KAJMY (Kajima) Cyclically Adjusted PS Ratio: 0.82 (As of Sep. 22, 2026) — 67% Above Median

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KAJMY Kajima Corp KAJMY
76 GF Score
Price $33.00
GF Value $22.01
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Kajima Cyclically Adjusted PS Ratio?

Kajima KAJMY +4.53% 76 Cyclically Adjusted PS Ratio is 0.82 as of Sep. 22, 2026, which is 67% above its 10-year median of 0.49. GuruFocus rates KAJMY with a GF Score™ of 76/100 and a GF Value™ of $22.01 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,377 Construction companies, Kajima ranks worse than 60.57% on this metric.

As of today (2026-09-22), Kajima's current share price is $33.00. Kajima's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $40.28. Kajima's Cyclically Adjusted PS Ratio for today is 0.82.

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

KAJMY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.49   Max: 1.46
Current: 0.98

During the past years, Kajima's highest Cyclically Adjusted PS Ratio was 1.46. The lowest was 0.29. And the median was 0.49.

KAJMY's Cyclically Adjusted PS Ratio is ranked worse than
60.57% of 1377 companies
in the Construction industry
Industry Median: 0.7 vs KAJMY: 0.98

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.

Kajima's adjusted revenue per share data for the three months ended in Jun. 2026 was $8.646. 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 $40.28 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kajima  (OTCPK:KAJMY) 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.


Kajima Cyclically Adjusted PS Ratio Related Terms


Kajima Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kajima'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.

Kajima Cyclically Adjusted PS Ratio Chart

Kajima 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 0.33 0.32 0.52 0.52 0.87

Kajima 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 0.65 0.70 0.93 0.95 0.90

KAJMY vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Kajima'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.


Kajima Cyclically Adjusted PS Ratio vs Construction Industry

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

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


KAJMY
76GF Score
Kajima Corp KAJMY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kajima 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.

Kajima's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=33.00/40.277
=0.82

* 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.

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

For example, Kajima'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)
=8.646/113.6000*113.6000
=8.646

Current CPI (Jun. 2026) = 113.6000.

Kajima Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.953 98.000 9.219
201612 7.470 98.400 8.624
201703 9.918 98.100 11.485
201706 6.949 98.500 8.014
201709 7.323 98.800 8.420
201712 8.684 99.400 9.925
201803 8.882 99.200 10.171
201806 7.364 99.200 8.433
201809 8.313 99.900 9.453
201812 8.671 99.700 9.880
201903 9.956 99.700 11.344
201906 7.515 99.800 8.554
201909 9.453 100.100 10.728
201912 8.798 100.500 9.945
202003 10.264 100.300 11.625
202006 7.996 99.900 9.093
202009 8.669 99.900 9.858
202012 8.940 99.300 10.227
202103 9.666 99.900 10.992
202106 8.242 99.500 9.410
202109 9.146 100.100 10.379
202112 9.279 100.100 10.530
202203 10.337 101.100 11.615
202206 7.829 101.800 8.736
202209 9.365 103.100 10.319
202212 8.876 104.100 9.686
202303 9.921 104.400 10.795
202306 8.781 105.200 9.482
202309 10.384 106.200 11.108
202312 9.678 106.800 10.294
202403 9.386 107.200 9.946
202406 8.265 108.200 8.677
202409 10.084 108.900 10.519
202412 9.824 110.700 10.081
202503 12.342 111.100 12.620
202506 9.566 111.700 9.729
202509 10.530 112.000 10.680
202512 10.770 113.000 10.827
202603 12.601 112.700 12.702
202606 8.646 113.600 8.646

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 0.82 mean?
Kajima (KAJMY) has a Cyclically Adjusted PS Ratio of 0.82 as of Sep. 22, 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 Kajima and its competitors. This is 67% above median its historical median of 0.49. Over the past decade, Kajima's Cyclically Adjusted PS Ratio has ranged from 0.29 to 1.46. According to the industry distribution chart, Kajima ranks #834 out of 1377 companies in the Construction industry, placing it in the top 60.6%.
Is Kajima's Cyclically Adjusted PS Ratio too high?
Kajima's current Cyclically Adjusted PS Ratio of 0.82 is 67% above median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.46. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Kajima's value of 0.82 is 17.1% above this industry median. Based on the distribution chart, Kajima ranks #834 out of 1377 companies in the Construction industry, which is below the industry midpoint. Overall, Kajima has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kajima's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Kajima ranks #834 out of 1377 companies for Cyclically Adjusted PS Ratio. This places Kajima in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Kajima's value of 0.82 is 17.1% above this benchmark. Historically, Kajima's own Cyclically Adjusted PS Ratio has ranged from 0.29 to 1.46 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.70, Kajima 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 a Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,377 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. Kajima's current Cyclically Adjusted PS Ratio of 0.82 is 17.1% 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 Kajima and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kajima's current Cyclically Adjusted PS Ratio is 0.82, which is 67% above median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kajima stock overvalued right now?
Based on GuruFocus' analysis, Kajima (KAJMY) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.01, compared to a current price of $33.00 — trading 49.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.82, which is 67% above median its 10-year median of 0.49 and 17.1% above the Construction industry median of 0.70. Kajima's overall GF Score™ is 76/100 with 1 warning sign 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 Kajima (KAJMY), the current Cyclically Adjusted PS Ratio is 0.82 as of Sep. 22, 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 Kajima (KAJMY) Overvalued in 2026?

Based on GuruFocus' analysis, Kajima stock appears to be overvalued. The current stock price of $33.00 is trading 49.9% above its estimated GF Value™ of $22.01. GuruFocus considers Kajima to be Significantly Overvalued.

Key valuation signals for KAJMY:

  • Cyclically Adjusted PS Ratio: 0.82 (67% above median its 10-year median of 0.49)
  • GF Value™: $22.01 vs. price of $33.00 (49.9% above fair value)
  • GF Score™: 76/100 with 1 warning sign
  • Industry Position: 17.1% above the Construction median (#834 of 1377)

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


Kajima Business Description

Other Exchanges 1812:JapanKAJ:Germany
Address 3-1, Motoakasaka 1-chome, Minato-ku, Tokyo, JPN, 107-8388
Kajima Corp provides civil engineering and project management for multiple industries. It works in multiple phases, from planning and development to maintenance and renovation. The company constructs skyscrapers, power plants, office buildings, and other large structures. It enters into contracts to complete construction work at the designated site and add the necessary improvements. The company has five reportable segments: civil engineering, building business, real estate development, and other domestic subsidiaries, and overseas subsidiaries. The company utilizes research and development for all segments and allows engineers to receive training and enhance expertise through various programs. Japan accounts for the majority of the total revenue.
76GF Score

Get the complete analysis for KAJMY

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

$33.00
Price
$22.01
GF Value