Canon (HAM:CNN1) Cyclically Adjusted PS Ratio: (As of Aug. 11, 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.

HAM:CNN1 Canon Inc HAM:CNN1
80 GF Score
Price €25.31
GF Value €20.37
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Canon Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Canon  (HAM:CNN1) 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.


Canon Cyclically Adjusted PS Ratio Related Terms


Canon Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Canon'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.

Canon Cyclically Adjusted PS Ratio Chart

Canon Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 0.79 0.96 1.30 1.11

Canon 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 1.03 1.06 1.11 1.04 0.00

HAM:CNN1 vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, Canon'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.


Canon Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Canon's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HAM:CNN1
80GF Score
Canon Inc HAM:CNN1
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canon 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.

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

For example, Canon'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)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

Canon Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.243 98.000 7.237
201612 7.223 98.400 8.339
201703 7.376 98.100 8.541
201706 7.313 98.500 8.434
201709 6.976 98.800 8.021
201712 7.759 99.400 8.867
201803 6.804 99.200 7.792
201806 7.249 99.200 8.301
201809 6.560 99.900 7.460
201812 7.678 99.700 8.748
201903 6.375 99.700 7.264
201906 6.920 99.800 7.877
201909 6.900 100.100 7.831
201912 7.388 100.500 8.351
202003 6.209 100.300 7.032
202006 5.313 99.900 6.042
202009 5.833 99.900 6.633
202012 7.158 99.300 8.189
202103 6.226 99.900 7.080
202106 6.356 99.500 7.257
202109 6.148 100.100 6.977
202112 7.102 100.100 8.060
202203 6.438 101.100 7.234
202206 6.791 101.800 7.578
202209 6.861 103.100 7.560
202212 7.959 104.100 8.685
202303 6.680 104.400 7.269
202306 6.600 105.200 7.127
202309 6.549 106.200 7.005
202312 7.491 106.800 7.968
202403 6.143 107.200 6.510
202406 7.034 108.200 7.385
202409 7.111 108.900 7.418
202412 8.176 110.700 8.390
202503 7.022 111.100 7.180
202506 7.419 111.700 7.545
202509 7.242 112.000 7.345
202512 8.008 113.000 8.051
202603 6.808 112.700 6.862
202606 0.000 113.600 0.000

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 Canon (HAM:CNN1) Overvalued in 2026?

Based on GuruFocus' analysis, Canon stock appears to be overvalued. The current stock price of €25.31 is trading 24.3% above its estimated GF Value™ of €20.37. GuruFocus considers Canon to be Modestly Overvalued.

Key valuation signals for HAM:CNN1:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €20.37 vs. price of €25.31 (24.3% above fair value)
  • GF Score™: 80/100 with 4 warning signs

No single metric tells the full story. See the HAM:CNN1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Canon Business Description

Address 30-2, Shimomaruko 3-Chome, Ota-ku, Tokyo, JPN, 146-8501
Canon Inc designs, manufactures, and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates five business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.
80GF Score

Get the complete analysis for HAM:CNN1

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

€25.31
Price
€20.37
GF Value