Mizuho Financial Group (FRA:MZ8) Cyclically Adjusted PS Ratio: 6.82 (As of Jul. 27, 2026) — 271% Above Median

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FRA:MZ8 Mizuho Financial Group Inc FRA:MZ8
65 GF Score
Price €46.20
GF Value €24.49
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Mizuho Financial Group Cyclically Adjusted PS Ratio?

Mizuho Financial Group FRA:MZ8 -0.86% 65 Cyclically Adjusted PS Ratio is 6.82 as of Jul. 27, 2026, which is 271% above its 10-year median of 1.84. GuruFocus rates FRA:MZ8 with a GF Score™ of 65/100 and a GF Value™ of €24.49 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,302 Banks companies, Mizuho Financial Group ranks worse than 91.4% on this metric.

As of today (2026-07-27), Mizuho Financial Group's current share price is €46.20. Mizuho Financial Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €6.77. Mizuho Financial Group's Cyclically Adjusted PS Ratio for today is 6.82.

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

FRA:MZ8' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.18   Med: 1.84   Max: 7.19
Current: 7.19

During the past years, Mizuho Financial Group's highest Cyclically Adjusted PS Ratio was 7.19. The lowest was 1.18. And the median was 1.84.

FRA:MZ8's Cyclically Adjusted PS Ratio is ranked worse than
91.4% of 1302 companies
in the Banks industry
Industry Median: 3.41 vs FRA:MZ8: 7.19

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.

Mizuho Financial Group's adjusted revenue per share data for the three months ended in Mar. 2026 was €2.939. 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 €6.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mizuho Financial Group  (FRA:MZ8) 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.


Mizuho Financial Group Cyclically Adjusted PS Ratio Related Terms


Mizuho Financial Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mizuho Financial 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.

Mizuho Financial Group Cyclically Adjusted PS Ratio Chart

Mizuho Financial Group 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 1.62 1.87 2.90 3.60 5.06

Mizuho Financial Group 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 3.60 3.47 4.23 4.67 5.06

Mizuho Financial Group Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Mizuho Financial 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.


Mizuho Financial Group Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Mizuho Financial Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:MZ8
65GF Score
Mizuho Financial Group Inc FRA:MZ8
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mizuho Financial 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.

Mizuho Financial Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=46.20/6.77
=6.82

* 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.

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

For example, Mizuho Financial Group'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)
=2.939/112.7000*112.7000
=2.939

Current CPI (Mar. 2026) = 112.7000.

Mizuho Financial Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.140 98.100 1.310
201609 2.935 98.000 3.375
201612 2.166 98.400 2.481
201703 1.834 98.100 2.107
201706 1.785 98.500 2.042
201709 1.762 98.800 2.010
201712 1.570 99.400 1.780
201803 1.866 99.200 2.120
201806 1.961 99.200 2.228
201809 1.885 99.900 2.127
201812 1.704 99.700 1.926
201903 1.185 99.700 1.340
201906 1.893 99.800 2.138
201909 2.027 100.100 2.282
201912 1.892 100.500 2.122
202003 1.769 100.300 1.988
202006 2.076 99.900 2.342
202009 1.888 99.900 2.130
202012 1.855 99.300 2.105
202103 1.931 99.900 2.178
202106 1.819 99.500 2.060
202109 2.094 100.100 2.358
202112 2.074 100.100 2.335
202203 1.643 101.100 1.832
202206 1.807 101.800 2.000
202209 1.878 103.100 2.053
202212 1.843 104.100 1.995
202303 1.871 104.400 2.020
202306 1.790 105.200 1.918
202309 1.853 106.200 1.966
202312 1.924 106.800 2.030
202403 1.864 107.200 1.960
202406 2.148 108.200 2.237
202409 2.348 108.900 2.430
202412 2.368 110.700 2.411
202503 2.407 111.100 2.442
202506 2.131 111.700 2.150
202509 2.386 112.000 2.401
202512 2.368 113.000 2.362
202603 2.939 112.700 2.939

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 6.82 mean?
Mizuho Financial Group (FRA:MZ8) has a Cyclically Adjusted PS Ratio of 6.82 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 Mizuho Financial Group and its competitors. This is 271% above median its historical median of 1.84. Over the past decade, Mizuho Financial Group's Cyclically Adjusted PS Ratio has ranged from 1.18 to 7.19. According to the industry distribution chart, Mizuho Financial Group ranks #1190 out of 1302 companies in the Banks industry, placing it in the top 91.4%.
Is Mizuho Financial Group's Cyclically Adjusted PS Ratio too high?
Mizuho Financial Group's current Cyclically Adjusted PS Ratio of 6.82 is 271% above median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 7.19. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. Mizuho Financial Group's value of 6.82 is 100% above this industry median. Based on the distribution chart, Mizuho Financial Group ranks #1190 out of 1302 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Mizuho Financial Group has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mizuho Financial Group's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Mizuho Financial Group ranks #1190 out of 1302 companies for Cyclically Adjusted PS Ratio. This places Mizuho Financial Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.41. Mizuho Financial Group's value of 6.82 is 100% above this benchmark. Historically, Mizuho Financial Group's own Cyclically Adjusted PS Ratio has ranged from 1.18 to 7.19 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 3.41, Mizuho Financial Group 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.41, based on 1,302 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. Mizuho Financial Group's current Cyclically Adjusted PS Ratio of 6.82 is 100% 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 Mizuho Financial Group and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mizuho Financial Group's current Cyclically Adjusted PS Ratio is 6.82, which is 271% above median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mizuho Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Mizuho Financial Group (FRA:MZ8) is currently considered Significantly Overvalued. The stock's GF Value™ is €24.49, compared to a current price of €46.20 — trading 88.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.82, which is 271% above median its 10-year median of 1.84 and 100% above the Banks industry median of 3.41. Mizuho Financial Group's overall GF Score™ is 65/100 with 6 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 Mizuho Financial Group (FRA:MZ8), the current Cyclically Adjusted PS Ratio is 6.82 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 Mizuho Financial Group (FRA:MZ8) Overvalued in 2026?

Based on GuruFocus' analysis, Mizuho Financial Group stock appears to be overvalued. The current stock price of €46.20 is trading 88.6% above its estimated GF Value™ of €24.49. GuruFocus considers Mizuho Financial Group to be Significantly Overvalued.

Key valuation signals for FRA:MZ8:

  • Cyclically Adjusted PS Ratio: 6.82 (271% above median its 10-year median of 1.84)
  • GF Value™: €24.49 vs. price of €46.20 (88.6% above fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 100% above the Banks median (#1190 of 1302)

No single metric tells the full story. See the FRA:MZ8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mizuho Financial Group Business Description

Address 1-5-5, Otemachi, Otemachi Tower, Chiyoda-ku, Tokyo, JPN, 100-8176
Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers, which own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.
65GF Score

Get the complete analysis for FRA:MZ8

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

€46.20
Price
€24.49
GF Value