OBIC Co (FRA:OBL) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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
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:OBL OBIC Co Ltd FRA:OBL
96 GF Score
Price €28.00
GF Value €31.73
Valuation Modestly Undervalued
! 2 Warning Signs
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What is OBIC Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


OBIC Co  (FRA:OBL) 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.


OBIC Co Cyclically Adjusted PS Ratio Related Terms


OBIC Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for OBIC 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.

OBIC Co Cyclically Adjusted PS Ratio Chart

OBIC 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 22.10 21.52 19.53 17.39 13.00

OBIC Co 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 20.95 18.55 16.36 12.94 12.46

FRA:OBL vs CRM, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, OBIC 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.


OBIC Co Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, OBIC Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:OBL
96GF Score
OBIC Co Ltd FRA:OBL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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OBIC 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.

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

For example, OBIC Co'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)
=0.463/113.6000*113.6000
=0.463

Current CPI (Jun. 2026) = 113.6000.

OBIC Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.319 98.000 0.370
201612 0.294 98.400 0.339
201703 0.300 98.100 0.347
201706 0.286 98.500 0.330
201709 0.296 98.800 0.340
201712 0.295 99.400 0.337
201803 0.281 99.200 0.322
201806 0.305 99.200 0.349
201809 0.321 99.900 0.365
201812 0.333 99.700 0.379
201903 0.340 99.700 0.387
201906 0.353 99.800 0.402
201909 0.389 100.100 0.441
201912 0.375 100.500 0.424
202003 0.382 100.300 0.433
202006 0.382 99.900 0.434
202009 0.379 99.900 0.431
202012 0.389 99.300 0.445
202103 0.375 99.900 0.426
202106 0.360 99.500 0.411
202109 0.390 100.100 0.443
202112 0.401 100.100 0.455
202203 0.394 101.100 0.443
202206 0.394 101.800 0.440
202209 0.404 103.100 0.445
202212 0.398 104.100 0.434
202303 0.407 104.400 0.443
202306 0.409 105.200 0.442
202309 0.405 106.200 0.433
202312 0.401 106.800 0.427
202403 0.393 107.200 0.416
202406 0.390 108.200 0.409
202409 0.421 108.900 0.439
202412 0.427 110.700 0.438
202503 0.447 111.100 0.457
202506 0.450 111.700 0.458
202509 0.440 112.000 0.446
202512 0.436 113.000 0.438
202603 0.440 112.700 0.444
202606 0.463 113.600 0.463

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 OBIC Co (FRA:OBL) Overvalued in 2026?

Based on GuruFocus' analysis, OBIC Co stock appears to be undervalued. The current stock price of €28.00 is trading 11.8% below its estimated GF Value™ of €31.73. GuruFocus considers OBIC Co to be Modestly Undervalued.

Key valuation signals for FRA:OBL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €31.73 vs. price of €28.00 (11.8% below fair value)
  • GF Score™: 96/100 with 2 warning signs

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


OBIC Co Business Description

Address 2-4-15 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8328
Obic is one of Japan's largest enterprise resource planning service providers with a dominant share of the Japanese midsize corporate market. Obic has three main business lines: system integration, system support, and office automation, and, thus, offers one-stop construction and operation of information systems centered on its proprietary ERP suite. The company, which has a 57-year history, reported fiscal 2026 revenue of JPY 135.2 billion, with system integration contributing 40.9%, system support 52.9%, and office automation 6.2%.
96GF Score

Get the complete analysis for FRA:OBL

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

€28.00
Price
€31.73
GF Value