Panasonic Holdings (FRA:MAT1) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:MAT1 Panasonic Holdings Corp FRA:MAT1
62 GF Score
Price €23.44
GF Value €8.14
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Panasonic Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Panasonic Holdings  (FRA:MAT1) 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.


Panasonic Holdings Cyclically Adjusted PS Ratio Related Terms


Panasonic Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Panasonic Holdings'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.

Panasonic Holdings Cyclically Adjusted PS Ratio Chart

Panasonic Holdings 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 0.33 0.31 0.32 0.40 0.53

Panasonic Holdings 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 0.34 0.34 0.40 0.53 0.92

FRA:MAT1 vs AAPL: Cyclically Adjusted PS Ratio Comparison

For the Consumer Electronics subindustry, Panasonic Holdings'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.


Panasonic Holdings Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Panasonic Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:MAT1
62GF Score
Panasonic Holdings Corp FRA:MAT1
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Panasonic Holdings 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.

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

For example, Panasonic Holdings'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)
=4.667/113.6000*113.6000
=4.667

Current CPI (Jun. 2026) = 113.6000.

Panasonic Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.655 98.000 7.714
201612 6.874 98.400 7.936
201703 6.806 98.100 7.881
201706 6.536 98.500 7.538
201709 6.554 98.800 7.536
201712 6.623 99.400 7.569
201803 6.668 99.200 7.636
201806 6.621 99.200 7.582
201809 6.609 99.900 7.515
201812 6.908 99.700 7.871
201903 6.577 99.700 7.494
201906 6.559 99.800 7.466
201909 7.012 100.100 7.958
201912 6.803 100.500 7.690
202003 6.191 100.300 7.012
202006 5.038 99.900 5.729
202009 5.759 99.900 6.549
202012 6.239 99.300 7.137
202103 6.119 99.900 6.958
202106 5.825 99.500 6.650
202109 5.746 100.100 6.521
202112 6.227 100.100 7.067
202203 6.452 101.100 7.250
202206 6.122 101.800 6.832
202209 6.426 103.100 7.080
202212 6.417 104.100 7.003
202303 6.496 104.400 7.068
202306 5.814 105.200 6.278
202309 5.691 106.200 6.088
202312 5.873 106.800 6.247
202403 5.836 107.200 6.184
202406 5.420 108.200 5.690
202409 5.565 108.900 5.805
202412 5.673 110.700 5.822
202503 5.486 111.100 5.609
202506 4.958 111.700 5.042
202509 4.782 112.000 4.850
202512 4.928 113.000 4.954
202603 5.052 112.700 5.092
202606 4.667 113.600 4.667

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 Panasonic Holdings (FRA:MAT1) Overvalued in 2026?

Based on GuruFocus' analysis, Panasonic Holdings stock appears to be overvalued. The current stock price of €23.44 is trading 187.9% above its estimated GF Value™ of €8.14. GuruFocus considers Panasonic Holdings to be Significantly Overvalued.

Key valuation signals for FRA:MAT1:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €8.14 vs. price of €23.44 (187.9% above fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the FRA:MAT1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Panasonic Holdings Business Description

Address 1006 Kadoma, Osaka Prefecture, Kadoma, JPN, 571-8501
Panasonic Holdings Corp is engaged in the development, manufacture, and sale of a wide range of electronic and electrical products. The company operates through six segments. The Lifestyle segment provides home appliances such as refrigerators, air conditioners, and beauty and hair care devices. The Automotive segment offers in-vehicle infotainment systems, speaker systems, and advanced driver assistance systems. The Connect segment supplies communication systems, welding machines, and projectors. The Industry segment produces electronic components, motors, and factory automation equipment. The Energy segment develops and sells lithium-ion batteries, dry batteries, and small secondary batteries. The Others segment includes the sale of televisions, cameras, and building materials.
62GF Score

Get the complete analysis for FRA:MAT1

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

€23.44
Price
€8.14
GF Value