Elecom Co (FRA:9EL) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:9EL Elecom Co Ltd FRA:9EL
98 GF Score
Price €11.10
GF Value €11.37
! 4 Warning Signs
View Full Analysis

What is Elecom Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Elecom Co  (FRA:9EL) 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.


Elecom Co Cyclically Adjusted PS Ratio Related Terms


Elecom Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Elecom 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.

Elecom Co Cyclically Adjusted PS Ratio Chart

Elecom 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 1.29 0.99 1.03 1.04 0.87

Elecom Co 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 1.07 1.06 0.93 0.86 0.95

FRA:9EL vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, Elecom 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.


Elecom Co Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


FRA:9EL
98GF Score
Elecom Co Ltd FRA:9EL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elecom 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.

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

For example, Elecom Co'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)
=2.273/113.6000*113.6000
=2.273

Current CPI (Jun. 2026) = 113.6000.

Elecom Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.153 98.000 2.496
201612 2.389 98.400 2.758
201703 2.166 98.100 2.508
201706 2.188 98.500 2.523
201709 1.962 98.800 2.256
201712 2.156 99.400 2.464
201803 1.976 99.200 2.263
201806 2.000 99.200 2.290
201809 2.128 99.900 2.420
201812 2.460 99.700 2.803
201903 2.345 99.700 2.672
201906 2.248 99.800 2.559
201909 2.472 100.100 2.805
201912 2.498 100.500 2.824
202003 2.445 100.300 2.769
202006 2.382 99.900 2.709
202009 2.261 99.900 2.571
202012 2.457 99.300 2.811
202103 2.483 99.900 2.824
202106 2.190 99.500 2.500
202109 2.136 100.100 2.424
202112 2.370 100.100 2.690
202203 2.376 101.100 2.670
202206 2.182 101.800 2.435
202209 2.148 103.100 2.367
202212 2.163 104.100 2.360
202303 2.138 104.400 2.326
202306 2.075 105.200 2.241
202309 1.939 106.200 2.074
202312 2.232 106.800 2.374
202403 2.186 107.200 2.317
202406 2.014 108.200 2.115
202409 2.280 108.900 2.378
202412 2.476 110.700 2.541
202503 2.504 111.100 2.560
202506 2.289 111.700 2.328
202509 2.295 112.000 2.328
202512 2.621 113.000 2.635
202603 2.494 112.700 2.514
202606 2.273 113.600 2.273

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 Elecom Co (FRA:9EL) Overvalued in 2026?

Based on GuruFocus' analysis, Elecom Co stock appears to be undervalued. The current stock price of €11.10 is trading 2.4% below its estimated GF Value™ of €11.37.

Key valuation signals for FRA:9EL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €11.37 vs. price of €11.10 (2.4% below fair value)
  • GF Score™: 98/100 with 4 warning signs

No single metric tells the full story. See the FRA:9EL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Elecom Co Business Description

Other Exchanges ELCMF:USA6750:Japan
Address 4-1-1 Fushimi-cho, Meiji Yasuda Life Osaka Midosuji Building 9th Floor, Chuo-ku, Osaka, JPN, 541-8765
Elecom Co Ltd is a Japan-based company which is engaged in the development, manufacture and sale of personal computer- and digital-equipment-related products through its subsidiaries. Its products portfolio includes personal computers, smartphones, televisions, digital photo frames, batteries, weight scales, digital cameras, digital video cameras, electronic dictionaries, speakers, game machines, light-emitting diode (LED) lighting devices, and others. The company also supplies peripherals, I/O devices, and PC accessories, such as mouse pads, mice and keyboards.
98GF Score

Get the complete analysis for FRA:9EL

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

€11.10
Price
€11.37
GF Value