Maruhachi Holdings Co (NGO:3504) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

NGO:3504 Maruhachi Holdings Co Ltd NGO:3504
60 GF Score
Price 円1,370.00
GF Value 円898.56
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Maruhachi Holdings Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Maruhachi Holdings Co  (NGO:3504) 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.


Maruhachi Holdings Co Cyclically Adjusted PS Ratio Related Terms


Maruhachi Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Maruhachi Holdings Co'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.

Maruhachi Holdings Co Cyclically Adjusted PS Ratio Chart

Maruhachi Holdings Co 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 - 0.67 0.93 0.82 1.15

Maruhachi Holdings Co 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 0.82 0.92 1.07 1.14 1.37

NGO:3504 vs SN, SGI, MHK: Cyclically Adjusted PS Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Maruhachi Holdings Co'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.


Maruhachi Holdings Co Cyclically Adjusted PS Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Maruhachi Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NGO:3504
60GF Score
Maruhachi Holdings Co Ltd NGO:3504
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maruhachi Holdings Co 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.

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

For example, Maruhachi Holdings Co'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)
=206.035/113.6000*113.6000
=206.035

Current CPI (Jun. 2026) = 113.6000.

Maruhachi Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 334.867 98.000 388.172
201612 345.877 98.400 399.305
201703 274.136 98.100 317.450
201706 306.265 98.500 353.215
201709 314.043 98.800 361.086
201712 292.942 99.400 334.791
201803 232.205 99.200 265.912
201806 247.160 99.200 283.038
201809 233.401 99.900 265.409
201812 268.288 99.700 305.692
201903 209.950 99.700 239.221
201906 216.678 99.800 246.639
201909 230.673 100.100 261.783
201912 238.384 100.500 269.457
202003 190.212 100.300 215.435
202006 202.637 99.900 230.426
202009 206.537 99.900 234.861
202012 245.940 99.300 281.357
202103 171.919 99.900 195.495
202106 200.698 99.500 229.139
202109 190.130 100.100 215.772
202112 227.661 100.100 258.365
202203 176.662 101.100 198.504
202206 196.335 101.800 219.093
202209 178.642 103.100 196.835
202212 233.795 104.100 255.131
202303 172.331 104.400 187.517
202306 206.661 105.200 223.162
202309 182.880 106.200 195.623
202312 211.570 106.800 225.041
202403 162.234 107.200 171.920
202406 202.134 108.200 212.222
202409 180.713 108.900 188.512
202412 218.217 110.700 223.934
202503 166.014 111.100 169.750
202506 192.312 111.700 195.583
202509 180.915 112.000 183.500
202512 213.646 113.000 214.780
202603 176.921 112.700 178.334
202606 206.035 113.600 206.035

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 Maruhachi Holdings Co (NGO:3504) Overvalued in 2026?

Based on GuruFocus' analysis, Maruhachi Holdings Co stock appears to be overvalued. The current stock price of 円1,370.00 is trading 52.5% above its estimated GF Value™ of 円898.56. GuruFocus considers Maruhachi Holdings Co to be Significantly Overvalued.

Key valuation signals for NGO:3504:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円898.56 vs. price of 円1,370.00 (52.5% above fair value)
  • GF Score™: 60/100 with 6 warning signs

No single metric tells the full story. See the NGO:3504 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maruhachi Holdings Co Business Description

Address Kohoku 3-8-12 8th Floor, Kanagawa-ku, Yokohama, Yubinbango, Yokohama, JPN, 222-0033
Maruhachi Holdings Co Ltd manufactures and sells bedding products including bedding feathers, wool bedding, & fur bedding; and also offers curtains. It is also engaged in real estate leasing business.
60GF Score

Get the complete analysis for NGO:3504

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

円1,370.00
Price
円898.56
GF Value