Dentsu Group (FRA:DEN) Cyclically Adjusted PS Ratio: (As of Aug. 19, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
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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:DEN Dentsu Group Inc FRA:DEN
68 GF Score
Price €18.40
GF Value €16.13
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Dentsu Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dentsu Group  (FRA:DEN) 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.


Dentsu Group Cyclically Adjusted PS Ratio Related Terms


Dentsu Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Dentsu Group'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.

Dentsu Group Cyclically Adjusted PS Ratio Chart

Dentsu Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 1.12 1.07 1.01 0.74

Dentsu Group 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 0.73 0.73 0.74 0.59 0.00

FRA:DEN vs APP, OMC, TTD: Cyclically Adjusted PS Ratio Comparison

For the Advertising Agencies subindustry, Dentsu Group'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.


Dentsu Group Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Dentsu Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:DEN
68GF Score
Dentsu Group Inc FRA:DEN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dentsu Group 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.

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

For example, Dentsu Group'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)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

Dentsu Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.990 98.000 6.944
201612 7.168 98.400 8.275
201703 6.683 98.100 7.739
201706 5.960 98.500 6.874
201709 5.848 98.800 6.724
201712 7.211 99.400 8.241
201803 6.568 99.200 7.521
201806 6.609 99.200 7.568
201809 6.604 99.900 7.510
201812 8.152 99.700 9.289
201903 7.078 99.700 8.065
201906 7.159 99.800 8.149
201909 7.479 100.100 8.488
201912 8.927 100.500 10.091
202003 7.726 100.300 8.750
202006 6.076 99.900 6.909
202009 6.210 99.900 7.062
202012 7.400 99.300 8.466
202103 6.829 99.900 7.766
202106 6.524 99.500 7.449
202109 7.809 100.100 8.862
202112 8.723 100.100 9.899
202203 8.001 101.100 8.990
202206 7.508 101.800 8.378
202209 8.167 103.100 8.999
202212 9.518 104.100 10.387
202303 8.033 104.400 8.741
202306 7.317 105.200 7.901
202309 7.935 106.200 8.488
202312 8.904 106.800 9.471
202403 7.714 107.200 8.175
202406 7.783 108.200 8.171
202409 8.285 108.900 8.643
202412 9.133 110.700 9.372
202503 8.227 111.100 8.412
202506 7.831 111.700 7.964
202509 7.334 112.000 7.439
202512 8.882 113.000 8.929
202603 7.469 112.700 7.529
202606 0.000 113.600 0.000

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 Dentsu Group (FRA:DEN) Overvalued in 2026?

Based on GuruFocus' analysis, Dentsu Group stock appears to be overvalued. The current stock price of €18.40 is trading 14.1% above its estimated GF Value™ of €16.13. GuruFocus considers Dentsu Group to be Modestly Overvalued.

Key valuation signals for FRA:DEN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €16.13 vs. price of €18.40 (14.1% above fair value)
  • GF Score™: 68/100 with 8 warning signs

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


Dentsu Group Business Description

Address 1-8-1 Higashi Shinbashi, Minato-ku, Tokyo, JPN, 105-7001
Dentsu Group is the top advertising agency in Japan and the fifth-largest advertising network in the world. It is the oldest advertising agency in Japan, with the original company being established in 1901. Over the years, Dentsu expanded its global footprint through mergers and acquisitions. Currently, international sales account for about 60% of total revenue.
68GF Score

Get the complete analysis for FRA:DEN

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

€18.40
Price
€16.13
GF Value