Hitachi (NGO:6501) Cyclically Adjusted PS Ratio: 1.97 (As of Jul. 26, 2026) — 228% Above 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:6501 Hitachi Ltd NGO:6501
82 GF Score
Price 円4,725.00
GF Value 円4,157.40
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Hitachi Cyclically Adjusted PS Ratio?

Hitachi NGO:6501 82 Cyclically Adjusted PS Ratio is 1.97 as of Jul. 26, 2026, which is 228% above its 10-year median of 0.60. GuruFocus rates NGO:6501 with a GF Score™ of 82/100 and a GF Value™ of 円4,157.40 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 471 Conglomerates companies, Hitachi ranks worse than 76.43% on this metric.

As of today (2026-07-26), Hitachi's current share price is 円4725.00. Hitachi's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,397.91. Hitachi's Cyclically Adjusted PS Ratio for today is 1.97.

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

NGO:6501' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.6   Max: 2.4
Current: 2.18

During the past years, Hitachi's highest Cyclically Adjusted PS Ratio was 2.40. The lowest was 0.19. And the median was 0.60.

NGO:6501's Cyclically Adjusted PS Ratio is ranked worse than
76.43% of 471 companies
in the Conglomerates industry
Industry Median: 0.76 vs NGO:6501: 2.18

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.

Hitachi's adjusted revenue per share data for the three months ended in Mar. 2026 was 円679.124. 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2,397.91 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hitachi  (NGO:6501) 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.


Hitachi Cyclically Adjusted PS Ratio Related Terms


Hitachi Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hitachi'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.

Hitachi Cyclically Adjusted PS Ratio Chart

Hitachi 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 0.61 0.69 1.30 1.57 2.00

Hitachi 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 1.57 1.90 1.78 2.19 2.00

NGO:6501 vs HON, MMM: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Hitachi'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.


Hitachi Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


NGO:6501
82GF Score
Hitachi Ltd NGO:6501
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hitachi 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4725.00/2397.91
=1.97

* 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.

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

For example, Hitachi'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)
=679.124/112.7000*112.7000
=679.124

Current CPI (Mar. 2026) = 112.7000.

Hitachi Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 441.253 98.100 506.924
201609 460.329 98.000 529.378
201612 448.325 98.400 513.478
201703 547.223 98.100 628.665
201706 432.262 98.500 494.578
201709 473.429 98.800 540.035
201712 475.460 99.400 539.078
201803 557.704 99.200 633.601
201806 448.178 99.200 509.170
201809 481.320 99.900 542.991
201812 474.543 99.700 536.419
201903 557.955 99.700 630.707
201906 420.443 99.800 474.789
201909 452.740 100.100 509.728
201912 439.643 100.500 493.013
202003 501.332 100.300 563.311
202006 329.723 99.900 371.970
202009 447.897 99.900 505.285
202012 458.844 99.300 520.763
202103 568.161 99.900 640.958
202106 489.359 99.500 554.279
202109 509.538 100.100 573.676
202112 519.609 100.100 585.014
202203 603.028 101.100 672.218
202206 532.419 101.800 589.427
202209 597.463 103.100 653.095
202212 572.704 104.100 620.017
202303 591.222 104.400 638.225
202306 495.559 105.200 530.889
202309 566.802 106.200 601.493
202312 486.997 106.800 513.900
202403 541.110 107.200 568.872
202406 478.336 108.200 498.230
202409 504.951 108.900 522.571
202412 534.497 110.700 544.154
202503 602.039 111.100 610.709
202506 493.249 111.700 497.665
202509 553.831 112.000 557.292
202512 601.784 113.000 600.186
202603 679.124 112.700 679.124

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 1.97 mean?
Hitachi (NGO:6501) has a Cyclically Adjusted PS Ratio of 1.97 as of Jul. 26, 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 Hitachi and its competitors. This is 228% above median its historical median of 0.60. Over the past decade, Hitachi's Cyclically Adjusted PS Ratio has ranged from 0.19 to 2.40. According to the industry distribution chart, Hitachi ranks #360 out of 471 companies in the Conglomerates industry, placing it in the top 76.4%.
Is Hitachi's Cyclically Adjusted PS Ratio too high?
Hitachi's current Cyclically Adjusted PS Ratio of 1.97 is 228% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 2.40. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.76. Hitachi's value of 1.97 is 159.2% above this industry median. Based on the distribution chart, Hitachi ranks #360 out of 471 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Hitachi has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hitachi's Cyclically Adjusted PS Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Hitachi ranks #360 out of 471 companies for Cyclically Adjusted PS Ratio. This places Hitachi in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Hitachi's value of 1.97 is 159.2% above this benchmark. Historically, Hitachi's own Cyclically Adjusted PS Ratio has ranged from 0.19 to 2.40 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.76, Hitachi 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.76, based on 471 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. Hitachi's current Cyclically Adjusted PS Ratio of 1.97 is 159.2% 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 Hitachi and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hitachi's current Cyclically Adjusted PS Ratio is 1.97, which is 228% above median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hitachi stock overvalued right now?
Based on GuruFocus' analysis, Hitachi (NGO:6501) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,157.40, compared to a current price of 円4,725.00 — trading 13.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.97, which is 228% above median its 10-year median of 0.60 and 159.2% above the Conglomerates industry median of 0.76. Hitachi's overall GF Score™ is 82/100 with 2 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 Hitachi (NGO:6501), the current Cyclically Adjusted PS Ratio is 1.97 as of Jul. 26, 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 Hitachi (NGO:6501) Overvalued in 2026?

Based on GuruFocus' analysis, Hitachi stock appears to be overvalued. The current stock price of 円4,725.00 is trading 13.7% above its estimated GF Value™ of 円4,157.40. GuruFocus considers Hitachi to be Modestly Overvalued.

Key valuation signals for NGO:6501:

  • Cyclically Adjusted PS Ratio: 1.97 (228% above median its 10-year median of 0.60)
  • GF Value™: 円4,157.40 vs. price of 円4,725.00 (13.7% above fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 159.2% above the Conglomerates median (#360 of 471)

No single metric tells the full story. See the NGO:6501 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hitachi Business Description

Address 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8280
Hitachi Ltd is engaged in diverse businesses spanning industries, energy, IT, and real estate. The company operates through four business segments. The Connective Industries segment covers elevators, escalators, home appliances, air conditioning, semiconductor manufacturing equipment, medical analyzers, industrial and distribution solutions, water and environmental solutions, and industrial equipment. The Digital Systems & Services segment offers system integration, consulting, cloud services, IT products, software, and ATMs. The Green Energy & Mobility segment focuses on power grids, renewable energy, nuclear power, and railway systems. The Others include real estate management, sales, and leasing. It generates the majority of its revenue from the Green Energy & Mobility segment.
82GF Score

Get the complete analysis for NGO:6501

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

円4,725.00
Price
円4,157.40
GF Value