Canon (MEX:CAJN) Cyclically Adjusted PS Ratio: (As of Aug. 12, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.

MEX:CAJN Canon Inc MEX:CAJN
80 GF Score
Price MXN484.50
GF Value MXN390.04
! 4 Warning Signs
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What is Canon Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Canon  (MEX:CAJN) 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.


Canon Cyclically Adjusted PS Ratio Related Terms


Canon Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Canon'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.

Canon Cyclically Adjusted PS Ratio Chart

Canon Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 0.79 0.96 1.30 1.11

Canon 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 1.03 1.06 1.11 1.04 0.00

MEX:CAJN vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, Canon'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.


Canon Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


MEX:CAJN
80GF Score
Canon Inc MEX:CAJN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Canon 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.

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

For example, Canon'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)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

Canon Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 135.479 98.000 157.045
201612 157.083 98.400 181.348
201703 148.534 98.100 172.003
201706 148.529 98.500 171.298
201709 150.889 98.800 173.492
201712 180.325 99.400 206.086
201803 152.429 99.200 174.556
201806 166.390 99.200 190.543
201809 143.170 99.900 162.804
201812 171.519 99.700 195.432
201903 139.722 99.700 159.202
201906 150.204 99.800 170.974
201909 150.016 100.100 170.248
201912 154.817 100.500 174.997
202003 160.868 100.300 182.199
202006 138.114 99.900 157.055
202009 151.785 99.900 172.600
202012 173.213 99.300 198.157
202103 151.510 99.900 172.288
202106 152.442 99.500 174.044
202109 148.714 100.100 168.770
202112 164.624 100.100 186.826
202203 141.174 101.100 158.629
202206 144.414 101.800 161.154
202209 136.640 103.100 150.556
202212 164.382 104.100 179.383
202303 128.916 104.400 140.276
202306 122.586 105.200 132.374
202309 121.741 106.200 130.224
202312 138.658 106.800 147.486
202403 110.821 107.200 117.437
202406 138.702 108.200 145.624
202409 155.408 108.900 162.115
202412 178.553 110.700 183.231
202503 155.299 111.100 158.794
202506 161.132 111.700 163.873
202509 155.931 112.000 158.159
202512 168.835 113.000 169.731
202603 141.926 112.700 143.059
202606 0.000 113.600 0.000

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 Canon (MEX:CAJN) Overvalued in 2026?

Based on GuruFocus' analysis, Canon stock appears to be overvalued. The current stock price of MXN484.50 is trading 24.2% above its estimated GF Value™ of MXN390.04.

Key valuation signals for MEX:CAJN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN390.04 vs. price of MXN484.50 (24.2% above fair value)
  • GF Score™: 80/100 with 4 warning signs

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


Canon Business Description

Address 30-2, Shimomaruko 3-Chome, Ota-ku, Tokyo, JPN, 146-8501
Canon Inc designs, manufactures, and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates five business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.
80GF Score

Get the complete analysis for MEX:CAJN

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

MXN484.50
Price
MXN390.04
GF Value