Daikin Industries (FRA:DKI) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:DKI Daikin Industries Ltd FRA:DKI
92 GF Score
Price €113.65
GF Value €123.86
Valuation Fairly Valued
! 3 Warning Signs
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What is Daikin Industries Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Daikin Industries  (FRA:DKI) 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.


Daikin Industries Cyclically Adjusted PS Ratio Related Terms


Daikin Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Daikin Industries'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.

Daikin Industries Cyclically Adjusted PS Ratio Chart

Daikin Industries 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 2.76 2.40 1.71 1.24 1.19

Daikin Industries 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 1.22 1.16 1.25 1.18 1.51

FRA:DKI vs TT, JCI, CARR: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Daikin Industries'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.


Daikin Industries Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Daikin Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:DKI
92GF Score
Daikin Industries Ltd FRA:DKI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Daikin Industries 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.

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

For example, Daikin Industries'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)
=26.942/113.6000*113.6000
=26.942

Current CPI (Jun. 2026) = 113.6000.

Daikin Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 15.249 98.000 17.676
201612 13.787 98.400 15.917
201703 14.780 98.100 17.115
201706 16.394 98.500 18.907
201709 15.420 98.800 17.730
201712 14.087 99.400 16.099
201803 14.586 99.200 16.703
201806 17.263 99.200 19.769
201809 16.927 99.900 19.248
201812 15.297 99.700 17.430
201903 16.555 99.700 18.863
201906 18.842 99.800 21.447
201909 19.260 100.100 21.858
201912 16.947 100.500 19.156
202003 17.039 100.300 19.298
202006 16.777 99.900 19.078
202009 17.835 99.900 20.281
202012 16.793 99.300 19.211
202103 17.415 99.900 19.803
202106 20.700 99.500 23.633
202109 19.993 100.100 22.689
202112 19.520 100.100 22.153
202203 21.123 101.100 23.735
202206 23.928 101.800 26.702
202209 25.785 103.100 28.411
202212 22.866 104.100 24.953
202303 23.935 104.400 26.044
202306 24.994 105.200 26.990
202309 24.537 106.200 26.247
202312 22.290 106.800 23.709
202403 23.972 107.200 25.403
202406 25.467 108.200 26.738
202409 25.857 108.900 26.973
202412 23.098 110.700 23.703
202503 24.664 111.100 25.219
202506 25.282 111.700 25.712
202509 25.051 112.000 25.409
202512 22.591 113.000 22.711
202603 25.071 112.700 25.271
202606 26.942 113.600 26.942

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 Daikin Industries (FRA:DKI) Overvalued in 2026?

Based on GuruFocus' analysis, Daikin Industries stock appears to be undervalued. The current stock price of €113.65 is trading 8.2% below its estimated GF Value™ of €123.86. GuruFocus considers Daikin Industries to be Fairly Valued.

Key valuation signals for FRA:DKI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €123.86 vs. price of €113.65 (8.2% below fair value)
  • GF Score™: 92/100 with 3 warning signs

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


Daikin Industries Business Description

Address 1-13-1 Umeda, 34th Floor, Osaka Umeda Twin Towers South, Kita-ku, Osaka, JPN, 530-0001
Established in Osaka, Japan, in 1924, Daikin Industries is one of the world's largest residential and commercial heating, ventilation, and air conditioning product and service companies. North America, Japan, China, and Europe are Daikin's four biggest regional markets, with North America accounting for over 30% of the company's revenue over the years. The air conditioning segment represents about 90% of Daikin's revenue and operating income, while chemicals and others account for the remaining 10%.
92GF Score

Get the complete analysis for FRA:DKI

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

€113.65
Price
€123.86
GF Value