Kao (STU:KAO) Cyclically Adjusted PS Ratio: (As of Aug. 07, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:KAO Kao Corp STU:KAO
76 GF Score
Price €20.08
GF Value €18.55
Valuation Fairly Valued
! 6 Warning Signs
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What is Kao Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kao  (STU:KAO) 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.


Kao Cyclically Adjusted PS Ratio Related Terms


Kao Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kao'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.

Kao Cyclically Adjusted PS Ratio Chart

Kao 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 2.06 1.69 1.79 1.88 1.79

Kao 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 1.88 1.87 1.79 1.77 0.00

STU:KAO vs PG, CL, KVUE: Cyclically Adjusted PS Ratio Comparison

For the Household & Personal Products subindustry, Kao'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.


Kao Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kao's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:KAO
76GF Score
Kao Corp STU:KAO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kao 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.

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

For example, Kao'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.

Kao Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.104 98.000 3.598
201612 3.331 98.400 3.846
201703 2.897 98.100 3.355
201706 3.027 98.500 3.491
201709 2.788 98.800 3.206
201712 3.105 99.400 3.549
201803 2.719 99.200 3.114
201806 2.999 99.200 3.434
201809 2.896 99.900 3.293
201812 3.301 99.700 3.761
201903 2.837 99.700 3.233
201906 3.164 99.800 3.602
201909 3.405 100.100 3.864
201912 3.369 100.500 3.808
202003 2.951 100.300 3.342
202006 2.826 99.900 3.214
202009 2.826 99.900 3.214
202012 3.101 99.300 3.548
202103 2.582 99.900 2.936
202106 2.817 99.500 3.216
202109 2.815 100.100 3.195
202112 3.263 100.100 3.703
202203 2.802 101.100 3.148
202206 2.892 101.800 3.227
202209 2.975 103.100 3.278
202212 3.187 104.100 3.478
202303 2.614 104.400 2.844
202306 2.744 105.200 2.963
202309 2.640 106.200 2.824
202312 2.786 106.800 2.963
202403 2.416 107.200 2.560
202406 2.674 108.200 2.807
202409 2.726 108.900 2.844
202412 2.929 110.700 3.006
202503 2.604 111.100 2.663
202506 2.707 111.700 2.753
202509 2.627 112.000 2.665
202512 2.711 113.000 2.725
202603 2.490 112.700 2.510
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 Kao (STU:KAO) Overvalued in 2026?

Based on GuruFocus' analysis, Kao stock appears to be overvalued. The current stock price of €20.08 is trading 8.2% above its estimated GF Value™ of €18.55. GuruFocus considers Kao to be Fairly Valued.

Key valuation signals for STU:KAO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €18.55 vs. price of €20.08 (8.2% above fair value)
  • GF Score™: 76/100 with 6 warning signs

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


Kao Business Description

Address 14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, JPN, 103-8210
Kao is the largest household and personal care product manufacturer in Japan, with a footprint across Asia, Europe, and the Americas. Japan remains its largest market, contributing about 50% of sales and operating profits with several leading brands, including Attack and Bioré. Initially a soap producer established in the 1890s, Kao has expanded into cosmetics, disposable hygiene products, and chemicals, in addition to its homecare and toiletry products. Asia, the largest overseas market, contributes around 15% of group sales. Kao has also acquired several Western skin- and haircare brands, including Jergens, John Frieda, Curél, Molton Brown, and the latest, Oribe.
76GF Score

Get the complete analysis for STU:KAO

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

€20.08
Price
€18.55
GF Value