MBS (FSE:1401) Cyclically Adjusted PS Ratio: 2.11 (As of Jul. 29, 2026) — 18% Below 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.

FSE:1401 MBS Inc FSE:1401
20 GF Score
Price 円1,070.00
GF Value 円1,307.18
! 1 Warning Sign
View Full Analysis

What is MBS Cyclically Adjusted PS Ratio?

MBS FSE:1401 20 Cyclically Adjusted PS Ratio is 2.11 as of Jul. 29, 2026, which is 18% below its 10-year median of 2.58. GuruFocus rates FSE:1401 with a GF Score™ of 20/100 and a GF Value™ of 円1,307.18. The stock has 1 warning sign investors should review. Among 1,357 Construction companies, MBS ranks worse than 80.91% on this metric.

As of today (2026-07-29), MBS's current share price is 円1070.00. MBS's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was 円506.90. MBS's Cyclically Adjusted PS Ratio for today is 2.11.

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

FSE:1401' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.56   Med: 2.58   Max: 3.17
Current: 2.11

During the past years, MBS's highest Cyclically Adjusted PS Ratio was 3.17. The lowest was 1.56. And the median was 2.58.

FSE:1401's Cyclically Adjusted PS Ratio is ranked worse than
80.91% of 1357 companies
in the Construction industry
Industry Median: 0.7 vs FSE:1401: 2.11

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.

MBS's adjusted revenue per share data for the three months ended in Feb. 2026 was 円150.930. 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 円506.90 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MBS  (FSE:1401) 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.


MBS Cyclically Adjusted PS Ratio Related Terms


MBS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for MBS'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.

MBS Cyclically Adjusted PS Ratio Chart

MBS Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.76 2.49 1.56 0.00 0.00

MBS Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
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 0.00 2.16 0.00 2.11 0.00

FSE:1401 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, MBS'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.


MBS Cyclically Adjusted PS Ratio vs Construction Industry

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

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


FSE:1401
20GF Score
MBS Inc FSE:1401
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MBS 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1070.00/506.90
=2.11

* 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.

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

For example, MBS's adjusted Revenue per Share data for the three months ended in Feb. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=150.93/112.2000*112.2000
=150.930

Current CPI (Feb. 2026) = 112.2000.

MBS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201511 76.696 98.100 87.720
201602 76.374 97.800 87.619
201605 94.977 98.200 108.518
201608 67.601 97.900 77.475
201611 97.980 98.600 111.494
201702 75.039 98.100 85.824
201705 114.227 98.600 129.982
201708 99.292 98.500 113.102
201711 85.127 99.100 96.380
201802 78.119 99.500 88.090
201805 133.754 99.300 151.130
201808 79.093 99.800 88.920
201811 139.723 100.000 156.769
201902 89.224 99.700 100.411
201905 127.204 100.000 142.723
201908 89.754 100.000 100.704
201911 133.841 100.500 149.422
202002 103.363 100.300 115.626
202005 110.740 100.100 124.126
202008 67.624 100.100 75.798
202011 102.182 99.500 115.224
202102 82.277 99.800 92.500
202105 192.786 99.400 217.612
202108 84.649 99.700 95.262
202111 133.497 100.100 149.634
202202 122.103 100.700 136.047
202205 184.337 101.800 203.169
202208 91.954 102.700 100.460
202211 141.793 103.900 153.120
202302 122.044 104.000 131.667
202305 173.467 105.100 185.186
202308 137.979 105.900 146.187
202311 147.161 106.900 154.457
202402 136.237 106.900 142.992
202405 161.769 108.100 167.905
202411 0.000 110.000 0.000
202505 0.000 111.800 0.000
202508 154.456 112.100 154.594
202511 0.000 113.200 0.000
202602 150.930 112.200 150.930

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 2.11 mean?
MBS (FSE:1401) has a Cyclically Adjusted PS Ratio of 2.11 as of Jul. 29, 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 MBS and its competitors. This is 18% below median its historical median of 2.58. Over the past decade, MBS's Cyclically Adjusted PS Ratio has ranged from 1.56 to 3.17. According to the industry distribution chart, MBS ranks #1098 out of 1357 companies in the Construction industry, placing it in the top 80.9%.
Is MBS's Cyclically Adjusted PS Ratio too high?
MBS's current Cyclically Adjusted PS Ratio of 2.11 is 18% below median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 3.17. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. MBS's value of 2.11 is 201.4% above this industry median. Based on the distribution chart, MBS ranks #1098 out of 1357 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, MBS has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does MBS's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, MBS ranks #1098 out of 1357 companies for Cyclically Adjusted PS Ratio. This places MBS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. MBS's value of 2.11 is 201.4% above this benchmark. Historically, MBS's own Cyclically Adjusted PS Ratio has ranged from 1.56 to 3.17 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 0.70, MBS 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,357 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. MBS's current Cyclically Adjusted PS Ratio of 2.11 is 201.4% 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 MBS and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MBS's current Cyclically Adjusted PS Ratio is 2.11, which is 18% below median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MBS stock overvalued right now?
MBS (FSE:1401) has a current Cyclically Adjusted PS Ratio of 2.11. The stock's GF Value™ is 円1,307.18, compared to a current price of 円1,070.00 — trading 18.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.11, which is 18% below median its 10-year median of 2.58 and 201.4% above the Construction industry median of 0.70. MBS's overall GF Score™ is 20/100 with 1 warning sign 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 MBS (FSE:1401), the current Cyclically Adjusted PS Ratio is 2.11 as of Jul. 29, 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 MBS (FSE:1401) Overvalued in 2026?

Based on GuruFocus' analysis, MBS stock appears to be undervalued. The current stock price of 円1,070.00 is trading 18.1% below its estimated GF Value™ of 円1,307.18.

Key valuation signals for FSE:1401:

  • Cyclically Adjusted PS Ratio: 2.11 (18% below median its 10-year median of 2.58)
  • GF Value™: 円1,307.18 vs. price of 円1,070.00 (18.1% below fair value)
  • GF Score™: 20/100 with 1 warning sign
  • Industry Position: 201.4% above the Construction median (#1098 of 1357)

No single metric tells the full story. See the FSE:1401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MBS Business Description

Other Exchanges 1401:Japan
Address Yamaguchi Prefecture, Ube, JPN, 1173-162
MBS Inc is a Japanese firm engaged in exterior and interior decoration of houses and buildings. It develops and sells functional paint and offers construction work. It also provides disaster prevention coating.
20GF Score

Get the complete analysis for FSE:1401

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

円1,070.00
Price
円1,307.18
GF Value