JGC Holdings (STU:VJC) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:VJC JGC Holdings Corp STU:VJC
68 GF Score
Price €12.80
GF Value €7.25
Valuation Significantly Overvalued
! 3 Warning Signs
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What is JGC Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


JGC Holdings  (STU:VJC) 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.


JGC Holdings Cyclically Adjusted PS Ratio Related Terms


JGC Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JGC Holdings'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.

JGC Holdings Cyclically Adjusted PS Ratio Chart

JGC Holdings 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 0.52 0.55 0.43 0.34 0.63

JGC Holdings 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 0.34 0.41 0.49 0.62 0.67

STU:VJC vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, JGC Holdings'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.


JGC Holdings Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, JGC Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:VJC
68GF Score
JGC Holdings Corp STU:VJC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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JGC Holdings 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.

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

For example, JGC Holdings'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)
=3.549/113.6000*113.6000
=3.549

Current CPI (Jun. 2026) = 113.6000.

JGC Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.378 98.000 6.234
201612 6.601 98.400 7.621
201703 5.840 98.100 6.763
201706 4.959 98.500 5.719
201709 5.835 98.800 6.709
201712 5.552 99.400 6.345
201803 5.716 99.200 6.546
201806 4.456 99.200 5.103
201809 4.041 99.900 4.595
201812 4.507 99.700 5.135
201903 6.167 99.700 7.027
201906 3.447 99.800 3.924
201909 3.682 100.100 4.179
201912 4.079 100.500 4.611
202003 4.574 100.300 5.181
202006 3.241 99.900 3.685
202009 3.275 99.900 3.724
202012 3.356 99.300 3.839
202103 4.000 99.900 4.549
202106 3.217 99.500 3.673
202109 3.382 100.100 3.838
202112 3.092 100.100 3.509
202203 3.306 101.100 3.715
202206 3.388 101.800 3.781
202209 4.234 103.100 4.665
202212 4.100 104.100 4.474
202303 5.431 104.400 5.910
202306 4.996 105.200 5.395
202309 5.889 106.200 6.299
202312 5.149 106.800 5.477
202403 5.948 107.200 6.303
202406 5.037 108.200 5.288
202409 5.110 108.900 5.331
202412 5.026 110.700 5.158
202503 6.551 111.100 6.698
202506 4.789 111.700 4.870
202509 4.595 112.000 4.661
202512 4.276 113.000 4.299
202603 4.018 112.700 4.050
202606 3.549 113.600 3.549

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 JGC Holdings (STU:VJC) Overvalued in 2026?

Based on GuruFocus' analysis, JGC Holdings stock appears to be overvalued. The current stock price of €12.80 is trading 76.6% above its estimated GF Value™ of €7.25. GuruFocus considers JGC Holdings to be Significantly Overvalued.

Key valuation signals for STU:VJC:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €7.25 vs. price of €12.80 (76.6% above fair value)
  • GF Score™: 68/100 with 3 warning signs

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


JGC Holdings Business Description

Address 2-3-1 Minatomirai, Nishi-Ku, Kanagawa, Yokohama-shi, JPN, 220-6001
JGC Holdings Corp is a Japan-based company engaged in providing infrastructure construction services. The company operates through two segments. The Comprehensive Engineering segment provides EPC services including design, procurement, construction, and commissioning of equipment and facilities for petroleum, oil refining, petrochemicals, gas, and LNG. The Functional Materials Manufacturing segment produces and sells catalysts, nanoparticle technology products, clean and safety materials, electronic materials, high-performance ceramics, and next-generation energy solutions. The Others segment includes consulting, office support, desalination, and crude oil and gas production and sales. It generates the majority of its revenue from the Comprehensive engineering segment.
68GF Score

Get the complete analysis for STU:VJC

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

€12.80
Price
€7.25
GF Value