Otsuka (FRA:OTK) Cyclically Adjusted PS Ratio: 1.37 (As of Sep. 05, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:OTK Otsuka Corp FRA:OTK
82 GF Score
Price €19.80
GF Value €22.13
! 5 Warning Signs
View Full Analysis

What is Otsuka Cyclically Adjusted PS Ratio?

Otsuka FRA:OTK +1.54% 82 Cyclically Adjusted PS Ratio is 1.37 as of Sep. 05, 2026, which is 1% above its 10-year median of 1.36. GuruFocus rates FRA:OTK with a GF Score™ of 82/100 and a GF Value™ of €22.13. The stock has 5 warning signs investors should review. Among 1,579 Software companies, Otsuka ranks better than 56.24% on this metric.

As of today (2026-09-05), Otsuka's current share price is €19.80. Otsuka's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €14.46. Otsuka's Cyclically Adjusted PS Ratio for today is 1.37.

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

FRA:OTK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.36   Max: 1.78
Current: 1.36

During the past years, Otsuka's highest Cyclically Adjusted PS Ratio was 1.78. The lowest was 0.97. And the median was 1.36.

FRA:OTK's Cyclically Adjusted PS Ratio is ranked better than
56.24% of 1579 companies
in the Software industry
Industry Median: 1.65 vs FRA:OTK: 1.36

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.

Otsuka's adjusted revenue per share data for the three months ended in Jun. 2026 was €5.867. 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 €14.46 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Otsuka  (FRA:OTK) 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.


Otsuka Cyclically Adjusted PS Ratio Related Terms


Otsuka Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Otsuka'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.

Otsuka Cyclically Adjusted PS Ratio Chart

Otsuka Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.47 1.03 1.34 1.53 1.25

Otsuka 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 1.19 1.22 1.25 1.16 1.03

FRA:OTK vs IBM, ACN, CTSH: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Otsuka'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.


Otsuka Cyclically Adjusted PS Ratio vs Software Industry

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

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


FRA:OTK
82GF Score
Otsuka Corp FRA:OTK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Otsuka 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.

Otsuka's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.80/14.46
=1.37

* 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.

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

For example, Otsuka'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)
=5.867/113.6000*113.6000
=5.867

Current CPI (Jun. 2026) = 113.6000.

Otsuka Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.330 98.000 3.860
201612 3.463 98.400 3.998
201703 3.937 98.100 4.559
201706 3.752 98.500 4.327
201709 3.175 98.800 3.651
201712 3.446 99.400 3.938
201803 3.857 99.200 4.417
201806 4.074 99.200 4.665
201809 3.554 99.900 4.041
201812 4.003 99.700 4.561
201903 4.592 99.700 5.232
201906 4.999 99.800 5.690
201909 4.830 100.100 5.481
201912 4.774 100.500 5.396
202003 4.973 100.300 5.632
202006 4.541 99.900 5.164
202009 3.992 99.900 4.539
202012 4.492 99.300 5.139
202103 4.878 99.900 5.547
202106 4.518 99.500 5.158
202109 3.775 100.100 4.284
202112 4.095 100.100 4.647
202203 4.242 101.100 4.766
202206 4.381 101.800 4.889
202209 3.659 103.100 4.032
202212 4.038 104.100 4.407
202303 4.471 104.400 4.865
202306 4.795 105.200 5.178
202309 3.660 106.200 3.915
202312 3.986 106.800 4.240
202403 4.318 107.200 4.576
202406 4.703 108.200 4.938
202409 4.197 108.900 4.378
202412 4.673 110.700 4.795
202503 5.164 111.100 5.280
202506 6.007 111.700 6.109
202509 4.720 112.000 4.787
202512 4.567 113.000 4.591
202603 4.956 112.700 4.996
202606 5.867 113.600 5.867

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 1.37 mean?
Otsuka (FRA:OTK) has a Cyclically Adjusted PS Ratio of 1.37 as of Sep. 05, 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 Otsuka and its competitors. This is near median its historical median of 1.36. Over the past decade, Otsuka's Cyclically Adjusted PS Ratio has ranged from 0.97 to 1.78. According to the industry distribution chart, Otsuka ranks #691 out of 1579 companies in the Software industry, placing it in the top 43.8%.
Is Otsuka's Cyclically Adjusted PS Ratio too high?
Otsuka's current Cyclically Adjusted PS Ratio of 1.37 is near median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 1.78. The Software industry median Cyclically Adjusted PS Ratio is 1.65. Otsuka's value of 1.37 is 17% below this industry median. Based on the distribution chart, Otsuka ranks #691 out of 1579 companies in the Software industry, which is above the industry midpoint. Overall, Otsuka has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Otsuka's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Otsuka ranks #691 out of 1579 companies for Cyclically Adjusted PS Ratio. This puts Otsuka in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.65. Otsuka's value of 1.37 is 17% below this benchmark. Historically, Otsuka's own Cyclically Adjusted PS Ratio has ranged from 0.97 to 1.78 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 1.65, Otsuka 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.65, based on 1,579 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. Otsuka's current Cyclically Adjusted PS Ratio of 1.37 is 17% 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 Otsuka and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Otsuka's current Cyclically Adjusted PS Ratio is 1.37, which is near median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Otsuka stock overvalued right now?
Otsuka (FRA:OTK) has a current Cyclically Adjusted PS Ratio of 1.37. The stock's GF Value™ is €22.13, compared to a current price of €19.80 — trading 10.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.37, which is near median its 10-year median of 1.36 and 17% below the Software industry median of 1.65. Otsuka's overall GF Score™ is 82/100 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 Otsuka (FRA:OTK), the current Cyclically Adjusted PS Ratio is 1.37 as of Sep. 05, 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 Otsuka (FRA:OTK) Overvalued in 2026?

Based on GuruFocus' analysis, Otsuka stock appears to be undervalued. The current stock price of €19.80 is trading 10.5% below its estimated GF Value™ of €22.13.

Key valuation signals for FRA:OTK:

  • Cyclically Adjusted PS Ratio: 1.37 (near median its 10-year median of 1.36)
  • GF Value™: €22.13 vs. price of €19.80 (10.5% below fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 17% below the Software median (#691 of 1579)

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


Otsuka Business Description

Other Exchanges 4768:JapanOTK:Germany
Address 2-18-4 Iidabashi, Chiyoda-ku, Tokyo, JPN, 102-8573
Otsuka is Japan's leading one-stop provider of IT solutions and office supplies, primarily targeting small and midsize enterprises. The System Integration business sells and integrates everything from PCs and servers to the proprietary "Smile" ERP system. This is complemented by the Service & Support business, featuring the "Tanomail" office-supply mail-order service and "Tayoreru" maintenance contracts. Operating through a dense nationwide network, Otsuka functions as the outsourced IT department for companies that lack one, providing a single, trusted point of contact for all technology and office needs.
82GF Score

Get the complete analysis for FRA:OTK

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

€19.80
Price
€22.13
GF Value