OKASY (Onward Holdings Co) Cyclically Adjusted PS Ratio: 0.49 (As of Jul. 10, 2026) — 53% Above Median


OKASY Onward Holdings Co Ltd OKASY
77 GF Score
Price $50.00
GF Value $46.45
! 3 Warning Signs
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What is Onward Holdings Co Cyclically Adjusted PS Ratio?

Onward Holdings Co OKASY 77 Cyclically Adjusted PS Ratio is 0.49 as of Jul. 10, 2026, which is 53% above its 10-year median of 0.32. GuruFocus rates OKASY with a GF Score™ of 77/100 and a GF Value™ of $46.45. The stock has 3 warning signs investors should review. Among 882 Manufacturing - Apparel & Accessories companies, Onward Holdings Co ranks better than 62.36% on this metric.

As of today (2026-07-10), Onward Holdings Co's current share price is $50.00. Onward Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was $102.33. Onward Holdings Co's Cyclically Adjusted PS Ratio for today is 0.49.

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

OKASY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.32   Max: 0.58
Current: 0.44

During the past years, Onward Holdings Co's highest Cyclically Adjusted PS Ratio was 0.58. The lowest was 0.12. And the median was 0.32.

OKASY's Cyclically Adjusted PS Ratio is ranked better than
62.36% of 882 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.64 vs OKASY: 0.44

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.

Onward Holdings Co's adjusted revenue per share data for the three months ended in Feb. 2026 was $14.715. 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 $102.33 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Onward Holdings Co  (OTCPK:OKASY) 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.


Onward Holdings Co Cyclically Adjusted PS Ratio Related Terms


Onward Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Onward 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.

Onward Holdings Co Cyclically Adjusted PS Ratio Chart

Onward Holdings Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.20 0.31 0.32 0.49

Onward Holdings Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 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 0.33 0.38 0.41 0.49 0.00

OKASY vs RL, LEVI, VFC: Cyclically Adjusted PS Ratio Comparison

For the Apparel Manufacturing subindustry, Onward 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.


Onward Holdings Co Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Onward Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


OKASY
77GF Score
Onward Holdings Co Ltd OKASY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Onward 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.

Onward Holdings Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=50.00/102.33
=0.49

* 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.

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

For example, Onward Holdings Co's adjusted Revenue per Share data for the three months ended in Feb. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=14.715/112.2000*112.2000
=14.715

Current CPI (Feb. 2026) = 112.2000.

Onward Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201605 19.410 98.200 22.177
201608 17.468 97.900 20.020
201611 18.406 98.600 20.945
201702 19.175 98.100 21.931
201705 18.395 98.600 20.932
201708 16.764 98.500 19.096
201711 19.794 99.100 22.411
201802 19.970 99.500 22.519
201805 19.369 99.300 21.885
201808 16.845 99.800 18.938
201811 20.179 100.000 22.641
201902 20.119 99.700 22.641
201905 21.309 100.000 23.909
201908 18.604 100.000 20.874
201911 21.914 100.500 24.465
202002 21.997 100.300 24.607
202005 14.727 100.100 16.507
202008 13.470 100.100 15.098
202011 17.976 99.500 20.270
202102 15.281 99.800 17.180
202105 15.530 99.400 17.530
202108 11.636 99.700 13.095
202111 14.070 100.100 15.771
202202 14.075 100.700 15.682
202205 12.727 101.800 14.027
202208 10.250 102.700 11.198
202211 12.433 103.900 13.426
202302 12.620 104.000 13.615
202305 13.400 105.100 14.305
202308 10.301 105.900 10.914
202311 12.525 106.900 13.146
202402 11.870 106.900 12.459
202405 12.130 108.100 12.590
202408 11.005 109.100 11.318
202411 13.129 110.000 13.392
202502 14.190 110.800 14.369
202505 15.283 111.800 15.338
202508 13.087 112.100 13.099
202511 14.716 113.200 14.586
202602 14.715 112.200 14.715

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 0.49 mean?
Onward Holdings Co (OKASY) has a Cyclically Adjusted PS Ratio of 0.49 as of Jul. 10, 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 Onward Holdings Co and its competitors. This is 53% above median its historical median of 0.32. Over the past decade, Onward Holdings Co's Cyclically Adjusted PS Ratio has ranged from 0.12 to 0.58. According to the industry distribution chart, Onward Holdings Co ranks #332 out of 882 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 37.6%.
Is Onward Holdings Co's Cyclically Adjusted PS Ratio too high?
Onward Holdings Co's current Cyclically Adjusted PS Ratio of 0.49 is 53% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.58. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PS Ratio is 0.64. Onward Holdings Co's value of 0.49 is 23.4% below this industry median. Based on the distribution chart, Onward Holdings Co ranks #332 out of 882 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Onward Holdings Co has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Onward Holdings Co's Cyclically Adjusted PS Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Onward Holdings Co ranks #332 out of 882 companies for Cyclically Adjusted PS Ratio. This puts Onward Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.64. Onward Holdings Co's value of 0.49 is 23.4% below this benchmark. Historically, Onward Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 0.12 to 0.58 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.64, Onward Holdings Co 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PS Ratio among Manufacturing - Apparel & Accessories companies is 0.64, based on 882 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. Onward Holdings Co's current Cyclically Adjusted PS Ratio of 0.49 is 23.4% 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 Onward Holdings Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PS Ratio is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Holdings Co's current Cyclically Adjusted PS Ratio is 0.49, which is 53% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Holdings Co stock overvalued right now?
Onward Holdings Co (OKASY) has a current Cyclically Adjusted PS Ratio of 0.49. The stock's GF Value™ is $46.45, compared to a current price of $50.00 — trading 7.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.49, which is 53% above median its 10-year median of 0.32 and 23.4% below the Manufacturing - Apparel & Accessories industry median of 0.64. Onward Holdings Co's overall GF Score™ is 77/100 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 Onward Holdings Co (OKASY), the current Cyclically Adjusted PS Ratio is 0.49 as of Jul. 10, 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 Onward Holdings Co (OKASY) Overvalued in 2026?

Based on GuruFocus' analysis, Onward Holdings Co stock appears to be overvalued. The current stock price of $50.00 is trading 7.6% above its estimated GF Value™ of $46.45.

Key valuation signals for OKASY:

  • Cyclically Adjusted PS Ratio: 0.49 (53% above median its 10-year median of 0.32)
  • GF Value™: $46.45 vs. price of $50.00 (7.6% above fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 23.4% below the Manufacturing - Apparel & Accessories median (#332 of 882)

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


Onward Holdings Co Business Description

Other Exchanges 8016:Japan
Address 10-5, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8239
Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three-fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three-fourths of Onward's sales are in Japan, and the majority of the company's remaining sales are in Europe. The company manufactures its products mainly in China.
77GF Score

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

$50.00
Price
$46.45
GF Value