Mitsubishi Heavy Industries (FSE:7011) Cyclically Adjusted PS Ratio: 2.81 (As of Aug. 04, 2026) — 553% Above Median

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FSE:7011 Mitsubishi Heavy Industries Ltd FSE:7011
76 GF Score
Price 円4,500.00
GF Value 円2,724.89
! 4 Warning Signs
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What is Mitsubishi Heavy Industries Cyclically Adjusted PS Ratio?

Mitsubishi Heavy Industries FSE:7011 76 Cyclically Adjusted PS Ratio is 2.81 as of Aug. 04, 2026, which is 553% above its 10-year median of 0.43. GuruFocus rates FSE:7011 with a GF Score™ of 76/100 and a GF Value™ of 円2,724.89. The stock has 4 warning signs investors should review. Among 2,298 Industrial Products companies, Mitsubishi Heavy Industries ranks worse than 66.84% on this metric.

As of today (2026-08-04), Mitsubishi Heavy Industries's current share price is 円4500.00. Mitsubishi Heavy Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,600.95. Mitsubishi Heavy Industries's Cyclically Adjusted PS Ratio for today is 2.81.

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

FSE:7011' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.43   Max: 3.65
Current: 2.85

During the past years, Mitsubishi Heavy Industries's highest Cyclically Adjusted PS Ratio was 3.65. The lowest was 0.20. And the median was 0.43.

FSE:7011's Cyclically Adjusted PS Ratio is ranked worse than
66.84% of 2298 companies
in the Industrial Products industry
Industry Median: 1.7 vs FSE:7011: 2.85

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.

Mitsubishi Heavy Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was 円490.196. 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1,600.95 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsubishi Heavy Industries  (FSE:7011) 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.


Mitsubishi Heavy Industries Cyclically Adjusted PS Ratio Related Terms


Mitsubishi Heavy Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mitsubishi Heavy Industries'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.

Mitsubishi Heavy Industries Cyclically Adjusted PS Ratio Chart

Mitsubishi Heavy Industries 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 0.35 0.40 1.11 1.87 3.05

Mitsubishi Heavy Industries 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 1.87 2.65 2.85 2.79 3.05

FSE:7011 vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Mitsubishi Heavy Industries'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.


Mitsubishi Heavy Industries Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Heavy Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FSE:7011
76GF Score
Mitsubishi Heavy Industries Ltd FSE:7011
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsubishi Heavy Industries 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.

Mitsubishi Heavy Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4500.00/1600.95
=2.81

* 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.

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

For example, Mitsubishi Heavy Industries'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)
=490.196/112.7000*112.7000
=490.196

Current CPI (Mar. 2026) = 112.7000.

Mitsubishi Heavy Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 252.339 98.100 289.894
201609 269.010 98.000 309.362
201612 281.063 98.400 321.909
201703 363.225 98.100 417.283
201706 268.409 98.500 307.103
201709 274.795 98.800 313.455
201712 302.116 99.400 342.540
201803 368.724 99.200 418.903
201806 269.476 99.200 306.149
201809 287.397 99.900 324.221
201812 305.551 99.700 345.392
201903 350.708 99.700 396.437
201906 273.389 99.800 308.727
201909 284.919 100.100 320.783
201912 291.011 100.500 326.338
202003 352.374 100.300 395.938
202006 231.560 99.900 261.229
202009 261.823 99.900 295.370
202012 280.880 99.300 318.783
202103 326.010 99.900 367.781
202106 253.510 99.500 287.141
202109 241.968 100.100 272.426
202112 292.253 100.100 329.040
202203 361.745 101.100 403.251
202206 259.393 101.800 287.167
202209 298.785 103.100 326.606
202212 316.282 104.100 342.411
202303 376.384 104.400 406.307
202306 292.778 105.200 313.651
202309 322.837 106.200 342.596
202312 354.383 106.800 373.960
202403 415.382 107.200 436.694
202406 330.508 108.200 344.254
202409 255.027 108.900 263.926
202412 469.497 110.700 477.979
202503 440.147 111.100 446.486
202506 355.330 111.700 358.511
202509 273.843 112.000 275.555
202512 361.052 113.000 360.093
202603 490.196 112.700 490.196

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 2.81 mean?
Mitsubishi Heavy Industries (FSE:7011) has a Cyclically Adjusted PS Ratio of 2.81 as of Aug. 04, 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 Mitsubishi Heavy Industries and its competitors. This is 553% above median its historical median of 0.43. Over the past decade, Mitsubishi Heavy Industries' Cyclically Adjusted PS Ratio has ranged from 0.20 to 3.65. According to the industry distribution chart, Mitsubishi Heavy Industries ranks #1536 out of 2298 companies in the Industrial Products industry, placing it in the top 66.8%.
Is Mitsubishi Heavy Industries' Cyclically Adjusted PS Ratio too high?
Mitsubishi Heavy Industries' current Cyclically Adjusted PS Ratio of 2.81 is 553% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 3.65. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.70. Mitsubishi Heavy Industries' value of 2.81 is 65.3% above this industry median. Based on the distribution chart, Mitsubishi Heavy Industries ranks #1536 out of 2298 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mitsubishi Heavy Industries has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Heavy Industries' Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mitsubishi Heavy Industries ranks #1536 out of 2298 companies for Cyclically Adjusted PS Ratio. This places Mitsubishi Heavy Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.70. Mitsubishi Heavy Industries' value of 2.81 is 65.3% above this benchmark. Historically, Mitsubishi Heavy Industries' own Cyclically Adjusted PS Ratio has ranged from 0.20 to 3.65 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 1.70, Mitsubishi Heavy Industries 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.70, based on 2,298 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. Mitsubishi Heavy Industries's current Cyclically Adjusted PS Ratio of 2.81 is 65.3% 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 Mitsubishi Heavy Industries and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Heavy Industries's current Cyclically Adjusted PS Ratio is 2.81, which is 553% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Heavy Industries stock overvalued right now?
Mitsubishi Heavy Industries (FSE:7011) has a current Cyclically Adjusted PS Ratio of 2.81. The stock's GF Value™ is 円2,724.89, compared to a current price of 円4,500.00 — trading 65.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.81, which is 553% above median its 10-year median of 0.43 and 65.3% above the Industrial Products industry median of 1.70. Mitsubishi Heavy Industries' overall GF Score™ is 76/100 with 4 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 Mitsubishi Heavy Industries (FSE:7011), the current Cyclically Adjusted PS Ratio is 2.81 as of Aug. 04, 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 Mitsubishi Heavy Industries (FSE:7011) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Heavy Industries stock appears to be overvalued. The current stock price of 円4,500.00 is trading 65.1% above its estimated GF Value™ of 円2,724.89.

Key valuation signals for FSE:7011:

  • Cyclically Adjusted PS Ratio: 2.81 (553% above median its 10-year median of 0.43)
  • GF Value™: 円2,724.89 vs. price of 円4,500.00 (65.1% above fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 65.3% above the Industrial Products median (#1536 of 2298)

No single metric tells the full story. See the FSE:7011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsubishi Heavy Industries Business Description

Address 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, JPN, 100-8332
Mitsubishi Heavy Industries is a diversified industrial and engineering group that was founded in 1884 and reorganized in 1950. It operates across four segments: energy systems; plants and infrastructure; logistics, thermal and drive systems; and aircraft, defense and space. MHI is a global leader in large gas turbines and energy services, and a key domestic supplier of aerospace and defense systems. Its end markets include energy infrastructure, industrial equipment, transport, and defense, with a growing focus on decarbonization technologies such as hydrogen- and ammonia-capable turbines. The company employs about 77,000 people globally.
76GF Score

Get the complete analysis for FSE:7011

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

円4,500.00
Price
円2,724.89
GF Value