Yonex Co (FRA:W2M) Cyclically Adjusted PS Ratio: (As of Jul. 17, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:W2M Yonex Co Ltd FRA:W2M
89 GF Score
Price €14.20
GF Value €15.21
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What is Yonex Co Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yonex Co  (FRA:W2M) 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.


Yonex Co Cyclically Adjusted PS Ratio Related Terms


Yonex Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Yonex 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.

Yonex Co Cyclically Adjusted PS Ratio Chart

Yonex 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 1.58 1.91 1.32 2.44 2.65

Yonex 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 2.44 2.85 3.62 3.05 2.65

FRA:W2M vs : Cyclically Adjusted PS Ratio Comparison

For the Leisure subindustry, Yonex 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.


Yonex Co Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Yonex Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:W2M
89GF Score
Yonex Co Ltd FRA:W2M
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yonex 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.

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

For example, Yonex 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)
=504.842/112.7000*112.7000
=504.842

Current CPI (Mar. 2026) = 112.7000.

Yonex Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 174.741 98.100 200.747
201609 183.335 98.000 210.835
201612 158.946 98.400 182.045
201703 180.678 98.100 207.568
201706 181.852 98.500 208.068
201709 186.660 98.800 212.921
201712 159.668 99.400 181.032
201803 182.671 99.200 207.530
201806 165.233 99.200 187.719
201809 184.361 99.900 207.983
201812 161.996 99.700 183.119
201903 186.938 99.700 211.313
201906 168.018 99.800 189.736
201909 195.791 100.100 220.436
201912 168.754 100.500 189.240
202003 175.685 100.300 197.405
202006 93.681 99.900 105.684
202009 158.698 99.900 179.032
202012 155.569 99.300 176.562
202103 180.886 99.900 204.063
202106 184.758 99.500 209.269
202109 212.530 100.100 239.282
202112 219.727 100.100 247.385
202203 234.937 101.100 261.893
202206 271.568 101.800 300.646
202209 302.365 103.100 330.519
202212 338.672 104.100 366.651
202303 314.215 104.400 339.196
202306 321.190 105.200 344.089
202309 340.705 106.200 361.558
202312 317.229 106.800 334.754
202403 361.411 107.200 379.954
202406 359.098 108.200 374.033
202409 414.495 108.900 428.959
202412 403.308 110.700 410.595
202503 423.987 111.100 430.093
202506 466.572 111.700 470.749
202509 464.183 112.000 467.084
202512 478.904 113.000 477.633
202603 504.842 112.700 504.842

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 Yonex Co (FRA:W2M) Overvalued in 2026?

Based on GuruFocus' analysis, Yonex Co stock appears to be undervalued. The current stock price of €14.20 is trading 6.6% below its estimated GF Value™ of €15.21.

Key valuation signals for FRA:W2M:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €15.21 vs. price of €14.20 (6.6% below fair value)
  • GF Score™: 89/100

No single metric tells the full story. See the FRA:W2M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yonex Co Business Description

Comparable Companies
Other Exchanges YONXF:USA7906:Japan
Address 3-23-13 Yushima, Bunkyo-ku, Tokyo, JPN, 113-8543
Yonex Co Ltd is a Japan based company engaged in manufacture and sale of sporting goods and golf course management. It produces Badminton Equipment, Tennis, Soft Tennis Equipment, and Golf Equipment. The Badminton Equipment includes Racquets, shuttlecocks, strings, apparel, shoes, bags, etc.; The Tennis, Soft Tennis Equipment includes Racquets, strings, apparel, shoes, bags, balls, etc. and Golf Equipment includes Woods, irons, putters, shafts, apparel, shoes, bags, accessories, etc. It has four geographical segments Japan, North America, Europe, and Asia.
89GF Score

Get the complete analysis for FRA:W2M

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

€14.20
Price
€15.21
GF Value