Pilot (POGHF) Cyclically Adjusted PS Ratio: (As of Sep. 03, 2026)

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.

POGHF Pilot Corp POGHF
86 GF Score
Price $13.46
GF Value $9.75
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Pilot Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pilot  (OTCPK:POGHF) 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.


Pilot Cyclically Adjusted PS Ratio Related Terms


Pilot Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pilot'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.

Pilot Cyclically Adjusted PS Ratio Chart

Pilot Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.96 1.96 1.60 1.72 1.64

Pilot 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 1.41 1.64 1.64 1.57 0.00

Pilot Cyclically Adjusted PS Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, Pilot'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.


Pilot Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

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


POGHF
86GF Score
Pilot Corp POGHF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pilot 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.

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

For example, Pilot'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)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

Pilot Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.585 98.000 1.837
201612 1.582 98.400 1.826
201703 1.478 98.100 1.712
201706 1.863 98.500 2.149
201709 1.850 98.800 2.127
201712 2.102 99.400 2.402
201803 1.911 99.200 2.188
201806 2.176 99.200 2.492
201809 1.833 99.900 2.084
201812 2.064 99.700 2.352
201903 1.774 99.700 2.021
201906 2.230 99.800 2.538
201909 1.922 100.100 2.181
201912 2.123 100.500 2.400
202003 1.752 100.300 1.984
202006 1.652 99.900 1.879
202009 1.630 99.900 1.854
202012 1.904 99.300 2.178
202103 1.772 99.900 2.015
202106 2.121 99.500 2.422
202109 1.939 100.100 2.201
202112 2.030 100.100 2.304
202203 1.869 101.100 2.100
202206 1.971 101.800 2.199
202209 1.570 103.100 1.730
202212 1.800 104.100 1.964
202303 1.733 104.400 1.886
202306 2.032 105.200 2.194
202309 1.534 106.200 1.641
202312 1.780 106.800 1.893
202403 1.624 107.200 1.721
202406 1.976 108.200 2.075
202409 1.763 108.900 1.839
202412 1.712 110.700 1.757
202503 1.690 111.100 1.728
202506 2.148 111.700 2.185
202509 1.736 112.000 1.761
202512 1.794 113.000 1.804
202603 1.833 112.700 1.848
202606 0.000 113.600 0.000

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 Pilot (POGHF) Overvalued in 2026?

Based on GuruFocus' analysis, Pilot stock appears to be overvalued. The current stock price of $13.46 is trading 38.1% above its estimated GF Value™ of $9.75. GuruFocus considers Pilot to be Significantly Overvalued.

Key valuation signals for POGHF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $9.75 vs. price of $13.46 (38.1% above fair value)
  • GF Score™: 86/100 with 7 warning signs

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


Pilot Business Description

Other Exchanges 7846:Japan
Address 2-6-21 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8304
Pilot Corp is a Japanese company that manufactures, purchases, and distributes stationery items, including writing instruments, other stationery products, and toys, and relevant services. The company operates through four segments: Japan, the Americas, Europe, and Asia. The Japan segment distributes products through direct sales to retail stores in Japan, and this segment contributes a majority proportion of total group revenue. The Americas segment is mainly engaged in the manufacture and sales of ball pens in the United States, Mexico, and Brazil. The Europe segment operates in Sweden, the United Kingdom, Germany, France, and others. The Asia segment provides writing materials in Taiwan, mainland China, Hong Kong, Indonesia, Malaysia, and Singapore.
86GF Score

Get the complete analysis for POGHF

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

$13.46
Price
$9.75
GF Value