Okuma (NGO:6103) Cyclically Adjusted PS Ratio: 1.05 (As of Jul. 27, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

NGO:6103 Okuma Corp NGO:6103
87 GF Score
Price 円3,525.00
GF Value 円2,802.93
! 5 Warning Signs
View Full Analysis

What is Okuma Cyclically Adjusted PS Ratio?

Okuma NGO:6103 87 Cyclically Adjusted PS Ratio is 1.05 as of Jul. 27, 2026, which is 6% below its 10-year median of 1.12. GuruFocus rates NGO:6103 with a GF Score™ of 87/100 and a GF Value™ of 円2,802.93. The stock has 5 warning signs investors should review. Among 2,301 Industrial Products companies, Okuma ranks better than 54.98% on this metric.

As of today (2026-07-27), Okuma's current share price is 円3525.00. Okuma's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円3,370.74. Okuma's Cyclically Adjusted PS Ratio for today is 1.05.

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

NGO:6103' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.12   Max: 1.8
Current: 1.45

During the past years, Okuma's highest Cyclically Adjusted PS Ratio was 1.80. The lowest was 0.55. And the median was 1.12.

NGO:6103's Cyclically Adjusted PS Ratio is ranked better than
54.98% of 2301 companies
in the Industrial Products industry
Industry Median: 1.71 vs NGO:6103: 1.45

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.

Okuma's adjusted revenue per share data for the three months ended in Mar. 2026 was 円1,149.627. 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3,370.74 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Okuma  (NGO:6103) 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.


Okuma Cyclically Adjusted PS Ratio Related Terms


Okuma Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Okuma'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.

Okuma Cyclically Adjusted PS Ratio Chart

Okuma 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 0.97 1.03 1.16 1.05 1.05

Okuma 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 1.05 1.12 1.03 1.09 1.05

NGO:6103 vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Okuma'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.


Okuma Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

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


NGO:6103
87GF Score
Okuma Corp NGO:6103
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Okuma 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3525.00/3370.74
=1.05

* 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.

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

For example, Okuma'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)
=1149.627/112.7000*112.7000
=1,149.627

Current CPI (Mar. 2026) = 112.7000.

Okuma Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 542.122 98.100 622.805
201609 639.157 98.000 735.031
201612 671.460 98.400 769.040
201703 684.751 98.100 786.661
201706 573.924 98.500 656.662
201709 719.598 98.800 820.837
201712 766.035 99.400 868.533
201803 781.520 99.200 887.876
201806 759.204 99.200 862.523
201809 805.375 99.900 908.566
201812 823.596 99.700 930.986
201903 919.419 99.700 1,039.303
201906 646.533 99.800 730.103
201909 768.473 100.100 865.204
201912 675.403 100.500 757.392
202003 634.946 100.300 713.444
202006 390.853 99.900 440.932
202009 526.463 99.900 593.918
202012 472.967 99.300 536.791
202103 563.841 99.900 636.085
202106 575.734 99.500 652.113
202109 649.938 100.100 731.748
202112 718.025 100.100 808.406
202203 794.353 101.100 885.495
202206 789.576 101.800 874.118
202209 955.613 103.100 1,044.593
202212 941.562 104.100 1,019.347
202303 965.981 104.400 1,042.778
202306 820.137 105.200 878.607
202309 972.302 106.200 1,031.812
202312 921.362 106.800 972.261
202403 991.021 107.200 1,041.866
202406 748.596 108.200 779.730
202409 824.478 108.900 853.248
202412 887.552 110.700 903.587
202503 955.918 111.100 969.685
202506 737.975 111.700 744.582
202509 1,001.223 112.000 1,007.481
202512 1,012.957 113.000 1,010.268
202603 1,149.627 112.700 1,149.627

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 1.05 mean?
Okuma (NGO:6103) has a Cyclically Adjusted PS Ratio of 1.05 as of Jul. 27, 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 Okuma and its competitors. This is near median its historical median of 1.12. Over the past decade, Okuma's Cyclically Adjusted PS Ratio has ranged from 0.55 to 1.80. According to the industry distribution chart, Okuma ranks #1036 out of 2301 companies in the Industrial Products industry, placing it in the top 45%.
Is Okuma's Cyclically Adjusted PS Ratio too high?
Okuma's current Cyclically Adjusted PS Ratio of 1.05 is near median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.80. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.71. Okuma's value of 1.05 is 38.6% below this industry median. Based on the distribution chart, Okuma ranks #1036 out of 2301 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Okuma has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Okuma's Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Okuma ranks #1036 out of 2301 companies for Cyclically Adjusted PS Ratio. This puts Okuma in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.71. Okuma's value of 1.05 is 38.6% below this benchmark. Historically, Okuma's own Cyclically Adjusted PS Ratio has ranged from 0.55 to 1.80 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 1.71, Okuma 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.71, based on 2,301 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. Okuma's current Cyclically Adjusted PS Ratio of 1.05 is 38.6% 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 Okuma and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Okuma's current Cyclically Adjusted PS Ratio is 1.05, which is near median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okuma stock overvalued right now?
Okuma (NGO:6103) has a current Cyclically Adjusted PS Ratio of 1.05. The stock's GF Value™ is 円2,802.93, compared to a current price of 円3,525.00 — trading 25.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.05, which is near median its 10-year median of 1.12 and 38.6% below the Industrial Products industry median of 1.71. Okuma's overall GF Score™ is 87/100 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 Okuma (NGO:6103), the current Cyclically Adjusted PS Ratio is 1.05 as of Jul. 27, 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 Okuma (NGO:6103) Overvalued in 2026?

Based on GuruFocus' analysis, Okuma stock appears to be overvalued. The current stock price of 円3,525.00 is trading 25.8% above its estimated GF Value™ of 円2,802.93.

Key valuation signals for NGO:6103:

  • Cyclically Adjusted PS Ratio: 1.05 (near median its 10-year median of 1.12)
  • GF Value™: 円2,802.93 vs. price of 円3,525.00 (25.8% above fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 38.6% below the Industrial Products median (#1036 of 2301)

No single metric tells the full story. See the NGO:6103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Okuma Business Description

Other Exchanges 6103:Japan
Address 5-25-1 Shimo-Oguchi, Ohguchi-cho Niwa-gun, Aichi, JPN, 480-0193
Okuma Corp is a Japan-based company that manufactures machine tools. The company's product portfolio comprises CNC lathes, aluminum wheel applications, horizontal multitasking machines, machining centers, and so on. In addition, the company provides other solutions including applications, system technologies, aftersales services, and others. The company has a number of subsidiaries overseas, including Okuma America Corp. (America), Okuma Europe GmbH (Germany), Okuma Machine Tool (Shanghai) Co., Ltd (China), BYJC Okuma (Beijing) Machine Tool Co., Ltd (China) and Tatung-Okuma Co., Ltd (Taiwan). In the domestic market, the company primarily operates through Nippon Seiki Shokai and Okuma Kosan Corp. The company generates around half of its revenue from overseas markets.
87GF Score

Get the complete analysis for NGO:6103

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

円3,525.00
Price
円2,802.93
GF Value