NICFF (Nichias) Cyclically Adjusted PS Ratio: 2.74 (As of Jul. 18, 2026) — 169% Above Median

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NICFF Nichias Corp NICFF
70 GF Score
Price $22.13
GF Value $11.82
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nichias Cyclically Adjusted PS Ratio?

Nichias NICFF 70 Cyclically Adjusted PS Ratio is 2.74 as of Jul. 18, 2026, which is 169% above its 10-year median of 1.02. GuruFocus rates NICFF with a GF Score™ of 70/100 and a GF Value™ of $11.82 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 474 Conglomerates companies, Nichias ranks worse than 81.22% on this metric.

As of today (2026-07-18), Nichias's current share price is $22.125. Nichias's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $8.08. Nichias's Cyclically Adjusted PS Ratio for today is 2.74.

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

NICFF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.02   Max: 3.31
Current: 2.7

During the past years, Nichias's highest Cyclically Adjusted PS Ratio was 3.31. The lowest was 0.64. And the median was 1.02.

NICFF's Cyclically Adjusted PS Ratio is ranked worse than
81.22% of 474 companies
in the Conglomerates industry
Industry Median: 0.79 vs NICFF: 2.70

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.

Nichias's adjusted revenue per share data for the three months ended in Mar. 2026 was $2.207. 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 $8.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nichias  (OTCPK:NICFF) 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.


Nichias Cyclically Adjusted PS Ratio Related Terms


Nichias Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nichias'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.

Nichias Cyclically Adjusted PS Ratio Chart

Nichias 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 0.90 0.88 1.26 1.34 2.39

Nichias Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 1.34 1.58 1.57 1.89 2.39

NICFF vs HON, MMM: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Nichias'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.


Nichias Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


NICFF
70GF Score
Nichias Corp NICFF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nichias 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.125/8.08
=2.74

* 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.

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

For example, Nichias'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)
=2.207/112.7000*112.7000
=2.207

Current CPI (Mar. 2026) = 112.7000.

Nichias Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 2.050 97.900 2.360
201606 1.815 98.100 2.085
201609 2.196 98.000 2.525
201612 1.921 98.400 2.200
201703 2.191 98.100 2.517
201706 1.977 98.500 2.262
201709 2.141 98.800 2.442
201712 2.147 99.400 2.434
201803 2.656 99.200 3.017
201806 2.390 99.200 2.715
201809 2.414 99.900 2.723
201812 2.415 99.700 2.730
201903 2.487 99.700 2.811
201906 2.203 99.800 2.488
201909 2.506 100.100 2.821
201912 2.375 100.500 2.663
202003 2.628 100.300 2.953
202006 2.011 99.900 2.269
202009 2.204 99.900 2.486
202012 2.387 99.300 2.709
202103 2.667 99.900 3.009
202106 2.386 99.500 2.703
202109 2.338 100.100 2.632
202112 2.485 100.100 2.798
202203 2.391 101.100 2.665
202206 2.049 101.800 2.268
202209 2.065 103.100 2.257
202212 2.339 104.100 2.532
202303 2.323 104.400 2.508
202306 2.104 105.200 2.254
202309 2.068 106.200 2.195
202312 2.270 106.800 2.395
202403 2.160 107.200 2.271
202409 0.000 108.900 0.000
202412 2.190 110.700 2.230
202503 2.178 111.100 2.209
202506 2.229 111.700 2.249
202509 2.138 112.000 2.151
202512 2.084 113.000 2.078
202603 2.207 112.700 2.207

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 2.74 mean?
Nichias (NICFF) has a Cyclically Adjusted PS Ratio of 2.74 as of Jul. 18, 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 Nichias and its competitors. This is 169% above median its historical median of 1.02. Over the past decade, Nichias' Cyclically Adjusted PS Ratio has ranged from 0.64 to 3.31. According to the industry distribution chart, Nichias ranks #385 out of 474 companies in the Conglomerates industry, placing it in the top 81.2%.
Is Nichias' Cyclically Adjusted PS Ratio too high?
Nichias' current Cyclically Adjusted PS Ratio of 2.74 is 169% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 3.31. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.79. Nichias' value of 2.74 is 246.8% above this industry median. Based on the distribution chart, Nichias ranks #385 out of 474 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Nichias has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nichias' Cyclically Adjusted PS Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Nichias ranks #385 out of 474 companies for Cyclically Adjusted PS Ratio. This places Nichias in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.79. Nichias' value of 2.74 is 246.8% above this benchmark. Historically, Nichias' own Cyclically Adjusted PS Ratio has ranged from 0.64 to 3.31 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 0.79, Nichias 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 0.79, based on 474 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. Nichias's current Cyclically Adjusted PS Ratio of 2.74 is 246.8% 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 Nichias and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichias's current Cyclically Adjusted PS Ratio is 2.74, which is 169% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichias stock overvalued right now?
Based on GuruFocus' analysis, Nichias (NICFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.82, compared to a current price of $22.13 — trading 87.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.74, which is 169% above median its 10-year median of 1.02 and 246.8% above the Conglomerates industry median of 0.79. Nichias' overall GF Score™ is 70/100 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 Nichias (NICFF), the current Cyclically Adjusted PS Ratio is 2.74 as of Jul. 18, 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 Nichias (NICFF) Overvalued in 2026?

Based on GuruFocus' analysis, Nichias stock appears to be overvalued. The current stock price of $22.13 is trading 87.2% above its estimated GF Value™ of $11.82. GuruFocus considers Nichias to be Significantly Overvalued.

Key valuation signals for NICFF:

  • Cyclically Adjusted PS Ratio: 2.74 (169% above median its 10-year median of 1.02)
  • GF Value™: $11.82 vs. price of $22.13 (87.2% above fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 246.8% above the Conglomerates median (#385 of 474)

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


Nichias Business Description

Other Exchanges 5393:Japan
Address 6-1, Hatchobori 1-chome, Chuo-ku, Tokyo, JPN, 104-8555
Nichias Corp is engaged in the development, manufacturing, and sale of a wide range of thermal insulation and industrial materials. The company operates through five reportable segments: Construction and Sales for Plants, Industrial Products, High-Performance Products, Automotive Parts, and Construction Materials. Its business activities include providing thermal insulation and disaster prevention works for electric power and petrochemical plants, as well as producing sealing materials, fluoroplastic molding products, and non-combustible building materials for industrial and infrastructure applications. It generates the majority of its revenue from the Construction and Sales for Plants segment.
70GF Score

Get the complete analysis for NICFF

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

$22.13
Price
$11.82
GF Value