Marutai Co (FSE:2919) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

FSE:2919 Marutai Co Ltd FSE:2919
57 GF Score
Price 円4,265.00
GF Value 円4,122.99
Valuation Fairly Valued
! 5 Warning Signs
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What is Marutai Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Marutai Co  (FSE:2919) 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.


Marutai Co Cyclically Adjusted PS Ratio Related Terms


Marutai Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Marutai 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.

Marutai Co Cyclically Adjusted PS Ratio Chart

Marutai 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 0.77 0.75 0.81 0.87 0.87

Marutai 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 0.86 0.83 0.83 0.87 0.84

FSE:2919 vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Marutai 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.


Marutai Co Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Marutai Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FSE:2919
57GF Score
Marutai Co Ltd FSE:2919
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Marutai 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.

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

For example, Marutai 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)
=1329.764/113.6000*113.6000
=1,329.764

Current CPI (Jun. 2026) = 113.6000.

Marutai Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 952.206 98.000 1,103.782
201612 1,106.954 98.400 1,277.947
201703 1,023.024 98.100 1,184.664
201706 1,014.544 98.500 1,170.073
201709 989.721 98.800 1,137.979
201712 1,190.684 99.400 1,360.782
201803 1,084.786 99.200 1,242.255
201806 1,051.394 99.200 1,204.016
201809 1,045.522 99.900 1,188.902
201812 1,161.627 99.700 1,323.579
201903 1,059.916 99.700 1,207.688
201906 1,027.608 99.800 1,169.702
201909 1,039.567 100.100 1,179.768
201912 1,245.185 100.500 1,407.493
202003 1,170.589 100.300 1,325.812
202006 1,115.262 99.900 1,268.206
202009 931.253 99.900 1,058.962
202012 1,041.827 99.300 1,191.858
202103 993.201 99.900 1,129.406
202106 1,020.192 99.500 1,164.762
202109 1,004.683 100.100 1,140.180
202112 1,081.516 100.100 1,227.375
202203 1,054.561 101.100 1,184.947
202206 1,073.475 101.800 1,197.905
202209 1,069.738 103.100 1,178.683
202212 1,136.155 104.100 1,239.839
202303 1,081.794 104.400 1,177.125
202306 1,184.171 105.200 1,278.725
202309 1,135.746 106.200 1,214.885
202312 1,263.775 106.800 1,344.240
202403 1,097.760 107.200 1,163.298
202406 1,267.034 108.200 1,330.269
202409 1,184.543 108.900 1,235.667
202412 1,340.861 110.700 1,375.987
202503 1,234.007 111.100 1,261.775
202506 1,233.459 111.700 1,254.440
202509 1,161.777 112.000 1,178.374
202512 1,364.364 113.000 1,371.608
202603 1,240.032 112.700 1,249.935
202606 1,329.764 113.600 1,329.764

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 Marutai Co (FSE:2919) Overvalued in 2026?

Based on GuruFocus' analysis, Marutai Co stock appears to be overvalued. The current stock price of 円4,265.00 is trading 3.4% above its estimated GF Value™ of 円4,122.99. GuruFocus considers Marutai Co to be Fairly Valued.

Key valuation signals for FSE:2919:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円4,122.99 vs. price of 円4,265.00 (3.4% above fair value)
  • GF Score™: 57/100 with 5 warning signs

No single metric tells the full story. See the FSE:2919 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marutai Co Business Description

Address Aomi 1042-1, Fukuoka Prefecture, Nishi-ku, Fukuoka, JPN, 819-0392
Marutai Co Ltd is a Japanese firm engaged in the production of seasonings and confectionery. It manufactures and sells noodles. Its products include ramen bars, non-fried noodles, noodle bars, stick noodles, deep-fried yakisoba, tilde, cupcake, noodle dishes, and cups.
57GF Score

Get the complete analysis for FSE:2919

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

円4,265.00
Price
円4,122.99
GF Value