Japan Securities Finance Co (FRA:JSE) Cyclically Adjusted PS Ratio: 10.92 (As of Jul. 27, 2026) — 85% Above Median

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FRA:JSE Japan Securities Finance Co Ltd FRA:JSE
67 GF Score
Price €13.00
GF Value €10.57
! 5 Warning Signs
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What is Japan Securities Finance Co Cyclically Adjusted PS Ratio?

Japan Securities Finance Co FRA:JSE 67 Cyclically Adjusted PS Ratio is 10.92 as of Jul. 27, 2026, which is 85% above its 10-year median of 5.91. GuruFocus rates FRA:JSE with a GF Score™ of 67/100 and a GF Value™ of €10.57. The stock has 5 warning signs investors should review. Among 421 Credit Services companies, Japan Securities Finance Co ranks worse than 81% on this metric.

As of today (2026-07-27), Japan Securities Finance Co's current share price is €13.00. Japan Securities Finance Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €1.19. Japan Securities Finance Co's Cyclically Adjusted PS Ratio for today is 10.92.

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

FRA:JSE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.27   Med: 5.91   Max: 11.13
Current: 11.13

During the past years, Japan Securities Finance Co's highest Cyclically Adjusted PS Ratio was 11.13. The lowest was 3.27. And the median was 5.91.

FRA:JSE's Cyclically Adjusted PS Ratio is ranked worse than
81% of 421 companies
in the Credit Services industry
Industry Median: 2.97 vs FRA:JSE: 11.13

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.

Japan Securities Finance Co's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.169. 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 €1.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Securities Finance Co  (FRA:JSE) 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.


Japan Securities Finance Co Cyclically Adjusted PS Ratio Related Terms


Japan Securities Finance Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Japan Securities Finance 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.

Japan Securities Finance Co Cyclically Adjusted PS Ratio Chart

Japan Securities Finance 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 6.25 6.15 9.16 8.82 9.38

Japan Securities Finance 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 8.82 8.41 8.71 9.12 9.38

FRA:JSE vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Japan Securities Finance 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.


Japan Securities Finance Co Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Japan Securities Finance Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:JSE
67GF Score
Japan Securities Finance Co Ltd FRA:JSE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Securities Finance 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.

Japan Securities Finance Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.00/1.19
=10.92

* 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.

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

For example, Japan Securities Finance 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)
=0.169/112.7000*112.7000
=0.169

Current CPI (Mar. 2026) = 112.7000.

Japan Securities Finance Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.351 98.100 0.403
201609 0.271 98.000 0.312
201612 0.302 98.400 0.346
201703 0.264 98.100 0.303
201706 0.332 98.500 0.380
201709 0.213 98.800 0.243
201712 0.413 99.400 0.468
201803 0.281 99.200 0.319
201806 0.351 99.200 0.399
201809 0.272 99.900 0.307
201812 0.447 99.700 0.505
201903 0.076 99.700 0.086
201906 0.416 99.800 0.470
201909 0.274 100.100 0.308
201912 0.345 100.500 0.387
202003 0.288 100.300 0.324
202006 0.351 99.900 0.396
202009 0.299 99.900 0.337
202012 0.328 99.300 0.372
202103 0.333 99.900 0.376
202106 0.355 99.500 0.402
202109 0.367 100.100 0.413
202112 0.348 100.100 0.392
202203 0.340 101.100 0.379
202206 0.565 101.800 0.625
202209 0.379 103.100 0.414
202212 0.465 104.100 0.503
202303 0.379 104.400 0.409
202306 0.426 105.200 0.456
202309 0.351 106.200 0.372
202312 0.391 106.800 0.413
202403 0.432 107.200 0.454
202406 0.490 108.200 0.510
202409 0.612 108.900 0.633
202412 0.270 110.700 0.275
202503 0.254 111.100 0.258
202506 0.549 111.700 0.554
202509 0.463 112.000 0.466
202512 0.520 113.000 0.519
202603 0.169 112.700 0.169

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 10.92 mean?
Japan Securities Finance Co (FRA:JSE) has a Cyclically Adjusted PS Ratio of 10.92 as of Jul. 27, 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 Japan Securities Finance Co and its competitors. This is 85% above median its historical median of 5.91. Over the past decade, Japan Securities Finance Co's Cyclically Adjusted PS Ratio has ranged from 3.27 to 11.13. According to the industry distribution chart, Japan Securities Finance Co ranks #341 out of 421 companies in the Credit Services industry, placing it in the top 81%.
Is Japan Securities Finance Co's Cyclically Adjusted PS Ratio too high?
Japan Securities Finance Co's current Cyclically Adjusted PS Ratio of 10.92 is 85% above median its 10-year median of 5.91. Over the past 10 years, this metric has ranged from a low of 3.27 to a high of 11.13. The Credit Services industry median Cyclically Adjusted PS Ratio is 2.97. Japan Securities Finance Co's value of 10.92 is 267.7% above this industry median. Based on the distribution chart, Japan Securities Finance Co ranks #341 out of 421 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Japan Securities Finance Co has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Japan Securities Finance Co's Cyclically Adjusted PS Ratio compare to V and MA?
According to the Credit Services industry distribution chart, Japan Securities Finance Co ranks #341 out of 421 companies for Cyclically Adjusted PS Ratio. This places Japan Securities Finance Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.97. Japan Securities Finance Co's value of 10.92 is 267.7% above this benchmark. Historically, Japan Securities Finance Co's own Cyclically Adjusted PS Ratio has ranged from 3.27 to 11.13 over the past decade. While the company's 10-year median is 5.91 vs. the industry median of 2.97, Japan Securities Finance 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 Credit Services company?
The median Cyclically Adjusted PS Ratio among Credit Services companies is 2.97, based on 421 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. Japan Securities Finance Co's current Cyclically Adjusted PS Ratio of 10.92 is 267.7% 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 Japan Securities Finance Co and its competitors. For the Credit Services industry, the median Cyclically Adjusted PS Ratio is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Securities Finance Co's current Cyclically Adjusted PS Ratio is 10.92, which is 85% above median its own 10-year median of 5.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Securities Finance Co stock overvalued right now?
Japan Securities Finance Co (FRA:JSE) has a current Cyclically Adjusted PS Ratio of 10.92. The stock's GF Value™ is €10.57, compared to a current price of €13.00 — trading 23% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.92, which is 85% above median its 10-year median of 5.91 and 267.7% above the Credit Services industry median of 2.97. Japan Securities Finance Co's overall GF Score™ is 67/100 with 5 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 Japan Securities Finance Co (FRA:JSE), the current Cyclically Adjusted PS Ratio is 10.92 as of Jul. 27, 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 Japan Securities Finance Co (FRA:JSE) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Securities Finance Co stock appears to be overvalued. The current stock price of €13.00 is trading 23% above its estimated GF Value™ of €10.57.

Key valuation signals for FRA:JSE:

  • Cyclically Adjusted PS Ratio: 10.92 (85% above median its 10-year median of 5.91)
  • GF Value™: €10.57 vs. price of €13.00 (23% above fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 267.7% above the Credit Services median (#341 of 421)

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


Japan Securities Finance Co Business Description

Other Exchanges 8511:Japan
Address 1-2-10 Nihonbashi-Kayabacho, Chuo-ku, Tokyo, JPN, 103-0025
Japan Securities Finance Co Ltd operates in three business segments: Securities Finance, Trust Banking, and Real Estate Leasing. In the Securities Finance business, which makes up the vast majority of the company's total revenue, the company primarily provides loans for margin transactions where it earns revenue through fees and interest. The Securities Finance segment also earns fees through stock and bond lending and earns interest through bond financing and general loans. The Trust Banking business provides trust services, such as securities trust, and banking services, such as deposits and loans. The Real Estate Leasing business provides services for leasing and managing real estate. The company operates exclusively in Japan.
67GF Score

Get the complete analysis for FRA:JSE

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

€13.00
Price
€10.57
GF Value