluna 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.50, based on 793 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. Belluna Co's current Cyclically Adjusted PS Ratio of 0.48 is 4% 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 Belluna Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belluna Co's current Cyclically Adjusted PS Ratio is 0.48, which is near median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belluna Co stock overvalued right now?
Based on GuruFocus' analysis, Belluna Co (FRA:73L) is currently considered Modestly Overvalued. The stock's GF Value™ is €4.23, compared to a current price of €5.50 — trading 30% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.48, which is near median its 10-year median of 0.46 and 4% below the Retail - Cyclical industry median of 0.50. Belluna Co's overall GF Score™ is 68/100 with 6 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 Belluna Co (FRA:73L), the current Cyclically Adjusted PS Ratio is 0.48 as of Jul. 23, 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 Belluna Co (FRA:73L) Overvalued in 2026?

Based on GuruFocus' analysis, Belluna Co stock appears to be overvalued. The current stock price of €5.50 is trading 30% above its estimated GF Value™ of €4.23. GuruFocus considers Belluna Co to be Modestly Overvalued.

Key valuation signals for FRA:73L:

  • Cyclically Adjusted PS Ratio: 0.48 (near median its 10-year median of 0.46)
  • GF Value™: €4.23 vs. price of €5.50 (30% above fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 4% below the Retail - Cyclical median (#389 of 793)

No single metric tells the full story. See the FRA:73L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Belluna Co Business Description

Other Exchanges 9997:Japan
Address 4-2 Miyamoto-cho, Ageo City, Saitama, JPN, 362-8688
Belluna Co Ltd is primarily a mail-order retailer that sells a wide range of products, including apparel, home furnishings, food, wine, cosmetics, health food, and nursing supplies through catalogs and e-commerce sites. More than 80% of the company's sales come from its mail-order business. Remaining revenue comes from its apparel retail stores; its solution business, which offers outsourced services for Belluna's corporate clients; its finance business, which offers financing services that target mail-order customers; and its property business, which leases office and commercial space and engages in property development. Nearly all the company's sales are in Japan.
68GF Score

Get the complete analysis for FRA:73L

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

€5.50
Price
€4.23
GF Value