KWHIF (Kawasaki Heavy Industries) Cyclically Adjusted PS Ratio: 1.22 (As of Jul. 13, 2026) — 249% Above Median


KWHIF Kawasaki Heavy Industries Ltd KWHIF
84 GF Score
Price $17.13
GF Value $9.78
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Kawasaki Heavy Industries Cyclically Adjusted PS Ratio?

Kawasaki Heavy Industries KWHIF 84 Cyclically Adjusted PS Ratio is 1.22 as of Jul. 13, 2026, which is 249% above its 10-year median of 0.35. GuruFocus rates KWHIF with a GF Score™ of 84/100 and a GF Value™ of $9.78 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 474 Conglomerates companies, Kawasaki Heavy Industries ranks worse than 62.66% on this metric.

As of today (2026-07-13), Kawasaki Heavy Industries's current share price is $17.125. Kawasaki Heavy Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $14.05. Kawasaki Heavy Industries's Cyclically Adjusted PS Ratio for today is 1.22.

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

KWHIF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.35   Max: 1.63
Current: 1.23

During the past years, Kawasaki Heavy Industries's highest Cyclically Adjusted PS Ratio was 1.63. The lowest was 0.14. And the median was 0.35.

KWHIF's Cyclically Adjusted PS Ratio is ranked worse than
62.66% of 474 companies
in the Conglomerates industry
Industry Median: 0.81 vs KWHIF: 1.23

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.

Kawasaki Heavy Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was $5.654. 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 $14.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kawasaki Heavy Industries  (OTCPK:KWHIF) 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.


Kawasaki Heavy Industries Cyclically Adjusted PS Ratio Related Terms


Kawasaki Heavy Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kawasaki Heavy Industries'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.

Kawasaki Heavy Industries Cyclically Adjusted PS Ratio Chart

Kawasaki Heavy Industries 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 0.24 0.30 0.50 0.83 1.28

Kawasaki Heavy Industries 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 0.83 1.00 0.89 0.93 1.28

KWHIF vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Kawasaki Heavy Industries'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.


Kawasaki Heavy Industries Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


KWHIF
84GF Score
Kawasaki Heavy Industries Ltd KWHIF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kawasaki Heavy Industries 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.

Kawasaki Heavy Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.125/14.05
=1.22

* 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.

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

For example, Kawasaki Heavy Industries'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)
=5.654/112.7000*112.7000
=5.654

Current CPI (Mar. 2026) = 112.7000.

Kawasaki Heavy Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.862 98.100 4.437
201609 4.204 98.000 4.835
201612 3.568 98.400 4.087
201703 5.044 98.100 5.795
201706 3.620 98.500 4.142
201709 4.046 98.800 4.615
201712 4.056 99.400 4.599
201803 5.440 99.200 6.180
201806 3.740 99.200 4.249
201809 3.678 99.900 4.149
201812 4.337 99.700 4.903
201903 5.388 99.700 6.091
201906 3.886 99.800 4.388
201909 4.295 100.100 4.836
201912 4.377 100.500 4.908
202003 5.626 100.300 6.322
202006 3.346 99.900 3.775
202009 4.045 99.900 4.563
202012 4.328 99.300 4.912
202103 5.023 99.900 5.667
202106 3.866 99.500 4.379
202109 3.529 100.100 3.973
202112 3.752 100.100 4.224
202203 4.655 101.100 5.189
202206 3.123 101.800 3.457
202209 3.412 103.100 3.730
202212 3.864 104.100 4.183
202303 4.729 104.400 5.105
202306 3.424 105.200 3.668
202309 2.940 106.200 3.120
202312 3.813 106.800 4.024
202403 4.943 107.200 5.197
202406 3.360 108.200 3.500
202409 3.675 108.900 3.803
202412 4.061 110.700 4.134
202503 5.784 111.100 5.867
202506 4.045 111.700 4.081
202509 4.110 112.000 4.136
202512 4.337 113.000 4.325
202603 5.654 112.700 5.654

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 1.22 mean?
Kawasaki Heavy Industries (KWHIF) has a Cyclically Adjusted PS Ratio of 1.22 as of Jul. 13, 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 Kawasaki Heavy Industries and its competitors. This is 249% above median its historical median of 0.35. Over the past decade, Kawasaki Heavy Industries' Cyclically Adjusted PS Ratio has ranged from 0.14 to 1.63. According to the industry distribution chart, Kawasaki Heavy Industries ranks #297 out of 474 companies in the Conglomerates industry, placing it in the top 62.7%.
Is Kawasaki Heavy Industries' Cyclically Adjusted PS Ratio too high?
Kawasaki Heavy Industries' current Cyclically Adjusted PS Ratio of 1.22 is 249% above median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 1.63. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.81. Kawasaki Heavy Industries' value of 1.22 is 50.6% above this industry median. Based on the distribution chart, Kawasaki Heavy Industries ranks #297 out of 474 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Kawasaki Heavy Industries has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kawasaki Heavy Industries' Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Conglomerates industry distribution chart, Kawasaki Heavy Industries ranks #297 out of 474 companies for Cyclically Adjusted PS Ratio. This places Kawasaki Heavy Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.81. Kawasaki Heavy Industries' value of 1.22 is 50.6% above this benchmark. Historically, Kawasaki Heavy Industries' own Cyclically Adjusted PS Ratio has ranged from 0.14 to 1.63 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.81, Kawasaki Heavy Industries 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.81, 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. Kawasaki Heavy Industries's current Cyclically Adjusted PS Ratio of 1.22 is 50.6% 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 Kawasaki Heavy Industries and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kawasaki Heavy Industries's current Cyclically Adjusted PS Ratio is 1.22, which is 249% above median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawasaki Heavy Industries stock overvalued right now?
Based on GuruFocus' analysis, Kawasaki Heavy Industries (KWHIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.78, compared to a current price of $17.13 — trading 75.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.22, which is 249% above median its 10-year median of 0.35 and 50.6% above the Conglomerates industry median of 0.81. Kawasaki Heavy Industries' overall GF Score™ is 84/100 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 Kawasaki Heavy Industries (KWHIF), the current Cyclically Adjusted PS Ratio is 1.22 as of Jul. 13, 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 Kawasaki Heavy Industries (KWHIF) Overvalued in 2026?

Based on GuruFocus' analysis, Kawasaki Heavy Industries stock appears to be overvalued. The current stock price of $17.13 is trading 75.1% above its estimated GF Value™ of $9.78. GuruFocus considers Kawasaki Heavy Industries to be Significantly Overvalued.

Key valuation signals for KWHIF:

  • Cyclically Adjusted PS Ratio: 1.22 (249% above median its 10-year median of 0.35)
  • GF Value™: $9.78 vs. price of $17.13 (75.1% above fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 50.6% above the Conglomerates median (#297 of 474)

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


Kawasaki Heavy Industries Business Description

Address 1-1-3 Higashikawasakicho, Kobe Crystal Tower, Chuo-ku, Kobe, JPN, 650-8680
Kawasaki Heavy Industries Ltd is a Japan-based conglomerate with operations in aerospace, marine, and vehicles. The company operates through six segments. The Aerospace Systems segment manufactures and sells aircraft, engines, and space-related equipment. The Energy Solutions & Marine segment provides energy equipment, hydrogen systems, marine propulsion, plants, ships, and crushers. The Power Sports & Engine segment produces motorcycles, off-road vehicles, personal watercraft, and general-purpose engines. The Precision Machinery and Robots segment offers hydraulic equipment and industrial robots. The Vehicle segment manufactures railway vehicles and snow removal machinery. The Other segment covers commerce mediation, sales, orders, and welfare facility management.
84GF Score

Get the complete analysis for KWHIF

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

$17.13
Price
$9.78
GF Value