Money Forward (STU:47D) Cyclically Adjusted PS Ratio: (As of Jul. 29, 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.

STU:47D Money Forward Inc STU:47D
79 GF Score
Price €30.00
GF Value €31.95
Valuation Fairly Valued
! 5 Warning Signs
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What is Money Forward Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Money Forward  (STU:47D) 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.


Money Forward Cyclically Adjusted PS Ratio Related Terms


Money Forward Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Money Forward'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.

Money Forward Cyclically Adjusted PS Ratio Chart

Money Forward Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Money Forward 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 0.00 0.00 0.00 7.36 0.00

STU:47D vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Money Forward'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.


Money Forward Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Money Forward's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:47D
79GF Score
Money Forward Inc STU:47D
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Money Forward 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.

Money Forward's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 is calculated as:

For example, Money Forward's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=0/113.5000*113.5000
=0.000

Current CPI (May. 2026) = 113.5000.

Money Forward Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201605 0.000 98.200 0.000
201611 0.000 98.600 0.000
201702 0.127 98.100 0.147
201705 0.168 98.600 0.193
201708 0.169 98.500 0.195
201711 0.190 99.100 0.218
201802 0.177 99.500 0.202
201805 0.218 99.300 0.249
201808 0.228 99.800 0.259
201811 0.295 100.000 0.335
201902 0.263 99.700 0.299
201905 0.308 100.000 0.350
201908 0.359 100.000 0.407
201911 0.416 100.500 0.470
202002 0.444 100.300 0.502
202005 0.514 100.100 0.583
202008 0.466 100.100 0.528
202011 0.569 99.500 0.649
202102 0.549 99.800 0.624
202105 0.603 99.400 0.689
202108 0.557 99.700 0.634
202111 0.625 100.100 0.709
202202 0.681 100.700 0.768
202205 0.696 101.800 0.776
202208 0.741 102.700 0.819
202211 0.792 103.900 0.865
202302 0.887 104.000 0.968
202305 0.906 105.100 0.978
202308 0.877 105.900 0.940
202311 1.003 106.900 1.065
202402 1.091 106.900 1.158
202405 1.123 108.100 1.179
202408 1.119 109.100 1.164
202411 1.204 110.000 1.242
202502 1.354 110.800 1.387
202505 1.284 111.800 1.304
202508 1.276 112.100 1.292
202511 1.510 113.200 1.514
202602 1.446 112.200 1.463
202605 0.000 113.500 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 Money Forward (STU:47D) Overvalued in 2026?

Based on GuruFocus' analysis, Money Forward stock appears to be undervalued. The current stock price of €30.00 is trading 6.1% below its estimated GF Value™ of €31.95. GuruFocus considers Money Forward to be Fairly Valued.

Key valuation signals for STU:47D:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €31.95 vs. price of €30.00 (6.1% below fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the STU:47D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Money Forward Business Description

Other Exchanges 3994:Japan
Address 21st Floor, msb Tamachi Tamachi Station Tower, S 3-1-21 Shibaura, Minato-ku, Tokyo, JPN, 108-0023
Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation.
79GF Score

Get the complete analysis for STU:47D

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

€30.00
Price
€31.95
GF Value