HTCMF (Hitachi Construction Machinery Co) Cyclically Adjusted PS Ratio: 0.93 (As of Jul. 12, 2026) — 16% Above Median


HTCMF Hitachi Construction Machinery Co Ltd HTCMF
76 GF Score
Price $32.90
GF Value $27.92
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Hitachi Construction Machinery Co Cyclically Adjusted PS Ratio?

Hitachi Construction Machinery Co HTCMF -1.11% 76 Cyclically Adjusted PS Ratio is 0.93 as of Jul. 12, 2026, which is 16% above its 10-year median of 0.80. GuruFocus rates HTCMF with a GF Score™ of 76/100 and a GF Value™ of $27.92 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 169 Farm & Heavy Construction Machinery companies, Hitachi Construction Machinery Co ranks better than 55.03% on this metric.

As of today (2026-07-12), Hitachi Construction Machinery Co's current share price is $32.90. Hitachi Construction Machinery Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $35.29. Hitachi Construction Machinery Co's Cyclically Adjusted PS Ratio for today is 0.93.

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

HTCMF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.8   Max: 1.27
Current: 0.94

During the past years, Hitachi Construction Machinery Co's highest Cyclically Adjusted PS Ratio was 1.27. The lowest was 0.47. And the median was 0.80.

HTCMF's Cyclically Adjusted PS Ratio is ranked better than
55.03% of 169 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.04 vs HTCMF: 0.94

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.

Hitachi Construction Machinery Co's adjusted revenue per share data for the three months ended in Mar. 2026 was $12.624. 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 $35.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hitachi Construction Machinery Co  (OTCPK:HTCMF) 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.


Hitachi Construction Machinery Co Cyclically Adjusted PS Ratio Related Terms


Hitachi Construction Machinery Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co Cyclically Adjusted PS Ratio Chart

Hitachi Construction Machinery 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 0.76 0.68 0.93 0.75 0.94

Hitachi Construction Machinery 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 0.75 0.80 0.87 0.84 0.94

HTCMF vs CAT, DE, PCAR: Cyclically Adjusted PS Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Hitachi Construction Machinery 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.


Hitachi Construction Machinery Co Cyclically Adjusted PS Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hitachi Construction Machinery Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HTCMF
76GF Score
Hitachi Construction Machinery Co Ltd HTCMF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=32.90/35.29
=0.93

* 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.

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

For example, Hitachi Construction Machinery 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)
=12.624/112.7000*112.7000
=12.624

Current CPI (Mar. 2026) = 112.7000.

Hitachi Construction Machinery Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 7.200 98.100 8.272
201609 8.022 98.000 9.225
201612 6.975 98.400 7.989
201703 10.284 98.100 11.815
201706 8.967 98.500 10.260
201709 9.711 98.800 11.077
201712 10.144 99.400 11.501
201803 12.205 99.200 13.866
201806 10.263 99.200 11.660
201809 10.496 99.900 11.841
201812 10.594 99.700 11.975
201903 12.291 99.700 13.894
201906 10.212 99.800 11.532
201909 10.751 100.100 12.104
201912 8.906 100.500 9.987
202003 10.664 100.300 11.982
202006 7.438 99.900 8.391
202009 8.495 99.900 9.583
202012 8.963 99.300 10.173
202103 11.015 99.900 12.426
202106 9.743 99.500 11.036
202109 10.482 100.100 11.801
202112 10.190 100.100 11.473
202203 12.079 101.100 13.465
202206 9.392 101.800 10.398
202209 10.219 103.100 11.171
202212 11.288 104.100 12.221
202303 12.742 104.400 13.755
202306 10.645 105.200 11.404
202309 11.262 106.200 11.951
202312 11.308 106.800 11.933
202403 12.101 107.200 12.722
202406 9.775 108.200 10.182
202409 11.101 108.900 11.488
202412 9.950 110.700 10.130
202503 11.986 111.100 12.159
202506 9.962 111.700 10.051
202509 11.060 112.000 11.129
202512 9.807 113.000 9.781
202603 12.624 112.700 12.624

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 0.93 mean?
Hitachi Construction Machinery Co (HTCMF) has a Cyclically Adjusted PS Ratio of 0.93 as of Jul. 12, 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 Hitachi Construction Machinery Co and its competitors. This is 16% above median its historical median of 0.80. Over the past decade, Hitachi Construction Machinery Co's Cyclically Adjusted PS Ratio has ranged from 0.47 to 1.27. According to the industry distribution chart, Hitachi Construction Machinery Co ranks #76 out of 169 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 45%.
Is Hitachi Construction Machinery Co's Cyclically Adjusted PS Ratio too high?
Hitachi Construction Machinery Co's current Cyclically Adjusted PS Ratio of 0.93 is 16% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.27. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PS Ratio is 1.04. Hitachi Construction Machinery Co's value of 0.93 is 10.6% below this industry median. Based on the distribution chart, Hitachi Construction Machinery Co ranks #76 out of 169 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Hitachi Construction Machinery Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hitachi Construction Machinery Co's Cyclically Adjusted PS Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Hitachi Construction Machinery Co ranks #76 out of 169 companies for Cyclically Adjusted PS Ratio. This puts Hitachi Construction Machinery Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.04. Hitachi Construction Machinery Co's value of 0.93 is 10.6% below this benchmark. Historically, Hitachi Construction Machinery Co's own Cyclically Adjusted PS Ratio has ranged from 0.47 to 1.27 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.04, Hitachi Construction Machinery 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PS Ratio among Farm & Heavy Construction Machinery companies is 1.04, based on 169 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. Hitachi Construction Machinery Co's current Cyclically Adjusted PS Ratio of 0.93 is 10.6% 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 Hitachi Construction Machinery Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PS Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hitachi Construction Machinery Co's current Cyclically Adjusted PS Ratio is 0.93, which is 16% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hitachi Construction Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Hitachi Construction Machinery Co (HTCMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.92, compared to a current price of $32.90 — trading 17.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.93, which is 16% above median its 10-year median of 0.80 and 10.6% below the Farm & Heavy Construction Machinery industry median of 1.04. Hitachi Construction Machinery Co's overall GF Score™ is 76/100 with 2 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 Hitachi Construction Machinery Co (HTCMF), the current Cyclically Adjusted PS Ratio is 0.93 as of Jul. 12, 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 Hitachi Construction Machinery Co (HTCMF) Overvalued in 2026?

Based on GuruFocus' analysis, Hitachi Construction Machinery Co stock appears to be overvalued. The current stock price of $32.90 is trading 17.8% above its estimated GF Value™ of $27.92. GuruFocus considers Hitachi Construction Machinery Co to be Modestly Overvalued.

Key valuation signals for HTCMF:

  • Cyclically Adjusted PS Ratio: 0.93 (16% above median its 10-year median of 0.80)
  • GF Value™: $27.92 vs. price of $32.90 (17.8% above fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 10.6% below the Farm & Heavy Construction Machinery median (#76 of 169)

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


Hitachi Construction Machinery Co Business Description

Address 16-1, Higashiueno 2-chome, Taito-ku, Tokyo, JPN, 110-0015
Hitachi Construction Machinery manufactures and sells construction and mining machinery, and provides related services such as parts supply, rentals, and others. HCM was established in 1970 as a subsidiary of Hitachi, but its origins date back to 1949 when it introduced Japan's first mechanical excavator. The company's main products include hydraulic excavators for mining and construction, rigid dump trucks, and wheel loaders. As of August 2022, Hitachi is no longer the parent company of HCM, after selling 26% of its stake to HCJI Holdings, a joint venture between Itochu and Japan Industrial Partners. Currently, Hitachi has a 25.42% stake in Hitachi Construction Machinery as an equity-method affiliate. HCM is based in Tokyo.
76GF Score

Get the complete analysis for HTCMF

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

$32.90
Price
$27.92
GF Value