Sala (NGO:2734) Cyclically Adjusted PS Ratio: 0.35 (As of Aug. 12, 2026) — 84% Above Median

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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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Founder & CEO of GuruFocus
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NGO:2734 Sala Corp NGO:2734
62 GF Score
Price 円1,161.00
GF Value 円752.34
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Sala Cyclically Adjusted PS Ratio?

Sala NGO:2734 62 Cyclically Adjusted PS Ratio is 0.35 as of Aug. 12, 2026, which is 84% above its 10-year median of 0.19. GuruFocus rates NGO:2734 with a GF Score™ of 62/100 and a GF Value™ of 円752.34 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 461 Conglomerates companies, Sala ranks better than 75.05% on this metric.

As of today (2026-08-12), Sala's current share price is 円1161.00. Sala's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was 円3,275.10. Sala's Cyclically Adjusted PS Ratio for today is 0.35.

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

NGO:2734' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.19   Max: 0.31
Current: 0.29

During the past years, Sala's highest Cyclically Adjusted PS Ratio was 0.31. The lowest was 0.13. And the median was 0.19.

NGO:2734's Cyclically Adjusted PS Ratio is ranked better than
75.05% of 461 companies
in the Conglomerates industry
Industry Median: 0.8 vs NGO:2734: 0.29

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.

Sala's adjusted revenue per share data for the three months ended in May. 2026 was 円991.279. 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 円3,275.10 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sala  (NGO:2734) 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.


Sala Cyclically Adjusted PS Ratio Related Terms


Sala Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sala'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.

Sala Cyclically Adjusted PS Ratio Chart

Sala Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.21 0.19 0.00 0.29

Sala Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
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 0.00 0.26 0.29 0.32 0.25

NGO:2734 vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Sala'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.


Sala Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


NGO:2734
62GF Score
Sala Corp NGO:2734
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sala 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1161.00/3275.10
=0.35

* 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.

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

For example, Sala's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=991.279/113.5000*113.5000
=991.279

Current CPI (May. 2026) = 113.5000.

Sala Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201602 789.293 97.800 916.000
201605 902.867 98.200 1,043.538
201608 566.139 97.900 656.351
201611 893.940 98.600 1,029.028
201702 892.540 98.100 1,032.653
201705 908.426 98.600 1,045.703
201708 669.561 98.500 771.525
201711 832.560 99.100 953.537
201802 844.903 99.500 963.784
201805 926.351 99.300 1,058.820
201808 745.950 99.800 848.350
201811 885.014 100.000 1,004.491
201902 824.338 99.700 938.439
201905 911.994 100.000 1,035.113
201908 761.535 100.000 864.342
201911 957.498 100.500 1,081.353
202002 856.243 100.300 968.929
202005 920.539 100.100 1,043.768
202008 743.891 100.100 843.473
202011 864.088 99.500 985.668
202102 833.328 99.800 947.723
202105 970.055 99.400 1,107.658
202108 847.277 99.700 964.553
202111 948.747 100.100 1,075.752
202202 918.036 100.700 1,034.728
202205 938.517 101.800 1,046.382
202208 857.909 102.700 948.127
202211 969.045 103.900 1,058.581
202302 1,005.517 104.000 1,097.367
202305 967.692 105.100 1,045.034
202308 865.000 105.900 927.077
202311 950.242 106.900 1,008.910
202402 925.235 106.900 982.359
202405 930.708 108.100 977.200
202411 0.000 110.000 0.000
202505 0.000 111.800 0.000
202508 867.210 112.100 878.040
202511 1,006.277 113.200 1,008.944
202602 1,031.871 112.200 1,043.827
202605 991.279 113.500 991.279

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 0.35 mean?
Sala (NGO:2734) has a Cyclically Adjusted PS Ratio of 0.35 as of Aug. 12, 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 Sala and its competitors. This is 84% above median its historical median of 0.19. Over the past decade, Sala's Cyclically Adjusted PS Ratio has ranged from 0.13 to 0.31. According to the industry distribution chart, Sala ranks #115 out of 461 companies in the Conglomerates industry, placing it in the top 24.9%.
Is Sala's Cyclically Adjusted PS Ratio too high?
Sala's current Cyclically Adjusted PS Ratio of 0.35 is 84% above median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.31. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.80. Sala's value of 0.35 is 56.3% below this industry median. Based on the distribution chart, Sala ranks #115 out of 461 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Sala has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sala's Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Sala ranks #115 out of 461 companies for Cyclically Adjusted PS Ratio. This places Sala in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.80. Sala's value of 0.35 is 56.3% below this benchmark. Historically, Sala's own Cyclically Adjusted PS Ratio has ranged from 0.13 to 0.31 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.80, Sala has consistently been below 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 0.80, based on 461 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. Sala's current Cyclically Adjusted PS Ratio of 0.35 is 56.3% below 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 Sala and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sala's current Cyclically Adjusted PS Ratio is 0.35, which is 84% above median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sala stock overvalued right now?
Based on GuruFocus' analysis, Sala (NGO:2734) is currently considered Significantly Overvalued. The stock's GF Value™ is 円752.34, compared to a current price of 円1,161.00 — trading 54.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.35, which is 84% above median its 10-year median of 0.19 and 56.3% below the Conglomerates industry median of 0.80. Sala's overall GF Score™ is 62/100 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 Sala (NGO:2734), the current Cyclically Adjusted PS Ratio is 0.35 as of Aug. 12, 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 Sala (NGO:2734) Overvalued in 2026?

Based on GuruFocus' analysis, Sala stock appears to be overvalued. The current stock price of 円1,161.00 is trading 54.3% above its estimated GF Value™ of 円752.34. GuruFocus considers Sala to be Significantly Overvalued.

Key valuation signals for NGO:2734:

  • Cyclically Adjusted PS Ratio: 0.35 (84% above median its 10-year median of 0.19)
  • GF Value™: 円752.34 vs. price of 円1,161.00 (54.3% above fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 56.3% below the Conglomerates median (#115 of 461)

No single metric tells the full story. See the NGO:2734 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sala Business Description

Other Exchanges 2734:Japan
Address Sala Tower, 1-55 Ekimae-odori, Aichi Prefecture, Toyohashi, JPN, 440-8533
Sala Corp is a holding company engaged in the management and operation of subsidiaries. The company operates in Energy and Solutions, Car Life Support, Housing, Engineering and Maintenance, Animal Health Care, and Properties businesses.
62GF Score

Get the complete analysis for NGO:2734

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

円1,161.00
Price
円752.34
GF Value