Daiichinkyo Co (FRA:D4S) Cyclically Adjusted PS Ratio: 3.81 (As of Jul. 26, 2026) — 29% Below Median

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:D4S Daiichi Sankyo Co Ltd FRA:D4S
80 GF Score
Price €14.78
GF Value €32.25
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Daiichinkyo Co Cyclically Adjusted PS Ratio?

Daiichinkyo Co FRA:D4S -1.52% 80 Cyclically Adjusted PS Ratio is 3.81 as of Jul. 26, 2026, which is 29% below its 10-year median of 5.36. GuruFocus rates FRA:D4S with a GF Score™ of 80/100 and a GF Value™ of €32.25 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 751 Drug Manufacturers companies, Daiichinkyo Co ranks worse than 70.84% on this metric.

As of today (2026-07-26), Daiichinkyo Co's current share price is €14.778. Daiichinkyo Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €3.88. Daiichinkyo Co's Cyclically Adjusted PS Ratio for today is 3.81.

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

FRA:D4S' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.68   Med: 5.36   Max: 10.34
Current: 3.92

During the past years, Daiichinkyo Co's highest Cyclically Adjusted PS Ratio was 10.34. The lowest was 1.68. And the median was 5.36.

FRA:D4S's Cyclically Adjusted PS Ratio is ranked worse than
70.84% of 751 companies
in the Drug Manufacturers industry
Industry Median: 1.99 vs FRA:D4S: 3.92

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.

Daiichinkyo Co's adjusted revenue per share data for the three months ended in Mar. 2026 was €1.736. 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 €3.88 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daiichinkyo Co  (FRA:D4S) 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.


Daiichinkyo Co Cyclically Adjusted PS Ratio Related Terms


Daiichinkyo Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Daiichinkyo 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.

Daiichinkyo Co Cyclically Adjusted PS Ratio Chart

Daiichinkyo 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 5.45 9.22 8.30 5.44 3.87

Daiichinkyo 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 5.44 5.09 4.90 4.80 3.87

FRA:D4S vs LLY, JNJ, ABBV: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - General subindustry, Daiichinkyo 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.


Daiichinkyo Co Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Daiichinkyo Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:D4S
80GF Score
Daiichi Sankyo Co Ltd FRA:D4S
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiichinkyo 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.778/3.88
=3.81

* 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.

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

For example, Daiichinkyo 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)
=1.736/112.7000*112.7000
=1.736

Current CPI (Mar. 2026) = 112.7000.

Daiichinkyo Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.991 98.100 1.138
201609 0.936 98.000 1.076
201612 1.130 98.400 1.294
201703 0.916 98.100 1.052
201706 0.962 98.500 1.101
201709 0.874 98.800 0.997
201712 1.022 99.400 1.159
201803 0.854 99.200 0.970
201806 0.901 99.200 1.024
201809 0.868 99.900 0.979
201812 1.031 99.700 1.165
201903 0.927 99.700 1.048
201906 1.048 99.800 1.183
201909 0.998 100.100 1.124
201912 1.175 100.500 1.318
202003 0.970 100.300 1.090
202006 1.004 99.900 1.133
202009 1.004 99.900 1.133
202012 1.053 99.300 1.195
202103 0.897 99.900 1.012
202106 1.038 99.500 1.176
202109 1.069 100.100 1.204
202112 1.139 100.100 1.282
202203 0.934 101.100 1.041
202206 1.032 101.800 1.142
202209 1.203 103.100 1.315
202212 1.242 104.100 1.345
202303 1.203 104.400 1.299
202306 1.194 105.200 1.279
202309 1.240 106.200 1.316
202312 1.484 106.800 1.566
202403 1.371 107.200 1.441
202406 1.340 108.200 1.396
202409 1.473 108.900 1.524
202412 1.581 110.700 1.610
202503 1.696 111.100 1.720
202506 1.533 111.700 1.547
202509 1.555 112.000 1.565
202512 1.651 113.000 1.647
202603 1.736 112.700 1.736

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 3.81 mean?
Daiichinkyo Co (FRA:D4S) has a Cyclically Adjusted PS Ratio of 3.81 as of Jul. 26, 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 Daiichinkyo Co and its competitors. This is 29% below median its historical median of 5.36. Over the past decade, Daiichinkyo Co's Cyclically Adjusted PS Ratio has ranged from 1.68 to 10.34. According to the industry distribution chart, Daiichinkyo Co ranks #532 out of 751 companies in the Drug Manufacturers industry, placing it in the top 70.8%.
Is Daiichinkyo Co's Cyclically Adjusted PS Ratio too high?
Daiichinkyo Co's current Cyclically Adjusted PS Ratio of 3.81 is 29% below median its 10-year median of 5.36. Over the past 10 years, this metric has ranged from a low of 1.68 to a high of 10.34. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 1.99. Daiichinkyo Co's value of 3.81 is 91.5% above this industry median. Based on the distribution chart, Daiichinkyo Co ranks #532 out of 751 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Daiichinkyo Co has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Daiichinkyo Co's Cyclically Adjusted PS Ratio compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Daiichinkyo Co ranks #532 out of 751 companies for Cyclically Adjusted PS Ratio. This places Daiichinkyo Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.99. Daiichinkyo Co's value of 3.81 is 91.5% above this benchmark. Historically, Daiichinkyo Co's own Cyclically Adjusted PS Ratio has ranged from 1.68 to 10.34 over the past decade. While the company's 10-year median is 5.36 vs. the industry median of 1.99, Daiichinkyo Co 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 1.99, based on 751 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. Daiichinkyo Co's current Cyclically Adjusted PS Ratio of 3.81 is 91.5% 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 Daiichinkyo Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiichinkyo Co's current Cyclically Adjusted PS Ratio is 3.81, which is 29% below median its own 10-year median of 5.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiichinkyo Co stock overvalued right now?
Based on GuruFocus' analysis, Daiichinkyo Co (FRA:D4S) is currently considered Significantly Undervalued. The stock's GF Value™ is €32.25, compared to a current price of €14.78 — trading 54.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.81, which is 29% below median its 10-year median of 5.36 and 91.5% above the Drug Manufacturers industry median of 1.99. Daiichinkyo Co's overall GF Score™ is 80/100 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 Daiichinkyo Co (FRA:D4S), the current Cyclically Adjusted PS Ratio is 3.81 as of Jul. 26, 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 Daiichinkyo Co (FRA:D4S) Overvalued in 2026?

Based on GuruFocus' analysis, Daiichinkyo Co stock appears to be undervalued. The current stock price of €14.78 is trading 54.2% below its estimated GF Value™ of €32.25. GuruFocus considers Daiichinkyo Co to be Significantly Undervalued.

Key valuation signals for FRA:D4S:

  • Cyclically Adjusted PS Ratio: 3.81 (29% below median its 10-year median of 5.36)
  • GF Value™: €32.25 vs. price of €14.78 (54.2% below fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 91.5% above the Drug Manufacturers median (#532 of 751)

No single metric tells the full story. See the FRA:D4S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daiichinkyo Co Business Description

Address 3-5-1, Nihonbashi-Honcho, Chuo-ku, Tokyo, JPN, 103-8426
Daiichi Sankyo was established by the merger of Daiichi Pharmaceuticals and Sankyo in 2005. As of 2024, approximately one quarter of revenue comes from its Japan businesses, which will shrink in the future as the company expands its global footprint. Its primary growth driver is its leading platform of antibody drug conjugates, or ADCs. Its lead ADCs are Enhertu (HER2), Datroway (TROP2), I-DXd (B7-H3), HER3-DXd (HER3), and R-DXd (CDH6). Enhertu was first approved in the US in December 2019, and Datroway was first approved in January 2025.
80GF Score

Get the complete analysis for FRA:D4S

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

€14.78
Price
€32.25
GF Value