Canon (NEOE:CANO) Cyclically Adjusted PS Ratio: (As of Sep. 05, 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.

NEOE:CANO Canon Inc NEOE:CANO
64 GF Score
Price C$9.03
GF Value C$8.66
Valuation Fairly Valued
! 5 Warning Signs
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What is Canon Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Canon  (NEOE:CANO) 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

NEOE:CANO 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.


NEOE:CANO
64GF Score
Canon Inc NEOE:CANO
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 9.184 98.000 10.646
201612 10.163 98.400 11.733
201703 10.560 98.100 12.229
201706 10.924 98.500 12.599
201709 10.209 98.800 11.738
201712 11.724 99.400 13.399
201803 10.851 99.200 12.426
201806 11.114 99.200 12.727
201809 9.976 99.900 11.344
201812 11.737 99.700 13.373
201903 9.631 99.700 10.974
201906 10.391 99.800 11.828
201909 10.062 100.100 11.419
201912 10.810 100.500 12.219
202003 9.577 100.300 10.847
202006 8.109 99.900 9.221
202009 9.090 99.900 10.337
202012 11.154 99.300 12.760
202103 9.316 99.900 10.594
202106 9.358 99.500 10.684
202109 9.164 100.100 10.400
202112 10.272 100.100 11.657
202203 8.976 101.100 10.086
202206 9.191 101.800 10.256
202209 9.061 103.100 9.984
202212 11.454 104.100 12.499
202303 9.786 104.400 10.648
202306 9.500 105.200 10.259
202309 9.457 106.200 10.116
202312 10.959 106.800 11.657
202403 9.039 107.200 9.579
202406 10.376 108.200 10.894
202409 10.691 108.900 11.152
202412 12.197 110.700 12.517
202503 10.898 111.100 11.143
202506 11.696 111.700 11.895
202509 11.759 112.000 11.927
202512 12.935 113.000 13.004
202603 10.798 112.700 10.884
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 (NEOE:CANO) Overvalued in 2026?

Based on GuruFocus' analysis, Canon stock appears to be overvalued. The current stock price of C$9.03 is trading 4.3% above its estimated GF Value™ of C$8.66. GuruFocus considers Canon to be Fairly Valued.

Key valuation signals for NEOE:CANO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: C$8.66 vs. price of C$9.03 (4.3% above fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the NEOE:CANO 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.
64GF Score

Get the complete analysis for NEOE:CANO

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

C$9.03
Price
C$8.66
GF Value