HNWAF (Hanwa Co) Cyclically Adjusted PS Ratio: 0.14 (As of Jul. 16, 2026) — 56% Above Median

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HNWAF Hanwa Co Ltd HNWAF
51 GF Score
Price $10.79
GF Value $7.36
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Hanwa Co Cyclically Adjusted PS Ratio?

Hanwa Co HNWAF -1.55% 51 Cyclically Adjusted PS Ratio is 0.14 as of Jul. 16, 2026, which is 56% above its 10-year median of 0.09. GuruFocus rates HNWAF with a GF Score™ of 51/100 and a GF Value™ of $7.36 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 474 Conglomerates companies, Hanwa Co ranks better than 89.24% on this metric.

As of today (2026-07-16), Hanwa Co's current share price is $10.79. Hanwa Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $75.85. Hanwa Co's Cyclically Adjusted PS Ratio for today is 0.14.

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

HNWAF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.09   Max: 0.16
Current: 0.15

During the past years, Hanwa Co's highest Cyclically Adjusted PS Ratio was 0.16. The lowest was 0.04. And the median was 0.09.

HNWAF's Cyclically Adjusted PS Ratio is ranked better than
89.24% of 474 companies
in the Conglomerates industry
Industry Median: 0.8 vs HNWAF: 0.15

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.

Hanwa Co's adjusted revenue per share data for the three months ended in Mar. 2026 was $22.175. 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 $75.85 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hanwa Co  (OTCPK:HNWAF) 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.


Hanwa Co Cyclically Adjusted PS Ratio Related Terms


Hanwa Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hanwa 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.

Hanwa Co Cyclically Adjusted PS Ratio Chart

Hanwa 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 0.07 0.08 0.12 0.09 0.13

Hanwa Co 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 0.09 0.10 0.11 0.13 0.13

HNWAF vs HON, MMM: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Hanwa 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.


Hanwa Co Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


HNWAF
51GF Score
Hanwa Co Ltd HNWAF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hanwa 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.

Hanwa Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.79/75.85
=0.14

* 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.

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

For example, Hanwa Co'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)
=22.175/112.7000*112.7000
=22.175

Current CPI (Mar. 2026) = 112.7000.

Hanwa Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 16.094 98.100 18.489
201609 17.309 98.000 19.905
201612 15.943 98.400 18.260
201703 18.094 98.100 20.787
201706 18.120 98.500 20.732
201709 19.041 98.800 21.720
201712 20.462 99.400 23.200
201803 22.487 99.200 25.547
201806 22.245 99.200 25.272
201809 22.279 99.900 25.134
201812 24.272 99.700 27.437
201903 22.865 99.700 25.846
201906 21.515 99.800 24.296
201909 21.674 100.100 24.402
201912 21.530 100.500 24.144
202003 22.133 100.300 24.869
202006 17.185 99.900 19.387
202009 19.828 99.900 22.369
202012 21.049 99.300 23.889
202103 22.662 99.900 25.566
202106 20.230 99.500 22.914
202109 23.577 100.100 26.545
202112 24.244 100.100 27.296
202203 25.856 101.100 28.823
202206 24.453 101.800 27.071
202209 23.130 103.100 25.284
202212 24.970 104.100 27.033
202303 23.740 104.400 25.627
202306 21.194 105.200 22.705
202309 19.715 106.200 20.922
202312 21.359 106.800 22.539
202403 19.871 107.200 20.891
202406 19.362 108.200 20.167
202409 22.156 108.900 22.929
202412 21.280 110.700 21.664
202503 21.085 111.100 21.389
202506 22.001 111.700 22.198
202509 21.592 112.000 21.727
202512 22.099 113.000 22.040
202603 22.175 112.700 22.175

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 0.14 mean?
Hanwa Co (HNWAF) has a Cyclically Adjusted PS Ratio of 0.14 as of Jul. 16, 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 Hanwa Co and its competitors. This is 56% above median its historical median of 0.09. Over the past decade, Hanwa Co's Cyclically Adjusted PS Ratio has ranged from 0.04 to 0.16. According to the industry distribution chart, Hanwa Co ranks #51 out of 474 companies in the Conglomerates industry, placing it in the top 10.8%.
Is Hanwa Co's Cyclically Adjusted PS Ratio too high?
Hanwa Co's current Cyclically Adjusted PS Ratio of 0.14 is 56% above median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.16. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.80. Hanwa Co's value of 0.14 is 82.5% below this industry median. Based on the distribution chart, Hanwa Co ranks #51 out of 474 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Hanwa Co has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hanwa Co's Cyclically Adjusted PS Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Hanwa Co ranks #51 out of 474 companies for Cyclically Adjusted PS Ratio. This places Hanwa Co in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.80. Hanwa Co's value of 0.14 is 82.5% below this benchmark. Historically, Hanwa Co's own Cyclically Adjusted PS Ratio has ranged from 0.04 to 0.16 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 0.80, Hanwa Co has consistently been below 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.80, based on 474 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. Hanwa Co's current Cyclically Adjusted PS Ratio of 0.14 is 82.5% below 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 Hanwa Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hanwa Co's current Cyclically Adjusted PS Ratio is 0.14, which is 56% above median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanwa Co stock overvalued right now?
Based on GuruFocus' analysis, Hanwa Co (HNWAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.36, compared to a current price of $10.79 — trading 46.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.14, which is 56% above median its 10-year median of 0.09 and 82.5% below the Conglomerates industry median of 0.80. Hanwa Co's overall GF Score™ is 51/100 with 3 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 Hanwa Co (HNWAF), the current Cyclically Adjusted PS Ratio is 0.14 as of Jul. 16, 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 Hanwa Co (HNWAF) Overvalued in 2026?

Based on GuruFocus' analysis, Hanwa Co stock appears to be overvalued. The current stock price of $10.79 is trading 46.6% above its estimated GF Value™ of $7.36. GuruFocus considers Hanwa Co to be Significantly Overvalued.

Key valuation signals for HNWAF:

  • Cyclically Adjusted PS Ratio: 0.14 (56% above median its 10-year median of 0.09)
  • GF Value™: $7.36 vs. price of $10.79 (46.6% above fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 82.5% below the Conglomerates median (#51 of 474)

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


Hanwa Co Business Description

Other Exchanges 8078:JapanHW4:Germany
Address 1-13-1, Tsukiji, Chuo-ku, Ginza Shochiku Square Building, Tokyo, JPN, 104-8429
Hanwa Co Ltd is a Japan-based trading company with seven segments. The steel segment handles steel products and building materials. The metals and alloys segment supplies chromium, manganese, and other metals. The nonferrous metals segment recycles aluminum, copper, nickel, and chromium. The food products segment handles seafood. The petroleum and chemicals segment trades petroleum products and others. The overseas sales subsidiaries segment comprises Hanwa's overseas subsidiaries in North America and Asia. The other business segment imports forest products and handles amusement facilities and industrial machinery. Steel, petroleum and chemicals, and metals and alloys are the three largest segments by revenue contribution. Hanwa generates most of its revenue from Japanese domestic market.
51GF Score

Get the complete analysis for HNWAF

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

$10.79
Price
$7.36
GF Value