Shimizu (FRA:XSZ) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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:XSZ Shimizu Corp FRA:XSZ
73 GF Score
Price €13.10
GF Value €7.78
! 2 Warning Signs
View Full Analysis

What is Shimizu Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shimizu  (FRA:XSZ) 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.


Shimizu Cyclically Adjusted PS Ratio Related Terms


Shimizu Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shimizu'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.

Shimizu Cyclically Adjusted PS Ratio Chart

Shimizu 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 0.32 0.32 0.34 0.45 0.84

Shimizu 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 0.52 0.65 0.78 0.84 0.74

FRA:XSZ vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Shimizu'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.


Shimizu Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Shimizu's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:XSZ
73GF Score
Shimizu Corp FRA:XSZ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shimizu 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.

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

For example, Shimizu'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)
=3.837/113.6000*113.6000
=3.837

Current CPI (Jun. 2026) = 113.6000.

Shimizu Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.001 98.000 4.638
201612 4.180 98.400 4.826
201703 4.930 98.100 5.709
201706 3.544 98.500 4.087
201709 3.374 98.800 3.879
201712 3.497 99.400 3.997
201803 4.498 99.200 5.151
201806 3.502 99.200 4.010
201809 3.663 99.900 4.165
201812 4.169 99.700 4.750
201903 5.242 99.700 5.973
201906 4.242 99.800 4.829
201909 4.600 100.100 5.220
201912 4.384 100.500 4.955
202003 5.010 100.300 5.674
202006 3.478 99.900 3.955
202009 3.747 99.900 4.261
202012 3.655 99.300 4.181
202103 4.369 99.900 4.968
202106 3.165 99.500 3.614
202109 3.412 100.100 3.872
202112 3.720 100.100 4.222
202203 4.974 101.100 5.589
202206 3.774 101.800 4.211
202209 4.282 103.100 4.718
202212 4.625 104.100 5.047
202303 5.832 104.400 6.346
202306 3.995 105.200 4.314
202309 4.301 106.200 4.601
202312 4.444 106.800 4.727
202403 4.818 107.200 5.106
202406 3.386 108.200 3.555
202409 3.795 108.900 3.959
202412 4.364 110.700 4.478
202503 5.565 111.100 5.690
202506 3.957 111.700 4.024
202509 3.892 112.000 3.948
202512 4.387 113.000 4.410
202603 5.052 112.700 5.092
202606 3.837 113.600 3.837

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 Shimizu (FRA:XSZ) Overvalued in 2026?

Based on GuruFocus' analysis, Shimizu stock appears to be overvalued. The current stock price of €13.10 is trading 68.4% above its estimated GF Value™ of €7.78.

Key valuation signals for FRA:XSZ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €7.78 vs. price of €13.10 (68.4% above fair value)
  • GF Score™: 73/100 with 2 warning signs

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


Shimizu Business Description

Address 2-16-1 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8370
Shimizu Corp is a Japan-based company mainly engaged in the construction business. The company operates through Construction, Investment and Development, Road Paving, and Others. It generates the majority of its revenue from the Construction segment. The Construction segment consolidates branches and headquarters engaged in construction activities.
73GF Score

Get the complete analysis for FRA:XSZ

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

€13.10
Price
€7.78
GF Value