MFG (Mizuho Financial Group) Cyclically Adjusted PS Ratio: 6.59 (As of Aug. 05, 2026) — 258% Above Median

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MFG Mizuho Financial Group Inc MFG
63 GF Score
Price $10.34
GF Value $5.80
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Mizuho Financial Group Cyclically Adjusted PS Ratio?

Mizuho Financial Group MFG +0.78% 63 Cyclically Adjusted PS Ratio is 6.59 as of Aug. 05, 2026, which is 258% above its 10-year median of 1.84. GuruFocus rates MFG with a GF Scoreâ„¢ of 63/100 and a GF Valueâ„¢ of $5.80 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,299 Banks companies, Mizuho Financial Group ranks worse than 89.45% on this metric.

As of today (2026-08-05), Mizuho Financial Group's current share price is $10.34. Mizuho Financial Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $1.57. Mizuho Financial Group's Cyclically Adjusted PS Ratio for today is 6.59.

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

MFG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.18   Med: 1.84   Max: 7.19
Current: 6.73

During the past years, Mizuho Financial Group's highest Cyclically Adjusted PS Ratio was 7.19. The lowest was 1.18. And the median was 1.84.

MFG's Cyclically Adjusted PS Ratio is ranked worse than
89.45% of 1299 companies
in the Banks industry
Industry Median: 3.41 vs MFG: 6.73

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.

Mizuho Financial Group's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.680. 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 $1.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mizuho Financial Group  (NYSE:MFG) 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.


Mizuho Financial Group Cyclically Adjusted PS Ratio Related Terms


Mizuho Financial Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mizuho Financial Group'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.

Mizuho Financial Group Cyclically Adjusted PS Ratio Chart

Mizuho Financial Group 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 1.62 1.87 2.90 3.60 5.06

Mizuho Financial Group 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 3.60 3.47 4.23 4.67 5.06

Mizuho Financial Group Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Mizuho Financial Group'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.


Mizuho Financial Group Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Mizuho Financial Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MFG
63GF Score
Mizuho Financial Group Inc MFG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mizuho Financial Group 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.

Mizuho Financial Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.34/1.57
=6.59

* 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.

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

For example, Mizuho Financial Group'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)
=0.68/112.7000*112.7000
=0.680

Current CPI (Mar. 2026) = 112.7000.

Mizuho Financial Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.256 98.100 0.294
201609 0.659 98.000 0.758
201612 0.457 98.400 0.523
201703 0.392 98.100 0.450
201706 0.401 98.500 0.459
201709 0.420 98.800 0.479
201712 0.372 99.400 0.422
201803 0.460 99.200 0.523
201806 0.458 99.200 0.520
201809 0.440 99.900 0.496
201812 0.388 99.700 0.439
201903 0.268 99.700 0.303
201906 0.428 99.800 0.483
201909 0.447 100.100 0.503
201912 0.421 100.500 0.472
202003 0.391 100.300 0.439
202006 0.468 99.900 0.528
202009 0.445 99.900 0.502
202012 0.451 99.300 0.512
202103 0.460 99.900 0.519
202106 0.438 99.500 0.496
202109 0.493 100.100 0.555
202112 0.469 100.100 0.528
202203 0.362 101.100 0.404
202206 0.382 101.800 0.423
202209 0.372 103.100 0.407
202212 0.391 104.100 0.423
202303 0.401 104.400 0.433
202306 0.388 105.200 0.416
202309 0.395 106.200 0.419
202312 0.420 106.800 0.443
202403 0.405 107.200 0.426
202406 0.462 108.200 0.481
202409 0.521 108.900 0.539
202412 0.496 110.700 0.505
202503 0.520 111.100 0.527
202506 0.492 111.700 0.496
202509 0.560 112.000 0.564
202512 0.555 113.000 0.554
202603 0.680 112.700 0.680

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 6.59 mean?
Mizuho Financial Group (MFG) has a Cyclically Adjusted PS Ratio of 6.59 as of Aug. 05, 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 Mizuho Financial Group and its competitors. This is 258% above median its historical median of 1.84. Over the past decade, Mizuho Financial Group's Cyclically Adjusted PS Ratio has ranged from 1.18 to 7.19. According to the industry distribution chart, Mizuho Financial Group ranks #1162 out of 1299 companies in the Banks industry, placing it in the top 89.5%.
Is Mizuho Financial Group's Cyclically Adjusted PS Ratio too high?
Mizuho Financial Group's current Cyclically Adjusted PS Ratio of 6.59 is 258% above median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 7.19. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. Mizuho Financial Group's value of 6.59 is 93.3% above this industry median. Based on the distribution chart, Mizuho Financial Group ranks #1162 out of 1299 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Mizuho Financial Group has a GF Scoreâ„¢ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mizuho Financial Group's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Mizuho Financial Group ranks #1162 out of 1299 companies for Cyclically Adjusted PS Ratio. This places Mizuho Financial Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.41. Mizuho Financial Group's value of 6.59 is 93.3% above this benchmark. Historically, Mizuho Financial Group's own Cyclically Adjusted PS Ratio has ranged from 1.18 to 7.19 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 3.41, Mizuho Financial Group 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.41, based on 1,299 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. Mizuho Financial Group's current Cyclically Adjusted PS Ratio of 6.59 is 93.3% 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 Mizuho Financial Group and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mizuho Financial Group's current Cyclically Adjusted PS Ratio is 6.59, which is 258% above median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mizuho Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Mizuho Financial Group (MFG) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.80, compared to a current price of $10.34 — trading 78.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.59, which is 258% above median its 10-year median of 1.84 and 93.3% above the Banks industry median of 3.41. Mizuho Financial Group's overall GF Score™ is 63/100 with 5 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 Mizuho Financial Group (MFG), the current Cyclically Adjusted PS Ratio is 6.59 as of Aug. 05, 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 Mizuho Financial Group (MFG) Overvalued in 2026?

Based on GuruFocus' analysis, Mizuho Financial Group stock appears to be overvalued. The current stock price of $10.34 is trading 78.3% above its estimated GF Value™ of $5.80. GuruFocus considers Mizuho Financial Group to be Significantly Overvalued.

Key valuation signals for MFG:

  • Cyclically Adjusted PS Ratio: 6.59 (258% above median its 10-year median of 1.84)
  • GF Value™: $5.80 vs. price of $10.34 (78.3% above fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 93.3% above the Banks median (#1162 of 1299)

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


Mizuho Financial Group Business Description

Address 1-5-5, Otemachi, Otemachi Tower, Chiyoda-ku, Tokyo, JPN, 100-8176
Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers, which own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.
63GF Score

Get the complete analysis for MFG

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

$10.34
Price
$5.80
GF Value