Pilot (POGHF) Cyclically Adjusted PS Ratio: 1.56 (As of Jul. 11, 2026) — 13% Below Median


POGHF Pilot Corp POGHF
88 GF Score
Price $10.45
GF Value $11.08
Valuation Fairly Valued
! 7 Warning Signs
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What is Pilot Cyclically Adjusted PS Ratio?

Pilot POGHF 88 Cyclically Adjusted PS Ratio is 1.56 as of Jul. 11, 2026, which is 13% below its 10-year median of 1.80. GuruFocus rates POGHF with a GF Score™ of 88/100 and a GF Value™ of $11.08 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,296 Industrial Products companies, Pilot ranks better than 51.83% on this metric.

As of today (2026-07-11), Pilot's current share price is $10.45. Pilot's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was $6.69. Pilot's Cyclically Adjusted PS Ratio for today is 1.56.

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

POGHF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.29   Med: 1.8   Max: 3.57
Current: 1.8

During the past years, Pilot's highest Cyclically Adjusted PS Ratio was 3.57. The lowest was 1.29. And the median was 1.80.

POGHF's Cyclically Adjusted PS Ratio is ranked better than
51.83% of 2296 companies
in the Industrial Products industry
Industry Median: 1.89 vs POGHF: 1.80

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.

Pilot's adjusted revenue per share data for the three months ended in Dec. 2025 was $1.794. 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 $6.69 for the trailing ten years ended in Dec. 2025.

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
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 1.45 1.41 1.64 1.64 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
88GF 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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.45/6.69
=1.56

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Pilot's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.794/113.0000*113.0000
=1.794

Current CPI (Dec. 2025) = 113.0000.

Pilot Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 1.473 97.900 1.700
201606 1.818 98.100 2.094
201609 1.585 98.000 1.828
201612 1.582 98.400 1.817
201703 1.478 98.100 1.702
201706 1.863 98.500 2.137
201709 1.850 98.800 2.116
201712 2.102 99.400 2.390
201803 1.911 99.200 2.177
201806 2.176 99.200 2.479
201809 1.833 99.900 2.073
201812 2.064 99.700 2.339
201903 1.774 99.700 2.011
201906 2.230 99.800 2.525
201909 1.922 100.100 2.170
201912 2.123 100.500 2.387
202003 1.752 100.300 1.974
202006 1.652 99.900 1.869
202009 1.630 99.900 1.844
202012 1.904 99.300 2.167
202103 1.772 99.900 2.004
202106 2.121 99.500 2.409
202109 1.939 100.100 2.189
202112 2.030 100.100 2.292
202203 1.869 101.100 2.089
202206 1.971 101.800 2.188
202209 1.570 103.100 1.721
202212 1.800 104.100 1.954
202303 1.733 104.400 1.876
202306 2.032 105.200 2.183
202309 1.534 106.200 1.632
202312 1.780 106.800 1.883
202403 1.624 107.200 1.712
202406 1.976 108.200 2.064
202409 1.763 108.900 1.829
202412 1.712 110.700 1.748
202503 1.690 111.100 1.719
202506 2.148 111.700 2.173
202509 1.736 112.000 1.752
202512 1.794 113.000 1.794

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 1.56 mean?
Pilot (POGHF) has a Cyclically Adjusted PS Ratio of 1.56 as of Jul. 11, 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 Pilot and its competitors. This is 13% below median its historical median of 1.80. Over the past decade, Pilot's Cyclically Adjusted PS Ratio has ranged from 1.29 to 3.57. According to the industry distribution chart, Pilot ranks #1106 out of 2296 companies in the Industrial Products industry, placing it in the top 48.2%.
Is Pilot's Cyclically Adjusted PS Ratio too high?
Pilot's current Cyclically Adjusted PS Ratio of 1.56 is 13% below median its 10-year median of 1.80. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 3.57. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.89. Pilot's value of 1.56 is 17.5% below this industry median. Based on the distribution chart, Pilot ranks #1106 out of 2296 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Pilot has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pilot's Cyclically Adjusted PS Ratio compare to competitors?
According to the Industrial Products industry distribution chart, Pilot ranks #1106 out of 2296 companies for Cyclically Adjusted PS Ratio. This puts Pilot in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.89. Pilot's value of 1.56 is 17.5% below this benchmark. Historically, Pilot's own Cyclically Adjusted PS Ratio has ranged from 1.29 to 3.57 over the past decade. While the company's 10-year median is 1.80 vs. the industry median of 1.89, Pilot 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 1.89, based on 2,296 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. Pilot's current Cyclically Adjusted PS Ratio of 1.56 is 17.5% 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 Pilot and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pilot's current Cyclically Adjusted PS Ratio is 1.56, which is 13% below median its own 10-year median of 1.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pilot stock overvalued right now?
Based on GuruFocus' analysis, Pilot (POGHF) is currently considered Fairly Valued. The stock's GF Value™ is $11.08, compared to a current price of $10.45 — trading 5.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.56, which is 13% below median its 10-year median of 1.80 and 17.5% below the Industrial Products industry median of 1.89. Pilot's overall GF Score™ is 88/100 with 7 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 Pilot (POGHF), the current Cyclically Adjusted PS Ratio is 1.56 as of Jul. 11, 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 Pilot (POGHF) Overvalued in 2026?

Based on GuruFocus' analysis, Pilot stock appears to be undervalued. The current stock price of $10.45 is trading 5.7% below its estimated GF Value™ of $11.08. GuruFocus considers Pilot to be Fairly Valued.

Key valuation signals for POGHF:

  • Cyclically Adjusted PS Ratio: 1.56 (13% below median its 10-year median of 1.80)
  • GF Value™: $11.08 vs. price of $10.45 (5.7% below fair value)
  • GF Score™: 88/100 with 7 warning signs
  • Industry Position: 17.5% below the Industrial Products median (#1106 of 2296)

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.
88GF 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.

$10.45
Price
$11.08
GF Value