Denso (STU:DNO) Cyclically Adjusted PS Ratio: 1.17 (As of Jul. 31, 2026) — Near Median

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:DNO Denso Corp STU:DNO
73 GF Score
Price €11.80
GF Value €13.30
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Denso Cyclically Adjusted PS Ratio?

Denso STU:DNO +2.79% 73 Cyclically Adjusted PS Ratio is 1.17 as of Jul. 31, 2026, which is 4% above its 10-year median of 1.13. GuruFocus rates STU:DNO with a GF Score™ of 73/100 and a GF Value™ of €13.30 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,043 Vehicles & Parts companies, Denso ranks worse than 62.61% on this metric.

As of today (2026-07-31), Denso's current share price is €11.795. Denso's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €10.06. Denso's Cyclically Adjusted PS Ratio for today is 1.17.

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

STU:DNO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.13   Max: 1.71
Current: 1.1

During the past years, Denso's highest Cyclically Adjusted PS Ratio was 1.71. The lowest was 0.55. And the median was 1.13.

STU:DNO's Cyclically Adjusted PS Ratio is ranked worse than
62.61% of 1043 companies
in the Vehicles & Parts industry
Industry Median: 0.72 vs STU:DNO: 1.10

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.

Denso's adjusted revenue per share data for the three months ended in Mar. 2026 was €-3.237. 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 €10.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Denso  (STU:DNO) 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.


Denso Cyclically Adjusted PS Ratio Related Terms


Denso Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Denso'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.

Denso Cyclically Adjusted PS Ratio Chart

Denso 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 1.28 1.13 1.64 1.03 1.08

Denso 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 1.03 1.07 1.15 1.13 1.08

STU:DNO vs ORLY, AZO, GPC: Cyclically Adjusted PS Ratio Comparison

For the Auto Parts subindustry, Denso'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.


Denso Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Denso's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:DNO
73GF Score
Denso Corp STU:DNO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Denso 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.795/10.06
=1.17

* 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.

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

For example, Denso'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)
=-3.237/112.7000*112.7000
=-3.237

Current CPI (Mar. 2026) = 112.7000.

Denso Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.911 98.100 3.344
201609 2.996 98.000 3.445
201612 2.944 98.400 3.372
201703 3.202 98.100 3.679
201706 2.978 98.500 3.407
201709 2.911 98.800 3.321
201712 3.204 99.400 3.633
201803 3.455 99.200 3.925
201806 3.315 99.200 3.766
201809 3.167 99.900 3.573
201812 3.400 99.700 3.843
201903 3.546 99.700 4.008
201906 3.498 99.800 3.950
201909 3.526 100.100 3.970
201912 3.398 100.500 3.810
202003 3.413 100.300 3.835
202006 2.038 99.900 2.299
202009 3.397 99.900 3.832
202012 3.664 99.300 4.158
202103 3.561 99.900 4.017
202106 3.298 99.500 3.736
202109 3.059 100.100 3.444
202112 3.611 100.100 4.066
202203 3.776 101.100 4.209
202206 3.273 101.800 3.623
202209 0.928 103.100 1.014
202212 3.762 104.100 4.073
202303 4.119 104.400 4.446
202306 3.734 105.200 4.000
202309 1.905 106.200 2.022
202312 3.917 106.800 4.133
202403 3.745 107.200 3.937
202406 3.546 108.200 3.693
202409 3.726 108.900 3.856
202412 3.875 110.700 3.945
202503 -3.340 111.100 -3.388
202506 3.785 111.700 3.819
202509 3.842 112.000 3.866
202512 3.817 113.000 3.807
202603 -3.237 112.700 -3.237

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 1.17 mean?
Denso (STU:DNO) has a Cyclically Adjusted PS Ratio of 1.17 as of Jul. 31, 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 Denso and its competitors. This is near median its historical median of 1.13. Over the past decade, Denso's Cyclically Adjusted PS Ratio has ranged from 0.55 to 1.71. According to the industry distribution chart, Denso ranks #653 out of 1043 companies in the Vehicles & Parts industry, placing it in the top 62.6%.
Is Denso's Cyclically Adjusted PS Ratio too high?
Denso's current Cyclically Adjusted PS Ratio of 1.17 is near median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.71. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.72. Denso's value of 1.17 is 62.5% above this industry median. Based on the distribution chart, Denso ranks #653 out of 1043 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Denso has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Denso's Cyclically Adjusted PS Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Denso ranks #653 out of 1043 companies for Cyclically Adjusted PS Ratio. This places Denso in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.72. Denso's value of 1.17 is 62.5% above this benchmark. Historically, Denso's own Cyclically Adjusted PS Ratio has ranged from 0.55 to 1.71 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 0.72, Denso 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 Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.72, based on 1,043 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. Denso's current Cyclically Adjusted PS Ratio of 1.17 is 62.5% 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 Denso and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Denso's current Cyclically Adjusted PS Ratio is 1.17, which is near median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Denso stock overvalued right now?
Based on GuruFocus' analysis, Denso (STU:DNO) is currently considered Modestly Undervalued. The stock's GF Value™ is €13.30, compared to a current price of €11.80 — trading 11.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.17, which is near median its 10-year median of 1.13 and 62.5% above the Vehicles & Parts industry median of 0.72. Denso's overall GF Score™ is 73/100 with 6 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 Denso (STU:DNO), the current Cyclically Adjusted PS Ratio is 1.17 as of Jul. 31, 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 Denso (STU:DNO) Overvalued in 2026?

Based on GuruFocus' analysis, Denso stock appears to be undervalued. The current stock price of €11.80 is trading 11.3% below its estimated GF Value™ of €13.30. GuruFocus considers Denso to be Modestly Undervalued.

Key valuation signals for STU:DNO:

  • Cyclically Adjusted PS Ratio: 1.17 (near median its 10-year median of 1.13)
  • GF Value™: €13.30 vs. price of €11.80 (11.3% below fair value)
  • GF Score™: 73/100 with 6 warning signs
  • Industry Position: 62.5% above the Vehicles & Parts median (#653 of 1043)

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


Denso Business Description

Address 1-1 Showa-cho, Aichi Prefecture, Kariya, JPN, 448-8661
Denso was founded on Dec. 16, 1949, as Nippondenso, and is now a leading global manufacturer of automotive components, ranging from thermal and powertrain control systems to electronic and electrification solutions, headquartered in Kariya, Aichi Prefecture, Japan, and a core member of the Toyota Group.
73GF Score

Get the complete analysis for STU:DNO

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

€11.80
Price
€13.30
GF Value