Hanwa Co (FRA:HW4) Cyclically Adjusted PS Ratio: 0.15 (As of Aug. 01, 2026) — 67% Above Median

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FRA:HW4 Hanwa Co Ltd FRA:HW4
74 GF Score
Price €9.05
GF Value €6.22
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Hanwa Co Cyclically Adjusted PS Ratio?

Hanwa Co FRA:HW4 +1.69% 74 Cyclically Adjusted PS Ratio is 0.15 as of Aug. 01, 2026, which is 67% above its 10-year median of 0.09. GuruFocus rates FRA:HW4 with a GF Score™ of 74/100 and a GF Value™ of €6.22 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 471 Conglomerates companies, Hanwa Co ranks better than 88.11% on this metric.

As of today (2026-08-01), Hanwa Co's current share price is €9.05. Hanwa Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €61.79. Hanwa Co's Cyclically Adjusted PS Ratio for today is 0.15.

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

FRA:HW4' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.09   Max: 0.16
Current: 0.15

During the past years, Hanwa Co's highest Cyclically Adjusted PS Ratio was 0.16. The lowest was 0.04. And the median was 0.09.

FRA:HW4's Cyclically Adjusted PS Ratio is ranked better than
88.11% of 471 companies
in the Conglomerates industry
Industry Median: 0.77 vs FRA:HW4: 0.15

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.

Hanwa Co's adjusted revenue per share data for the three months ended in Mar. 2026 was €19.181. 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 €61.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hanwa Co  (FRA:HW4) 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.


Hanwa Co Cyclically Adjusted PS Ratio Related Terms


Hanwa Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hanwa 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.

Hanwa Co Cyclically Adjusted PS Ratio Chart

Hanwa 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 0.07 0.08 0.12 0.09 0.13

Hanwa 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 0.09 0.10 0.11 0.13 0.13

FRA:HW4 vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Hanwa 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.


Hanwa Co Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hanwa Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:HW4
74GF Score
Hanwa Co Ltd FRA:HW4
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hanwa 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.05/61.79
=0.15

* 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.

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

For example, Hanwa 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)
=19.181/112.7000*112.7000
=19.181

Current CPI (Mar. 2026) = 112.7000.

Hanwa Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 14.323 98.100 16.455
201609 15.422 98.000 17.735
201612 15.114 98.400 17.310
201703 16.918 98.100 19.436
201706 16.127 98.500 18.452
201709 15.975 98.800 18.222
201712 17.290 99.400 19.603
201803 18.237 99.200 20.719
201806 19.042 99.200 21.633
201809 19.093 99.900 21.539
201812 21.335 99.700 24.117
201903 20.235 99.700 22.873
201906 19.041 99.800 21.502
201909 19.680 100.100 22.157
201912 19.377 100.500 21.729
202003 20.030 100.300 22.506
202006 15.260 99.900 17.215
202009 16.834 99.900 18.991
202012 17.302 99.300 19.637
202103 19.037 99.900 21.476
202106 16.791 99.500 19.019
202109 20.041 100.100 22.564
202112 21.456 100.100 24.157
202203 23.478 101.100 26.172
202206 23.132 101.800 25.609
202209 23.361 103.100 25.536
202212 23.572 104.100 25.519
202303 22.173 104.400 23.936
202306 19.562 105.200 20.957
202309 18.473 106.200 19.604
202312 19.587 106.800 20.669
202403 18.281 107.200 19.219
202406 17.987 108.200 18.735
202409 19.963 108.900 20.660
202412 20.323 110.700 20.690
202503 19.503 111.100 19.784
202506 19.075 111.700 19.246
202509 18.397 112.000 18.512
202512 18.873 113.000 18.823
202603 19.181 112.700 19.181

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 0.15 mean?
Hanwa Co (FRA:HW4) has a Cyclically Adjusted PS Ratio of 0.15 as of Aug. 01, 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 Hanwa Co and its competitors. This is 67% above median its historical median of 0.09. Over the past decade, Hanwa Co's Cyclically Adjusted PS Ratio has ranged from 0.04 to 0.16. According to the industry distribution chart, Hanwa Co ranks #56 out of 471 companies in the Conglomerates industry, placing it in the top 11.9%.
Is Hanwa Co's Cyclically Adjusted PS Ratio too high?
Hanwa Co's current Cyclically Adjusted PS Ratio of 0.15 is 67% above median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.16. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.77. Hanwa Co's value of 0.15 is 80.5% below this industry median. Based on the distribution chart, Hanwa Co ranks #56 out of 471 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Hanwa Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hanwa Co's Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Hanwa Co ranks #56 out of 471 companies for Cyclically Adjusted PS Ratio. This places Hanwa Co in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.77. Hanwa Co's value of 0.15 is 80.5% below this benchmark. Historically, Hanwa Co's own Cyclically Adjusted PS Ratio has ranged from 0.04 to 0.16 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 0.77, Hanwa 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.77, based on 471 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. Hanwa Co's current Cyclically Adjusted PS Ratio of 0.15 is 80.5% 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 Hanwa Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hanwa Co's current Cyclically Adjusted PS Ratio is 0.15, which is 67% above median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanwa Co stock overvalued right now?
Based on GuruFocus' analysis, Hanwa Co (FRA:HW4) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.22, compared to a current price of €9.05 — trading 45.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.15, which is 67% above median its 10-year median of 0.09 and 80.5% below the Conglomerates industry median of 0.77. Hanwa Co's overall GF Score™ is 74/100 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 Hanwa Co (FRA:HW4), the current Cyclically Adjusted PS Ratio is 0.15 as of Aug. 01, 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 Hanwa Co (FRA:HW4) Overvalued in 2026?

Based on GuruFocus' analysis, Hanwa Co stock appears to be overvalued. The current stock price of €9.05 is trading 45.5% above its estimated GF Value™ of €6.22. GuruFocus considers Hanwa Co to be Significantly Overvalued.

Key valuation signals for FRA:HW4:

  • Cyclically Adjusted PS Ratio: 0.15 (67% above median its 10-year median of 0.09)
  • GF Value™: €6.22 vs. price of €9.05 (45.5% above fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 80.5% below the Conglomerates median (#56 of 471)

No single metric tells the full story. See the FRA:HW4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hanwa Co Business Description

Other Exchanges HNWAF:USA8078:Japan
Address 1-13-1, Tsukiji, Chuo-ku, Ginza Shochiku Square Building, Tokyo, JPN, 104-8429
Hanwa Co Ltd is a Japan-based trading company with seven segments. The steel segment handles steel products and building materials. The metals and alloys segment supplies chromium, manganese, and other metals. The nonferrous metals segment recycles aluminum, copper, nickel, and chromium. The food products segment handles seafood. The petroleum and chemicals segment trades petroleum products and others. The overseas sales subsidiaries segment comprises Hanwa's overseas subsidiaries in North America and Asia. The other business segment imports forest products and handles amusement facilities and industrial machinery. Steel, petroleum and chemicals, and metals and alloys are the three largest segments by revenue contribution. Hanwa generates most of its revenue from Japanese domestic market.
74GF Score

Get the complete analysis for FRA:HW4

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

€9.05
Price
€6.22
GF Value