Shimadzu (HAM:HDZ) Cyclically Adjusted PS Ratio: (As of Sep. 04, 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.
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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:HDZ Shimadzu Corp HAM:HDZ
35 GF Score
Price €20.80
GF Value €25.28
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Shimadzu Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shimadzu  (HAM:HDZ) 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.


Shimadzu Cyclically Adjusted PS Ratio Related Terms


Shimadzu Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shimadzu'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.

Shimadzu Cyclically Adjusted PS Ratio Chart

Shimadzu 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 3.43 3.09 2.94 2.40 2.26

Shimadzu 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 2.27 2.35 2.57 2.26 0.00

HAM:HDZ vs GRMN, COHR, KEYS: Cyclically Adjusted PS Ratio Comparison

For the Scientific & Technical Instruments subindustry, Shimadzu'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.


Shimadzu Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


HAM:HDZ
35GF Score
Shimadzu Corp HAM:HDZ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shimadzu 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.

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

For example, Shimadzu'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)
=3.056/330.2130*330.2130
=3.056

Current CPI (Mar. 2026) = 330.2130.

Shimadzu Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.998 241.018 2.737
201609 2.525 241.428 3.454
201612 2.261 241.432 3.092
201703 2.982 243.801 4.039
201706 2.063 244.955 2.781
201709 2.473 246.819 3.309
201712 2.316 246.524 3.102
201803 2.939 249.554 3.889
201806 2.261 251.989 2.963
201809 2.523 252.439 3.300
201812 2.536 251.233 3.333
201903 3.054 254.202 3.967
201906 2.246 256.143 2.895
201909 3.030 256.759 3.897
201912 2.594 256.974 3.333
202003 3.034 258.115 3.881
202006 2.247 257.797 2.878
202009 2.691 260.280 3.414
202012 2.615 260.474 3.315
202103 3.080 264.877 3.840
202106 2.412 271.696 2.931
202109 2.822 274.310 3.397
202112 2.739 278.802 3.244
202203 3.179 287.504 3.651
202206 2.364 296.311 2.634
202209 2.948 296.808 3.280
202212 2.792 296.797 3.106
202303 3.386 301.836 3.704
202306 2.420 305.109 2.619
202309 2.802 307.789 3.006
202312 2.725 306.746 2.933
202403 3.048 312.332 3.222
202406 2.335 314.175 2.454
202409 2.874 315.301 3.010
202412 2.810 315.605 2.940
202503 3.278 319.799 3.385
202506 2.459 322.561 2.517
202509 2.752 324.800 2.798
202512 2.699 324.054 2.750
202603 3.056 330.213 3.056

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 Shimadzu (HAM:HDZ) Overvalued in 2026?

Based on GuruFocus' analysis, Shimadzu stock appears to be undervalued. The current stock price of €20.80 is trading 17.7% below its estimated GF Value™ of €25.28. GuruFocus considers Shimadzu to be Modestly Undervalued.

Key valuation signals for HAM:HDZ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €25.28 vs. price of €20.80 (17.7% below fair value)
  • GF Score™: 35/100 with 1 warning sign

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


Shimadzu Business Description

Address 1 Nishinokyo Kuwabaracho, Nakagyo-ku, Kyoto, JPN, 604-8511
Shimadzu Corp is a Japan-based company engaged in the manufacture of precision instruments, measuring equipment, and medical devices. The firm operates in four segments: Aviation Equipment, Industrial Equipment, Measuring Equipment, Medical Equipment, and Others. It generates the majority of its revenue from the Measuring Equipment segment, which is engaged in the provision of X-ray television (TV) systems, angiography systems, X-ray imaging systems, and others.
35GF Score

Get the complete analysis for HAM:HDZ

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

€20.80
Price
€25.28
GF Value